Williams Partners LP
From Wikimarcellus
Tulsa, Oklahoma-based Williams Partners LP (NYSE: WPZ) is a master limited partnership (LP) formed by The Williams Companies, Inc. Williams is general partner in the LP. It has two principal business segments:
- Gas pipeline
- Midstream Gas and Liquids
The partnership owns Williams Transco among other midstream assets.
A news item appeared in November, 2010 regarding a deal between Williams Partners and Cabot Oil and Gas Corp to acquire the Cabot's Marcellus shale pipeline assets in Susquehanna County. Williams purchased 75 miles of gathering pipeline and two compressor stations from the latter company. It planned to invest $150 million more on gathering facilities to build out the assets it had acquired. The deal included a 25 year, long-term agreement for Williams to transport all of Cabot's Marcellus shale gas in northeastern Pennsylvania.
- Alan Armstrong is Senior Vice President of Williams Partners’ midstream business segment.