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CONSOLIDATED NATURAL GAS ANNOUNCES GAS AND CONDENSATE FIND IN GULF OF MEXICO

 PITTSBURGH, June 29 /PRNewswire/ -- Consolidated Natural Gas Company (NYSE: CNG) said today that its subsidiary, CNG Producing Company, found natural gas and condensate in the Gulf of Mexico about 170 miles southwest of New Orleans. The well drilled in South Marsh Island Block 154 encountered over 225 feet of net gas pay in two sands. The lower zone has been tested at a rate of over 20 million cubic feet of gas and more than 1,100 barrels of condensate per day. It is expected that actual production rates will be substantially greater once the well has been completed.
 A platform is available for immediate installation and plans are to have the well on production by October 1 to meet peak winter demand. Additional seismic work is being considered to evaluate offset potential.
 CNG Producing Company, the operator, and Nerco Oil and Gas each own a 50 percent working interest in the well.
 CNG Producing Company, based in New Orleans, is a wholly-owned subsidiary
of Consolidated. Consolidated is one of the country's largest producers, transporters and distributors of natural gas. Its primary marketing areas for natural gas are in Ohio, Pennsylvania, Virginia, West Virginia, New York and other states in the Northeast. The company explores for and produces gas and oil throughout the United States and in Canada.
 -0- 6/29/93
 /CONTACT: John Conti of Consolidated Natural Gas, 412-227-1133/
 (CNG)


CO: Consolidated Natural Gas Company; CNG Producing Company ST: Pennsylvania, Louisiana IN: OIL SU: DSC

WB -- NY080 -- 6847 06/29/93 16:04 EDT
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Publication:PR Newswire
Date:Jun 29, 1993
Words:255
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