Our Energy West Resources subsidiary also manages midstream supply and production assets for transportation customers and utilities. On average, our Energy West Resources owns a majority gross working interest in 160 natural gas producing wells and gas gathering assets located in Montana.
Hearthstone Utilities Inc., a holding company, distributes and sells natural gas to end-use residential, commercial and industrial customers. It distributes approximately 26 billion cubic feet of natural gas to approximately 70,900 customers through regulated utilities operating in Montana, Ohio, Maine and North Carolina. The Company’s other operations include natural gas production and natural gas marketing. The Company's Montana public utility was originally incorporated in 1909.
Hearthstone Utilities' strategy for growth is to expand throughput, particularly in the Maine and North Carolina markets, while looking for acquisitions that are either adjacent to its existing utilities or in under saturated markets.