Potential Mergers
On
December 27, 2023, Williams announced that it has reached an agreement to
acquire a portfolio of natural gas storage assets from an affiliate of Hartree
Partners LP. The transaction includes six underground natural gas storage
facilities located in Louisiana and Mississippi with total capacity of 115
billion cubic feet, as well as 230 miles of gas transmission pipeline and 30
pipeline interconnects. The transaction is expected to close in January 2024,
following satisfaction of customary closing conditions, including the
expiration or termination of any applicable waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Date Posted: Wednesday, January 3, 2024