Williams completed the acquisition of NorTex Midstream from Tailwater Capital for $423m.

Williams, a company with operations across the natural gas value chain, completed the acquisition of NorTex Midstream, a fully contracted natural gas pipeline and storage asset located in north Texas, from Tailwater Capital, a growth-oriented energy and growth infrastructure private equity firm, for $423m. “Serving one the fastest growing population centers in the United States, this irreplaceable natural gas infrastructure is critical to bridging the gap between limited supplies and periods of peak demand, while supporting the viability of intermittent renewables like solar and wind. During the extreme cold of Winter Storm Uri, the NorTex pipeline and storage facilities reliably provided gas to residential customers and electric power plants throughout the entire storm. We see significant upside to integrating these assets, especially when combined with our existing transmission and storage capabilities,” Alan Armstrong, Williams President and CEO.