Printer Friendly

KCS ENERGY BUYS ADDITIONAL INTEREST IN MISSISSIPPI OIL FIELD

 HOUSTON, March 3 /PRNewswire/ -- KCS Energy (NYSE: KCS) today announced an agreement to acquire an approximate 22 percent additional working interest in the Bay Springs oil field in Jasper County, Miss. This will increase KCS Energy's working interest in the field to 40 percent and its net revenue interest to 31 percent.
 C.R. Devine, vice president of oil and gas operations, said the purchase is expected to double the company's oil reserves. The company also acquired an option for an additional 11 percent working interest in the field.
 The Bay Springs field, with seven wells currently producing, is located southeast of Jackson, Miss., and covers approximately 1,200 acres. Additional development is planned this year at Bay Springs, the KCS spokesman said.
 KCS Energy is engaged in oil and gas exploration and production, natural gas transportation, natural gas marketing and energy services with operations in Texas, Louisiana, Mississippi, New York, New Jersey, Virginia and Pennsylvania.
 -0- 03/03/93
 /CONTACT: Henry A. Jurand, 908-632-1770, or C. R. Devine (in Houston), 713-877-8006, both of KCS Energy/
 (KCS)


CO: KCS Energy ST: New Jersey, Texas IN: OIL SU: TNM

LR-AH -- NY068 -- 2543 03/03/93 14:45 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Mar 3, 1993
Words:197
Previous Article:MOTOROLA'S GLOBAL CELLULAR TELEPHONE TECHNOLOGIES DISPLAYED AT CTIA SHOW
Next Article:IRS: FREE TAX HELP AVAILABLE NOW IN DOWNTOWN SEATTLE
Topics:


Related Articles
TEXAS COURT UPHOLDS KCS ENERGY ABOVE-MARKET GAS PRICING CONTRACT WITH TENNESSEE GAS PIPELINE CO.
ABOVE-MARKET PRICE GAS PRODUCTION RISES AT KCS ENERGY
KCS ENERGY EARNINGS UP 56 PERCENT OVER PREVIOUS YEAR
KCS ENERGY COMPLETES MAJOR GAS WELL IN SOUTH TEXAS; PRODUCTION BEING SOLD UNDER AN ABOVE MARKET PRICE CONTRACT
KCS ENERGY ACQUIRES 50 PERCENT INTEREST IN 1,076 ACRES ADJOINING ITS BOB WEST/FALCON FIELD IN SOUTH TEXAS
KCS ENERGY FIRST QUARTER NET 23 CENTS VS. 11 CENTS
KCS ENERGY INCREASES ABOVE MARKET PRICE NATURAL GAS SALES
KCS ENERGY ACQUIRES INTERESTS IN 80 WELLS IN TEXAS
KCS ENERGY QUARTERLY EARNINGS TO EXCEED ANALYSTS' ESTIMATES
KCS ENERGY SECOND QUARTER NET 52 CENTS VS. 9 CENTS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters