Corporate Profile for Midcoast Energy Resources Inc, dated July 23, 1999.

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Published Date:   July 23, 1999

Company Name:     Midcoast Energy Resources Inc

Address:          1100 Louisiana, Suite 2900
                  Houston, TX 77002

Main Telephone
 Number:          713/650-8900

Internet Home
 Page Address
  (URL)           http://www. midcoastenergy.com

Chief Executive
 Officer:         Dan C. Tutcher

Chief Financial
 Officer:         Richard Robert

Investor Relations
 Contact:         Duane S. Herbst
 Business number: 800/451-1953
 E-mail address:  [e-mail]

Public Relations
 Contact:         Duane S. Herbst
 Business number: 800/451-1953
 E-mail address:  [e-mail]

Industry:         Natural Gas Pipeline

Trading Symbol/
 Exchange:        AMEX/MRS

Company description: Midcoast Energy Resources, Inc. is a Houston based company which transports, gathers, processes, and markets natural gas and other petroleum products through over 60 company owned pipelines encompassing approximately 2,500 miles in nine states. The Company's core business consists of providing transportation services through its pipelines to both end-users and natural gas producers while also offering value-added natural gas marketing, processing and treating services to these customers.

For the year ended Dec. 31, 1998, Midcoast reported net income of $9.1 million or $1.29 per share (basic) on revenues of $234.1 million, as compared to net income of $5.8 million or $1.13 per share (basic) and revenues of $112.7 million in 1997.