Walton

Richardson Buys KN Assets in Texas

Sid Richardson Gasoline Co. of Forth Worth, TX, bought theWalton and Santa Rosa gas gathering systems of American GatheringLP and American Processing LP, both wholly owned subsidiaries of KNEnergy. The systems are in the Texas counties of Walker, Ward,Crane, and Pecos. The systems are made up of more than 600 miles ofgathering line and more than 30 MMcf/d of processing and treatingcapacity. The acquisition gives Richardson access to producersupplies from Kermit in Winkler County to Fort Stockton in PecosCounty. The assets will be consolidated with Richardson’s existingKeystone processing facility in Winkler County, which has beenowned and operated by Richardson for more than 50 years.

December 31, 1998