Williams Partners benefits from restructuring

A $12 billion restructuring by its corporate parent propelled Williams Partners LP to the No. 2 spot in this year's Oklahoma Inc. rankings.

BY JAY F. MARKS | Published: November 14, 2010 Comment on this article

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/> Its natural gas pipeline system delivers an average of 12 percent of the gas used daily in the United States, he said.

Williams Partners has its midstream assets concentrated in key areas, Campbell said. It is the largest producer of natural gas liquids in the Rocky Mountains and the largest gas gatherer in the Gulf Coast.

Campbell said Williams Partners is very attractive to investors now because master limited partnerships are yield-based securities.

Williams Partners produces steady revenue as a fee-based business.

Campbell said customers rent a share of the capacity in Williams Partners' pipeline system. They must pay regardless of whether they have any gas flowing in the pipe.

"They're paying for the pipeline every day,” he said.

Campbell said those assets give Williams Partners a bright future because there are plenty of growth opportunities available without having to make any major acquisitions.

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