Dominion Resources is selling its natural gas and oil exploration and production operations in the Midwest to Linn Energy for more than $2 billion.
The Richmond-based company says the sale is another part of its transition into focusing on energy infrastructure.
Dominion says the sale of its Mid-Continent operations, primarily in Oklahoma, is expected to close by the end of the third quarter.
Last November, Dominion said it would pursue the sale of most of its exploration and production assets.
It wants to focus on power generation and electricity and natural gas distribution, transmission, storage and retail businesses. The company is retaining its Appalachian E&P operations and about a trillion cubic feet equivalent of reserves, primarily natural gas.