Plans

Beta Oil & Gas Inc. of Tulsa, OK, plans to acquire privateoil and gas producer Red River Energy Inc., also of Tulsa, for$23.5 – assuming about $7.6 million of existing debt and issuing2.25 million shares of Beta common stock. The deal is subject toapproval by Beta shareholders.

Coral Energy’s Coral de Mexico LLC plans to build a 104-mile,24-inch gas pipeline from the King Ranch in South Texas, crossingthe Rio Grande River near McAllen, TX, and running south intoMexico in the direction of Arguelles. The FERC approved a bordercrossing and presidential permit for the project last week.

Coral Energy’s Coral de Mexico LLC plans to build a 104-mile,24-inch gas pipeline from the King Ranch in South Texas, crossingthe Rio Grande River near McAllen, TX, and running south intoMexico in the direction of Arguelles. The FERC approved a bordercrossing and presidential permit for the project last week.

SCANA Energy and affiliate Powertel, Inc., one of the largestwireless PCS telecommunications providers in the Southeast,announced plans to jointly market their services at 30 kiosklocations in Kroger grocery stores in Greater Atlanta, Macon,Augusta and Savannah beginning today. Powertel will provide thepersonnel for the kiosks locations, which were built and installedby SCANA. Customers will soon be able to sign up for Powertel andSCANA services, make bill payments and receive information on otherservices while shopping at Kroger.

CMS Energy said last week it plans to hold an open season thatcould determine the fate of all or part of the Trunkline Pipeline.During the open season, which begins today and will end Dec. 15,the pipeline intends to determine how many customers are willing tosign long-term firm transportation agreements at full tariff ratesfor service beginning April 2000.

CMS Energy said yesterday it plans to hold an open season thatcould determine the fate of all or part of the Trunkline Pipeline.During the open season, which begins today and will end Dec. 15,the pipeline intends to determine how many customers are willing tosign long-term firm transportation agreements at full tariff ratesfor service beginning April 2000.

Midcoast Energy Resources Inc. plans to acquire Kansas PipelineCo. (KPC), MarGasCo Partnership (MarGasCo) and other relatedentities. The $190 million deal includes the Kansas Pipelinesystem, which provides gas service to the Wichita and Kansas Citymetropolitan markets. The addition of the KPC system represents a41% increase in the total miles of pipeline owned by Midcoast.

GPU Inc., parent of New Jersey’s largest electric utility, GPU Energy, unveiled a multi-point program designed to enhance shareholder returns at the Edison Electric Institute Finance Conference in Orlando, FL, last week. The plan includes a $100 million cost reduction over the next two years, a $40-$50 million investment to improve the company’s reliability and a non-core asset sale designed to generate over $500 million.

GPU Inc., parent of New Jersey’s largest electric utility, GPUEnergy, unveiled a multi-point program designed to enhanceshareholder returns at the Edison Electric Institute FinanceConference in Orlando, FL, yesterday. The plan includes a $100million cost reduction over the next two years, a $40-$50 millioninvestment to improve the company’s reliability and a non-coreasset sale designed to generate over $500 million.