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NUEVO PURCHASES GAS GATHERING SYSTEM

 HOUSTON, Jan. 25 /PRNewswire/ -- Nuevo Energy Company (NYSE: NEV) announced that it had recently completed the purchase of 80 percent of the stock of Bright Star Gathering, Inc. from Lasmo, Inc. for $6,320,000.
 The purchase provides Nuevo with a 72 percent partnership interest in a 150-mile gas gathering system serving the Alabama Ferry area of Leon County, Texas. The balance of the partnership is owned 18 percent by a Nuevo affiliate, and 10 percent by Continental Natural Gas of Tulsa, Okla.
 The system was constructed in 1985 and is currently gathering approximately 13.0 MMCF/D of casinghead gas from 152 wells. Nuevo paid approximately $5.48 million in cash at the December closing with the balance held in escrow pending settlement of certain issues.
 Nuevo President, Robert L. Gerry III, stated: "This is an excellent opportunity. Not only will we recoup our investment in less than three years at current throughput, but due to our thorough knowledge of the Alabama Ferry Field we should be able to add additional gas supply to the system."
 Nuevo Energy is an independent oil and gas company primarily engaged in the production, development, exploration and acquisition of oil and gas properties.
 -0- 1/25/93
 /CONTACT: Lisa Elliott of Nuevo Energy, 713-652-0706/
 (NEV)


CO: Nuevo Energy Company; Bright Star Gathering, Inc. ST: Texas IN: OIL SU: TNM

BR-RA -- AT013 -- 8535 01/25/93 13:09 EST
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Publication:PR Newswire
Date:Jan 25, 1993
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