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Black Hills Corporation



Black Hills Corporation is a diversified energy company. Black Hills operates chiefly in the United States with two business segments: retail electric and gas service, and wholesale energy. In March 2006, Black Hills acquired certain oil and gas assets of Koch Exploration Company, LLC. In addition, on August 30, 2006, it acquired from a third-party most of the remaining working interests associated with these properties. This includes approximately 22.4 billion cubic feet equivalent of proven reserves, of which 17.9 billion cubic feet equivalent are proved undeveloped reserves. In March 2006, Black Hills sold the operating assets of Black Hills Energy Resources, Inc. and related subsidiaries, the Company’s crude oil marketing and transportation business.


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