Williams’ Performance Earns ‘Producer’ Award

In less than a decade, Tulsa-based Williams built its Exploration & Production unit from less than 100 million cubic feet of gas equivalent per day in production to an average of more than 830 mmcfe per day at the end of third-quarter 2006.
That performance, specializing in the development of unconventional reserves, including tight-sands gas, coal-bed methane and shale, earned the company recognition during the Global Energy Awards.
Williams was named Hydrocarbon Producer of the Year at ceremonies in New York.
Williams was recognized for its success in adding reserves, achieving an attractive ROI, applying new drilling technology, ensuring environmental stewardship and operational safety, executing a strategic vision to dramatically increase production and demonstrating industry leadership.
Williams primarily develops these natural gas reserves in the Piceance, Powder River, San Juan, Arkoma and Fort Worth basins.
“Williams believes in responsible development,” said Steve Malcolm, chairman, president and CEO. “We work closely with contractors, communities and regulators to help produce the energy that our nation needs. Our challenge and our opportunity is to continue to earn the respect of stakeholders in every basin where we’re developing our large inventory of low-risk reserves.”
In 2005, Williams partnered with a contractor to develop and engineer a new generation of rig. Through applying offshore drilling technology to land, the new rig can simultaneously drill, complete and produce.
These rigs, which are custom-built for conditions in the Piceance Basin, are designed to drill up to 22 wells from a single location utilizing a skid system that allows it to move side-to-side, forward and backward without being disassembled.
Williams’ goal is to increase its natural gas production to more than 1 billion cubic feet per day. The company has previously announced its plan to invest more than $3 billion in this business during 2006-2008.
Williams’ drilling activity last year resulted in the addition of 603 billion cubic feet equivalent in net reserves – a replacement rate for its U.S. production of 277 percent in 2005.
Ralph A. Hill, who has been with the company for 25 years, leads the Exploration & Production unit. Williams has 550 employees in this business.
“This is truly an exceptional recognition of the hard work and dedication that our employees show every day,” Hill said. “I thank them deeply for their efforts to make Williams the best in the industry. Our commitment to new technology, respecting the environment and building community relationships is a major part of our core values.”
The Global Energy Awards have been held every year since 1999. Platts – a division of The McGraw-Hill Cos. that publishes information about worldwide energy markets and news, sponsors the competition.
Williams’ Malcolm was a finalist for CEO of the Year. The category featured a total of 23 nominees and 11 finalists from four countries. Finalists were selected for demonstrating integrity, courage, vision, decisiveness and leadership.
Williams’ 14,000-mile natural gas pipeline business also was a finalist for Energy Transporter of the Year. ?

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