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PEI Extends Oddlot Buyback Program

    WILKES-BARRE, Pa., Oct. 29 /PRNewswire/ -- Pennsylvania Enterprises, Inc.
(NYSE: PNT) (PEI) announced today that it is further extending the oddlot
buyback program of its common stock.  The new expiration date for the program
is Tuesday, December 31, 1996.
    Under the terms of this voluntary program, oddlot shareholders (i.e.,
persons who own less than 100 shares) have the opportunity to sell their
shares directly to PEI at market price without paying brokerage commissions or
account charges.
    PEI is a holding company with regulated and non-regulated subsidiaries.
The regulated group consists of PG Energy which provides natural gas to
approximately 142,000 customers in ten counties in northeastern Pennsylvania.
The non-regulated group consists of Pennsylvania Energy Resources, Inc., its
subsidiary, Keystone Pipeline Services, Inc., and Theta Land Corporation.


SOURCE Pennsylvania Enterprises, Inc.




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CONTACT:
Robert J. Lopatto of PEI, 717-829-8814