UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 10-K
Amendment II
(Mark One)
X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended September 30, 1993
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period form to
Commission file number 1-722
THE BROOKLYN UNION GAS COMPANY
(Exact name of Registrant as specified in its charter)
New York 11-0584613
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
ONE METROTECH CENTER, BROOKLYN, NEW YORK 11201-3850
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 718-403-2000
Securities registered pursuant to Section 12(b) of the Act:
Name of each exchange on
Title of Each Class which registered
Common Capital Stock - $.33 1/3 par value New York Stock Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed
all reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months (or
for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements
for the past 90 days.
Yes X No
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K is not contained herein, and
will not be contained, to the best of registrant's knowledge, in
definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this
Form 10-K.
Yes No X
<PAGE>
Aggregate market value of registrant's voting Common Stock
held by non-affiliates as of December 1, 1993 was $1,212,143,972.
On December 1, 1993 the Company had 46,620,922 shares of
Common Stock outstanding.
DOCUMENTS INCORPORATED BY REFERENCE
Part of
Documents Form 10-K
Annual Report to Shareholders for the year ended
September 30, 1993. Part II
Definitive Proxy Statement dated December 29, 1993. Part III
Supplemental Gas and Oil Disclosures
The following information concerns the gas and oil exploration,
development and producing activities of the Company and its
subsidiaries:
Estimates of Total Proved Net Gas and Oil Reserve Data Provided to
Other Governmental Bodies and Availability of Gas and Oil
Information concerning estimates of total proved net gas and oil
reserve data provided to other governmental bodies is incorporated
herein by reference from page 48 of Brooklyn Union's 1993 Annual
Report to Shareholders.
Average Sales Prices and Production Costs - Per Unit
For the years ended September 30,
1993 1992 1991
Average Sales Price ($/MCF)*
Natural Gas
United States 2.12 1.72 1.88
Canada 1.39 1.01 -
Total 1.97 1.62 1.88
Oil, Condensate and Natural
Gas Liquid
United States 17.70 24.33 20.77
Canada 16.90 15.06 -
Total 17.17 19.60 20.77
*Represents the cash price received which excludes the effect of
any hedging transactions.
Production Cost Per
Equivalent MCF
United States .18 .22 .36
Canada .64 .63 -
Total .29 .29 .36
Acreage
As of September 30, 1993
Gross Net
Producing
United States 122,897 54,860
Canada - -
Total 122,897 54,860
Undeveloped
United States 206,040 68,169
Canada - -
Total 206,040 68,169
Number of Producing Wells
As of September 30, 1993
Gross Net
Gas wells
United States 468 279.92
Canada - -
Total 468 279.92
Oil wells
United States 15 7.57
Canada - -
Total 15 7.57
Drilling Activity (Net)
For the years ended September 30,
1993 1992 1991
Prod Dry Total Prod Dry Total Prod Dry Total
Net developmental
wells
United States 5.39 - 5.39 14.3 - 14.3 9.35 - 9.35
Canada 5.00 - 5.00 - - - - - -
Total 10.39 - 10.39 14.3 - 14.3 9.35 - 9.35
Net exploratory
wells
United States - 0.5 0.5 0.17 5.03 5.2 1.48 2.78 4.26
Canada - - - - - - - - -
Total - 0.5 0.5 0.17 5.03 5.2 1.48 2.78 4.26
At September 30, 1993 the Company, through its subsidiaries, was
participating in the drilling of one developmental well and two
exploratory wells with the Company's net interest being 1.7 wells.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
THE BROOKLYN UNION GAS COMPANY
(Registrant)
s/Richard M. Desmond
Richard M. Desmond
Vice President, Comptroller
and Chief Accounting Officer
Dated : January 13, 1994
January 13, 1994
Securities and Exchange Commission
450 Fifth Avenue
Washington, D. C. 20549
File No. 1-722
Dear Sirs:
Enclosed please find the second amendment to the
Company's filing on Form 10-K for the fiscal year ended September
30, 1993 referred to in the Form 12b-25 filed on December 29,
1993.
This information follows "Item 2. Properties" which
begins on page 10.
s/Richard M. Desmond
Richard M. Desmond
Vice President, Comptroller
and Chief Accounting Officer
Brooklyn Union Gas Company
One MetroTech Center
Brooklyn, New York 11201-3850
