M&A Deal Summary

HighMount Exploration & Production Acquires Dominion Resources - Gas Exploration Production

On July 31, 2007, HighMount Exploration & Production acquired oil/gas exploration company Dominion Resources - Gas Exploration Production from Dominion Energy for 4.0B USD

Acquisition Highlights
  • This is HighMount Exploration & Production’s 1st transaction in the Oil/Gas Exploration sector.
  • This is HighMount Exploration & Production’s largest (disclosed) transaction.
  • This is HighMount Exploration & Production’s 1st transaction in the United States.

M&A Deal Summary
Date 2007-07-31
Target Dominion Resources - Gas Exploration Production
Sector Oil/Gas Exploration
Buyer(s) HighMount Exploration & Production
Sellers(s) Dominion Energy
Deal Type Divestiture
Deal Value 4.0B USD

Target

Dominion Resources - Gas Exploration Production

United States
A natural gas exploration and production company.

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Buyer(S) 1

Buyer

HighMount Exploration & Production

Houston, Texas, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

HighMount Exploration & Production LLC, a oil and gas exploration and production company.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Dominion Energy

Richmond, Virginia, United States
Category Company
Founded 1983
Sector Utilities
Employees17,700
Revenue 14.4B USD (2023)
DESCRIPTION
Dominion's corporate headquarters in downtown Richmond, Virginia.
Dominion's corporate headquarters in downtown Richmond, Virginia.

Dominion Energy is a producer and transporter of energy, with a portfolio of approximately 25,700 megawatts of electric generation, 15,000 miles of natural gas transmission, gathering, storage, and distribution pipeline, and 6,600 miles of electric transmission and distribution lines. Dominion Energy was founded in 1983 and is based in Richmond, Virginia.

DEAL STATS #
Overall 1 of 12
Sector (Oil/Gas Exploration) 1 of 5
Type (Divestiture) 1 of 12
Country (United States) 1 of 12
Year (2007) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-05 Kewaunee Power Station

Carlton, Wisconsin, United States

Kewaunee Power Station comprises an electricity generation plant.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 Dominion Gas

Pittsburgh, Pennsylvania, United States

Dominion (Peoples) Gas Corp. engages in the production of gas.

Sell $780M
Mergr

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