M&A Deal Summary

NorthWestern Energy Acquires Devon - 900 Gas Wells

On December 2, 2013, NorthWestern Energy acquired oil/gas exploration company Devon - 900 Gas Wells from Devon Energy for 70M USD

Acquisition Highlights
  • This is NorthWestern Energy’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is NorthWestern Energy’s 2nd largest (disclosed) transaction.
  • This is NorthWestern Energy’s 3rd transaction in the United States.
  • This is NorthWestern Energy’s 2nd transaction in Montana.

M&A Deal Summary
Date 2013-12-02
Target Devon - 900 Gas Wells
Sector Oil/Gas Exploration
Buyer(s) NorthWestern Energy
Sellers(s) Devon Energy
Deal Type Divestiture
Deal Value 70M USD

Target

Devon - 900 Gas Wells

Montana, United States
Devon - 900 Gas Wells provides natural gas production field in northern Montana.

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Buyer(S) 1

Buyer

NorthWestern Energy

Sioux Falls, South Dakota, United States
Category Company
Founded 1923
Sector Energy Services and Equipment
Employees1,573
Revenue 1.4B USD (2023)
DESCRIPTION

NorthWestern Energy own and operate natural gas production, transmission and distribution systems serving 276,500 customers. NorthWestern Energy was founded in 1923 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 3 of 4
Sector (Oil/Gas Exploration) 2 of 2
Type (Divestiture) 2 of 2
State (Montana) 2 of 2
Country (United States) 3 of 4
Year (2013) 3 of 3
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-02 Havre Pipeline

Havre, Montana, United States

Havre Pipeline Co. LLC provides transportation services of natural gas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-26 Dynamic Renewables

Menasha, Wisconsin, United States

Dynamic Renewables is a full-service development company that provides waste recovery solutions to the agricultural and food processing industries. The company has finance, design, development, and operations capabilities that support its portfolio of operating and development-stage renewable natural gas assets. Dynamic Renewables was founded in 2011 and is based in Menasha, Wisconsin.

Buy -

Seller(S) 1

SELLER

Devon Energy

Oklahoma City, Oklahoma, United States
Category Company
Founded 1971
Sector Oil/Gas Exploration
Employees1,800
Revenue 15.3B USD (2023)
DESCRIPTION

Devon Energy a U.S. based independent natural gas and oil producers. The company's operations are focused on North American onshore exploration and production. Devon Energy was founded in 1971 and is based in Oklahoma City.

DEAL STATS #
Overall 8 of 11
Sector (Oil/Gas Exploration) 7 of 10
Type (Divestiture) 7 of 10
State (Montana) 1 of 1
Country (United States) 5 of 8
Year (2013) 2 of 2
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-20 Eagle Ford Shale

Texas, United States

Eagle Ford shale in South Central Texas. Since the formation of the partnership, GeoSouthern has made tremendous progress in developing its position in the eastern window of the Eagle Ford shale, an area that has since become known as the core of the play.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 Devon Energy - Victoria Express Pipeline Business

Oklahoma City, Oklahoma, United States

Devon Energy's Victoria Express Pipeline Business is a natural oil and gas exploration company.

Sell $171M
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