NorthWestern Energy purchases natural gas assets in Montana

Montana Flag

NorthWestern Energy (NYSE: NWE), which provides electricity and natural gas in the Upper Midwest and Northwest, serving approximately 673,200 customers in Montana, South Dakota and Nebraska, has completed a $70.2 million purchase of natural gas production interests in northern Montana's Bear Paw Basin from Devon Energy Production Company, L.P. (Devon). This purchase also includes Devon's 82 percent interest in the Havre Pipeline Company, LLC.  

Devon's interest also includes an 82 percent ownership in a limited liability company that owns and operates the Havre Pipeline with 82 miles of transmission lines, 576 miles of gas gathering lines, and 21 compressors in Blaine, Chouteau and Hill Counties.

The transaction would represent about 28 percent of NorthWestern's supply portfolio. With the Battle Creek, current Bear Paw assets and the Devon transaction, NorthWestern production would supply 37 percent of the core customer needs.

The sale is subject to customary post-closing adjustments.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...