The Williams Companies continued unloading assets last week in its effort to strengthen its balance sheet and realign its operations. The latest sales include some of Transcontinental Gas Pipe Line’s gas transportation assets in Texas to Crosstex for $27 million and three straddle plants in Western Canada to Inter Pipeline Fund of Calgary for C$715 million (US$540 million).
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Williams Unloads $540M in Canadian Midstream Holdings
In addition to the sale of some of Transcontinental Gas Pipe Line’s gas transportation assets in Texas to Crosstex earlier this week (see related story), Williams also has agreed to sell three straddle plants in Western Canada to Inter Pipeline Fund of Calgary for C$715 million (US$540 million).
July 9, 2004
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