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SNYDER OIL CLOSES OFFERING

 FORT WORTH, Texas, April 20 /PRNewswire/ -- Snyder Oil Corporation ("SOCO") today announced the sale of 4,140,000 depositary shares, each representing a one-quarter interest in a share of $6.00 Convertible Exchangeable Preferred Stock. Underwritten by The First Boston Corporation, Smith Barney, Harris Upham & Co. Incorporated, PaineWebber Incorporated and Petrie Parkman & Co., the $103.5 million of depositary shares pays a 6 percent dividend and is convertible into common stock at $21.00 per share. The depositary shares are listed on the New York Stock Exchange under the symbol "SNY PrA."
 SOCO is engaged in the production, development, acquisition and exploration of oil and gas properties and in natural gas processing and transportation. The company's common, convertible preferred shares, and depositary shares are traded on the New York Stock Exchange under the symbols "SNY," "SNY Pr" and "SNY PrA."
 -0- 4/20/93
 /CONTACT: Patti J. Irwin, vice president of Snyder Oil, 817-882-5902/
 (SNY)


CO: Snyder Oil Corporation ST: Texas IN: OIL SU: OFR

LR -- NY082 -- 8112 04/20/93 13:21 EDT
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Publication:PR Newswire
Date:Apr 20, 1993
Words:174
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