Williams Realigns Organization to Advance Natural Gas-Focused Strategy and Drive Value
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Williams will realign the organization to simplify its structure and increase direct operational alignment to advance the company’s proven, natural gas-focused strategy and drive continued focus on customer service and execution.
By early 2017 Williams will consolidate the number of operating areas within the company from five to three: Atlantic-Gulf, West and Northeast Gathering & Processing.
“Williams is executing on a clearly articulated strategy to capitalize on growing natural gas demand to drive further value for stockholders, and to achieve maximum benefit, we must continually refine the way we operate the business,” said Alan Armstrong, president and chief executive officer of Williams.
“The initiatives announced today will advance our strategy by optimizing our reporting structure. Our team is fully aligned, energized and focused on executing against our business plan, reducing costs, simplifying the way we make decisions, and building on our industry-leading customer service,” added Armstrong.
The three operating areas will be:
1. Atlantic-Gulf: NGL & Petchem Services operations in the Gulf area, the Geismar olefins plant, the refinery grade propylene splitter and pipelines in the Gulf Coast region will be integrated into the Atlantic-Gulf Operating Area. Atlantic-Gulf will continue to include the Transco interstate gas pipeline, the nation’s largest and fastest-growing interstate natural gas transmission pipeline system, a 10,200-mile network with a mainline that extends nearly 1,800 miles between South Texas and New York City. Atlantic-Gulf also includes significant natural gas gathering and processing and crude oil production and handling and transportation in the Gulf Coast region. Atlantic-Gulf will continue to be led by Rory Miller, a 30-year energy industry veteran who has led the area since 2013.
2. West: All gathering systems, operations and commercial activities in the Barnett, Eagle Ford and Haynesville shales, the mid-continent region and Permian Basin will be integrated into the West Operating Area. The West Operating Area will also comprise the Northwest Pipeline interstate gas pipeline system as well as gathering, processing and treating operations in Wyoming, the Piceance Basin and the Four Corners area. Additionally, an NGL fractionator and storage facilities near Conway, Kan., a rail loading facility at Hutchinson, Kan. and a 50-percent equity-method interest in Overland Pass Pipeline will be operated within the West Operating Area. Also included is a non-operated 50 percent interest in the Delaware Basin gas gathering system in the Permian Basin region. The consolidated West Operating Area will be led by Walter Bennett, who has led the West Operating Area since joining Williams in 2014.
3. Northeast Gathering & Processing: The Northeast Gathering & Processing Operating Area, including operations in Pennsylvania, West Virginia, Ohio and New York, remains unchanged. The area includes the Susquehanna Supply Hub and Ohio Valley Midstream, as well as a 69-percent equity investment in Laurel Mountain Midstream, and a 58.4-percent equity investment in Caiman Energy II. Caiman Energy II owns a 50 percent interest in Blue Racer Midstream. The Northeast Gathering & Processing Operating Area will continue to be led by Jim Scheel, who joined Williams in 1988.
About Williams
Williams is a premier provider of large-scale infrastructure connecting North American natural gas and natural gas products to growing demand for cleaner fuel and feedstocks. Headquartered in Tulsa, Okla., Williams owns approximately 60 percent of Williams Partners L.P., including all of the 2 percent general-partner interest. Williams Partners is an industry-leading, large-cap master limited partnership with operations across the natural gas value chain from gathering, processing and interstate transportation of natural gas and natural gas liquids to petchem production of ethylene, propylene and other olefins. With major positions in top U.S. supply basins and also in Canada, Williams Partners 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 Partners’ operations touch approximately 30 percent of U.S. natural gas.
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