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HAWKINS ENERGY CLOSES ACQUISITION

 TULSA, Okla., July 14 /PRNewswire - Hawkins Energy Corp. (NASDAQ: HECI) today announced that it has closed the acquisition of Owens Compression Services Inc. Total consideration included the issuance of 3.1 million shares of Hawkins Energy common stock. After the closing, the total outstanding shares of Hawkins Energy common stock totalled 12.7 million. Owens Compressor's rental fleet totals 96 compressors, with about 10,000 horsepower primarily serving the East Texas and North Louisiana markets.
 Currently, Hawkins Energy conducts its gas compression business through three wholly owned subsidiaries, Equity Compressors Inc., which is based in Oklahoma City; Mid-South Compressors based in Columbia, Miss.; and Owens Compression Services based in Kilgore, Texas. Hawkins Energy's gas compression business includes a rental fleet of 448 compressor units totalling 46,000 horsepower serving the gas producing regions of Alabama, Mississippi, North Louisiana, East Texas, Arkansas, Oklahoma, Kansas and the Texas Panhandle.
 Hawkins Energy is a Tulsa-based, publicly traded energy company engaged in oil and gas production and leasing, sales and remanufacturing of gas compression equipment through its wholly owned subsidiaries, Equity Compressors Inc., Mid-South Compressors Inc. and Owens Compression Services Inc. Hawkins Energy's common shares are listed on NASDAQ under the symbol HECI, and are carried in the "NASDAQ Small-Cap Issues" section of many financial publications under the abbreviation "HwkEn".
 -0- 7/14/93
 /CONTACT: Clifford S. Lewis, vice president, treasurer and secretary of Hawkins Energy, 918-587-5815/
 (HECI)


CO: Hawkins Energy Corp.; Owens Compression Services Inc. ST: Oklahoma IN: OIL SU: TNM

GT -- SF015 -- 1621 07/14/93 17:04 EDT
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Publication:PR Newswire
Date:Jul 14, 1993
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