Northwoods Energy $500 million acquisition of SM Energy's Powder River Basin assets

Overview:

• Northwoods Energy has acquired SM Energy's Powder River Basin assets for $500 million.
• Northwoods is backed by private equity firm Apollo Global Management. 
• The assets consist of 112,200 acres spread out over three counties in Wyoming.
• SM Energy still owns approximately 28,000 acres in the Powder River Basin. 
• Tudor Pickering Holt provided financial advice to the acquirer.

Katrin Kostadinova - Data analyst