SECURITIES AND EXCHANGE COMMISSION
                               Washington, D. C.  20549

                                        Form 8-K
Current Report Pursuant to Section 13 or 15(d) of The Securities Act of 1934

Date of Report (date of earliest event reported) November 24, 1997

Mallon Resources Corporation
(exact name of registrant as specified in its charter)

        Colorado               0-17267            84-1095959
     (State or other        (Commission        (I.R.S. Employer
     jurisdiction            File Number)      Identification No.)
     of incorporation)

     999 18th Street, Suite 1700, Denver, Colorado     80202
     (address of principal executive offices)        (zip code)

Registrant's telephone number, including area code: (303) 293-2333

not applicable
(former name or former address, if changed since last report)


Item 5.  Other Events

Mallon Resources Corporation (the "Company") issued the following 
press release, dated June 25, 1997, the text of which follows:

     Mallon Resources Corporation Mallon Resources Corporation 
(Nasdaq:  "MLRC") reported today that as of September 30, 1997, 
the Company's estimated proved oil and gas reserves had increased 
40% to 9,033 MBOE from the 6,439 MBOE reported at year end 1996.  
The Company attributed the increase to the results of its 
development drilling and recompletion work, and noted that it had 
not purchased any reserves during the period.  The Company's 
September 30, 1997 reserve report was prepared by Ryder Scott 
Company Petroleum Engineers.

     The Company also reported that its San Juan Basin Gas Project 
in northwest New Mexico is producing approximately 9.5 million 
cubic feet of gas per day from a total of eight wells.  Four Gas 
Project wells are currently shut-in due to gas sweetening plant 
capacity limitations.  The Company estimates that these 12 wells, 
together, are capable of producing in excess of 13.5 million cubic 
feet of gas per day.  The Company is in the process of increasing 
the processing capacity of the gas sweetening plant to 24 million 
cubic feet per day.  That work is scheduled to be completed in 
March 1998.

     Mallon plans to drill two new Project wells by year end, and 
drill or recomplete an additional 37 Project wells during 1998.  
The Company has identified in excess of 80 prospective drilling or 
recompletion locations on Project acreage.  Mallon owns in excess 
of a 90% working interest in the San Juan Basin Gas Project.
Mallon Resources Corporation is a Denver, Colorado, based oil and 
gas exploration and production company operating primarily in the 
San Juan and Delaware Basins of New Mexico.  Mallon's Common Stock 
is quoted on the Nasdaq National Market tier of the Nasdaq Stock 
Market under the symbol "MLRC."

                             Signatures

     Pursuant to the requirements of the Securities Exchange act 
of 1934, the registrant has duly caused this report to be signed 
on its behalf by the undersigned hereunto duly authorized.

                             Mallon Resources Corporation



December 2, 1997             ___/s/ Roy K. Ross_______________
                             Roy K. Ross, Executive Vice President
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SECURITIES AND EXCHANGE COMMISSION
                               Washington, D. C.  20549

                                        Form 8-K
Current Report Pursuant to Section 13 or 15(d) of The Securities Act of 1934

Date of Report (date of earliest event reported) November 24, 1997

Mallon Resources Corporation
(exact name of registrant as specified in its charter)

        Colorado               0-17267            84-1095959
     (State or other        (Commission        (I.R.S. Employer
     jurisdiction            File Number)      Identification No.)
     of incorporation)

     999 18th Street, Suite 1700, Denver, Colorado     80202
     (address of principal executive offices)        (zip code)

Registrant's telephone number, including area code: (303) 293-2333

not applicable
(former name or former address, if changed since last report)

Item 5.  Other Events

Mallon Resources Corporation (the "Company") issued the following 
press release, dated June 25, 1997, the text of which follows:

     Mallon Resources Corporation Mallon Resources Corporation 
(Nasdaq:  "MLRC") reported today that as of September 30, 1997, 
the Company's estimated proved oil and gas reserves had increased 
40% to 9,033 MBOE from the 6,439 MBOE reported at year end 1996.  
The Company attributed the increase to the results of its 
development drilling and recompletion work, and noted that it had 
not purchased any reserves during the period.  The Company's 
September 30, 1997 reserve report was prepared by Ryder Scott 
Company Petroleum Engineers.

     The Company also reported that its San Juan Basin Gas Project 
in northwest New Mexico is producing approximately 9.5 million 
cubic feet of gas per day from a total of eight wells.  Four Gas 
Project wells are currently shut-in due to gas sweetening plant 
capacity limitations.  The Company estimates that these 12 wells, 
together, are capable of producing in excess of 13.5 million cubic 
feet of gas per day.  The Company is in the process of increasing 
the processing capacity of the gas sweetening plant to 24 million 
cubic feet per day.  That work is scheduled to be completed in 
March 1998.

     Mallon plans to drill two new Project wells by year end, and 
drill or recomplete an additional 37 Project wells during 1998.  
The Company has identified in excess of 80 prospective drilling or 
recompletion locations on Project acreage.  Mallon owns in excess 
of a 90% working interest in the San Juan Basin Gas Project.
Mallon Resources Corporation is a Denver, Colorado, based oil and 
gas exploration and production company operating primarily in the 
San Juan and Delaware Basins of New Mexico.  Mallon's Common Stock 
is quoted on the Nasdaq National Market tier of the Nasdaq Stock 
Market under the symbol "MLRC."

                             Signatures

     Pursuant to the requirements of the Securities Exchange act 
of 1934, the registrant has duly caused this report to be signed 
on its behalf by the undersigned hereunto duly authorized.

                             Mallon Resources Corporation

December 2, 1997             ___/s/ Roy K. Ross_______________
                             Roy K. Ross, Executive Vice President