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KERR-MCGEE IS HIGH BIDDER ON EIGHT OFFSHORE BLOCKS

 OKLAHOMA CITY, March 24 /PRNewswire/ -- Kerr-McGee Corp. (NYSE: KMG) and partners were high bidders on eight blocks offshore Louisiana in today's federal oil and gas lease sale.
 Kerr-McGee's share of the $2,696,350 in bids for eight blocks was $2,474,762, and the company will be the operator for seven of the blocks. The bids are subject to approval by the U.S. Interior Department's Minerals Management Service.
 Kerr-McGee's interest in the blocks range from 50 percent to 100 percent. The blocks are in water depths ranging from 25 feet to 2,300 feet at a distance from shore of 12 to 85 miles.
 Award of these blocks will increase the company's undeveloped leaseholdings in the Gulf of Mexico by approximately 29,890 net acres to more than 287,500 net acres.
 -0- 3/24/93
 /CONTACT: Dow Dozier of Kerr-McGee, 405-270-2877/
 (KMG)


CO: Kerr-McGee Corp. ST: Oklahoma, Louisiana IN: OIL SU:

BB -- DV001 -- 9254 03/24/93 16:33 EST
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Publication:PR Newswire
Date:Mar 24, 1993
Words:163
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