Williams ( NYSE: WMB ) said Friday it has executed agreements with Chevron ( NYSE: CVX ) to support natural gas development in the Haynesville Basin as well as the deepwater Gulf of Mexico.
Williams ( WMB ) said it will provide natural gas gathering services to Chevron's ( CVX ) Haynesville assets in Texas, Oklahoma and Arkansas, while Chevron agreed to a long-term capacity commitment on Williams' Louisiana Energy Gateway project.
The natural gas processing and transportation company also agreed to use existing infrastructure to serve increased production from the Blind Faith platform in the Gulf of Mexico.
Williams ( WMB ) is a "moat-worthy energy midstream giant with a steady and growing business," and the shares are attractively priced for dividend growth investors, Gen Alpha writes in an analysis published on Seeking Alpha .
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Williams wins natural gas gathering deals for Chevron's Haynesville assets