Williams Partners to get Four Corners stake

By OGJ editors
HOUSTON, Apr. 10 -- Williams Partners LP, Tulsa, plans to acquire a 25.1% interest in parent Williams Cos. Inc.'s Four Corners LLC subsidiary, an integrated gas gathering and processing system.

The $360 million transaction, subject to standard closing conditions, is expected to close during the second quarter.

Assets of the Four Corners system include:

-- A 3,500-mile gas gathering system in the San Juan basin of New Mexico and Colorado with 2 bcfd of capacity.

-- The Ignacio gas processing plant in Colorado and the Kutz and Lybrook gas processing plants in New Mexico. The three plants combined have 760 MMcfd of processing capacity.

-- The Milagro and Esperanza gas treating plants in New Mexico, which are designed to remove carbon dioxide from up to 750 MMcfd of natural gas.

Williams Partners LP gathers, transports, and processes gas and fractionates and stores gas liquids. The general partner is Williams Partners GP LLC.

Related Articles

DOE to store CO2, recover CBM simultaneously

08/06/2008 In a new program, the US Department of Energy and its Southwest Regional Partnership recently began to inject carbon dioxide into a large coal bed ...

XTO acquires $1 billion in properties, leasehold

02/22/2008 In more than 25 transactions, Fort Worth independent XTO Energy has entered into agreements with various parties to acquire producing properties in...

Plains E&P to acquire Pogo in $3.6 billion deal

07/17/2007 Plains Exploration & Production Co. has agreed to acquire Pogo Producing Co. in a cash and stock deal valued at $3.6 billion.

CNX Gas to buy Peabody's CBM, gas rights

06/14/2007 CNX Gas Corp., Pittsburgh, is buying the coalbed methane and gas interests of Peabody Energy Corp., St. Louis, for $66.5 million.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected