CAREERS LOGINS HOME WHO WE ARE WHAT WE DO COMMUNITY NEWS CONTACT More than Just a Midstream Company At the heart of Momentum’s operations is a commitment to safety, the environment and making a positive impact in the communities where we work and live. We want to be more than just a midstream company; we want to be a good neighbor. Learn More WHAT WE DO Learn More PAST PROJECTS Learn More COMPANY HISTORY Learn More LATEST NEWS Williams and Canada Pension Plan Investment Board to Form a US$3.8 Billion Strategic Joint Venture Partnership in the Marcellus/Utica Basins. Read More Copyright © 2021 Momentum Midstream LLC All rights reserved. 600 Travis Street, Suite 5600 Houston, TX 77002 | 713.783.3000 o Sitemap Privacy Policy Website by Redbird Communications Group

CAREERS LOGINS HOME WHO WE ARE WHAT WE DO COMMUNITY NEWS CONTACT News Williams and Canada Pension Plan Investment Board to Form a US$3.8 Billion Strategic Joint Venture Partnership in the Marcellus/Utica Basins March 18, 2019 Williams TULSA, Okla. & TORONTO--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced a series of transactions that will establish a new platform for the optimization of its midstream operations in the western Marcellus and Utica basins through a long-term partnership with Canada Pension Plan Investment Board (“CPPIB”). Williams and CPPIB have entered into a definitive agreement to establish a US$3.8 billion joint venture that will include Williams’ 100 percent owned Ohio Valley Midstream system (“OVM”) and 100 percent of Utica East Ohio Midstream system (“UEO”). CPPIB will invest approximately $1.34 billion (subject to closing adjustments) for a 35 percent ownership stake in the joint venture. Williams will retain 65 percent ownership, will operate the combined business, and will consolidate the financial results of the joint venture in Williams’ financial statements. Concurrent with signing the agreement with CPPIB to purchase a 35 percent interest in the joint venture, Williams purchased the remaining 38 percent stake in UEO from Momentum Midstream and will take over operatorship. The UEO acquisition was signed and closed today. UEO is involved primarily in the processing and fractionation of natural gas and natural gas liquids in the Utica Shale play in eastern Ohio. Read the full release Copyright © 2021 Momentum Midstream LLC All rights reserved. 600 Travis Street, Suite 5600 Houston, TX 77002 | 713.783.3000 o Sitemap Privacy Policy Website by Redbird Communications Group