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SAMSON ENERGY COMPANY REPORTS HIGHER 1993 SECOND QUARTER EARNINGS AND REVENUE

 TULSA, Okla., Aug. 12 /PRNewswire/ -- Samson Energy Co. Limited Partnership (AMEX: SAM) announced today its financial results for the quarter and the six months ended June 30, 1993.
 Three-Month Financial Results
 Revenues for the three months ended June 30, 1993, were $6,016,000, a 20.7 percent increase compared to revenues of $4,982,000 for the three months ended June 30, 1992. Cash flow from operating activities for the current quarter increased by 49.8 percent to $3,068,000, compared to $2,047,000 for the second quarter of 1992. Based on average units outstanding, cash flow from operating activities for the second quarter of 1993 was $0.67 per unit compared to $0.45 per unit for the second quarter of 1992.
 Samson Energy's net income for the 1993 second quarter increased to $1,573,000 ($0.35 per unit) compared to net income of $308,000 ($0.07 per unit) for the second quarter of 1992.
 Six-Month Financial Results
 Revenues from oil and gas sales for the six months ended June 30, 1993, were $11,898,000 compared to $11,082,000 for the six months ended June 30, 1992. Cash flow from operating activities for the most recent six months was $6,568,000 ($1.44 per unit) compared to $5,140,000 ($1.13 per unit) for the six months ended June 30, 1992. Net income for the current six months was $2,795,000 ($0.61 per unit) compared to net income of $331,000 ($0.07 per unit) for the first six months of 1992.
 Commentary
 Second-quarter 1993 results benefited from significantly improved natural gas prices. Prices for natural gas averaged $2.00 per thousand cubic feet in the second quarter of 1993, up 47 percent from prices received in the same period in 1992. Average crude oil prices were relatively flat at $18.06 per barrel in the current quarter compared to $18.28 per barrel during the second quarter of 1992.
 Crude oil production in the second quarter of 1993 was 71,100 barrels compared to 71,500 barrels during the second quarter of 1992. Natural gas production for the current quarter fell by 5 percent from the comparable quarter in 1992 to 1.86 billion cubic feet of gas. The reduction in natural gas production is primarily attributable to the normal decline from existing properties.
 Samson Energy Co. is a publicly traded master limited partnership whose principal business activities include the development and operation of oil and gas properties and the acquisition of additional producing properties. Depositary receipts evidencing units are traded on the American Stock Exchange under the symbol SAM.
 SAMSON ENERGY CO. LIMITED PARTNERSHIP
 Statements of Operations
 Unaudited
 (In thousands, except per Unit data)
 Six Months Ended Three Months Ended
 June 30, June 30, June 30, June 30,
 1993 1992 1993 1992
 Revenues
 Oil and Gas Sales $ 9,862 $ 9,046 $ 4,998 $ 3,964
 Other Income 2,036 2,036 1,018 1,018
 Total Revenues $11,898 $11,082 $ 6,016 $ 4,982
 Expenses
 Oil and gas
 production $ 3,474 3,874 1,664 1,681
 General and
 administrative 648 614 365 349
 Depreciation, depletion, and
 amortization of oil and gas
 properties 4,592 5,646 2,256 2,364
 Interest 389 617 158 280
 Total Expenses $ 9,103 $10,751 $ 4,443 $ 4,674
 Net income $ 2,795 $ 331 $ 1,573 $ 308
 Net income per equivalent
 Unit 0.61 0.07 0.35 0.07
 Weighted average Units
 outstanding 4,463 4,442 4,463 4,445
 -0- 8/12/93
 /CONTACT: Dennis R. Neill, senior vice president and chief operating officer, of Samson Properties, 918-583-1791/
 (SAM)


CO: Samson Energy Co. Limited Partnership ST: Oklahoma IN: OIL SU: ERN

TM -- SF015 -- 2357 08/12/93 18:55 EDT
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Date:Aug 12, 1993
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