Williams (NYSE: WMB), Williams Partners LP (NYSE: WPZ), and Access Midstream Partners LP (NYSE: ACMP) have closed the merger between Williams Partners and Access Midstream Partners. As part of the completion of the merger, Access Midstream Partners changed its name to Williams Partners LP and its units will trade under the symbol “WPZ” beginning on Feb. 3.
Williams’ acquisition of Access Midstream Partners and the subsequent merger with Williams Partners enhances Williams’ exposure to key production basins in North America. The merger combines the depth of Access Midstream’s expertise in the gathering and processing function with the breadth of Williams’ capabilities across the broader natural gas value chain.
Williams Partners now features large-scale positions across three key components of the midstream sector, such as natural gas pipelines, including the Transco, Northwest, and Gulfstream pipeline systems; gathering and processing, including positions in growing natural-gas supply areas in major US unconventional producing areas; oil and natural gas gathering services in the deepwater Gulf of Mexico; and natural gas liquids and petrochemical services, including a downstream presence on the US Gulf Coast and in western Canada.