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SEAGULL ENERGY FILES REGISTRATION STATEMENT

 SEAGULL ENERGY FILES REGISTRATION STATEMENT
 HOUSTON, Nov. 8 /PRNewswire/ -- Seagull Energy Corporation


(NYSE: SGO) announced today that it has filed a registration statement with the Securities and Exchange Commission to offer two million shares of its common stock.
 The company said proceeds from the proposed offering initially will be used to reduce debt, thus enabling Seagull to more fully exploit growth opportunities, including both capital projects related to its existing operations and potential acquisitions.
 Representatives for the underwriters in the U.S. and Canadian portion of the proposed offering are The First Boston Corporation; Donaldson, Lufkin & Jenrette Securities Corporation; Lehman Brothers; Smith Barney, Harris Upham & Co. Incorporated and Howard, Weil, Labouisse, Friedrichs Incorporated.
 In the international phase of the proposed offering, the Managers are Credit Suisse First Boston Limited; Donaldson, Lufkin & Jenrette Securities Corporation; Lehman Brothers International; Smith Barney, Harris Upham & Co. Incorporated and Howard, Weil, Labouisse, Friedrichs Incorporated.
 A registration statement relating to the common stock has been filed with the Securities and Exchange Commission but has not yet become effective. These 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 common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification of the shares of common stock under the securities laws of any such state.
 Copies of the preliminary prospectus will soon be available from the company at 1700 First City Tower, 1001 Fannin Street, Houston, TX 77002, Attention: Investor Relations.
 -0- 11/8/91
 /CONTACT: Alan Payne of Seagull Energy, 713-951-4700/
 (SGO) CO: Seagull Energy Corporation ST: Texas IN: OIL SU: OFR KD -- NY020 -- 2539 11/08/91 10:44 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 8, 1991
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