The Williams Companies, Inc. (Williams or 'the company') is a US-based natural gas company engaged in offering natural gas, natural gas liquids (NGLs), and olefins. The company owns and operates midstream gathering and processing assets, and interstate natural gas pipelines. In addition, Williams processes oil sands off-gas, and produces olefins for petrochemical feed stocks. The company's operations span from the deep-water Gulf of Mexico to the Canadian oil sands.
Williams operates through three business segments: Williams Partners; Williams NGL & Petchem Services; and other.
Williams Partners consists of the company’s consolidated master limited partnership, Williams Partners L.P. (WPZ), and primarily includes gas pipeline and midstream businesses. Williams Partners' gas pipeline businesses consists of two interstate natural gas pipelines, which are Transcontinental Gas Pipe Line Company, LLC (Transco) and Northwest Pipeline. The company's gas pipeline business also holds interests in joint venture interstate and intrastate natural gas pipeline systems including a 50% interest in Gulfstream Natural Gas System (Gulfstream), and a 41% interest in Constitution Pipeline Company (Constitution). Transco and Northwest Pipeline own and operate a combined total of approximately 13,600 miles of pipelines with a total annual throughput of approximately 4,136 trillion British thermal units (TBtu) of natural gas and peak-day delivery capacity of approximately 15.4 million dekatherms (MMdths) of natural gas.
Transco is an interstate natural gas transmission company that owns and operates a 9,700-mile natural gas pipeline system extending from Texas, Louisiana, Mississippi and the offshore Gulf of Mexico through Alabama, Georgia, South Carolina, North Carolina, Virginia, Maryland, Delaware, Pennsylvania and New Jersey to the New York City metropolitan area. The system serves customers in Texas and 12 southeast and Atlantic seaboard states, including major metropolitan areas in Georgia, North Carolina, Washington, D.C., Maryland, New York, New Jersey, and Pennsylvania
As of December 31, 2015, Transco's system had a mainline delivery capacity of approximately 6.4 MMdths of natural gas per day from its production areas to its primary markets, including delivery capacity from the mainline to locations on its Mobile Bay Lateral. Using its Leidy Line along with market-area storage and transportation capacity, Transco can deliver an additional 5.1 MMdths of natural gas per day for a system-wide delivery capacity total of approximately 11.5 MMdths of natural gas per day. Transco's system includes 45 compressor stations, four underground storage fields, and a liquefied natural gas (LNG) storage facility. Compression facilities at sea level-rated capacity total approximately 1.8 million horsepower.
Northwest Pipeline is an interstate natural gas transmission company that owns and operates a natural gas pipeline system extending from the San Juan basin in northwestern New Mexico and southwestern Colorado through Colorado, Utah, Wyoming, Idaho, Oregon, and Washington to a point on the Canadian border near Sumas, Washington. Northwest Pipeline provides services for markets in Washington, Oregon, Idaho, Wyoming, Nevada, Utah, Colorado, New Mexico, California, and Arizona directly or indirectly through interconnections with other pipelines.
As of December 31, 2015, Northwest Pipeline's system had long-term firm transportation and storage redelivery agreements of approximately 3.8 million dekatherms per day (MMdths/d), which composed of approximately 3,900 miles of mainline and lateral transmission pipelines and 41 transmission compressor stations having a combined sea level-rated capacity of approximately 472,000 horsepower.
Gulfstream is an interstate natural gas pipeline system extending from the Mobile Bay area in Alabama to markets in Florida. Williams Partners owns, through a subsidiary, a 50% interest in Gulfstream. Spectra Energy Corporation, through its subsidiary, Spectra Energy Partners, LP, owns the other 50% interest.
Williams Partners' midstream business has primary service areas concentrated in major producing basins in Arkansas, Colorado, New Mexico, Oklahoma, Texas, Wyoming, the Gulf of Mexico, Louisiana, Pennsylvania, West Virginia, New York, and Ohio. The primary businesses are: natural gas gathering, treating, and processing; NGL fractionation, storage and transportation; crude oil transportation; and olefins production.
Williams Partners' gathering systems receive natural gas from producers' oil and natural gas wells and gather these volumes to gas processing, treating or redelivery facilities. The company owns and operates several natural gas treating facilities in New Mexico, Colorado, Texas, and Louisiana which bring natural gas to specifications allowable by major interstate pipelines. The company also owns and operates fractionation facilities at Moundsville, de-ethanization and condensate facilities at Oak Grove processing plant, another condensate stabilization facility near Oak Grove plant, and an ethane transportation pipeline.
The company's two condensate stabilizers are capable of handling more than 14,000 barrels per day (bbls/d) of field condensate. Its Oak Grove de-ethanizer is capable of handling up to approximately 80,000 bbls/d of mixed NGLs to extract up to approximately 40,000 bbls/d of ethane. The remaining mixed NGL stream from the de-ethanizer is then transported and fractionated at the company's Moundsville facilities, which are capable of handling more than 42,000 bbls/d per day of mixed NGLs. Ethane produced at the company's de-ethanizer is transported to markets through its 50-mile ethane pipeline from Oak Grove to Houston, Pennsylvania. In addition to the company's natural gas assets, Williams own and operate four deep-water crude oil pipelines and own production platforms serving the deep-water in the Gulf of Mexico.
The company own interests in and operate NGL fractionation and storage assets. These assets include a 50% interest in an NGL fractionation facility near Conway, Kansas, with capacity of slightly more than 100,000 bbls/d and Williams owns approximately 20 million barrels of NGL storage capacity. The company also own a 14.6% equity-method investment in Aux Sable and its Channahon, Illinois, gas processing and NGL fractionation facility near Chicago. The facility is capable of processing up to 2.1 billion cubic feet per day (Bcf/d) of natural gas from the Alliance Pipeline system and fractionating approximately 107 million barrels per day (Mbbls/d) of extracted liquids into NGL products. Additionally, Aux Sable owns an 80 million cubic feet per day (MMcf/d) gas conditioning plant and a 12-inch, 83-mile gas pipeline infrastructure in North Dakota that provides additional NGLs to Channahon from the Bakken Shale in the Williston basin. Under olefins production business, the company has an 88.5% undivided interest and operatorship of the olefins production facility in Geismar, Louisiana, along with a refinery grade propylene splitter, and pipelines in the Gulf region. In addition, Williams' olefins business operates an ethylene storage hub at Mont Belvieu using leased third-party underground storage caverns. The company's olefins production facility has a total production capacity of 1.95 billion pounds of ethylene and 114 million pounds of propylene per year.
The Canadian midstream operations include an oil sands offgas processing plant located near Fort McMurray, Alberta, and an NGL/olefin fractionation facility located at Redwater, Alberta, which is near Edmonton, Alberta, and the Boreal Pipeline which transports NGLs and associated olefins from the Fort McMurray plant to the Redwater fractionation facility. The Fort McMurray extraction plant has processing capacity of 121 MMcf/d with the ability to recover 26 Mbbls/d of olefin and NGL products. The Redwater fractionator has a liquids handling capacity of 26 Mbbls/d. The Boreal Pipeline is a 261-mile pipeline in Canada that transports recovered NGLs and olefins from the extraction plant in Fort McMurray to the Redwater fractionation facility. The pipeline has an initial capacity of 43 Mbbls/d that can be increased to an ultimate capacity of 125 Mbbls/d with additional pump stations. The company also market NGL products to a wide range of users in the energy and petrochemical industries. The NGL marketing business transports and markets the company’s equity NGLs from the production at its processing plants, and also markets NGLs on behalf of third-party NGL producers, including some of its fee-based processing customers, and the NGL volumes owned by Discovery.
Williams NGL & Petchem Services segment is comprised of Williams’ Texas Belle pipeline and certain other domestic olefins pipeline assets and certain Canadian growth projects under development, including a propane dehydrogenation facility and a liquids extraction plant. The segment is currently comprised primarily of projects under development and thus have had limited operating revenues to date. The company's other segment primarily comprises corporate operations including certain management, legal, financial, tax, consultation, information technology, administrative and other services for its subsidiaries. The segment also deals with Canadian construction Services Company.
Scope of the Report
-- About the Company - Historical Details, Current Ownership Structure and basic overview of The Williams Companies, Inc. in terms of revenue, net income, and operating income.
-- Financials - Details about The Williams Companies, Inc. listing status, annual financial reports (for the past 5 years), key financial highlights and region wise and category wise breakdown of their net revenue.
-- Products / Services - Listing of the company’s entire portfolio along with description of individual products / services providing a clear picture of their target audience.
-- Company SWOT Analysis - Outlines The Williams Companies, Inc.’s strengths, weaknesses, and opportunities and threats facing the company.
-- Recent Developments - Showcases The Williams Companies, Inc.’s recent developments including mergers, acquisitions, partnerships, collaborations, new product launches, investment and divestment plans.
-- Strategic Evaluation - Provides an overview of The Williams Companies, Inc.’s corporate goals and strategic initiatives and evaluates their outcomes along with outlining any persisting legal issues and outlook of our in-house analyst panel on the particular company.
-- Technology Landscape - Details how the company allocates its IT budget across the core areas of its business, CIO/CTO Profile, Key IT Initiatives and Deals undertaken buy the company at present along with outlook.
Key Questions Answered
-- What domain does The Williams Companies, Inc. operate and what are key points about it?
-- What is the product / service portfolio of The Williams Companies, Inc.?
-- How has The Williams Companies, Inc. performed financially from the 2013?
-- How does The Williams Companies, Inc. rank among its peers in terms of revenue and market share?
-- What are The Williams Companies, Inc. strengths and weaknesses and what opportunities and threats does it face?
-- What are The Williams Companies, Inc.’s main growth strategies and how successful has the company been at implementing them?
-- What is the in-house technical capability of The Williams Companies, Inc.? Where does it procure / outsource it?
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1. About the Company
1.1 History and Basic Facts
1.2 Ownership Structure and Key Executives
1.3 Head Office
1.4 Other Locations & Subsidiaries
1.5 List of Competitors
1.6 Employee Count & Distribution
2.1 Company Type (Listed / Unlisted)
2.2 Annual Statements
2.3 Key Financial Highlights
2.4 Region-wise Breakdown
3. Product / Services
4. SWOT Analysis
4.1 SWOT Overview
5. Recent Developments
5.1 Mergers & Acquisitions
5.2 Partnerships, Collaborations & Joint Ventures
5.3 New Product Launches
5.4 Business Expansion / Divestment
6. Strategic Evaluation
6.1 Corporate Strategy
6.2 Legal Issues
6.3 Analyst Outlook
7. Technology Landscape
-- 7.1.1 Industry Snapshot
-- 7.1.2 IT Spend
-- 7.1.3 Key Information Technology Trends
-- 7.2.1 IT Overview
-- 7.2.2 Key IT Technologies
-- 7.2.3 Recent IT Initiatives
-- 7.2.4 IT Outsourcing Engagements
-- 7.2.5 Key IT Management
-- 7.2.6 CIO/CTO Profile
-- About Us
-- Contact Us