Consent of Ernst & Young LLP, Independent Auditors

        We consent to the reference to our firm under the caption "Experts" in
        the Registration Statement, Form S-3, and related Prospectus of Hondo
        Oil & Gas Company for the registration of 189,080 shares of its common
        stock and to the incorporation by reference therein of our report dated
        November 9, 1994, with respect to the consolidated financial statements
        and schedules of Hondo Oil & Gas Company included in its Annual Report
        (Form 10-K) for the year ended September 30, 1994, filed with the
        Securities and Exchange Commission.


                                                     /s/ Ernst & Young LLP

        Denver, Colorado
        May 5, 1995