OVERLAND PARK, Kan., July 26 /PRNewswire/ -- MOUNTAIN ENERGY today
announced that it has signed agreements with Anadarko Energy Services Company
and Manchester Gas Storage Facility to combine the strengths and expertise of
each company to create additional value for the end-use customers of MOUNTAIN
ENERGY.
Mike Eichenberg, President of MOUNTAIN ENERGY, said, "These agreements
will bring unparalleled strength, flexibility and reliability to meet our
customers' needs as well as position MOUNTAIN ENERGY as a market leader in
Kansas and Missouri."
Based in Overland Park, Kansas, MOUNTAIN ENERGY is the largest and oldest
independent natural gas marketing firm in the area. MOUNTAIN ENERGY serves
over 600 small and medium-sized industrial and commercial end users in Kansas
and Missouri. The company concentrates its efforts primarily on the Kansas
Gas Services and Williams Gas Pipeline systems. MOUNTAIN ENERGY also has
sales offices in Topeka and Wichita, Kansas.
Anadarko Energy Services Company is the wholesale marketing affiliate of
Anadarko Petroleum Corporation (NYSE: APC), one of the largest independent oil
and gas producers in the United States. The companies have significant
exploration, production and gas gathering operations in Kansas and Oklahoma.
Anadarko Energy Services can deliver more than 200 million cubic feet of gas
per day into the Kansas Gas Services and Williams pipeline systems from
approximately 2,500 wells in the Hugoton field in southwest Kansas to meet
MOUNTAIN ENERGY's customers' needs.
Darryl Kennedy, Manager, Market Development for Anadarko Energy Services,
said, "This arrangement with MOUNTAIN ENERGY strategically complements our
wholesale marketing efforts in Kansas, Oklahoma and Missouri. Anadarko Energy
Services will continue to focus its efforts on serving and developing
wholesale markets by providing reliable and competitive supply on all major
pipelines within the Mid-Continent region. Anadarko Energy Services will
utilize its expertise and assets, including storage, processing, pipeline
flexibility and trading capacity, to provide MOUNTAIN ENERGY with reliable and
competitively-priced natural gas to meet its customers' needs."
"Anadarko Energy Services' strength and reliability in the field and
MOUNTAIN ENERGY's solid market base should create additional value for our
customers and both companies," said Eichenberg.
Eichenberg also announced today that MOUNTAIN ENERGY has entered into an
agreement to act as agent for the sales and management of capacity for the
Manchester Gas Storage Facility. Located in Grant County, Oklahoma, the
Manchester facility has more than 12 billion cubic feet of storage capacity
and substantial deliverability into the Williams (over 100 million cubic feet
per day) and Oklahoma Natural Gas (over 30 million cubic feet per day)
systems.
"The relationships with Anadarko Energy Services and Manchester bring
additional flexibility to our inventory control and provide access to supply
and deliverability during times of critical temperature fluctuations. With
these arrangements, MOUNTAIN ENERGY now has additional strength to
substantially grow and meet the changing needs of natural gas customers in
Kansas and Missouri," added Eichenberg.
Based in Houston, Texas, Anadarko Petroleum Corporation explores for and
develops natural gas and crude oil in the United States and overseas. In the
United States, the company's core drilling and production operations are
located primarily in Kansas, Oklahoma, Texas, Alaska and the Gulf of Mexico.
Overseas, Anadarko is active in Algeria, the North Atlantic Margin, Tunisia
and elsewhere.
For additional information, please contact:
MOUNTAIN ENERGY: Rodrick S. Donovan, 913-236-7997
Anadarko: Darryl Kennedy, 281-874-3263
SOURCE MOUNTAIN ENERGY
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Related links:
http://www.anadarko.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/19990430/ANADARKOLOGO
http://www.newscom.com/cgi-bin/prnh/19990709/MTNENERGY PR
Newswire Photo Desk, 888-776-6555 or 201-369-3467
Company News On-Call:
http://www.prnewswire.com/comp/038950.html or fax,
800-758-5804, ext. 038950
CONTACT:
Rodrick S. Donovan of MOUNTAIN ENERGY,
913-236-7997; or Darryl Kennedy of Anadarko Energy Services
Company, 281-874-3263
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