Articles > Popular publications > PR Newswire press releases > April-June 1995 > Tuesday, May 9

Article: EL PASO NATURAL GAS COMPANY TO ACQUIRE EASTEX ENERGY INC.

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PR Newswire
Article date:
May 9, 1995
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EL PASO and HOUSTON, Texas, May 9 /PRNewswire/ -- El Paso Natural Gas Company (NYSE: EPG) and Eastex Energy Inc. (Nasdaq: ETEX) jointly announced today the execution of a definitive merger agreement which provides for the merger of Eastex Energy Inc. with a subsidiary of El Paso Natural Gas Company. Eastex Energy Inc. is a full-service natural gas marketing company based in Houston that markets over 900 million cubic feet of gas per day, primarily to commercial, industrial and utility users in the Gulf Coast, Southeast, Northeast, and Midwest regions of the United States. The net value of the transaction is approximately $31 million.

In the merger, holders of ...

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