KANEB ENERGY <KEP> SAYS JURY RULES FOR IT
Kaneb Energy Partners Ltd, 82 pct owned
by Kaneb Services Inc <KAB>, said a juiry in Circuit Court of
Tuscaloosa County, Ala., has ruled in its favor and that of Jim
Walter Corp <JWC> against Sonat Inc <SNT> in a dispute over a
natural gas sales contract.
The company said the suit was filed seekiong to enforce
Sonat's obligations under the contract to pay for methane gas
produced by the Brookwood Coal Degasificiation Project in the
Black Warrior Basin of Alabama, which is equally owned by Kaneb
and Jim Walter.
Kaneb said the jury awarded it and Jim Walter about 22 mln
dlrs for required payments for deliveries through January 1987
plus interest through March 16 -- the full amount sought -- and
rejected Sonat's counterclaim of fraud.
It said the decision may be appealed.