Williams Acquires Natural Gas Pipeline And Storage Assets Serving High-Growth Demand In Dallas-Fort Worth Metroplex
Williams Acquires Natural Gas Pipeline And Storage Assets Serving High-Growth Demand In Dallas-Fort Worth Metroplex
09/08/22, 11:39 AM
Location
tulsaIndustry
oil and gas
energy
Williams (NYSE: WMB) today announced that it has acquired NorTex Midstream, a fully contracted natural gas pipeline and storage asset located in north Texas, from an affiliate of Tailwater Capital. The $423 million transaction, which closed on August 31, 2022, includes approximately 80 miles of natural gas transmission pipelines and 36 Bcf of natural gas storage in the Dallas-Fort Worth market. The NorTex assets provide critical service to approximately 4 GW of gas fired power generation, enabling Texas energy providers to successfully meet peak demands. In addition to providing critical gas supply to power generation in north Texas, these assets also position Williams to provide storage services for Permian gas directed toward growing Gulf Coast LNG demand.
Company Info
Location
Tulsa, Oklahoma, United States
Company info
Williams is committed to meeting the world’s growing demand for reliable, low-cost, low-carbon energy. Through best-in-class transportation, storage, and delivery solutions, we enable the transition to a cleaner energy future. As a leading operator of critical infrastructure, we are dedicated to making clean energy happen and ensuring a sustainable tomorrow.