Williams Partners, Caiman Energy II to Develop Utica Shale Infrastructure
Williams Partners L.P. (NYSE: WPZ) today announced it will be a funding partner in a joint venture with Caiman Energy II to develop midstream infrastructure serving oil and gas producers in the Utica Shale.
Williams Partners, EnCap Flatrock Midstream of San Antonio, Highstar Capital of New York, and Caiman management anticipate investing approximately $800 million to develop natural gas, natural gas liquid and crude oil gathering and processing infrastructure. The area of focus will be the natural gas liquid- and oil-rich areas of the Utica Shale in Ohio and northwest Pennsylvania. Williams Partners' anticipated share of the $800 million in potential development is approximately $380 million over the next several years.
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