Hsrtw

Questar Buys HS Resources E&P Unit for $157.5 M

Questar Corp. subsidiary Universal Resources will increase itsdaily gas and oil production 20% and reserves 31% with a $157.5million acquisition of HSRTW Inc., a Midcontinent regionexploration and production subsidiary of HS Resources of SanFrancisco. In the cash transaction, Universal will receive 150 Bcfeof proved oil and gas reserves (80% gas) primarily in Oklahoma, aswell as Texas, Arkansas and Louisiana. It also receives another 50Bcfe of reserves considered probable and possible. The propertiesinclude 1,000 wells in the Anadarko and Arkoma basins.

July 29, 1998