Printer Friendly

OKC LIMITED PARTNERSHIP RESPONDS TO INQUIRY REGARDING INCREASE IN UNIT VALUE

 OKC LIMITED PARTNERSHIP RESPONDS TO INQUIRY
 REGARDING INCREASE IN UNIT VALUE
 DALLAS, Jan. 24 /PRNewswire/ -- Cloyce K. Box, the general partner of OKC Limited Partnership (NASDAQ: OKC), upon inquiry as to the recent increase in the value of the OKC units, stated today that he had no specific knowledge other than the favorable reserve report recently received from Netherland, Sewell & Associates, Inc., which indicated a substantial increase of 55 percent in the present worth of its proved reserves over the amount for the same period last year and that in January, 1992, Well 87-3, the third well drilled on South Pass Block 87, encountered approximately 600 feet of gross sand interval before experiencing drilling difficulty.
 The well, which appears to have created a substantial areal extension of the field, is currently being sidetracked in an effort to avoid the problems experienced in the original hole. At the time the drilling problems were encountered, the well was still drilling in the targeted sand.
 Upon sidetracking this well, it is anticipated that a full scale production test will be performed in order to fully evaluate the producing potential of this reservoir. OKC Limited Partnership, Amerada Hess Corporation and Marathon Oil Company each own a 33 percent working interest in Block 87.
 -0- 1/24/92
 /CONTACT: Cloyce K. Box of OKC Limited Partnership, 214-890-8000/
 (OKC) CO: OKC Limited Partnership ST: Texas IN: OIL SU:


TS -- NY017 -- 3148 01/24/92 09:18 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 24, 1992
Words:241
Previous Article:INDIANA FEDERAL REPORTS 40 PERCENT INCREASE IN FOURTH QUARTER EARNINGS AND RECORD ANNUAL EARNINGS
Next Article:KIMBALL COMPLETES PURCHASE OF HARPERS
Topics:


Related Articles
MARATHON GROUP DRILLS SUCCESSFUL DELINEATION TO SOUTH PASS 87 DISCOVERY
MARATHON GROUP DRILLS SUCCESSFUL DELINEATION TO SOUTH PASS 87 DISCOVERY
OKC LIMITED PARTNERSHIP ANNOUNCED CASH DISTRIBUTION
OKC REPORTS INCREASE IN PROVED RESERVES
OKC LIMITED PARTNERSHIP ANNOUNCES CONVERSION TO BOX ENERGY CORPORATION MAY BE DELAYED
OKC LIMITED PARTNERSHIP ANNOUNCES CONVERSION TO BOX ENERGY CORPORATION MAY BE DELAYED
OKC LIMITED PARTNERSHIP MAKES ANNOUNCEMENT
OKC LIMITED PARTNERSHIP MAKES ANNOUNCEMENT
OKC LIMITED PARTNERSHIP ANNOUNCES TRANSFER TO BOX ENERGY CORPORATION
SANTA FE PACIFIC PIPELINE PARTNERS L.P. ANNOUNCES THAT ITS PREFERENCE UNITS BEGIN TRADING AS COMMON UNITS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters