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NEW NATURAL GAS MARKETING COMPANY FORMED

 CHARLOTTE, N.C., Jan. 14 /PRNewswire/ -- Piedmont Natural Gas Company (NYSE: PNY) today announced the formation of a new company, Resource Energy Services Company, LLC. A Piedmont subsidiary, Piedmont Energy Company has merged with two Houston based energy marketing firms GMI Energy, Inc. and Commercial Natural Gas, Inc. to form the new company that will offer natural gas acquisition, transportation and storage service to industrial energy users and utilities. Initially its activities will focus on the mid-south and southeastern sections of the country. Future plans involve the acquiring of assets, including production area gathering systems and natural gas reserves.
 Officers of the new company are John H. Maxheim, Chairman and President of Piedmont Natural Gas who will serve as Chairman, Leon Bray, President of GMI Energy, Inc. as President and Harold F. Zeiler, President of Commercial Natural Gas as Senior Vice President. Mr. Bray, prior to the forming of GMI Energy was Vice President - Marketing, Anadarko Petroleum Corporation, the largest
independent producer of natural gas in the United States. Mr. Zeiler, prior to being President of Commercial Natural Gas, was President, Phillips Gas Marketing Company and North America Marketing Manager, Phillips Petroleum Company and Phillips 66 Natural Gas Company.
 According to Maxheim, the new company will fill a need created by the implementation of Federal Energy Regulatory Commission Order 636 which caused natural gas transportation and storage services on interstate pipelines to become deregulated, allowing other parties to offer services for industrial and utility companies. "We are indeed fortunate", stated Maxheim, "to have partners in this venture with the experience and knowledge that Leon Bray and Harold Zeiler have in the natural gas industry. We will immediately begin marketing our product of service and expertise from the Houston office."
 In 1982 Piedmont was the first major natural gas distributor to open a Houston office for the purpose of acquiring product for the Company and its' customers. They will continue to have a working relationship with Enmar, Inc. and their principals, W. T. Elford and C. R. "Bud" Estes outside of the operations of Resource Energy Services Company, LLC.
 Piedmont Natural Gas Company, Inc., is an energy and services company primarily engaged in the transportation and sale of natural gas to over 440,000 residential, commercial and industrial customers in North Carolina, South Carolina and Tennessee. The Company and its non- utility subsidiaries are also engaged in acquiring, marketing and arranging for transportation of natural gas to large volume purchasers, in retailing residential and commercial gas appliances and in the sale of propane to over 36,800 customers in the Company's three-state area.
 -0- 1/14/94
 /CONTACT: Ware Schiefer, Senior Vice President of Marketing and Gas Supply, Piedmont Natural Gas, 704-364-3120, or Leon Bray, President of GMI Energy, 713-871-0380/
 (PNY)


CO: Piedmont Natural Gas Company; Resource Energy Services Company LLC;
 Piedmont Energy Company; GMI Energy, Inc.; Commercial Natural Gas,
 Inc. ST: North Carolina, South Carolina, Tennessee, Texas IN: UTI OIL SU: TNM


CM -- CH007 -- 1194 01/14/94 12:08 EST
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Publication:PR Newswire
Date:Jan 14, 1994
Words:501
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