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HAWKINS ENERGY ANNOUNCES RESULTS FOR SECOND QUARTER

 HAWKINS ENERGY ANNOUNCES RESULTS FOR SECOND QUARTER
 TULSA, Okla., Aug. 14 /PRNewswire/ -- Hawkins Energy Corp. (NASDAQ: HECI) today reported a net loss of $47,000 ($.01 per share) for the second quarter of 1992, compared with net loss of $29,000 ($.01 per share) for the second quarter of 1991. During the first six months of 1992, the company reported a net loss of $152,000 ($.04 per share) compared to a $59,000 ($.02 per share) loss during the first half of 1991.
 The company reported revenues of $1,089,000 for the second quarter of 1992, a 38 percent decrease over the second quarter of 1991. Revenue from compressor sales and remanufacturing services were adversely affected by the steep decline in natural gas spot market prices incurred during February 1992. For the first six months of 1992, revenues were $2,222,000 which is 25 percent lower than the first half of 1991.
 Hawkins Energy Corp. is a Tulsa-based, publicly traded energy company engaged in oil and gas production and the sales, remanufacturing and leasing of gas compressors through its wholly owned subsidiary,
Equity Compressors Inc. Hawkins Energy's common shares are listed on


NASDAQ under the symbol HECI. The company currently has 3,958,974 outstanding shares of common stock.
 HAWKINS ENERGY
 Three Months Ended Six Months Ended
 June 30, June 30,
 1992 1991 1992 1991
 (In thousands except (In thousands except
 per share amounts) per share amounts)
 Revenues $ 1,089 $ 1,778 $ 2,222 $ 2,983
 Net Income (Loss) (47) (29) (152) (59)
 Net Income (Loss)
 Per Share $ (.01) $ (.01) $ (.04) $ (.02)
 Weighted Average
 Common Shares
 Outstanding 3,959 3,959 3,959 3,921
 -0- 8/14/92
 /CONTACT: Clifford S. Lewis of Hawkins Energy, 918-587-5815/
 (HECI) CO: Hawkins Energy ST: Oklahoma IN: OIL SU: ERN


RM -- SF008 -- 0254 08/14/92 17:54 EDT
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Publication:PR Newswire
Date:Aug 14, 1992
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