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William Partners' Transco Pipeline Logs Record Gas Volumes
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Natural gas pipeline partnership Williams Partners L.P. announced that its transcontinental gas pipeline, Transco, achieved a new feat on Jan 8. The partnership supplied a record amount of natural gas to meet the huge demand driven by the cold weather conditions along the U.S. east coast. The deliveries reached 13.7 million dekatherms (MMdt) the day, outperforming its previous record achieved on Jan 7 2015 of 13.5 MMdt. Additionally, Williams Partners set a new three-day market area delivery mark of 13.6 MMdt /d between Jan7–9 beating its previous high of 12.9 MMdt/d.
Transco, the wholly owned subsidiary of William Partners L.P., is the largest natural gas transmission system by volume in the U.S. This 10,200-mile pipeline extends from South Texas to New York City and provides natural gas throughout the northeastern and south eastern US markets.
William Partners completed five expansions projects on the Transco system in 2015 and 2016. This move has contributed to the new records and increased the gas supplying capacity of the system by 1.2 billion cubic feet per day. Further expansion and construction projects on Gulf Trace, Dalton, Garden State and Virginia Southside is in progress and is expected to increase the deliveries and capacities in the coming years. To meet the future demand of natural gas, William Partners L.P. had allotted US $4.4 billion in Transco growth projects scheduled to be completed between 2015 and 2017. This expansion drive comprise of 12 projects in around seven eastern states with an intent to meet customers demand for power generation as well as industries and local distribution.
William Partners L.P., which currently carries a Zacks Rank#3 (Hold), is one of the leading large-cap natural gas supplier in the U.S. and provides natural gas for heating, industrial use and power generation. The partnership outperformed the Zacks categorized Exploration & Production MLP industry over the prior three months. During the aforesaid period, William Partners improved almost 12% while the broader industry gained more than 10%.
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William Partners' Transco Pipeline Logs Record Gas Volumes
Natural gas pipeline partnership Williams Partners L.P. announced that its transcontinental gas pipeline, Transco, achieved a new feat on Jan 8. The partnership supplied a record amount of natural gas to meet the huge demand driven by the cold weather conditions along the U.S. east coast. The deliveries reached 13.7 million dekatherms (MMdt) the day, outperforming its previous record achieved on Jan 7 2015 of 13.5 MMdt. Additionally, Williams Partners set a new three-day market area delivery mark of 13.6 MMdt /d between Jan7–9 beating its previous high of 12.9 MMdt/d.
Transco, the wholly owned subsidiary of William Partners L.P., is the largest natural gas transmission system by volume in the U.S. This 10,200-mile pipeline extends from South Texas to New York City and provides natural gas throughout the northeastern and south eastern US markets.
William Partners completed five expansions projects on the Transco system in 2015 and 2016. This move has contributed to the new records and increased the gas supplying capacity of the system by 1.2 billion cubic feet per day. Further expansion and construction projects on Gulf Trace, Dalton, Garden State and Virginia Southside is in progress and is expected to increase the deliveries and capacities in the coming years. To meet the future demand of natural gas, William Partners L.P. had allotted US $4.4 billion in Transco growth projects scheduled to be completed between 2015 and 2017. This expansion drive comprise of 12 projects in around seven eastern states with an intent to meet customers demand for power generation as well as industries and local distribution.
William Partners L.P., which currently carries a Zacks Rank#3 (Hold), is one of the leading large-cap natural gas supplier in the U.S. and provides natural gas for heating, industrial use and power generation. The partnership outperformed the Zacks categorized Exploration & Production MLP industry over the prior three months. During the aforesaid period, William Partners improved almost 12% while the broader industry gained more than 10%.
Some of the better ranked players in the industry include Bellatrix Exploration Ltd , Global Partners LP (GLP - Free Report) and Northern Oil and Gas Inc. (NOG - Free Report) . All these companies sport a Zacks Rank #1(Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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