Exhibit 99.1

                             P R E S S   R E L E A S E

FOR IMMEDIATE RELEASE                           For further information contact:
                                                Shane M. Bayless
                                                713.821.7160
                                                sbayless@3tecenergy.com

3TEC Energy Corporation Announces Completion of Merger with Enex Resources
Corporation

Houston, Texas, January 2, 2002... 3TEC Energy Corporation ("3TEC") (NASDAQ:
TTEN) announced today that it has completed the previously announced cash merger
with Enex Resources Corporation ("Enex"). Pursuant to the terms of the
agreement, a wholly-owned subsidiary of 3TEC was merged into Enex resulting in
Enex becoming a wholly owned subsidiary of 3TEC. Prior to the merger, 3TEC owned
80% of the outstanding common stock of Enex. The merger was effective on
December, 31, 2001. As of such date, each share of Enex common stock not
previously owned by 3TEC has been converted into the right to receive $14.00 per
share in cash.

3TEC Energy Corporation is engaged in the acquisition, development, production
and exploration of oil and natural gas, with properties geographically
concentrated in East and South Texas and the Gulf Coast region.

The information contained in this press release may contain projections,
estimates and other forward-looking statements within the meaning of Section 27A
of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Although the Company believes that its expectations are based on
reasonable assumptions, it can give no assurance that its goals will be
achieved. Important factors that could cause actual results to differ materially
from those included in the forward-looking statements include the timing and
extent of changes in commodity prices for oil and gas, environmental risks,
drilling, producing and operating risks, including the risk that significant
properties do not achieve projected results, risks related to exploration and
development including risks relating to the lack of economic drilling prospects,
the inability of the Company to achieve expected efficiencies in controlling
expenses, uncertainties about the estimates of reserves, government regulation,
competition and the ability of the Company to meet its stated business goals.

Pennzoil Place    o     700 Milam Street, Suite 1100     o     Houston, TX 77002
                 o      713-821-7100     o     Fax 713-821-7200