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BARRETT RESOURCES SELLS INTERESTS IN WATTENBERG FIELD

 DENVER, Aug. 9 /PRNewswire/ -- Barrett Resources Corp. (NASDAQ-NMS: BARC) announced today that it has agreed to sell most of its oil and gas properties located in the Wattenberg Field of Colorado to Snyder Oil Corp. The sale also includes all of Barrett's gas processing plant and related gas gathering system in the Wattenberg Field. Barrett will receive approximately $18 million, subject to adjustments, for these interests. William J. Barrett, chief executive officer, stated that the company will utilize the sale proceeds for exploration, development and acquisition activity in the Arkoma Basin of Oklahoma, the Piceance Basin of Colorado and other areas.
 Barrett Resources is a Denver-based independent oil and gas exploration company that is also involved in gas gathering systems and gas trading activities. The company's stock is traded on the NASDAQ National Market System with the symbol BARC.
 -0- 8/9/93
 /CONTACT: Donald H. Stevens or Carolyn Norland of Barrett Resources, 303-297-3900/
 (BARC)


CO: Barrett Resources Corp.; Snyder Oil Corp. ST: Colorado, Oklahoma IN: OIL SU:

BB -- DV001 -- 0636 08/09/93 09:15 EDT
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Publication:PR Newswire
Date:Aug 9, 1993
Words:177
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