Outlaw

Anadarko Buys Pinnacle, Boosts Texas Presence

Houston-based Anadarko Petroleum Corp. increased its presence inthe East Texas Bossier sand gas play yesterday, spending $38million to acquire Pinnacle Gas Treating Inc., which owns andoperates a natural gas pipeline and treating plant there. Pinnacleis a subsidiary of Western Gas Resources Inc. based in Denver, andit plans to use the sale to pay down debt.

January 5, 2001