M&A Deal Summary

Easton Energy Acquires Williams Cos. - Gulf Coast Natural Gas Liquids Pipeline Systems

On December 6, 2018, Easton Energy acquired energy services and equipment company Williams Cos. - Gulf Coast Natural Gas Liquids Pipeline Systems from Williams for 177M USD

Acquisition Highlights
  • This is Easton Energy’s 1st transaction in the Energy Services and Equipment sector.
  • This is Easton Energy’s largest (disclosed) transaction.
  • This is Easton Energy’s 1st transaction in the United States.
  • This is Easton Energy’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2018-12-06
Target Williams Cos. - Gulf Coast Natural Gas Liquids Pipeline Systems
Sector Energy Services and Equipment
Buyer(s) Easton Energy
Sellers(s) Williams
Deal Type Divestiture
Deal Value 177M USD

Target

Williams Cos. - Gulf Coast Natural Gas Liquids Pipeline Systems

Tulsa, Oklahoma, United States
Williams Cos. Inc. - Gulf Coast Natural Gas Liquids Pipeline Systems includes natural gas liquids from various supply sources to petrochemical consumers in Texas and Louisiana markets.

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Buyer(S) 1

Buyer

Easton Energy

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

Easton Energy LLC is a midstream company focused on developing infrastructure assets that support the transportation, storage, and processing of natural gas liquids (NGL), refined products, and petrochemicals. Easton Energy is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-13 Easton Energy - Gulf Coast NGL Pipelines

Houston, Texas, United States

Easton Energy's Gulf Coast NGL Pipelines includes approximately 450 miles of NGL pipelines located in the strategic Gulf Coast market centers for NGLs, refined products, and crude oil. Easton Energy's Gulf Coast NGL Pipelines is based in Houston, Texas.

Sell $280M

Seller(S) 1

SELLER

Williams

Tulsa, Oklahoma, United States

Category Company
Founded 1908
Sector Energy Services and Equipment
Employees5,601
Revenue 10.9B USD (2023)
DESCRIPTION
Williams' headquarters in downtown Tulsa, Oklahoma.
Williams' headquarters in downtown Tulsa, Oklahoma.

Williams is a North American energy infrastructure company. It owns interests in or operates 15,000 miles of interstate gas pipelines, 1,000 miles of NGL transportation pipelines, and more than 10,000 miles of oil and gas gathering pipelines. Williams was formed in 1908 and is based in Tulsa, Oklahoma.


DEAL STATS #
Overall 5 of 5
Sector (Energy Services and Equipment) 3 of 3
Type (Divestiture) 3 of 3
State (Oklahoma) 3 of 3
Country (United States) 4 of 4
Year (2018) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-10 Williams Partners

Tulsa, Oklahoma, United States

Williams Partners LP is a provider of energy infrastructure services to connect North American natural gas and natural gas products to growing demand for cleaner fuel and feedstocks. Williams Partners was founded in 2005 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Sequent Energy

Houston, Texas, United States

Sequent Energy delivers smarter ways to optimize natural gas assets and serves the needs of utilities, marketers, retail aggregators, municipalities, and large industrials. Sequent Energy is based in Houston, Texas.

Buy -