Williams Closes $5.5 Billion Acquisition of Momentum Midstream

Williams has finalized its acquisition of Momentum Midstream in a deal valued at approximately $5.5 billion, expanding its integrated natural gas infrastructure platform in the Haynesville region.

The transaction includes about $3.5 billion of cash and debt consideration and roughly $2 billion of Williams' equity.

Momentum's Haynesville platform adds more than 4,000 miles of pipe, over 1 million dedicated acres, 6 Bcf/d of gathering capacity, multiple processing and treating facilities, and three take-or-pay pipelines with 4.05 Bcf/d of transportation capacity.

Williams' president and chief executive officer Chad Zamarin said the acquisition establishes a premier Haynesville position that strengthens the company's ability to serve growing LNG, power, and industrial demand along the Gulf Coast.