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):  August 16, 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

On August 15, 1996, Mallon Resources Corporation (the "Company") 
issued a press release, the text of which was as follows:

Mallon Oil Company, a unit of Mallon Resources Corporation (Nasdaq: 
"MLRC"), announced a second quarter 1996 net loss after payment of 
preferred dividends of $616,000 ($0.08 per share) on revenues of 
$1,530,000.  Comparable amounts for the second quarter 1995 were a net 
loss of $352,000 ($0.05 per share) on revenues of $1,660,000.  The 
Company also reported a net loss after payment of preferred dividends 
for the six months ended June 30, 1996 of $1,271,000 ($.16 per share) 
on revenues of $2,941,000.  The comparable amounts for the first six 
months of 1995 were a net loss after payment of preferred dividends of 
$1,006,000 ($0.13 per share) on revenues of $2,828,000. 

Oil and gas sales decreased by $66,000 from the second quarter of 1995 
due primarily to decreased oil production and a lower oil price in 
1996.  The oil decrease was offset by increased gas production and gas 
prices.  Primarily contributing to the increased 1996 second quarter 
loss over the 1995 second quarter loss were increased mine operating 
and administration expenses due to the increased activities of Laguna 
Gold Company.  Interest expense was also higher in 1996 due to higher 
outstanding loan balances. 

Mallon's oil and gas operations, located primarily in the western 
United States, are conducted by its wholly-owned subsidiary, Mallon 
Oil Company.  Mallon is headquartered in Denver, Colorado.  The 
Company's common stock is listed on the Nasdaq's National Market 
System 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

August 16, 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):  August 16, 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

On August 15, 1996, Mallon Resources Corporation (the "Company") 
issued a press release, the text of which was as follows:

Mallon Oil Company, a unit of Mallon Resources Corporation (Nasdaq: 
"MLRC"), announced a second quarter 1996 net loss after payment of 
preferred dividends of $616,000 ($0.08 per share) on revenues of 
$1,530,000.  Comparable amounts for the second quarter 1995 were a net 
loss of $352,000 ($0.05 per share) on revenues of $1,660,000.  The 
Company also reported a net loss after payment of preferred dividends 
for the six months ended June 30, 1996 of $1,271,000 ($.16 per share) 
on revenues of $2,941,000.  The comparable amounts for the first six 
months of 1995 were a net loss after payment of preferred dividends of 
$1,006,000 ($0.13 per share) on revenues of $2,828,000. 

Oil and gas sales decreased by $66,000 from the second quarter of 1995 
due primarily to decreased oil production and a lower oil price in 
1996.  The oil decrease was offset by increased gas production and gas 
prices.  Primarily contributing to the increased 1996 second quarter 
loss over the 1995 second quarter loss were increased mine operating 
and administration expenses due to the increased activities of Laguna 
Gold Company.  Interest expense was also higher in 1996 due to higher 
outstanding loan balances. 

Mallon's oil and gas operations, located primarily in the western 
United States, are conducted by its wholly-owned subsidiary, Mallon 
Oil Company.  Mallon is headquartered in Denver, Colorado.  The 
Company's common stock is listed on the Nasdaq's National Market 
System 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

August 16, 1996                    /s/ Roy Ross
                                _____________________________________
                                Roy K. Ross, Executive Vice President