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Tejas Gas Changes Company Name to Reflect Expanded Scope, Focus.

HOUSTON--(BUSINESS WIRE)--April 30, 1998--Tejas Gas Corporation now has a new name to go with its expanded position as a leader in the U.S. midstream energy business. Shell Oil Company's midstream natural gas assets were merged into Tejas following the close of Shell's $3 billion acquisition of Tejas this past January.

Tejas Energy, LLC has been selected as the new name of the company to represent its expanded scope and plans for expansion into new energy-related activities.

"The name Tejas Energy symbolizes our transformation from a large intrastate natural gas pipeline company to the engine for Shell's growth in the midstream natural gas and power business," said Jay Precourt, Tejas Energy chief executive officer.

The current assets of Tejas Energy rank it among the largest U.S. companies in several midstream categories, including natural gas transportation and storage, and natural gas liquids processing and fractionation. Tejas Energy is engaged in wholesale natural gas and power marketing through its joint interest with Shell in Coral Energy, L.P.

"The next step for Tejas Energy is to develop a strategy for entering the deregulated power generation market," said Precourt. "Resources available from Shell enable us to pursue new growth opportunities, while we continue to expand our core natural gas business."

In the past 10 years, Tejas Energy has experienced significant growth, primarily through major acquisitions in 1988, 1990, 1993 and 1996. Each acquisition essentially doubled its earnings and asset base, which nearly doubled again with the merger of Shell's midstream assets in 1998.

Tejas Energy is headquartered in Houston and also has major offices in Tulsa, Okla. and Thibodaux, La. Tejas Energy and its affiliates own or have a significant interest in approximately 12,500 miles of pipelines primarily in Texas, Oklahoma, Louisiana and the Gulf of Mexico with a throughput capacity of 14.8 billion cubic feet per day (Bcf/d), 158 Bcf of underground natural gas storage capacity, and 33 gas plants with processing capacity of 12.3 Bcf/d and natural gas liquids output of 290,000 barrels per day.

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 FACT SHEET

 Tejas Energy and Affiliates (a)

 Intrastate Natural Gas Pipelines
 Locations: Texas, Oklahoma, Louisiana
 Miles: 11,100
 Capacity: 8.7 billion cubic feet per day (Bcf/d)

 Natural Gas Storage
 Locations: Texas, Oklahoma, Louisiana
 Capacity: 158 Bcf

 Natural Gas Liquids Pipelines
 Location: Louisiana, Mississippi
 Miles: 290
 Capacity: 250,000 barrels per day (b/d) gross
 (not including equity ownership in
 Dixie and Promix lines)

 Natural Gas Liquids Storage
 Locations: Louisiana, Mississippi
 Capacity: 3.2 million barrels net

 Natural Gas Liquids Marketing
 Products: Ethane, Propane, Normal Butane, Iso-butane,
 Natural Gasoline
 Volumes: 195,000 b/d

 Natural Gas Processing & Treating Plants
 Locations: Louisiana (10), Texas (8), Oklahoma (8),
 W. Virginia (3), Mississippi (1)
 Capacity: 12.3 Bcf/d gross, 4.6 Bcf/d net

 Natural Gas Fractionation Plants:
 Locations: Louisiana (4), Texas (2)
 Capacity: 290,000 b/d gross, 140,000 b/d net

 Gulf of Mexico Natural Gas Pipelines:
 Interstate Systems: 5
 Gathering Systems: 11
 Total Miles: 1,050
 Total Capacity: 6.1 BCFD gross

(a) Includes assets jointly held with others and facilities announced
or under construction





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CONTACT: Tejas Energy, LLC, Houston

Jimmy Fox, 713/230-3594
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Publication:Business Wire
Date:Apr 30, 1998
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