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DORCHESTER HUGOTON LTD. REPORTS FIRST QUARTER RESULTS

 DALLAS, May 3 /PRNewswire/ -- Dorchester Hugoton, Ltd. (NASDAQ-NMS: DHULZ) announced today net earnings for the first quarter ended March 31, 1993, of $2,070,000 or 19 cents per unit compared to $468,000 or 4 cents per unit for the previous year's first quarter. Net operating revenues were $2,926,000 and $1,181,000, respectively.
 DORCHESTER HUGOTON, LTD.
 Three months ended 3/31/93 3/31/92 12/31/92
 Net operating revenues $2,926,000 $1,181,000 $1,591,000
 Net earnings 2,070,000 468,000 662,000
 Earnings per unit $.19 $.04 $.06
 Increased net operating revenues and net earnings are primarily a result of the market-responsive prices received for Oklahoma residue gas sales to Natural Gas Pipeline Company of America (NGPL), effective with January 1993 production. Litigation regarding the payments received for processing of the Partnership's Oklahoma gas production is continuing.
 Dorchester Hugoton, Ltd. is a Dallas-based producer of natural gas and its Depositary Receipts are traded on the NASDAQ National Market System under the symbol DHULZ.
 -0- 5/3/93
 /CONTACT: Preston A. Peak, president of P.A. Peak, Inc., general partner, 214-340-3443, for Dorchester Hugoton/
 (DHULZ)


CO: Dorchester Hugoton, Ltd. ST: Texas IN: OIL SU: ERN

CK -- NY103 -- 4010 05/03/93 17:17 EDT
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Date:May 3, 1993
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