Boyd Energy Corporation Announces Work Program for Kentucky Prospect.

ARLINGTON, Texas--(BUSINESS WIRE)--April 14, 1999--

Boyd Energy Corporation (the "Company") (OTC BB:BECO) announces their work program scheduled for development of their Kentucky P-19 Prospect. The Company plans to pursue an aggressive schedule for developing their leases in the Illinois Basin.

The Company plans to begin developing the P-19 Prospect on the Jones lease in Caldwell County, Ky., by drilling the Boyd Jones No. 1. Boyd Branch, President of the Company, stated, "The Jones lease is primary to our leasehold in the area due to the fact that, geologically, it represents the most ideal location for the Company to drill and, economically, it is strategically located near the end user market for potential industrial customers. The seismic interpretation of the Jones lease indicates the Boyd Jones No. 1 location is positioned about half way up the structure on the basin side of the anticline which in turn would protect oil production if this happens to be a gas cap instead of a gas reservoir. Following the initial drill, the Company plans to drill wells on the 2,255 acres currently secured or held by option. Wells will be positioned on 40 acre spacing."

Geological similarities between the P-19 Prospect and the Centralia North West Field in Centralia, Ill., indicate there could be the equivalent of 1,000 barrels of oil per day or more per 40 acres. Wells with initial production at the rate of 15,000 barrels of oil per day have been reported in the Centralia Field. And, logs from the Stephens well (Sun Exploration), which is the closest key well, indicate that potentially commercial gas and/or oil reserves exist in the Hunton Megagroup on the Farmersville Dome in Caldwell County. The Company's target is the Hunton Megagroup where wells have produced millions of barrels of oil in other parts of the basin. In all there are an estimated 10 potential reservoirs that will be penetrated as a result of drilling activities in the selected areas.

The Company continues to negotiate with the lessor for additional acreage for continued development. It is the intent of the Company to secure a minimum of 4,000 acres. All acreage now held is located in the "very heart of the P-19 Prospect," Branch stated, "and we feel confident we will be successful in acquiring additional acreage."

Boyd Energy Corporation is an independent oil and gas exploration and development company located at 1000 Ballpark Way, Suite 210, Arlington, TX 76011, Tel: [phone], Fax: [phone] or visit our Web site at www.boydenergy.com.

Forward looking statements in this announcement are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward looking statements involve risks and uncertainty. Including without limitation to the costs of exploring for the uncertainty of developing new oil and gas reserves, the price for which such reserves can be sold, environmental concerns effecting the drilling and producing of oil and gas reserves, as well as general market conditions, competition and pricing.