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WELLS NAMED REGIONAL VICE PRESIDENT AT PANHANDLE TRADING COMPANY

 HOUSTON, Dec. 22 /PRNewswire/ -- Scott R. Wells has been named vice president of the southeast region for Panhandle Trading Company (PTC), the Panhandle Eastern Corporation (NYSE: PEL) affiliate operating as an independent marketer of natural gas in the national marketplace.
 He succeeds David R. Liles, who recently was named PTC president.
 Wells joined PTC in 1987 as a senior gas representative and was promoted to manager of gas supply for the southeast region in 1990.
 He began his career in the energy industry in 1974 with Texaco in oil field services and later became a gas sales representative. From 1980 to 1987, Wells worked for Northern Natural Gas Company and Enron Gas Marketing in various gas acquisition and supply positions, including director of gas acquisitions and manager of supply administration.
 He received a bachelor's degree in journalism from Southern Illinois University at Carbondale, Ill., in 1973 and a bachelor of business administration from the University of Tulsa in 1979.
 Wells is a member of Natural Gas Association chapters in Houston, New Orleans and the Permian Basin and the Natural Gas Society of North Texas.
 Panhandle Eastern Corporation operates one of the nation's largest interstate natural gas pipeline systems, which provides natural gas to the Midwest and Northeast markets.
 -0- 12/22/92
 /CONTACT: Guy Cantwell, media relations, 713-627-5012, or Brad Porlier, investor relations, 713-627-4600 or 800-347-3636, both of Panhandle Eastern Corporation.
 (PEL)


CO: Panhandle Eastern Corporation; Panhandle Trading Company ST: Texas IN: OIL SU: PER

WB -- NY065 -- 9316 12/22/92 17:23 EST
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Publication:PR Newswire
Date:Dec 22, 1992
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