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DIAMOND SHAMROCK OFFSHORE PARTNERS DECLARES CASH DISTRIBUTION

 DALLAS, July 27 /PRNewswire/ -- The board of directors of the managing general partner of Diamond Shamrock Offshore Partners (NYSE: DSP) (DSP) declared a quarterly distribution by DSP of $.12 cents per unit. This cash distribution is payable Sept. 7, 1993, to unitholders of record on Aug. 13, 1993.
 Consistent with the previously announced policy, cash distributions for DSP are based on the levels of distributable cash generated by the partnership. Distributable cash is defined as net cash provided by operating activities plus proceeds from sale of assets, less expenditures for oil and gas properties and equipment, including dry- hole costs, a reserve for any short-term capital and operating requirements, and other obligations of the partnership.
 -0- 7/27/93
 /CONTACT: Peter Dallas of Diamond Shamrock, 214-953-2083/
 (DSP)


CO: Diamond Shamrock Offshore Partners ST: Texas IN: OIL SU: DIV

LD -- NY105 -- 6508 07/27/93 18:41 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
Words:147
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