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ZAPATA CORPORATION NAMES BOWERSOX EXECUTIVE V.P.

 ZAPATA CORPORATION NAMES BOWERSOX EXECUTIVE V.P.
 HOUSTON, Oct. 8 /PRNewswire/ -- Thomas H. Bowersox has been named


executive vice president of Zapata Corporation (NYSE: ZOS), according to Zapata Chairman and Chief Executive Officer R.C. Lassiter.
 Bowersox previously served for nearly six years as chairman and CEO of Zapata Corporation's offshore drilling rig division, Zapata Off-Shore Company. Zapata sold its rig fleet to Arethusa (Off-Shore) Ltd. in 1990, but under the purchase agreement continued to operate the fleet agreement until Oct. 1, 1992.
 As executive vice president, a new position, Bowersox will be responsible for legal and public affairs, administration and personnel functions. He will also serve on the boards of Zapata Corporation's operating subsidiaries, Zapata Exploration Company, an oil and gas producer, and Zapata Haynie Corporation, a marine protein manufacturer. In addition, Bowersox will continue to serve on the Board of Directors and be a member of the executive committee of Arethusa (Off-Shore) Ltd.
 We are delighted to have Tom Bowersox in the position of executive vice president. His considerable expertise in international operations and knowledge of international marketplaces will be invaluable as Zapata Corporation pushes forward with its business development strategy," Lassiter said.
 Bowersox joined Zapata Corporation's Legal Department in 1976 serving in several capacities before being named Senior Vice President and general counsel in 1984. Prior to joining Zapata, he was an associate with the Houston law firm of Baker and Botts and was also an Associate Professor in the College of Business at Sam Houston State University.
 Long active in industry affairs, Bowersox has just completed a term as Chairman of the International Association of Drilling Contractors. Since 1989, he has been a member of the Industry Sector Advisory Committee for Energy Trade Policy of the U.S. Department of Commerce and the U.S. Trade Representative.
 A native of Beatrice, Nebraska, Bowersox holds B.B.A. and J.D. degrees from the University of Houston.
 Zapata Corporation is a Houston-based international company that produces natural gas and oil and conducts marine protein operations that produce fish meal, a high-protein livestock feed ingredient, and fish oil from menhaden. Zapata is also a major shareholder in Tidewater Inc., the world's leading operator of marine service vessels.
 -0- 10/8/92
 /CONTACT: Corporate Affairs Department, 713-940-6240/
 (ZOS) CO: Zapata Corporation ST: Texas IN: OIL SU: PER


PS -- NY086 -- 8007 10/08/92 15:46 EDT
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Date:Oct 8, 1992
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