Williams (NYSE: WMB) has announced its midstream entry into Colorado’s DJ Basin and the exit of Williams Partners L.P. (NYSE: WPZ) from the Four Corners Area in New Mexico and Colorado. Into the DJ Williams and KKR & Co. (NYSE: KKR) have entered into an agreement to jointly purchase Discovery DJ Services from TPG Growth for $1.173 billion. Discovery is
From BusinessWire The Williams Companies, Inc. (NYSE: WMB) (“Williams”) today announced that its Board of Directors has appointed Nancy K. Buese as an independent director on the Board, effective immediately. Ms. Buese is a highly-skilled and extremely knowledgeable industry leader and currently serves as executive vice president and chief financial officer for Newmont Mining Corporation. She brings 25 years of
Williams to provide gas processing, fractionation and liquids handling for Southwestern’s wet gas acreage in the Marcellus, Upper Devonian plus gathering, processing for Southwestern’s South Utica dry gas Tulsa’s Williams Partners LP (ticker: WPZ) executed agreements with Southwestern Energy Company (ticker: SWN) this week to expand services to Southwestern in the Appalachian basin of West Virginia. Williams Partners will provide
Williams receives final Environmental Impact Statement for the Atlantic Sunrise project Houston-based Cabot Oil & Gas Corp. (ticker: COG) announced Friday that Williams Partners (ticker: WPZ) received its final Environmental Impact Statement (EIS) from the Federal Energy Regulatory Commission (FERC) for its Atlantic Sunrise project. Cabot holds 850,000 MMBtu/d of transportation capacity on the Atlantic Sunrise project. “The issuance of the final
Chesapeake Energy (ticker: CHK) announced on August 10, 2016, that the company would be exiting the Barnett Shale as part of an agreement to convey the Barnett assets to Saddle Barnett Resources. This transaction will mark Chesapeake’s exit from the birthplace of horizontal drilling and will eliminate the costs associated with drilling as well as pipeline contracts. The Barnett Shale
The spread between natural gas prices at Henry Hub and in the North East are narrowing as infrastructure increases, according to information from the Energy Information Administration. Henry Hub in Louisiana acts as the main trading point for natural gas in the U.S., but natural gas from the Utica shale plays in Pennsylvania, West Virginia, and Ohio constantly trade lower
CLR, HES, NBL, and WMB Slash Nearly $6.6 Billion in 2016 Plans Lower year-over-year spending in 2016 was a foregone conclusion for many in the exploration and production space, but the amount of expenditure cuts is noteworthy, no matter how you slice it. Plans for 2016 are trickling out ahead of Q4’15 earnings season, and some of the biggest names
ETE Becomes Largest Energy Infrastructure Group Enterprise Value Now Exceeds that of BP, Total and Petrobras Energy Transfer Equity’s (ticker: ETE) long pursuit of Williams Companies (ticker: WMB) has come to an end. On September 28, 2015, ETE announced the acquisition of WMB for total consideration of $37.7 billion, including debt, representing a 10% premium to WMB stock price prior
Analysts have pegged scores of oil and gas companies as potential takeover targets in the new commodity environment, but Williams Companies (ticker: WMB) is one of the few who has remained in the acquisition spotlight ever since a failed takeover attempt was made public in June. The rejected offer of $53.1 billion from Energy Transfer Equity (ticker: ETE) was refused
In a move designed to simplify the corporate structure, streamline governance and position itself for investment-grade ratings, Williams (ticker: WMB) is merging with its limited partnership subsidiary in an all stock-for-unit transaction. The merger is valued at $13.8 billion and is expected to close in the fall of 2015. Williams owns 60% of its subsidiary, Williams Partners (ticker: WPZ), and
Williams Partners Reports First Quarter 2015 Financial Results Williams Partners L.P. (WPZ) today announced unaudited financial results for first quarter 2015, during which time Williams Partners and Access Midstream Partners, L.P. (formerly NYSE: ACMP) merged to form one master limited partnership (MLP). Financial information for periods prior to July 2014 – when Williams (WMB) acquired control of Access Midstream –
Williams Partners Announces Cash Distribution Williams Partners L.P. (WPZ) today announced a regular quarterly cash distribution of $0.85 per unit for its common unitholders. The board of directors of the partnership’s general partner has approved the quarterly cash distribution, which is payable on May 14, 2015, to common unitholders of record at the close of business on May 7. The
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