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TOREADOR ROYALTY ANNOUNCES PRODUCING PROPERTY ACQUISITIONS

 TOREADOR ROYALTY ANNOUNCES PRODUCING PROPERTY ACQUISITIONS
 DALLAS, May 11 /PRNewswire/ -- Toreador Royalty (NASDAQ: TRGL) announced that it had acquired producing working and royalty interests located in the Welch Field, Terry and Dawson Counties, Texas for a total consideration of $193,000. Based on in-house engineering estimates these properties contain net reserves of approximately 60,000 barrels which equates to an acquisition cost of $3.22 per net barrel. These reserves represent a 28 percent increase in Toreador's net oil reserves which were estimated at 213,000 barrels as of Dec. 31, 1991.
 Toreador owns in excess of 530,000 net mineral acres located primarily in the Texas Panhandle and Northwest Texas. In addition, the company owns working or royalty interests in Texas, New Mexico, Oklahoma, Arkansas and Louisiana.
 -0- 5/11/92
 /CONTACT: Peter R. Vig, chairman, or James S. Blair, vice president, both of Toreador Royalty, 214-220-2141/
 (TRGL) CO: Toreador Royalty ST: Texas IN: OIL SU: TMN


JT -- NY093 -- 8760 05/11/92 16:02 EDT
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Publication:PR Newswire
Date:May 11, 1992
Words:167
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