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Friday, December 23, 2011

Williams Partners To Buy Laser Gathering System

Williams Partners to Buy Marcellus Lines for $750 Million

By Jim Polson

Dec. 22 (Bloomberg) -- Williams Partners LP agreed to buy pipelines connected to Pennsylvania and New York natural-gas wells from Delphi Midstream Partners LLC for about $750 million in cash and stock, adding capacity where production is rising.

Delphi, owned by American Securities LLC and its management, will get $300 million in cash and about 7.5 million common units in exchange for its Laser Gathering System, Tulsa, Oklahoma- based Williams Partners said in a statement today. More...


Anonymous said...

big gas will buy up little gas and have a monopoly and jack up prices

Anonymous said...

Bring them on to Potter County

Anonymous said...

Is this the same Williams Co. that has the station in Wharton?

Anonymous said...

Yes they have the station in wharton.

Anonymous said...

GOD bless America! This is good