Southwest Accepts Oneok’s Offer

Oneok increased its offer to acquire Southwest Gas by $1.50Monday, winning the Southwest Gas board of directors’ approval anddefeating an unsolicited bid from Austin, TX-based Southern UnionCo. The new monetary total of the merger is $1.8 billion or$30/share of common Southwest Gas stock. Southern Union had acompeting, unsolicited bid for Southwest of $32/share on the table,but Southwest had reservations concerning Southern Union’stimetable for the deal’s completion.

April 27, 1999

BP Amoco Adding Arco to Its Arsenal

BP Amoco might want to change its name to BP, Etc. now that ithas announced plans to acquire Los Angeles-based Atlantic RichfieldCo. (Arco) in a $26.8 billion deal. The news comes only monthsafter the closing late last year of the marriage of BP and Amoco.

April 5, 1999

With Arco, BP Amoco Also Would Get Vastar

If acquisition talks between BP Amoco and Atlantic Richfield Co.(Arco) do lead to a deal, BP Amoco also would acquire the 82% ofVastar Resources held by Arco. What could or would happen afterthat is anybody’s guess, said John S. Herold analyst John Parry.

March 30, 1999

Edison International Buying ComEd Power Plants for $5 B

Edison International’s wholly-owned independent power subsidiarywill acquire all the fossil-fuel generating assets of CommonwealthEdison. The company will pay about $5 billion for a package of coaland gas-fired plants with total capacity of 9,772 megawatts (MW).Edison Mission Energy has also committed to build 500 MW ofgas-fired generating capacity in Chicago.

March 24, 1999

ONEOK Buying Koch OK Midstream Assets

ONEOK Inc. is building up its midstream presence by agreeing toacquire all the Oklahoma midstream gas gathering and processingassets of Koch Midstream Enterprises for $285 million in cash.

February 26, 1999

ONEOK Investing in Costilla Acquisition

Midland, TX-based Costilla Energy Inc. and ONEOK Inc. formed astrategic alliance to capitalize on properties Costilla plans toacquire from Pioneer Natural Resources Co. as well as otherpotential transactions. Tulsa, OK-based ONEOK will participate inCostilla’s previously announced $335 million acquisition of oil andgas properties from Pioneer (assuming it is successful) through anequity investment in Costilla preferred stock.

February 24, 1999

Cabot to Buy Oryx Louisiana Properties

Cabot Oil &Gas Corp. plans to acquire the onshore South Louisiana properties of Oryx Energy Co. for about $72 million. Under the terms of the agreement, Houston-based Cabot will purchase 10 fields (six operated, four non-operated) covering 34,345 net acres with 68 producing wells. The acquired producing assets are concentrated in three primary fields that each provide Cabot with a high working interest. These fields make up 80% of the value assigned to the transaction.

December 21, 1998

KeySpan, Gulf Canada Form Midstream Business

KeySpan Energy Development has agreed to acquire a 50% interestin Gulf Canada Resources’ massive midstream gas business in westernCanada for US$189 million and form a new partnership governing GulfMidstream Services (GMS). The partnership will hold interests in 14gas processing plants that handle 1.4 Bcf/d, of which thepartnership’s share is about 750 MMcf/d. It also will hold all ofGulf’s western Canadian pipelines, storage, products facilities andgas and liquids marketing.

November 9, 1998

Enron Buying Three Gas-Fired Plants in NJ

Enron Capital & Trade Resources (ECT) agreed to acquireCogen Technologies’ interests in three power plants for $1.1billion and the assumption of about $350 million in non-recoursedebt. ECT will make the acquisition through a special purposeentity in which ECT will own a 50 percent interest. The entity willinvest up to $130 million in equity, with the balance of thepurchase price funded by non-recourse borrowings provided byfinancial institutions. The transaction is expected to close inearly 1999.

November 2, 1998

UPR Racking Up Property Sales to $382 Million

The Australian-owned oil and gas company, Chancellor Group, saysit has signed a letter of intent to acquire from Union PacificResources a half-interest in the Deadwood Field in East Texas for$35 million. The announcement comes on the heels of one made alittle more than a week ago by UPR that it had agreed to sell itsinterests in certain South Texas oil and gas properties to Collins&amp Ware Inc. for $148 million.

September 21, 1998