Williams forms $3.8B joint venture in Marcellus, Utica shale plays
Wednesday, June 26, 2019
Williams, an energy infrastructure company headquartered in Oklahoma, recently completed the formation of a $3.8 billion joint venture with the Canada Pension Plan Investment Board, according to Oil & Gas 360.
The Canada Pension Plan Investment Board will trade $1.33 billion for a 35% ownership in Williams’ pipeline systems, including the Ohio Valley Midstream system in the western Marcellus and the Utica East Ohio Midstream system in the Utica shale play.
Williams will retain a 65% ownership interest and operate the combined business.
Learn more: Oil & Gas 360 > Williams Trades 35% Stake in Pipelines for $1.33 Billion
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