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EDISTO RESOURCES ANNOUNCES MANAGEMENT CHANGES AFFECTING ESCO ENERGY

 DALLAS, Aug. 12 /PRNewswire/ -- Edisto Resources Corporation (AMEX: EDS), today announced the termination of Robert E. Davis Jr., president and chief executive officer of ESCO, and Debbie J. Branch, president of Vesta Energy Company ("Vesta"), effective immediately. Mr. Michael Y. McGovern, who assumed responsibilities as chief executive officer and chairman of the board of Edisto effective July 1, 1993, will assume the additional duties of chairman of the board, chief executive officer and president of ESCO and president of Vesta, which are wholly owned subsidiaries of Edisto. The management changes were initiated following an evaluation of the personnel, assets and operations of ESCO and Vesta, through which Edisto conducts its natural gas transmission and marketing activities.
 Mr. McGovern stated that, "although Mr. Davis and Ms. Branch founded Vesta and have contributed greatly to its development, this change in direction is in the best interests of the company."
 Edisto Resources Corporation's consolidated activities include the production of oil and gas, exploration and development of oil and gas reserves and natural gas marketing and transportation.
 -0- 8/12/93
 /CONTACT: Gary L. Pittman, vice president - financial services of Edisto Resources Corporation, 214-880-0243/
 (EDS)


CO: ESCO Energy, Inc.; Edisto Resources Corporation ST: Texas IN: OIL SU: PER

WB -- NY044 -- 2128 08/12/93 12:42 EDT
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Publication:PR Newswire
Date:Aug 12, 1993
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