NorthWestern Corporation d/b/a NorthWestern Energy has completed the $70.2 million purchase (subject to customary post-closing adjustments) of operating and nonoperating natural gas production interests in northern Montana's Bear Paw Basin from Devon Energy Production Company, L.P. (Devon). This purchase also includes Devon's 82 percent interest in the Havre Pipeline Company, LLC.
"We're pleased to have secured another gas production asset in Montana that will help provide long-term supply price stability and reliability for our customers," said Bob Rowe, CEO. "We're also pleased to welcome the newest members of the team to the NorthWestern Energy family. We look forward to getting to know them as co-workers in the Havre area."