Former Energy Transfer Equity LP (ETE) CFO Jamie Welch is suing his old company for breach of contract, asserting in a court filing that, among other things, the master limited partnership provided “no reasonable explanation for his termination” and that his ouster “was motivated by an agenda unrelated to Mr. Welch’s performance.”
Williams
Articles from Williams
Williams Sees Little Risk in Contract Exposure to Troubled Chesapeake
Williams CEO Alan Armstrong on Thursday downplayed Williams Partners LP’s gathering contract exposure to troubled producer Chesapeake Energy Corp. and said Chesapeake has been paying its bills.
February 18, 2016
Two Shippers Take Capacity in Transco LNG-Focused Project
Williams Partners LP has signed up two shippers for Transcontinental Gas Pipe Line Co.’s (Transco) Gulf Connector project, which would enable bi-directional flow on a portion of Transco between Louisiana and South Texas. The capacity would serve two liquefied natural gas (LNG) export terminals.
February 11, 2016
Energy Transfer CFO Switch Spooks Investors
Energy Transfer Equity LP (ETE) on Monday sought to quell investor fears over a CFO swap announced last Friday that prompted analysts to question the feasibility of its planned merger with The Williams Companies (WMB).
February 8, 2016
Williams Partners Cuts Spending by One-Third
Low commodity prices and the consequent slowdown in the natural gas patch prompted Williams Partners to slash its 2016 capital spending plan by $1.2 billion — a reduction of 32% to about $2.1 billion from previous plans as projects are deferred, delayed or canceled.
January 26, 2016
Williams Grew Northeast G&P Volumes Despite Producer Shut-Ins
Williams Partners LP’s Northeast gathering and processing (G&P) business enjoyed higher volumes and increased revenues during the third quarter compared to a year ago — in spite of substantial price-related producer shut-ins during the period, Williams CEO Alan Armstrong told analysts Thursday.
October 29, 2015
Fire at Transco Facility in Gibson, LA, Kills Three, Injures Two
The planned restart on Monday of a damaged Transcontinental Gas Pipeline Co. (Transco) natural gas compression station in Gibson, LA, is being delayed following an explosion and fire that killed three people and injured two others seriously Thursday morning.
October 9, 2015
Williams Joins Northern Utica NatGas Processing Partnership
Pennant Midstream LLC, which provides natural gas gathering and processing services in the Utica Shale’s northern tier, said Monday that a Williams Partners LP affiliate has acquired a 5% ownership interest in the facilities it owns.
October 5, 2015
Chesapeake Strikes Sweeter Haynesville, Utica Gathering Deals With Williams
Chesapeake Energy Corp. (CHK) has struck a deal with units of Williams Partners LP that gives it a break on natural gas gathering fees in the Haynesville and Utica shales while it agrees to increase production/volume commitments to Williams’ pipes.
September 8, 2015
Energy Transfer to Engage in Williams Auction Process
Energy Transfer Equity LP (ETE) and Williams have signed a confidentiality agreement related to ETE’s proposed buyout of Williams, the former said late Thursday.
July 17, 2015
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