Deals
Williams Weighs Selling Stake in Wyoming Pipeline
- Its 50% of Jackalope system could fetch more than $500 million
- Division gathers and processes gas in Powder River Basin
Photographer: Andrew Burton/Getty Images
This article is for subscribers only.
Williams Cos., one of the biggest natural gas pipeline operators in the U.S., is seeking buyers for its stake in Jackalope Gas Gathering Services, which could fetch more than $500 million in a sale, according to people familiar with the matter.
Williams is working with an adviser to sell its 50 percent interest in the gas pipeline and processing plant operator, said the people, who asked to not be identified because the matter isn’t public. The stake is attracting interest from other pipeline operators and private equity firms, the people said. No decision has been made and Williams could opt to keep the stake, they said.