Williams Partners to acquire additional Marcellus Shale interests

Williams Partners LP has entered into an agreement with Western Gas Partners LP and certain of its affiliates, pursuant to which Williams Partners will increase its ownership stake in two Marcellus Shale natural gas gathering systems already operated by Williams Partners. In exchange, Western Gas and its affiliates will receive Williams Partners’ 50-percent ownership stake in Delaware Basin JV Gathering LLC, operated by Western Gas. Under the terms of the transaction, Williams Partners will receive Western Gas’ 33. 75-percent ownership stake in both the Rome and Liberty natural gas gathering systems in northern Pennsylvania and a cash payment of $155 million.

In addition, Williams Partners has entered into a separate agreement with Anadarko Petroleum Corp. to sell Williams Partners’ 33.33-percent interest in the Ranch Westex gas processing plant in the Delaware Basin for $45 million in cash.

The transactions are expected to close in late first quarter or early second quarter 2017.

For more information, visit http:// co.williams.com or call (918) 573-2000.