Williams Partners acquires additional interest in UEO

Williams Partners L.P. has announced that its subsidiary Utica Gas Services has successfully completed the previously announced acquisition of approximately 13% of additional equity interest in Utica East Ohio Midstream LLC (UEO) from a subsidiary of EV Energy Partners, L.P. for approximately US$357 million.

With this acquisition, Williams Partners has increased its equity interest in UEO from 49 - 62%. UEO is a substantial natural gas midstream business in the Utica Shale in eastern Ohio. The gathering, processing, fractionation and storage assets are anchored by long-term, fee-based contracted commitments.

“We are very pleased to expand our ownership position in this valuable asset in the Utica,” said Alan Armstrong, chief executive officer of Williams Partners’ general partner. “UEO has experienced consistent volume growth and we see attractive growth opportunities as the Utica continues to develop.”

Simultaneous with the Williams Partners transaction, the other member of UEO acquired approximately 8% of additional equity interest in UEO.

Adapted from press release by Hannah Priestley-Eaton

Published on 11/06/2015


Get your FREE Oilfield Technology magazine »

Get your FREE trial of Hydrocarbon Engineering magazine »

Get your FREE trial of World Pipelines magazine »


 
 

Related articles

Williams brings Rockaway pipeline online

Williams Cos. Inc. has put its Rockaway Delivery Lateral and Northeast Connector projects into service.

Williams announces open season for Diamond East Project

Williams has announced that it is initiating an open season for the Diamond East Project, an expansion of the Transco interstate pipeline.

Williams completes acquisition of interests in Access Midstream

Access Midstream further enhances Williams’ presence in growth basins and positions the company to take advantage of the increase in natural gas supply.

Williams Partners brings Transco Northeast Supply Link expansion into full service

Williams Partners brings Transco Northeast supply link expansion into full service on time, ahead of NE UD heating season.

Recommend magazines

  World Pipelines