-----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, IN0XiQCIgWfMOMxJjWcFQEJ3WoqgeH3GIUifGMLRKAXxrHwmzp2O4SVB+njQVvIu Edg02TLG9FLo1wAV9QIMwQ== 0000927356-00-000304.txt : 20000223 0000927356-00-000304.hdr.sgml : 20000223 ACCESSION NUMBER: 0000927356-00-000304 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000204 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000222 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN GAS RESOURCES INC CENTRAL INDEX KEY: 0000856716 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 841127613 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-10389 FILM NUMBER: 550566 BUSINESS ADDRESS: STREET 1: 12200 N PECOS ST CITY: DENVER STATE: CO ZIP: 80234-3439 BUSINESS PHONE: 3034525603 MAIL ADDRESS: STREET 1: 12200 NORTH PECOS ST CITY: DENVER STATE: CO ZIP: 80234 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D~C. 20549 FORM 8-K 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 22, 2000 (February 4, 2000) WESTERN GAS RESOURCES, INC. (Exact name of registrant as specified in its charter)
Delaware 1-10389 84-1127613 (State or other jurisdiction of incorporation) (Commission (I.R.S. Employer File Number) Identification No.) 12200 N. Pecos Street Denver, Colorado 80234-3439 (Address of principal executive offices) (Zip Code)
(303) 452-5603 (Registrant's telephone number, including area code) No Changes (Former name or former address, if changed since last report). ITEM 2. Disposition of Assets We have sold all of the outstanding stock of our wholly-owned subsidiary, Western Gas Resources-California, Inc., to Calpine Corporation for $14.9 million on January 31, 2000. The only asset of WGR-California was a 162-mile pipeline in the Sacramento Basin of California. The pipeline was acquired through the exercise of an option by WGR-California in a transaction which closed simultaneously with the sale of the Company. We will recognize an after tax gain on the sale of approximately $3.8 million, or $.12 per share of common stock in the first quarter of 2000. ITEM 5. Other Events On February 2, 2000, Western reached a confidential settlement on a lawsuit that was brought by McMurry Oil Company and certain other producers (collectively, "McMurry") against TBI Exploration, Inc., Mountain Gas Resources, Inc., Western's wholly-owned subsidiary ("Mountain Gas") and Wildhorse Energy Partners, LLC regarding the ownership, nature and extent of a call on certain gas and the right to match offers for gathering and/or purchasing gas. McMurry had alleged damage claims in this matter of approximately $30 million. The parties have settled for substantially less than the amount claimed. Mountain Gas did not admit any liability or fault in the settlement. We believe it was in our best interest to end this litigation at this time. SIGNATURES 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, thereunto duly authorized. WESTERN GAS RESOURCES, INC. --------------------------- (Registrant) Date: February 22, 2000 By: /S/WILLIAM J. KRYSIAK --------------------- William J. Krysiak Vice President - Finance (Principal Financial and Accounting Officer)
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