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TRANSCO EXPLORATION DECLARES FINAL LIQUIDATING DISTRIBUTION

 TRANSCO EXPLORATION DECLARES FINAL LIQUIDATING DISTRIBUTION
 HOUSTON, Sept. 4 /PRNewswire/ -- Transco Exploration Partners, Ltd. (NYSE: TXP) has declared a final liquidating distribution of $1.06 per unit, payable Sept. 30, 1992, to unitholders of record on Sept. 21, 1992. The final distribution is based on the liquidation of the net assets remaining in the partnership, including proceeds from the sale of TXP's interest in the Chalkley Field and other miscellaneous assets less certain costs, expenses and other liabilities. This final distribution completes the liquidation of the partnership. The transfer books for the units will be permanently closed as of the close of business on Sept. 21, 1992.
 Transco Exploration Partners, Ltd. announced its plans to sell its assets and liquidate the partnership in January 1989, and will have made liquidating distributions pursuant to the plan totaling $10.91 per unit, including this final distribution. TXP was formed in 1983 as a Texas limited partnership through the transfer of the assets and liabilities of Transco Exploration Company, a Transco Energy Company subsidiary. Transco Energy Company owns approximately 73 percent of the 77.2 million units outstanding and a 1 percent general partner interest.
 Transco Energy Company (NYSE: E) transports natural gas through its interstate pipeline systems to markets in the Eastern and Midwestern United States, arranges for the transportation and sale of natural gas throughout the United States, and is active in independent power generation and natural gas vehicle fueling services. Transco also maintains modest positions in other energy-related businesses.
 -0- 9/4/92
 /CONTACT: Katherine K. Putnam, 713-439-2455, or R. Dean Ayers (analysts), 713-439-2593, both of Transco Energy/
 (EXP E) CO: Transco Exploration Partners, Ltd.; Transco Energy Co. ST: Texas IN: OIL SU:


CK -- NY023 -- 6867 09/04/92 10:45 EDT
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Publication:PR Newswire
Date:Sep 4, 1992
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