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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (14978)1/22/1999 1:27:00 PM
From: Kerm Yerman  Read Replies (9) of 15196
 
IN THE NEWS / Union Pacific To Produce 60mmcfd More Gas By Feb 1

Union Pacific Resources Group Inc. (UPR.N) said Friday it expects to begin producing and processing about 60 million cubic feet of natural gas per day by the end of this month from its Edwards field in Texas. The "sour" gas will be gathered from seven wells at the Edwards formation and piped to a new "sweetening" plant to be stripped of hydrogen sulfide and carbon dioxide.

Union Pacific, one of the largest U.S. oil and gas exploration companies, said it plans to drill another well later in the year to extend the northern boundary of the field, in Texas's Fayette and southern Lee counties.

In November, Union Pacific said its new "sweetening" plant will be sold to Duke Energy Services Inc in March. Under the agreement, the company has dedicated production from about 500 square miles to the plant for 10 years.
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