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Texas upstream news


W&T Offshore to reduce 2020 capital budget

The company has reduced its estimate of 2020 capital expenditures to US$15 million to US$25 million from its prior level of US$50 million to US$100 million.


OTC 2020 postponed

The event, due to be held in May in Houston, Texas, has been postponed to the third quarter of 2020.