Gas Natural sells its Wyoming Energy West assets to South Dakota company

MarketsAssociated Press

Energy West Inc. is selling its subsidiary, Energy West Wyoming Inc. to Black Hills Corp. for $17 million.

Energy West parent company Gas Natural Inc. announced the sale of the natural gas pipelines, real estate, equipment and contracts on Tuesday.

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The transaction is expected to close in six to 12 months, pending regulatory approval.

Energy West Wyoming serves about 6,700 customers in Cody and the surrounding region.

Gas Natural, a holding company, distributes and sells natural gas to about 73,000 customers in seven states, including Montana and Wyoming.

Black Hills Corp, based in Rapid City, South Dakota, serves 777,000 natural gas and electric customers in seven states including South Dakota, Montana and Wyoming.