California Fire Impacts Vintage Petroleum's Production

California Fire Impacts Vintage Petroleum's Production 


TULSA, Okla., Oct. 27  /PRNewswire-FirstCall/ -- Vintage Petroleum, Inc. 
announced today a portion of its oil and gas production in Ventura County,
California has been shut-in as a result of the Simi Valley fire northwest of Los
Angeles.  As the fire approached Vintage's properties, Vintage evacuated all
personnel safely without injuries.

Production shut-ins began on Sunday, October 26 and net production of
approximately 2,400 barrels of oil per day and 6.4 million cubic feet of gas per
day (approximately 3,500 barrels of oil equivalent per day) is currently
shut-in.  This shut-in production represents less than five percent of Vintage's
total oil and gas production.

The assessment of any environmental impact and physical damage to wells and
production facilities is underway in concert with local authorities and state
regulatory agencies.  Vintage expects wells to be returned to production area by
area as necessary repairs are made and electric power service is restored over
the next several weeks.

Forward-Looking Statements

This release includes certain statements that may be deemed to be
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995.  All statements in this release, other than
statements of historical facts, that address estimates of production, planned
development work and other events or developments that the company expects are
forward-looking statements.  Although Vintage believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the forward-looking
statements.  Factors that could cause actual results to differ materially from
those in forward-looking statements include oil and gas prices, exploitation and
exploration successes, actions taken or to be taken by foreign governments as a
result of economic conditions or other factors, changes in foreign exchange and
inflation rates, as well as continued availability of capital and financing,
general economic, market or business conditions, and risk factors listed from
time-to-time in our reports and other documents filed with the Securities and
Exchange Commission. Vintage Petroleum, Inc. is an independent energy company
engaged in the acquisition, exploitation, exploration and development of oil and
gas properties and the gathering and marketing of natural gas and crude oil.
Company headquarters are in Tulsa, Oklahoma, and its common shares are traded on
the New York Stock Exchange under the symbol VPI.  For additional information,
visit the company website at http://www.vintagepetroleum.com/ . 

DATASOURCE: Vintage Petroleum, Inc.



CONTACT:  Robert E. Phaneuf, Vice President - Corporate Development of

Vintage Petroleum, Inc., [phone]



Web site:  http://www.vintagepetroleum.com/ 

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