Williams, Williams Partners Agree to Sell Canadian Businesses for $1.35 Billion CAD (~$1.03 Billion USD)
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Williams Partners (WPZ) Enters Conditional Commitment in Barnett Shale; Affirms Chesapeake (CHK) Agreement Terminations
August 10, 2016 5:21 PM EDTWilliams Partners L.P. (NYSE: WPZ) announced it has conditionally committed to execute a new gas gathering agreement with a new producer customer, a private company successor to Chesapeake Energy (NYSE: CHK), in the Barnett Shale. Williams Partners agreements with Chesapeake, including Chesapeakes Minimum Volume Commitment (MVC) obligations in the Barnett Shale, will be terminated at closing. Among other conditions, the commitment is subject to the closing of the sale of Chesapeakes Barnett assets to the producer customer, which is subject to certain significant closing conditions including the... More
