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SCANA UNIT TO ACQUIRE ADDITIONAL NATURAL GAS RESERVES

 COLUMBIA, S.C., May 4 /PRNewswire/ -- SCANA Corporation (NYSE: SCG) announced today that its wholly-owned subsidiary, SCANA Petroleum Resources, Inc., has agreed to acquire NICOR Exploration and Production Co. from NICOR Oil and Gas Corporation, a subsidiary of NICOR, Inc. (NYSE: GAS). NICOR Exploration and Production Co. owns approximately 125 billion cubic feet equivalent of natural gas reserves located principally along the Gulf Coast and in Oklahoma.
 Lawrence M. Gressette, Jr., chairman and chief executive officer of SCANA Corp., said, "This acquisition will double our owned reserves of natural gas, and continues the expansion of this segment of our energy company."
 The transaction is expected to close in early June. No other terms were released.
 SCANA Corp. is an energy-based holding company headquartered in Columbia, SC.
 -0- 5/4/93
 /CONTACT: H. John Winn, Manager-Investor Relations & Shareholder Services, SCANA Corporation, 803-748-3240/
 (SCG GAS)


CO: SCANA Corporation; NICOR, Inc. ST: South Carolina IN: UTI SU: TNM

CM -- CH010 -- 4292 05/04/93 11:47 EDT
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Publication:PR Newswire
Date:May 4, 1993
Words:164
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