The Williams Companies, Inc
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| - | Tulsa, Oklahoma-based Williams Companies, Inc. (NYSE: WMB) is an oil and gas exploration, production and pipeline company with operations mainly in the continental United States. | + | Tulsa, Oklahoma-based Williams Companies, Inc. (NYSE: WMB) is an oil and gas exploration, production and pipeline company with operations mainly in the continental United States. It's [[Marcellus shale]] leasehold as of May, 2010 consisted of approximately approximately 94,000 net acres acres. |
| [[Williams Transco]] (aka ''Transcontinental Gas Pipe Line Corporation'') is a subsidiary of ''Williams Gas Pipeline'' which itself is a unit of The Williams Companies, Inc. | [[Williams Transco]] (aka ''Transcontinental Gas Pipe Line Corporation'') is a subsidiary of ''Williams Gas Pipeline'' which itself is a unit of The Williams Companies, Inc. | ||
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| In June, 2009, it was announced that Williams had inked a deal with [[Rex Energy Corporation]] for $33 million to acquire a 50% interest on a ''drill-to-earn'' basis in 44,000 acres of Rex's [[Marcellus shale]] leases in Pennsylvania's [[Centre]], [[Clearfield]] and Westmoreland counties. | In June, 2009, it was announced that Williams had inked a deal with [[Rex Energy Corporation]] for $33 million to acquire a 50% interest on a ''drill-to-earn'' basis in 44,000 acres of Rex's [[Marcellus shale]] leases in Pennsylvania's [[Centre]], [[Clearfield]] and Westmoreland counties. | ||
| - | * Ralph Hill is chief of Williams' exploration and production business. | + | Willimas was again in the news in May, 2010 when it acquired 42,000 net acres of Marcellus Shale, primarily located in Susquehanna County in northeastern [[Pennsylvania]], from [[Alta Resources LLC]]. The cost was $501 million. It also acquired a 5% overriding royalty interest in 48,500 gross acres associated with the 42,000 acres that reduced the royalty burden. The company was also in the process of leasing an additional 8,000 net acres of Pennsylvania Marcellus shale in another area. After these actions, Williams total Marcellus leasehold amounted to 94,000 acres. The approximate average cost of acquisition had been $7,000/acre. |
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| + | It also acquired an additional 8,000 acres in another Marcellus area. The cost was $84 million. | ||
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| + | * Steve Malcolm is Williams' Chairman, President and CEO. | ||
| + | * Ralph Hill is chief of exploration and production business. | ||
| + | * Jeff Pounds is a media spokesman. | ||
| + | * Sharna Reingold is with investor relations. | ||
Revision as of 02:23, 26 May 2010
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Tulsa, Oklahoma-based Williams Companies, Inc. (NYSE: WMB) is an oil and gas exploration, production and pipeline company with operations mainly in the continental United States. It's Marcellus shale leasehold as of May, 2010 consisted of approximately approximately 94,000 net acres acres.
Williams Transco (aka Transcontinental Gas Pipe Line Corporation) is a subsidiary of Williams Gas Pipeline which itself is a unit of The Williams Companies, Inc. In June, 2009, it was announced that Williams had inked a deal with Rex Energy Corporation for $33 million to acquire a 50% interest on a drill-to-earn basis in 44,000 acres of Rex's Marcellus shale leases in Pennsylvania's Centre, Clearfield and Westmoreland counties.
Willimas was again in the news in May, 2010 when it acquired 42,000 net acres of Marcellus Shale, primarily located in Susquehanna County in northeastern Pennsylvania, from Alta Resources LLC. The cost was $501 million. It also acquired a 5% overriding royalty interest in 48,500 gross acres associated with the 42,000 acres that reduced the royalty burden. The company was also in the process of leasing an additional 8,000 net acres of Pennsylvania Marcellus shale in another area. After these actions, Williams total Marcellus leasehold amounted to 94,000 acres. The approximate average cost of acquisition had been $7,000/acre.
It also acquired an additional 8,000 acres in another Marcellus area. The cost was $84 million.
- Steve Malcolm is Williams' Chairman, President and CEO.
- Ralph Hill is chief of exploration and production business.
- Jeff Pounds is a media spokesman.
- Sharna Reingold is with investor relations.
