George

Jack L. Messman, chairman and CEO of Forth Worth, TX-based UnionPacific Resources Group, will retire and UPR President GeorgeLindahl III will succeed him as well as remain president of thecompany. Messman has led UPR for more than eight years. He joinedthe company in 1991 while it was a subsidiary of Union PacificCorp. He oversaw an initial public offering in 1995 and the fullspin-off of the oil and gas company from Union Pacific in 1996.Lindahl has more than 30 years experience in the oil and gasbusiness and came to UPR in 1987 as exploration manager afterworking for 19 years in exploration and production, primarily as anexecutive with BP Amoco. He has been the company’s president since1996.

Texaco has halted the decline in its U.S. oil and gas productionand expects to maintain first quarter levels through the rest ofthe year, Comptroller George Batavik told analysts Wednesday.

Texaco has halted the decline in its U.S. oil and gas productionand expects to maintain first quarter levels through the rest ofthe year, Comptroller George Batavik told analysts Wednesday.

Texas Gov. George W. Bush appointedBrett A. Perlman of Houstonto the Public Utility Commission of Texas to serve a term endingSept. 1, 2003. Perlman is a management consultant with McKinsey andCo. Inc., specializing in high technology and telecommunications.He is responsible for providing strategic planning advice to seniorexecutives of Fortune 500 companies. He was previously an attorneywith the law firm of Jenkens and Gilchrist in Houston and from1985-89, was an attorney with the Washington D.C. law firm of AkinGump Strauss Hauer & Feld.

“Earnings from market-based businesses are less predictable thanregulated earnings,” TransCanada PipeLines President George Watsonreminded stockholders Thursday in explaining how lowersecond-quarter earnings in marketing, gathering and processing haderased some pipeline gains.