Williams buys $258 million in properties

RBC I Williams announced Monday that it has agreed to purchase additional properties in the Piceance valley east of the company’s existing assets from a private company for approximately $258 million.
The parties expect the transaction to close near the end of the third quarter.
The assets, which are geologically similar to other Williams assets in the Piceance Valley, could represent an estimated 795 billion cubic feet equivalent (Bcfe) of net reserves. Of the estimated…