EXHIBIT 23.1





                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


As independent  public  accountants,  we hereby consent to the  incorporation by
reference of our report dated June 19, 1996,  included in this Form 11-K for the
year ended December 31, 1995,  into Snyder Oil  Corporation's  previously  filed
Registration Statement No. 33-48213.





                                                  ARTHUR ANDERSEN LLP




Dallas, Texas
    June 19, 1996