UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: June 28, 2004
(Date of Earliest Event Reported: June 28, 2004)
EL PASO CORPORATION
(Exact name of Registrant as specified in its charter)
Delaware 1-14365 76-0568816
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation or
organization)
El Paso Building
1001 Louisiana Street
Houston, Texas 77002
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (713) 420-2600
Item 5. Other Events and Regulation FD Disclosure
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On June 28, 2004, we announced that our subsidiary had
entered into an agreement to purchase a 50-percent interest in
UnoPaso, a joint venture that owns oil and natural gas assets in
Brazil from an affiliate of Unocal Corporation for $61 million
and up to $19 million in additional payments that are contingent
on attainment of certain natural gas price or volume thresholds.
El Paso currently accounts for its UnoPaso investment as an
equity interest. Following the completion of this transaction,
El Paso will own 100 percent of UnoPaso and will consolidate the
joint venture. The sale, is subject to approval by Unocal's
board of directors, and is expected to close on or before July
31, 2004. A copy of the press release is attached as Exhibit
99.A and is incorporated herein by reference.
Item 7. Financial Statements and Exhibits
---------------------------------
(c) Exhibits.
Exhibit
Number Description
------- -----------
99.A Press Release dated June 28, 2004.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized.
EL PASO CORPORATION
By: /s/Jeffrey I. Beason
------------------------
Jeffrey I. Beason
Senior Vice President
and Controller
(Principal Accounting Officer)
Dated: June 28, 2004
EXHIBIT INDEX
Exhibit
Number Description
------- -----------
99.A Press Release dated June 28, 2004.