Midstream - Pipelines | Deals - Acquisition, Mergers, Divestitures
Williams Partners Acquires Caiman Eastern
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Williams Partners L.P. (NYSE: WPZ) has completed its previously announced acquisition of Caiman Energy’s wholly owned subsidiary, Caiman Eastern Midstream, LLC. The acquisition provides Williams Partners with a significant footprint and growth potential in the natural gas liquids-rich portion of the Marcellus Shale.
Williams (NYSE: WMB) owns approximately 68 percent of Williams Partners, including the general-partner interest.
“With the completion of this major acquisition, we’re well on our way to become the leading provider of gathering, processing and transportation solutions for producers in the Marcellus Shale,” said Alan Armstrong, chief executive officer of Williams Partners’ general partner.
The acquisition establishes Williams Partners’ new Ohio Valley Midstream business…
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