Enserco Energy sale to Twin Eagle Resource Mgmt

From ACC Member, Enserco Energy, Inc.,

Enserco Energy Inc. (“Enserco”) and its parent company, Black Hills Corporation (“Black Hills”), are pleased to announce the sale of Enserco to Twin Eagle Resource Management, LLC (“Twin Eagle”).  The sale is expected to close in the first quarter of 2012, after receipt of customary regulatory approvals,  from FERC and anti-trust clearance under the Hart Scott Rodino act.  […]

The combined enterprise of Enserco and Twin Eagle will represent a larger, stronger presence in the energy commodity marketplace.  With the acquisition of Enserco,  Twin Eagle will have broader geographic coverage for its North American operations with  offices located in Calgary, Chicago, Denver, Madisonville (KY) and Oklahoma City, in addition to its headquarters in Houston.  With a focus on Customers and their physical energy requirements, both  physical and financial services with energy and asset management will be provided in natural gas, crude oil, coal, power and environmental products in wholesale and retail markets in North America.  With a larger balance sheet and the support of a committed credit facility led by BNP Paribas, both companies are excited about the new opportunities for growth that this transaction presents. […]

Should you have any questions, don’t hesitate to contact Tori Campbell, Vice President and General Manager for Enserco at 303-568-3262 or Eric Watts, Senior Vice President for Twin Eagle at 713-341-7329.

Further information on this acquisition is available on both the Black Hills Corporation (pdf) and Twin Eagle Resource Management websites.

28. January 2012 by Jason Hayes
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