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Gas News Release
August 26, 1999
CNG Producing High Bidder on Five Tracts, Including Three
in Deep Water In Western Gulf of Mexico Lease Sale
PITTSBURGH -- 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 - news), 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: 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.
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For further information contact:
Dan Donovan
412-690-1370
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