CFO at US shale company Williams to retire
Oklahoma-based shale player Williams said August 23 that its senior vice president and CFO is retiring, effective next year.
John Chandler joined Williams as CFO in 2017, after serving in a similar capacity for more than a decade at Magellan Midstream Partners, which spun off from Williams in 2003. His retirement date is set for March 31, 2022.
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“During Chandler’s tenure, Williams strengthened its balance sheet, improved across many key credit rating metrics and achieved significant deleveraging, driving consistent value to Williams shareholders,” the company said.
Williams in July formed a joint venture with Crowheart Energy at the Wamsutter oil and gas field, situated largely in Wyoming.
The acreage was held primarily by BP and the company said the transaction puts several regional assets under one umbrella, which it said will lead to cost savings and an expanded overall inventory.
All of the natural gas liquids from legacy upstream assets will be dedicated for Williams, which it said would support volume on the Overland Pass and Bluestem pipelines.
Overland runs from Wyoming to Kansas, with interconnections to Colorado. It has a transport design capacity of approximately 140,000 b/d of natural gas liquids.
Bluestem, with a project capacity of 120,000 b/d of natural gas liquids, runs from Oklahoma to Kansas.