Enron Looking for Collateral to Guarantee Debts, Keep Ratings

In a 10-Q filing made after the close of the stock market on Monday, Enron Corp. revealed it will have to find some collateral to guarantee some of its debts, or it could be forced to pay off a $690 million note by next week, and a total of almost $3.9 billion more if its credit ratings drop another notch.

November 20, 2001

ONEOK Investing in Costilla Acquisition

Midland, TX-based Costilla Energy Inc. and ONEOK Inc. formed astrategic alliance to capitalize on properties Costilla plans toacquire from Pioneer Natural Resources Co. as well as otherpotential transactions. Tulsa, OK-based ONEOK will participate inCostilla’s previously announced $335 million acquisition of oil andgas properties from Pioneer (assuming it is successful) through anequity investment in Costilla preferred stock.

February 24, 1999
1 2 3 4 Next ›