Sunday, May 20, 2007

Atlas America to Acquire DTE Energy's Gas & Oil Unit for $1.23 Billion

(Bloomberg) -- Atlas America Inc.'s Atlas Energy
Resources unit will buy a subsidiary of DTE Energy Co., owner of
Michigan's largest utility, for $1.23 billion.

The unit, DTE Gas & Oil Co., owns interests in about 2,150
natural gas wells drawing from Northern Michigan's Antrim Shale
formations, Atlas America said in a statement distributed by
Market Wire.


Read more at Bloomberg Energy News

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