NEW ORLEANS, March 18 /PRNewswire/ -- CNG Producing Company, acting alone
or with partners, was high bidder on nine leases in yesterday's Central Gulf
of Mexico Lease Sale 172. Six of the leases are in deep water.
The company's high bids totaled $7.3 million and include the following
blocks: 100 percent interests in Viosca Knoll 740, Green Canyon 691, Green
Canyon 692, West Cameron 58 and South Pelto 16; 50 percent interests in
Mississippi Canyon 296, Mississippi Canyon 595, Mississippi Canyon 639; and a
one-third interest in Main Pass 164. Viosca Knoll, Green Canyon and
Mississippi Canyon are in deep water.
As is customary, the high bids will be reviewed by the Minerals Management
Service of the U.S. Interior Department before the leases are awarded. If the
bids are successful, CNG will add about 37,000 acres to the approximately
385,000 acres it already holds in the Gulf of Mexico.
CNG Producing Company is one of the nation's largest independent producers
of natural gas and oil, and the third largest producer in the deep waters of
the Gulf of Mexico. It is responsible for all exploration and development
activities of Pittsburgh-based Consolidated Natural Gas Company (NYSE: CNG),
one of the nation's largest producers, transporters, distributors and retail
marketers of natural gas.
CNG's recent news releases are available 24 hours a day on the Internet,
by fax machine, or by voice recording. On the Internet, use CNG's Web site:
http://www.cng.com. For faxing, call 1-800-758-5804 on a touch-tone phone and enter
CNG's company extension, which is 203456. From a menu, you will then be able
to select releases that will be faxed to you immediately without charge. For
voice recordings, call 1-888-CNG-NEWS. This line is toll-free.
SOURCE Consolidated Natural Gas Company
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Related links:
http://www.cng.com
CONTACT:
Dan Donovan of Consolidated Natural Gas
Company, 412-690-1370
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