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HADSON ANNOUNCES AGREEMENT TO SELL HERC INTEREST

 OKLAHOMA CITY, June 17 /PRNewswire/ -- Hadson Corporation (NYSE: HAD) today announced that it has executed a definitive agreement to sell its 49 percent (3 million shares) interest in Hadson Energy Resources Corporation ("HERC") to Apache Corporation (NYSE: APA).
 Terms of the agreement call for Hadson to receive $42 million in cash, which amount may be adjusted upward by as much as $3 million if certain conditions are met within a one-year period. Closing of the transaction is contingent upon the receipt of regulatory approval and satisfaction of certain other conditions.
 Hadson Corporation is a independent producer and supplier of energy products and services.
 -0- 6/17/93
 /CONTACT: J. Michael Adcock, president and chief executive officer of Hadson, 405-235-9531/
 (HAD APA)


CO: Hadson Corporation; Apache Corporation ST: Texas IN: OIL SU:

GK -- NY087 -- 3242 06/17/93 15:43 EDT
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Publication:PR Newswire
Date:Jun 17, 1993
Words:140
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