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USX CORPORATION FILES REGISTRATION STATEMENT WITH SEC

 PITTSBURGH, Sept. 8 /PRNewswire/ -- USX Corporation said that it filed a registration statement today with the Securities and Exchange Commission in connection with an offering of five million shares of USX- Delhi Group (NYSE: DGP) common stock.
 Approximately 4.94 million of the shares represent USX-Marathon Group's (NYSE: MRO) retained interest in the Delhi Group. An initial offering of nine million shares of the USX-Delhi Group was sold to the public in 1992.
 Four million shares will be offered in the United States and one million shares in a concurrent offering outside the United States.
 The Delhi Group consists of the Delhi Gas Pipeline Corporation and certain related companies, which are engaged in the purchasing, gathering, processing, transporting and marketing of natural gas.
 Net proceeds of the offering deemed to represent the 4.94 million share retained interest of the Marathon Group will be used for the general business purposes of the Marathon Group, while proceeds from the balance of the shares, as well as any proceeds from the sale of up to an additional 750,000 shares to cover underwriters' over-allotment options, if exercised, will be used for the general business purposes of the Delhi Group, including the funding of capital projects.
 Lehman Brothers and Salomon Brothers Inc will act as managing underwriters in connection with the offering. Additional underwriters include Oppenheimer & Co., Inc.; Petrie, Parkman & Co.; and Rauscher Pierce Refsnes, Inc.
 Lehman Brothers International Limited and Salomon Brothers International Limited are acting as representatives of the underwriters in connection with the offering outside the United States.
 /delval/
 -0- 9/8/93
 /CONTACT: William E. Keslar and Don H. Herring of USX Corporation, 412-433-6870/
 (DGP MRO)


CO: USX Corporation; USX-Delhi Group; USX-Marathon Group ST: Pennsylvania IN: OIL SU: OFR

CD -- PG021 -- 9996 09/08/93 16:50 EDT
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Publication:PR Newswire
Date:Sep 8, 1993
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