EnCap Flatrock sells Momentum Midstream to Williams for $5.5bn
Momentum operates a large-scale natural gas system that includes over 4,000 miles of gathering and transmission pipelines delivering natural gas to regions of east Texas and the Gillis Hub in Louisiana. The transaction consideration consists of $3.5 billion in cash and debt consideration, and roughly $2.0 billion of Williams equity. EnCap Flatrock Midstream announced an…