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PATRICK PETROLEUM REPORTS SUCCESSFUL WELL IN TEXAS

 JACKSON, Mich., July 23 /PRNewswire/ -- Patrick Petroleum Company (NYSE: PPC) reported that it has successfully completed the Hambrick No. 1 well located in Dawson County, Texas. The well, drilled to a total depth of 9,269 feet, tested at a rate of 193 barrels of oil per day on a 12/64ths-inch choke with 558 pounds per square inch of flowing tubing pressure. Patrick is the operator of this well and has a 25-percent working interest. Other working interest owners are TMBR/Sharp Drilling with a 25-percent working interest and Holly Petroleum, Inc. with a 50-percent working interest.
 "We are extremely pleased with the test results of this well. It confirms our ongoing exploration play in the Pennsylvanian Reef Trend of West Texas. The company has over 300 square miles of three-dimensional seismic data and has identified over 150 prospects in this area," said Mr. U.E. Patrick, company president.
 Patrick Petroleum Company is an independent exploration and production company listed on the New York Stock Exchange since 1976. The company has interests in producing properties and undeveloped acreage in 13 states, including various interests in approximately 528 oil and gas wells located primarily in Michigan, North Dakota, Texas, Oklahoma and Louisiana.
 -0- 7/23/93
 /CONTACT: Phillip J. McAndrews of Patrick Petroleum, 517-787-6633; or Woody Wallace of The Investor Relations Company, 708-564-5610, for Patrick Petroleum/
 (PPC)


CO: Patrick Petroleum Company ST: Michigan, Texas IN: OIL SU: DSC

SB -- DE018 -- 5114 07/23/93 11:43 EDT
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Publication:PR Newswire
Date:Jul 23, 1993
Words:247
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