Unloads

Second Time’s a Charm, Harken Energy Unloads Texas Panhandle Assets

After its first attempt collapsed in October, Harken Energy Corp. said Monday that it has sold the majority of its oil and gas properties located in the Panhandle region of Texas for approximately $7 million in cash.

December 16, 2003

Embattled NorthWestern Unloads Communications Unit to Avaya for $152M

Looking to better focus on its core utility businesses and keep its head above water at the same time, NorthWestern Corp. announced that it has completed the sale of its Expanets communications services unit to Avaya, Inc. for $152 million in cash.

December 1, 2003

Embattled NorthWestern Unloads Communications Unit to Avaya for $152M

Looking to better focus on its core utility businesses and keep its head above water at the same time, NorthWestern Corp. announced that it has completed the sale of its Expanets communications services unit to Avaya, Inc. for $152 million in cash.

December 1, 2003

Duke Pays New CEO in Stock, Unloads Dutch Gas Marketing Unit

Duke Energy announced a stock-based compensation package for its new CEO, Paul M. Anderson, and said it lined up a buyer, Norsk Hydro Energy B.V., for its Dutch gas marketing business. The sale, which is expected to net Duke about $80 million, is subject to approval by the European Commission.

November 24, 2003

Duke Pays New CEO in Stock, Unloads Dutch Gas Marketing Unit

Duke Energy announced a compensation package for its new CEO, Paul M. Anderson, and said it lined up a buyer, Norsk Hydro Energy B.V., for its Dutch gas marketing business. The sale, which is expected to net Duke about $80 million, is subject to approval by the European Commission.

November 20, 2003

MMS Unloads Winter Royalty Gas to High Bidders

The Department of Interior’s Minerals Management Service said that a sale it recently conducted sold more than 379,000 MMBtu of royalty-in-kind (RIK) gas produced from federal leases in the Gulf of Mexico. Seven companies purchased the gas during a winter heating season sale.

November 10, 2003

MMS Unloads Winter Royalty Gas to High Bidders

The Department of Interior’s Minerals Management Service said that a sale it recently conducted sold more than 379,000 MMBtu of royalty-in-kind (RIK) gas produced from federal leases in the Gulf of Mexico. Seven companies purchased the gas during a winter heating season sale.

November 5, 2003

ConocoPhillips Unloads Circle K Brand to Focus on Core Operations

Looking to return focus to its core businesses and higher returns, ConocoPhillips entered into an agreement with Canadian convenience store mogul Alimentation Couche-Tard Inc. on Monday for the sale of the Circle K Corp., which comprises 1,663 retail marketing outlets in 16 states and the Circle K brand, as well as the assignment of the franchise relationship with more than 350 franchised and licensed stores.

October 7, 2003

National Fuel Unloads Canadian Oil Properties to Finance Empire Deal

In the ongoing attempt to finance its acquisition of the Empire State Pipeline, Buffalo, NY-based National Fuel Gas Co. said last week that its Seneca Resources Corp. subsidiary has agreed to sell its southeast Saskatchewan oil properties for $80 million.

August 4, 2003

National Fuel Unloads Canadian Oil Properties to Finance Empire Deal

In the ongoing attempt to finance its acquisition of the Empire State Pipeline, Buffalo, NY-based National Fuel Gas Co. said Wednesday that its Seneca Resources Corp. subsidiary has agreed to sell its southeast Saskatchewan oil properties for $80 million.

July 31, 2003