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.

DJ:
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 

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Memories

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.