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KCS ENERGY COMPLETES MAJOR GAS WELL IN SOUTH TEXAS; PRODUCTION BEING SOLD UNDER AN ABOVE MARKET PRICE CONTRACT

 HOUSTON, Jan. 7 /PRNewswire/ -- KCS Energy Inc. (NASDAQ: KCSE) today announced the completion of a major gas well in the Falcon/Bob West Field in Zapata County, Texas, where production is being sold under a long-term above market price contract to Tennessee Gas Pipeline Company.
 The well, the Jesus Yzaquirre No. 2, in which KCS Energy has a 100 percent working interest and an approximate 84 percent net revenue interest, began production Dec. 30 and is currently flowing at a rate of 4.5 million cubic feet per day on a 20/64 inch choke with 2,250 Psig flowing tubing pressure while drilled to a measured depth of 12,389 feet and completed in the Wilcox Formation from 10,082 to 10,102 and from 10.218 to 10,234 measured depths. The well was fracture treated with 210,000 gallons of treated fluid carrying 689,000 pounds of propane. To date, approximately 30 percent of the frac fluid has been recovered.
 KCS Energy also announced that a second well in the current program, the Jesus Yzaquirre No.3, has been drilled and pipe set at 12,800 feet. This well is currently in the process of being completed. the Jesus Yzaquirre No. 4 was spudded Dec. 26.
 KCS production from this field is committed to Tennessee Gas Pipeline under an above market price contract that runs until January, 1999. December contract pricing was $7.37 per MMbtu, including reimbursement of severance taxes. A Texas court ruling in June upholding the contract is currently under appeal by Tennessee Gas.
 KCS Energy is engaged in oil and gas exploration and production, natural gas transportation, natural gas marketing and energy services with operations in Texas, Louisiana, Mississippi, New York, Virginia and Pennsylvania.
 -0- 1/7/93
 /CONTACT: Henry A. Jurand, 908-632-1770, or C.R. Devine, 713-877-8006, both for KCS Energy, Inc./
 (KCSE)


CO: KCS Energy Inc. ST: Texas IN: OIL SU:

TS-LR -- NY040 -- 2596 01/07/93 10:52 EST
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Publication:PR Newswire
Date:Jan 7, 1993
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