Williams Cos. Inc. finds success by focusing on pipelines
Williams Cos. Inc. improved to No. 2 on the Oklahoma Inc. list after spinning off its exploration and production business and choosing to focus on pipelines instead.
Videoview all videos
Photoview all photos
“Midstream pipeline companies are in vogue. They are in line with what the market wants,” said Dollarhide, CEO of Longbow Asset Management Co. in Tulsa. “Many funds that invest in energy have replaced exploration and production companies with pipeline companies because
Williams has identified $25 billion worth of investment opportunities through 2017, he said.
The company already has pipeline and gathering system investments in many of the largest oil and natural gas production areas in the country, including the Bakken in North Dakota and the Marcellus in the Pennsylvania area.
The company announced in September that it has signed a long-term natural gas processing agreement with a producer in Canada's oil sands.
The focus on pipeline infrastructure also makes Williams less affected by volatile fuel prices.
“Today, we're more exposed to volume than price,” Armstrong said. “Whether gas prices go up or down, we don't really care as long as the volume moves. Almost all of the investments we're making today are investments away from price risk.”
Business Photo Galleriesview all
- 31709Oklahoma weather: Crews work to clear storm damage in Oklahoma City as the state braces for severe weather Sunday.
- 22246Oklahoma Severe Storm Updates
- 7126OKC Thunder GM Sam Presti won't amnesty Kendrick Perkins
- 6322Wild hogs continue to be a growing menace across Oklahoma
- 5037OKC Thunder: Thunder trio praise fans before potential departures
- 4484Student shot dead during botched home invasion
- 3553Oklahoma State football: Todd Monken thinks Wes Lunt should've stayed in Stillwater