-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GaX9TonbnmiHQqk/+iPZKurYb5almcfC8XPcLrqdhfXHMKi6umteind9gqyj0J+Z QhriE4bSn5EnknXCUcCQ/Q== 0000893220-96-000367.txt : 19960603 0000893220-96-000367.hdr.sgml : 19960603 ACCESSION NUMBER: 0000893220-96-000367 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 19960228 ITEM INFORMATION: Other events FILED AS OF DATE: 19960228 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLUMBIA GAS SYSTEM INC CENTRAL INDEX KEY: 0000022099 STANDARD INDUSTRIAL CLASSIFICATION: 4923 IRS NUMBER: 131594808 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-01098 FILM NUMBER: 96527377 BUSINESS ADDRESS: STREET 1: 20 MONTCHANIN RD CITY: WILMINGTON STATE: DE ZIP: 19807 BUSINESS PHONE: 3024295000 8-K 1 FORM 8-K COLUMBIA GAS SYSTEM 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event Reported) February 28, 1996 --------------------------- THE COLUMBIA GAS SYSTEM, INC. ----------------------------- (Exact name of registrant as specified in its charter) Delaware 1-1098 13--1594808 - - ---------------------------- ------------ ------------------- (State of other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 20 Montchanin Road, Wilmington, Delaware 19807 ---------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code (302) 429-5000 -------------- 2 Item 5. Other Events Information contained in a News Release dated February 28, 1996, is incorporated herein by reference. 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. The Columbia Gas System, Inc. ----------------------------- (Registrant) By /s/L. J. Bainter --------------------------- Treasurer Date: February 28, 1996 4 Contacts: Media - Bill Chaddock (302) 429-5261 Bill McLaughlin (302) 429-5443 Analysts - Tom Hughes (302) 429-5363 Ken Murphy (302) 429-5471 FOR IMMEDIATE RELEASE February 28, 1996 COLUMBIA SYSTEM ANNOUNCES SALE OF SOUTHWESTERN E&P UNIT TO HUNT PETROLEUM CORPORATION WILMINGTON, DEL. -- The Columbia Gas System, Inc. (NYSE: CG) announced today that it has agreed to sell all of the stock of Columbia Gas Development Corporation, its wholly-owned Houston- based oil and gas exploration and production subsidiary, to Hunt Petroleum Corporation, a privately-held E&P concern. Columbia will receive approximately $200 million in cash plus an overriding royalty interest in certain oil and gas leases. Closing is anticipated by April 1996. As previously announced, Columbia expects to use the proceeds from the sale to repay short-term debt incurred in connection with the recent redemption of $200 million of preferred stock and $200 million of convertible preferred stock. Columbia Gas Development, headquartered in Houston, Texas, has in excess of 195 billion cubic feet equivalent of proved oil and natural gas reserves located in the Gulf of Mexico and onshore continental United States. The Columbia Gas System, Inc., is one of the nation's largest integrated natural gas systems with assets in excess of $6 billion. Its operating units are actively engaged in all phases of the natural gas industry, provide marketing and fuel management services, and generate electric power. # # # -----END PRIVACY-ENHANCED MESSAGE-----