Williams Buys $750M Pa. Pipeline To Chase Marcellus Gas

Law360, New York (December 22, 2011, 12:01 PM EST) -- Williams Partners LP will pay $750 million in cash and stock to purchase from private equity-backed Delphi Midstream Partners LLC a pipeline system serving the gas-rich Marcellus Shale on the northeastern Pennsylvania border with New York, the firm said Thursday.

The Laser Northeast Gathering system is comprised of 33 miles of pipeline in Pennsylvania and 10 miles in southern New York. Williams said it is expected to carry 1.3 billion cubic feet of gas per day as production grows from the Marcellus region, where vast natural...
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