Several recent large mergers and acquisitions (M&A) in the U.S. oil and gas sector have taken place in recent months, underscoring robust appetite for the sector.
U.S. natural gas, in particular, is increasingly finding itself at the center of several of the industry’s most significant demand trends. According to an annual benchmarking study released in September by EY, long-term natural gas demand is being largely propelled by growing demand for liquefied natural gas, rising electricity consumption and the expansion of AI-related infrastructure and data centers.
Against this backdrop, EnCap Flatrock Midstream has plans to sell Momentum Midstream (M6), an independent midstream energy company, to U.S. midstream company Williams for $5.5 billion. M6 operates a premier large-scale natural gas system, including more than 4,000 miles of gathering and transmission pipelines, supported by more than 1 million dedicated acres delivering critically important natural gas to