Williams announced it has closed its acquisition of Momentum Midstream in a transaction valued at approximately $5.5 billion, expanding the company’s integrated natural gas infrastructure platform in the Haynesville to serve growing Gulf Coast LNG, power and industrial demand.
The transaction includes approximately $3.5 billion of cash and debt consideration and roughly $2 billion of Williams’ equity.
Momentum’s Haynesville platform adds more than 4,000 miles of pipe, over 1 million dedicated acres, 6 Bcf/d of gathering capacity, multiple processing and treating facilities and three take-or-pay pipelines with 4.05 Bcf/d of transportation capacity. The acquisition expands Williams’ presence in the nation’s fastest growing natural gas supply basin, strengthening connectivity between premier supply and growing demand while creating opportunities for future expansions in addition to the two already announced…