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Update: Market Chatter: Williams in Late-Stage Talks to Acquire Momentum Midstream for About $5.5 Billion

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(Updates last paragraph to note EnCap Flatrock Midstream's response.)

Williams (WMB), the Oklahoma-based energy infrastructure company, is in late-stage discussions for an approximately $5.5 billion deal for the acquisition of Momentum Midstream, the Texas-based natural gas pipeline operator, Bloomberg reported Sunday, citing undisclosed sources.

The company is negotiating the acquisition from private equity firm EnCap Flatrock Midstream in what the report termed as potentially one of its largest deals yet.

An announcement regarding the transaction could be expected in about a week, although a final decision has not been taken yet, the report said.

A deal would add to Williams' existing pipeline infrastructure comprising over 30,000 miles of pipelines, and allow the company to transport more natural gas from the Haynesville fields in east Texas and northern Louisiana to US Gulf Coast export terminals, the report said.

EnCap Flatrock Midstream declined to comment.has also reached out to Williams for a comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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