ENERGY
From Times Staff and Wire Reports
Pacific Enterprises Sells Oil and Gas Assets: The Los Angeles-based holding company has completed sale of almost all its U.S. oil and gas holdings to Hunt Oil Co, of Dallas. The assets of Pacific Enterprises Oil Co. USA were sold for $371 million, in a deal first announced Oct. 12. The sale “completes our exit from our major non-utility lines of business,” said Willis B. Wood Jr., Pacific Enterprises chairman and chief executive. The company has been shedding assets and concentrating on its core business, Southern California Gas. Co.
