Black Hills ( BKH), a diversified energy company, announced the completion of the sale of the operating assets of Houston-based Black Hills Energy Resources and related subsidiaries to a subsidiary of Sunoco Logistics Partners L.P. Assets sold include the 200-mile Millennium and the 190-mile Kilgore Pipelines and certain other ancillary assets. Black Hills Energy is involved in crude oil marketing and pipeline transportation. The company received about $41 million of cash proceeds, net of transaction costs from the sale. Black Hills plans to use these proceeds for debt reduction or other corporate purposes. As a result of this transaction, the company expects to record a gain on the sale, which will be reported as part of discontinued operations in first quarter 2006 financial results.