According to Bloomberg, Tulsa-based Williams is in late-stage talks to purchase Momentum Midstream, a gas pipeline operator currently owned by private equity firm EnCap Flatrock Midstream. The transaction, valued at roughly $5.5 billion, would represent one of the largest acquisitions in Williams' history and could be announced within the coming weeks, according to sources familiar with the negotiations.
The proposed deal reflects ongoing consolidation in the midstream energy sector as major pipeline operators seek to expand their footprint and operational capacity. An acquisition of Momentum would strengthen Williams' position in natural gas transportation and liquefied natural gas infrastructure, positioning the company to capitalize on growing demand for energy infrastructure and export capabilities.
While discussions have reached an advanced stage, the transaction remains subject to final approval and has not yet been formally completed. The deal's completion would depend on customary closing conditions, regulatory clearances, and other standard considerations for large-scale energy infrastructure transactions.