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ENSERCH EXPLORATION PARTNERS, LTD. ANNOUNCES THIRD-QUARTER RESULTS

 DALLAS, Oct. 28 /PRNewswire/ -- Enserch Exploration Partners, Ltd. (NYSE: EP) has announced third quarter 1993 net income of $548,000, compared with a net loss of $862,000 for the like period a year earlier. The net income per unit was 1 cent versus a net loss of 1 cent per unit for the year-ago period.
 Third-quarter weighted average units outstanding were 102.5 million, unchanged from a year ago. At Sept. 30, 1993, ENSERCH Corporation (NYSE: ENS) owned 101.7 million units, or 99.2 percent, of the total partnership units outstanding.
 Net cash flows from operating activities were $39 million for the third quarter, compared with $24 million a year earlier. Net cash flows provided from changes in current operating assets and liabilities were $17 million for the third quarter of 1993, compared with $7.9 million during the 1992 period.
 Third-quarter 1993 operating income was $7.3 million, compared with $4.3 million for the third quarter of 1992. Revenues for the third quarter of 1993 were $48 million, compared with $41 million for the year-ago period.
 Natural-gas sales volumes (net) for the third quarter of 1993 were 18.5 billion cubic feet (Bcf), up from 16.3 Bcf for the like period of 1992. The average sales price was $2.10 per thousand cubic feet (Mcf), compared with $1.78 per Mcf in the third quarter of 1992.
 Oil sales volumes (net) were 488 thousand barrels (MBbls) for the third quarter, down from 505 MBbls for the like period a year ago. The average sales price of $16.08 per barrel declined from $20.15 during the year-earlier period.
 For the first nine months of 1993, EP's net income was $2.7 million, or 3 cents per unit, compared with a net loss of $4.7 million, or a 5-cent loss per unit, for the same period in 1992. Nine-month operating income was $22 million versus $10 million for the first nine months of 1992.
 Nine-month revenues were $135 million, compared with $122 million for the year-earlier period.
 Enserch Exploration Partners, Ltd., a Texas limited partnership, conducts substantially all the domestic oil and gas operations of ENSERCH Corporation, an integrated natural-gas company headquartered in Dallas.
 ENSERCH EXPLORATION PARTNERS, LTD.
 SUMMARY OF OPERATIONS
 (In thousands except per unit amounts)
 Three Months Ended Sept. 1993 1992
 Revenues $47,638 $41,224
 Operating income 7,267 4,346
 Net income (loss) 548 (862)
 Net income (loss) per unit .01 (.01)
 Net cash flows from operating
 activities (A) 38,832 24,492
 Wtd. avg. units outstanding 102,500 102,500
 (A) In the third quarter of 1993, $17,219,000 was provided from changes in
current operating assets and liabilities, compared with $7,852,000 in the third quarter of 1992.
 Nine Months Ended Sept. 30 1993 1992
 Revenues $35,102 $122,011
 Operating income 21,545 10,112
 Net income (loss) 2,651 (4,739)
 Net income (loss) per unit .03 (.05)
 Net cash flows from operating
 activities (A) 73,556 64,432
 Weighted average units outstg. 102,500 102,500
 (A) In the nine months ended Sept. 30, 1993, $13,249,000 was provided from changes in current operating assets and liabilities, compared with $15,263,000 in the nine-month period last year.
 -0- 10/28/93
 /NOTE TO EDITORS: Correct styles are ENSERCH Corporation and Enserch Exploration Partners, Ltd./
 /CONTACT: Crystal Bell, director of financial communications, Enserch Exploration Partners, Ltd., 214-670-2528/
 (EP ENS)


CO: ENSERCH Corporation; Enserch Exploration Partners, Ltd. ST: Texas IN: OIL SU: ERN

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Date:Oct 28, 1993
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