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  6. Hiland Partners Acquires Outrigger Energy II - Natural Gas Gathering and Processing System in North Dakota

M&A Deal Summary

Hiland Partners Acquires Outrigger Energy II - Natural Gas Gathering and Processing System in North Dakota

On February 18, 2025, Hiland Partners acquired oil/gas exploration company Outrigger Energy II - Natural Gas Gathering and Processing System in North Dakota from Outrigger Energy II for 640M USD

Acquisition Highlights
  • This is Hiland Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Hiland Partners’ largest (disclosed) transaction.
  • This is Hiland Partners’ 1st transaction in the United States.
  • This is Hiland Partners’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2025-02-18
Target Outrigger Energy II - Natural Gas Gathering and Processing System in North Dakota
Sector Oil/Gas Exploration
Buyer(s) Hiland Partners
Sellers(s) Outrigger Energy II
Deal Type Divestiture
Deal Value 640M USD

Target

Outrigger Energy II - Natural Gas Gathering and Processing System in North Dakota

North Dakota, United States
Outrigger Energy II's Natural Gas Gathering and Processing System in North Dakota includes a 270 million cubic feet per day (MMcf/d) processing facility and a 104-mile, large-diameter, high-pressure rich gas gathering header pipeline with 350 MMcf/d of capacity connecting supplies from the Williston Basin area to high-demand markets.

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Buyer(S) 1

Buyer

Hiland Partners

Enid, Oklahoma, United States
Category Company
Founded 2004
Sector Oil/Gas Exploration
DESCRIPTION

Hiland Partners LP is a midstream energy company.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Outrigger Energy II

Denver, Colorado, United States
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Outrigger Energy II is a midstream company focused on greenfield project development with current systems operating and under construction in the DJ and Willston Basins. Outrigger Energy II services include natural gas gathering, compression, processing, and treating, NGL fractionation, crude oil and water gathering, and comprehensive marketing services. Outrigger Energy II is based in Denver, Colorado.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (North Dakota) 1 of 1
Country (United States) 1 of 1
Year (2025) 1 of 1
Size (of disclosed) 1 of 1
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