News Summary

SiEnergy Operating, a subsidiary of Northwest Natural Holding Company, is set to acquire EPCOR’s Texas gas utility, Hughes Gas Resources, for $60 million. With assets serving 6,900 metered connections, this acquisition will enhance natural gas services across 12 communities in Texas, leveraging SiEnergy’s expertise for improved infrastructure and reliability. Mark your calendars for the expected closing in the second quarter of 2025, heralding a brighter future for natural gas customers in the Lone Star State.

Exciting News for Texas Gas Customers as SiEnergy to Acquire EPCOR’s Natural Gas Utility!

Big changes are afoot in the natural gas landscape of Texas! On May 5, 2025, it was announced that SiEnergy Operating, the proud subsidiary of Northwest Natural Holding Company, is set to acquire EPCOR’s Texas gas utility and transmission assets for a cool $60 million. This nail-biting deal involves the acquisition of 100% interest in Hughes Gas Resources Inc., also famously known as EPCOR Texas Gas. Get ready for some exciting developments, folks!

The Big Picture

Located in the heart of Texas, northeast of Houston, Hughes Gas Resources serves an impressive 6,900 metered connections across 12 communities. That’s a whole lot of homes and businesses relying on their natural gas! This acquisition will also bring with it an extensive network of 353 miles of pipeline. That’s more spaghetti piping than you might think!

Since its inception in 2017, EPCOR Texas Gas has operated these assets, but now the company is shifting gears to concentrate on its strategies in the water sector within the Lone Star State. This sale is a strategic maneuver aimed at letting EPCOR focus on the water opportunities they see as more promising. For SiEnergy, however, this acquisition is viewed as a golden opportunity to expand its reach.

What’s Next?

Mark your calendars because the acquisition is anticipated to close in the second quarter of 2025. This means that a smoother, more reliable gas service could soon be on the horizon for Texas residents. With SiEnergy’s robust experience as a natural gas utility operator and their existing utility footprint, customers can expect enhanced service. It’s like a natural gas glow-up!

A Company on the Move

SiEnergy’s parent company, Northwest Natural Holdings, has its fingers in various energy-related pies, including Northwest Gas Co. and N.W. Natural Water Co.. This acquisition of EPCOR Texas Gas falls right in line with SiEnergy’s broader regional growth strategy. They’re ready to make waves in the Texas gas market, turning heads with their expanded presence in metro Houston.

Customer Benefits

The deal is not just a win for SiEnergy but also a major plus for natural gas customers in Texas. With the backing of Northwest Natural Holdings, SiEnergy will tap into its extensive experiences in the industry to enhance services for existing customers. Not only does this mean just keeping the lights on – or in this case, the stoves lit – but it also means providing improved infrastructure and reliability.

What’s more, Hughes Gas Resources has seen impressive growth over the years by supplying crucial infrastructure to both residential and commercial developments, which means a bustling future likely awaits as SiEnergy takes the reins.

Looking Ahead

As we look forward to the completion of this acquisition, it’s clear that the Texas natural gas landscape is about to get a significant upgrade. With SiEnergy poised to take charge and bring their expertise to the table, customers can rest easy knowing that their gas needs are in capable hands. So, here’s to bright futures and reliable gas service!

In the world of business, changes like this can sometimes lead to trepidation, but with the excitement surrounding SiEnergy’s new acquisition, the promise of improved service for Texas natural gas customers is definitely something to shout about!

SiEnergy to Acquire EPCOR’s Texas Gas Utility