With 11 expansion projects in the queue, Tulsa-based Williams is a poster child for American midstream ingenuity and success, operating 33,000 miles of pipelines along with gathering systems and processing facilities across the U.S. The company also continues to prove it’s as nimble as it is ever ready to capture new business in emerging markets and keep steps ahead of the growing demand for natural gas from LNG exports and the power generation market.

Reese Energy Consulting today is following the latest news from Williams, whose outgoing CEO Alan Armstrong in 1Q this year declared the company “firing on all cylinders.” While the core of Williams’ business still lies in its traditional midstream operations, the company also has found lucrative upstream opportunities, one of which is among those cylinders driving growth. That would be its JV buyout last year of Denver-based Crowheart Energy and its consolidated upstream assets to further maximize the value of Williams’ natural gas and NGL bones in Wyo.’s Wamsutter field. Which it has.

Now, in a second upstream JV, Williams and GeoSouthern Energy Corp., an REC client, are taking bids for 50,000 Tier 1 net acres in the Haynesville which could fetch up to $1.5 billion. According to Hart Energy, the assets up for sale produced ~196.3 BCF of gas in 2024, or about 536 MMCFD. GeoSouthern owns 75% of the acreage; Williams holds a 25% non-operated interest.