Continuing on its buying spree in the energy sector, Iowa-based MidAmerican Energy Holdings Co. announced Thursday that it has acquired the 8,500-acre M&M Ranch and associated mineral/water rights in Wyoming from Lake DeSmet Energy Co., II, L.C. The deal closed on Thursday, and the company would not reveal any terms or dollar value of the purchase.

MidAmerican’s short prepared written announcement said it intends to “evaluate the coal, water and wind resources of the property for possible long-term development of energy-producing facilities.” The company had no further clarification for when and by whom the assessment of the energy potential would be completed, according to a corporate spokesperson for the growing utility holding company that is owned by billionaire Warren Buffett’s Berkshire Hathaway conglomerate.

The company already has operations in and around Wyoming through its Kern River Gas Transmission Co., PacifiCorp and Northern Natural Gas Co. Although Wyoming state officials were not available for initial comments, it is assumed they would be supportive of further development of the state’s vast fossil fuel and wind energy resources, something the Wyoming Infrastructure Authority was created two years ago to help promote.

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