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Williams Partners closes sale of Delaware Basin assets to Anadarko, ETP

Williams Partners LP completed sales of its interest in a gas processing plant in the Delaware Basin to Anadarko Petroleum Corp. and Energy Transfer Partners LP for a total of $45 million, furthering a push out of the basin and into the Marcellus Shale.

Anadarko and ETP each received half of Williams Partners' one-third interest in Ranch Westex, owner of the Bone Springs processing plant, for $22.5 million in cash.

The sales come on the heels of a previously announced deal where Williams Partners received $155 million in cash from Western Gas Partners LP and increased its ownership stake in the Rome and Liberty gas gathering systems in northern Pennsylvania by 33.75%. In return, Western Gas received Williams Partners' 50% stake in certain Delaware Basin gathering systems it already operates.

Williams Partners now owns 67.5% of the Rome and Liberty systems. Rome and Liberty, which has a current throughput of about 1.6 Bcf/d, is included in Williams Partners' Bradford Supply Hub in its Northeast gathering and processing segment.

Williams plans to use the cash consideration from the transactions for general partnership purposes, such as funding growth capital.