Williams closes USD 5.5 billion acquisition of Momentum Midstream - WMB News | RalliesWilliams closes USD 5.5 billion acquisition of Momentum Midstream
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WMB• Williams completes Momentum Midstream acquisition
- Williams closed its acquisition of Momentum Midstream in a transaction valued at about $5.5 billion.
- Consideration included about $3.5 billion of cash and debt, with roughly $2 billion paid in Williams equity.
- The deal expands Williams’ natural gas infrastructure footprint in the Haynesville to supply Gulf Coast LNG, power, industrial demand.
- Momentum adds more than 4,000 miles of pipeline, about 6 Bcf/d of gathering capacity, with 4 Bcf/d of take-or-pay transport.
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