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Stock Market & Financial Investment News

News Breaks
April 24, 2014
05:16 EDTWMB, WPZWilliams Partners shuts down Opal, WY gas processing facility after explosion
Williams Partners (WPZ) and Williams (WMB) reported an explosion and fire at approximately 2 p.m. Mountain Time at their natural gas processing facility in Lincoln County, WY, near the town of Opal. There were no reported injuries or damage to property outside the facility. The facility was immediately shut down and emergency procedures were activated. All personnel were safely evacuated from the facility. First-responders evacuated an area that includes the town of Opal and closed Highway 30 in proximity to the plant. Williams is making accommodations for the displaced residents. The companyís top priority right now is ensuring the safety of our employees and surrounding community, as well as cooperating with the local authorities and regulatory agencies. Natural-gas gathering from surrounding producing areas is temporarily suspended as a result of the incident. The company is evaluating alternatives so that natural gas production can resume as soon as possible. The Opal facility processes natural gas gathered from wells in the area in preparation for interstate natural gas pipeline transport. It also produces natural gas liquids from the natural gas. The Opal plant has an inlet capacity of 1.5B cubic feet of natural gas per day. Recent daily volumes have been approximately 1B cubic feet of natural gas. The incident is known to have affected TXP-3, one of the five cryogenic processing trains that comprise the Opal facility. It is too early to determine the extent of damage to the facility or a timeline for return to service. Once it is safe to return to the plant, Williams will conduct a thorough investigation into the cause of the incident in cooperation with regulators.
News For WPZ;WMB From The Last 14 Days
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April 29, 2015
16:27 EDTWMBWilliams backs FY15 dividend $2.38 per share
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16:25 EDTWMBWilliams backs FY17 adjusted EBITDA $5.83B-$6.28B
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16:25 EDTWMBWilliams backs FY16 adjusted EBITDA $5.17B-$5.58B
Backs FY16 capital and investment expenditures $3.30B-$3.91B.
16:24 EDTWMBWilliams backs FY15 adjusted EBITDA $4.35B-$4.68B
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16:22 EDTWMBWilliams reports Q1 adjusted EPS 16c, consensus 15c
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16:20 EDTWPZWilliams Partners reports Q1 adjusted EBITDA $97M
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15:00 EDTWMBNotable companies reporting after market close
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April 24, 2015
18:03 EDTWPZWilliams Partners Geismar plant consistently producing ethylene
Williams Partners announced its Geismar, La. olefins plant resumed consistent operations in late March and is expected to produce ethylene at the base plantís production rate through May. The process to achieve its full expanded production rate will be ongoing through June. The expanded plant was ramping up when a new transformer that supplied power to a plant expansion compressor unexpectedly failed. The transformer is being repaired at the original manufacturerís facility. The plant continues to improve production rates due to the ability to use equipment installed as part of the plantís expansion. The plantís expanded production rate is expected to be reached shortly after the repaired transformer is re-installed. Base ethylene production capacity at the plant is 1.35B pounds per year and the expanded capacity is 1.95B pounds per year. Williams Partnersí share of the total capacity of the expanded plant is approximately 1.7B pounds per year. The partnership will provide an update on the status of the plantís operations during a scheduled April 30 investor conference call.

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