Page 6b/The Battalion/Friday, September 6,1985
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«
Authorized Dealer
TAMU Vendor-
Apple II Family
^Computers
2553 Texas Ave. S.
693-8080
College Station (Shiloh Place)
Company gets settlement
after 12-year legal dispute
Associated Press
EL PASO — In a settlement of a
long-standing legal dispute, El Paso
Natural Gas Co. has agreed to assign
its oil and gas rights in the San Juan
Basin of northwestern New Mexico
to two of its major gas producers.
The agreement, recently ap
proved by the Federal Energy Regu
latory Commission, was announced
by company officials in El Paso
Wednesday.
Under the settlement, El Paso
Natural Gas no longer will pay costly
overriding royalties to Conoco Inc.
and Tenneco Oil Co., and will give
up ownership of expensive petro
leum “liquids” to the two oil compa
nies. But El Paso Natural Gas will
continue to buy gas from the prop
erties for its interstate natural gas
system.
Introducing
THE FIRST-EVER,
NEVER BEFORE
IN THIS LOCATION
AUTOMATED TELLER
MACHINE
THAT COMES WITH
ITS VERY OWN
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W hen you open a brand new ATM location in Southwood Valley, there’s bound to be some hoopla! So to celebrate,
we’re throwing a party with an outrageous contest for the most creative costume or vehicle to go through and use
our New FirstNet ATM. A photographer will be on hand to photograph all contestants and the grand prize is a party
for the winning individual or group. There’s fun, FREE refreshments, and a drawing for A&M football season tickets
just for stopping by And of course, if you need fast cash, 24 hours a day you’ve come to the right place. There are
8 FirstNet machines across town, including seven drive-throughs. And you can use any MPact®, Pulse®, MasterCard®,
VISA® or FirstNet® card. So come out and join tire hoopla 10:00 a.m. Saturday, September 7, at the K-Mart parking lot,
located at the corner of FM 2818 and Texas
Avenue South, in Southwood Valley.
f-msrCnY
MEMBER FDIC ©1985 FCBOT
3000 Briarcrest Drive 779-5402
A spokesman for El Paso Natural
Gas, John McFall, said Wednesday
that no estimate was available on
how much money the company will
save through no longer paying the
overriding royalties.
“But it won’t result in any extraor
dinary gain or loss to the company,”
he said.
500-mil lion-cubic-foot-a-day gai
processing plant south of Farming
ton, N.M., to extract natural gaslii]
uids from the gas prior to its sale to
El Paso Natural Gas.
Because Tenneco and Conoco will
own the rights to the petroleum liq
uids, which pipeline companies gen
erally separate from the natural gas
stream and sell at premium prices,
extraction operations at El Paso Nat
ural’s Blanco, N.M., plant will l>e
phased out, McFall said.
The legal battle grew out i
well lease agreements dating back it
1952. Litigation began in the use
years ago. El Paso Natural Gas twl
tried to force Tenneco and Conoct
to lake over ownership of its natim,’
gas leases in order to avoid paying
the expensive overriding royaln
payments.
McFall said the settlement, which
took effect Sunday, also means Ten
neco and Conoco will build a new
Judge W’illiam Blanton of lit
11th District Court of Harri
County, however, denied in Fd
ruary 1984 El Paso Natural Cas’d
forts to turn over ownership of tit
leases to Tenneco and Conoco,
ON THE SIDE OF
TEXAS ASM
lYtuveutki
1 national hank J
-
Won Hop Loong Chuan
Karate
Classes open to the public
5-7 p.m. Mon. and Wed. Rm. 255 G. Rollie White
10:00-noon Saturday Rm 267 E. Kyle
Come by to view classes and talk to instructors
till
jj Auto Painting by
SHOP HOURS Mon thru Fit 8 nn - 6 pm S* 10*m-2pm
Free estimates on at) bodywork
OFF
The MAACO PERSIDENTIAL Paint Service
REG. $209.95 NOW $259.95
• Chemical Cleaning • Thorough Surface Sanding
• Machine Sanding Most Chips and Scratches
• Full Coat of Primer Sealer
• Refinsh with Automotive High Gloss Enamel
• Oven Baked Finsh
Offer expires: Sept 21,1985
BRYAN
1300 South College Avenue
(1 Block Behind Gallery Nissan Datsun)
823-3008
MAACO Auto Painting & Bodyworks ara indepandam franchises of MAACO Enterprises
14444 M
Why move
like this,
when you can
move like this.
SUMMER SPECIAL
NO SECURITY DEPOSIT
5 Packages Tailored to Your Personal Tastes, Needs and Comfort
Freshman Package $35.95
Sophomore Package „ $45.95
Junior Package 4 $56.95
Senior Package $72.95
Graduate Package $82.95
(Add $15-$25 for each additional bedroom)
All Packages consist of-a complete Living Room,
Dining Room and Bedroom.
(Individual Pieces Also Available)
DEPENDS ON AVAILABILITY/STYLES SUBJECT TO CHANGE
FREE GIFTS JUST FOR STOPPINGB
CEItTIFlED
FURNITURE RENTAL
913-0 Harvey Road
Woodstone Shopping Center
College Station, Texas 77840
(409) 764-0721
OFFER EXPIRES SEPTEMBER 30, 1985
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