Williams Files for Expansion – Analyst Blog
Source: http://www.zacks.com/stock/news/27412/Williams+Files+for+Expansion++-+Analyst+BlogPosted on Wednesday, November 18th, 2009 | In Investing Lessons, Stocks to Watch
Williams Companies Inc. (WMB) has filed an application with the Federal Energy Regulatory Commission (FERC) to expand its Transco natural gas pipeline to serve markets in the southeastern United States. On approval from FERC, Williams expects the Mobile Bay South II Expansion project to provide services by spring 2011.
Through the expansion project, Williams expects to add 380,000 dekatherms of southbound, year-round firm transportation capacity on the Mobile Bay Lateral from Transco’s mainline at Station 85 near Butler, Alabama, to its interconnect with Gulfstream Natural Gas System in Coden, Alabama.
Williams estimates that the project will require a compression addition of 8,180 horsepower at Transco compressor station 85 and facility modifications at Station 83. It expects the project facilities to cost approximately $36 million.
Recently, the company’s Mobile Bay natural gas processing plant returned to service, processing between 100 million and 200 million cubic feet per day with volumes, after shutting due to lost production from Tropical Storm Ida. The plant did not sustain any damage from the storm, which was downgraded to a tropical depression after coming ashore near Mobile, Alabama. The plant is capable of processing of about 700 million cubic feet of supply per day.
Williams is an energy firm that finds, produces, gathers, processes, and transports natural gas. The company divides its business into four segments: Exploration & Production, Midstream Gas & Liquids, Gas Pipeline, and Gas Marketing Services. The company’s operations are primarily concentrated in the Pacific Northwest, Rocky Mountains, Gulf Coast and Eastern Seaboard.
Read the full analyst report on “WMB”
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