Bidder Communications buys Southern States Gas Gathering

Sept. 13, 2001
Stockholders of Bidder Communications Inc., Dallas, have approved the purchase of Southern States Gas Gathering LLC in a diversification move. Purchase price was not disclosed but Bidder said Southern States has a replacement value of $2.3 million.


By the OGJ Online Staff

HOUSTON, Sept. 13 -- Stockholders of Bidder Communications Inc., Dallas, have approved the purchase of Southern States Gas Gathering LLC in a diversification move.

Purchase price was not disclosed but Bidder said Southern States has a replacement value of $2.3 million.

Established in 1994, the gathering system is in Caddo Pine Island field of northwest Louisiana. The system has been inactive since December 1999.

Bidder said casinghead gas is being vented into the atmosphere from wells throughout the field. It said the pipeline system potentially could gather 5 MMcfd from 3,000 wells, without extending the 65 miles of trunk lines in place.