EXHIBIT 99.1

                      PRESS RELEASE DATED FEBRUARY 4, 2002




GASCO
ENERGY



News Release
For Immediate Release

             GASCO ANNOUNCES STRATEGIC RELATIONSHIP WITH HALLIBURTON
             10-WELL UINTA BASIN DRILLING PROGRAM BEGINS IN FEBRUARY

DENVER - February 4, 2002 (PR Newswire) - Gasco Energy, Inc. (OTC BB: GASE)
announced the signing of a strategic relationship with Halliburton Energy
Services, a business segment of Halliburton Company (NYSE: HAL). The agreement
encompasses a 10-well pilot program over a period of three years, whichever
occurs first, and is part of Gasco's Riverbend Project in the Uinta Basin of
northeast Utah. Upon completion of the initial 10 wells, Halliburton has the
option to extend the agreement on the same basis for an additional 10 wells
during the contract period. The agreement with Halliburton represents a portion
of Gasco's drilling activities on its Uinta Basin properties.

Mark Erickson, Gasco President and CEO, said, "This is great news. Halliburton's
Integrated Solutions Group will team with Gasco engineers on field development
planning and solutions integration. A joint technical team brings together
Halliburton's best-of-class completion experience and Gasco's substantial
exploitation expertise. The structure of this agreement ensures that Halliburton
and Gasco are equally motivated to achieve maximum success on each of the wells.
The first development well under this agreement, the Federal 23-29 #1, is
expected to begin drilling in early February."

The Uinta Basin is known to hold a significant amount of recoverable natural gas
resources and has recently seen a substantial increase in drilling and
production activity. More than 98 Mesaverde wells have been drilled and
completed in the Uinta Basin during the past two years, with only one dry hole.

About Gasco Energy
Gasco Energy is a Denver-based natural gas and oil exploitation and development
company that focuses on natural gas rich prospects in the Rocky Mountain area of
the United States. The Company currently holds interest in more than 159,000
gross acres in Utah and has an Area of Mutual Interest agreement on 330,000
acres in the Greater Green River Basin of Wyoming. Go to WWW.GASCOENERGY.COM to
learn more about Gasco Energy, Inc.

Forward-looking statements
Certain statements contained herein are "forward-looking" statements (as such
term is defined in the Private Securities Litigation Reform Act of 1995).
Because such statements include risks and uncertainties, actual results may
differ materially from those expressed or implied by such forward-looking
statements.






GASCO
ENERGY


Contacts:

King Grant, Chief Financial Officer
(303) 483-0044




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