HOUSTON, Sept. 26 /PRNewswire/ -- The Board of Directors of Ocean Energy,
Inc. (NYSE: OEI) has declared a dividend payment of four cents per common
share, payable October 24, 2001, to stockholders of record on
October 10, 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 Rocky Mountains, Permian Basin, Arklatex, Anadarko,
East Texas and the Gulf Coast regions. Internationally, Ocean holds a leading
position among U.S. independents in West Africa with oil and gas activities in
Equatorial Guinea, Angola and Cote d'Ivoire. The company also conducts
operations in Egypt, Tatarstan, Brazil, 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
CONTACT:
financial, Bruce Busmire, +1-713-265-6161, or
media, Janice Aston White, +1-713-265-6164, both of Ocean Energy,
Inc.
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