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SONAT EXPLORATION ANNOUNCES PROPERTY EXCHANGE

 SONAT EXPLORATION ANNOUNCES PROPERTY EXCHANGE
 HOUSTON, Dec. 23 /PRNewswire/ -- Sonat Exploration Company


announced today that it has completed an exchange of properties with Chevron U.S.A., Inc.
 Sonat Exploration conveyed its 25 percent interest in two offshore oil and gas fields operated by Chevron in exchange for all of Chevron's oil and gas properties located in the state of Arkansas. Sonat Exploration estimates that the transaction added approximately 45 billion cubic feet of natural gas equivalent proved reserves. The addition of these new properties will further enhance the company's position in the state of Arkansas, where it is one of the largest natural gas producers.
 "This was an excellent opportunity to increase our holdings in an area where we already have a very strong position," said Donald G. Russell, chairman of Sonat Exploration. "We intend to continue to look for opportunities to increase our concentration in key areas through property exchanges," he said.
 Sonat Exploration is a subsidiary of Sonat Inc. (NYSE: SNT). Sonat, headquartered in Birmingham, Ala., is a worldwide energy company involved in natural gas transmission and marketing, oil and gas exploration and production, and oil services.
 -0- 12/23/91
 /CONTACT: Bruce Connery of Sonat, 205-325-3898/
 (SNT) CO: Sonat Exploration Company; Chevron U.S.A., Inc. ST: Alabama, Arkansas IN: OIL SU:


BR-TG -- AT002 -- 4750 12/23/91 10:12 EST
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Publication:PR Newswire
Date:Dec 23, 1991
Words:225
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