Williams Partners to buy Canadian assets from Williams for $1.2 billion

Williams Partners LP, Tulsa, has agreed to acquire Williams Cos. Inc.’s Alberta operations for $1.2 billion. The transaction is expected to close Feb. 28. Williams currently owns 64% of Williams Partners, including general partner interest.

The assets include an oil sands offgas processing plant near Fort McMurray, 260 miles of NGL and olefins pipelines, and an NGL-olefins fractionation facility and butylene-butane splitter facility at Redwater.

Williams Partners also will buy an in-progress Redwater facility expansion project, which provides additional fractionation business to Williams Partners related to development of offgas processing at the CNRL Horizon upgrader facility retained by Williams.

Williams Partners said operating results from the assets are expected to contribute distributable cash flow to the company of $135-160 million during the remainder of the year and $200-240 million next year.

Williams Partners owns most of Williams’ interstate gas pipeline and domestic midstream assets. Williams also owns Canadian operations and certain US olefins pipelines assets, as well as an investment in Access Midstream Partners LP, a midstream natural gas services provider.

Williams Partners in 2012 purchased 83% undivided interest owned by Williams in its Geismar, La., olefins production plant. Williams Partners also paid more than $2.2 billion for Williams’ refinery-grade propylene splitter and $100 million for pipelines along the Gulf Coast (OGJ Online, Nov. 5, 2012).

Six years earlier, Williams Partners acquired 25.1% interest in Williams’ Four Corners LLC subsidiary, an integrated gas gathering and processing system, for $360 million (OGJ Online, Apr. 10, 2006).

In 2002, Williams Partners bought Williams Pipe Line Co.—then-6,747 miles of pipeline delivering petroleum products to 11 Midwestern states—from Williams for $900 million (OGJ Online, Mar. 21, 2002).

Related Articles

Simonette gas plant upset led to Alliance mainline closure, Keyera says

08/07/2015 Complications resulting from an operational upset at Keyera Corp.’s Simonette gas plant, located 57 miles southwest of Valleyview, Alta., have caus...

Senate confirms Dominguez as PHMSA’s administrator

08/07/2015 The US Senate confirmed Marie Therese Dominguez’s appointment as administrator of the US Pipeline and Hazardous Materials Administration by unanimo...

EIA: US refinery inputs hit record high

08/07/2015 Gross inputs to US refineries exceeded 17 million b/d in each of the past 4 weeks, according to the US Energy Information Administration. That's a ...

Moody’s trims crude oil price assumptions

08/07/2015 Crude oil prices will be mostly unchanged in the second half of 2015 and rise slowly in 2016, Moody’s Investors Service said while trimming its exp...

BHI: Boosted by another gain in oil rigs, total US rig count rises 10 units

08/07/2015 The overall US drilling rig count gained 10 units during the week ended Aug. 7 to reach a total of 884 rigs working, according to data from Baker H...

Alliance Pipeline shuts down mainline system

08/07/2015 Alliance Pipeline LP of Calgary said it shut down its 1.6 bcfd mainline system in Western Canada late Aug. 6 because of a release of hydrogen sulfi...

Tax scheme, weak ruble help Russian majors

08/07/2015 Tax mechanisms and a weak ruble helped Russia’s major oil companies maintain and in some cases improve ruble-denominated profitability in the first...

Yankowsky named executive VP, COO of Magnum Hunter

08/07/2015 Magnum Hunter Resources Corp. has appointed Keith Yankowsky as executive vice-president and chief operating officer, effective Sept. 1. He wil...

Lukoil gets $1 billion in financing for Shah Deniz in Azerbaijan

08/07/2015 JSC Lukoil has signed an agreement with a consortium of banks to borrow $1 billion for the second stage of the Shah Deniz natural gas project offsh...
White Papers

UAS Integration for Infrastructure: More than Just Flying

Oil and gas companies recognize the benefits that the use of drones or unmanned aerial systems (UAS) c...

Solutions to Financial Distress Resulting from a Weak Oil and Gas Price Environment

The oil and gas industry is in the midst of a prolonged worldwide downturn in commodity prices. While ...
Sponsored by

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by
Available Webcasts


Operating a Sustainable Oil & Gas Supply Chain in North America

When Wed, Oct 7, 2015

Short lead times and unpredictable conditions in the Oil & Gas industry can create costly challenges in supply chains. By implementing a LEAN culture of continuous improvement you can eliminate waste, increase productivity and gain end-to-end visibility leading to a sustainable and well-oiled supply chain.

Please join us for this webcast sponsored by Ryder System, Inc.

register:WEBCAST


The Resilient Oilfield in the Internet of Things World

When Tue, Sep 22, 2015

As we hear about the hype surrounding the Internet of Things, the oil and gas industry is questioning what is different than what is already being done. What is new?  Using sensors and connecting devices is nothing new to our mode of business and in many ways the industry exemplifies many principles of an industrial internet of things. How does the Internet of Things impact the oil and gas industry?

Prolific instrumentation and automation digitized the industry and has changed the approach to business models calling for a systems led approach.  Resilient Systems have the ability to adapt to changing circumstances while maintaining their central purpose.  A resilient system, such as Maximo, allows an asset intensive organization to leverage connected devices by merging real-time asset information with other critical asset information and using that information to create a more agile organization.  

Join this webcast, sponsored by IBM, to learn how about Internet of Things capabilities and resilient systems are impacting the landscape of the oil and gas industry.

register:WEBCAST



On Demand

Taking the Headache out of Fuel License and Exemption Certificates: How to Ensure Compliance

Tue, Aug 25, 2015

This webinar, brought to you by Avalara, will detail the challenges of tax document management, as well as recommend solutions for fuel suppliers. You will learn:

-    Why it’s critical to track business partner licenses and exemption documents
-    The four key business challenges of ensuring tax compliance through document management
-    Best practice business processes to minimize exposure to tax errors

register:WEBCAST


Driving Growth and Efficiency with Deep Insights into Operational Data

Wed, Aug 19, 2015

Capitalizing on today’s momentum in Oil & Gas requires operational excellence based on a clear view of what your business data is telling you. Which is why nearly half* of oil and gas companies have deployed SAP HANA or have it on their roadmap.

Join SAP and Red Hat to learn more about using data to drive process improvements and identify new opportunities with the SAP HANA platform running on Red Hat Enterprise Linux. This webinar will also show how your choice of infrastructure impacts the performance of core business applications and your ability to achieve data-driven insights quickly and reliably.

*48% use SAP, http://go.sap.com/solution/industry/oil-gas.html

register:WEBCAST


Emerson Micro Motion Videos

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