EXHIBIT 99.1
[ATMOS ENERGY CORPORATION LETTERHEAD AND LOGO APPEAR HERE]
Date: May 31, 2000 Investor Contacts:
Lynn Hord (972) 855-3729
Carol Knies (972) 855-3116
For Release: Immediately Media Contact:
Randy Hicks (972) 855-3720
Atmos Energy Corporation Completes Acquisition of Southwestern
Energy's Missouri Gas Operations
Dallas, Texas - Atmos Energy Corporation (NYSE: ATO) today
announced that it had completed the acquisition of the Missouri
Natural Gas distribution assets of Associated Natural Gas, a
division of Arkansas Western Gas, which is a wholly-owned
subsidiary of Southwestern Energy Corporation (NYSE: SWN)
The acquisition was announced in October 1999 and was previously
approved by the Missouri Public Service Commission and the
Federal Energy Regulatory Commission. The Missouri operations
will be operated by the United Cities Gas Company division of
Atmos Energy Corporation.
"The successful completion of this acquisition increases our
presence in Missouri by more than 48,000 customers and provides
economies of scale which will result in a greater competitive
advantage," said Robert W. Best, Chairman, President and Chief
Executive Officer of Atmos Energy Corporation. "United Cities
has a proven track record of delivering gas safely and dependably
for more than 66 years and is looking forward to serving a
broader segment of Missouri with their special brand of customer
service."
All statements, other than historical financial information and
statements of historical facts included in this press release may
be deemed to be "forward-looking statements" within the meaning
of Section 27A of the Securities Act of 1933 or Section 21E of
the Securities Exchange Act of 1934. These statements reflect the
Company's current views made in good faith with respect to future
events and performance. Actual results may differ materially from
those suggested in any such forward-looking statements as a
result of certain risks and uncertainties. A discussion of these
risks and uncertainties is included in the Company's periodic
reports filed with the Securities and Exchange Commission
including its Annual Report on Form 10-K for the year ended
September 30, 1999.
Atmos Energy Corporation of Dallas, Texas, distributes natural
gas and propane to more than one million customers in 13 states
through its operating divisions - Energas Company, Greeley Gas
Company, Trans Louisiana Gas Company, United Cities Gas Company,
Western Kentucky Gas Company and United Cities Propane Gas, Inc.
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