Williams said it has recently closed two transactions involving the sale of certain assets in the company’s exploration and production and midstream businesses. Over the past week, the company said it has closed the previously announced sale of natural gas exploration and production properties in the Denver-Julesberg basin in northeastern Colorado for $28 million to Petroleum Development Corp. It has also closed the new sale involving Williams’ 45% ownership interest in the 223-mile Rio Grande Pipeline that transports natural gas liquids from Hobbs, NM to Ciudad Juarez, Chihuahua. Navajo Southern Inc., a wholly-owned subsidiary of Holly Corp., purchased Williams’ interest for $27.5 million, subject to certain closing adjustments. Including the two most recent sales, Williams has received nearly $2.75 billion cash from asset sales that have been closed this year.

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