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MITCHELL TO OFFER NEW SENIOR NOTES

 MITCHELL TO OFFER NEW SENIOR NOTES
 THE WOODLANDS, Texas, July 16 /PRNewswire/ -- Mitchell Energy &


Development Corp. (NYSE: MND) announced today that it will issue $100 million of 8 percent senior notes, priced at par, in a public offering scheduled to close on July 22.
 The notes are due July 15, 1999, and may not be redeemed prior to maturity. Underwriters are The First Boston Corporation; Goldman, Sachs & Co.; Merrill Lynch & Co.; and J. P. Morgan Securities Inc.
 The net proceeds from the sale of the notes will be used to reduce floating-rate bank debt of the company's energy and real estate subsidiaries.
 Mitchell Energy & Development Corp. is a large petroleum independent with sizable real estate interests in the Houston-Galveston area.
 -0- 7/16/92
 /CONTACT: Charles Simpson or Tony Lentini of Mitchell Energy & Development, 713-377-5650/
 (MND) CO: Mitchell Energy & Development Corp. ST: Texas IN: OIL SU: OFR


SH -- NY055 -- 9670 07/16/92 11:36 EDT
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Publication:PR Newswire
Date:Jul 16, 1992
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