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WESTERN GAS RESOURCES ANNOUNCES THIRD QUARTER RESULTS

 WESTERN GAS RESOURCES ANNOUNCES THIRD QUARTER RESULTS
 DENVER, Nov. 5 /PRNewswire/ -- Western Gas Resources Inc.


(NYSE: WGR) today announced to holders of its common stock that the company again set new operational records for revenues, net income and cash flow from operations for the third quarter and nine months ended Sept. 30, 1992.
 The increase in results from operations was primarily due to additional throughput volumes from the company's Midkiff and Giddings systems, the UTP facilities acquired in November 1991 and higher natural gas prices.
 Third quarter 1992 revenues increased 113 percent over the third quarter of 1991 to $148.5 million and third quarter net income increased 134 percent to $11.4 million, or 42 cents per common share. Cash flow from operations (working capital provided by operations) increased 76 percent to $20.8 million.
 For the nine months ended Sept. 30, 1992, revenues increased 78 percent over the like period in 1991 to $399.9 million and net income increased 91 percent to $25.7 million, or 93 cents per common share. Cash flow from operations increased 67 percent to $52.1 million.
 Average gas prices increased 26 percent to $1.68/Mcf in the third quarter of 1992 compared to $1.33/Mcf for the third quarter of 1991. Average gas sales increased 58 percent in the third quarter of 1992 to 381 MMcf/D compared to 241 MMcf/D in the third quarter of 1991. Average gas prices and average gas sales for the nine months ended Sept. 30, 1992, were $1.53/Mcf and 406 MMcf/D, respectively, compared to $1.49/Mcf, and 276 MMcf/D, respectively, for the like period in 1991.
 Average natural gas liquids (NGL) prices for the third quarter of 1992 remained constant at 35 cents/Gal compared to the like period in 1991. Average third quarter NGL sales increased 137 percent to 2,458 MGal/D compared to 1,039 MGal/D in 1991. Average NGL prices and average NGL sales for the nine months ended Sept. 30, 1992 were 32 cents/Gal and 2,302 MGal/D, respectively, compared to 35 cents/Gal, and 919 MGal/D, respectively, for the like period in 1991.
 Western owns and operates natural gas gathering and processing facilities and markets and transports natural gas and natural gas liquids.
 WESTERN GAS RESOURCES INC.
 1992 Third Quarter Earnings
 Quarter Ended Nine Months Ended
 Sept. 30, Sept. 30,
 1992 1991 Pct. 1992 1991 Pct.
 Change Change
 Financial Statistics:
 (OOO's except share
 and per share
 amounts)
 Revenues $148,535 $69,763 113 $399,946 $224,298 78
 Net income 11,440 4,880 134 25,739 13,469 91
 Earnings per
 common share .42 .23 83 .93 .64 45
 Cash flow from
 operations 20,762 11,804 76 52,082 31,217 67
 Weighted average
 common shares
 out-
 standing 25,466,229 21,181,953 20 25,436,603 21,152,960 20
 Operating Statistics:
 Average gas
 sales (MMcf/D) 381 241 58 406 276 47
 Average NGL
 sales (MGal/D) 2,458 1,039 137 2,302 919 151
 Average gas
 prices ($/Mcf) $1.68 $1.33 26 $1.53 $1.49 3
 Average NGL
 prices ($/Gal) $.35 $.35 --- $.32 $.35 (9)
 -0- 11/5/92
 /CONTACT: Ron Wirth of Western Gas Resources, 800-933-5603/
 (WGR) CO: Western Gas Resources Inc. ST: Colorado IN: OIL SU: ERN


BB-MC -- DV002 -- 2795 11/05/92 07:32 EST
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Date:Nov 5, 1992
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