With three-quarters of the year complete, producers are “well positioned” to generate cash flow that exceeds drilling budgets by about 30% this year — and a similar situation in 2004 could lead to more acquisitions, according to a recent analysis by Lehman Brothers.
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Dominion Posts Strong 2Q Results; Increases Power Portfolio
Coming as some encouraging news in an energy industry in the midst of a financial and credit crisis, Dominion reported Thursday operating earnings for the second quarter of $272 million (97 cents per share), compared with $180 million (72 cents per share) for the same period in 2001, excluding a $25 million charge related to the divestiture of Saxon Capital, Inc.
July 22, 2002
LG&E Picks Up Leading Pipeline Construction Co.
LG&E Energy Corp. positioned itself to take advantage of theexpanding pipeline construction industry last Friday by purchasingCRC Holdings Corp., parent of the pipeline construction equipmentcompany CRC-Evans Pipeline International, for a total of $83.5million. The deal closed last Friday. No layoffs are expected.
July 13, 1999
LG&E Picks Up Leading Pipeline Construction Co.
LG&E Energy Corp. positioned itself to take advantage of theexpanding pipeline construction industry last week by purchasingCRC Holdings Corp., parent of the pipeline construction equipmentcompany CRC-Evans Pipeline International, for a total of $83.5million. The deal closed on Friday. No layoffs are expected.
July 12, 1999
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