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EQUITABLE RESOURCES COMMON STOCK OFFERING EFFECTED

 PITTSBURGH, Sept. 22 /PRNewswire/ -- Equitable Resources, Inc. (NYSE: EQT) today announced a public offering of 2.7 million newly issued shares of its common stock at a price of $38.50 per share.
 The company said that 2.4 million shares are being offered in the United States and Canada through an underwriting group managed by CS First Boston, Morgan Stanley & Co. Incorporated and Smith Barney Shearson Inc. The international offering of 300,000 shares will be managed by CS First Boston, Morgan Stanley International and Smith Barney Shearson Inc. The underwriters have an option for 30 days to purchase up to 300,000 additional shares from the company to cover over-allotments, if any.
 Proceeds from the offering will be used to retire a portion of the short-term debt incurred to fund Equitable's recent acquisition of Louisiana Intrastate Gas Corporation.
 Equitable Resources is a diversified energy company actively engaged in the exploration, development and production of natural gas and crude oil; the storage, transportation, marketing and distribution of natural gas; and the processing of natural gas liquids.
 A written prospectus may be obtained by contacting CS First Boston, 55 East 52nd St., New York, NY 10055, Attention: Prospectus Department: telephone no. 212-909-2580.
 -0- 9/22/93
 /CONTACT: Brian Plante of Equitable Resources, 412-553-5911/
 (EQT)


CO: Equitable Resources, Inc. ST: Pennsylvania IN: OIL SU: OFR

CD-DM -- PG002 -- 4541 09/22/93 09:04 EDT
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Publication:PR Newswire
Date:Sep 22, 1993
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