Williams to acquire Haynesville gathering and processing assets of Quantum Energy-backed Trace Midstream for $950m.

Williams, an American energy company, agreed to acquire Haynesville gathering and processing assets of Quantum Energy-backed Trace Midstream, a provider of midstream energy services, for $950m. “Williams continues to increase scale and connectivity in the best and most efficient natural gas basins, and these transactions with Trace, Rockcliff and Quantum represent an important extension of our natural gas-focused strategy. We are excited for the opportunity to help Rockcliff continue their success and connect them to growing markets with Quantum as our new partner in LEG. Importantly, this is going to be the flagship of our low carbon wellhead to water venture, proving up what an important role natural gas can play in reducing emissions, lowering costs and providing secure reliable energy here and around the world," Alan Armstrong, Williams President and CEO.