Dominion to sell gas assets to Loews, XTO for $6.5 bln
June 4 (Reuters) - Energy and power producer Dominion Resources Inc. (D.N: Quote, Profile, Research, Stock Buzz) said it will sell most of its U.S. onshore oil exploration and production operations to Loews Corp. LTR.N and XTO Energy Inc. (XTO.N: Quote, Profile, Research, Stock Buzz) for about $6.5 billion.
These operations include 3.51 trillion cubic feet equivalent of proved natural gas and oil reserves as of Dec. 31, 2006, the company said in a statement.
Dominion said it sees operating earnings of $6 or more a share in 2008. (Reporting by Deepti Chaudhary in Bangalore)
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