Williams Completes Acquisition of Sequent Energy Management
July 01 2021 - 9:36AM
Business Wire
Williams (NYSE: WMB) today announced it has completed its
acquisition of Sequent Energy Management, L.P. and Sequent Energy
Canada, Corp. from Southern Company Gas. The acquisition, announced
in May, accelerates Williams’ natural gas pipeline and storage
optimization and marketing growth and increases Williams’ gas
pipeline marketing footprint to over 8 Bcf/d, with expansions into
new markets to reach incremental gas-fired power generation,
liquified natural gas (LNG) exports and future renewable natural
gas (RNG) and other emerging opportunities.
“The addition of Sequent Energy Management, including its
talented workforce and industry leading platform, complements the
current geographic footprint of our core pipeline transportation
and storage business,” said Alan Armstrong, president and chief
executive officer of Williams. “As we continue to take a leadership
role towards a clean energy future, Williams sees significant
opportunity to better source and deliver responsibly produced, low
carbon supplies to domestic natural gas and international LNG
customers. Sequent’s operational footprint in the U.S. and Canada
provides Williams with an enhanced North American perspective of
natural gas markets, in turn bolstering the company’s natural gas
focused strategy, and I’m excited to welcome the Sequent employees
to the Williams family.”
Sequent moves gas to markets through transportation and storage
agreements on strategically positioned assets, including along
Williams’ Transco system. The company focuses on asset management
and the wholesale marketing, trading, storage and transportation of
natural gas for a diverse set of natural gas utilities and
producers.
About Williams
Williams (NYSE: WMB) is committed to being the leader in
providing infrastructure that safely delivers natural gas products
to reliably fuel the clean energy economy. Headquartered in Tulsa,
Oklahoma, Williams is an industry-leading, investment grade C-Corp
with operations across the natural gas value chain including
gathering, processing, interstate transportation and storage of
natural gas and natural gas liquids. With major positions in top
U.S. supply basins, Williams connects the best supplies with the
growing demand for clean energy. Williams owns and operates more
than 30,000 miles of pipelines system wide – including Transco, the
nation’s largest volume and fastest growing pipeline – and handles
approximately 30 percent of the natural gas in the United States
that is used every day for clean-power generation, heating and
industrial use. www.williams.com
Portions of this document may constitute “forward-looking
statements” as defined by federal law. Although the company
believes any such statements are based on reasonable assumptions,
there is no assurance that actual outcomes will not be materially
different. Any such statements are made in reliance on the “safe
harbor” protections provided under the Private Securities Reform
Act of 1995. Additional information about issues that could lead to
material changes in performance is contained in the company’s
annual and quarterly reports filed with the Securities and Exchange
Commission.
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