INDUSTRY BRIEFS

CALIFORNIA ENERGY CO. INC., Omaha, agreed to buy Unocal Corp.'s Glass Mountain/Medicine Lake geothermal leases in northern California for an undisclosed sum. Unocal holds 61% interest in the 41,000 acre federal unit that includes three producing wells. The unit is 35 miles northeast of Mount Shasta and 25 miles south of the California-Oregon border. The deal follows Unocal's agreement to sell its Imperial Valley geothermal assets to Magma Power Co., San Diego, for $196 million after

In order to access this content, you must be logged-in and have an active subscription to the OGJ Premium Archive

Subscribe

More in Home