Date: Wed, 19 Nov 1997 23:51:13 GMT Server: NCSA/1.5.2 Last-modified: Wed, 19 Nov 1997 16:53:24 GMT Content-type: text/html Content-length: 9484 Meridian Resource News

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Texas Meridian Announces 1,400 Barrel Per Day Discovery Well in its East Cameron Field

Houston, Texas - March 12, 1997 - Texas Meridian Resources Corporation
(AMEX: TMR) announced today that it has increased the oil and gas reserves and areal extent of its East Cameron Field with the Davis No. 26-1 discovery well. Initial production testing on the Davis No. 26-1 resulted in daily rates of up to 2,000 barrels of oil per day (BOPD) with 6,000 pounds per square inch (psi) of flowing tubing pressure. The well is currently flowing into sales facilities at the field allowable rate of 1,400 BOPD and 300 thousand cubic feet of gas per day (MCF/D) at 6,050 psi, from the Abbeville formation.

The Davis No. 26-1 well is in a separate fault block from the two other fault blocks discovered by the Company's earlier wells in its East Cameron Field, and represents new reserves not reflected in the Company's year end financial statements. The well is the Company's fourth well drilled and placed on stream in the field since May of 1996, and brings expected daily field production to 4,000 BOPD and 1,850 MCF/D, of which approximately 40% is attributable to the Company's net interest. Based on these expected rates, the Company's current average daily net oil production from the East Cameron Field alone will exceed its average daily net oil production for 1996 from all sources.

The East Cameron Field as discovered to date covers an area approximately 3« miles long, and now represents the Company's largest
source of net oil and gas reserves. The Company expects to spud another
well in this new fault block before the end of the month, and at least two additional wells in the field before the end of the year. The East Cameron Field is operated by Texas Meridian, which holds a 62% working interest. Other owners include H. L. Hawkins, Jr. (25%), Optima Petroleum USA (8%) and private companies (5%).

Certain of the foregoing statements may be deemed "forward-looking statements" within the meaning of the Securities Exchange Act of 1934.
Although the Company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance that
such expectations will prove to have been correct. Certain risks and
uncertainties inherent in the Company's business are set forth in the filings of the Company with the Securities and Exchange Commission. These risks include price changes for oil and gas, risks regarding estimates of reserves, production risks, governmental regulations and general risks regarding the exploration for, and production of, oil and gas reserves.

Texas Meridian Resources Corporation is an independent oil and natural
gas company engaged in the exploration for, and development of, oil and
natural gas properties utilizing 3D seismic technology, primarily in south Louisiana and southeast Texas. The Company's office is located in Houston, Texas and its shares are traded on the American Stock Exchange
under the symbol "TMR."


FOR MORE INFORMATION CONTACT:

W. MATT RALLS,
JOSEPH A. REEVES, JR.
or
MICHAEL J. MAYELL
(713) 558-8080