Gas industry
Hugoton Energy Corporation, a leading independent oil and natural gas company, has completed the acquisition of Consolidated Oil & Gas Inc., a privately owned oil and gas company based in Denver, Colorado. The transaction, which was approved by Hugoton's shareholders at a special meeting in Wichita, Kansas, marks
Gas industry
Enron Oil & Gas Company, a wholly-owned subsidiary of Enron Corporation, has successfully bid for the Modified U(a) Block located off the East coast of Trinidad and Tobago. The acquisition of this 96,075-acre block is expected to provide promising opportunities for commercial development, given its geology and hydrocarbon
Gas industry
Columbia Gas System, Inc. (NYSE: CG) has announced its Chapter 11 reorganization plan and disclosure statement, along with ballots for voting to accept or reject the plan, which will be mailed to creditors and equity security holders. Creditors of Columbia Gas Transmission Corp., the company's principal pipeline subsidiary,
Gas industry
El Paso Natural Gas Company and Eastex Energy Inc. have announced a merger plan that will give Eastex stockholders the option to receive cash or El Paso common stock in exchange for their shares. Stockholders must submit their election forms by September 11, 1995, to be eligible for the cash
Gas industry
CS Resources Limited announced its financial and operating results for the six months ended June 30, 1995, marking a significant improvement from the same period in 1994. The Calgary-based petroleum company registered a 28% increase in revenue from operations, reaching $35.3 million, and a 59% increase in cash flow
Gas industry
Fossil Oil & Gas Limited, a Canadian oil and gas company, has announced significant improvements in its financial performance for the first half of 1995 compared to the same period in 1994. Notably, oil and gas sales for the reporting period in 1995 were $2,975,000, representing a 21
Gas industry
Questa Oil & Gas Co. reported earnings of $77,000, or 8 cents per share, on revenues of $662,000, for the second quarter ended June 30, 1995. This marked a decline from the same quarter in 1994, where the company reported a profit of $159,000, or 15 cents
Gas industry
Penn West Petroleum Ltd., a Calgary-based oil and gas company, has announced its record-breaking results for the three and six months ended June 30, 1995. The company's financial performance has seen substantial growth, with significant increases in cash flow, gross revenues, and net income. This remarkable performance is
Gas industry
Nuevo Energy Co., a Houston-based independent oil and gas company, reported a record net income for the second quarter of 1995, exceeding analyst expectations. The company's net income for the quarter reached $2.5 million, or 19 cents per share, a significant increase from $1.7 million, or
Gas industry
Questar Corp., an integrated natural gas company, has approved a $.01-per-share increase in its quarterly common stock dividend to $.295 per share, marking the 22nd dividend increase in 23 years. This move highlights the company's commitment to its shareholders, with 203 consecutive dividend payments without a reduction. The
Gas industry
The Texas Supreme Court has delivered a significant ruling on natural gas contracts, upholding 20-year agreements between Tennessee Gas Pipeline Co. and several producers, including Tesoro Petroleum Co. and KCS Energy Inc. The contracts, which date back to 1979, require Tennessee Gas to purchase natural gas at prices significantly higher
Gas industry
Tejas Power Corp. has agreed to purchase 19 natural gas gathering systems onshore Texas and in the Gulf of Mexico from Seagull Energy Corp. and three other companies for $153.5 million. The acquisition includes a significant amount of pipeline infrastructure, with 226 miles of offshore pipeline and 238 miles
