UPR Makes Another De-Leveraging Sale

Union Pacific Resources Group (UPR) continues to march aheadwith its de-leveraging program, announcing last week that it agreedto sell interests in certain South Texas oil and gas properties toCollins &amp Ware Inc. for $148 million. The sale is scheduled toclose Oct. 30, subject to conditions, with an effective date ofSept. 1.

September 14, 1998

Nymex Prices Continue Strong March Into Summer

The May Nymex contract surged 13.3 cents to $2.668 Wednesday,despite cash market prices which remained relatively unchanged. Thereason why? “Who really knows, but what I do know enough funds wereconvinced this market was a play to trigger buy stops above $2.61.Estimated volume of more than 80,000 contracts tells you that,” asource told GPI.

April 8, 1998

Trans Energy Closes Merger

Trans Energy Inc. said its merger with Natural Gas TechnologiesInc. (NGTI), a privately held oil and gas company based in Dallas,was completed March 26.

March 31, 1998

Amtrak Outsourcing Utility Service

March 17 is the deadline for bidders to present proposals tosupply and manage the natural gas, electric and water and sewerutility services for the National Railroad Passenger Corp. (Amtrak)at facilities across the country. The current bill for the services- which Amtrak would like to see reduced – is $30 million a year.

March 9, 1998

Transportation Note

El Paso said effective March 1 it will offer four dailyscheduling cyles instead of two, additional reduction codes,enhanced pooling, enhanced bumping for firm shippers and extra helpmatching up DUNS numbers at certain points on the line. It alsowill modify the procedures used to balance pools. See the PassPortbulletin board for details

February 24, 1998
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