Only four years ago, Tulsa-based Williams put itself on the auction block after rejecting an all-stock acquisition proposal from Houston-based Energy Transfer worth more than $53 billion. A number of other bidders quickly circled the wagons, including midstream giant Kinder Morgan and Spectra Energy (which was later acquired by Enbridge). Sorry, Williams wasn’t interested. Instead, the company looked inward to rev up its growth engine just as the shale revolution kicked into overdrive.

Williams Companies, Inc.

The Williams Companies, Inc., is an 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.

www.williams.com

Only four years ago, Tulsa-based Williams put itself on the auction block after rejecting an all-stock acquisition proposal from Houston-based Energy Transfer worth more than $53 billion. A number of other bidders quickly circled the wagons, including midstream giant Kinder Morgan and Spectra Energy (which was later acquired by Enbridge). Sorry, Williams wasn’t interested. Instead, the company looked inward to rev up its growth engine just as the shale revolution kicked into overdrive.

Rather than building new pipeline and processing systems right away in the newly celebrated, at-the-moment oil and gas basins, Williams stuck with its tried-and-true recipe of expansion in the areas it knew best. The company sold several smaller natural gas pipelines in the Gulf Coast and focused on its assets in the Marcellus and Utica to serve growing demand in the Mid-Atlantic, Northeastern and Southeastern U.S. Williams also looked to augment its crown jewel—the Transco Pipeline—to deliver gas from the Gulf to markets north and east. Additional growth projects quickly followed, including joint ventures, acquisitions and expansions in the DJ and Powder River basins. But the more than 10,000-mile Transco Pipeline continues to be the company’s ace in the hole.

During 3Q, Williams reported a net income of $220 million, up 71% percent compared with the same quarter last year. Its Transco system capacity is scheduled to increase from 17.2 million dekatherms to 18 million dekatherms per day in time for the 2020 winter heating season. The company also announced eliminating more than half of its methane emissions from processing plants and compressor stations since 2012. With nine more projects in the pipeline, Williams has no doubt created a midstream league all its own.

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