Printer Friendly

WESTERN GAS RESOURCES OFFERS 4,100,000 COMMON SHARES AT $18.375 PER SHARE

          WESTERN GAS RESOURCES OFFERS 4,100,000 COMMON SHARES
                          AT $18.375 PER SHARE
    DENVER, Nov. 14 /PRNewswire/ -- Western Gas Resources Inc. (NYSE: WGR) announced today the public offering of 4,100,000 shares of its common stock at a price of $18.375 per share.  Of the 4,100,000 shares being offered, 3,500,000 shares are being offered by the company and 600,000 shares are being offered by a stockholder.  Morgan Stanley & Co. Inc. and Donaldson, Lufkin & Jenrette Securities Corp. are the lead managers of the underwriting group.
    The net proceeds to the company from the sale of the shares will be used to repay a portion of the long-term debt incurred in the acquisition of the gas processing division of Union Texas Products Corp.
    Western Gas Resources owns and operates natural gas gathering and processing facilities and markets and transports natural gas and natural gas liquids.
    -0-                     11/14/91
    /CONTACT:  Ronald O. Wirth of Western Gas Resources, 800-933-5603/
    (WGR) CO:  Western Gas Resources Inc. ST:  Colorado IN:  OIL SU:  OFR BB -- DV001 -- 4349 11/14/91 10:44 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 14, 1991
Words:185
Previous Article:READING COMPANY ANNOUNCES THIRD QUARTER RESULTS
Next Article:GTSI ELECTS SCHOENBERG DIRECTOR
Topics:


Related Articles
WESTERN GAS RESOURCES DECLARES FOURTH QUARTER DIVIDEND
WESTERN GAS RESOURCES DECLARES SECOND QUARTER DIVIDEND
WESTERN GAS RESOURCES DECLARES FIRST QUARTER DIVIDEND ON COMMON AND PREFERRED STOCK
WESTERN GAS RESOURCES DECLARES SECOND QUARTER DIVIDEND ON COMMON AND PREFERRED STOCK
WESTERN GAS RESOURCES DECLARES THIRD QUARTER DIVIDEND ON COMMON AND PREFERRED STOCK
WESTERN GAS RESOURCES INC. DECLARES FOURTH QUARTER DIVIDEND ON COMMON AND PREFERRED STOCK
WESTERN GAS RESOURCES INC. OFFERS $120 MILLION OF CUMULATIVE CONVERTIBLE PREFERRED STOCK
WESTERN GAS RESOURCES INC. DECLARES COMMON AND PREFERRED DIVIDENDS
WESTERN GAS RESOURCES INC. DECLARES COMMON AND PREFERRED DIVIDENDS
Snyder Oil Calls Notes And Comments On Corporate Progress

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters