Professional M&A intelligence for the energy transition
Berkshire Hathaway Energy completed its $9.7 billion acquisition of Dominion Energy's natural gas transmission and storage business in November 2020. The deal included over 7,700 miles of pipelines and 900 Bcf of storage.
Dominion Energy (NYSE: D) closed the sale of Questar Pipelines to Southwest Gas Holdings in a deal valued at $1.98 billion, including the assumption of $430 million of existing debt. Questar Pipelines consists of FERC-regulated, long-term contracted transportation and underground storage assets in Utah, Wyoming and Colorado, together with related services and processing entities.
Enbridge completed its $6.6 billion acquisition of Dominion Energy's East Ohio Gas in March 2024. The deal made Enbridge the largest natural gas distribution utility in North America by volume, serving approximately 7 million customers across multiple states.
Enbridge completed its $3.4 billion acquisition of Dominion Energy's Questar Gas in May 2024. The deal added Utah-based gas distribution serving approximately 1.2 million customers.
Williams (NYSE: WMB) closed its acquisition of MountainWest Pipelines Holding Company from Southwest Gas Holdings (NYSE: SWX) in a deal including $1.07 billion of cash and $0.43 billion of assumed debt, for an enterprise value of $1.5 billion. The deal added 2,000 miles of interstate pipelines across Utah, Wyoming, and Colorado. MountainWest also operates 56 […]
Woodside Energy completed its all-stock merger with BHP's petroleum business in June 2022 to create one of the world's top 10 independent E&P companies by production. The combined entity was valued at approximately $28 billion and produces approximately 200 mmboe annually.
Williams Companies acquired Cureton Front Range for approximately $550 million in August 2024. The deal added gathering and processing assets serving the Denver-Julesburg Basin.
ConocoPhillips (NYSE: COP) acquired a 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.65 billion. The ConocoPhillips subsidiary now owns a 47.5% interest in APLNG, with Origin Energy and Sinopec owning 27.5% and 25% interests, respectively. Based on the new 47.5% ownership interest and a full-year average Brent price of $78 […]
Williams (NYSE: WMB) acquired a portfolio of natural gas storage assets from an affiliate of Hartree Partners LP for $1.95 billion. The deal includes six underground natural gas storage facilities located in Louisiana and Mississippi with total capacity of 115 billion cubic feet, as well as 230 miles of gas transmission pipeline and 30 pipeline […]
MidOcean Energy, a liquefied natural gas (LNG) company formed and managed by EIG, acquired Tokyo Gas Co., Ltd.'s interests in a portfolio of Australian integrated LNG projects. The acquisition includes Tokyo Gas' interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects. The portfolio benefits from experienced operators, including Chevron, Woodside and Shell, […]