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Stock impact report

Williams Announces Upstream Operator and Joint Venture in the Wamsutter Field

Williams Companies, Inc. (The) (WMB) 
Last williams companies, inc. (the) earnings: 2/19 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.williams.com
Company Research Source: Business Wire
Joint venture with Crowheart Energy transitions the upstream asset to a proven operator, enhances utilization of Williams’ midstream infrastructure, creates operating efficiencies, and positions the Wamsutter Field for growth TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that it has finalized an upstream joint venture with Crowheart Energy (Crowheart) in the Wamsutter Field of the Greater Green River Basin of Wyoming. The joint venture involves the consolidation of three legacy operating assets consisting of over 1.2 million net acres, over 3,500 operating wells, and more than 3,000 potential development locations. The transaction consolidates the legacy BP, Southland and Crowheart upstream assets into one contiguous footprint, delivering operational cost savings and synergies, while unlocking significant long lateral development inventory. Williams’ strategic efforts to combine the Wamsutter Field reserves will enhance the value of its midstream and downstrea Show less Read more
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