Williams Seals $5.5B Momentum Deal, Bolsters Gulf Coast Presence
Williams has completed its $5.5 billion acquisition of Momentum Midstream, expanding its presence in the Haynesville natural gas basin.
The deal includes approximately $3.5 billion in cash and debt consideration, as well as around $2 billion in Williams equity.
Momentum brings over 4,000 miles of pipeline, more than 1 million dedicated acres, and 6 billion cubic feet per day of gas gathering capacity to the table.
The acquisition gives Williams a larger role in moving Haynesville gas toward key demand centers along the Gulf Coast.