[Federal Register Volume 60, Number 176 (Tuesday, September 12, 1995)]
[Notices]
[Pages 47376-47390]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-22581]
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FEDERAL TRADE COMMISSION
[File No. 951-0037]
Phillips Petroleum Company and Enron Corporation.; Consent
Agreement With Analysis to Aid Public Comment
AGENCY: Federal Trade Commission.
ACTION: Consent agreement.
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SUMMARY: In settlement of alleged violations of federal law prohibiting
unfair acts and practices and unfair methods of competition, this
consent agreement, accepted subject to final Commission approval, would
require the Houston, Texas-based Enron Corporation not to sell 830
miles of natural gas pipe and related assets within the Texas and
Oklahoma Panhandle region to the Bartlesville, Oklahoma-based Phillips
Petroleum Company.
DATES: Comments must be received on or before November 13, 1995.
ADDRESSES: Comments should be directed to: FTC/Office of the Secretary,
Room 159, 6th St. and Pa. Ave., NW., Washington, DC 20580.
FOR FURTHER INFORMATION CONTACT:
Ronald B. Rowe, Bureau of Competition, Federal Trade Commission, S-
2602, 6th Street & Pennsylvania Ave., NW., Washington, DC 20580, (202)
326-2610.
SUPPLEMENTARY INFORMATION: Pursuant to Section 6(f) of the Federal
Trade Commission Act, 38 Stat. 721, 15 U.S.C. 46 and Section 2.34 of
the Commission's Rules of Practice (16 CFR 2.34), notice is hereby
given that the following consent agreement containing a consent order
to cease and desist, having been filed with and accepted, subject to
final approval.
The Federal Trade Commission (``Commission''), having initiated an
investigation of the proposed acquisition by Phillips Petroleum Company
(``Phillips''), through its subsidiary GPM Gas Corporation (``GPM''),
of the outstanding voting securities of Enron Anadarko Gathering
Company and Transwestern Anadarko Gathering Company, two subsidiaries
of Enron Corp. (``Enron''), that will own certain gas gathering assets
currently owned by Transwestern Pipeline Company (``Transwestern'') and
Northern Natural Gas Company (``Northern Natural''), two other
subsidiaries of Enron, and it now appearing that Enron and Phillips,
hereinafter sometimes referred to as ``Proposed Respondents,'' are
willing to enter into an agreement containing an Order to cease and
desist engaging in certain activities, and providing for other relief:
It is hereby agreed by and between Proposed Respondents, by their
duly authorized officers and attorneys, and counsel for the Commission
that:
1. Proposed Respondent Phillips is a corporation organized,
existing, and doing business under and by virtue of the laws of the
State of Delaware, with its office and principal place of business at
Phillips Building, Bartlesville, Oklahoma 74004.
2. Proposed Respondent Enron is a corporation organized, existing,
and doing business under and by virtue of the laws of the State of
Delaware, with its office and principal place of business at 1400 Smith
Street, Houston, Texas 77002.
3. Proposed Respondents admit all the jurisdictional facts set
forth in the draft complaint.
4. Proposed Respondents waive:
a. any further procedural steps;
b. the requirement that the Commission's decision contain a
statement of findings of fact and conclusions of law;
[[Page 47377]]
c. all rights to seek judicial review or otherwise to challenge or
contest the validity of the Order entered pursuant to this agreement;
and
d. any claim under the Equal Access to Justice Act.
5. This agreement shall not become part of the public record of the
proceeding unless and until it is accepted by the Commission. If the
agreement is accepted by the Commission it, together with the draft of
complaint contemplated thereby, will be placed on the public record for
a period of sixty (60) days and information in respect thereto publicly
released. The Commission thereafter may either withdraw its acceptance
of this agreement and so notify the Proposed Respondents, in which
event it will take such action as it may consider appropriate, or issue
and serve its complaint (in such form as the circumstances may require)
and decision, in disposition of the proceeding.
6. This agreement is for settlement purposes only and does not
constitute an admission by Proposed Respondents that the law has been
violated as alleged in the draft of complaint, or that the facts as
alleged in the draft complaint, other than jurisdictional facts, are
true.
7. This agreement contemplates that, if it is accepted by the
Commission, and if such acceptance is not subsequently withdrawn by the
Commission pursuant to the provisions of Sec. 2.34 of the Commission's
Rules, the Commission may, without further notice to the Proposed
Respondents, (1) issue its complaint corresponding in form and
substance with the draft of complaint and its decision containing the
following Order to cease and desist in disposition of the proceeding
and (2) make information public with respect thereto. When so entered,
the Order to cease and desist shall have the same force and effect and
may be altered, modified or set aside in the same manner and within the
same time provided by statute for other orders. The Order shall become
final upon service. Delivery by the U.S. Postal Service of the
complaint and decision containing the agreed-to Order to Proposed
Respondents' addresses as stated in this agreement shall constitute
service. Proposed Respondents waive any right they may have to any
other manner of service. The complaint may be used in construing the
terms of the Order, and no agreement, understanding, representation, or
interpretation not contained in the Order or the agreement may be used
to vary or contradict the terms of the Order.
8. Proposed Respondents have read the proposed complaint and Order
contemplated hereby. Proposed Respondents understand that once the
Order has been issued, they will be required to file one or more
compliance reports showing that they have fully complied with the
Order. Proposed Respondents further understand that they may be liable
for civil penalties in the amount provided by law for each violation of
the Order after it becomes final.
Order
I
It is ordered that, as used in this Order, the following
definitions shall apply:
A. ``Phillips'' means Phillips Petroleum Company, its directors,
officers, employees, agents, and representatives, predecessors,
successors, and assigns, its subsidiaries, divisions, groups, and
affiliates controlled by Phillips, and the respective directors,
officers, employees, agents, representatives, successors, and assigns
of each.
B. ``Enron'' means Enron Corp., its directors, officers, employees,
agents, and representatives, predecessors, successors, and assigns, its
subsidiaries, divisions, groups, and affiliates controlled by Enron,
and the respective directors, officers, employees, agents,
representatives, successors, and assigns of each.
C. ``Respondent'' or ``Respondents'' means Phillips and Enron,
collectively and individually.
D. ``Maxus'' means Maxus Energy Corporation, its predecessors,
successors, and assigns, subsidiaries, divisions, and groups, and
affiliates controlled by Maxus Energy Corporation.
E. The ``Acquisition'' means the proposed acquisition by Phillips
of the outstanding voting securities of Enron Anadarko Gathering
Company and Transwestern Anadarko Gathering Company, which will own
certain gas gathering assets currently owned by Transwestern Pipeline
Company and Northern Natural Gas Company, two subsidiaries of Enron,
pursuant to the stock purchase agreements executed on November 15,
1994, by Phillips and Enron as subsequently modified and amended.
F. ``Gas gathering'' means pipeline transportation, for oneself or
other persons, of natural gas over any part or all of the distance
between a well and a gas transmission pipeline or gas processing plant.
G. ``Person'' means any natural person, partnership, corporation,
company, association, trust, joint venture or other business or legal
entity, including any governmental agency.
H. ``Related Person'' means a person controlled by, controlling, or
under the common control with, another person.
I. ``Relevant Geographic Area'' means the Texas counties of
Hansford, Ochiltree, and Lipscomb and all portions of Beaver County,
Oklahoma, within ten miles of the Texas border.
J. ``Schedule A assets'' means the whole and any part of the assets
listed in Schedule A of this Order (including, but not limited to, the
assets listed in annex 1 and annex 2).
K. ``Commission'' means the Federal Trade Commission.
II
It is further ordered that Enron shall not sell, transfer, or
otherwise convey, directly or indirectly, the Schedule A assets, or any
stock, share capital, equity, or other interest in any person
controlling the Schedule A assets, to Phillips in connection with the
Acquisition; and, within thirty (30) days after this Order becomes
final, Enron shall provide notice of the requirements of this Order to
the Federal Energy Regulatory Commission.
III
It is further ordered that Phillips shall not acquire, directly or
indirectly, any stock, share capital, equity, or other interest in any
person controlling the Schedule A assets in connection with the
Acquisition.
IV
It is further ordered that, for a period of ten (10) years from the
date this Order becomes final, Phillips shall not, without prior
notification to the Commission, directly or indirectly:
A. Acquire the Schedule A assets;
B. Acquire any stock, share capital, equity, or other interest in
any person engaged in gas gathering within the Relevant Geographic Area
at any time within the two years preceding such acquisition, provided,
however, that an acquisition of securities will be exempt from the
requirements of this paragraph (IV.B) if after the acquisition Phillips
will hold cumulatively no more than two (2) percent of the outstanding
shares of any class of security of such person; and provided further,
that this Paragraph (IV.B) shall not apply to the acquisition of any
interest in a person that is not at the time of the acquisition engaged
in gas gathering within the Relevant Geographic Area due to the sale
within the preceding two years of all assets used for gas gathering
within the Relevant Geographic Area to another
[[Page 47378]]
party who intended to operate said assets for gas gathering within the
Relevant Geographic Area; or
C. Enter into any agreements or other arrangements with any person
or with two or more related persons to obtain, within any 18 month
period, direct or indirect ownership, management, or control of more
than five miles of pipeline previously used for gas gathering and
suitable for use for gas gathering within the Relevant Geographic Area.
V
It is further ordered that, for a period of ten (10) years from the
date this Order becomes final, Enron shall not, without prior
notification to the Commission, directly or indirectly:
A. Transfer Schedule A assets to Phillips or Maxus;
B. Transfer any stock, share capital, equity, or other interest in
any entity controlling the Schedule A assets to Phillips or Maxus; or
C. Enter into any agreement or other arrangement to transfer direct
or indirect ownership, management, or control of any of the Schedule A
assets to Phillips or Maxus.
VI
It is furthered ordered that the prior notifications required by
Paragraphs IV and V of this Order shall be given on the Notification
and Report Form set forth in the Appendix to Part 803 of Title 16 of
the Code of Federal Regulations as amended (hereinafter referred to as
``the Notification''), and shall be prepared and transmitted in
accordance with the requirements of that part, except that no filing
fee will be required for any such notification, notification shall be
filed with the Secretary of the Commission, notification need not be
made to the United States Department of Justice, and notification is
required only of Respondents and not of any other party to the
transaction. In lieu of furnishing (1) documents filed with the
Securities and Exchange Commission, (2) annual reports, (3) annual
audit reports, (4) regularly prepared balance sheets, or (5) Standard
Industrial Code (SIC) information in response to certain items in the
Appendix to Part 803 of Title 16 of the Code of Federal Regulations,
Phillips shall provide a map showing the location of the pipeline whose
acquisition is proposed and other pipelines used for gas gathering in
the Relevant Geographic Area and a statement showing the quantity of
gas that flowed through pipeline whose acquisition is proposed in the
previous 12 month period. Respondents shall provide the Notification to
the Commission at least thirty days prior to consummating any such
transaction (hereinafter referred to as the ``first waiting period''),
If, within the first waiting period, representatives of the Commission
make a written request for additional information, Respondents shall
not consummate the transaction until twenty days after substantially
complying with such request for additional information. Early
termination of the waiting periods in this paragraph may be requested
and, where appropriate, granted by letter from the Bureau of
Competition.
Provided, however, that prior notification shall not be required by
Paragraphs IV and V of this Order for a transaction for which
notification is required to be made, and has been made, pursuant to
Section 7A of the Clayton Act, 15 U.S.C. Sec. 18a.
VII
It is further ordered that:
A. Within sixty (60) days after the date this Order becomes final,
each Respondent shall file a verified written report with the
Commission setting forth in detail the manner and form in which it has
complied and is complying with this Order; and
B. One (i) year from the date this Order becomes final, annually
for the next nine (9) years on the anniversary of the date this Order
becomes final, and at such other times as the Commission may require,
each Respondent shall file a verified written report with the
Commission setting forth in detail the manner and form in which it has
complied and is complying with this Order. Provided, however, that if
Enron sells all of the Schedule A assets, it will no longer be required
to file any further written reports with the Commission.
VIII
It is further ordered that each Respondent shall notify the
Commission at least thirty (30) days prior to any proposed change in
such Respondent such as dissolution, assignment, sale resulting in the
emergence of a successor corporation, or the creation or dissolution of
subsidiaries or any other change that may affect compliance obligations
arising out of the Order.
IX
It is further ordered that, for the purpose of determining or
securing compliance with this Order, and subject to any legally
recognized privilege, upon written request and on reasonable notice to
such Respondent, each Respondent shall permit any duly authorized
representative of the Commission:
A. Access, during office hours and in the presence of counsel, to
inspect and copy all books, ledgers, accounts, correspondence,
memoranda and other records and documents in the possession or under
the control of such Respondent relating to any matters contained in
this Order; and
B. Without restraint or interference from it, to interview
officers, directors, or employees of such Respondent, who may have
counsel present, relating to any matters contained in this order.
Signed this ________ day of ________________, 19______.
Schedule A
Transwestern System 3--Catesby/Ivanhoe
Beaver County, OK
Ellis County, OK
Assets: All Transwestern-owned facilities located upstream of the
discharge side of the Catesby Compressor unit. Includes approximately
45.5 miles of pipe and the Catesby compressor #745, 422 horsepower.
Material assets are listed in Annex 1 for Transwestern system 3.
Transwestern System 4--Frass Como
Lipscomb County, TX
Beaver County, OK
Assets: All Transwestern-owned facilities located upstream of, but
not including, the side/hot-tap valve that connects the Frass Como
Lateral to the 12 inch Lipscomb-Mocaine Lateral, including the Frass
Como compressor station. Includes approximately 55.1 miles of pipe.
Material assets are listed in Annex 1 for Transwestern system 4.
Transwestern System 5--Follett
Lipscomb County, TX
Assets: All Transwestern-owned facilities located upstream of, but
not including, the side/hot-tap valve that connects the 4 inch Follett
Lateral to the 12 inch Lipscomb-Mocaine Lateral. Includes approximately
8.3 miles of pipe. Material assets are listed in Annex 1 for
Transwestern system 5.
Transwestern System 7--Kiowa Creek
Lipscomb County, TX
Assets: All Transwestern-owned facilities located upstream of, but
not including, the side/hot-tap valve that connects the 6 inch Kiowa
Creek Lateral and the 8 inch Kiowa Creek Loop to the 12 inch Lipscomb-
Mocaine Lateral, including the Kiowa Creek #2 compressor station.
Includes approximately 77 miles of pipe and three compressor units:
Kiowa Creek #2 Compressor #865, 1,078 horsepower; Kiowa Creek #1
Compressor #828, 1,078
[[Page 47379]]
horsepower; and E. Lipscomb Compressor #858, 531 horsepower. Material
assets are listed in Annex 1 for Transwestern system 7.
Transwestern System 8--Wolf Creek
Lipscomb County, TX
Ellis County, OK
Assets: All Transwestern-owned facilities located upstream of, but
not including, the side/hot-tap valve that connects the 6 inch Wolf
Creek Lateral to the 12 inch Lipscomb-Mocaine Lateral. Includes
approximately 45.2 miles of pipe and the Wolf Creek compressors #755
and #853, 1,470 combined horsepower. Material assets are listed in
Annex 1 for Transwestern system 8.
Transwestern System 13--Waka/Perryton
Ochiltree County, TX
Assets: All Transwestern-owned facilities located upstream of and
including the pig receiver for the 8 inch Perryton lateral, located on
the upstream side of and to the NE of the Waka compressor station.
Includes approximately 77.8 miles of pipe and the Perryton Transwestern
compressor #827, 779 horsepower. Material assets are listed in Annex 1
for Transwestern system 13.
Transwestern System 14--Gray rock
Ochiltree County, TX
Lipscomb County, TX
Assets: All Transwestern-owned facilities located upstream of, but
not including, the 6 inch pig launcher on the discharge side of the
Gray Rock compressor station. Includes approximately 43.3 miles of pipe
and the Gray Rock compressor #826, 810 horsepower. Material assets are
listed in Annex 1 for Transwestern system 14.
Transwestern System 20--Brillhart
Hansford County, TX
Assets: All Transwestern-owned facilities located upstream of, but
not including, the side/hot-tap valve that connects the 8 inch
Brillhart Lateral to the 10 inch Cactus-Hugoton Lateral. Includes
approximately 78.5 miles of pipe and two compressors: Brillhart #748,
708 horsepower; and Brillhart #796, 785 horsepower. Material assets are
listed in Annex 1 for Transwestern system 20.
Transwestern System 21--John Creek
Hansford County, TX
Ochiltree County, TX
Hutchinson County, TX
Roberts County, TX
Assets: All Transwestern-owned facilities located upstream of, but
not including, the side/hot-tap valve that connects the 6 inch John
Creek Lateral to the 12 inch Cactus-Hugoton Lateral. Includes
approximately 31 miles of pipe and the John Creek compressor #747, 537
horsepower. Material assets are listed in Annex 1 for Transwestern
system 21.
Northern Natural System 35--Spearman System--North
Hansford County, TX
Assets: The following four sections: (1) Approximately 6.3 miles of
6 inch and 2.0 miles of 4 inch Northern-owned gathering lines, upstream
of where the 6 inch TG385 connects to the 8 inch TG24001 in the
northwest quarter of Section 42, Block 1, Washington County RR Survey.
(2) Approximately 6.5 miles of 4 inch Northern-owned gathering lines,
upstream of the side valve on the 10 inch TG24001 in the northeast
quarter of Section 30, Block 1, Cherokee Iron Furnace CO Survey. (3)
The Buckner A1 wellhead facilities and approximately 3.4 miles of 4
inch Northern-owned gathering lines from the Buckner A1 well in Section
20 to the side valve on the 10 inch TG24001 in Section 27, Block 1,
Cherokee Iron Furnace Co Survey. (4) Approximately 3.5 miles of 8 inch,
3.8 miles of 6 inch, and 10 miles of 4 inch Northern-owned gathering
lines, upstream of where the 6 inch TG247 and the 8 inch TG246 connects
to the 12 inch TG24001 near the East Section Line of Section 7, Block
2, SA&MG RR Survey. Material assets are listed in Annex 2 for Northern
Natural system 35.
Northern Natural System 35--Spearman System--East
Hansford County, TX
Hutchinson County, TX
Roberts County, TX
Assets: The following two sections: (1) The Brainard Lateral
consisting of approximately 1.9 miles of 8 inch, 5.8 miles of 6 inch,
and 19.2 miles of 4 inch Northern-owned gathering lines, upstream of a
side valve where the 8 inch TG335 connects to the 26 inch TG24001 in
Section 8, Block H&GN Survey. (2) The East Leg consisting of
approximately 11.1 miles of 10 inch, 19.5 miles of 8 inch, 19.0 miles
of 6 inch, and 49.6 miles of 4 inch gathering lines, upstream of where
10 inch TG301 connects to the suction of Northern's Spearman Compressor
Station. Material assets are listed in Annex 2 for Northern Natural
system 35.
Northern Natural System 37--Fuller System
Hansford County, TX
Sherman County, TX
Hutchinson County, TX
Assets: The following two sections: (1) The Hansford County No. 1
System consisting of approximately one-half mile of 2 inch, 5 miles of
8 inch, 3 miles of 6 inch, and 11 miles of 4 inch gathering lines,
upstream of the suction of Northern's Hansford County No. 1 compressor
station. (2) The Hutchinson County No. 2 system consisting of
approximately 5 miles of 6 inch and 5 miles of 4 inch gathering lines,
upstream of the suction of Northern's Hutchinson County No. 2
compressor station. Material assets are listed in Annex 2 for Northern
Natural system 37.
Northern Natural System 79--Perryton System
Ochiltree County, TX
Beaver County, OK
Assets: The Northern-owned facilities upstream of the suction of
Northern's Perryton Compressor Station. The facilities consist of
approximately one quarter mile of 2 inch, 89 miles of 4 inch, 58 miles
of 6 inch, 23 miles of 8 inch, 4 miles of 10 inch, and 10 miles of 16
inch gathering lines. Material assets are listed in Annex 2 for
Northern Natural system 79.
Annex 1 to Schedule A
[Transwestern Gathering Company]
--------------------------------------------------------------------------------------------------------------------------------------------------------
Comp. H/ Pipe Pipe Pipe 2 Pipe 2
S Line seg Description WH Comp Line Meter P diameter length diameter length
--------------------------------------------------------------------------------------------------------------------------------------------------------
3..... CA-1............ 4'' SHEPHERD #1/L E MAYER #1 LAT.... ........ X ........ 0 0 6.6 31680. 0.0 0.00
3..... CA-1............ MTR STA SHL MAYER WL1............... X ........ ........ 42800 0 4.5 100. 0.0 0.00
[[Page 47380]]
3..... CA-1............ MTR STA SHL SHEPRD WL1.............. X ........ ........ 42810 0 4.5 100. 0.0 0.00
3..... CA-1-01......... IRWIN #1-20 WL LN................... X ........ ........ 41610 0 4.5 422. 0.0 0.00
3..... CA-1-01......... SHELL-TUBB #1-30 WL LN.............. X ........ ........ 41630 0 4.5 400. 0.0 0.00
3..... CA-1-01......... PEETOOM #1-29 WELL LINE............. X ........ ........ 41660 0 4.5 5280. 0.0 0.00
3..... CA-1-02......... SHELL-OHEARN #1-32 WELL............. X ........ ........ 41620 0 4.5 6864. 0.0 0.00
3..... CA-1-02......... SHELL-WHITE #1-31 WELL.............. X ........ ........ 41640 0 4.5 400. 0.0 0.00
3..... CA-1-03......... WHITE B #1-5 WELL LINE.............. X ........ ........ 42830 0 4.5 14256. 0.0 0.00
3..... CA-1-03......... PHIL-DRAKE #1-6 WEL LN.............. X ........ ........ 42840 0 4.5 106. 0.0 0.00
3..... CA-1-04......... PEARSON #1 4 LN & EQ................ X ........ ........ 41590 0 0.0 0. 0.0 0.00
3..... CA-1-04......... CONN KELLN 11-1..................... X ........ ........ 41750 0 0.0 0. 0.0 0.00
3..... CA-1-04......... SWENN #1 4 LN & EQ.................. X ........ ........ 42870 0 4.5 5808. 0.0 0.00
3..... CA-1-04......... MESA PETROLEUM CO--#1 PIERSALL...... X ........ ........ 43090 0 0.0 0. 0.0 0.00
3..... CA-1-05......... CONN SHELL--#2-31 WHITE............. X ........ ........ 41730 0 4.5 2600. 0.0 0.00
3..... CA-1-05......... CONN CNG-STATE UNIT #1.............. X ........ ........ 43210 0 0.0 0. 0.0 0.00
3..... CA-2............ CONNMEDALLION PETR-WHITE A#1&2...... X ........ ........ 41021 0 0.0 0. 0.0 0.00
3..... CA-2............ STATE #1-36......................... X ........ ........ 41690 0 0.0 0. 0.0 0.00
3..... CA-2............ WHITE A #1-1 WELL LN................ X ........ ........ 42820 0 4.5 53. 0.0 0.00
3..... VH-1............ 12'' IVANHOE & CATESBY LAT.......... ........ ........ X 0 0 12.7 34320. 0.0 0.00
3..... VH-1............ CONNMEWBOURNE OIL #1-24 WYNN........ X ........ ........ 41911 0 0.0 0. 0.0 0.00
3..... VH-1............ TW #745 IVANHOE/CATESBY COMP........ ........ X ........ 0 422 0.0 0. 0.0 0.00
3..... VH-1-01......... BERYL JET #1-14 WL LN............... X ........ ........ 42690 0 4.5 158. 0.0 0.00
3..... VH-1-04......... CONN BURKHART #1-15 BEDELL INOIN FL. X ........ ........ 41910 0 0.0 0. 0.0 0.00
3..... VH-2-01......... CONNMARLIN OIL #1 HALLIBURTON....... X ........ ........ 41740 0 4.5 2050. 0.0 0.00
3..... VH-2-01......... FOX #1 WL LN........................ X ........ ........ 41970 0 0.0 0. 0.0 0.00
3..... VH-2-01......... BOCKELMAN #1-17 WL LN............... X ........ ........ 42760 0 4.5 106. 0.0 0.00
3..... VH-2-02......... MTR STA UNION DYCHE WL.............. X ........ ........ 41020 0 4.5 4852. 0.0 0.00
3..... VH-2-03......... 4'' O'HARE W/KAISER FRANCIS- X ........ ........ 40301 0 0.0 0. 0.0 0.00
REDELSPERGR#1.
3..... VH-2-03......... OHAIR #1-40 TIN WL LN............... X ........ ........ 42770 0 4.5 5280. 0.0 0.00
3..... VH-2/3.......... 10'' CATESBY EXTENSION.............. ........ ........ X 0 0 10.7 44880. 0.0 0.00
3..... VH-3............ MCCLURE #1-13 WELL LINE............. X ........ ........ 41680 0 4.5 400. 0.0 0.00
3..... VH-3-01......... SUE HILL #1......................... X ........ ........ 41700 0 4.5 1750. 0.0 0.00
4..... FC-1............ CONN TEX OKG--#2 PINKARD ``B''...... X ........ ........ 38980 0 0.0 0. 0.0 0.00
4..... FC-1............ FRASS-COMO FLD TW #746.............. ........ X ........ 0 0 0.0 0. 0.0 0.00
4..... FC-1/2.......... 8'' COMO J FRASS FLD LAT............ ........ ........ X 0 0 8.6 52800. 0.0 0.00
4..... FC-2............ DAROVZET SALES MTR STA.............. X ........ ........ 20 0 0.0 0. 0.0 0.00
4..... FC-2-02......... MTR STA HUM-FRASS #B-1.............. X ........ ........ 3651 0 4.5 3980. 0.0 0.00
4..... FC-2-02......... MTR STA HBL-FRASS WL-1.............. X ........ ........ 3653 0 4.5 8220. 0.0 0.00
4..... FC-2-03......... CONN NAT GAS ANADARKO #1-26 DEPEW... X ........ ........ 43340 0 4.5 10500. 0.0 0.00
[[Page 47381]]
4..... FC-3............ 8'' COMO & FRASS FLD LAT............ ........ ........ X 0 0 8.6 25080. 0.0 0.00
4..... FC-3-01......... 4'' HOWARD/MAHAFFEY/MIER/ANDERSON... ........ ........ X 0 0 6.6 13200. 0.0 0.00
4..... FC-3-01......... MTR STA CSO VICKERS WL.............. X ........ ........ 42530 0 4.5 100. 0.0 0.00
4..... FC-3-2.......... PHILLIPS EXCHANGE 3 SIDE VLVS....... X ........ ........ 952 0 0.0 0. 0.0 0.00
4..... FC-5-02......... CONN FALCON-CLENNEY #1.............. X ........ ........ 40390 0 4.5 25. 0.0 0.00
4..... FC-5-02......... CONN FALCON-SCHUSTER #1............. X ........ ........ 40400 0 4.5 20600. 0.0 0.00
4..... FC-5-05......... CONN FALCON-CLENNEY #2.............. X ........ ........ 40430 0 4.5 400. 0.0 0.00
4..... FC-5-07......... CONN NAT GAS ANDRKO #1-2 DICK BVR... X ........ ........ 40460 0 4.5 8037. 2.3 136.00
4..... FC-5-08......... CONNMEWBOURNE #1 BARNES 14 BEAVER... X ........ ........ 40520 0 4.5 2540. 0.0 0.00
5..... FT-1............ LFR B&T-R #1 TO LIP-M............... ........ ........ X 0 0 4.5 29040. 0.0 0.00
5..... FT-1............ CONN SAM REGER #1................... X ........ ........ 36100 0 4.5 100. 0.0 0.00
5..... FT-1-01......... CONN COTTON #1 KRAFT................ X ........ ........ 37800 0 4.5 3600. 0.0 0.00
5..... FT-1-02......... FARM TAP MERLIN LAUBHAM............. X ........ ........ 3110 0 0.0 0. 0.0 0.00
5..... FT-1-02......... FARM TAP-RUSSELL SINER.............. X ........ ........ 3490 0 0.0 0. 0.0 0.00
5..... FT-1-03......... CONN JACK G JONES-#1 MASON.......... X ........ ........ 38030 0 0.0 0. 0.0 0.00
5..... FT-1-03......... CONN COTTON-#1 LAUBHAN.............. X ........ ........ 38480 0 4.5 9800. 0.0 0.00
5..... FT-2-04......... CONN LAUBHAN UNIT A #1.............. X ........ ........ 36220 0 4.5 50 0.0 0.00
7..... EL-1............ 4'' E. LIPSCOMB FLD LAT............. ........ ........ X 0 0 4.5 22176. 4.0 480.00
7..... EL-1............ LINE PARKER 1 4 IN.................. X ........ ........ 35710 0 4.5 272. 0.0 0.00
7..... EL-1............ LINE SHULTZ C-I 4 IN................ X ........ ........ 35790 0 4.5 272. 0.0 0.00
7..... EL-1............ EAST LIPS TW #858................... ........ X ........ 0 500 0.0 0. 0.0 0.0
7..... EL-1-01......... LINE TYSON A-1 4 IN................. X ........ ........ 35680 0 4.5 4646. 0.0 0.0
7..... EL-1-01......... LINE SHULTZ 2-5625 4 IN............. X ........ ........ 35760 0 4.5 4176. 0.0 0.00
7..... EL-1-02......... CONN HUMBLE-1 W M SCHULTZ UNIT...... X ........ ........ 35932 0 4.5 5280. 0.0 0.00
7..... EL-1-02......... CONN 1 SCHULTZ...................... X ........ ........ 35940 0 4.5 2200. 0.0 0.00
7..... KC-1............ 6'' LIBSCOMB F/PIPER #2 LIPSCOMB LAT ........ ........ X 0 0 6.6 13781. 0.0 0.00
7..... KC-1............ LINE PIPER 2 6 IN................... X ........ ........ 35730 0 4.5 272. 0.0 0.00
7..... KC-1............ LINE SHULTZ B-2 6 IN................ X ........ ........ 35740 0 4.5 272. 0.0 0.0
7..... KC-1............ KIOWA CREEK #1 TW #828.............. ........ X ........ 0 1100 0.0 0. 0.0 0.00
7..... KC-1-02......... 4'' LIPSCOMB F/YAUCK/DUKE/SHULTZ B.. ........ ........ X 0 0 4.5 12619. 0.0 0.00
7..... KC-1-02-01...... NATOMAS #1 YAUCK TW #855............ ........ X ........ 0 42 0.0 0. 0.0 0.00
7..... KC-1-03......... CONN SCRATH OIL-PIPER #689.......... X ........ ........ 9750 0 0.0 0. 0.0 0.00
7..... KC-1-03......... CONN SCARTH PETR-#601-1 PIPER....... X ........ ........ 38360 0 4.5 300. 0.0 0.00
7..... KC-1-03......... CONN SCARTH-PIPER 600-1............. X ........ ........ 38400 0 0.0 0. 0.0 0.00
7..... KC-1-03......... CONN SCARTH-PIPER 601-2............. X ........ ........ 38410 0 0.0 0. 0.0 0.00
7..... KC-1-03......... CONNMAY PETRO PIPER RNCH #1 ZIPSCO.. X ........ ........ 55120 0 0.0 0. 0.0 0.00
7..... KC-1-05......... MTR RUN-NEWBORURNE-SCHULTZ #1....... X ........ ........ 38160 0 2.3 30. 0.0 0.00
[[Page 47382]]
7..... KC-1-06......... CONN NAT GAS-ANADARKO #1-544 OWENS.. X ........ ........ 38890 0 4.5 2600. 0.0 0.00
7..... KC-1-06......... CONN EXXON-#7 OLA O PIPER........... X ........ ........ 38900 0 4.5 6000. 0.0 0.00
7..... KC-1-07......... CONNMAY PET-WM SCHULTZ #1........... X ........ ........ 55130 0 0.0 0. 0.0 0.00
7..... KC-1-08......... CONNMEWBOURNE #1 DUCE ``781''....... X ........ ........ 55230 0 4.5 2882. 2.3 83.00
7..... KC-1-08......... CONN MEWBOURNE #1 SCHULTZ ``761''... X ........ ........ 55240 0 4.5 873. 2.3 152.00
7..... KC-1/2/3........ 6'' KIOWA CREEK LAT................. ........ ........ X 0 0 6.6 66264. 0.0 0.00
7..... KC-1/2/3 / KC-3- EXT KIOWA CREEK T/LEAR PET 6'' LINE. ........ ........ X 0 0 6.6 27262. 6.6 151.00
5/6.
7..... KC-2............ CONN OLA #1......................... X ........ ........ 36384 0 6.0 1750. 0.0 0.00
7..... KC-2............ KIOWA CREEK STA#2-TW #865........... ........ X ........ 0 1050 0.0 0. 0.0 0.00
7..... KC-2-01......... MTR STA APAH LAURE WL1.............. X ........ ........ 36340 0 4.5 13200. 0.0 0.00
7..... KC-2-03......... CON BRADFORD FD CSG HD.............. X ........ ........ 36320 0 4.5 106. 0.0 0.00
7..... KC-2-03......... PURDOM #1 4LN & EQ.................. X ........ ........ 37190 0 4.5 422. 0.0 0.00
7..... KC-2-03......... CONN FALCON-PURDOM UNIT #1.......... X ........ ........ 38340 0 0.0 0. 0.0 0.00
7..... KC-2-04......... CONN COTTON PETR-1-A-PIPER.......... X ........ ........ 36720 0 4.0 1000. 0.0 0.00
7..... KC-2-206........ CONN COTTON PETR-1 BRADFORD ``B''... ........ ........ x 0 0 4.5 3100. 0.0 0.00
7..... KC-2-06......... CON UNAPACHE-BRADFOD #1............. X ........ ........ 36300 0 6.6 10560. 0.0 0.00
7..... KC-2-06......... CONN DIAMOND-#3 688 OLA 0 PIPER..... X ........ ........ 37741 0 4.5 4500 0.0 0.00
7..... KC-2-06......... CON COTTON-BRADFORD #2.............. X ........ ........ 38320 0 0.0 0. 0.0 0.00
7..... KC-2-07......... PAN PET HLTON #1 WL LN.............. X ........ ........ 36830 0 4.5 3000. 0.0 0.00
7..... KC-2-07......... CONN COTTON PETR-1 FAIR............. X ........ ........ 36880 0 4.5 4400. 0.0 0.00
7..... KC-2-10......... CON APACHE BRADFORD #3.............. X ........ ........ 33652 0 0.0 0. 0.0 0.00
7..... KC-2-10......... CONN COTTON-#4 OLA PIPER............ X ........ ........ 37720 0 0.0 0. 0.0 0.00
7..... KC-2-10......... CONNMEWBOURNE-BRADFORD #1........... X ........ ........ 38690 0 0.0 0. 0.0 0.00
7..... KC-2-12......... CONN COTTON #2 PIPER A.............. X ........ ........ 37790 0 4.5 900 0.0 0.00
7..... KC-2-13......... CONN COTTON PETROLEUM-1 PIPER....... X ........ ........ 36710 0 4.0 400. 0.0 0.00
7..... KC-2-13......... CONN COTTON PETR-1 PIPER ``B''...... X ........ ........ 36730 0 4.5 2900. 0.0 0.00
7..... KC-2-14......... CONNMEWBOURNE #2 BRADFORD........... X ........ ........ 36650 0 4.5 640. 0.0 0.00
7..... KC-3............ 6'' KIOWA CREEK LATERAL............. ........ ........ X 0 0 6.6 5500. 0.0 0.00
7..... KC-3............ CONN ARCO-#2 FRED LOESCH............ X ........ ........ 38700 0 4.5 900. 0.0 0.00
7..... KC-3-02......... CONN MEDALLION #1................... ........ ........ X 0 0 4.5 15840 0.0 0.00
7..... KC-3-02......... CONN SINCLAIR-LOESCH #1............. X ........ ........ 36032 0 4.5 1684. 0.0 0.00
7..... KC-3-02......... CONN FULTON SELL #4................. X ........ ........ 38886 0 0.0 0. 0.0 0.00
7..... KC-3-07......... CONN DIAMOND-OLA PIPER 1-691........ ........ ........ X 0 0 6.6 4300. 0.0 0.00
7..... KC-3-07......... CONN ARCO-#1 MARGARET L DIXON....... X ........ ........ 38810 0 4.5 600. 0.0 0.00
7..... KC-3-08......... CONN ARCO-# HALBROOK DAILY WELL..... X ........ ........ 38740 0 4.5 11000. 0.0 0.00
7..... KC-3-09......... CONN ARCO-#1PAINE BROS CO........... X ........ ........ 38871 0 4.5 6400. 0.0 0.00
[[Page 47383]]
7..... KC-3-10......... CONN ARCO-#1 FULTON-SELL............ X ........ ........ 388222 0 4.5 1500. 0.0 0.00
7..... KC-3-10......... CONN FULTON SELL #3................. X ........ ........ 38885 0 0.0 0. 0.0 0.00
7..... KC-3-11......... CONN AMOCO-#2 LILLIE M PETERSON..... X ........ ........ 33680 0 4.5 2000. 0.0 0.00
7..... KC-3-15......... CONN ARCD-SORENSON DIXON CENT POINT. X ........ X 55210 0 4.0 880. 0.0 0.00
7..... KC-3A........... 6'' KIOWA CREEK LAT................. ........ ........ X 0 0 2.3 280. 0.0 0.00
8..... SG-1............ TAP TO INTERNORTH MEIER #1 LIPSC.... X ........ ........ 16200 0 0.0 0. 0.0 0.00
8..... SG-1............ CONN JERNIGAN-BATTIN #1............. X ........ ........ 38280 0 0.0 0. 0.0 0.00
8..... SG-1-01......... CONN FILON EXPL--#1 FRITZ........... X ........ ........ 41340 0 4.5 5500. 0.0 0.00
8..... SG-1/2.......... 4'' W A MEIER #1& ANNA RUF #1 WELLS, ........ ........ X 0 0 4.5 21120. 0.0 0.00
TX.
8..... SG-2............ 4'' LAT TO W A MEIER #1 & ANNA RUF ........ ........ X 0 0 4.5 26400. 0.0 0.00
#1 WEL.
8..... WC-1............ PRICE 2 WOLF CK 4 IN................ X ........ 35660 0 0 4.5 272. 0.0 0.00
8..... WC-1............ WOLF CREEK TW #755 & 853............ ........ X ........ 0 1470 0.0 0. 0.0 0.00
8..... WC-1-01......... PRICE IB WOLF CK 4 IN............... X ........ ........ 35650 0 4.5 2635. 0.0 0.00
8..... WC-1-02......... CONN EXXON--#4 WILLIS D PRICE ''B''. X ........ ........ 38310 0 4.5 1800. 0.0 0.00
8..... WC-1-02......... CONN EXXON--#5 WILLIS D PRICE....... X ........ ........ 38440 0 4.5 200. 0.0 0.00
8..... WC-1/2/3........ 6'' WOLF CREEK LAT.................. ........ ........ X 0 0 6.6 79147. 0.0 0.00
8..... WC-2............ FARM TAP--MARY & ROBERT SQUIRES..... X ........ ........ 3460 0 0.0 0. 0.0 0.00
8..... WC-2............ R DOYLE 1-WOLF CK 415............... X ........ ........ 35630 0 4.5 272. 0.0 0.00
8..... WC-2............ PRICE I WOLF CK 4 IN................ X ........ ........ 35640 0 4.5 272. 0.0 0.00
8..... WC-2............ J DOYLE I-WOLF CK 4 IN.............. X ........ ........ 35770 0 0.0 0. 0.0 0.00
8..... WC-2............ CONNMEWBOURNE OIL CO--SQUIRE #3..... X ........ ........ 55540 0 4.5 2550. 0.0 0.00
8..... WC-2-01......... CONN HUMBLE-1 TYSON................. X ........ ........ 35970 0 4.5 6200. 0.0 0.00
8..... WC-2-02......... CONNMEWBOURNE #1 PRICE.............. X ........ ........ 38630 0 4.5 3500. 0.0 0.00
8..... WC-2-03......... CONN HUMBLE-W D PRICE #4............ X ........ ........ 35851 0 0.0 0. 0.0 0.00
8..... WC-3............ BROWN I-WOLF CRK 4 IN............... X ........ ........ 40200 0 4.5 272. 0.0 0.00
8..... WC-3-01......... CONN FILON-THORNTION TRUST #1....... X ........ ........ 40260 0 4.5 165. 0.0 0.00
8..... WC-3-02......... CONNMAPCO-LOIS BROWN #2-27.......... X ........ ........ 41460 0 0.0 0. 0.0 0.00
8..... WC-3-02......... CONNMAPCO-BROWN 1-26................ X ........ ........ 41470 0 0.0 0. 0.0 0.00
8..... WC-3-02......... CONNMAPCO-PIERCE #1-28.............. X ........ ........ 41480 0 0.0 0. 0.0 0.00
8..... WC-3-03......... SHERRILL OU 1#1 WL LN............... X ........ ........ 40250 0 4.5 6300. 0.0 0.00
8..... WC-3-05......... CONN BUNKER-WAYLAND #1-5............ X ........ ........ 40290 0 0.0 0. 0.0 0.00
8..... WC-3-06......... CONN 4'' JORDAN CENT DELIV PT #1.... ........ ........ X 0 0 0.0 0. 0.0 0.00
8..... WC-3-06......... CONNECT JORDAN O&G #1 CENTRAL DEL PT X ........ ........ 41510 0 4.5 20803. 0.0 0.00
8..... WC-3-07......... SHATTUCK OU-1 #3 WL LN.............. X ........ ........ 41520 0 4.5 4281. 0.0 0.00
8..... WC-4............ GIBBS #1-19 WELL LINE............... X ........ ........ 40230 0 4.5 9240. 0.0 0.00
[[Page 47384]]
13.... NP-1............ 6'' F/HAN #1, WITT #1, KERSHAW #1... ........ ........ X 0 0 6.6 29515 0.0 0.00
13.... NP-1-01......... INST TAP HOT-NEUFELD #1............. X ........ ........ 36430 0 0.0 0. 0.0 0.00
13.... NP-1-02......... CONN GARY GEORGE #1................. X ........ ........ 38965 0 0.0 0. 0.0 0.00
13.... NP-1-02......... CONN ANADARKO MARIE #1-62 WLDCT..... X ........ ........ 52190 0 0.0 0. 0.0 0.00
13.... NP-2............ MTR STA SH KERSHAW WL1.............. X ........ ........ 37000 0 4.5 18880. 0.0 0.00
13.... NP-2............ CONN MEWBOURNE SCHWULK #1........... X ........ ........ 53260 0 0.0 0. 0.0 0.00
13.... NP-2-02......... HAROLD D COURSON--#1-43 WAGGONER.... X ........ ........ 38130 0 4.5 20. 0.0 0.00
13.... NP-2-03......... CONN FALCON-WAGGONER #1-43.......... X ........ ........ 38080 0 4.5 1300. 0.0 0.00
13.... NP-2-03......... CONN FALCON-WAGGONER #1-43.......... X ........ ........ 38130 0 4.5 9600. 0.0 0.00
13.... NP-2-04......... CONN COURSON #1-42 MCGARROUGH....... X ........ ........ 38540 0 4.5 2200. 0.0 0.00
13.... NP-3............ CONN PHILCON--1 MAXWELL............. X ........ ........ 36940 0 4.5 15312. 0.0 0.00
13.... PE-1............ PSHIGODO I-PP LAT 4 IN.............. X ........ ........ 34910 0 4.5 272. 0.0 0.00
13.... PE-1-02......... CONN ANADARDO #1-661 DUDLEY......... X ........ ........ 38620 0 4.5 600. 0.0 0.00
13.... PE-1-03......... PHL-MC WLIB-8 PERY LAT.............. X ........ ........ 34900 0 4.5 2900. 0.0 0.00
13.... PE-1-03......... CONN COURSON OIL AND GAS #4-571 1ST. X ........ ........ 34911 0 0.0 0. 0.0 0.00
13.... PE-1-03......... CONN #1-571 1ST NATL TRUST-ACCT REC. X ........ ........ 38460 0 4.5 4400. 0.0 0.00
13.... PE-1-04......... LN FR RIDGMOR TO PSH L.............. X ........ ........ 34930 0 4.5 15840. 0.0 0.00
13.... PE-1-05......... CONN COURSON--#2-571 1ST NATL TRUST. X ........ ........ 38551 0 4.5 1600. 0.0 0.00
13.... PE-1-06......... CONN NAT GAS ANADARDO #1-64 CAMP.... X ........ ........ 38962 0 4.5 5400. 0.0 0.00
13.... PE-1-06......... CONN SANTA FE ENRGY #2-49 WFL AR.... X ........ ........ 52110 0 4.5 6172. 4.5 69.00
13.... PE-1-06......... CONN NAT GAS ANADARKO 1-46 RICHARDSN X ........ ........ 52150 0 4.0 7300. 0.0 0.00
13.... PE-1/2/3........ 6'' & 8'' N. PARRYTON ALT........... ........ ........ X 0 0 8.6 72072. 0.0 0.00
13.... PE-2............ LAND-EXCHANGE NN DUDE WILSON........ X ........ ........ 9170 6.6 0 650. 0.0 0.00
13.... PE-2............ HUM-PER WL 1-8 PERY LAT............. X ........ ........ 34610 0 4.5 272. 0.0 0.00
13.... PE-2............ HUM PER WL1-8 PERY LAT.............. X ........ ........ 34811 0 4.5 272. 0.0 0.00
13.... PE-2............ PERRYTON TW #827.................... ........ X ........ 0 785 0.0 0. 0.0 0.00
13.... PE-2-01......... WC HERNDON C #1 WL LN............... X ........ ........ 34750 0 4.5 264. 0.0 0.00
13.... PE-2-01......... W C HERNDON 1 U L WL LN............. X ........ ........ 37910 0 6.6 475. 0.0 0.00
13.... PE-2-01......... CONN HERNDON #1..................... X ........ ........ 37970 0 4.5 2650. 0.0 0.00
13.... PE-2-02......... 4'' F/DUDE WILSON GW5 #1 & WG4 #1... ........ ........ X 0 0 4.5 13200. 0.0 0.00
13.... PE-2-02......... JONES #2-750 WELL LINE.............. X ........ ........ 34740 0 4.5 317. 0.0 0.00
13.... PE-2-02......... JONE #1-750 WL LN................... X ........ ........ 34770 0 4.5 400. 0.0 0.00
13.... PE-2-03......... MTR STA HUM-D W WE GU4.............. X ........ ........ 34830 0 4.5 100. 0.0 0.00
13.... PE-2-03......... DUDE WILSON GU-4 #2 WL.............. X ........ ........ 37930 0 4.5 211. 0.0 0.00
13.... PE-2-04......... BRUHLMAN #1-17 WL LN................ X ........ ........ 34870 0 4.5 4752. 0.0 0.00
[[Page 47385]]
13.... PE-2-04......... CONN HORIZON #2-17 BRUHLMAN......... X ........ ........ 52080 0 4.5 3389. 2.3 98.00
13.... PE-2-05......... PSHIGODA B #1 4LN & EQ.............. ........ ........ X 0 0 4.5 15790. 0.0 0.00
13.... PE-2-05......... CONN EXXON CORP DUDE WILSON GU 7-3.. X ........ ........ 34711 0 0.0 ....... 0.0 0.00
13.... PE-2-05......... CONN EXXON CORP DUDE WILSON GU 5-4.. X ........ ........ 34731 0 0.0 0. 0.0 0.00
13.... PE-2-05......... CONN HD WILSON GU7 #7............... X ........ ........ 34950 0 4.5 53. 0.0 0.00
13.... PE-2-07......... 4'' LN ROGERS #3-DUDE WILSON GSG LAT X ........ X 0 0 6.6 10666. 0.0 0.00
13.... PE-2-07......... CONN EXXON-#2 DUDE WILSON UNIT #2... X ........ ........ 33080 0 4.5 800. 0.0 0.00
13.... PE-2-07......... D WLSN GU WL 2-DW LAT............... X ........ ........ 34800 0 4.5 272. 0.0 0.00
13.... PE-2-07......... ROGERS I-PP LAT 4 IN................ X ........ ........ 34820 0 4.5 4277. 0.0 0.00
13.... PE-2-07......... MTR STA HBL ROGERS WL 3............. X ........ ........ 34860 0 4.5 400. 0.0 0.00
13.... PE-2-09......... HBL D WILSON 5-Z WL LN.............. X ........ ........ 34791 0 4.5 400. 0.0 0.00
13.... PE-2-10......... CONN EXXON-DUDE WILSON #6........... X ........ ........ 38720 0 4.5 3000. 0.0 0.00
13.... PE-2-10......... CONN EXXON--#2 DUDE WILSON UNIT #7.. X ........ ........ 38760 0 4.5 600. 0.0 0.00
13.... PE-2-10......... CONN H&L OPER--#2 PSHIGODA.......... X ........ ........ 38850 0 4.5 1200. 0.0 0.00
13.... PE-2-11......... CONN EXXON-DUDE WILSON GAS UNIT 5-3. X ........ ........ 33460 0 4.5 1340. 0.0 0.00
13.... PE-2-12......... CONN EXXON--#2 DUDE WILSON UNIT #1.. X ........ ........ 38800 0 4.5 900. 0.0 0.00
13.... PE-2-13......... CONN EXXON--#3 DUDE WILSON UNIT #4.. X ........ ........ 38860 0 4.5 2135. 0.0 0.00
13.... PE-2-14......... CONN EXXON--#5 HELEN ROGERS......... X ........ ........ 33070 0 4.5 2400. 0.0 0.00
13.... PE-2-14......... DODSON #1-834 WL LN................. X ........ ........ 34890 0 0.0 0. 0.0 0.00
13.... PE-2-16......... CONN SAMSON RESOURCES DODSON #3 OCH. X ........ ........ 52121 0 4.5 738. 2.3 360.00
13.... PE-2-17......... W C HERNDON B #1-L WL LN............ X ........ ........ 37900 0 4.5 5808. 0.0 0.00
13.... PE-2-17......... CONN COURSON #2-662 HERNDON OCHL.... X ........ ........ 52160 0 0.0 0. 0.0 0.00
13.... PE-2-18......... CONN COURSON #1-747 ELDEN WAKA PRT.. X ........ ........ 52181 0 4.5 600. 0.0 0.00
13.... SH-1............ CON PITMAN-SWINK WL #1.............. X ........ ........ 34700 0 4.5 100. 0.0 0.00
13.... SH-1-03......... SCHNEIDER #1-93 WL LN............... X ........ ........ 36410 0 4.5 24816. 0.0 0.00
13.... SH-\1/2\........ 6'' SHARE-WEST PERRYTON LAT......... ........ ........ X 0 0 6.6 66000. 0.0 0.00
13.... SH-2-02......... MTR STA RDG GREGG WL 1.............. X ........ ........ 34530 0 4.5 2640. 0.0 0.00
13.... SH-2-02......... TEVIS #1-20 WL LN................... X ........ ........ 36420 0 4.5 15312. 0.0 0.00
13.... SH-2-02......... CONNER #1-36 WL LN.................. X ........ ........ 36750 0 4.5 370. 0.0 0.00
13.... ER-2-03......... SMITH #1-30 WELL LN................. X ........ ........ 34540 0 4.5 6864. 0.0 0.00
14.... ER-\1/2\........ 6'' ELLIS RANCH FLD LAT............. ........ ........ X 0 0 6.6 52800. 0.0 0.00
14.... ER-3............ 6'' ELLIS RANCH FLD LAT............. ........ ........ X 0 0 6.6 31680. 0. 0.00
14.... ER-3-01......... MTR STA H KAY NELL W#1.............. X ........ ........ 34640 0 4.5 10560. 0.0 0.00
[[Page 47386]]
14.... ER-3-01......... CONN AMOCO--#2 KAYNELL-HAMKER TRUSTA X ........ ........ 38710 0 0.0 0. 0.0 0.00
14.... ER-3-02......... ARTHUR MORGAN #1 WL LN.............. X ........ ........ 34660 0 4.5 19008. 0.0 0.00
14.... ER-3-03......... MORRIS C-1 4 LN & EQ................ X ........ ........ 34940 0 4.5 370. 0.0 0.00
14.... ER-3-04......... CONNMEWBOURNE--#1 MORRIS............ X ........ ........ 38610 0 4.5 6400. 0.0 0.00
14.... ER-3M........... 4'' MITCHELL #1 & #A-1 LAT.......... ........ ........ X 0 0 4.5 4224. 0.0 0.00
14.... ER-3M1.......... 4'' MITCHELL #1 & #A-1 LAT.......... ........ ........ X 0 0 4.5 10560. 0.0 0.00
14.... GR-1............ PERRY A #1-730 WL LN................ X ........ ........ 36490 0 6.6 45408. 0.0 0.00
14.... GR-1-01......... CONN ANDARKO #1-58 SELL NORTHRUP.... X ........ ........ 55360 0 0.0 0. 0.0 0.00
14.... GR-1-01......... WHEAT #1-678 WL LN.................. X ........ ........ 37130 0 4.5 53. 0.0 0.00
14.... GR-1-01......... SHELL-WHEAT #1-732 WL LN............ X ........ ........ 37150 0 6.6 7920. 0.0 0.00
14.... GR-1-01......... CONNMEWBOURNE--PERRY #2............. X ........ ........ 38680 0 0.0 0. 0.0 0.00
14.... GR-1-02......... CONN DICK BARTON #1................. X ........ ........ 37260 0 6.6 7920. 0.0 0.00
14.... GR-1-03......... CONN APACHE-MILES UNIT #1........... X ........ ........ 34484 0 4.5 1600. 0.0 0.00
14.... GR-1-03......... CONN APACHE HARRY L KING #1......... X ........ ........ 36470 0 6.6 21120. 0.0 0.00
14.... GR-1-03......... CONN MOUNTAIN FRONT VARIOUS WELLS... X ........ ........ 36471 0 0.0 0. 0.0 0.00
14.... GR-1-04......... CONN TED WEINER-MRS Z D GUY-1....... X ........ ........ 37400 0 4.5 1700. 0.0 0.00
14.... GR-1-07......... CONNMEWBOURNE--#1 PERRY............. X ........ ........ 38600 0 4.5 2100. 0.0 0.00
14.... GR-1-09......... CONN TARPON OIL-H PEERY #2.......... X ........ ........ 36480 0 6.6 7392. 0.0 0.00
14.... GR-2............ GRAY ROCK TW #826................... ........ X ........ 0 785 0.0 0. 0.0 0.00
14.... KC-3-02......... MTR STA FAL SEA-HAN #1.............. X ........ ........ 36060 0 4.5 7920. 4.5 100.00
14.... KC-3-03......... LANDERS #1 WL LN.................... X ........ ........ 37162 0 4.5 6864. 0.0 0.00
14.... KC-3-12......... CONN COURSON OIL #2-855 LANDERS..... X ........ ........ 55101 0 4.5 2520. 0.0 0.00
20.... BH-1/2/3/4/5.... 8'' HANSFORD LAT.................... ........ ........ X 0 0 8.6 63360. 0.0 0.00
20.... BH-2............ BRILLHART TW #748 & 796............. ........ X ........ 0 1493 0.0 0. 0.0 0.00
20.... BH-2-01......... LAT 4 GANDY & GLOVER TO BRILLHART... ........ ........ X 0 0 4.0 10800. 0.0 0.00
20.... BH-2-01......... GO-GAND WL LN-BRLHT LT.............. X ........ ........ 33930 0 4.5 21120. 4.5 100.00
20.... BH-2-03......... FARM TAP--GEORGE C. COLLARD......... X ........ ........ 352 0 0.0 0. 0.0 0.00
20.... BH-2-04......... CONN GULF-LOWE-1.................... X ........ ........ 33440 0 4.0 6000. 0.0 0.00
20.... BH-2-04......... CONN BILLINGSLEY #1................. X ........ ........ 33840 0 0.0 0. 0.0 0.00
20.... BH-2-05......... HORIZON-LOWE #1 WL LN............... X ........ ........ 33960 0 4.5 5808. 0.0 0.00
20.... BH-2-05......... BALLARD #1-123 WL LN................ X ........ ........ 33990 0 4.5 5808. 0.0 0.00
20.... BH-2-06......... CONN BROCK EXPL CORP #1 ANDERSON.... X ........ ........ 33411 0 0.0 0. 0.0 0.00
20.... BH-2-06......... MTR STA HOR OG COP WL 1............. X ........ ........ 33970 0 4.5 7920. 0.0 0.00
20.... BH-2-07......... CONN GULF-RHODA HART--1............. X ........ ........ 33400 0 8.0 5280. 0.0 0.00
20.... BH-3............ CONN UNIT DRILL & EXPL NO 1 BECK.... X ........ ........ 33090 0 4.5 120. 0.0 0.00
20.... BH-3-01......... FUR-MUR WL LN-BRLHT LT.............. ........ ........ X 0 0 4.5 15240. 0.0 0.00
20.... BH-3-01......... CONN MARY #2........................ X ........ ........ 33982 0 2.0 60. 0.0 0.00
20.... BH-3-03......... CONNMEWBOURNE-HIGGS #1.............. X ........ ........ 33160 0 0.0 0. 0.0 0.00
20.... BH-3/4.......... 8'' BERNSTEIN LAT................... ........ ........ X 0 0 8.0 52800. 0.0 0.00
20.... BH-4............ 8'' BRILLHART LAT................... ........ ........ X 0 0 8.6 36960. 0.0 0.00
[[Page 47387]]
20.... BH-4-01......... FARM TAP-PAT PATTERSON/ROBERT H. X ........ ........ 401 0 0.0 0. 0.0 0.00
ARCHER.
20.... BH-4-01......... GO-STL WL LN-BRLHT LAT.............. X ........ ........ 33870 0 4.5 15840 0.0 0.00
20.... BH-5-03......... CONNMARLIN OIL #1 SUE............... X ........ ........ 53250 0 0.0 0. 0.0 0.00
20.... BH-5-04......... CONN HORIZON TX BRILHRT 1-6 HNGFRD.. X ........ ........ 53230 0 4.0 3000. 0.0 0.00
21.... JC-1............ CONN BARBOUR ENERGY CORP. #1 JARVIS. X ........ ........ 33110 0 0.0 0. 0.0 0.00
21.... JC-1............ JOHN CREEK TW #747.................. ........ X ........ 0 708 0.0 0. 0.0 0.00
21.... JC-1/2.......... 6'' JOHN CREEK LAT.................. ........ ........ X 0 0 6.6 4382. 0.0 0.00
21.... JC-2............ JOHN CREEK CROSSOVER................ X ........ ........ 9238 0 0.0 0. 0.0 0.00
21.... JC-2............ MTR STA SUN O-MIN K #1.............. X ........ ........ 33700 0 4.5 4752. 0.0 0.00
21.... JC-2............ MTR STA GLE MATT WLI A.............. X ........ ........ 33941 0 6.6 18480. 4.5 100.00
21.... JC-2-01......... 4'' LAT F/JACKSON #1 & K L WEST #1.. ........ ........ X 0 0 4.5 13200. 0.0 0.00
21.... JC-2-01......... ARCHER #1-72 WELL LINE.............. X ........ ........ 33730 0 4.5 317. 0.0 0.00
21.... JC-2-02......... PAN AM-BRAINARD #1 LN............... X ........ ........ 33780 0 4.5 5280. 0.0 0.00
21.... JC-2-02......... MATHEWS #1 4LN & EQ................. X ........ ........ 38000 0 4.5 6336. 0.0 0.00
21.... JC-2-2.......... MATHEWS #1-80 WL LN................. X ........ ........ 35052 0 4.5 264. 0.0 0.00
21.... JC-3............ CLEMENT #1-14 WL LN................. X ........ ........ 33980 0 4.5 28512. 0.0 0.00
21.... JC-3............ CONN HORIZON #1 CONVERSE A OCHLTR... X ........ ........ 53240 0 0.0 0. 0.0 0.00
21.... JC-3-01......... PAN AM-BECK B #1 LN................. X ........ ........ 35061 0 4.5 264. 0.0 0.00
21.... LP-1-01......... FLOWERS #1-5 5 WL LN................ X ........ ........ 35041 0 4.5 158. 0.0 0.00
21.... LP-1-02......... CONN #2 REED........................ X ........ ........ 33650 0 4.5 4900. 0.0 0.00
21.... LP-1-02......... CONN ELEANOR REED WELL #1........... X ........ ........ 35071 0 4.5 264. 0.0 0.00
21.... LP-1-04......... CONN AMOCO PRO #2 WB MCINTIRE ``A''. X ........ ........ 52240 0 4.5 1800. 0.0 0.00
--------------------------------------------------------------------------------------------------------------------------------------------------------
Annex 2 to Schedule A
----------------------------------------------------------------------------------------------------------------
Acct Location
Res sys Fn State sys Loc description Area Line No. Map ref
----------------------------------------------------------------------------------------------------------------
SPEARMAN
35........ GP....... TX......... 75 30101 LIPS AS WELL A.......... TG 30101....... T-2.
GATH/TEXAS.
35........ GP....... TX......... 75 30301 JOHNSON #1 A.......... TG 30301....... T-2.
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 30401 STATEX A.......... TG 30401....... T-2.
NITSCHKE #1
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 31001 BULTMAN #1 A.......... TG 31001....... T-2.
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 32101 LIPS B1 WELLO A.......... TG 32101....... T-2.
GATH/TEXAS.
35........ GP....... TX......... 75 33201 KNOX PIPKIN #1- A.......... TG 33201....... T-2.
28 WELL GATH/
TEXAS.
35........ GP....... TX......... 75 38601 KILEBREW WELL A.......... TG 38601....... T-2.
GATH/TEXAS.
35........ GP....... TX......... 75 43801 FLOWERS #1 A.......... TG 43801....... T-2.
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 48001 SPEARMAN 16IN A.......... TG 48001....... T-2.
SUCTION GATH/
TEXAS.
35........ GP....... TX......... 75 53601 FLOWERS #1/ A.......... TG 53601....... T-2.
FLOWERS #1 TIE-
IN.
35........ GP....... TX......... 75 61401 LIPS RANCH A.......... TG 61401....... T-2.
GATH/TEXAS.
35........ GP....... TX......... 75 72301 ROBERTS COUNTY A.......... TG 72301....... T-2.
#1 SUCTION
LINE/TX.
35........ GP....... TX......... 75 73501 ROBERTS CO #1 A.......... TG 73501....... T-2.
LINE/TEXAS.
35........ GP....... TX......... 75 81191 HODGES #1-39 A.......... TG 81191....... T-2.
WEKK GATHERING/
TEXAS.
35........ GP....... TX......... 75 86901 LIPS RANCH A.......... TG 86901....... T-2.
LATERAL.
35........ GP....... TX......... 75 87001 LIPS RANCH TIE- A.......... TG 87001....... T-2.
OVER LINE.
35........ GP....... TX......... 75 24001 NORTH OF A.......... TG24001........ T-3.
SPEARMAN GATH/
TEXAS.
35........ GP....... TX......... 75 24601 MCCARTY A1 A.......... TG 24601....... T-3.
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 24701 VERNON A1 WELL A.......... TG 24701....... T-3.
GATH/TEXAS.
35........ GP....... TX......... 75 31601 KIRK #1 WELL A.......... TG 31601....... T-3.
GATH/TEXAS.
35........ GP....... TX......... 75 32801 JACKSON A#1 UT/ A.......... TG 32801....... T-3.
LT WELL GATH
LINE/TX.
[[Page 47388]]
35........ GP....... TX......... 75 32901 WILMETH WELL A.......... TG 32901....... T-3.
GATH/TEXAS.
35........ GP....... TX......... 75 33501 ODC #1-44 WELL A.......... TG 33501....... T-3.
GATH/TEXAS.
35........ GP....... TX......... 75 34701 REX #1 WELL A.......... TG 34701....... T-3.
GATH/TEXAS.
35........ GP....... TX......... 75 35001 YANDA ET AL A.......... TG 35001....... T-3.
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 35101 KENNY WELL A.......... TG 35101....... T-3.
GATH/TEXAS.
35........ GP....... TX......... 75 38501 CLEMENTINE-LEE A.......... TG 38501....... T-3.
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 38801 JACKSON #1LT/ A.......... TG 38801....... T-3.
BEULAH #1 TIE-
IN GATH.
35........ GP....... TX......... 75 38901 BRAINARD #3 A.......... TG 38901....... T-3.
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 40601 MCINTIRE #1-LT A.......... TG 40601....... T-3.
AND UT WELL
GATH/TEXAS.
35........ GP....... TX......... 75 41201 BEULAH #1 WELL A.......... TG 41201....... T-3.
GATH/TEXAS.
35........ GP....... TX......... 75 46101 MATHEWS #2 A.......... TG 46101....... T-3.
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 60801 COOKE #1C WELL A.......... TG 60801....... T-3.
GATH/TEXAS.
35........ GP....... TX......... 75 64201 CROWE 7-58 A.......... TG 64201....... T-3.
WELL GATH/
TEXAS.
35........ GP....... TX......... 75 86801 BRACKEN ENERGY- A.......... TG 86801....... T-3.
ETLING #1-8.
FULLER
37........ GP....... TX......... 55 53401 FISHER #1 WELL A.......... TG 53401....... T-3.
GATH/TEXAS.
37........ GP....... TX......... 55 53701 R WAMBLE #1... A.......... TG 53701....... T-3.
37........ GP....... TX......... 55 53801 PEARL #1...... A.......... TG 53801....... T-3.
37........ GP....... TX......... 55 53901 BOARD #1 WELL A.......... TG 53901....... T-3.
GATH/TEXAS.
37........ GP....... TX......... 55 59201 GENE CLUCK #1 A.......... TG 59201....... T-3
WELL GATHERING
LINE/T.
PERRYTON
79........ GP....... OK......... 44 16701 GEORGE MOUNTS A.......... OG 16701....... O-13.
WELL GATH/
OKLAHOMA.
79........ GP....... OK......... 44 17801 SIMS #1 A.......... OG 17801....... O-13.
LATERAL GATH/
OKLAHOMA.
79........ GP....... OK......... 44 24001 WILSON #1 GATH/ A.......... OG 24001....... O-13.
OKLAHOMA.
79........ GP....... OK......... 44 27301 PALMER #1 WELL A.......... OG 27301....... O-13.
GATH/OKLAHOMA.
79........ GP....... OK......... 44 31901 PITTMAN #1 A.......... OG 31901....... O-13.
WELL/GATH/
OKLAHOMA.
79........ GP....... OK......... 44 47201 BECKWITH 1-22 A.......... OG 47201....... O-13.
WELL GATHERING/
OKLA.
79........ GP....... OK......... 44 50501 NAYLOR #1 WELL A.......... OG 50501....... O-13.
GATH/OKLA.
79........ GP....... TX......... 71 21301 CUTTER #1 WELL A.......... TG 21301....... T-2.
GATH/TEXAS.
79........ GP....... TX......... 71 21401 PHISGODA #1 A.......... TG 21401....... T-2.
WELL GATH/
TEXAS.
79........ GP....... TX......... 71 21501 ORINGDERFF A.......... TG 21501....... T-2.
WELL GATH/
TEXAS.
79........ GP....... TX......... 71 21601 WRIGHT #1 WELL A.......... TG 21601....... T-2.
GATH/TEXAS.
79........ GP....... TX......... 71 21701 SCHOENHALS #1 A.......... TG 21701....... T-2.
WELL.
79........ GP....... TX......... 71 21801 GEORGE MOUNTS A.......... TG 21801....... T-2.
#1 WELL GATH/
TEXAS.
79........ GP....... TX......... 71 27301 PALMER #1 WELL A.......... TG 27301....... T-2.
GATH LINE/
TEXAS.
79........ GP....... TX......... 71 28401 GEORGE #1 WELL A.......... TG 28401....... T-2.
GATH/TEXAS.
79........ GP....... TX......... 71 28801 LE MASTER #1 A.......... TG 28801....... T-2.
WELL GATH/
TEXAS.
79........ GP....... TX......... 71 30801 ODELL LA MASTER A.......... TG 30801....... T-2.
WELL GATH/
TEXAS.
79........ GP....... TX......... 71 32301 GREENE #1 WELL. A.......... TG 32301....... T-2.
79........ GP....... TX......... 71 32601 SIMS #1-36L A.......... TG 32601....... T-2.
WELL GATH/
TEXAS.
79........ GP....... TX......... 71 34301 MOYES-GEORGE #1 A.......... TG34301........ T-2.
WELL GATH/
TEXAS.
79........ GP....... TX......... 71 38701 PERRY #1 WELL A.......... TG 38701....... T-2.
GATH/TEXAS.
79........ GP....... TX......... 71 39201 PERRY B1 WELL A.......... TG 39201....... T-2.
GATH/TEXAS.
79........ GP....... TX......... 71 71701 SCHULTZ #1 WELL A.......... TG 71701....... T-2.
GATHERING/
TEXAS.
79........ GP....... TX......... 71 80031 BATMAN #1-21 A.......... TG 80031....... T-2.
SIDE VALVE/
TEXAS.
79........ GP....... TX......... 71 80751 TANDY #1 WELL A.......... TG 80751....... T-2.
GATHERING LINE/
TX.
----------------------------------------------------------------------------------------------------------------
ITEM IN BOLD REFLECTS A PORTION OF THE TOTAL LINE NO. REFERENCED AS TG24001
The facilities for line no. TG24001 include only the following facilities: Buckner A1 wellhead facilities and
approximately 3.4 miles of 4-inch pipeline from well connection in section 20 to side valve on the 10-inch
TG24001 in section 27; and approximately 6.5 miles of 4-inch pipeline from a side valve on TG64201 in section
25 to a side valve on the 10-inch TG24001 in section 30 (including well facilities for G1, G1A, G2, & G3).
This Interim Agreement (``Agreement'') is by and among Phillips
Petroleum Company (``Phillips''), a corporation organized, existing and
doing business under and by virtue of the laws of the state of
Delaware, with its principal executive offices located at Phillips
Building, Bartlesville, Oklahoma 74004; Enron Corp. (``Enron'') a
corporation organized, existing, and doing business under and by virtue
of the laws of the State of Delaware, with its principal executive
offices located at 1400 Smith Street, Houston, Texas 77002; and the
Federal Trade Commission (``Commission''), an independent agency of the
United States Government, established under the Federal Trade
Commission Act of 1914, 15 U.S.C. Sec. 41, et seq. (collectively, the
``Parties'').
Premises
Whereas, on November 15, 1994, Phillips entered into an Agreement
to acquire certain voting securities from Enron, as further described
in the ``Acquisition'' definition in the Agreement Containing Consent
Order between Phillips, Enron, and the Commission; and
Whereas, the Commission is now investigating the Acquisition to
determine whether it would violate any of the statutes enforced by the
Commission; and
Whereas, if the Commission accepts the Agreement Containing Consent
Order (``Consent Order''), the Commission must place it on the public
record for a period of at least sixty (60) days and may subsequently
withdraw such acceptance pursuant to the
[[Page 47389]]
provisions of Section 2.34 of the Commission's Rules; and
Whereas, under the Consent Order, Enron will not sell, transfer or
otherwise convey, directly or indirectly, to Phillips certain assets
listed in Schedule A of the Consent Order in connection with the
Acquisition; and
Whereas, the Commission is concerned that if an understanding is
not reached to preserve the status quo ante, divestiture resulting from
any proceeding challenging the legality of the Acquisition might not be
possible, or might be a less than effective remedy; and
Whereas, the purpose of this Agreement is to preserve the status
quo ante pending Commission acceptance or rejection of the proposed
Consent Order and to preserve a remedy for any anticompetitive effects
of the Acquisition; and
Whereas, Phillips and Enron's entering into this Agreement shall in
no way be construed as an admission by Phillips and Enron that the
Acquisition is illegal or anticompetitive; and
Whereas, Phillips and Enron understand that no act or transaction
contemplated by this Agreement shall be deemed immune or exempt from
the provisions of the antitrust laws or the Federal Trade Commission
Act by reason of anything contained in this Agreement.
Now, therefore, with the understanding that the Commission has not
yet determined whether the Acquisition will be challenged, and in
consideration of the Commission's agreement that, unless the Commission
determines to reject the Consent Order, it will not seek further relief
from Phillips and Enron with respect to the Acquisition (except that
the Commission may exercise any and all rights to enforce this
Agreement and the Consent Order to which it is annexed and made a part
thereof,) the Parties agree as follows:
1. Phillips and Enron agree to execute and be bound by the Consent
Order. Phillips, Enron, and the Commission further agree that each term
defined in the Consent Order shall have the same meaning in this
Agreement.
2. Phillips and Enron agree that from the date this Agreement is
accepted until the earlier of the dates listed in subparagraphs 2.a.
and 2.b., they will not consummate the Acquisition:
a. Three (3) business days after the Commission withdraws its
acceptance of the Consent Order pursuant to the provisions of Section
2.34 of the Commission's rules; or
b. One day after the Consent Order becomes final.
3. Should the Federal Trade Commission seek in any proceeding to
compel Phillips to divest itself of the voting securities acquired in
the Acquisition, or assets conveyed pursuant thereto, or to seek any
other injunctive or equitable relief, Phillips and Enron shall not
raise any objection based on the expiration of the applicable waiting
period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976
or the fact that the Commission has permitted the Acquisition. Phillips
and Enron also waive all rights to contest the validity of this
Agreement.
4. For the purpose of determining or securing compliance with this
Agreement, subject to any legally recognized privilege, and upon
written request with reasonable notice to Phillips or Enron, as the
case may be, made to its principal office, Phillips or Enron, as the
case may be, shall permit any duly authorized representative or
representatives of the Commission:
a. Access during the office hours of the company and in the
presence of counsel to inspect and copy all books, ledgers, accounts,
correspondence, memoranda, and other records and documents in the
possession or under the control of the company relating to compliance
with this Agreement;
b. Without restraint or interference from it, to interview officers
or employees of the company, who may have counsel present, regarding
any such matters.
5. In the event the Commission has not finally issued the Consent
Order within one hundred twenty (120) days of its publication in the
Federal Register, Phillips or Enron may each, at its own option,
terminate this Agreement by delivering written notice of termination to
the Commission, which termination shall be effective ten (10) days
after the Commission's receipt of such notice, and this Agreement shall
thereafter be of no further force and effect. If this Agreement is so
terminated, the Commission may take such action as it deems
appropriate, including, but not limited to, an action pursuant to
Section 13(b) of the Federal Trade Commission Act, 15 U.S.C.
Sec. 53(b). Termination of this Agreement shall in no way operate to
terminate the Consent Order that Phillips and Enron have entered into
in this matter.
6. This Agreement shall not be binding until approved by the
Commission.
Analysis To Aid Public Comment on the Provisionally Accepted Consent
Order
The Federal Trade Commission (``Commission'') has accepted for
public comment from Phillips Petroleum Co. (``Phillips'') and Enron
Corp. (``Enron'') an agreement containing consent order. This agreement
has been placed on the public record for sixty (60) days for reception
of comments from interested persons.
Comments received during this period will become part of the public
record. After sixty (60) days, the Commission will again review the
agreement and the comments received, and will decide whether it should
withdraw from the agreement or make final the agreement's order.
The Commission's investigation of this matter concerns Phillips'
proposed acquisition, through its wholly-owned subsidiary, GPM Gas
Services Corp., of certain pipeline gathering systems owned by Enron's
subsidiaries, Northern Natural Gas Co. and Transwestern Pipeline Co.
Phillips and Enron are engaged in gas gathering--the transportation of
natural gas, for their own or for others' use, from a well head or
producing area to a gas transmission pipeline or a gas processing
plant. The Commission's investigation of this matter found potential
anticompetitive problems in the Texas Panhandle counties of Hansford,
Lipscomb, and Ochiltree and the immediately adjoining area in Beaver
County, Oklahoma (hereafer referred to as the Panhandle counties).
For certain gas and oil producers in the Panhandle counties, the
respondents are the only, or two of very few, choices available for
producers who require gas gathering services. The Commission was
concerned that the proposed merger would eliminate competition between
the respondents in providing gas gathering services. The Commission was
also concerned that the proposed merger would lead to anticompetitive
increases in gathering rates to these producers, and an overvall
reduction in gas drilling and production.
The agreement Containing Consent order would, if finally issued by
the Commission, settle charges alleged in the Commission's Complaint
that Phillips' acquisition of Enron's gas gathering systems
substantially lessened competition in the gathering of natural gas in
the Panhandle counties. The nature of such competition to be preserved
is the actual and potential competition to provide gas gathering
services to producers and other customers of the parties. The
Commission's Complaint further alleges that Phillips' merger agreement
with Enron violates Section 5 of the Federal Trade Commission Act and
that the merger, if consummated, would violate Section 5 of the Federal
Trade
[[Page 47390]]
Commission Act and Section 7 of the Clayton Act.
The order accepted for public comment contains provisions that
would require that Enron not sell approximately 830 miles of pipe and
related gas gathering assets within the Panhandle counties to Phillips.
The gas gathering assets to be excluded from the transaction are listed
in Schedule A of the proposed Consent Order. For a period of ten (10)
years from the date that the order becomes final, the order would
require prior Commission notification before (a) Phillips could acquire
from any one person during any 18 month period more than five miles of
gas gathering pipelines located within the Panhandle counties, or (b)
Enron could sell the Schedule A assets to Phillips or Maxus Energy
Corporation, another large gas gatherer in the Panhandle counties.
A separate agreement between the Commission and Phillips and Enron
preserves the status quo pending final action by the Commission to
accept or reject the proposed consent order. Phillips and Enron agreed
to take no steps to consummate the proposed acquisition until the
Commission accepts or rejects the proposed order.
The purpose of this analysis is to invite public comment concerning
the consent order. This analysis is not intended to constitute an
official interpretation of the agreement and order or to modify their
terms in any way.
Donald S. Clark,
Scretary.
[FR Doc. 95-22581 Filed 9-11-95; 8:45 am]
BILLING CODE 6750-01-M