EXHIBIT 99.1

                                                   Mission Resources Corporation
 [LOGO]                                            1331 Lamar, Suite 1455
 MISSION                                           Houston, Texas 77010-3039
RESOURCES

                                                   NEWS RELEASE

CONTACT: Ann Kaesermann
         Vice President - Accounting &
           Investor Relations, CAO
         investors@mrcorp.com
         (713) 495-3100

         MISSION RESOURCES ANNOUNCES PRICING OF $130 MILLION OFFERING OF
                          9 7/8% SENIOR NOTES DUE 2011

HOUSTON, APRIL 1, 2004 - MISSION RESOURCES CORPORATION (NASDAQ: MSSN) announced
today that it has priced a private offering of $130 million of 9 7/8% Senior
Notes due 2011 at par. The notes will be fully and unconditionally guaranteed by
certain of Mission's subsidiaries. The closing of the offering is subject to the
concurrent consummation of Mission's new senior secured revolving credit
facility and its new second lien term loan, and the satisfaction of customary
closing conditions. Mission intends to use the net proceeds of the offering to
fully redeem its outstanding 10 7/8% Senior Subordinated Notes due 2007 and to
repay indebtedness under its current credit facilities.

The notes have not been registered under the Securities Act of 1933, as amended,
and may not be offered or sold in the United States or to U.S. persons, except
initially to qualified institutional buyers in reliance on the exemption from
registration provided by Rule 144A and, in the resale market, to certain persons
in offshore transactions in reliance on Regulation S. This news release does not
constitute an offer to sell or the solicitation of an offer to buy any security
and shall not constitute an offer, solicitation or sale in any jurisdiction in
which it would be unlawful.

Mission Resources Corporation is a Houston-based independent exploration and
production company that drills for, acquires, develops and produces natural gas
and crude oil primarily in the Permian Basin (in West Texas and Southeastern New
Mexico), along the Texas and Louisiana Gulf Coast and in both the state and
federal waters of the Gulf of Mexico.

This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking statements
are subject to certain risks, trends and uncertainties that could cause actual
results to differ materially from those projected. Among those risks, trends and
uncertainties are our estimate of the sufficiency of our existing capital
sources, our ability to raise additional capital to fund cash requirements for
future operations, the uncertainties involved in estimating quantities of proved
oil and natural gas reserves, in prospect development and property acquisitions
and in projecting future rates of production, the timing of development
expenditures and drilling of wells, and the operating hazards attendant to the
oil and gas business. In particular, careful consideration should be given to
cautionary statements made in the various reports the Company has filed with the
Securities and Exchange Commission. Mission undertakes no duty to update or
revise these forward-looking statements.

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