Williams, Williams Partners LP and Access Midstream Partners, LP have announced the closing of the merger between Williams Partners and Access Midstream Partners. As part of the completion of the merger, Access Midstream Partners changed its name to Williams Partners L.P. and its units will trade under the symbol 黑料社淲PZ黑料社� beginning on 3 February.
黑料社淎s intended with this merger, we黑料社檝e created an industry-leading, large-scale MLP with best-in-class assets that connect natural gas and natural gas products with growing markets,黑料社� said Alan Armstrong, Chief Executive Officer of Williams Partners' general partner.聽
"The new Williams Partners generates additional strength in our business, more opportunities for our customers and increased value for our investors. We黑料社檙e pleased to have reached this milestone as we strive to meet North America黑料社檚 critical need for energy infrastructure.黑料社�
Williams黑料社� acquisition of Access Midstream Partners and the subsequent merger with Williams Partners enhances Williams黑料社� exposure to key production basins in North America. The merger combines the depth of Access Midstream黑料社檚 expertise in the gathering and processing function with the breadth of Williams黑料社� capabilities across the broader natural gas value chain. Williams Partners now features large-scale positions across three key components of the midstream sector, including:
- Natural gas pipelines 黑料社� Transco, Northwest and Gulfstream represent the nation黑料社檚 premier interstate pipeline network. Transco is the nation黑料社檚 largest and fastest-growing pipeline system.
- Gathering and processing 黑料社� Large-scale positions in growing natural-gas supply areas in major shale and unconventional producing areas, including the Marcellus, Utica, Piceance, Four Corners, Wyoming, Eagle Ford, Haynesville, Barnett, Mid-continent and Niobrara. Additionally, the business includes oil and natural gas gathering services in the deepwater Gulf of Mexico.
- Natural gas liquids and petrochemical services 黑料社� Unique downstream presence on the Gulf Coast and in western Canada provides differentiated long-term growth.
Williams Partners is based in Tulsa, Oklahoma. with major offices in Oklahoma City, Houston, Pittsburgh, Salt Lake City and Calgary. Williams owns the general partner of and controlling interest in Williams Partners. Alan Armstrong and Donald Chappel serve the merged MLP as its general partner黑料社檚 Chief Executive Officer and Chief Financial Officer, respectively.
Williams and Williams Partners intend to provide updated financial guidance on or before 18 February.
Adapted from press release by