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HADSON ENERGY RESOURCES CORPORATION ANNOUNCES GAS CURTAILMENT

 OKLAHOMA CITY, Okla., May 26 /PRNewswire/ -- Hadson Energy Resources Corporation (AMEX: HDX) today announced that the State Energy Commission of Western Australia (SECWA) has temporarily reduced purchases of gas from its Harriet Gas Gathering Project off the northwest coast of Australia. This curtailment will continue through the end of June and is expected to reduce second quarter gas and liquids production by approximately 240 million equivalent cubic feet.
 Although the company's recognition of revenues associated with the curtailed volumes will be deferred, it will continue to be paid for this gas under the take-or-pay provisions of its contract with SECWA. The impact on the company's earnings and cash position for the second quarter is not expected to be material. SECWA has indicated its intention to makeup these curtailed volumes during the second half of the year.
 Hadson Energy Resources Corporation is an energy company engaged in domestic and international crude oil and natural gas acquisition, exploration, development and production.
 -0- 5/26/93
 /CONTACT: William C. Rankin, senior vice president and chief financial officer of Hadson Energy Resources Corporation, 405-235-9531, or Warren C. Shimmerlik of Shimmerlik Corporate Communications, Inc., 212-247-5200, for Hadson Energy Resources Corporation/
 (HDX)


CO: Hadson Energy Resources Corporation ST: Oklahoma IN: OIL SU:

TM -- NY066 -- 2596 05/26/93 16:26 EDT
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Publication:PR Newswire
Date:May 26, 1993
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