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TEXAS EASTERN TRANSMISSION CORPORATION FILES TO WITHDRAW ARKLA AND TRANSOK CAPACITY LEASE APPLICATIONS

 HOUSTON, Nov. 17 /PRNewswire/ -- Texas Eastern Transmission Corporation today filed to withdraw two capacity lease applications pending before the Federal Energy Regulatory Commission. The applications to lease pipeline capacity from Arkla Energy Resources (AER) and Transok, Inc., were filed this summer.
 Texas Eastern has filed a notice of withdrawal of its application to lease 250 million cubic feet per day (MMcf/d) of capacity in AER's pipeline system and has also filed a notice of withdrawal of its application to lease 125 MMcf/d of capacity in Transok's pipeline system. The notices of withdrawal were made without prejudice to refiling at a later date.
 Texas Eastern, AER and Transok will continue to discuss alternative arrangements for supplies from the Mid-continent. "There are many unanswered questions on the procedures pipelines must follow to access new supply areas now that Order 636 has been implemented," said Richard A. Perkins, Texas Eastern's senior vice president of marketing and regulatory affairs.
 "By withdrawing our application without prejudice at this time, we can re-evaluate the project until such a time as the uncertainties are resolved. As was our intent with the proposed Arkla and Transok capacity leases, we will continue to seek to provide access to diverse and economically-priced natural gas supplies for our customers," Perkins said.
 Texas Eastern had sought FERC authorization in a July 30, 1993, filing to lease pipeline capacity from AER to access natural gas supplies from the Arkoma, Anadarko and other basins. The capacity would have been leased on AER's existing system and on the proposed Line AC extension.
 The company had also sought FERC authorization in an Aug. 11, 1993, filing to lease pipeline capacity on Transok's existing system in Oklahoma. The applications had called for supplies being transported via the Transok capacity lease to be delivered into the AER capacity leased by Texas Eastern.
 Texas Eastern Transmission Corporation is a subsidiary of Panhandle Eastern Corporation (NYSE: PEL), America's natural gas transportation company, which operates one of the nation's largest interstate natural gas pipeline systems, providing natural gas transportation and related services to the Midwest and Northeast markets.
 -0- 11/17/93
 /CONTACT: Danny P. Gibbs, media, 713-627-5011, or Brad Porlier, investors, 713-627-4600 or 800-347-3636, both for Texas Eastern Transmission/
 (PEL)


CO: Texas Eastern Transmission Corporation ST: Texas IN: OIL SU:

TM -- NY105 -- 5721 11/17/93 17:16 EST
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Date:Nov 17, 1993
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