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Industrial Natural Gas Consumers & Natural Gas Producers Call for Government Action 'Solutions for America'

Posted on: Wednesday, 22 March 2006, 12:00 CST

News Advisory:

CEOs from some of the nation's largest industrial natural gas consumers and independent natural gas producers will host a press conference in Washington D.C. on March 28, 2006. At the conference, executives will call on Congress and the Administration to take immediate action to address the dwindling U.S. natural gas supply. Increasing supply would reduce and stabilize natural gas prices for consumers.

WHEN:

National Press Club,

529 14th Street NW,

Washington D.C.

WHEN:

March 28, 2006, from 9:30 to 11 a.m.

WHO:

Speaking at the news conference will be:

Stephen R. Wilson,

Chairman & CEO,

CF Industries Holdings, Inc.

Dan DiMicco,

President & CEO,

Nucor Corporation

J. Larry Nichols,

Chairman & CEO,

Devon Energy Corporation

James T. Hackett,

Chairman, President & CEO,

Anadarko Petroleum Corporation

Laurence M. Downes,

Chairman & CEO,

NJ Resources

During the presentation, the speakers will outline solutions that would immediately address problems facing North America's natural gas industry. In addition, they will discuss how American consumers and energy producers working together with lawmakers and regulatory agencies can increase critical supplies of natural gas, lower prices for consumers, keep American jobs and businesses strong and protect America's economic security. Executives will also answer questions from participating journalists.

The event will be held at The National Press Club at 529 14th Street, NW, Washington D.C. and will be webcast live at http:// www.ConnectLive.com/events/naturalgas

---

Corporate profiles for participating organizations follow.

CF Industries Holdings, Inc. -- CF Industries Holdings, Inc. is one of North America's largest manufacturers and distributors of nitrogen and phosphate fertilizer products, capable of producing more than 8 million tons of fertilizer annually. The company operates nitrogen production facilities in Louisiana and Alberta and phosphate production facilities in Florida, as well as 49 fertilizer distribution locations. At capacity, CF Industries' nitrogen operations consume approximately 350,000 mmBTU of natural gas each day. Revenues in 2005 were $1.9 billion and total employment is approximately 1,400.

NYSE: CF

Website: http://www.cfindustries.com

Contact: Charles A. Nekvasil, Director, Public and Investor Relations, CF Industries Holdings, Inc., 847-307-2515 or cnekvasil(At)cfindustries.com

Nucor Corporation -- Nucor Corporation is the largest steel producer and recycler in the United States. It recycles steel scrap into a diverse range of steel and steel products, including hot- rolled steel, long products, steel joists and metal buildings. About 90 percent of the 20 million tons of steel Nucor produces annually is sold to steel service centers and end- product manufacturers. The company has operating facilities in 17 states and employs approximately 11,500 people nationwide. Nucor had net sales of $12.7 billion in 2005.

NYSE: NUE

Website: http://www.nucor.com

Contact: Jim Frias, VP & Corporate Controller, Nucor Corporation, 704-365-1321 or jfrias(At)nucor.com

NJ Resources -- New Jersey Resources provides reliable retail and wholesale energy services to customers in New Jersey and in states from the Gulf Coast to New England, and Canada. Its principal subsidiary, New Jersey Natural Gas, is one of the fastest-growing local distribution companies in the United States, serving more than 462,000 customers in central and northern New Jersey. NJR's progress is a tribute to the dedicated employees who have shared their expertise and focus on quality through more than 50 years of serving customers and the community to make the company a leader in the competitive energy marketplace.

NYSE: NJR

Website: http://www.njresources.com

Contact: Michael Kinney, Senior Communications Specialist, 732- 938-1031 or njrcommunications(At)njresources.com

Devon Energy -- Devon Energy Corporation is the largest U.S.- based independent oil and gas producer and one of the larger independent processors of natural gas and natural gas liquids in North America. The company's portfolio of oil and gas properties provides stable, environmentally responsible production and a platform for future growth. About 88 percent of Devon's production is from North America. The company also operates in selected international areas, including Brazil, West Africa, Azerbaijan and China. The company's production mix is 62 percent natural gas and 38 percent oil and natural gas liquids, such as propane, butane and ethane. Devon produces 2.2 billion cubic feet of natural gas each day, about 3 percent of all the gas consumed in North America. Headquartered in Oklahoma City, Devon has approximately 4,000 employees worldwide.

NYSE: DVN

Website: http://www.devonenergy.com

Contact: Brian Engel, Manager, Public Affairs, Devon, 405-228- 7750 or brian.engel(At)dvn.com

Anadarko Petroleum Corporation -- Anadarko Petroleum Corporation develops, acquires and explores for oil and gas resources vital to the world's health and well-being. As of year- end 2005, the company had 2.45 billion barrels of oil equivalent (BOE) of proved reserves, making it one of the world's largest independent exploration and production companies. Anadarko's operational focus in North America extends from the deepwater Gulf of Mexico, up through the Canadian Rockies and onto the North Slope of Alaska. Anadarko's international operations are focused on its major positions in Algeria, Venezuela and Qatar, and exploration or production operations in several other countries.

NYSE: APC

Website: http://www.anadarko.com

Contact: Teresa Wong, Manager, Public Affairs & Corporate Communication, Anadarko Petroleum, 832-636-1203 or teresa_wong(At)anadarko.com

http://www.usnewswire.com

Source: U.S. Newswire

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