Although it’ll be poorer by a couple of million dollars, KinderMorgan Inc. says it’s glad to have finally reached a settlementwith FERC resolving many of the marketing-affiliate issues thathave dogged its pipeline companies for years.
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Costilla Granted Another Stay
Costilla Energy Inc. of Midland, TX, got another reprieve on itsdebt repayment when its bank credit facility was amended providingfor an extension of the $10.2 million principal payment until June18. The payment was due yesterday after a previous extension. Theindependent oil and gas company is in the process of divesting itsRocky Mountain oil and gas properties.
June 2, 1999
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