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DELTA PETROLEUM ACQUIRES PROPERTIES IN PICEANCE BASIN

 DENVER, Nov. 3 /PRNewswire/ -- Delta Petroleum Corp. (NASDAQ: DPTR) has entered into agreements with several parties to acquire five gas wells, oil and gas leases covering 11,862 gross and 6,920 net acres and options to lease an additional 2,493 gross and 2,203 net acres in the Piceance Basin in Mesa and Rio Blanco counties, Colo.
 The terms of the acquisition include certain drilling commitments related to the options and the issuance by Delta of 38,272 shares of its restricted common stock. Delta is currently negotiating for the acquisition of additional wells, leases and options in the same area.
 Delta Petroleum is an oil and gas exploration and development company based in Denver. Delta's holdings include interests in producing properties in Oklahoma, Colorado and Texas and proven undeveloped units located offshore California.
 -0- 11/3/93
 /CONTACT: MDC Group, 303-446-8440/
 (DPTR)


CO: Delta Petroleum Corp. ST: Colorado IN: OIL SU:

MC -- DV002 -- 0015 11/03/93 09:39 EST
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Publication:PR Newswire
Date:Nov 3, 1993
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