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Oil & Gas Equipment & Services M&A image Oil & Gas Equipment & Services M&A » By The Online Investor Staff, updated Wed., Sep. 23, 7:10 AM Recent mergers and acquisitions in the Oil & Gas Equipment & Services M&A category.

Slide #17. Williams Partners L.P. Williams' Canada operations

Acquirer: Williams Partners L.P. (WPZ)
Acquiree: Williams' Canada operations
Details: Williams Partners L.P. announced that it has signed an agreement to acquire Williams' currently in-service Alberta, Canada operations for $1.2 billion (USD). The parties plan to close the transaction on Feb. 28. The assets include an oil sands offgas processing plant near Fort McMurray, approximately 260 miles of NGL and olefins pipelines, as well as an NGL/olefins fractionation facility and butylene/butane splitter facility at Redwater. Williams Partners also acquired an in-progress expansion project at the Redwater facility. The expansion will provide additional fractionation business to Williams Partners related to development of offgas processing at the CNRL Horizon upgrader facility retained by Williams.

Williams Partners is an energy infrastructure company that engaged in the gathering, processing and interstate transportation of natural gas and natural gas liquids. Co. operates in four business segments: Northeast G&P, which include natural gas gathering, compression, processing and NGL fractionation business in the Marcellus and Utica Shale regions; Atlantic-Gulf, which includes the Transco interstate natural gas pipeline that extends from the Gulf of Mexico to the eastern seaboard; West, which includes the Northwest Pipeline interstate natural gas pipeline; and natural gas liquids & Petchem Services, which operates an ethylene storage hub.

Open the WPZ Page at The Online Investor »

Company Name: 
Williams Partners LP (New)
Website: 
www.williamslp.com
Sector: 
Oil & Gas Equipment & Services
 

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