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) JUNE 1, 1999
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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.)
One Oxford Centre, Suite 3300, 301 Grant Street, Pittsburgh, Pennsylvania 15219
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code (412) 553-5700
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NONE
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
The Registrant, Equitable Resources, Inc., (EQT) and USX-Marathon
Group (MRO) have reached a definitive agreement wherein EQT and/or
its subsidiaries will acquire from MRO 100 percent of the stock of
Carnegie Natural Gas Company and affiliated subsidiaries of USX
Corporation (collectively the "Carnegie Companies"). The sale is
subject to customary closing conditions, including due diligence
and receipt of governmental approvals. A copy of the press release
issued by MRO concerning this event is filed herewith as an
Exhibit at Item 7.
Item 7. Financial Statements and Exhibits
(c) USX-Marathon Group ("MRO") press release announcing the sale of
the Carnegie companies is filed as Exhibit 99 to this report.
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.
EQUITABLE RESOURCES, INC.
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(Registrant)
By /s/ David L. Porges
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David L. Porges
Senior Vice President and
Chief Financial Officer
June 1, 1999
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<PAGE>
EXHIBIT INDEX
Exhibit No. Document Description Sequential Page No.
99 Press release issued by USX-Marathon 4
Group (MRO) announcing sale of
Carnegie Companies
Exhibit 99
FOR IMMEDIATE RELEASE Contact: William E. Keslar
Don H. Herring
(412) 433-6870
USX-Marathon Group Signs Definitive Agreement to Sell Carnegie Companies
PITTSBURGH, June 1--USX-Marathon Group (NYSE:MRO) today
announced that a definitive agreement has been signed to sell 100 percent of the
stock of Carnegie Natural Gas Company and affiliated subsidiaries of USX
Corporation to Equitable Resources, Inc. (NYSE:EQT).
Specific financial terms of the transaction were not
disclosed. The transaction is subject to customary closing conditions, including
due diligence and receipt of governmental approvals.
The Carnegie companies are engaged in natural gas production,
transmission, distribution, sales and storage activities in Pennsylvania and
West Virginia.
Marathon Oil Company, part of USX Corporation, is a worldwide
integrated energy company.
Equitable Resources, Inc. is an integrated energy company with
emphasis on Appalachian area natural gas production, transmission and
distribution and leading edge energy management services for customers
throughout the United States. Equitable also has exploration and production
interests in the Gulf of Mexico and energy service management projects in
selected international markets.
-oOo-
(Visit our websites at www.marathon.com or www.usx.com)
