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HADSON ANNOUNCES CONFIRMATION OF REORGANIZATION PLAN

 OKLAHOMA CITY, Nov. 30 ~PRNewswire~ -- Hadson Corporation (NYSE: HAD) announced that the Federal Bankruptcy Court for the Western District of Oklahoma has today confirmed Hadson's plan of reorganization. Hadson had filed its bankruptcy petition and its "pre- packaged" plan of reorganization on Oct. 15, 1992. Hadson expects to consummate the plan shortly after the statutory 10 day appeal period passes.
 J. Michael Adcock, president of Hadson, commented, "This is an enormous accomplishment from our efforts over the last two years to reorganize Hadson and restore financial stability and profitability to the company. We are very grateful to our employees, stockholders, creditors and business associates for their support and patience throughout this difficult process. There are exciting opportunities available to Hadson in our core energy businesses and we believe this reorganization will allow Hadson to take advantage of them."
 Hadson Corporation is an independent producer and supplier of energy products and services. Hadson has continuing operations in natural gas and gas liquids through its subsidiary Hadson Energy Products and Services, Inc. (HEPSI). HEPSI is not a party to Hadson Corporation's debt agreements and is not a party to Hadson's bankruptcy proceedings.
 -0- 11~30~92
 ~CONTACT: J. Michael Adcock, president and CEO of Hadson Corporation, 405-235-9531~
 (HAD)


CO: Hadson Corporation ST: Oklahoma IN: OIL SU: BCY

SM -- NY065 -- 2051 11~30~92 16:06 EST
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Publication:PR Newswire
Date:Nov 30, 1992
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