Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Williams Companies Inc    WMB

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Williams Companies, Inc. : Apr 24, 2012 Constitution Pipeline Company Announces Customer Agreements

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/24/2012 | 11:37pm CET

Constitution Pipeline Company, LLC, a joint development between Williams Partners L.P. (NYSE: WPZ) and Cabot Oil & Gas Corporation (NYSE: COG), today announced the execution of precedent agreements for a proposed 121-mile pipeline designed to connect natural gas production in northeastern Pennsylvania with northeastern markets by spring 2015.

Cabot Oil & Gas has committed to transport 500,000 dt/day (dekatherms per day), while Southwestern Energy Services Company, a subsidiary of Southwestern Energy Company (NYSE: SWN) has agreed to transport 150,000 dt/day for a total takeaway capacity of 650,000 dt/day (enough natural gas to serve about 3 million homes).

The new 121-mile Constitution Pipeline is being designed to connect Williams Partners' gathering system in Susquehanna County, Pa., to the Iroquois Gas Transmission and Tennessee Gas Pipeline systems in Schoharie County, NY. Williams Partners will own 75 percent of Constitution Pipeline and, through its affiliates, will provide construction, operation and maintenance services for the new pipeline. Cabot will own the remaining 25 percent.

Williams (NYSE:WMB) owns 69 percent of Williams Partners.

The pipeline will be regulated by the Federal Energy Regulatory Commission (FERC). In anticipation of filing a certificate application with the FERC in early 2013, Constitution Pipeline Company requested that FERC initiate a pre-filing environmental review of the pipeline proposal. The FERC pre-filing process is intended to solicit early input from citizens, governmental entities and other interested parties to identify and address issues with potential facility locations.

Additional information about the Constitution Pipeline can be found at www.constitutionpipeline.com.

About Williams Partners L.P. (NYSE: WPZ)

Williams Partners L.P. is a leading diversified master limited partnership focused on natural gas transportation; gathering, treating, and processing; storage; natural gas liquid (NGL) fractionation; and oil transportation. The partnership owns interests in three major interstate natural gas pipelines that, combined, deliver 14 percent of the natural gas consumed in the United States. The partnership's gathering and processing assets include large-scale operations in the U.S. Rocky Mountains and both onshore and offshore along the Gulf of Mexico. Williams (NYSE: WMB) owns approximately 69 percent of Williams Partners, including the general-partner interest. More information is available at www.williamslp.com.

Portions of this document may constitute "forward-looking statements" as defined by federal law. Although the partnership believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the "safe harbor" protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the partnership's annual reports filed with the Securities and Exchange Commission.

Williams Partners L.P.
Media Contact:
Julie Gentz, 918-573-3053
or
Investor Contact:
Sharna Reingold, 918-573-2078

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WILLIAMS COMPANIES INC
03/21 WILLIAMS : Tulsan Joe Cappy recalls his days as 'The Last American CEO'
03/10 WILLIAMS COMPANIES INC : Change in Directors or Principal Officers (form 8-K)
03/08 WILLIAMS COMPANIES INC : ex-dividend day
02/24 WILLIAMS COMPANIES INC : Change in Directors or Principal Officers (form 8-K)
02/23 WILLIAMS : Stock Options Reports for Comcast, Newmont Mining Corporation, Oclaro..
02/22 WILLIAMS : Cos. board approves quarterly dividend
02/22 WILLIAMS : Partners Announces Filing of Its Annual Report on Form 10-K
02/22 WILLIAMS : Announces Filing of Its Annual Report on Form 10-K
02/22 WILLIAMS : Management's Discussion and Analysis of Financial Condition and Resul..
02/17 WILLIAMS : Cos. reports higher 2016 results but still sees loss
More news
Sector news : Oil & Gas Transportation Services - NEC
03/21 Record outbound Canadian M&A gives foreign banks an upper hand
03/20 TSX falls with oil as energy, high-yielding stocks decline
03/15 TRANSCANADA : M2 to build new crude storage facility in Cushing
03/14 TSX hits 2017 low as energy, Valeant weigh
03/13 TRANSCANADA : Shippers take up Transcanada offer to move natgas on Mainline
More sector news : Oil & Gas Transportation Services - NEC
News from SeekingAlpha
03/20 Enterprise Products Takes On Bankruptcy Assets
03/18 WILLIAMS : I Don't See A Better Buy
03/17 10 Top 'Safer' S&P 500 Dividend Dogs Set To Gain 9% To 24%
03/14 Energy drags averages lower, weighed by sinking crude oil
03/13 MLPS : MLPs Plan, Oil Laughs
Advertisement
Financials ($)
Sales 2017 8 548 M
EBIT 2017 2 449 M
Net income 2017 900 M
Debt 2017 23 210 M
Yield 2017 4,42%
P/E ratio 2017 25,30
P/E ratio 2018 25,79
EV / Sales 2017 5,46x
EV / Sales 2018 5,41x
Capitalization 23 486 M
More Financials
Chart WILLIAMS COMPANIES INC
Duration : Period :
Williams Companies Inc Technical Analysis Chart | WMB | US9694571004 | 4-Traders
Full-screen chart
Technical analysis trends WILLIAMS COMPANIE...
Short TermMid-TermLong Term
TrendsNeutralBearishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 32,1 $
Spread / Average Target 13%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Alan S. Armstrong President, Chief Executive Officer & Director
Kathleen B. Cooper Chairman
Michael G. Dunn Chief Operating Officer & Executive Vice President
Donald R. Chappel Chief Financial Officer & Senior Vice President
Janice D. Stoney Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
WILLIAMS COMPANIES INC-8.67%23 486
ENBRIDGE INC-3.30%67 554
ENTERPRISE PRODUCTS PA..0.37%57 526
KINDER MORGAN INC1.30%46 837
TRANSCANADA CORPORATIO..1.10%39 997
PLAINS ALL AMERICAN PI..-4.21%20 881
More Results