CORNERSTONE NATURAL GAS INC
8-K, 1995-01-20
NATURAL GAS TRANSMISSION
Previous: PUTNAM NEW YORK TAX EXEMPT INCOME TRUST, N-30D, 1995-01-20
Next: MORGAN KEEGAN INC, S-8, 1995-01-20



<PAGE>


                      SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC 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) JANUARY 20, 1995
                                                        (JANUARY 12, 1995)

                          CORNERSTONE NATURAL GAS, INC.
            (Exact name of registrant as specified in its charter)


                                  DELAWARE
              (State or other jurisdiction of incorporation)


                   0-11994                           74-1952257
                 (Commission                        (IRS Employer
                 File Number)                     Identification No.)

          8080 N. CENTRAL EXPRESSWAY
                SUITE 1200
               DALLAS, TEXAS                            75206
 (Address of principal executive offices)             (Zip Code)

      Registrant's telephone number, including area code (214) 691-5536




<PAGE>

ITEM 5.  OTHER IMPORTANT EVENTS

   On January 12, 1995, Cornerstone Natural Gas, Inc.'s wholly-owned
subsidiary, Cornerstone Gas Gathering Company, completed the purchase of two
natural gas gathering systems in East Texas. The systems are known as the
Willow Springs and North Lansing systems and are located in Gregg and Harrison
Counties, Texas. The systems were acquired from Bayou South Gas Gathering
Company, L.C., a Louisiana limited liability company. The effective date of
the acquisition is January 1, 1995.

   The systems consist of approximately 65 miles of pipeline. The acquisition
is being treated as an asset purchase and is being financed through the
expansion of the Company's existing credit facility with Bank of Oklahoma, N.A.


ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(a)  Financial statements of business acquired - not applicable

(b)  Pro forma financial information - not applicable

(c)  Exhibits

     None


<PAGE>


                              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.

                                  CORNERSTONE NATURAL GAS, INC.
                                  (Registrant)



Dated: January 20, 1995                   /s/ RAY C. DAVIS
                                  ---------------------------------
                                             Ray C. Davis
                                       Chairman of the Board and
                                        Chief Executive Officer




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission