Monday, July 30, 2018

Williams Cos Enters The DJ; Exits The Four Corners Area -- July 30, 2018

Link at Oil & Gas Journal.
In two separate midstream transactions, Williams Cos. Inc., Tulsa, has entered Colorado’s Denver-Julesburg (DJ) basin and exited Williams Partners LP from the Four Corners Area (FCA) in New Mexico and Colorado.
Williams and KKR, joint venture, will purchase Discovery DJ Services, Dallas from TPG Growth
  • $1.73 billion
  • WMS: operator; own 40%; over time will get to 50%
  • KKR: 60%
  • Niobrara and Codell stacked-pay zones
  • Weld and Adams counties in Colorado
  • 130 miles of gas pipeline
  • 60 million cf/d (at Reuters)
  • plus much more  
Four Corners Area:
  • will sell Harvest Midstream Co to Hilcorp Energy Co
  • $1.125 billion
  • 3,700 miles of pipeline
  • 1.8 bcfd 

Just one of a hundred things I miss about North Dakota. Photo of the day.

This is what Sophia would be doing if she lived south of Bowman, ND. Wow, what a great photo.

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