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HS RESOURCES ANNOUNCES $57.5-MILLION 1993 CAPITAL EXPENDITURE PROGRAM

 SAN FRANCISCO, March 24 /PRNewswire/ -- HS Resources Inc. (NASDAQ-NMS: HSRS) today announced that it has planned a 1993 capital expenditure program totaling $57.5 million. In 1992, the company completed a capital expenditure program of $43 million. HS Resources Inc. anticipates that the 1993 amount will be used for the following:
 -- $51.5 million for the Wattenberg Development Project
 -- 186 Codell-Niobrara wells;
 -- nine J-Sand wells;
 -- 65 recompletions; and
 -- nine mini-gathering systems.
 -- $6.0 million for new projects.
 HS Resources Inc., based in San Francisco, is an independent oil and gas operator with development, exploitation and production operations focused in the Wattenberg Field area of Colorado's Denver-Julesburg Basin. The company's common stock trades on the NASDAQ National Market System under the symbol HSRS.
 -0- 3/24/93
 /CONTACT: Theodore Gazulis of HS Resources, 415-433-5795/
 (HSRS)


CO: HS Resources Inc. ST: California IN: OIL SU:

GT-LM -- SF003 -- 8944 03/24/93 08:00 EST
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Publication:PR Newswire
Date:Mar 24, 1993
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