Announced
Completed
Financials
Tags
United States
natural gas wells
Acquisition
Private
Private Equity
Friendly
Majority
Single Bidder
Domestic
Integrated Oil and Gas
Completed
Synopsis
Williams, an energy infrastructure company that provides transport, storage, and delivery solutions, completed the acquisition of a portfolio of natural gas storage assets from Hartree Partners, a global merchant commodities firm, for $1.95bn. “Demand for natural gas has greatly outpaced natural gas storage capacity since 2010, demonstrating the intrinsic value this well-connected and strategically located Gulf Coast storage portfolio brings to our transportation network as we serve growing demand driven by LNG exports and power generation,” Alan Armstrong, Williams President and CEO.
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