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WESTERN GAS RESOURCES FILES FOR PREFERRED STOCK OFFERING

 WESTERN GAS RESOURCES FILES FOR PREFERRED STOCK OFFERING
 DENVER, Oct. 27 /PRNewswire/ -- Western Gas Resources Inc. (NYSE: WGR) announced today that it has filed with the Securities and Exchange Commission for a proposed offering of 2,000,000 shares of Cumulative Preferred Stock ($25 stated value). The underwriting syndicate will be lead-managed by Morgan Stanley & Co. with Donaldson, Lufkin & Jenrette Securities Corp. and Smith Barney, Harris Upham & Co. as co-managers. The net proceeds from the offering will be used for general corporate purposes, including funding the development of its Katy, Texas storage facility.
 Western owns and operates natural gas gathering and processing facilities and markets and transports natural gas and natural gas liquids.
 -0- 10/27/92
 /CONTACT: Ron Wirth of Western Gas Resources, 800-933-5603/
 (WGR) CO: Western Gas Resources Inc. ST: Colorado IN: OIL SU: OFR


LD-BB -- DV004 -- 5249 10/27/92 09:42 EST
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Publication:PR Newswire
Date:Oct 27, 1992
Words:146
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