M&A Deal Summary

Dominion Energy Acquires Consolidated Natural Gas

On April 17, 2002, Dominion Energy acquired oil/gas exploration company Consolidated Natural Gas

Acquisition Highlights
  • This is Dominion Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Dominion Energy’s 3rd transaction in the United States.
  • This is Dominion Energy’s 1st transaction in Virginia.

M&A Deal Summary
Date 2002-04-17
Target Consolidated Natural Gas
Sector Oil/Gas Exploration
Buyer(s) Dominion Energy
Deal Type Add-on Acquisition

Target

Consolidated Natural Gas

Richmond, Virginia, United States
Consolidated Natural Gas Co. engages in the exploration for and production of oil and gas, and provision of energy marketing services.

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Buyer(S) 1

Buyer

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 3 of 27
Sector (Oil/Gas Exploration) 2 of 4
Type (Add-on Acquisition) 2 of 4
State (Virginia) 1 of 5
Country (United States) 3 of 27
Year (2002) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-02-26 Mirant State Line Ventures

United States

Mirant State Line power station, a 515-MW coal-fired generation facility outside Hammond, near the Indiana-Illinois border.

Buy $182M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-09-05 Cove Point LNG Limited Partnership

United States

Cove Point LNG Limited Partnership, a liquified natural gas import facility.

Buy $217M
Mergr

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