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Investments
6 Months Ended
Jun. 30, 2011
Investments  
Investments
3.

INVESTMENTS

Investments consisted of the following at June 30, 2011 and December 31, 2010:

 

0000000000000 0000000000000
     June 30,
2011
     December 31,
2010
 
     (In thousands)  

Pinnacle Gas Resources, Inc.

     $         $ 869    

Oxane Materials, Inc.

     2,523          2,523    
  

 

 

    

 

 

 
     $ 2,523          $ 3,392    
  

 

 

    

 

 

 

Pinnacle Gas Resources, Inc.

On January 25, 2011, Pinnacle announced that it had been acquired by Powder Holdings, LLC, an entity controlled by SW Energy Capital LP. Under the terms of the merger agreement, the Company received $0.9 million, or $0.34 per share, for its 2,555,825 shares of Pinnacle common stock during the second quarter of 2011.