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CEG » Topics » Gains on Sale of Assets

These excerpts taken from the CEG 10-K filed Feb 27, 2009.

Gains on Sale of Assets

During 2008, we recognized net gains of $25.5 million, including a $14.3 million gain, net of the minority interest gain of $0.7 million, related to the sale of our working interests in oil and natural gas producing wells in Oklahoma to Constellation Energy Partners that was completed in the first quarter of 2008.

        We discuss our gains on sale of assets in more detail in Note 2 to Consolidated Financial Statements.

Gains on Sale of Assets



During 2008, we recognized net gains of $25.5 million, including a $14.3 million gain, net of the minority interest gain of
$0.7 million, related to the sale of our working interests in oil and natural gas producing wells in Oklahoma to Constellation Energy Partners that was completed in the first quarter of 2008.




        We
discuss our gains on sale of assets in more detail in Note 2 to Consolidated Financial Statements.



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2009

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