NorthWestern buys natural gas wells, pipeline

Published on NewsOK Modified: December 3, 2013 at 2:43 pm •  Published: December 3, 2013
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HELENA, Mont. (AP) — NorthWestern Energy has completed its $70.2 million purchase of natural gas wells and pipelines in north-central Montana.

The company said Monday it purchased natural gas production interests in the Bear Paw Basin from Devon Energy Production Co. The purchase includes Devon's 82 percent interest in the Havre Pipeline Co.

The deal includes 63 billion cubic feet of reserves and 900 producing wells along with more than 82 miles of transmission lines, 576 miles of gathering lines and 21 compressors in Blaine, Choteau and Hill counties.

Devon's 5.6 billion cubic feet of production in 2013 amounts to 28 percent of NorthWestern's natural gas supply.

NorthWestern CEO Bob Rowe says the purchase will help the company provide price stability and reliability to its customers.

Twenty-nine former Devon Energy employees accepted positions with NorthWestern Energy.



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