Black Hills (BKH)

Black Hills (BKH) Stock Quote Information

Black Hills Corporation, together with its subsidiaries, operates as a diversified energy company. It operates through two groups, Utilities and Non-regulated Energy. The Utilities group generates, transmits, and distributes electricity to approximately 201,100 customers in South Dakota, Wyoming, Colorado, and Montana; and operates a combination electric and gas utility serving approximately 33,900 gas utility customers in Wyoming. It also distributes natural gas to approximately 528,300 customers in Colorado, Nebraska, Iowa, and Kansas. As of December 31, 2009, this group owned 630 megawatts of electric generation capacity and 8,182 miles of electric transmission and distribution lines; and 626 miles of intrastate gas transmission pipelines, and 19,638 miles of gas distribution mains and service lines. The Non-regulated Energy group explores, develops, and produces crude oil and natural gas in the Rocky Mountain region. It also produces coal at the coal mine near Gillette, Wyoming; and markets natural gas, crude oil, and related services in the United States and Canada. This group produces electric power and sells the electric capacity and energy primarily under long-term contracts. Its principal oil and gas assets included operating interests in oil and natural gas properties comprising 580 net wells in the San Juan Basin of New Mexico and Colorado, the Powder River and Big Horn Basins of Wyoming, the Piceance Basin of Colorado, and the Nebraska section of the Denver Julesberg Basin; and non-operated interests in oil and natural gas properties, including 90 net wells located in California, Colorado, Louisiana, Montana, North Dakota, Oklahoma, Texas, and Wyoming. This group also had total natural gas and oil reserves of approximately 119 Bcfe; and coal reserves of approximately 268 million tons. The company was founded in 1941 and is headquartered in Rapid City, South Dakota.