UNITED STATES
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) AUGUST 1, 1997
EQUITABLE RESOURCES, INC.
(Exact name of registrant as specified in its charter)
PENNSYLVANIA 1-3551 25-0464690
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
420 BOULEVARD OF THE ALLIES, PITTSBURGH, PENNSYLVANIA 15219
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 261-3000
NONE
(Former name or former address, if changed since last report)
<PAGE>
ITEM 5. Other Events
ET Avoca Company, a special purpose subsidiary of the registrant, ERI,
filed a petition for relief under Chapter 11 of the United States Bankruptcy
Code in the U.S. Bankruptcy Court for the District of Delaware. The filing
relates to ET Avoca Company's partnership interest in the Avoca Natural Gas
Storage Project (ANGS) which has been discontinued. ANGS was planned as a high
deliverability storage project near Avoca, NY. However, the project had
continued problems associated with brine disposal. As no alternative brine
disposal methods appeared to be economically viable, the project was terminated.
In the second quarter of 1997, the Company provided a reserve equal to the
amount of its investment in the project and anticipated project exit costs.
SIGNATURE
Pursuant to the requirements of Section 12 of the Securities Exchange
Act of 1934, as amended, the registrant has duly caused this report to be signed
on its behalf by the undersigned, thereto duly authorized.
EQUITABLE RESOURCES, INC.
(Registrant)
By /s/ A. Mark Abramovic
A. Mark Abramovic
Senior Vice President and
Chief Financial Officer
August 1, 1997
