M&A Deal Summary

CenterPoint Energy Acquires Asgard Energy

On November 1, 2011, CenterPoint Energy acquired oil/gas exploration company Asgard Energy

Acquisition Highlights
  • This is CenterPoint Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is CenterPoint Energy’s 3rd transaction in the United States.
  • This is CenterPoint Energy’s 1st transaction in Colorado.

M&A Deal Summary
Date 2011-11-01
Target Asgard Energy
Sector Oil/Gas Exploration
Buyer(s) CenterPoint Energy
Deal Type Add-on Acquisition

Target

Asgard Energy

Denver, Colorado, United States
Asgard, headquartered in Denver, Colo. is a natural gas marketing company that supplies natural gas to commercial, industrial, agricultural and residential customers in five states including Colorado, Kansas, Nebraska, Wyoming and West Virginia.

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Buyer(S) 1

Buyer

CenterPoint Energy

Houston, Texas, United States
Category Company
Founded 1866
Sector Utilities
Employees8,827
Revenue 8.7B USD (2023)
DESCRIPTION
CenterPoint Energy's corporate headquarters in downtown Houston, Texas.
CenterPoint Energy's corporate headquarters in downtown Houston, Texas.

CenterPoint Energy is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, and energy services operations. CenterPoint Energy owns and operates natural gas distribution systems. CenterPoint also offers variable and fixed-price physical natural gas supplies primarily to commercial and industrial customers and gas utilities. CenterPoint Energy was founded in 1866 and is based in Houston, Texas.

DEAL STATS #
Overall 3 of 9
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 2 of 2
State (Colorado) 1 of 1
Country (United States) 3 of 9
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-17 Nordic Energy - Commercial Gas Accounts

United States

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-19 Martin Midstream East Texas & Northwest Louisiana natural Gas Assets

United States

Martin Midstream East Texas & Northwest Louisiana natural Gas Assets, comprises Waskom Gas Processing Company, Woodlawn gas processing plant and gathering McLeod, Hallsville and Darco gas gathering systems and East Texas condensate gathering system.

Buy $275M
Mergr

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