Exhibit 99.1

 Mission Resources Announces New Senior Vice President of Operations
                           and Engineering

    HOUSTON--(BUSINESS WIRE)--March 8, 2005--Mission Resources
Corporation (Nasdaq:MSSN) announced today that William R. Picquet has
joined the Company as Senior Vice President - Operations &
Engineering. He will be responsible for managing all operations of the
Company and for the evaluation, development and implementation of the
Company's drilling program.
    "Bill brings over 30 years of oil and gas experience to Mission.
His significant experience in the Onshore Gulf Coast area and in the
Gulf of Mexico combined with his proven track record of improving
portfolio performance as well as his extensive background in both
corporate and asset acquisitions will play an essential role in the
growth of the Company," said Robert L. Cavnar, Chairman, President and
Chief Executive Officer.
    Most recently, Mr. Picquet was Chief Executive Officer of a
private E&P Company (M3 Energy, LLC). Prior to that he was Managing
Director - USA for Waterous and Company. He has also previously held
the positions of Senior Vice President - North America for Gulf Canada
Resources and President of Torch Operating Company. Mr. Picquet
received a B.S. in Natural Gas Engineering from Texas A&M University
at Kingsville, graduating with highest honors. He is a registered
Professional Engineer in Texas and is a member of the Society of
Petroleum Engineers and the American Petroleum Institute.
    The Company granted stock options in connection with the
commencement of employment of Mr. Picquet. These options were granted
without stockholder approval pursuant to NASDAQ Marketplace Rule
4350(i)(1)(A)(iv). The terms are as follows: 250,000 non-qualified
stock options with an exercise price equal to the fair market value on
the grant date; vesting as to 33.3% of the option shares on the grant
date; as to 66.6% of the option shares one year following the grant
date and as to 100% of the option shares two years following the grant
date; any option shares which remain unexercised on the tenth
anniversary of the grant date shall expire.
    About Mission Resources: Mission Resources Corporation is a
Houston-based independent exploration and production company that
drills for, acquires, develops and produces natural gas and crude oil
primarily in the Permian Basin (in West Texas and Southeastern New
Mexico), along the Texas and Louisiana Gulf Coast and in both the
state and federal waters of the Gulf of Mexico.
    This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
These forward-looking statements are subject to certain risks, trends
and uncertainties that could cause actual results to differ materially
from those projected. Among those risks, trends and uncertainties are
our estimate of the sufficiency of our existing capital sources, our
ability to raise additional capital to fund cash requirements for
future operations, the uncertainties involved in estimating quantities
of proved oil and natural gas reserves, in prospect development and
property acquisitions and in projecting future rates of production,
the timing of development expenditures and drilling of wells, and the
operating hazards attendant to the oil and gas business. In
particular, careful consideration should be given to cautionary
statements made in the various reports the Company has filed with the
Securities and Exchange Commission. Mission undertakes no duty to
update or revise these forward-looking statements.

    CONTACT: Mission Resources Corporation, Houston
             Ann Kaesermann, 713-495-3100
             investors@mrcorp.com