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Williams Companies, Inc.

Company Summary

Description

roducts to growing demand for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams owns approximately 74 percent of Williams Partners L.P. (NYSE: WPZ). Williams Partners is an industry-leading, large-cap master limited partnership with operations across the natural gas value chain including gathering, processing and interstate transportation of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams Partners owns and operates more than 33,000 miles of pipelines system wide – including the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use.

Website

http://co.williams.com/

Financial Data:

NYSE:WMB from Google Finance

Tickers:

  • WMB - New York Stock Exchange

Related Entities

Recent news

  • 2/14/2024 - Williams Provides Update... (subscriber access)
  • 2/14/2024 - Williams LEG Pipeline... (subscriber access)
  • 2/14/2024 - Williams Expects Uinta... (subscriber access)
  • 2/14/2024 - Williams Highlights... (subscriber access)
  • 2/14/2024 - Williams Guiding for... (subscriber access)

Investor Presentations

  • 1Q22 Earnings Presentation
  • 3Q21 Investor Presentation (subscriber access)
  • 2Q21 Earnings Presentation (subscriber access)
  • 1Q21 Earnings Presentation (subscriber access)
  • 3Q20 Investor Presentation (subscriber access)
  • 2019 Analyst Day Presentation (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 1Q19 Investor Presentation (subscriber access)
  • 4Q18 Earnings Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • Williams Analyst Day – May 2018 (subscriber access)
  • 1Q18 Earnings Call Presentation (subscriber access)
  • Fourth Quarter 2017 Earnings Presentation (subscriber access)
  • September 2017 Barclays Presentation (subscriber access)
  • 3Q17 Earnings Presentation (subscriber access)
  • 2Q17 Earnings Call (subscriber access)
  • 1Q17 Investor Presentation (subscriber access)
  • Sept. 2016 - Barclays CEO Energy-Power Conference (subscriber access)
  • 2Q16 Earnings Presentation (subscriber access)

Company Transactions

Date: 5/15/2022
Type: Acquisition

BUYERS:
  • Williams Companies, Inc.
    • SELLERS:
  • Trace Midstream
  • Quantum Energy Partners
    • DETAILS:

    COST: 950 $MM

    NOTES:
    Williams has acquired Haynesville natural gas gathering and processing assets from Trace Midstream for $950 million. Trace is a portfolio company of Quantum Energy Partners. The deal will increase Williams G&P footprint in the region to 1.8 Bcf/d and 4 Bcf/d, respectively. Closing is planned for 2Q22.
    REGIONS:
  • Haynesville-Bossier Shale

    • Date: 9/30/2021
    Type: Acquisition

    BUYERS:
  • Williams Companies, Inc.
    • SELLERS:
  • Sequent Energy Management, LP
    • DETAILS:

    COST: 50 $MM

    NOTES:
    Williams has reached a deal to acquire Sequent Energy Management for $50 million plus working capital, with the deal closing by 3Q21. This expanded their marketing footprint to >8 Bcf/d.
    REGIONS:
  • Lower 48

    • Date: 7/6/2021
    Type: Joint Venture

    BUYERS:
  • Williams Companies, Inc.
  • Crowheart Energy
    • DETAILS:

    ACRES: 1200000 Acres

    NOTES:
    Williams has finalized an upstream joint venture alongside Crowheart Energy to develop the Wamsutter Field of the Greater Green River Basin in Wyoming. The JV will be 75% Williams and 25% Crowheart, spanning 1.2 million net acres, 3,500 operating wells and 3,000 potential development locations.
    REGIONS:
  • Green River Basin

    • Date: 7/25/2019
    Type: Acquisition

    BUYERS:
  • Williams Companies, Inc.
    • SELLERS:
  • Shell plc.
  • CNOOC Ltd.
    • ASSETS:
  • Norphlet Gas Gathering System
    • DETAILS:
    REGIONS:
  • Gulf of Mexico

    • Date: 6/17/2019
    Type: Acquisition

    BUYERS:
  • Canada Pension Plan Investment Board
    • SELLERS:
  • Williams Companies, Inc.
    • ASSETS:
  • Utica East Ohio System (UEO)
  • Ohio Valley Midstream System
    • DETAILS:

    COST: 1.34 $B

    NOTES:
    Williams has signed transactions with Canada Pension Plan Investment Board to establish a joint venture in the western Marcellus & Utica basins. The deal includes Williams' Ohio Valley Midstream System, the Utica East Ohio Midstream System, in which CPPIB will invest $1.34 billion for a 35% stake in the joint venture.
    REGIONS:
  • Utica
  • Marcellus Shale

    • Date: 4/9/2019
    Type: Acquisition

    BUYERS:
  • Crestwood Corp
    • SELLERS:
  • Williams Companies, Inc.
    • ASSETS:
  • Jackalope Gathering System
  • Bucking Horse Natural Gas Processing Plant
    • DETAILS:

    COST: 485 $MM

    NOTES:
    Crestwood acquired Williams' 50% interest in their joint venture, Jackalope Gas Gathering Services LLC, for roughly $485 million.
    REGIONS:
  • Powder River Basin

    • Date: 3/18/2019
    Type: Acquisition

    BUYERS:
  • Williams Companies, Inc.
    • SELLERS:
  • Momentum Midstream
    • ASSETS:
  • Utica East Ohio System (UEO)
    • DETAILS:
    NOTES:
    Williams has purchased the remaining 38% stake in the Utica East Ohio system from Momentum Midstream.
    REGIONS:
  • Utica

    • Date: 11/30/2018
    Type: Acquisition

    BUYERS:
  • Easton Energy
    • SELLERS:
  • Williams Companies, Inc.
    • ASSETS:
  • Texas Belle Pipeline
  • Live Oak Pipeline System
  • Purity Pipeline System
    • DETAILS:

    COST: 177 $MM

    NOTES:
    Williams reported the sale of certain pipeline systems located in the Gulf Coast area to Easton Energy LLC for $177 million, closing on November 30, 2018. The transaction includes the 31-mile Texas Belle Pipeline, the Purity Pipeline System, certain assets in the Live Oak Pipeline System, and additional idle pipelines located along the Gulf Coast.
    REGIONS:
  • Gulf Coast

    • Date: 9/15/2018
    Type: Acquisition

    BUYERS:
  • Harvest Pipeline Company
  • Harvest Midstream Company
    • SELLERS:
  • Williams Companies, Inc.
  • Williams Partners L.P.
  • Williams Four Corners LLC
    • ASSETS:
  • Williams Four Corners LLC
    • DETAILS:

    COST: 1125 $MM

    VOLUMES: 1.8 Bcf/d

    NOTES:
    The Four Corners assets being sold include 3,700-miles of pipeline, two processing plants and one CO2 treating facility. The system has a total inlet capacity of 1.8 Bcf/d and is centered around San Juan and Rio Arriba Counties, New Mexico and La Plata County, Colorado.
    REGIONS:
  • San Juan Basin

    • Date: 8/15/2018
    Type: Acquisition

    BUYERS:
  • Kohlberg Kravis Roberts & Co. L.P. (KKR)
  • Williams Companies, Inc.
    • SELLERS:
  • TPG Growth
  • Discovery DJ Services LLC
    • ASSETS:
  • Fort Lupton Natural Gas Processing Plant
  • Discovery DJ System
    • PROJECTS:
  • Discovery DJ Basin Gathering System Expansion
  • Discovery DJ Basin Natural Gas Processing Plant
  • Fort Lupton Natural Gas Processing Plant III
    • DETAILS:

    COST: 1173 $MM

    NOTES:
    Williams will serve as operator and hold 40% ownership while KKR holds the other 60% stake via a joint venture. Williams will then provide growth capital which will allow them to boost their stake to 50%, and they have the option to acquire KKR's entire ownership stake within six-years of close. The current Discovery system includes 60 Mmcf/d in active processing capacity and another 200 Mmcf/d scheduled for completion in 2018, 130-miles of natural gas pipeline, 260,000 dedicated acres for the gas business and another 60,000 dedicated acres for oil gathering.
    REGIONS:
  • DJ Basin

    • Date: 5/17/2018
    Type: Merger

    BUYERS:
  • Williams Companies, Inc.
    • SELLERS:
  • Williams Partners L.P.
    • DETAILS:

    COST: 10.5 $B

    REGIONS:
  • North America

    • Date: 1/13/2017
    Type: Acquisition

    BUYERS:
  • Williams Companies, Inc.
    • SELLERS:
  • Williams Partners L.P.
    • DETAILS:

    COST: 11.4 $B

    NOTES:
    Williams Companies announced an agreement under which Williams will hold approximately 660 million common units of Williams Partners, thereby increasing its stake in the MLP to 72 percent, up from 60 percent.
    REGIONS:
  • United States

    • Date: 12/31/2016
    Type: Acquisition

    BUYERS:
  • Inter Pipeline Ltd
    • SELLERS:
  • Williams Partners L.P.
  • Williams Companies, Inc.
    • DETAILS:

    COST: 1.35 $B

    NOTES:
    Williams and Williams Partners have agreed to sale their Canadian business to Inter Pipeline in a deal valued at $1.35 billion.
    REGIONS:
  • Canada

    • Date: 9/15/2016
    Type: Merger

    BUYERS:
  • Energy Transfer LP
    • SELLERS:
  • Williams Companies, Inc.
    • DETAILS:

    COST: 38 $B

    REGIONS:
  • United States