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 19, 1996

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 a press release, 
dated November 19, 1996, the text of which was as follows:

Mallon Resources Corporation (Nasdaq/NMS: MLRC) today reported the 
successful completion of its Black River 10 Federal Com. No. 1, a 
Morrow formation development well in Eddy County, New Mexico.  The 
well, which was drilled to a total depth of 11,862 feet, has been 
placed on production and is currently flowing 6.7 million cubic feet 
of natural gas per day on a 23/64" choke at a tubing pressure of 1,660 
psi from the middle section of the Morrow formation perforated from 
11,340' to 11,430'.  The well's calculated absolute open flow rate 
from this section of the Morrow is 18 million cubic feet per day.  The 
well encountered a second productive formation in the upper section of 
the Morrow.  This upper section was not tested and is currently behind 
pipe.  Mallon Resources is operator of the well and owns a 25% working 
interest until payout, after which its working interest will increase 
to 29%.

"We are very pleased with the results of the Black River No. 1, which 
is the first well in our accelerated development drilling program in 
New Mexico," stated George Mallon, Chairman of Mallon Resources.  "Not 
only did we encounter two excellent Morrow sections, but the well's 
initial flow rates are significantly higher than expected."

Kevin Fitzgerald, President of Mallon Oil, stated, "Mallon is now 
preparing to re-enter a well one mile to the east of the Black River 
No. 1, where logs indicate productive pay in the same sections of the 
Morrow.  The re-entry should be completed in the first quarter of 
1997."

With the completion of its $15 million equity financing in October 
1996, Mallon has launched an aggressive drilling program to develop 
its low risk, high potential, acreage in the Delaware and San Juan 
Basins of New Mexico.  The Company expects to complete more than 50 
wells in 1997, compared to approximately ten wells in each of the last 
three years.  One drilling rig is currently running, and the Company 
plans to have a second rig in operation during December.

Mallon Resources Corporation is a Denver-based oil and gas exploration 
and production company with operations primarily in the Delaware and 
San Juan Basins of New Mexico.  Mallon also owns approximately 14 
million shares of Laguna Gold Company, which is engaged in precious 
metals exploration and development.  Laguna's common stock is listed 
on The Toronto Stock Exchange under the trading symbol "LGC."  
Mallon's common stock is listed on the Nasdaq under the trading 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


November 20, 1996          ___/s/ Roy 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 19, 1996

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 a press release, 
dated November 19, 1996, the text of which was as follows:

Mallon Resources Corporation (Nasdaq/NMS: MLRC) today reported the 
successful completion of its Black River 10 Federal Com. No. 1, a 
Morrow formation development well in Eddy County, New Mexico.  The 
well, which was drilled to a total depth of 11,862 feet, has been 
placed on production and is currently flowing 6.7 million cubic feet 
of natural gas per day on a 23/64" choke at a tubing pressure of 1,660 
psi from the middle section of the Morrow formation perforated from 
11,340' to 11,430'.  The well's calculated absolute open flow rate 
from this section of the Morrow is 18 million cubic feet per day.  The 
well encountered a second productive formation in the upper section of 
the Morrow.  This upper section was not tested and is currently behind 
pipe.  Mallon Resources is operator of the well and owns a 25% working 
interest until payout, after which its working interest will increase 
to 29%.

"We are very pleased with the results of the Black River No. 1, which 
is the first well in our accelerated development drilling program in 
New Mexico," stated George Mallon, Chairman of Mallon Resources.  "Not 
only did we encounter two excellent Morrow sections, but the well's 
initial flow rates are significantly higher than expected."

Kevin Fitzgerald, President of Mallon Oil, stated, "Mallon is now 
preparing to re-enter a well one mile to the east of the Black River 
No. 1, where logs indicate productive pay in the same sections of the 
Morrow.  The re-entry should be completed in the first quarter of 
1997."

With the completion of its $15 million equity financing in October 
1996, Mallon has launched an aggressive drilling program to develop 
its low risk, high potential, acreage in the Delaware and San Juan 
Basins of New Mexico.  The Company expects to complete more than 50 
wells in 1997, compared to approximately ten wells in each of the last 
three years.  One drilling rig is currently running, and the Company 
plans to have a second rig in operation during December.

Mallon Resources Corporation is a Denver-based oil and gas exploration 
and production company with operations primarily in the Delaware and 
San Juan Basins of New Mexico.  Mallon also owns approximately 14 
million shares of Laguna Gold Company, which is engaged in precious 
metals exploration and development.  Laguna's common stock is listed 
on The Toronto Stock Exchange under the trading symbol "LGC."  
Mallon's common stock is listed on the Nasdaq under the trading 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

November 20, 1996          ___/s/ Roy Ross__________________
                            Roy K. Ross, Executive Vice President