‘With the acquisition now complete, Williams has established a premier Haynesville position that strengthens our ability to serve rapidly growing LNG, power and industrial demand along the Gulf Coast’.
Williams Companies Inc has consummated its cash-and-stock purchase of M6 Midstream LLC (Momentum Midstream) from EnCap Flatrock Midstream LP for around $5.5 billion.
“With the acquisition now complete, Williams has established a premier Haynesville position that strengthens our ability to serve rapidly growing LNG, power and industrial demand along the Gulf Coast”, Williams president and chief executive Chad Zamarin said in an online statement. “Momentum brings a high-quality customer base, durable take-or-pay contracts and complementary infrastructure that provides a growth platform to advance our natural gas-focused strategy. We are pleased to welcome Momentum employees to Williams”…