Tulsa pipeline giant Williams earlier this year made it crystal clear that the company was in search of “the right partner” to operate its newly acquired upstream assets in Wyo.’s Green River Basin. The strategy was equally transparent: Quickly develop those high-valued properties in the gas-rich Wamsutter Field and transition them into fee-based “customers” for Williams’ Western midstream infrastructure. Looks like they found that partner. Reese Energy Consulting today is following the latest news from Williams, which has formed a new joint venture with Denver-based Crowheart Energy. Pure player Crowheart owns 165,000 acres of leasehold across the Wamsutter where it operates more than 650 wells. Williams’ upstream assets there include two properties the company purchased from BP and Southland Royalty. The joint venture will consolidate all three operating assets into one contiguous footprint that spans 1.2+ million acres, 3,500+ operating wells, and 3,000+ potential development locations. Williams operates 3,700 miles of natural gas and NGLs pipelines in Wyo., as well as two gas processing plants.
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The Williams Companies
The Williams Companies, Inc., is an American energy company based in Tulsa, Oklahoma. Its core business is natural gas processing and transportation, with additional petroleum and electricity generation assets. A Fortune 500 company, its common stock is a component of the S&P 500.