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COLUMBIA GAS DEVELOPMENT ANNOUNCES A MAJOR HORIZONTAL DISCOVERY IN UTAH

 HOUSTON, Nov. 24 ~PRNewswire~ -- Columbia Gas Development Corporation, the Houston-based oil and gas exploration and production subsidiary of The Columbia Gas System, Inc. (NYSE: CG), has successfully tested a horizontally drilled exploratory well in Grand County, Utah.
 John P. Bornman Jr., president of Columbia Gas Development, said the Kane Springs Federal No. 10-1 is the fourth in a series of exploratory wells Columbia Development and its partners have drilled on a 56,000- acre block northwest of Moab since 1991.
 The Kane Springs No. 10-1 was tested at a rate of 1,325 barrels of oil and 879,000 cubic feet of gas per day through a 10~64 inch choke with a flowing tubing pressure of 4,390 pounds per square inch.
 Located in Section 10, T25S-R18E, the well reached a total measured depth of 9,080 feet (8,110 feet total vertical depth) and is producing from the Cane Creek zone of the Paradox Formation.
 Columbia Gas Development is the operator of this discovery and has a 16.9 percent working interest. Other working interest partners include Coastal Oil & Gas Corporation (48.1 percent), Enserch Exploration Partners, Ltd. (18.2 percent) and Exxon (16.9 percent).
 The Columbia Gas System, Inc., is one of the nation's largest natural gas systems. Subsidiary companies are engaged in the exploration, production, purchase, storage, transmission and distribution of natural gas and other energy operations such as cogeneration. The Columbia Gas System, Inc., and its principal pipeline subsidiary, Columbia Gas Transmission Corp., have been operating as debtors in possession under Chapter 11 of the Federal Bankruptcy Code since July 31, 1991.
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 ~CONTACT: W.R. McLaughlin, 302-429-5443, or H.W. Chaddock, 302-429-5261 (media), or D.W. McFarland, 302-429-5363, or T.L. Hughes, 302-429-5471 (analysts), all of Columbia Gas, 302-429-5443~
 (CG)


CO: Columbia Gas Development Corporation; The Columbia Gas System, Inc. ST: Utah, Texas IN: OIL SU: DSC

MK -- PH030 -- 1149 11~24~92 14:39 EST
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Publication:PR Newswire
Date:Nov 24, 1992
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