Williams Acquires Texas Natural Gas Pipeline for $423 Million

摘要

Williams acquired NorTex Midstream, a fully contracted natural gas pipeline and storage asset located in north Texas, from an affiliate of Tail water Capital. The $423 million transaction includes approximately '80 miles of natural gas transmission pipelines and 36 Bcf of natural gas storage in the Dallas-Fort Worth market. The NorTex assets provide critical service to approximately 4 GW of gas fired power generation, enabling Texas energy providers to successfully meet peak demands. In addition to providing critical gas supply to power generation in north Texas, these assets also position Williams to provide storage services for Permian gas directed toward growing Gulf Coast LNG demand.