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CODA ENERGY INCREASES CREDIT FACILITY

 DALLAS, May 26 /PRNewswire/ -- Coda Energy, Inc. (NASDAQ-NMS: CODA) announced today that NationsBank of Texas, N.A. has agreed to increase the amount of the company's credit facility from $50 million to $100 million and extend the final maturity of the facility to May 31, 1997. Any loans under the facility are subject to borrowing base limitations as authorized by NationsBank.
 In addition, Bank One, Texas, N.A. has agreed to take a 25 percent portion of the entire credit facility. Doug Miller, chairman, said, "We are pleased to have a quality bank with the reputation of Bank One included on our team and we look forward to working jointly with NationsBank and Bank One."
 Coda Energy, Inc. is an oil and gas acquisition, development and production company headquartered in Dallas with principal operations in Texas, Colorado and Oklahoma. The company's stock is traded on the NASDAQ National Market System under the symbol CODA.
 Additional information about Coda Energy, Inc. should be obtained by contacting the company's president, Ted Eubank, at Coda's headquarters, 5735 Pineland Drive, Suite 300, Dallas, Texas, 75231; telephone, 214-692-1800 or 800-486-2632.
 -0- 5/26/93
 /CONTACT: Ted Eubank, president of Coda Energy, Inc., 214-692-1800, or 800-486-2632/
 (CODA)


CO: Coda Energy Inc. ST: Texas IN: OIL SU:

CK -- NY030 -- 2414 05/26/93 11:32 EDT
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Publication:PR Newswire
Date:May 26, 1993
Words:219
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