Locin

Equitable Resources announced the closing of a $147 million sale of non-core gas properties to NCL Appalachian Partners, a partnership between Locin Oil Corp. and GE Commercial Finance Energy Financial Services. Equitable sold an estimated 66 Bcf of proved reserves, of which 59 Bcf were developed. Equitable expects that no gain or loss will be recorded and reiterated its 2005 supply sales estimate of 73 Bcf.