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SAMSON ENERGY COMPANY ANNOUNCES 1992 FIRST QUARTER CASH DISTRIBUTION

SAMSON ENERGY COMPANY ANNOUNCES 1992 FIRST QUARTER CASH DISTRIBUTION
 TULSA, Okla., Feb. 19 /PRNewswire/ -- Samson Energy Co. Limited Partnership (AMEX: SAM) announced today its declaration of a cash distribution in the amount of $.25 per unit payable on March 31, 1992, to unitholders of record on February 29, 1992. A total of 4,438,417 units are outstanding.
 This distribution amount represents a decrease of $.15 per unit from the company's previous cash distribution. The decision to reduce the distribution is based on the company's lower cash flows created by continued declines in the market price of natural gas. In addition to cash distributions, cash flow is used to acquire reserves through producing property acquisitions and development drilling as well as debt reduction.
 This distribution represents the company's 25th consecutive quarterly distribution since its formation in 1986. Total cash distributed to unitholders over this period is $34,776,000, or $10.15 per unit.
 "In light of low prices for natural gas and crude oil, prudent financial management dictates the new level of cash distributions. While Samson Energy, along with the rest of the natural gas industry, remains disappointed with current prices and reduced cash flow, we look forward to an improved market and demand. Natural gas is an undervalued commodity in today's energy marketplace," stated Dennis R. Neill, senior vice president of Samson Properties Incorporated, 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.
 -0- 2/19/92
 /CONTACT: Dennis R. Neill of Samson Energy Co., 918-583-1791/
 (SAM) CO: Samson Energy Co. ST: Oklahoma IN: OIL SU: DIV


RM -- SF016 -- 0636 02/19/92 16:46 EST
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Publication:PR Newswire
Date:Feb 19, 1992
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