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VINTAGE PETROLEUM: HEWITT DEEP PROSPECT DEVELOPMENT SUSPENDED

 TULSA, Okla., April 30 /PRNewswire/ -- Vintage Petroleum Inc. (NYSE: VPI) announced today that it has suspended further development of its Hewitt Deep prospect in Carter County, Oklahoma, pending the interpretation of newly acquired data from two delineation wells.
 Drillstem test results from the second delineation well indicate the well to be non-commercial in the target Arbuckle zone, and no completion attempt is planned. In the first delineation well in the prospect, drilled downdip of the discovery well, casing was set, however, commercial oil rates were not achieved during recent testing. The field discovery well is currently producing at rates of approximately 100 BOPD and 500 MCFD.
 Vintage Petroleum Inc. is an independent energy company engaged in the acquisition, exploitation and development of oil and gas properties and the marketing of natural gas and crude oil. Company headquarters are in Tulsa, and its common shares are traded on the New York Stock Exchange under the symbol VPI.
 -0- 4/30/93
 /CONTACT: William C. Barnes, senior vice president and chief financial officer, of Vintage Petroleum, 918-592-0101/
 (VPI)


CO: Vintage Petroleum Inc. ST: Oklahoma IN: OIL SU:

TM -- SF008 -- 3313 04/30/93 14:52 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
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