Williams Cos. to Acquire Momentum Midstream for $5.5 Billion

The Williams Companies, Inc., a U.S.-based natural gas company, has agreed to acquire Momentum Midstream (M6 Midstream) from the private equity firm EnCap Flatrock Midstream in a deal valued at up to $5.5 billion. The transaction includes $3.5 billion in cash and debt consideration and approximately $2 billion in Williams equity.

Momentum Midstream operates over 4,000 miles of natural gas-gathering and transmission pipelines across more than one million acres in east Texas and south-west Louisiana. The infrastructure includes the Bethel, Carthage, Silsbee, and Gillis hubs. The acquisition remains subject to regulatory review and standard closing conditions.

Frank Tsuru, CEO of Momentum Midstream, stated that the sale validates the company's thesis that demand for U.S. hydrocarbons will continue to grow both domestically and abroad.