Questar Corp. announced plans to purchase up to $50 million ofits outstanding common stock on the open market or in privatelynegotiated transactions over the next two years.

R.D. Cash, Questar chairman, said the stock-repurchase program”reflects our belief that Questar stock is an attractive investmentat current prices, especially with our growing optimism aboutenergy prices and Questar’s long-term growth strategies.”

Cash said the repurchase program will be funded largely withproceeds from accelerated sales of stock Questar owns in othercompanies. “The increasing market value of these equities createsan opportunity to purchase our own shares without diverting fundsfrom our record capital-spending program in 1999,” he said. Questarplans to repurchase the stock in two $25 million phases.

Questar projects 1999 capital expenditures of $546 millioncompared with the previous one-year company high of $461 million in1998. Capital expenditures will be funded from internal cash flowsand short- and long-term borrowing. Cash said the company’s strongbalance sheet supports plans to aggressively acquire gas and oilreserves and production and expand gas-transmission anddistribution activities.

Questar is a $2.2 billion integrated energy resources andservices company headquartered in Salt Lake City. Throughsubsidiaries, it engages in energy development and production, gasgathering and processing; wholesale gas, electricity and liquidstrading; interstate gas transmission and storage; retail gasdistribution and energy services; and information systems andtechnologies.

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