GEODYNE <GEOD> TO OFFER PARTNERSHIP UNITS
Geodyne Resources Inc said it will
begin selling immediately 300 mln dlrs worth of limited
partnership interests in PaineWebber/Geodyne Energy Income
Program II.
     The company said a unit will serve as general partner of
the partnership, which will acquire oil and gas producing
properties from third parties.
    PaineWebber <PWJ> will serve as the dealer-manager for the
offering, it said.
 Reuter
