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CODA ENERGY COMPLETES 1992 DRILLING PROGRAM

 CODA ENERGY COMPLETES 1992 DRILLING PROGRAM
 DALLAS, Nov. 6 /PRNewswire/ -- Coda Energy, Inc. (NASDAQ-NMS: CODA)


announced today that it has completed its projected 1992 drilling program. The $3.5 million program consisted of seven wells (six injectors and one producer) in the Hardwicke Section 48 of the McElroy field in West Texas and 15 wells (six injectors and nine producers) in various fields in the Electra/Burkburnett area in North Texas.
 Coda commenced full injection on the West Texas lease on Oct. 1, 1992 and expects to increase reserves 44 percent from 3.1 million bbls to 4.45 million bbls on this Coda operated lease. Peak production is projected to reach 450 bbls per day by the third quarter of 1994. The company anticipates the development drilling in North Texas will increase production 14 percent or 170 bbls per day by January 1993. All development drilling was completed on schedule and below budget.
 Coda Energy, Inc. is an oil and gas acquisition, development and production company headquartered in Dallas, with principal operations in Texas, Colorado and Oklahoma. The company's stock is traded on the NASDAQ National Market System under the symbol CODA.
 Additional information about Coda Energy, Inc. should be obtained by contacting the company's chairman, Doug Miller, at Coda's headquarters, 9400 N. Central Expressway, Lock Box 187, Dallas, TX 75231, 214-692-1800 or 800-486-2632.
 -0- 11/6/92
 /CONTACT: Doug Miller, chairman of Coda Energy, Inc., 214-692-1800 or 800-486-2632/
 (CODA) CO: Coda Energy, Inc. ST: Texas IN: OIL SU: DSC


WB -- NY036 -- 8200 11/06/92 13:05 EST
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Publication:PR Newswire
Date:Nov 6, 1992
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