Current WMB Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

New $3.8 Billion JV in the Marcellus/Utica
Williams (stock ticker: WMB), an energy infrastructure company headquartered in Oklahoma, completed the formation of a $3.8 billion joint venture today with the Canada Pension Plan Investment Board (CPPIB).

As part of the deal, which was first announced back in March, CPPIB trades approximately $1.33 billion for a 35% ownership stake in the Williams owned and operated Ohio Valley Midstream system in the western Marcellus and the Utica East Ohio Midstream system in the Utica shale play.

Source: Williams

Upon closing, Williams will retain a 65% ownership interest and operate the combined business.

The money from CPPIB is being us...


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