Friday, December 30, 2011

Williams To Buy Gathering Unit in the Marcellus -- Nothing To Do With The Bakken

Link here.
Williams Partners LP, Tulsa, reported it will acquire the Laser Northeast Gathering System and other midstream businesses from Delphi Midstream Partners LLC, a unit of American Securities LLC, and management, for about $750 million.

The Laser gathering system currently consists 33 miles of 16-in. natural gas pipeline and associated gathering in Susquehanna County, Pa., as well as 10 miles of gathering pipeline in southern New York.

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