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MAXUS ENERGY FILES SHELF REGISTRATION FOR $350 MILLION OF DEBT SECURITIES

 MAXUS ENERGY FILES SHELF REGISTRATION
 FOR $350 MILLION OF DEBT SECURITIES
 DALLAS, July 27 /PRNewswire/ -- Maxus Energy Corporation (NYSE: MXS) today filed a shelf registration statement with the Securities and Exchange Commission for a proposed public offering of up to $350 million of debt securities. The company has named the First Boston Corporation, Shearson Lehman Brothers Inc. and Merrill Lynch, Pierce, Fenner & Smith Inc. as potential underwriters/agents for sale of the debt securities.
 The proceeds of the debt securities will be available for general corporate purposes, including refinancing outstanding indebtedness.
 "The filing will increase the corporation's flexibility in responding to market opportunities for refinancing maturing outstanding debt and debt callable within the next few years," said Mike Barron, vice president and chief financial officer.
 Dallas-based Maxus Energy Corporation is a large independent oil and gas exploration and production company with activities in 15 countries, including the United States.
 /NOTE: The registration statement relating to these securities has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. When available, a written prospectus may be obtained from the Communications Department, Maxus Energy Corporation, 717 N. Harwood St., Dallas, Texas 75201./
 -0- 7/27/92
 /CONTACT: Linda Covington, media, 214-953-2844, or Jeff Ventura, analysts, 214-953-2819, both of Maxus Energy/
 (MXS) CO: Maxus Energy Corporation ST: Texas IN: OIL SU:


KD -- NY047 -- 3441 07/27/92 10:54 EDT
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Publication:PR Newswire
Date:Jul 27, 1992
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