Cross Timbers Purchases Arkoma Basin Assets

Cross Timbers Oil Co. purchased a 50% interest in Spring HoldingCo., a private Tulsa, OK-based oil and gas producer, for $42.5million. The deal is expected to close June 30.

May 19, 1999

Panda Planning OK Power Plant

Dallas-based Panda Energy International announced plans to builda 1,000 MW generation plant in Coweta, OK, near Tulsa. The plant’smaximum daily quantity for gas consumption will be about 170,000MMBtu/d. Gas supply and transportation agreements are expected tobe finalized in the next several months.

April 30, 1999

Samson Growing Through Acquisitions

Samson Investment Co. of Tulsa, OK, completed its acquisitionfrom Nuevo Energy Co. of gas properties in East Texas. The totalpurchase price was $192 million. In addition to existingproduction, the properties contain more than 135 drillinglocations. The closing follows Samson Resources’ December closings,which included the acquisition of properties in six states fromDuer Wagner & Co. for $41 million and the acquisition ofcertain properties in the Homeglen-Rimbey and Westerose areas ofAlberta, Canada from Chevron Canada Resources for $9 million bySamson Canada Ltd.

January 13, 1999

Samson Adds Producing Properties

Samson Resources Co., of Tulsa has acquired a significant blockof producing oil and gas properties in Texas, Louisiana,Mississippi, Alabama, Oklahoma, and New Mexico. from Duer Wagner& Co. of Fort Worth. The purchase price was in excess of $40million. The properties are located in the same geographical areasas certain of Samson’s existing properties and include multipleopportunities for additional drilling and recompletions.

November 4, 1998

Parker Drilling, Superior Energy Services Merge

Tulsa-based Parker Drilling Company with worldwide drillingoperations, and Superior Energy Services, which provides servicesin the Gulf of Mexico, have announced a definitive agreement tomerge in a transaction valued at approximately $168 million.

October 30, 1998

Oneok Boosts Sycamore Gathering Share

Oneok bought an additional 55% of the Sycamore gathering systemin Carter County, OK, from Continental Natural Gas of Tulsa, OK,giving it 97% of the system. Oneok is operator of the system and amajor producer in the area. “This is a continuation of our strategyof concentrating ownership in areas where we have a growing reservebase to maximize value for our shareholders,” said David Kyle,Oneok COO.

June 2, 1998

Williams Buys Energy Systems Provider

Williams complemented its retail energy marketing group with theacquisition of Tulsa-based Excel Energy Technologies, a provider ofenergy management systems and services for retail and commercialbuildings. “Excel’s products and services, combined with Williams’energy supply management products, will give our national energycustomers the benefit of proven technologies and systems to helpthem make educated decisions about energy management,” said JerryGollnick, Williams’ senior vice president of energy marketing andtrading.

May 22, 1998

Chesapeake, Gothic Agree to Speed Development

Chesapeake Energy of Oklahoma City has signed a unique agreementwith Gothic Energy Corp., Tulsa, which includes the right for fiveyears to develop 50% of Gothic’s current and subsequently acquiredundeveloped reserves. This includes 60 Bcfe of proved undevelopedreserves and a substantial amount of probable and possiblereserves.

April 2, 1998
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