Big Law
U.S. Energy Company, Williams, Acquires Natural Gas Pipeline Asset, NorTex Midstream for $423M
US-based energy company Williams has closed the $423m deal to acquire the fully contracted natural gas pipeline and storage asset NorTex Midstream from an affiliate of private equity firm Tailwater Capital.
Under the deal, Williams’ subsidiary Williams Field Services Group has acquired NorTex assets including approximately 80 miles of natural gas transmission pipelines and 36 billion cubic feet of natural gas storage in the Dallas-Fort Worth market.
NorTex also owns and operates a natural gas hub in North Texas, named the Tolar Hub.
