Blue Racer Gas Facility Is Central to Williams Cos’ Dispute (1)

A possible initial public offering of a one-stop natural gas delivery “supersystem” has emerged as the trigger in a contract dispute between Oklahoma-based energy company The Williams Companies, Inc. and several of its co-investors.

Blue Racer Midstream, LLC, a natural gas facility and pipeline network in southeastern Ohio and the panhandle of West Virginia, became the early focus of questioning at the start of a two-day trial in Delaware’s Chancery Court June 25. Proposed changes to the LLC agreement that governs Blue Racer’s scope of business could hurt Williams’ other interests, the company’s president and chief executive officer Alan ...