Williams to buy Momentum Midstream for up to $5.5 billion - WMB News | RalliesWilliams to buy Momentum Midstream for up to $5.5 billion
W
WMB• Williams agrees to acquire Momentum Midstream
- Williams agreed to buy Momentum Midstream (M6) from EnCap Flatrock for up to USD 5.5 billion.
- Consideration includes USD 3.5 billion in cash and debt consideration, supported by about USD 2 billion of Williams equity.
- M6 operates more than 4,000 miles of natural gas gathering and transmission pipelines across the Gulf Coast.
- System capacity totals about 6 Bcf/d, serving more than 140 customers, including industrial users, power plants, and LNG facilities.
- Deal remains subject to regulatory approval and customary closing conditions.
•
