Williams closes merger with gas infrastructure group Access Midstream

Williams, Williams Partners L.P. and Access Midstream Partners L.P. have announced the closing of the merger between Williams Partners and Access Midstream Partners.

As part of the completion of the merger, Access Midstream Partners changed its name to Williams Partners L.P. and its units will trade under the symbol “WPZ” beginning Feb. 3.

Williams is a provider of large-scale infrastructure to connect North American natural gas and natural gas products to growing demand for cleaner fuel and feedstocks.

 “With this merger, we’ve created a large-scale MLP with assets that connect natural gas and natural gas products with growing markets,” said Alan Armstrong, CEO of Williams Partners' general partner. "The new Williams Partners generates additional strength in our business, more opportunities for our customers and increased value for our investors.”

 The acquisition of Access Midstream Partners and the subsequent merger with Williams Partners enhances Williams’ exposure to key production basins in North America, combining Access Midstream’s experience in the gathering and processing function with Williams’ capabilities across the broader natural gas value chain.

 Williams now features large-scale positions across three key components of the midstream sector.

• Natural gas pipelines like Northwest, Gulfstream and Transco, the nation’s largest and fastest-growing pipeline system, represent the premier interstate pipeline network.
  
  
• Gathering and processing within large-scale positions in growing natural-gas supply areas in major shale and unconventional producing areas, including the Marcellus, Utica, Piceance, Four Corners, Wyoming, Eagle Ford, Haynesville, Barnett, Mid-continent and Niobrara. Additionally, the business includes oil and natural gas gathering services in the deepwater Gulf of Mexico.
  
  
• For natural gas liquids and petrochemical services, a unique downstream presence on the Gulf Coast and in western Canada provides differentiated long-term growth.

Williams Partners is based in Tulsa, Okla. with major offices in Oklahoma City, Houston, Pittsburgh, Salt Lake City and Calgary. Williams owns the general partner of and controlling interest in Williams Partners.

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