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:
January
31, 2006
(Date
of Earliest Event Reported: January 27, 2006)
EL
PASO CORPORATION
(Exact
name of Registrant as specified in its charter)
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Delaware
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1-14365
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76-0568816
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(State
or
other jurisdiction of
incorporation
or organization)
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(Commission
File Number)
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(I.R.S.
Employer
Identification
No.)
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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
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item 8.01
Other Events.
As
previously disclosed, on January 18, 2006, we made a presentation to analysts
to
provide a review of our 2006 operational and financial plan. The presentation
contained, among other things, information that has not been filed with the
Securities and Exchange Commission relating to our actual results for the year
ended December 31, 2005 with respect to our production and reserve data. In
connection with:
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the
registration statement (Registration No. 333-127797) relating to
the offer
and resale, from time to time, of up to 750,000 shares of our 4.99%
Convertible Perpetual Preferred Stock (liquidation preference $1,000
per
share), par value $0.01 per share, and the shares of our common stock,
par
value $3.00 per share, issuable upon the conversion of the preferred
stock; and
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the
Schedule
TO we filed with the Securities and Exchange Commission on January
27,
2006 relating to our offer to repurchase our Zero Coupon Convertible
Debentures due February 28,
2021,
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we
have determined, as of the date of this report, to “file” the below information
with the SEC regarding our fourth quarter 2005 production and year-end 2005
proved reserves:
Fourth
Quarter 2005 Production
Our
2005 fourth quarter actual production was 686 MMcfe/d, which excludes 73 MMcfe/d
of our proportionate interest in Four Star Oil & Gas Company. In addition,
it does not include 97 MMcfe/d of estimated production shut in due to
hurricanes.
Year-end
proved reserve reconciliation
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Total
El Paso Exploration & Production Segment
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Equivalent
Reserves (Bcfe)
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Beginning
balance December 31, 20041
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2,181
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Production
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(271)
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Sale
of reserves in place
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(25)
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Purchases
of reserves in place
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277
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Extensions,
discoveries, and other
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242
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Revisions
of previous estimates
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11
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Ending
balance December 31, 20052
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2,415
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Equity
Interest in Four Star Oil & Gas Company Proved Reserves3
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253
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1
Henry
Hub price of $6.22/MMBtu, West Texas Intermediate =
$43.45/Bbl
2
Henry
Hub price of $10.08/MMBtu, West Texas Intermediate =
$61.04/Bbl
3
The proved reserves attributable to our proportionate share of Four
Star
represent estimates prepared by El Paso and not those of Four
Star.
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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.
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EL
PASO CORPORATION
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By:
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/s/
John R. Sult
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John
R. Sult
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Senior
Vice President and Controller
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Dated:
January 31, 2006
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