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SEAGULL ENERGY ANNOUNCES PUBLIC OFFERING

 HOUSTON, Feb. 2 /PRNewswire/ -- Seagull Energy Corporation (NYSE: SGO) announced today that the Securities and Exchange Commission declared effective Seagull's registration statement filed in connection with the public offering of 4.4 million shares of common stock, increased from an original filing of 4.0 million shares, at a price of $33.75 per share.
 Proceeds from the sale will be used to repay substantially all of a $150 million term loan incurred in connection with Seagull's recent acquisition of Arkla Exploration Company.
 Representatives for the underwriters in the U.S. portion of the offering were Donaldson, Lufkin & Jenrette Securities Corporation, The First Boston Corporation, Lehman Brothers, Smith Barney, Harris Upham & Co. Incorporated and Howard, Weil, Labouisse, Friedrichs Incorporated. In the international phase of the offering, the lead managers were Donaldson, Lufkin & Jenrette Securities Corporation, Credit Suisse First Boston Limited, Lehman Brothers International, Smith Barney, Harris Upham & Co. Incorporated and Howard, Weil, Labouisse, Friedrichs Incorporated.
 Copies of the prospectus are available from the company at 1700 First City Tower, 1001 Fannin St., Houston, Texas, 77002, Attention: Investor Relations.
 -0- 2/2/93
 /CONTACT: Alan Payne of Seagull Energy Corporation, 713-951-4700/
 (SGO)


CO: Seagull Energy Corporation ST: Texas IN: OIL SU: OFR

CK -- NY030 -- 1771 02/02/93 10:51 EST
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Publication:PR Newswire
Date:Feb 2, 1993
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