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From Times Staff and Wire Reports

Unocal Sells Interest in 12 Properties: Los Angeles-based Unocal Corp. said it sold its interest in the domestic crude oil and natural gas producing properties for more than $32 million. The sales to nine companies are the most recent activities in an ongoing plan to sell non-strategic assets and focus on key production areas, the company said. “We’re taking the proceeds from these sales and plowing them back into the significant natural gas development opportunities that we have available in our key operating areas, particularly the Gulf of Mexico,” said John F. Imle, Unocal’s executive vice president and president of Unocal Energy Resources. The 12 fields are in Texas, Mississippi, Oklahoma, North Dakota, New Mexico and Wyoming.

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