The potential acquisition would mark one of Williams’ largest deals, expanding its natural gas pipeline network.
Williams is in advanced talks to acquire Momentum Midstream for approximately $5.5 billion, sources said. The deal would bolster the Tulsa-based company’s position in the U.S. natural gas pipeline sector and could be announced within weeks.
Momentum Midstream, backed by private equity firm EnCap Flatrock Midstream, operates key gas infrastructure assets. The transaction would rank among Williams’ largest acquisitions but remains subject to final approval.
No immediate market reaction was reported, though the deal underscores growing consolidation in the energy midstream space.