Harvest Midstream Completes Acquisition of Four Corners Area Assets from Williams
HOUSTON--(BUSINESS WIRE)--Oct 1, 2018--Today, Harvest Midstream Company, an affiliate of Hilcorp Energy Company, announced the closing of its acquisition of the Four Corners Area assets from Williams (NYSE: WMB) for $1.125 billion.
“At Harvest, we recognize the vast potential that remains in the San Juan Basin and are excited to be growing in the Four Corners Region,” said Jason Rebrook, CEO Harvest Midstream Company. “Harvest is an industry leader in providing midstream services and with this acquisition we can expand the reach of those services for our customers.”
The acquisition of the Four Corners Area assets from Williams includes more than 3,700 miles of pipeline, two gas processing plants, and one CO 2 treatment facility in the San Juan and Rio Arriba Counties, New Mexico and La Plata County, Colorado.
“Harvest’s goal is to safely and efficiently transport oil and natural gas for our customers,” said Sean Kolassa, President of Harvest Midstream Company. “This acquisition provides an exciting opportunity for growth in the region and we will be investing heavily into this system and local communities for many years to come.”
Harvest Midstream Company:
Harvest Midstream Company, formerly Harvest Pipeline Company, is a privately held midstream services provider based in Houston, TX. Harvest operates crude oil and natural gas gathering, storage, transportation, treatment, and terminalling assets across the Lower 48 and Alaska. To learn more, visit: www.harvestmidstream.com.
Williams (NYSE: WMB) is a premier provider of large-scale infrastructure connecting U.S. natural gas and natural gas products to growing demand for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams owns and operates more than 33,000 miles of pipelines system wide – including the nation’s largest volume and fastest growing pipeline – providing natural gas for clean-power generation, heating and industrial use. Williams’ operations touch approximately 30 percent of U.S. natural gas. www.williams.com
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CONTACT: Harvest Midstream Company
Katharine Denby, 713-209-2400
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: ENERGY OIL/GAS OTHER ENERGY
SOURCE: Harvest Midstream Company
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PUB: 10/01/2018 04:15 PM/DISC: 10/01/2018 04:15 PM