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BARRETT RESOURCES FILES OFFERING OF COMMON STOCK

 DENVER, Feb. 22 /PRNewswire/ -- Barrett Resources Corp. (NASDAQ-NMS: BARC) announced today the filing of a registration statement with the Securities and Exchange Commission for the sale of 1,750,000 shares of common stock to be issued by the company.
 The offering is being managed by Salomon Brothers Inc. and Petrie Parkman & Co. The company has granted the underwriters an option to purchase up to an additional 250,000 shares to cover over-allotments, if any.
 Proceeds will be used primarily to fund the company's development and exploitation activities and to repay indebtedness anticipated to be incurred for development drilling.
 Barrett Resources is an independent natural gas and oil exploration company that also is involved in gas trading activities and owns interests in gas gathering systems and a gas processing plant.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under securities laws of any such state.
 -0- 2/22/93
 /CONTACT: Donald H. Stevens or Carolyn Norland of Barrett Resources, 303-297-3900/
 (BARC)


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

MC -- DV003 -- 0045 02/22/93 13:38 EST
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Publication:PR Newswire
Date:Feb 22, 1993
Words:262
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