Patina Appoints New Director

Apr 11, 2001, 01:00 ET from Patina Oil & Gas Corporation

    DENVER, April 11 /PRNewswire/ -- PATINA OIL & GAS CORPORATION (NYSE:   POG)
 today announced that Paul M. Rady has been named a member of its Board of
 Directors, replacing Christopher C. Behrens.  Mr. Behrens resigned in
 connection with the Company's expected repurchase of all of J.P. Morgan
 Partners' remaining shares in the Company at the end of April.
     Mr. Rady served as Chairman of the Board, President and Chief Executive
 Officer of Pennaco Energy, Inc., until its recent sale to Marathon Oil
 Company.  He joined Pennaco as its President and CEO in mid-1998.  Previously,
 Mr. Rady served as President and CEO of Barrett Resources Corporation.  Prior
 to joining Barrett, Mr. Rady was with Amoco Production Company.
     Patina's Chairman, Thomas J. Edelman, commenting on the announcement said,
 "We could not be more delighted that Paul has agreed to join our Board.  His
 extensive industry knowledge and experience will prove an invaluable asset as
 we continue to pursue the diversification of our asset base.  We will sorely
 miss Chris Behrens' counsel and support.  He and his associates at J.P. Morgan
 Partners (formerly Chase Capital Partners) played an invaluable role in the
 growth and success of Patina over the past three years."
     Patina is an independent oil company engaged in acquisitions, development,
 exploitation and production of oil and natural gas primarily in Colorado's
 Wattenberg Field.
 
 

SOURCE Patina Oil & Gas Corporation
    DENVER, April 11 /PRNewswire/ -- PATINA OIL & GAS CORPORATION (NYSE:   POG)
 today announced that Paul M. Rady has been named a member of its Board of
 Directors, replacing Christopher C. Behrens.  Mr. Behrens resigned in
 connection with the Company's expected repurchase of all of J.P. Morgan
 Partners' remaining shares in the Company at the end of April.
     Mr. Rady served as Chairman of the Board, President and Chief Executive
 Officer of Pennaco Energy, Inc., until its recent sale to Marathon Oil
 Company.  He joined Pennaco as its President and CEO in mid-1998.  Previously,
 Mr. Rady served as President and CEO of Barrett Resources Corporation.  Prior
 to joining Barrett, Mr. Rady was with Amoco Production Company.
     Patina's Chairman, Thomas J. Edelman, commenting on the announcement said,
 "We could not be more delighted that Paul has agreed to join our Board.  His
 extensive industry knowledge and experience will prove an invaluable asset as
 we continue to pursue the diversification of our asset base.  We will sorely
 miss Chris Behrens' counsel and support.  He and his associates at J.P. Morgan
 Partners (formerly Chase Capital Partners) played an invaluable role in the
 growth and success of Patina over the past three years."
     Patina is an independent oil company engaged in acquisitions, development,
 exploitation and production of oil and natural gas primarily in Colorado's
 Wattenberg Field.
 
 SOURCE  Patina Oil & Gas Corporation