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WESTERN GAS RESOURCES ANNOUNCES STANDSTILL AGREEMENT WITH WARREN PETROLEUM

 DENVER, April 30 /PRNewswire/ -- Western Gas Resources Inc. (NYSE: WGR) announced today that it has entered into a Standstill Agreement with Warren Petroleum Co., a Chevron company ("Warren"), Arco Oil and Gas Co., a division of Atlantic Richfield Co., Conoco Inc. and Trident NGL Inc. pursuant to which the parties have agreed to stay through Sept. 30, 1993 certain pending lawsuits filed by Western, as previously disclosed in Western's Form 10-K for the year ended Dec. 31, 1992. Western has commenced the litigation in response to a notice from Warren, as operator of the Yscloskey gas processing plant, located in Louisiana, seeking to terminate a hydrocarbon fractionation agreement between Western and the Yscloskey Plant owners. During the standstill period, the Yscloskey Plant owners will continue to deliver natural gas liquids to Western's Toca Plant for fractionation. The parties have agreed to participate in meaningful good-faith settlement negotiations for the purposes of exploring alternatives apart from litigating or arbitrating the disputes raised in the pending litigation.
 Western owns and operates natural gas gathering and processing facilities and markets and transports natural gas and natural gas liquids (NGLs). Western is actively pursuing new investment opportunities through both acquisitions and new construction to expand its area of operations and related markets toward its goal of increasing stockholder value.
 -0- 4/30/93
 /CONTACT: Ronald O. Wirth or Teresa Massaro of Western Gas Resources, 800-933-5603/
 (WGR)


CO: Western Gas Resources Inc.; Warren Petroleum Co. ST: Colorado, Louisiana IN: OIL SU: TNM

BB -- DV004 -- 3294 04/30/93 14:33 EDT
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Publication:PR Newswire
Date:Apr 30, 1993
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