Williams sold a small package of Rocky Mountain region producing properties in the Denver-Julesberg (D-J) basin in northeastern Colorado to Bridgeport, WV-based Petroleum Development Corp. for $28 million. The D-J Basin properties were among those announced for sale earlier this year as part of Williams’ financial-strengthening plan.

The transaction is expected to close in June, subject to typical closing conditions. The properties represent 6 MMcf/d of net production and less than 1% of Williams’ proved reserves of 2.8 Tcf at year-end 2002, the company said.

Including this transaction, Williams has sold or agreed to sell a number of exploration and production properties this year for a total of $477 million. The company continues to market other E&P properties in the Green River basin and the Gulf Coast. Its E&P business focuses on gas from tight-sands formations and coal-bed methane reserves in the Piceance, San Juan, Powder River, Arkoma and Green River basins.

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