Assets

Koch Seeks OK for Sale Of Interest in Lateral

Koch Gateway Pipeline has asked FERC to approve the sale of anundivided interest in its Mobile Bay Lateral assets to Florida GasTransmission (FGT) as part of the pipe’s Phase V expansion, givingFGT the right to half of the lateral’s capacity of 600 MMcf/d.

December 13, 1999

Koch Seeks OK of Sale of Interest in Lateral

Koch Gateway Pipeline Co. has asked FERC to approve the sale ofan undivided interest in its Mobile Bay Lateral assets to FloridaGas Transmission (FGT) as part of the pipe’s Phase V expansion,giving FGT the right to half of the lateral’s capacity of 600MMcf/d.

December 10, 1999

Reliant Energy to Acquire Design-Build Firm

Reliant Energy Solutions, a unit of Reliant Energy’s retailgroup, has announced an agreement to acquire the assets ofSouthland Industries’ Energy Services Division, a Long Beach,CA-based design-build mechanical contractor.

October 27, 1999

Statoil Energy Up for Grabs

Statoil Energy, the largest Appalachian Basin gas reserve holderand a top energy marketer and independent power producer, was puton the auction block yesterday after having failed in its attemptthis summer to find a partner to invest about $1 billion in itsfuture.

October 14, 1999

Industry Briefs

Coastal Oil & Gas and Santa Fe Snyder have exchangedproperties in Utah, Wyoming, Texas and the Gulf of Mexico “toconsolidate assets into core areas for each company. Coastalreceived interests in six GOM blocks, plus the Jeffress Field inSouth Texas and 97,000 acres in Uintah and Duchense Counties inUtah. Coastal also received a cash payment of $18 million. Santa FeSnyder received interests in 22 Wyoming fields in the Green RiverBasin and three units in Gaines County, TX, in the Permian Basin.

September 21, 1999

Cross Timbers Shakes Up Portfolio

Cross Timbers Oil Co. killed two birds with one stone recentlyas it sold $63.5 million of non-core assets in various RockyMountain and Midwest areas, then used the proceeds from the sale tobuy Lehman Brothers Holding’s 50% in Spring Holdings Co. The restof the proceeds from the sale were used to pay down debt, thecompany said when it revealed both transactions yesterday. CrossTimbers now owns 100% of Spring Holding Co.

September 16, 1999

Costilla Files for Chapter 11

Costilla Energy Inc., a Texas-based producer with assets inSouth Texas and the Permian Basin, reported last week it has filedfor Chapter 11 with the U.S. Bankruptcy Court in Midland, TX. Thecompany said despite this setback, its oil and gas operations willcontinue without interruption. The company did not return phonecalls by press time.

September 7, 1999

KN, Kinder Morgan Deal on Track for 4thQ Completion

The proposed marriage of KN Energy Inc. and Kinder Morgan Inc.has passed federal antitrust review and has been verbally approvedby Colorado regulators, which puts the deal on track to becompleted in the early fourth quarter, the companies said.

August 30, 1999

Eastern May Sell Assets, Entire Company

Eastern Enterprises stock price jumped more than 13% last weekto more than $44/share on news it is evaluating strategicalternatives that could include share repurchases, joint venturesor a sale of all or part of the company.

August 23, 1999

Utilicorp Buys Stake in Electric Line Company

Adding to its long list of utility, marketing and transportationassets, Aquila Energy parent Utilicorp United entered into astrategic partnership with Quanta Services Wednesday for $400million. Utilicorp hopes to increase its profit potential in thederegulating electric and telecommunications markets by teamingwith the Houston-based Quanta, a provider of specialized servicesfor companies in those industries.

July 1, 1999