Williams creates Wyoming shale joint venture
US shale-focused Williams said it formed a joint venture with Crowheart Energy at the Wamsutter oil and gas field, situated largely in Wyoming.
“The joint venture involves the consolidation of three legacy operating assets consisting of over 1.2 million net acres, over 3,500 operating wells, and more than 3,000 potential development locations,” Williams said.
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The acreage was held primarily by BP and the company said the transaction puts several regional assets under one umbrella, which it said will lead to cost savings and an expanded overall inventory.
All of the natural gas liquids from legacy upstream assets will be dedicated for Williams, which it said would support volume on the Overland Pass and Bluestem pipelines.
Overland runs from Wyoming to Kansas, with interconnections to Colorado. It has a transport design capacity of approximately 140,000 b/d of natural gas liquids.
Bluestem, with a project capacity of 120,000 b/d of natural gas liquids, runs from Oklahoma to Kansas.
Crowheart lists Wamsutter as a legacy gas producer that is transitioning to an oil play.