Questar Regulated Services Co Inc history

With natural gas reserves ready, pipelines and distribution networks in place, and growth in the West raising demand for energy, Western Public Service expected 1929 and the following years to be stellar ones.

In 1941, Mountain Fuel refused new applications for heating services from industrial customers to conserve its resources for the war effort.

Having designed the subsidiary to conduct development drilling and production operations, Mountain Fuel Supply transferred to Wexpro all of its nonutility oil-producing properties in January 1977.

By 1984 Celsius owned oil and gas leases or rights on over two million acres of potential oil and gas lands.

In 1985 the corporation's data processing and communication needs were taken over by a new subsidiary, Questar Service Corporation.

In 1987 Questar acquired 53 percent of Universal Resources Corp. for $16.24 million.

To improve returns, Questar sold Interstate Brick Company in 1990 for approximately book value.

Mountain Fuel Supply planned in 1991 to allocate approximately $4 million to further development of NGV-related facilities.

Exploratory and development drilling received approximately $65 million in 1992, spent primarily on drilling in tight sands gas areas.

In 1994 Nextel Communications Inc. bought Questar Telecom for 3.8 million shares of Nextel stock.

Approximately $260 million was devoted to the TransColorado Pipeline, which neared completion in 1998.