U.S. Markets closed
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • Dow 30

    34,584.88
    -166.44 (-0.48%)
     
  • Nasdaq

    15,043.97
    -137.96 (-0.91%)
     
  • Russell 2000

    2,236.87
    +3.96 (+0.18%)
     
  • Crude Oil

    71.96
    -0.65 (-0.90%)
     
  • Gold

    1,753.90
    -2.80 (-0.16%)
     
  • Silver

    22.42
    -0.33 (-1.44%)
     
  • EUR/USD

    1.1732
    -0.0040 (-0.3402%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • Vix

    20.81
    +2.12 (+11.34%)
     
  • GBP/USD

    1.3737
    -0.0059 (-0.4286%)
     
  • USD/JPY

    109.8950
    +0.1770 (+0.1613%)
     
  • BTC-USD

    48,108.43
    +1,099.37 (+2.34%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.62%)
     
  • FTSE 100

    6,963.64
    -63.84 (-0.91%)
     
  • Nikkei 225

    30,500.05
    +176.71 (+0.58%)
     

Williams (WMB) Concludes Sequent Energy Acquisition Deal

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

The Williams Companies, Inc. WMB recently concluded the acquisition of Southern Company's SO wholesale gas trading business comprising Sequent Energy Management, L.P. and Sequent Energy Canada, Corp.

The deal announced in May expands Williams' natural gas pipeline marketing presence to above 8 billion cubic feet per day (Bcf/d) with extensions into new markets to access incremental gas-fired power production, liquefied natural gas (LNG) exports and potential renewable natural gas (RNG) plus other developing possibilities

Sequent supplies gas to markets via transportation and storage arrangements on strategically located assets, such as Williams' Transco system. The firm specializes in asset management as well as wholesale natural gas marketing, trading, storage and transportation for a variety of natural gas utilities and producers.

Sequent Energy management's addition with its strong team and industry-leading technology to Williams' portfolio enhances the latter’s present regional footprint in pipeline transportation and storage business. Williams' president and CEO Alan Armstrong remarked, "As we continue to take a leadership role towards a clean energy future, Williams sees significant opportunity to better source and deliver responsibly produced, low carbon supplies to domestic natural gas and international LNG customers."

Further, Williams' natural gas-centered approach is bolstered by Sequent's operating foothold in the United States and Canada, which gives the company a better North American perspective on natural gas markets.

Company Profile

Founded in 1908, Oklahoma-based Williams is a premier energy infrastructure provider in North America. The company’s core operations include finding, producing, gathering, processing and transporting natural gas and natural gas liquids. Possessing a widespread pipeline system, which is extended to more than 33,000 miles, Williams is one of the largest domestic transporters of natural gas by volume.

Zacks Rank & Key Picks

Williams currently carries a Zacks Rank #3 (Hold). Some better-ranked players in the  energy  space are Matador Resources Company MTDR and Oasis Petroleum Inc. OAS, each presently flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Zacks' Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Southern Company The (SO) : Free Stock Analysis Report
 
Williams Companies, Inc. The (WMB) : Free Stock Analysis Report
 
Oasis Petroleum Inc. (OAS) : Free Stock Analysis Report
 
Matador Resources Company (MTDR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research