(Bloomberg) -- Dominion Resources Inc., the second-
largest U.S. utility owner, agreed to sell oil and natural-gas
production operations to Linn Energy LLC for $2.05 billion, the
company said today in a statement distributed by PRNewswire.
Dominion is selling most of its oil and gas properties to
cut debt and buy back almost 16 percent of its stock. Linn said
private equity has committed $1.5 billion to the purchase.
Read more at Bloomberg Energy News
largest U.S. utility owner, agreed to sell oil and natural-gas
production operations to Linn Energy LLC for $2.05 billion, the
company said today in a statement distributed by PRNewswire.
Dominion is selling most of its oil and gas properties to
cut debt and buy back almost 16 percent of its stock. Linn said
private equity has committed $1.5 billion to the purchase.
Read more at Bloomberg Energy News
No comments:
Post a Comment