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                                                                    EXHIBIT 99.1



          COHO ENERGY COMPLETES ACQUISITION OF OKLAHOMA OIL PROPERTIES
               FROM AMOCO AND UPDATES BROOKHAVEN DRILLING RESULTS

Dallas, Texas--December 18, 1997--Coho Energy, Inc. (NASDAQ:COHO) today
closed its previously announced acquisition of Oklahoma Oil properties from
Amoco Production Company, a subsidiary of Amoco Corp. (NYSE:AN). The properties
were purchased for $257.5 million and warrants to purchase one million common
shares of Coho Energy at $10.425 for a period of five years.

Coho has acquired interests in more than 25,000 gross acres concentrated in
Southern Oklahoma, including 14 principal producing fields. Coho will operate
all but two of these fields and have an average working interest in these
fields of approximately 65%.  Coho's independent engineers have estimated that
the properties acquired have net proven reserves of 55.1 million equivalent
barrels, approximately 90% of which was oil.

Daily net production from the properties during September 1997 was
approximately 6,200 barrels of oil and 7.7 million cubic feet of natural gas,
or almost 7,500 equivalent barrels of oil, which will make Coho the largest
crude oil producer in Oklahoma. Coho is already the largest producer in
Mississippi. The properties currently contain 722 producing wells.

The Company funded the Amoco acquisition from working capital and a draw down
on its bank credit facility which has a borrowing base of $300 million.

Jeffrey Clarke, Coho's President and CEO, stated, "The Oklahoma properties
represent a tremendous growth opportunity for Coho.  The company's technical
staff have already identified numerous low risk exploitation opportunities
which Coho intends to quickly pursue. These assets are  concentrated in a small
geographic area and are very similar to the Company's successful Mississippi
salt basin operations so that the application of the Company's substantial
knowledge base should benefit the properties. Through an active operational and
exploitation program, we believe that we can quickly add substantially to
reserves and production. Coho is well positioned to capitalize on this
opportunity at the same time it maintains the momentum of our Mississippi
program."

In addition to the acquisition of  the Amoco properties, the Company also
announced that at Brookhaven, Mississippi Coho has completed the testing of two
further wells.  The 5-11 #1 well is producing from a Paluxy sand, flowing 380
barrels of oil per day through a 12/64" choke with a flowing tubing pressure of
425 psig.  The 32N-14 #1 well tested hydrocarbons from several sands, none of
which proved individually commercial and the well will be deepened, during the
first quarter of 1998, to the Rodessa formation which is productive in the
4-13C #1 well.  The 4-11 #4 well is currently being tested and the 4-9 #2 well
is drilling below 13,000 feet.  Results from both wells are expected in
January.

Coho Energy, Inc. is a Dallas based independent oil and gas producer focusing
on exploration and  exploitation of underdeveloped oil properties.

For further information, contact: Jeffrey Clarke, President and CEO or Anne
Marie O'Gorman, Senior Vice President at 972/774-8300.