Percent

Powder River Basin Gas Corp. (PRBG) said it has signed a definitive agreement to have a “majority percent” of its capital stock and management control acquired by Evansville, IN-based Imperial Petroleum Inc. The companies said they expect the deal to close on April 1.

Devon Energy Corp.’s 98% drilling success, combined with the completed sales of $239 million in non-strategic assets, guided the Oklahoma City-based independent above estimated earnings per share (EPS) and cash flow targets in the third quarter.

Devon Energy Corp.’s 98% drilling success, combined with the completed sales of $239 million in non-strategic assets, guided the Oklahoma City-based independent above estimated earnings per share (EPS) and cash flow targets in the third quarter.

A hot summer which boosted electricity use, and increases in itsEnergy Services division led Duke Energy’s 42% increase in 1998third quarter basic earnings which registered $423.8 million or$1.18 per share, up from $298.4 or 83 cents per share for the samequarter in 1997.

Mitchell Energy & Development replaced 187% percent of thegas and oil reserves it produced in fiscal 1998, even while settinga new high for annual gas sales of 238 MMcf/d.

Sonat Energy Services purchased a 50-percent limited partnershipinterest in GPU International’s Mid-Georgia Cogen L.P. power plant.”Our experience in both natural gas and power marketing has shownus that investing in state-of-the-art natural gas-fired electricpower generation is a key ingredient to providing our customerswith the services they need in today’s competitive market,” saidSonat Energy Service s President Richard Bates. The 300 MWcogeneration power plant is a dispatchable natural gas-fired,combined cycle facility located in Kathleen, GA. It is scheduled toenter commercial operation in the second quarter of 1998. Inaddition to providing thermal energy to a Frito-Lay snack foodprocessing plant and electrical capacity to Georgia Power, thefacility also will be available to sell wholesale energy to avariety of customers. Mid-Georgia Cogen is the first independentpower project developed in Georgia.