Unloads

Making good on its previously announced intentions of getting out of the retail energy marketing business, Bedminster, NJ-based NUI Corp. said last week that it has sold substantially all the customer accounts of its retail energy marketing affiliate, NUI Energy, Inc., to Houston Energy Services Co., LLC (HESCO).

Making good on its previously announced intentions of getting out of the retail energy marketing business, Bedminster, NJ-based NUI Corp. said Wednesday that it has sold substantially all the customer accounts of its retail energy marketing affiliate, NUI Energy, Inc., to Houston Energy Services Co., LLC (HESCO).

El Paso Corp. continued to work on its balance sheet Friday with a $240 million sale of El Paso Merchant Energy’s 50% stake in CE Generation to Calgary-based independent power producer TransAlta Corp. The sale includes a half share in 13 power plants with 820 MW of capacity and the right to a 50% interest in a geothermal development project.

Abraxas Petroleum Corp. said last week that its Canadian units, Canadian Abraxas Petroleum Ltd. and Grey Wolf Exploration Inc., have agreed to sell certain reserves and associated gas processing plants in Western Canada to a Canadian royalty trust for approximately $138 million.

Williams took another big step in its asset sales program Tuesday with the sale of its Memphis, TN, refinery and other related operations to Premcor Inc. for $465 million cash. Premcor will pay $315 million cash for the refinery and related fixed assets at closing and will purchase petroleum inventories estimated at about $150 million.

Williams took another big step in its asset sales program Tuesday with the sale of its Memphis, TN, refinery and other related operations to Premcor Inc. for $465 million cash. Premcor will pay $315 million cash for the refinery and related fixed assets at closing and will purchase petroleum inventories estimated at about $150 million.

Abraxas Petroleum Corp. said Tuesday that its Canadian units, Canadian Abraxas Petroleum Ltd. and Grey Wolf Exploration Inc., have agreed to sell certain reserves and associated gas processing plants in Western Canada to a Canadian royalty trust for approximately $138 million.

Oklahoma City-based OGE Energy Corp. said Friday that its subsidiary Enogex Exploration Corp. has agreed to sell its natural gas production assets in Michigan to Quicksilver Resources Inc. of Fort Worth, TX for approximately $32 million.

As part of the company’s ongoing strategy to unload non-core assets and focus on key businesses, Williams said Wednesday that it has signed a definitive agreement with Knoxville, TN-based Pilot Travel Centers LLC. to sell its retail travel center operations for $190 million cash, including fuel inventory, merchandise and supplies.