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TOREADOR ROYALTY ANNOUNCES PRODUCING GAS ACQUISITION

 TOREADOR ROYALTY ANNOUNCES PRODUCING GAS ACQUISITION
 DALLAS, July 24 /PRNewswire/ -- Toreador Royalty (NASDAQ: TRGL)


announced today that it had acquired producing working interest in eight gas wells located in the Springer Basin and Buffalo Valley Fields, Chaves County, N.M. These properties have estimated reserves of 292 million cubic feet, representing a 39 percent increase in Toreador's net gas reserves which were estimated at 734 million cubic feet as of Dec. 31, 1991. Toreador paid a consideration of $150,000 for these properties, equal to an acquisition cost of $0.51/MCF.
 Toreador owns in excess of 500,000 net mineral acres located primarily in the Texas Panhandle and Northwest Texas. In addition, the company owns working or royalty interests in Texas, New Mexico, Oklahoma, Arkansas and Louisiana.
 -0- 7/24/92
 /CONTACT: Peter R. Vig of Toreador Royalty, 214-220-2141/
 (TRGL) CO: Toreador Royalty ST: Texas, New Mexico IN: OIL SU: TNM


LR -- NY059 -- 3135 07/24/92 16:01 EDT
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Publication:PR Newswire
Date:Jul 24, 1992
Words:161
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