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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 Event Reported: 11/22/99
MIDCOAST ENERGY RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Texas 0-8898 76-0378638
(State or other Commission (I.R.S. Employer
jurisdiction of File Number Identification No.)
incorporation)
Suite 2950, 1100 Louisiana Street, Houston, Texas 77002
(address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 713/650-8900
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MIDCOAST ENERGY RESOURCES, INC., AND SUBSIDIARIES
Item 5. Other Events
In order to streamline its business operations, Midcoast has cut
approximately 20 percent of its workforce and expects to take a $1.7 million
fourth quarter charge. The company has let go 50 of its 256 employees,
including some staff in its Houston corporate office and employees at various
field locations.
The company will incur the charge in connection with these actions, and the
company expects to see savings from reduced employee costs and a more
streamlined operating and business process.
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 hereto duly authorized.
MIDCOAST ENERGY RESOURCES, INC.
Date: December 13, 1999 By: /s/ Richard A. Robert
_______________________________
Richard A. Robert
Treasurer
Principal Financial Officer
Principal Accounting Officer
