WBI Energy

Name

WBI Energy

Legal name

WBI Energy, Inc.

Website

https://wbienergy.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Natural Gas Transmission

NAICS

Pipeline Transportation of Natural Gas (48621), Pipeline Transportation of Natural Gas (4862)

SIC

Natural Gas Transmission (4922), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Interstate / Long-Haul Natural Gas Transmission (Trunklines) (TLAGACAA)

akta.pro secondary industries

Natural Gas Compressor Stations & Metering/Regulation Stations (TLAGAKAD), Natural Gas Transmission Pipeline Operations & Maintenance (O&M) (TLAGACAJ)

Keywords

• Natural gas transmission
• Interstate pipeline services
• Natural gas storage
• Gas transportation services
• Cathodic protection services

Headquarters

HQ city

Bismarck

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Natural Gas Transportation Services: WBI Energy provides natural gas transportation services for customers who arrange to receive gas. The company does not buy or sell natural gas — it delivers natural gas to customers who arrange for delivery. Customers include local distribution companies (natural gas utilities serving homes and businesses), industrial facilities, power plants, natural gas producers, and marketers. Revenue is derived from transportation service agreements and fees for pipeline capacity.
2. Natural Gas Storage Services: Two underground storage fields in Montana and Wyoming provide storage services to local distribution companies, producers, natural gas marketers and others. Storage services enhance system deliverability and generate fee revenue.
3. Corrosion Services: WBI Energy's Corrosion Services Division provides cathodic protection design, implementation, monitoring, and solar systems for remote locations. This nonregulated energy-related service generates additional revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

WBI Energy provides regulated interstate natural gas transportation services through its approximately 3,840-mile pipeline system spanning Minnesota, Montana, North Dakota, South Dakota, and Wyoming, with 2.90 Bcf/day of transportation capacity. The company also operates two underground natural gas storage fields in Montana and Wyoming (350 Bcf total capacity, 193 Bcf working gas) and offers nonregulated corrosion protection services through its Corrosion Services Division. WBI Energy does not buy or sell natural gas; it transports gas on behalf of local distribution companies, industrial facilities, power plants, natural gas producers, and marketing companies.

Product overview

WBI Energy operates as a regulated natural gas transmission and storage company providing essential energy delivery infrastructure. The core offerings include natural gas transportation services via approximately 3,800 miles of interstate transmission pipeline spanning five states, supplemented by underground storage services with 350 Bcf total capacity across Montana and Wyoming facilities. The company also provides nonregulated corrosion protection services through its WBICorrosion division. Customers access services through the WBI Energy Transmission website/EBB for scheduling and rate information. Individual connections are facilitated through farm tap services, with options for direct agency, marketing company, or utility company arrangements. The company serves a diverse customer base including local distribution companies, industrial facilities, gas producers, power plants, and natural gas marketers.

Differentiator

Problem solved

Functional benefit

Products and services

• Natural Gas Transportation Services Regulated interstate natural gas transmission pipeline services transporting natural gas from processing plants and other pipelines to communities, power plants, and industrial facilities. Approximately 3,840 miles of pipeline with 2.90 Bcf/day of transportation capacity, serving local distribution companies, industrial facilities, power plants, natural gas producers, and marketers across five states.
• Natural Gas Storage Services Underground storage field services in Montana and Wyoming providing storage to local distribution companies, producers, and natural gas marketers. Total capacity of 350 Bcf with working gas capacity of 193 Bcf, enhancing system deliverability and providing seasonal balancing.
• WBI Energy Transmission Electronic Bulletin Board (EBB) Self-service customer platform providing transmission services customers with access to rates, tariff information, gas scheduling, and service agreement management. Hosted at transmission.wbienergy.com.
• Corrosion Services Division Nonregulated cathodic protection and corrosion management services for buried and submerged metal structures, including design, implementation, energizing, and monitoring of cathodic protection systems and solar systems for remote locations. Operated via wbicorrosion.com from Billings, Montana.
• Farm Tap / Natural Gas Delivery Stations Individual customer tap services allowing landowners, farms, ranches, and small commercial customers to connect to WBI Energy's pipeline system for natural gas delivery. Engages delivery stations for small loads (house/shop) measured by local utilities, or larger demands such as grain dryers.

Quantifiable outcome

• North Bakken Expansion transported 250 MMcf/day with potential to increase to 625 MMcf/day through additional compression
• +4 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered major and core.

• Basin Electric Power CooperativemajorStrategic or Co-development PartnerBasin Electric's Bison Generation Station is the end-point customer for WBI Energy's Line Section 32 project, which involves constructing a 17-mile 24-inch diameter lateral pipeline to serve the new electric generation facility in Williams County, ND. This is a significant infrastructure partnership to serve power generation needs in northwestern North Dakota.
• Michels Corp.majorImplementation/ SI/ Consulting PartnerMichels Corp. was the main contractor for the North Bakken Expansion project, completing the 15,426-foot horizontal directional drill of a 24-inch pipeline crossing Lake Sakakawea — one of the longest HDD crossings of its kind at nearly 3 miles.
• Burns & McDonnellcoreImplementation/ SI/ Consulting PartnerBurns & McDonnell serves as the project representative for the Bakken East Pipeline Project. WBI Energy's project contact for Bakken East is c/o Burns & McDonnell, 9400 Ward Parkway, Kansas City, MO 64114.
• MDU Resources Group, Inc.coreOthersWBI Energy is a wholly-owned subsidiary of MDU Resources Group, Inc. (NYSE: MDU), which provides essential products and services through regulated energy delivery businesses. MDU Resources Foundation provides grants, scholarships, and volunteer matching programs that benefit WBI Energy's communities and employees.
• ONEOKmajorTechnology or IntegrationWBI Energy's Line Section 27 Expansion connects ONEOK's expanded Demicks Lake natural gas processing facility in McKenzie County, North Dakota, to WBI Energy's Spring Creek interconnect with Northern Border Pipeline. The project facilitates gas flow from ONEOK's processing plant through WBI Energy's transmission system.
• Northern Border PipelinemajorTechnology or IntegrationNorthern Border Pipeline is one of 14 interconnection points on WBI Energy's system. WBI Energy's Line Section 27 Expansion connects to Northern Border Pipeline at the Spring Creek interconnect in McKenzie County, ND. Northern Border receives gas from WBI Energy at multiple interconnection points including Elk Horn Creek, Glen Ullin, Manning, Charbonneau, Spring Creek, and Stateline.

Scale indicators9 records

Recent moves15 records

Expansion highlights6 records

Direct peers

• Tallgrass Energy: Operates interstate natural gas transmission pipelines across the Rockies and Midwest, including the Rockies Express Pipeline. Directly comparable to WBI Energy as a mid-sized FERC-regulated natural gas transmission operator serving producing-basin-to-market corridors.
• Northern Border Pipeline: Interstate natural gas transmission pipeline running from Montana to the Midwest with six interconnection points on WBI's system. Direct comparable as a regulated interstate pipeline operating in the same Bakken and Powder River basin geography.
• Northwest Pipeline (Williams): Operated by Williams Companies, this is an interstate natural gas transmission system serving the Pacific Northwest and Rocky Mountain region. Comparable to WBI Energy in business model and FERC-regulated transmission service.
• Colorado Interstate Gas (Kinder Morgan): Kinder Morgan's interstate natural gas pipeline serving the Rocky Mountain region, interconnecting with WBI's system. Highly comparable in geographic footprint, customer mix, and regulated transmission services.
• Viking Gas Transmission (ONEOK): ONEOK-operated interstate natural gas pipeline traversing Minnesota, North Dakota, and Wisconsin. Direct comparable in business model and overlapping service territory in MN and ND where WBI Energy also operates.
• Black Hills Corporation: Diversified utility holding company with natural gas and electric operations across the same Northern Plains states WBI serves (MT, WY, SD, NE). Comparable as a similar-scale regulated energy delivery platform with overlapping customer base and geography.

Broad incumbents

• ONEOK: Major midstream operator with natural gas processing, NGL, and interstate pipelines including Viking. Active counterparty and partner to WBI on Demicks Lake processing connections. Comparable as a larger natural gas infrastructure platform with overlapping Bakken exposure.
• Kinder Morgan: Largest US natural gas pipeline operator with extensive interstate transmission, storage, and gathering assets. Comparable as a broad incumbent in regulated natural gas transportation, though vastly larger and more geographically diversified than WBI.
• Williams Companies: Major US natural gas infrastructure company operating Northwest Pipeline, Transco, and processing/gathering systems. Comparable as a broad incumbent in interstate gas transmission with similar FERC-regulated business model.
• TC Energy: North American energy infrastructure major operating large-scale natural gas pipelines including Columbia Gas and the Canadian Mainline. Comparable as a broad incumbent in regulated interstate natural gas transmission with similar FERC-style rate-regulated business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/WbiEnergy
• LinkedInlinkedin.com/company/1836720

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WBI Energy