HOUSTON, June 26 /PRNewswire/ -- The Board of Directors of Ocean Energy,
Inc. (NYSE: OEI) has declared a dividend payment of four cents per common
share, payable July 20, 2001, to stockholders of record on July 6, 2001.
The amount and payment of future dividends for OEI common stock is
determined on a quarterly basis, based on earnings, financial condition,
capital requirements and other factors.
Ocean Energy, Inc. is an independent energy company engaged in the
exploration, development, production, and acquisition of crude oil and natural
gas. North American operations are focused in the shelf and deepwater areas
of the Gulf of Mexico, the Permian Basin, Mid-continent and Rocky Mountain
regions. Internationally, Ocean holds a leading position among U.S.
independents in West Africa with oil and gas activities in Equatorial Guinea,
Cote d'Ivoire and Angola. The company also conducts operations in Egypt,
Russia, Pakistan and Indonesia.
SOURCE Ocean Energy, Inc.
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Related links:
http://www.oceanenergy.com
Company News On-Call:
http://www.prnewswire.com/comp/913463.html or fax,
800-758-5804, ext. 913463
CONTACT:
financial, Bruce Busmire, 713-265-6161, or
media, Janice Aston White, 713-265-6164, both of Ocean Energy,
Inc.
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