Stock Symbol: D
120 Tredegar Street
Dominion Resources Industry:
Misc. Financial Services
Dominion Resources Description:
Dominion Resources, Inc. is a fully integrated gas and electric holding company. Dominion has evolved from a utility holding company principally engaged in the production and sale of electric power, to a fully integrated electric and natural gas utility serving wholesale and retail markets in the Midwest, Northeast, and Mid-Atlantic portions of the United States. The Company owns Millstone Power Station, a nuclear power station, and Louis Dreyfus Natural Gas Corp., a natural gas and oil exploration and production company. Dominion manages its operations along three primary business lines that integrate its electric and gas services. These are Dominion Energy, Dominion Delivery and Dominion Exploration & Production.
Dominion Resources Financial Summary:
Dominion Resources Black Warrior Trust is a grantor trust formed to acquire and hold certain overriding royalty interests burdening proved natural gas properties located in Pottsville coal formation of the Black Warrior Basin, Tuscaloosa County, Alabama. For the 6 months ended 6/30/05, revenues rose 25% to $14.1M. Distributable income rose 26% to $13.5M. Results reflect the increase in natural gas prices due to domestic demand and seasonal temperatures.
Dominion Resources Business Summary:
Dominion Resources Black Warrior Trust (the Trust) was created to hold the overriding royalty interests (Royalty Interests) conveyed by Dominion Black Warrior Basin, Inc. (the Company). The Royalty Interests generally entitle the Trust to receive 65% of the Company's Gross Proceeds from the latter's interest in natural gas properties in the Black Warrior Basin, Tuscaloosa County, Alabama (Underlying Properties). The Royalty Interests are non-operating interests and bear only expenses related to property, production and related taxes (including severance taxes). The Underlying Properties are located in Black Warrior Basin, Tuscoloosa County, Alabama.