-----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, JcVZS/OKt81zbPBi5t0FwmvHIoplNs2XBWpwXwV8o9ZfXs+/MgduBSNx+R4aUAJU bIUDYPq2POUJuS5nWIhXig== 0001047469-04-023920.txt : 20040723 0001047469-04-023920.hdr.sgml : 20040723 20040722135705 ACCESSION NUMBER: 0001047469-04-023920 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040722 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESTERN GAS RESOURCES INC CENTRAL INDEX KEY: 0000856716 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS DISTRIBUTION [4924] IRS NUMBER: 841127613 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10389 FILM NUMBER: 04926142 BUSINESS ADDRESS: STREET 1: 1099 18TH STREET, SUITE 1200 CITY: DENVER STATE: CO ZIP: 80202-1955 BUSINESS PHONE: 303 452 5603 MAIL ADDRESS: STREET 1: 1099 18TH STREET, SUITE 1200 CITY: DENVER STATE: CO ZIP: 80202-1955 8-K 1 a2140626z8-k.htm 8-K
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): July 22, 2004

WESTERN GAS RESOURCES, INC.
(Exact Name of Registrant as Specified in Charter)

Delaware   1-10389   84-1127613
(State of Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)

 

 

 

 

 
1099 18th Street, Suite 1200, Denver, Colorado   80202
(Address of Principal Executive Offices)   (Zip Code)

(303) 452-5603
(Registrant's telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)



Item 5. Other Events

        On July 22, 2004, Western Gas Resources, Inc. issued a press release announcing that it had signed a purchase and sale agreement to purchase certain oil and gas assets in the San Juan Basin of New Mexico from an undisclosed seller for approximately $82.2 million.

        The press release is attached as an exhibit to this Form 8-K and incorporated herein by reference.


Item 7. Financial Statements and Exhibits

(c)
Exhibit:

99
Press release, dated July 22, 2004, announcing purchase of San Juan Basin Assets.

2



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 hereunto duly authorized.


 

 

WESTERN GAS RESOURCES, INC.
(Registrant)

Date: July 22, 2004

 

By:

 

/s/  
WILLIAM J. KRYSIAK      
Name: William J. Krysiak
Title: Executive Vice President and Chief Financial Officer

3



EXHIBIT INDEX

Exhibit Number
  Description
99   Press release, dated July 22, 2004, announcing purchase of San Juan Basin Assets.



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SIGNATURES
EXHIBIT INDEX
EX-99 2 a2140626zex-99.htm EX-99
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Exhibit 99


WESTERN GAS RESOURCES, INC.
ANNOUNCES PURCHASE OF SAN JUAN BASIN ASSETS

        DENVER, July 22, 2004. Western Gas Resources, Inc. ("Western") (NYSE:WGR) today announced that it signed a purchase and sale agreement to purchase certain oil and gas assets in the San Juan Basin of New Mexico from an undisclosed seller for approximately $82.2 million. Closing is expected to occur on October 1, 2004.

        The purchase price includes 24,000 net acres (32,000 gross acres) with approximately 100 wells producing 12.6 MMcfd gross or 9.3 MMcfd net of coal bed methane gas. Proved reserves as of December 31, 2003 are estimated to be approximately 60 Bcf. The purchase price also includes approximately 130 miles of related gathering systems, which are currently connected to Western's existing San Juan River plant.

        Peter Dea, President and Chief Executive Officer of Western, stated, "These assets are an excellent fit with our existing gathering and processing assets in the San Juan Basin and offer the potential for additional drilling locations. They fully support our strategy of being a premier producer and gatherer of unconventional natural gas in the Rocky Mountain region and serve to establish a new core integrated area for the Company."

        Company Description.    Western is an independent natural gas explorer, producer, gatherer, processor, transporter and energy marketer providing a broad range of services to its customers from the wellhead to the sales delivery point. The Company's producing properties are located primarily in Wyoming, including the developing Powder River Basin coal bed methane play, where Western is a leading acreage holder and producer, and the rapidly growing Pinedale Anticline. The Company also designs, constructs, owns and operates natural gas gathering, processing and treating facilities in major gas-producing basins in the Rocky Mountain, Mid-Continent and West Texas regions of the United States. For additional Company information, visit Western's web site at www.westerngas.com.

        This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future growth potential. Although the Company believes that its expectations are based on reasonable assumptions, Western can give no assurances that its projections are accurate. These statements are subject to a number of risks and uncertainties, which may cause actual results to differ materially. These risks and uncertainties include, among other things, unknown factors discovered in due diligence, changes in natural gas and NGL prices, government regulation or action, geological risk, environmental risk, weather, rig availability, transportation capacity, the success of third-party producers drilling near its systems and other factors as discussed in the Company's 10-K and 10-Q Reports and other filings with the Securities and Exchange Commission.

Investor Contact:   Ron Wirth, Director of Investor Relations
(800) 933-5603 or (303) 252-6090
Email: rwirth@westerngas.com



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WESTERN GAS RESOURCES, INC. ANNOUNCES PURCHASE OF SAN JUAN BASIN ASSETS
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