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Williams and Targa place midstream gas assets in MLP units.

Publication: The Oil Daily
Publication Date: 17-NOV-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Williams and Targa place midstream gas assets in MLP units.(Targa Oil and Gas Inc., Williams Pipe Line Co. sell assets to their master limited partnership business)

Article Excerpt
Natural gas asset owners continue to like the master limited partnership business (MLP) model for their fee-based and often unregulated businesses, as demonstrated by transactions disclosed on Thursday by Williams and Targa Resources.

Tulsa-based Williams said it would sell the remaining 74.9% interest in the Williams Four Corners gas-gathering and processing system to its MLP affiliate Williams Partners for $1.22 billion. The MLP acquired the...

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