EXHIBIT 99.2


BELDEN & BLAKE CORPORATION
NEWS RELEASE

5200 Stoneham Road, North Canton, Ohio 44740
Phone: 330-499-1660
Fax: 330-497-5463

Contact    Patricia A. Harcourt                         FOR IMMEDIATE RELEASE
           Vice President, Administration               June 16, 2004
           E-mail: pharcourt@beldenblake.com

           BELDEN & BLAKE COMMENCES TENDER OFFER FOR ITS 9 7/8% SENIOR
                          SUBORDINATED NOTES DUE 2007

North Canton, Ohio - Belden & Blake Corporation announced today that it has
commenced a tender offer ("Tender Offer") and consent solicitation ("Consent
Solicitation") to purchase for cash any and all of its outstanding $225,000,000
aggregate principal amount of 9 7/8% Senior Subordinated Notes due 2007 (the
"Securities") (CUSIP Number 077447AC4).

Belden & Blake is offering to purchase outstanding Securities at 102.5% of the
principal amount of the Securities tendered, which includes a consent payment of
2.50%, to the holders of Securities (the "Holders") who validly tender their
Securities, and deliver consents to amendments of the indenture governing the
Securities, prior to 5:00 p.m., New York City time, on Tuesday, June 29, 2004.
Holders who validly tender Securities after that time and prior to 5:00 p.m.,
New York City time on July 15, 2004, the expiration of the Tender Offer, will
receive 100% of the principal amount of the Securities tendered and will not
receive the 2.50% consent payment. Holders who validly tender Securities at any
time during the tender offer period also will be paid accrued and unpaid
interest up to, but not including, the applicable date of payment for the
Securities.

The Tender Offer and Consent Solicitation is being conducted in conjunction with
the financing of a merger (the "Merger") of a subsidiary of Capital C Energy
Operations, L.P., a privately held partnership, with and into Belden & Blake,
pursuant to an Agreement and Plan of Merger, dated June 15, 2004.

The Securities are redeemable at the option of Belden & Blake, at a redemption
price equal to 101.646% of their principal amount plus accrued and unpaid
interest to the redemption date.

The Tender Offer is scheduled to expire at 5:00 p.m., New York City time, on
Thursday, July 15, 2004, unless extended or earlier terminated. Holders
tendering their Securities will be required to consent to certain proposed
amendments to the indenture governing the Securities, which will eliminate
substantially all of the indenture's restrictive covenants. Holders may not
tender their Securities without delivering consents or deliver consents without
tendering their Securities. Holders who validly tender their Securities by 5:00
p.m., New York City time, on June 29, 2004, are expected to receive payment
promptly thereafter, and Holders who tender Securities after 5:00 p.m. on June
29th and prior to the offer's expiration at 5:00 p.m., New York City time, on
July 15, 2004 are expected to receive payment promptly thereafter.

The Tender Offer is subject to the satisfaction of certain conditions, including
the Company's receipt of tenders of Securities representing a majority of the
principal amount of such Securities






outstanding, the Company having closed the Merger, and the Company having
secured sufficient funds which will allow it to consummate the Tender Offer and
Consent Solicitation.

Belden & Blake has engaged Goldman, Sachs & Co. to act as the exclusive dealer
manager and solicitation agent for the Tender Offer and the Consent
Solicitation. Questions regarding the Tender Offer and the Consent Solicitation
may be directed to Goldman, Sachs & Co., 85 Broad Street, 29th Floor, NY, NY
10004, Attn: Credit Liability Management Group, at (800) 828-3182 (U.S. toll
free) or (212) 902-4419 (collect). Requests for documentation may be directed to
Global Bondholder Services Corporation, at (212) 430-3774 (collect; for banks
and brokers) or (866) 795-2200 (toll free; for all other than banks and
brokers).

This announcement is not an offer to purchase, a solicitation of an offer to
purchase or a solicitation of consent with respect to any securities. The Tender
Offer is being made solely by the Offer to Purchase and Consent Solicitation
Statement dated June 16, 2004.

The information in this release includes forward-looking statements that are
made pursuant to Safe Harbor Provisions of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements, and the business prospects of
Belden & Blake are subject to a number of risks and uncertainties which may
cause the Company's actual results in future periods to differ materially from
the forward-looking statements contained herein. These risks and uncertainties
include, but are not limited to, the Company's access to capital, the market
demand for and prices of oil and natural gas, the Company's oil and gas
production and costs of operation, results of the Company's future drilling
activities, the uncertainties of reserve estimates and environmental risks.
These and other risks are described in the Company's 10-K and 10-Q reports and
other filings with the Securities and Exchange Commission.

Belden & Blake Corporation engages in the exploration, development and
production of natural gas and oil, and the gathering of natural gas in the
Appalachian and Michigan Basins (a region which includes Ohio, Pennsylvania, New
York, and Michigan).


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