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McFARLAND ENERGY ANNOUNCES RESULTS

 McFARLAND ENERGY ANNOUNCES RESULTS
 SANTA FE SPRINGS, Calif., Aug. 13 /PRNewswire/ -- McFarland


Energy Inc. (NASDAQ: MCFE) announced unaudited financial results for the quarter ended June 30, 1992, and the six-month period ended the same date.
 Revenues for the three-month period ended June 30, 1992, were $3,950,000 compared with $3,989,000 for the same period in 1991. Revenues for the six-month period in 1992 were $7,414,000 vs. $8,177,000 for the six-month period in 1991.
 Net income for the quarter ended June 30, 1992, was $535,000, equal to $0.10 per share, as compared with a net loss, as restated, in the amount of $1,936,000, equal to $0.37 per share, in the same period in 1991. Net income for the six-month period ended June 30, 1992, was $304,000, equal to $0.06 per share, as compared with a net loss, as restated, of $3,506,000, equal to $0.67 per share, in the same period in 1991.
 McFARLAND ENERGY INC.
 Financial Results
 (unaudited)
 Quarter ended June 30, Six Months ended June 30,
 1992 1991(a) 1992 1991(a)
 Revenues $3,950,000 $3,989,000 $7,414,000 $8,177,000
 Net income $535,000 ($1,936,000) $304,000 ($3,506,000)
 Per share
 net income $0.10 ($0.37) $0.06 ($0.67)
 (a) Restated due to change in accounting method.
 Figures in parentheses are losses.
 McFarland Energy Inc. is an independent oil and gas exploration and production company headquartered in Santa Fe Springs. McFarland's stock is listed on the National Market System of the NASDAQ over the counter exchange.
 -0- 8/13/92
 /CONTACT: George J. Eckert or Ronald T. Yoshihara of McFarland Energy, 310-944-0181/
 (MCFE) CO: McFarland Energy Inc. ST: California IN: OIL SU: ERN


KJ-LS -- LA008 -- 9558 08/13/92 11:01 EDT
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Date:Aug 13, 1992
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