Another Hit Record for Williams
There’s only one U.S. midstream giant that can lay historical claim to building crude oil pipelines over the Andes Mountains in the 1940s. Only one to be recognized with a postage stamp that bears its name for completing the Trans-Iranian pipeline in the ‘50s. Those accolades belong to Tulsa-based Williams, which now operates 30,000 miles (and growing) of pipelines here at home.
Reese Energy Consulting today is following the latest news from Williams, wrapping up its 2022 fiscal year with 4Q results that include adjusted EBITDA earnings of $1.7774 billion, an increase of 20% over last year, and record full-year EBITDA of $6.418 billion, a 14% increase over 2021. The company also achieved record gathering volumes in 2022 to the tune of 16.5 BCFD and contracted capacity of 24.4 BCFD. The year marked significant achievements in the company’s growth and strategy departments with three acquisitions totaling $2.443 billion that boosted its pipeline, gathering and processing, and storage assets in the Haynesville, Rocky Mountains and Western corridor, and increased gas supplies to the Texas power grid.
Strengthening its LNG capabilities ranks high on Williams’ project list for 2023 with brand new agreements with Chevron to build a gathering system in the Haynesville and provide gas gathering and crude transportation onshore the Gulf.