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Microcap & Penny Stocks : MTEI - Mountain Energy - No BASHING Allowed -- Ignore unavailable to you. Want to Upgrade?

To: PCModem who wrote (11524)	7/26/1999 9:38:00 PM
From: diamond/2	Read Replies (2) \| Respond to of 11684

(COMTEX) B: MOUNTAIN ENERGY SIGNS AGREEMENTS WITH ANADARKO ENERGY SER B: MOUNTAIN ENERGY SIGNS AGREEMENTS WITH ANADARKO ENERGY SERVICES AND MANCHESTER GAS STORAGE FACILITY TO BETTER SERVE ITS CUSTOMERS IN KANSAS and Missouri OVERLAND PARK, Kan., Jul 26, 1999 /PRNewswire via COMTEX/ -- 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 intoan agreement to act as agent for the sales and management of capacity forthe 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 cubicfeet 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 forand 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 (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Rodrick S. Donovan of MOUNTAIN ENERGY, 913-236-7997; or Darryl Kennedy of Anadarko Energy Services Company, 281-874-3263 /Photo: newscom.com newscom.com PR Newswire Photo Desk, 888-776-6555 or 201-369-3467 /Company News On-Call: prnewswire.com or fax, 800-758-5804, ext. 038950 WEB PAGE: anadarko.com GEOGRAPHY: Kansas Oklahoma Missouri Texas INDUSTRY CODE: OIL * end of story *