FLORES & RUCKS, INC. ANNOUNCES SECOND QUARTER FINANCIAL RESULTS.

NEW ORLEANS--(BUSINESS WIRE)--Aug. 10, 1995--Flores & Rucks, Inc. (FNRI) today announced earnings of $811,471 or $0.05 per share for the second quarter ended June 30, 1995. Significantly contributing to the higher earnings for the second quarter was a 48% increase in production, as compared to the same period in 1994, as well as higher operating margins.

FNRI posted operating revenues of $29.8 million, a 74% increase as compared to second quarter 1994 revenues of $17.2 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased 154% to $17.5 million, or $1.17 per share. Discretionary cash flow was also higher for the second quarter of 1995, increasing 106% to $12.0 million or $0.80 per share, as compared to the same period in 1994. As cash flow increases, management will continue to allocate a large percentage of these funds to the Company's 1995 exploration and development drilling program. Capital expenditures relating to exploration and development drilling for the first six months of 1995 totaled $37.8 million, of which $21.9 million was spent during the second quarter.

James C. Flores, FNRI's Chairman and CEO, stated, "We are pleased with the increase in earnings and cash flow for the second quarter and believe that the early stages of our exploration and development drilling program on our core assets has yielded excellent results. We look forward to our additional 3-D seismic acquisitions on these assets which will be the foundation for our future production and reserve growth for the Company."

Production for the second quarter of 1995 averaged 20.5 thousand net barrels of oil equivalent (BOE) per day and totaled 1.9 million BOE for the period, as compared to 1.3 million BOE for the same period in 1994. As a result of the increase in production, FNRI has experienced lower per unit operating expenses, with lease operating expenses (LOE) per BOE dropping to $3.99 from $4.59 for the same period in 1994.

In order to reduce risk from commodity price volatility, the Company hedges a portion of its production. During the second quarter of 1995, FNRI hedged 825 MBbls at an average hedge price of $18.28. As of June 30, 1995, the Company's open hedge position for the six months ending December 31, 1995, was 1,275 MBbls with an average price of $18.16 for the six month period.

Flores & Rucks, Inc. is an independent energy company engaged in the acquisition, exploration, development and production of crude oil and natural gas. For further information, please contact Investor Relations at [phone] or mail requests to 8440 Jefferson Highway, Suite 420, Baton Rouge, LA 70809. You may also contact Investor Relations via the Internet at the following e-mail address: [e-mail] -0-

                         FLORES & RUCKS, INC.

FINANCIAL DATA
(In thousands, except per share, production and pricing data)

                        Three Months Ended      Six Months Ended
                              June 30,              June 30,
                          1995        1994       1995       1994
Operating revenues    $  29,838   $  17,172  $  55,872  $  34,406
Operating income          4,865      (1,410)     8,121     (1,879)
Net income (loss)           811      (1,936)      (251)    (2,640)
Earnings (loss) per
 share                     0.05         N.M.     (0.02)       N.M.
EBITDA                   17,529       6,908     31,684     14,930

EBITDA per share           1.17         N.M.      2.11        N.M.
Discretionary cash flow  11,985       5,825     21,101     12,515
Discretionary cash flow
 per share                 0.80         N.M.      1.40        N.M.
Weighted avg. shares of
 common stock
 outstanding             15,044         N.M.    15,042        N.M.

PRODUCTION AND PRICING DATA

                          Three Months Ended
                               June 30,
                           1995        1994
Oil production
 (barrels)              1,398,050     983,206
Average price per
 barrel                $    18.21  $    16.06
Gas production (mcf)    2,823,207   1,679,349
Average price per mcf  $     1.78  $     2.10

CONTACT: Flores & Rucks, Inc.

James C. Flores, 504/927-1450

William W. Rucks, 318/989-5900

Robert L. Belk, 504/927-1450