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Gerald Carman appointed treasurer of Santa Fe Energy Resources.

HOUSTON--(BUSINESS WIRE)--March 7, 1996--Santa Fe Energy Resources (NYSE:SFR) today announced the promotion of Gerald Carman to the position of Treasurer.

In his new position Carman is responsible for managing the Company's cash resources as well as its debt compliance and project financing.

Carman, a Texas native and magna cum laude graduate of Texas Tech University, joined Santa Fe Energy in 1991 as Supervisor, Corporate Tax Compliance. He was subsequently promoted to Manager of Tax Planning then Director of Corporate Planning. Prior to joining SFR, he was employed by Price Waterhouse. Carman is active in Big Brothers of Houston, is a Certified Public Accountant, and holds memberships in several professional organizations.

Santa Fe Energy Resources is an independent oil and gas exploration and production company with headquarters in Houston, Texas. It has production in the United States, Argentina and Indonesia with additional exploration activities in several other regions of the world. Its common stock is traded on the New York Stock Exchange under the symbol SFR.

CONTACT: Santa Fe Energy Resources, Houston

Media Contact: Ed Hall, 713/507-5309

Investor Contact: Kathy Hager, 713/507-5315
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Publication:Business Wire
Date:Mar 7, 1996
Words:186
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