Southwestern Energy Acquires Indigo Natural Resources for ~$2.7B

Northwest Natural Holding Company to Acquire SiEnergy Operating, LLC

January 8, 2025

Utilities

Northwest Natural Holding Company (NYSE: NWN) entered into an agreement to acquire SiEnergy Operating, LLC from SiEnergy Capital Partners, LLC for $273 million in cash plus the assumption of $152 million of debt. Ridgewood Infrastructure announced the successful sale of its 80% interest in SiEnergy to Northwest Natural.

TG Natural Resources Acquires Rockcliff Energy II from Quantum for $2.7 Billion

December 15, 2023

Energy

TG Natural Resources LLC (backed by Tokyo Gas America and Castleton Commodities International) agreed to acquire 100% of Rockcliff Energy II LLC from Quantum Energy Partners/Quantum Capital Group for approximately $2.7 billion. Rockcliff is an upstream natural gas producer focused on the East Texas Haynesville shale with field headquarters in Longview, Texas and ~1.3 Bcf/d gross operated production; the deal closed following customary approvals.

Williams Acquires Haynesville Gathering and Processing Assets from Trace Midstream for $950M

March 14, 2022

Energy

Williams has agreed to acquire the Haynesville gathering and processing assets of Trace Midstream in a transaction valued at $950 million. The deal expands Williams' footprint and gathering capacity in the Haynesville basin, and includes a related long-term capacity commitment from Rockcliff and a joint-venture equity partnership with Quantum to support Williams' Louisiana Energy Gateway project.

Southwestern Energy Acquires GEP Haynesville LLC

December 31, 2021

Oil & Gas

Southwestern Energy Company has closed the acquisition of GEP Haynesville, LLC, expanding its scale and inventory in the Haynesville natural gas basin. The deal was funded in part by a $1.15 billion senior notes offering and a $550 million institutional term loan and is expected to strengthen Southwestern's financial metrics and presence in premier U.S. gas basins.

Gas South Acquires Infinite Energy

October 20, 2020

Energy

Gas South agreed to acquire Florida-based Infinite Energy, acquiring its wholesale and retail natural gas business and customer list (the companies said the deal would close by end of 2020 subject to regulatory approvals). The transaction will more than double Gas South's annual revenue to about $1 billion and expand its customer base across the Southeast; Infinite Energy's Texas retail electricity business is excluded from the sale.

DTE Midstream Acquires Haynesville Gathering System and 36" Pipeline from Momentum Midstream and Indigo Natural Resources

October 22, 2019

Oil & Gas

DTE Midstream (a unit of DTE Energy) agreed to acquire a gathering system and a 150-mile, 36" gathering pipeline in the Haynesville shale from Momentum Midstream and Indigo Natural Resources for $2.25 billion in cash plus a $400 million milestone payment. The assets include an existing 1.2 Bcf/d gathering system (expandable to 2 Bcf/d) and a pipeline under construction; both assets are supported by long-term contracts and provide DTE enhanced access to Gulf Coast and Louisiana gas markets. The transaction was approved by DTE's board, expected to close in Q4 2019, and was reported as officially closed on December 4, 2019.