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April 28, 2014
08:07 EDTWPZWilliams makes plans to bring Opal facility back in service after fire
Williams Partners is deploying safety measures and performing initial assessment of damage in a small area of one of the five plants on its 160-acre Opal, Wyoming., gas-processing facility that was directly affected by a fire last week. In coordination with regulatory agencies, the company is assessing damage and developing preliminary plans to bring the other four plants back into service in a safe, systematic and timely manner. The capacity of the four undamaged plants totals 1.1B cubic feet of gas per day, which is sufficient to handle all of the natural gas currently available to the facility. The facility has been shut down since the incident occurred on April 23. There were no reported injuries or damage to property outside the facility. The plantís emergency procedures performed as designed. Although the company has not yet made a full assessment of all plant equipment, the initial visual assessment of damage indicates that the impact was largely limited to a small area of the TXP-3 unit. At the time of the incident, it was one of the four units the plant had running to handle recent daily inlet volumes of approximately 1B cubic feet of natural gas. The fifth unit was idle, serving as excess capacity for the facility. Information from the companyís visual inspection of the damage area indicates that there was a release of natural gas that was subsequently ignited. The focus of the investigation will be on the cause of the release and source of ignition. Company personnel are inspecting the damaged equipment in cooperation with regulatory authorities. The company plans a detailed assessment of damage, followed by development of plans to address the damaged equipment.
News For WPZ From The Last 14 Days
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June 26, 2015
16:32 EDTWPZStocks end week lower with Greece still searching for deal
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June 25, 2015
12:59 EDTWPZOptions with increasing implied volatility
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06:40 EDTWPZWilliams downgraded to Neutral from Overweight at JPMorgan
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June 24, 2015
07:18 EDTWPZCredit Suisse to hold a conference
2015 MLP & Energy Logistics Conference is being held in New York on June 23-24 with webcasted company presentations to begin on June 24 at 8 am; not all company presentations may be webcasted. Webcast Link
June 23, 2015
11:00 EDTWPZOptions with increasing implied volatility
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07:36 EDTWPZEnergy Transfer Equity bid for Williams positive, says RBC Capital
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June 22, 2015
17:04 EDTWPZOn The Fly: Top stock stories for Monday
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10:41 EDTWPZOptions with increasing implied volatility
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June 21, 2015
18:23 EDTWPZWilliams sees 10%-15% dividend growth through 2020
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18:21 EDTWPZWilliams to explore strategic alternatives after unsolicited proposal
Williams (WMB) announced that its board of directors has authorized a process to explore a "range" of strategic alternatives -- including a merger, a sale of Williams, or continuing the existing operating plan -- following receipt of an unsolicited proposal to acquire Williams in an all-equity transaction at a stated per share price of $64. The unsolicited proposal was contingent on the termination of Williamsí pending acquisition of Williams Partners (WPZ). With the assistance of its outside financial and legal advisors, the Williams board considered the unsolicited proposal and determined that it "significantly" undervalues Williams and would not deliver value commensurate with what Williams expects to achieve on a standalone basis and through other growth initiatives, including the pending acquisition of Williams Partners. During its strategic review process, Williams will continue to work towards the completion of the Partners transaction.
June 18, 2015
18:24 EDTWPZWilliams Partners' Geismar olefins plant achieves 87% production rate
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