PITTSBURGH, Aug. 26 /PRNewswire/ -- CNG Producing Company, acting alone or
with partners, was apparent high bidder on five tracts, including three in
deep water, at the Western Gulf of Mexico Lease Sale 174 held yesterday in New
Orleans. CNG Producing's share of the bids totaled $5.7 million.
CNG Producing has a 50 percent interest in high bids for three tracts
located in water depths between 1,500 and 3,900 feet -- Keathley Canyon 7,
Keathley Canyon 682 and Garden Banks 213.
CNG Producing has a 100 percent interest in high bids for two tracts in
the shallow water on the Continental Shelf -- High Island A-2 and High Island
A-3.
As is customary, the high bids will be reviewed by the Minerals Management
Services of the U.S. Department of the Interior before leases are awarded.
CNG Producing explores for and produces natural gas and oil throughout the
United States and Canada and is one of the leading independent producers in
the Gulf of Mexico. It is a subsidiary of 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 extension number, 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
Company News On-Call:
http://www.prnewswire.com/comp/203456.html or fax,
800-758-5804, ext. 203456
CONTACT:
Dan Donovan of Consolidated Natural Gas,
412-690-1370
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