Latest Williams Cos. Stories

2008-07-22 12:01:02

By Rod Walton, Tulsa World, Okla. Jul. 22--Williams Cos. is buying a 10,000-acre share in the natural gas-rich Barnett Shale of northern Texas for $166 million, the Tulsa energy company announced Monday. The deal with privately held Aspect Abundant Shale LP and other parties is expected to close in September. The area holds an estimated 175 billion cubic feet equivalent of proved or possible natural gas reserves in Tarrant, Hood and Johnson counties, according to reports. Williams has...

2008-07-22 09:01:05

By Jim Fuquay, Fort Worth Star-Telegram, Texas Jul. 22--Williams Cos. of Tulsa, which has been boosting its Barnett Shale activity by seeking leases in Lewisville, said Monday that it will pay $166 million for about 10,000 net acres in the field, where it has been active since 2005. The properties, including 41 wells, most of them in Tarrant, Johnson and Hood counties, are owned by Aspect Abundant Shale L.P., a private Denver-based organization, and other parties. The sale is expected to...

2008-06-26 12:03:13

By Rod Walton, Tulsa World, Okla. Jun. 26--Williams Cos. Inc. raised its earnings forecasts Wednesday 34 percent for this year and 21 percent for 2009, citing favorable energy exploration and pricing conditions. Tulsa-based Williams increased its predicted earnings to a range of $2.30 to $2.80 per share for this year, compared with a previous range of $1.70 to $2.10. The company raised its profit outlook to a range of $3.1 billion to $3.65 billion, about $600 million higher than earlier...

Word of the Day
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.