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EQUITY OIL COMPANY ANNOUNCES SEMI-ANNUAL DIVIDEND

 SALT LAKE CITY, Feb. 25 /PRNewswire/ -- Equity Oil Company (NASDAQ: EQTY) at its board of directors meeting held Feb. 24, declared a semi-annual dividend of 5 cents per share.
 This dividend will be payable on April 5, 1993, to shareholders of record on March 26, 1993. This represents a 5 cent reduction from the prior payment in October 1992. The board believed the reduction was prudent to assure adequate cash reserves for the company's 1993 domestic and foreign exploration budget.
 Equity Oil, headquartered in Salt Lake City, is an independent oil and gas exploration and development company that operates and explores in nine western states, Canada and Russia.
 -0- 2/25/93
 /CONTACT: Fred H. Evans or Paul M. Dougan of Equity Oil Company, 801-521-3515, or Marisa A. Heine or Jennifer R. Wall of D.F. King & Co., Inc., 212-269-5550, for Equity Oil Company/
 (EQTY)


CO: Equity Oil Company ST: Utah IN: OIL SU: DIV

CK-OS -- NY046 -- 7725 02/25/93 12:10 EST
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Publication:PR Newswire
Date:Feb 25, 1993
Words:164
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