Vintage Petroleum Announces Temporary Production Shut-in Due to Hurricane Katrina

Vintage Petroleum, Inc. (NYSE:VPI) announced today that
it has temporarily shut-in net daily production of approximately 4,000
barrels of oil equivalent in the company's eastern Gulf Coast
operations as a result of Hurricane Katrina. Activity is currently
underway to assess the extent of any damage and the timing required to
restore production. The volume temporarily shut-in represents
approximately five percent of the net daily volume produced in the
second quarter of 2005.

   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 damages, plans and timing to restore production to prior
levels, future production, strategies, estimates of oil and gas
reserves, capital spending, and events or developments that the
company expects or believes 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, success of well and facility repair, actions taken and to
be taken by governments and their agencies as a result of political
and economic conditions or other factors, inflation rates, continued
availability of capital and financing, and general economic, market or
business conditions, as well as other risk factors described from time
to time in the company's filings with the SEC. The company assumes no
obligation to update publicly such forward-looking statements, whether
as a result of new information, future events or otherwise.
   Vintage Petroleum, Inc. is an independent energy company engaged
in the acquisition, exploitation and exploration of oil and gas
properties and the 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 www.vintagepetroleum.com.