Williams Partners Executes Agreements with Southwestern Energy to Expand Gas Gathering, Processing & Liquids Handling Service...
October 12 2017 - 8:00AM
Business Wire
- Williams Partners to provide gas
processing, fractionation and liquids handling services for
Southwestern in its Wet Gas Acreage in the Marcellus and Upper
Devonian Shale
- Williams Partners to provide gas
gathering services for Southwestern in its South Utica Dry Gas
Acreage
- Service area is in Appalachian Basin of
West Virginia in Williams Partners’ Northeast Gathering &
Processing Operating Area
Williams Partners L.P. (NYSE: WPZ) today announced the execution
of agreements with Southwestern Energy Company (NYSE: SWN)
(“Southwestern”) to expand its services to Southwestern in the
Appalachian Basin of West Virginia where Williams Partners has
established a strong operational footprint. The agreements call for
Williams Partners to deliver gas processing, fractionation, and
liquids handling services in Southwestern’s Wet Gas Acreage in the
Marcellus and Upper Devonian Shale along with gas gathering
services for Southwestern in its South Utica Dry Gas Acreage.
Williams Partners will provide Southwestern with 660 million
cubic feet per day (MMcf/d) of processing capacity to serve a
135,000-acre dedication in Southwestern’s Wet Gas Acreage in the
Marcellus and Upper Devonian Shale in Marshall and Wetzel counties
in West Virginia. As a result of this agreement, Williams Partners
expects to further build out its Oak Grove processing facility for
Southwestern’s expanding production of wet gas. The Oak Grove
processing facility has the ability to expand by an additional 1.8
Bcf/d of gas processing capacity.
Williams Partners’ Northeast Gathering & Processing
Operating Area also secured a gathering dedication of
Southwestern’s South Utica Dry Gas Acreage – 71,500 acres in
Marshall and Wetzel counties in West Virginia. The gathering and
processing expansions will be supported by long-term, fee-based
agreements and volumetric commitments.
“Executing these agreements with a premier customer like
Southwestern is a direct reflection of how well-positioned our
existing assets are in our Northeast Gathering & Processing
Operating Area footprint,” said Micheal Dunn, chief operating
officer and executive vice president of Williams Partners’ general
partner. “We look forward to expanding our business relationship
with Southwestern in the Northeast where our access to multiple gas
takeaway markets and the ability to efficiently expand our
infrastructure showcases our ability to serve the rapidly growing
gas production in the Marcellus and Utica.”
Downstream gas connections into Columbia’s Leach Xpress and
Mountaineer Xpress are being established to boost market access and
diversify gas pricing opportunities.
“The new agreements with Southwestern are actually a
‘win-win-win’ opportunity,” said James Scheel, senior vice
president for Williams Partners’ Northeast Gathering &
Processing Operating Area. “We are able to grow our gathering and
processing volumes, expand our services for a valued customer, and
increase the takeaway hub by solidifying downstream connections
from processing to new interstate pipelines – which benefits all
producers in this area.”
About Williams Partners
Williams Partners is an industry-leading, large-cap natural gas
infrastructure master limited partnership with a strong growth
outlook and major positions in key U.S. supply basins. Williams
Partners has operations across the natural gas value chain
including gathering, processing and interstate transportation of
natural gas and natural gas liquids. Williams Partners owns and
operates more than 33,000 miles of pipelines system wide –
including the nation’s largest volume and fastest growing pipeline
– providing natural gas for clean-power generation, heating and
industrial use. Williams Partners’ operations touch approximately
30 percent of U.S. natural gas. Tulsa, Okla.-based Williams (NYSE:
WMB), a premier provider of large-scale U.S. natural gas
infrastructure, owns approximately 74 percent of Williams
Partners.
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the partnership
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Additional information about issues that could lead to
material changes in performance is contained in the partnership’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20171012005333/en/
Williams Partners L.P.Media Contact:Keith Isbell,
918-573-7308orInvestor Contact:Brett Krieg, 918-573-4614
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Williams Companies (NYSE:WMB)
Historical Stock Chart
From Sep 2023 to Sep 2024