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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) APRIL 10, 2000
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EQUITABLE RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
PENNSYLVANIA 1-3551 25-0464690
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
ONE OXFORD CENTRE, SUITE 3300, 301 GRANT STREET, PITTSBURGH, PENNSYLVANIA 15219
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (412) 553-5700
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NONE
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS
On April 10, 2000, Equitable Resources, Inc. (the Registrant; NYSE:
EQT) announced completion of the previously announced combination of its Gulf of
Mexico assets with Westport Oil and Gas Company.
A copy of the press release is included as Exhibit 99 to this report.
ITEM 7. FINANCIAL STATEMENTS
(c) EXHIBITS
Exhibit
Number Description
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Exhibit 99 Equitable Resources, Inc., press release
announcing the completion of the previously
announced combination of its Gulf of Mexico
exploration and production unit with Westport
Oil and Gas Company.
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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
Executive Vice President and
Chief Financial Officer
April 10, 2000
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EXHIBIT INDEX
Exhibit No. Document Description Sequential Page No.
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99 Equitable Resources, Inc. press 5
release announcing completion of
the combination of its Gulf of Mexico
exploration and production unit with
Westport Oil and Gas Company.
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Exhibit 99
CONTACT: BOB BUTTER
MEDIA
412-456-3866
JEFFREY SWOVELAND
ANALYSTS
412-553-5869
EQUITABLE RESOURCES COMPLETES COMBINATION OF ITS GULF OF MEXICO ASSETS WITH
WESTPORT OIL AND GAS COMPANY
Pittsburgh, April 10 - Equitable Resources (NYSE: EQT) announced today that it
has completed the previously announced combination of its Gulf of Mexico assets
with Westport Oil and Gas Company.
In the transaction, Equitable received approximately $50 million in cash and a
significant minority interest in the combined company. Equitable has named Murry
Gerber, President and CEO, and Dave Porges, Executive Vice President and CFO, as
two of its four board appointments to Westport's Board.
Westport, a privately held company with gas and oil production in the Rockies,
mid-continent and Gulf Coast, is based in Denver. The Gulf Coast operations for
the combined company will continue to be located in Houston as it has been for
both Westport and Equitable Resources. Westport's CEO, Don Wolf, will retain his
position and will remain a member of Westport's Board.
This transaction concludes Equitable Resources' direct investment in the Gulf of
Mexico area. Equitable is now positioned to focus on its core business of
natural gas distribution and Appalachian production. Equitable expects to
reflect its minority investment in Westport using the equity method of
accounting.
-more-
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Equitable Resources is an integrated energy company, with emphasis on
Appalachian area natural gas production, natural gas transmission and
distribution and leading-edge energy management services for customers
throughout the United States. The company also owns energy management projects
in selected international markets.
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EQUITABLE RESOURCES' RECENT NEWS RELEASES ARE AVAILABLE FREE OF CHARGE BY FAX OR
THROUGH COMPANY NEWS ON-CALL AT 1-800-758-5804, EXT. 289250; OR ON THE INTERNET
AT http://www.eqt.com.
