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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) May 23, 1997
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(May 22, 1997)
WESTERN GAS RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-10389 84-1127613
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(State or other jurisdiction of (Commission (I.R.S Employer
incorporation) File Number) Identification No.)
12200 N. Pecos Street Denver, Colorado 80234-3439
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(Address of principal executive offices) (Zip Code)
(303) 452-5603
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(Registrant's telephone number, including area code)
No Changes
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(Former name, former address and former fiscal year, if changed since last
report).
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ITEM 5. OTHER EVENTS.
Item 7. Exhibits
The following exhibit is filed as part of this Current Report on Form 8-K:
99.1 Press Release, dated May 22, 1997, released by the Registrant.
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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.
WESTERN GAS RESOURCES, INC.
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Registrant
Date: May 23, 1997 By: /s/ WILLIAM J. KRYSIAK
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William J. Krysiak
Vice President-Finance
(Principal Financial and
Accounting Officer)
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EXHIBIT 99.1
WESTERN GAS RESOURCES, INC. ANNOUNCES
UPDATE OF TIMING OF ITS PINNACLE REEF FACILITY
May 22, 1997. Western Gas Resources, Inc. (NYSE:WGR) announced today an
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update of the timing of the construction by its wholly-owned subsidiary,
Pinnacle Gas Treating, Inc. ("Pinnacle"), of its gathering and sour gas
treating facility near Bethel, Texas. Pinnacle expects that the portion of
the Bethel facility that is registered with the Texas Natural Resource
Conservation Commission ("TNRCC") pursuant to a standard exemption (the
"Initial Facility") will be operational in July, 1997, with an initial
capacity of approximately 180 MMcf per day, assuming a sulfur concentration
of 300 parts per million and approximately 300 MMcf per day, based on the
low sulfur content of the gas currently available to flow to Pinnacle.
Given the drilling schedules provided by the producers dedicated to the
facility, the Company currently estimates that throughput at the time of
the start-up of the Initial Facility will be approximately 70 to 100 MMcf
per day. The Company believes that utilizing the Initial Facility, it will
be able to treat all the gas that is produced and dedicated to the Bethel
facility until Pinnacle is able to construct the remaining phases of the
project (the "PSD Facility"), which will allow Pinnacle to increase in
phases the treating capacity of the Bethel facility to an estimated 1.4 Bcf
per day.
Following the pre-hearing conference relating to the issuance by the TNRCC
of the PSD permit, the administrative law judge last week set the hearing
for the PSD permit in late October, 1997. The Company firmly believes that
the PSD Facility will meet or exceed all applicable regulations and rules
and that it will receive a PSD permit to construct all phases of the Bethel
facility. The TNRCC's Executive Director has proposed a draft permit and
supports the issuance of the PSD. Based upon this hearing date, Pinnacle
believes that the permit will be issued in the first quarter of 1998, with
construction of the remaining portion of the first phase of the facility
expected to be completed in the second quarter of 1998.
Western is an independent gas gatherer and processor and an energy marketer
providing a full range of services to its customers from the wellhead to
the delivery point. The Company designs, constructs, owns and operates
natural gas gathering, processing, treating and storage facilities in major
gas-producing basins in the Rocky Mountain, Mid-Continent, Gulf Coast and
Southwestern regions of the United States.
This press release contains certain forward-looking statements
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regarding the Bethel plant completion schedule, throughput capacity and
anticipated volumes that involve a number of risks and uncertainties which
could cause actual results to differ materially, including, among other
things, the composition of the gas to be treated and the drilling schedules
and success of the producers dedicated to the Bethel facility.
Investor Contact: Ron Wirth (800) 933-5603
