Seeking Alpha

DTE Energy Company (DTE)

  • Nov. 19, 2012, 4:54 PM
    Atlas Resource Partners (ARP) agrees to acquire Barnett Shale and Marble Falls assets in Texas from DTE Energy (DTE) for ~$255M. ARP increases 2013 distribution guidance and expects immediately accretive cash flow from the added oil and natural gas production, which averaged ~3,800 boe/day YTD. To fund the deal, ARP announces a public offering of 6.8M common units. ARP -2.9% AH.
    | Nov. 19, 2012, 4:54 PM | Comment!
Company Description
DTE Energy Holding Co is engaged in utility operations. Its segments include electric, gas, and non-utility operations.
Sector: Utilities
Country: United States