Williams Lands Momentum Midstream in $5 Billion Deal

Tulsa-based Williams has agreed to buy Momentum Midstream in a $5 billion deal. The acquisition will expand Williams' presence in the Haynesville shale basin, a major supplier of natural gas to Gulf Coast LNG terminals.

The company cited growing demand for LNG exports, power generation, and industrial users along the U.S. Gulf Coast as a key reason behind the purchase. This demand is driven by booming oil and gas output in the Permian Basin and increasing natural gas use from AI operations, cryptocurrency mining, and data centers.

The deal includes $3.5 billion in cash and assumed debt, as well as roughly $2 billion in Williams stock. It will add over 4,000 miles of pipelines, more than 1 million dedicated acres, and gathering, processing, and transportation assets with a combined capacity of about 6 billion cubic feet of gas per day.

Williams also announced the $1.5-billion Delta Access pipeline and the 750-mmcfd Shelby Trough Connector, both of which are expected to come online in the next few years. The company's shares rose around 2% in extended trading following the announcement.