Hess to Acquire Retail Gas Marketer Active in Seven States

Hess Corporation and Delta Energy LLC have announced an agreement for Hess to acquire the commodity business of Delta Energy, a regional natural gas marketing company with commercial and industrial (C&I) and small business customers in seven states including Ohio and Pennsylvania.

The acquisition includes Delta's natural gas marketing business and associated operations.

Hess Energy Marketing has been a supplier in Ohio since 2000 and, with this acquisition, said that it will become the No. 1 natural gas C&I supplier in the state. Hess Corporation said that it is committed to developing Ohio's Utica Shale resources and already has invested more than $1.3 billion locally.

"We see this transaction as an ideal fit with the expertise, product offerings and geographic footprint of our growing Energy Marketing business," said John Gartman, senior vice president Hess Energy Marketing. "We look forward to providing Delta's customers with a broad product offering along with comprehensive energy services and solutions."

The majority of Delta commodity employees will join Hess and remain in Dublin, Ohio.

The transaction is expected to close this fall.

Delta Energy Services, LLC (DES) is a separate legal entity and is not included in the transaction. DES will continue to provide energy management consulting services for industrial clients worldwide, which has been the company's core business since its formation in 1997. The company will continue to operate from its Dublin, Ohio headquarters under the leadership of Sheri Tackett, CEO and founder, and Justin McMaster, senior vice president.