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SEAGULL ENERGY CORPORATION MAKES ANNOUNCEMENT

 HOUSTON, June 28 /PRNewswire/ -- Seagull Energy Corporation (NYSE: SGO) today filed a shelf registration statement with the Securities and Exchange Commission to issue up to $350 million in debt securities.
 The shelf registration statement provides for the issuance of senior and/or senior subordinated notes from time to time in the future, and the timing of any such issuances would depend primarily on market conditions.
 A supplement to the prospectus filed today will be filed at the time of future issuances with more specific details. The offering will be made only by means of the prospectus supplement. The registration statement provides that, except as otherwise provided in a prospectus supplement, net proceeds from any such offering will be used for general corporate purposes.
 The registration statement has not yet become effective. The debt securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification of the notes under the securities laws of any such state.
 Copies of the prospectus, as well as any related supplement when available, may be obtained by contacting the director of investor relations of the company.
 -0- 6/28/93
 /CONTACT: Robert W. Shower of Seagull Energy Corporation, 713-951-4700/
 (SGO)


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

TM -- NY084 -- 6472 06/28/93 18:15 EDT
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Publication:PR Newswire
Date:Jun 28, 1993
Words:268
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