Although it does not say much about its oil-related operations externally, some crude oil profit-taking is ongoing within the expanding San Diego-based Sempra Energy holdings, known mostly for having the largest retail utility customer base in the nation. In reports to internal audiences in recent months, Sempra has talked up its oil/gas mineral rights covering 5.2 million acres across 31 states, and most recently a 21-year record oil trading volume (Jan. 7) that its trading unit helped the International Petroleum Exchange (IPE) achieve.
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Sempra Energy Quietly Mixes Mineral Rights with Higher Profile Operations
Although it does not say much about its oil-related operations externally, some crude oil profit-taking is ongoing within the expanding San Diego-based Sempra Energy holdings, known mostly for having the largest retail utility customer base in the nation. In reports to internal audiences in recent months, Sempra has talked up its oil/gas mineral rights covering 5.2 million acres across 31 states, and most recently a 21-year record oil trading volume (Jan. 7) that its trading unit helped the International Petroleum Exchange (IPE) achieve.
February 7, 2002
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