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 earliest event reported: February 1, 1994
K N ENERGY, INC.
__________________________________________________________________
(Exact name of registrant as specified in its charter)
Kansas 1-6446 48-0290000
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
370 Van Gordon Street, P.O. Box 281304, Lakewood, CO 80228-8304
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, include area code: (303) 989-1740
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Item 5: Other Events
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With respect to the acquisition by two subsidiaries of K N
Energy, Inc. of certain gas reserves and production assets of
Fuel Resources Development Co., reference is hereby made to the
press release dated February 1, 1994 which is filed herewith as
an exhibit and incorporated herein by this reference.
Item 7. Financial Statements, Pro-Forma Financial Information
______ _____________________________________________________
and Exhibits
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(a) Financial Statements - None
(b) Pro-Forma Financial Statements - None
(c) Exhibits
1.1 Press release dated February 1, 1994
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EXHIBIT INDEX
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Exhibit
Number Exhibit Description Page
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Page
____
1.1 Press Release dated February 1, 1994 4
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SIGNATURE
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.
K N ENERGY, INC.
By:/s/ William S. Garner, Jr.
___________________________
William S. Garner, Jr.
Vice President, General Counsel
and Secretary
Date: February 3, 1994
EXHIBIT 1.1
K N ENERGY SUBSIDIARIES COMPLETE ACQUISITION OF GAS RESERVES
Lakewood, CO - K N Energy, Inc. (NYSE - KNE) today announced that
K N's gas reserves development subsidiaries, K N Production
Company and GASCO, Inc., have finalized the previously disclosed
acquisition of a substantial portion of the gas reserves and
production of Fuel Resources Development Co. (Fuelco), a
subsidiary of Public Service Co. of Colorado.
This acquisition further positions K N Energy to benefit from
development of natural gas reserves and related gas gathering and
processing in the Rocky Mountain region and is an additional step
in the Company's strategic growth focus on natural gas business
opportunities.
The properties are located near existing K N operations in
western Colorado and in the Moxa Arch region of southwestern
Wyoming, both prolific natural gas areas. Total net reserves are
approximately 50 billion cubic feet equivalent of natural gas,
approximately 90 percent of which is gas. No purchase price has
been disclosed.
K N Energy, with operations in seven states, supplies natural gas
to residential, commercial, industrial and agricultural customers
through three pipeline systems. Principal operations serve over
340 communities and 230,000 direct customers in Colorado, Kansas,
Nebraska and Wyoming. Operating one of the 10 longest natural
gas pipeline systems in the United States, K N Energy has annual
sales exceeding $470 million and assets of approximately $640
million.
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Release Date: Immediate Release - Tuesday, February 1, 1994
Contact: Dick Buxton or Dave Loiseau - (303) 989-1740
