What is the main purpose of this 8-K filing for Williams Companies?

The main purpose of this 8-K filing is to announce The Williams Companies, Inc.'s intention to form a joint venture with Dominion to develop and market a new natural gas pipeline.

What is the capacity and intended route of the proposed pipeline?

The proposed pipeline is designed to transport up to 1 billion cubic feet per day (Bcfd) of natural gas. It is intended to transport gas from the Rockies and Appalachian basins (including the southern Marcellus Shale) to markets in the Eastern and Mid-Atlantic regions.

What is the significance of this joint venture for Williams Companies' strategy?

This joint venture represents a strategic move for Williams Companies to expand its midstream infrastructure and capitalize on the growing production from shale plays like the Marcellus and the increasing demand in Eastern and Mid-Atlantic markets. It demonstrates a commitment to securing and transporting vital energy resources.

Is the information in this filing considered 'filed' for regulatory purposes?

No, the information furnished in this Item 7.01 Regulation FD Disclosure, specifically the press release, is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. It is also not subject to the liabilities of that section and is not incorporated by reference into any other Securities Act filings.

WMB 8-K: Regulation FD — Aug 11, 2009

Summary

This 8-K filing from The Williams Companies, Inc. (WMB) on August 11, 2009, primarily announces a significant strategic development: the intention to form a joint venture with Dominion. This joint venture aims to develop and market a new natural gas pipeline project. The proposed pipeline is designed to transport a substantial volume of up to 1 billion cubic feet per day (Bcfd) of natural gas. The gas sources are expected to be from the rapidly developing Rockies and Appalachian basins, with a specific mention of the southern Marcellus Shale. The intended delivery points are key growing markets in the Eastern and Mid-Atlantic regions. This initiative signals WMB's proactive engagement in expanding its midstream infrastructure to capitalize on increasing domestic natural gas production and demand.

Key Highlights

1Williams Companies (WMB) and Dominion intend to form a joint venture.
2The joint venture will focus on developing and marketing a new natural gas pipeline.
3The pipeline is planned to transport up to 1 billion cubic feet per day (Bcfd) of natural gas.
4Natural gas sources will include the Rockies and Appalachian basins, specifically the southern Marcellus Shale.
5The pipeline aims to serve growing markets in the Eastern and Mid-Atlantic regions.
6This strategic move indicates WMB's expansion into key natural gas supply and demand corridors.

WILLIAMS COMPANIES, INC. 8-K Report, Regulation FD Disclosure (Aug 11, 2009)

Summary

Key Highlights

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