Williams

Energy Services | Williams

Williams Goes Shopping for $3B, Floating Notes to Pay Down Debt
March 2, 2015March 2, 2015

It’s not every day you go shopping…for 3 BILLION dollars. But that’s what Williams is doing. Williams recently consummated a deal to buy Access Midstream, formerly known as Chesapeake Midstream (see Big News: Williams Partners Buying Access Midstream for $6B). Although we’ve also read it was the other way round–that Access swallowed Williams. At any rate, the combined companies, with major operations in the Marcellus and Utica Shale region, have a staggering value of $50 billion (see Deal Details for Williams/Access Midstream Merger – TTV of $50B!). The wedding was Feb 2 and the happy couple need money–fast. So Williams (which is the name plate on the door) has gone shopping for $3B. They’re floating new notes (i.e. debts, or IOUs) in order to, yes, pay down older debts…
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Access Midstream Partners | Bradford County | Chesapeake Energy | Energy Companies | Energy Services | Industrywide Issues | Lease & Royalty Payments | Litigation | Pennsylvania | Williams

PA Landowners File RICO Royalty Lawsuit Against Chesapeake/Williams
February 19, 2015February 19, 2015

Along with acquiring Access Midstream (formerly Chesapeake Midstream), Williams has just acquired a brand new lawsuit. Two Bradford County, PA law firms along with a New Jersey law firm on Tuesday filed a RICO (Racketeer Influenced and Corrupt Organizations Act) lawsuit on behalf of 90 landowners in Bradford County against Chesapeake Energy and Williams Partners (because Williams is now the owner of what was Access Midstream) claiming Chessy and Williams/Access conspired to defraud landowners of royalty money by deducting post-production expenses they had no right to deduct…
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Energy Services | Industrywide Issues | Pipelines | Williams

Williams CEO Says Pipeline Opposition Equals More Coal Use
February 13, 2015February 13, 2015

In a recent interview, the CEO of Williams, Alan Armstrong, was quite candid: The problem slowing natural gas pipeline development is not the low price of oil and gas–it’s politics. Armstrong says he would prefer federal oversight, by FERC, shutting out “local voices” that muck up the works. We’re not sure we totally agree with that viewpoint. Freedom and liberty are messy things, but we understand his sentiment. Armstrong points out there’s no one “who’s in charge” when it comes to pipelines, and process which makes for endless debates and trying to reconcile innumerable opinions…
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Anti-Drilling/Fossil Fuel | Crime | Energy Services | Industrywide Issues | Lancaster County | Pennsylvania | Pipelines | Transco | Williams

Convicted Lancaster Protesters Taunt Williams After Court Date
February 9, 2015February 9, 2015

It’s kind of funny how eight anti-drillers can conflate themselves to seem as if they represent untold thousands. They get themselves arrested for a lawless act and they’re actually proud of it–like they’ve accomplished something with their lives. We’ve been following the somewhat bizarre story of the “Conestoga 8” in Lancaster County, PA who are trying to stop the Williams Atlantic Sunrise Pipeline project. One of the eight is supposedly a Native American (i.e. Indian) who goes by the name of Chief Carlos Whitewolf (see Indians on the War Path Against Pipeline in Lancaster County, PA and Indians on the Anti-Pipeline War Path – Part 2). Except his last name isn’t really Whitewolf–it’s Rivera. Huh. A “Native American” with a very Hispanic first and last name. That’s a new one. Anywho, Chief Whitewolf-Rivera is protesting on behalf of the Conestoga people–who have been extinct for generations. He’s asking the United Nations to step in and stop the pipeline, on behalf of the long-dead Conestogas (see Lancaster, PA Antis Request United Nations Interfere in Pipeline). Chief Whitewolf-Rivera and the other small band of ne’er do wells had their day in court, and then they went on a field trip to the local Williams office straight from court to see if they could get arrested again…
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Access Midstream Partners | Energy Services | Industrywide Issues | M&A | Williams

It’s Official: Williams and Access Midstream Tie the Knot
February 3, 2015February 3, 2015

Several weeks ago MDN told you that yesterday, Feb. 2, would be the big wedding day for the merger (actually takeover) of Access Midstream by Williams (see Wedding Day: Williams & Access Midstream Get Hitched on Feb 2). The wedding took place as planned and the marriage is now happily consummated. The groom was Williams (grooms are always men…pushy and domineering ya know). The bride was sweet Access Midstream, previously known as Chesapeake Midstream. Bride Access took the Williams name as of yesterday, creating a midstream behemoth whose market capitalization will come close to rivaling the country’s largest midstream company, Kinder Morgan…
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Blue Racer Midstream | Economic Impact | Energy Services | Industrywide Issues | Pipelines | Williams

Marcellus-Utica Midstream Conf: $30B of NE Infrastructure Needed
January 30, 2015January 30, 2015

Day two, and the concluding day at the Hart Energy Marcellus-Utica Midstream Conference in Pittsburgh, proved as interesting as the first day (for a day one recap, see Marcellus-Utica Midstream Conf: Marcellus is “Best of the Best”). One of the speakers on day two was Scott Williams, executive VP and chief commercial officer for Blue Racer Midstream, who spoke about his company’s processing plants in the northeast. Blue Racer’s Natrium, WV plant connects to Sunoco Logistics’ Mariner West ethane pipeline, which carts Blue Racer’s ethane to Sarnia, Ontario (Canada) and the Nova Chemicals Corunna ethane cracker. Blue Racer also operates the Berne processing plant in Monroe County, OH. According to Williams, “in excess of $30 billion worth of infrastructure still needs to be built” in the northeast. Wow! That should keep a variety of companies busy for a while. A VP from midstream giant Williams (which recently bought out Access Midstream) agrees…
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Anti-Drilling/Fossil Fuel | Crime | Energy Services | Industrywide Issues | Lancaster County | Pennsylvania | Pipelines | Williams

Indians on the Anti-Pipeline War Path – Part 2
January 20, 2015January 20, 2015

Last week MDN told you about Indian Chief Carlos Whitewolf from the Northern Arawak Tribal Nation of Pennsylvania (see Indians on the War Path Against Pipeline in Lancaster County, PA). Chief Whitewolf’s tribe doesn’t have any land in Lancaster County, PA. And there are no surviving members of the Conestoga tribe that once did have land in Lancaster County. But that hasn’t stopped Chief Whitewolf from carrying out his stated threat. The good chief warned that he would “make noise, protest and rally, block bulldozers” to prevent the Williams Atlantic Sunrise Pipeline from taversing the “sacred land” of the now-dead Conestogas. What we didn’t realize is that he’d already done so, getting himself arrested on Jan. 5…
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Energy Services | Industrywide Issues | Pipelines | Transco | Williams

Transco Pipeline Hits New Record High in January
January 20, 2015January 20, 2015

As MDN pointed out last week, Williams is spending $100 million per month in the northeast (see Williams Spending $100 million Per Month in the Marcellus/Utica). Some of that money is spent to expand/extend/enhance the might Transco pipeline–a 10,200-mile pipeline that runs from South Texas to New York City. It is one of the most important natural gas pipelines in the country. Williams recently reported the might Transco hit another new record high in early January for the amount of gas it flows…
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Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Lancaster County | Pennsylvania | Pipelines | Williams

Indians on the War Path Against Pipeline in Lancaster County, PA
January 16, 2015January 16, 2015

A “native American” (i.e. Indian) tribe in Lancaster County, PA doesn’t want the Williams Atlantic Sunrise Pipeline to traverse “sacred” land, and they’re willing to “make noise, protest and rally, block bulldozers” to stop it, according to Chief Carlos Whitewolf. The good Chief Whitewolf is from the Northern Arawak Tribal Nation of Pennsylvania, which arrived in PA in 1898, long after PA was already part of the United States of America. But it gets stranger. There is no Arawak land in Lancaster County. However, there is Conestoga land, belonging to a different tribe. But the Conestoga tribe was “wiped out,” so there are no Conestoga Indians in Lancaster County either. But the good Chief Whitewolf feels an obligation to stick up for them, even though they are no more…
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Allegheny County | Economic Impact | Energy Services | Industrywide Issues | Jobs | New York | Ohio | Pennsylvania | Pipelines | Statewide NY | Statewide OH | Statewide PA | Transco | Williams

Williams Spending $100 million Per Month in the Marcellus/Utica
January 14, 2015January 14, 2015

There’s an excellent regional television program in Pittsburgh called “Our Region’s Business” hosted by veteran reporter Bill Flannigan. On December 7, Jim Scheel, Senior Vice President for Northeast G&P for Williams, appeared in a segment on the program (video embedded below). Scheel shared some eye-popping statistics about the Marcellus/Utica, and about Williams and their commitment to the region. Scheel said, among many things in the short 7-minute segment, that in 2014 Williams spent an astonishing $100 million per month on pipeline projects in the northeast region. They currently employ 750 people in the northeast and over the next year or so expect to add another 160 people to the payroll. What an exciting, dynamic company! Here’s a few more stats Scheel mentioned…
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Access Midstream Partners | Energy Services | Industrywide Issues | M&A | Williams

Wedding Day: Williams & Access Midstream Get Hitched on Feb 2
January 13, 2015January 13, 2015

It looks like February 2, 2015 will be the day of the wedding for Williams and Access Midstream. In June 2014, Williams announced a friendly takeover/merger with Access Midstream (see Big News: Williams Partners Buying Access Midstream for $6B). Access was once Chesapeake Midstream, spun off into its own company. Both Williams and Access have major operations in the Marcellus/Utica region. The takeover is going just fine and Access stocks will be distributed/swapped/split/converted/traded/whatever (makes our eyes glaze over just to read it) on Friday, January 30. By the time it’s all hashed out over the weekend, when trading begins on Monday, February 2, Access will be part of Williams…
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Broome County | Energy Services | Industrywide Issues | New York | Pipelines | Regulation | Statewide NY | Williams

Pro-Drillers Out in Force at Constitution Pipeline Hearing in Binghamton
January 13, 2015January 14, 2021

Last night MDN editor Jim Willis “took one for the team” and attended a New York State Dept. of Environmental Conservation (DEC) hearing in Binghamton, NY on the application of the Constitution Pipeline. Even though the Federal Energy Regulatory Commission (FERC) has approved the Constitution, the state DEC must grant a 401 Water Quality Certificate that allows the Constitution to lay pipe through and under swamps, creeks and other bodies of water. According to one of the speakers last night, there are 270+ such bodies of water along the Constitution’s route. The session was lively, as they usually are. It was also predictable–well, mostly predictable. We can honestly say if you’ve been to one such hearing you’ve been to all of them (see Vicariously Attend FERC Scoping Hearing on Constitution Pipeline). The one big difference we detected at last night’s hearing is that landowners and labor union workers (in favor of the pipeline) far outnumbered those against the pipeline. Judging by the clapping, booing and other audience feedback, we’d peg the crowd of 250 or so at about 75% in favor of the pipeline, 25% against. What got things kicked off early was an address by a full-throated Communist (who was against the pipeline)…
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Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Pennsylvania | Pipelines | Statewide PA | Transco | Williams

Reporter Falls for Delaware Riverkeeper Anti-Pipeline Bamboozle
January 8, 2015January 8, 2015

THE Delaware Riverkeeper and anti-driller, Maya van Rossum, continues her bamboozling ways. van Rossum finds conspiracy and evil intent behind every new pipeline project (or shale well) she hears about–and she’s only too glad to spread FUD–fear, uncertainty and doubt–about every announced project. The latest “angle” by van Rossum is to say when a huge pipeline company like Williams plans expansions to its largest pipeline system, the mighty Transco (10,200 miles of interstate pipelines), if Williams doesn’t combine all of those expansions in different geographic locations into one big, massive project, they’re trying to hide something. They’re trying to game the system. They’re trying to downplay the so-called environmental impacts all of those projects collectively will have on Precious Mother Earth. It’s just more fast talking by van Rossum…
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Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | New York | Pennsylvania | Pipelines | Regulation | Statewide NY | Statewide PA | Williams

Earthjustice, Others Ask FERC to Reconsider Constitution Pipeline
January 7, 2015January 7, 2015

Thank God the Constitution Pipeline is fully authorized and permitted by the Federal Energy Regulatory Commission (see FERC Issues Final Approval for Constitution Pipeline in PA/NY). We still have to sit through nutty anti-drillers parading before the microphones at New York State Dept. of Environmental Conservation (DEC) hearings about the Constitution–but that should be just a formality. At least we hope it’s a formality–one never knows with anti-drillers like Joe Martens helming the DEC. It shouldn’t be long now before the backhoes start digging. But what’s that we hear in the distance? The hyena yapping of far-left environmentalist wackos? Yep. Earthjustice, Sierra Clubbers, Catskill Mountainkeeper and other anti-drilling groups have asked FERC to reconsider their permitting of the Constitution, telling FERC they didn’t do their job right…
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Anti-Drilling/Fossil Fuel | Energy Services | Industrywide Issues | Lancaster County | Pennsylvania | Pipelines | Transco | Williams

Lancaster, PA Antis Request United Nations Interfere in Pipeline
January 6, 2015January 6, 2015

Anti-drillers and anti-pipeliners (typically one and the same) will do just about anything to further their cause–including asking a foreign power to intervene to stop the activity they don’t want. Eight people were arrested yesterday for trespassing as part of an anti-Atlantic Sunrise Pipeline protest in Lancaster County, PA. The eight were part of a group of 30 or so antis who showed up with the intention to stop Williams from breaking ground on the pipeline in that area. One of the eight arrested was Carlos Rivera, chief of the Northern Arawak Tribal Nation. Rivera says Williams should not be allowed to lay pipeline across Native America (i.e. Indian) land located in Lancaster County. So Rivera is filing a request with the United Nations, claiming the land is protected by the United Nations Declaration on the Rights of Indigenous Peoples. Good luck Carlos…
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Accidents | Energy Services | Ethane | Industrywide Issues | Pennsylvania | Pipelines | Washington County | Williams

Explosion, Fire at Meter Station Along Williams Ethane Pipeline in SWPA
December 31, 2014December 31, 2014

A meter station along the Williams Ohio Valley Ethane pipeline reportedly exploded and caught fire in in Chartiers Township (Washington County), PA–about four miles from Houston, PA–on Christmas Eve. The fire has caused the shut-down of the ethane pipeline that runs some 50 miles from Marshall County, WV to an ethane hub in Houston…
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