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SNYDER OIL DECLARES DIVIDENDS

 FORT WORTH, Texas, Sept. 3 /PRNewswire/ -- Snyder Oil Corporation (NYSE: SNY) (SOCO) today declared third quarter dividends to holders of its common and convertible preferred stock. The dividends are payable Sept. 30, 1993 to stockholders of record on Sept. 15, 1993. Dividends are payable at the rate of $.06 per common share, $1.00 per share for the 8 percent convertible preferred stock and $.375 per depositary share for the 6 percent convertible preferred stock. The dividend rate on the common stock reflects a 20 percent increase from the second quarter.
 SOCO is engaged in the production, development, acquisition and exploration of oil and gas properties and in natural gas processing and transportation. The Company's common and convertible preferred shares are traded on the New York Stock Exchange under the symbols "SNY," and "SNY Pr" and "SNY Pr A."
 -0- 9/3/93
 /CONTACT: Patti J. Irwin, vice president, 817-882-5902, of Snyder Oil/
 (SNY)


CO: Snyder Oil Corporation ST: Texas IN: OIL SU: DIV

LG -- NY012 -- 8737 09/03/93 09:55 EDT
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Publication:PR Newswire
Date:Sep 3, 1993
Words:173
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