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EQUITABLE RESOURCES TESTS NEVADA WELL

 EQUITABLE RESOURCES TESTS NEVADA WELL
 PITTSBURGH, Aug. 18 /PRNewswire/ -- Equitable Resources Energy


Company today reported that its Rocky Mountain division, Balcron Oil, has tested the Devonian Guillemette Formation with the Balcron Bacon Flat Federal No. 23-17 well in Nye County, Nev.
 The well was initially completed with an open hole section from 5,164 to 5,240 feet. Initial flow tests recovered 225 barrels of oil per hour and no water through 2-7/8-inch tubing at 60 psi flow pressure. Further testing and evaluation is still in progress. Construction on sales facilities has begun.
 This well is a north offset to the Bacon Flat No. 1 which was drilled in 1981 and produced 314,640 barrels of oil prior to abandonment. The prolific Grant Canyon Field, which has produced over 16 million bbls of oil from five wells since 1984, lies one mile to the southeast.
 Balcron Oil is the operator. Working interest partners include Cenex, J.R. Bacon Drilling, Wohlford Butler, and Roberston Finley.
 Equitable Resources Energy Company, a wholly owned subsidiary of Equitable Resources, Inc. (NYSE: EQT), is a major producer of oil and gas in the Appalachian Basin and the Rocky Mountain region, and is also engaged in active exploration in the Gulf of Mexico.
 -0- 8/18/92
 /CONTACT: Michael P. Stack of Equitable Resources, 412-553-5911/
 (EQT) CO: Equitable Resources Energy Company; Equitable Resources, Inc. ST: Pennsylvania, Nevada IN: OIL SU:


DM -- PG008 -- 1101 08/18/92 16:52 EDT
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Date:Aug 18, 1992
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