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): January 15, 1998

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 January 15, 1998, the text of which follows:

     Denver, Colorado -- Mallon Resources Corporation (Nasdaq:  
"MLRC") reported that Peter H. Blum has joined the Company's Board 
of Directors.  Mr. Blum has over 17 years of experience in the 
energy industry, and is currently Senior Managing Director and 
Head of Investment Banking at Gaines, Berland Inc.  From 1990 
through 1996, he was a Managing Director and led the Energy and 
Merger & Acquisitions Groups at Rodman & Renshaw, Inc. and Mabon 
Securities Corp.  Mr. Blum has also been a partner at McLean 
Equities, Ltd. and Houghton & Company, Inc.  Mr. Blum, age 40, 
earned his undergraduate degree in accounting at the University of 
Wisconsin, Madison.

     George O. Mallon, Jr., Chairman of Mallon Resources 
Corporation, said, "We are extremely pleased to welcome Peter to 
our Board.  He has been an important supporter of the Company in 
the past, and we are confident that his broad knowledge and 
experience in the oil and gas industry will prove valuable to the 
Company in the future."

     Mr. Blum's appointment increases the size of the Company's 
Board to seven members.  Directors who are also employed by the 
Company are Mr. Mallon, Kevin M. Fitzgerald, and Roy K. Ross.  The 
non-management members of the Board are Mr. Blum, Frank Douglass 
of Dallas, Francis J. Reinhardt, Jr. of New York City, and Roger 
R. Mitchell of Holly Springs, North Carolina. 

     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


January 19, 1998            _/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): January 15, 1998

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 January 15, 1998, the text of which follows:

     Denver, Colorado -- Mallon Resources Corporation (Nasdaq:  
"MLRC") reported that Peter H. Blum has joined the Company's Board 
of Directors.  Mr. Blum has over 17 years of experience in the 
energy industry, and is currently Senior Managing Director and 
Head of Investment Banking at Gaines, Berland Inc.  From 1990 
through 1996, he was a Managing Director and led the Energy and 
Merger & Acquisitions Groups at Rodman & Renshaw, Inc. and Mabon 
Securities Corp.  Mr. Blum has also been a partner at McLean 
Equities, Ltd. and Houghton & Company, Inc.  Mr. Blum, age 40, 
earned his undergraduate degree in accounting at the University of 
Wisconsin, Madison.

     George O. Mallon, Jr., Chairman of Mallon Resources 
Corporation, said, "We are extremely pleased to welcome Peter to 
our Board.  He has been an important supporter of the Company in 
the past, and we are confident that his broad knowledge and 
experience in the oil and gas industry will prove valuable to the 
Company in the future."

     Mr. Blum's appointment increases the size of the Company's 
Board to seven members.  Directors who are also employed by the 
Company are Mr. Mallon, Kevin M. Fitzgerald, and Roy K. Ross.  The 
non-management members of the Board are Mr. Blum, Frank Douglass 
of Dallas, Francis J. Reinhardt, Jr. of New York City, and Roger 
R. Mitchell of Holly Springs, North Carolina. 

     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

January 19, 1998            _/s/ Roy K. Ross______________________
                            Roy K. Ross, Executive Vice President