Virginia-Based Company Expands Marcellus Operations
Virginia-based Dominion Resources is expanding its Marcellus and Utica Shale operations, as the Post-Gazette reports:
Dominion is expanding gas transmission and processing projects and pipelines across the Marcellus and Utica regions, with plans for facilities in every state where producers are extracting gas from the rock formations, said President and CEO Thomas F. Farrell.
The company saw 2011 income drop 5 percent to $1.41 billion.
Meeting at Downtown’s Fairmont hotel, shareholders of the nation’s third-largest utility company approved the 10 company-endorsed candidates for the board of directors and approved executive compensation plans.
