Williams Cos. (WMB) Announces Global Resolution with Chesapeake

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Go back to Williams Cos. (WMB) Announces Global Resolution with Chesapeake

Williams Announces Global Resolution with Chesapeake

November 23, 2020 7:15 AM EST

Negotiated resolution reaffirms the value of Williams midstream infrastructure and incentivizes future development of critical acreage

TULSA, Okla.--(BUSINESS WIRE)-- Williams (NYSE: WMB) today announced that it has reached a global resolution with Chesapeake as part of Chesapeakes Chapter 11 bankruptcy restructuring process.

Williams has strategically invested in large-scale and essential infrastructure necessary to gather and treat the natural gas that Chesapeake and its joint interest owners produce in the Eagle Ford, Haynesville, and Marcellus, said Alan Armstrong, Williams president and CEO. Our gathering systems are necessary... More