Establish

Texas and Mexico are working on a collaborative agreement thatwould establish a natural gas and liquids pipeline permittingprocess for potential future projects.

Texas and Mexico are working on a collaborative agreement thatwould establish a natural gas and liquids pipeline permittingprocess for potential future projects.

Moving ahead with plans to establish a strong presence in theCarolinas, Williams’ gas pipeline unit said yesterday it has filedan application with FERC to construct and operate the previouslyannounced Sundance expansion project.

ANR Pipeline proposes to establish two new transportationservices to meet the hourly natural gas demands of powergenerators, primarily in the Midwest market.

ANR Pipeline proposes to establish two new transportationservices to meet the hourly natural gas demands of powergenerators, primarily in the Midwest market.

With a few minor changes, FERC has approved Natural Gas PipelineCo.’s (NGPL) proposal to establish procedures to reserve certaincategories of existing capacity for future expansions andextensions.

With a few minor changes, FERC last week approved Natural GasPipeline Co.’s (NGPL) proposal to establish procedures to reservecertain categories of existing capacity for future expansions andextensions.

Enron Oil & Gas (EOG) closed the share exchange to establishEOG as an independent company yesterday. Under the exchange, which wasannounced last month, Enron Corp. exchanged 62.27 million of its 82.27million shares of EOG common stock for EOG’s China and Indiaoperations (see story July 21). EOG alsocontributed $600 million to an India subsidiary that has beentransferred to Enron. In addition, EOG issued 27 million shares at$22.25 per share and received net proceeds of $578.3 million. Pendingcompletion of another convertible stock offering, Enron’s remaininginterest in the company will be less than 3%. EOG will soon adopt anew name EOG Resources Inc. Forrest E. Hoglund, EOG chairman, whoannounced his planned retirement in Sept. 1998, retired effectiveAug. 15. Mark G. Papa, formerly president and CEO, was electedchairman and CEO. Edmund P. Segner III, formerly vice chairman andchief of staff, was elected president and chief of staff.

The House of Representatives last week approved legislation toestablish a multi-million federal loan-guarantee program to helpindependent oil and natural gas producers recover from the effectsof depressed crude oil prices. The measure, which was approved bythe Senate in June, is now headed to President Clinton for hissignature.