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Williams swaps Delaware Basin assets for Western Gas Marcellus assets

Feb. 09, 2017 5:25 PM ETWilliams Partners L.P. (WPZ) StockBy: Carl Surran, SA News Editor3 Comments
  • Williams Partners (NYSE:WPZ) agrees to acquire interests in two Marcellus Shale gathering systems from Western Gas Partners (WES); in exchange, WES will acquire WPZ's 50% non-operated interest in the assets of the Delaware Basin JV natural gas gathering system.
  • WPZ says the deal will increase its ownership interest to 67.5% in both the Rome and Liberty gathering systems that are operated by WPZ; current throughput on the two gathering systems is ~1.6B cf/day.
  • WES is operator and currently holds a 50% interest in DBJV's assets, which consist of a 577-mile natural gas gathering system serving Anadarko Petroleum (APC) and third party producers.
  • In a separate deal, WPZ also agrees to sell its one-third interest in the Ranch Westex gas processing plant in the Delaware Basin to APC for $45M.

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