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BARRETT RESOURCES CORP. OFFERING PRICED AT $10.25 PER SHARE

 DENVER, March 25 /PRNewswire/ -- Barrett Resources Corp. (NASDAQ: BARC) announced today that it has completed the sale of 2,000,000 shares of common stock in a public offering managed by Salomon Brothers Inc. and Petrie Parkman & Co. Inc. Included in the sale was the underwriters' exercise of their over-allotment option to purchase 250,000 shares.
 The net proceeds to the company, which are anticipated to be approximately $18,980,000, will be used primarily to fund the company's development and exploitation activities and to repay $1,300,000 indebtedness recently incurred for development drilling.
 Barrett Resources Corp. is an independent natural gas and oil exploration and production company that also is involved in gas trading activities and owns interests in gas gathering systems and a gas processing plant.
 -0- 3/25/93
 /CONTACT: Donald H. Stevens or Carolyn Norland of Barrett Resources, 303-297-3900/
 (BARC)


CO: Barrett Resources Corp. ST: Colorado IN: OIL SU: OFR

BP-KJ -- DV005 -- 9621 03/25/93 13:12 EST
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Publication:PR Newswire
Date:Mar 25, 1993
Words:164
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