Williams Acquires Natural Gas Pipeline And Storage Assets Serving High-Growth Demand In Dallas-Fort Worth Metroplex
Acquiring Company
Williams Companies
Acquired Company
Storage
Tulsa
United KingdomEnergyOil And GasReal EstateDescription
Williams (NYSE: WMB) today announced that it has acquired NorTex Midstream, a fully contracted natural gas pipeline and storage asset located in north Texas, from an affiliate of Tailwater Capital. The $423 million transaction, which closed on August 31, 2022, 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.
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Frequently asked
Who acquired Storage?
Storage was acquired by Williams Companies, based in Tulsa. The deal was reported on September 8, 2022. Williams Companies, Inc. is an energy infrastructure company focused on natural gas processing and transportation. Williams Companies is publicly traded (WMB) and operates in Energy.
When did Williams Companies acquire Storage?
Williams Companies's acquisition of Storage was reported on September 8, 2022. Williams (NYSE: WMB) today announced that it has acquired NorTex Midstream, a fully contracted natural gas pipeline and storage asset located in north Texas, from an affiliate of Tailwater Capital. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Storage do?
Find a self storage facility near you, with cheapest quote finding and reviews for self storage across the UK. It is privately held, and is based in United Kingdom.
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