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Williams Expands Haynesville Gas Footprint With $5.5B Momentum Deal

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Williams Companies (WMB) completed its $5.5 billion Momentum Midstream acquisition, expanding its Haynesville natural gas platform to meet rising Gulf Coast demand, the company announced Thursday.

The deal includes about $3.5 billion in cash and debt consideration plus roughly $2 billion of Williams equity.

Momentum adds more than 4,000 miles of pipe, over 1 million dedicated acres and 6 billion cubic feet per day of gathering capacity, along with processing and treating facilities across the Haynesville.

The acquired platform also includes three take-or-pay pipelines with 4.05 Bcf/d of transportation capacity, strengthening connections between growing natural gas supplies and Gulf Coast demand.

Williams said the transaction creates opportunities for further expansion beyond the two projects it has already announced, while supporting rising demand for liquefied natural gas, power, and industrial use.

"Momentum brings a high-quality customer base, durable take-or-pay contracts and complementary infrastructure that provides a growth platform to advance our natural gas-focused strategy," said Chad Zamarin, Williams president and chief executive officer.

"With the acquisition now complete, Williams has established a premier Haynesville position that strengthens our ability to serve rapidly growing LNG, power and industrial demand along the Gulf Coast," Zamarin said.

Price: $73.51, Change: $-0.54, Percent Change: -0.73%

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