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SAMSON ENERGY ANNOUNCES 1992 SECOND QUARTER FINANCIAL RESULTS

SAMSON ENERGY ANNOUNCES 1992 SECOND QUARTER FINANCIAL RESULTS
 TULSA, Okla. - Samson Energy Co. Limited Partnership (AMEX: SAM) announced today its financial results for the quarter and the six months ended June 30, 1992. Three-Month Financial Results
 Revenues from oil and gas sales for the three months ended June 30, 1992 were $3,964,000 compared to $4,295,000 for the three months ended June 30, 1991. In addition, for the second quarter of 1992 the company had other income received in connection with a gas contract settlement of $1,018,000 compared to $5,761,000 recorded in the second quarter of 1991. The $5,761,000 represented a lump-sum settlement amount while the $1,018,000 represents the quarterly payments to be received in connection with the settlement in each of the next several quarters, subject to certain adjustments. Cash flow from operating activities for the current quarter was $2,047,000 compared to $7,153,000 for the second quarter of 1991. Cash flow from operating activities in both quarters includes the contract settlement amounts described above. Based on average units outstanding, cash flow from operating activities for the second quarter of 1992 was $.45 per unit compared to $1.59 per unit for the second quarter of 1991.
 Samson Energy's net income for the 1992 second quarter was $308,000 ($.07 per unit) compared to net income of $3,912,000 ($.87 per unit) for the second quarter of 1991. Six-Month Financial Results
 Revenues from oil and gas sales for the six months ended June 30, 1992 were $9,046,000 compared to $9,057,000 for the six months ended June 30, 1991. Other income from the gas contact settlement totaled $2,036,000 for the first six months in 1992 compared to $5,761,000 for the same period in 1991. Cash flow from operating activities for the current six months was $5,140,000 ($1.13 per unit) compared to $10,102,000 ($2.25 per unit) for the six months ended June 30, 1991. Net income for the current six months was $331,000 ($.07 per unit) compared to net income of $3,071,000 ($.68 per unit) for the first six months of 1991. Commentary
 "Following the very weak first quarter 1992 average gas price of $1.26 per thousand cubic feet ("MCF"), average prices improved in the recent quarter to $1.36 per MCF. The average price was $1.27 per MCF in the second quarter of 1991. Average oil prices during the recent quarter were $18.28 per barrel compared to $18.10 per barrel in the first quarter of 1992 and $19.38 per barrel in the second quarter of 1991. We remain hopeful that average gas prices will continue to improve in the near future as demand increases and cooler weather approaches," stated Dennis Neill, Senior Vice President of Samson Properties Inc., the General Partner.
 Samson Energy Co. is a publicly traded master limited partnership whose principal business activities include the development and operation of oil and gas properties and the acquisition of additional producing properties. Depositary receipts evidencing units are traded on the American Stock Exchange under the symbol SAM.
 Samson Energy Limited Partnership
 Statements of Operations
 Unaudited
 (In thousands, except per Unit data)
 Six Months Ended Three Months Ended
 June 30 June 30 June 30 June 30
 1992 1991 1992 1991
 Revenues
 Oil and Gas Sales $ 9,046 $ 9,057 $ 3,964 $ 4,295
 Other Income 2,036 5,761 1,018 5,761
 Total Revenues $11,082 $14,818 $ 4,982 $10,056
 Expenses
 Oil and gas prod. $ 3,874 3,854 1,681 1,905
 General and admn 614 609 349 346
 Amortization of organization
 and software costs - 30 - 15
 Depreciation, depletion,
 and amortization of oil
 and gas properties 5,646 6,789 2,364 3,654
 Interest 617 465 280 224
 Total Expenses $10,751 $11,747 $ 4,674 $ 6,144
 Net income $ 331 $ 3,071 $ 308 $ 3,912
 Net income per equivalent
 Unit .07 .68 .07 .87
 Weighted average Units
 outstanding 4,442 4,406 4,445 4,410
 -0- 8/13/92
 /CONTACT: Dennis R. Neill of Samson Properties Inc., 918-583-1791/
 (SAM) CO: Samson Energy Company ST: Oklahoma IN: OIL SU: ERN


RM -- SF024 -- 9797 08/13/92 18:23 EDT
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Date:Aug 13, 1992
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