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McFARLAND ENERGY INCREASES BANK LINE TO $10 MILLION

 SANTA FE SPRINGS, Calif., April 16 /PRNewswire/ -- McFarland Energy Inc. (NASDAQ-NMS: MCFE) today announced that it has increased its unsecured line of credit with a major bank to $10 million from $5 million under the previous agreement which was scheduled to expire on May 31, 1993.
 The revolving line of credit is to be used principally for oil- and gas-producing property acquisitions. The expanded line of credit will provide the company with greater flexibility in its pursuit of producing properties.
 McFarland Energy Inc. is an independent oil and gas exploration and production company headquartered in Santa Fe Springs. Its stock is listed on NASDAQ's National Market System.
 -0- 4/16/93
 /CONTACT: Ron Yoshihara, VP-finance of McFarland Energy, 310-944-0181/
 (MCFE)


CO: McFarland Energy Inc. ST: California IN: OIL SU:

KJ-LS -- LA008 -- 6648 04/16/93 10:00 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
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