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PATRICK PETROLEUM COMPANY DECLARES PREFERRED DIVIDEND

 JACKSON, Mich., Sept. 1 /PRNewswire/ -- The board of directors of Patrick Petroleum Company (NYSE: PPC) today declared a regular quarterly cash dividend of $0.20 per share on its Series B Convertible Preferred Stock. The dividend will be paid Sept. 30, 1993, to stockholders of record as of Sept. 15, 1993. The preferred stock is listed on NASDAQ under the symbol PPCBP.
 Patrick Petroleum Company is an independent exploration and production company listed on the New York Stock Exchange since 1976. The company has interests in producing properties and undeveloped acreage in 14 states, including various interests in approximately 1,015 oil and gas wells located primarily in Michigan, North Dakota, Texas, Oklahoma and Louisiana.
 -0- 9/1/93
 /CONTACT: Phillip J. McAndrews of Patrick Petroleum, 517-787-6633; or Woody Wallace of The Investor Relations Company, 708-564-5610, for Patrick Petroleum/
 (PPC PPCB)


CO: Patrick Petroleum Company ST: Michigan IN: OIL SU: DIV

SB -- DE008 -- 7846 09/01/93 10:03 EDT
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Publication:PR Newswire
Date:Sep 1, 1993
Words:160
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