EXHIBIT 99.1
Belden & Blake Corporation
News Release

5200 Stoneham Road, North Canton, Ohio 44720
Phone: 330-499-1660
Fax: 330-497-5463

Contact:  Patricia A. Harcourt                            FOR IMMEDIATE RELEASE
          Vice President, Administration                  June 23, 2004
          E-mail: pharcourt@beldenblake.com

        BELDEN & BLAKE ANNOUNCES PLANS TO OFFER $192.5 MILLION PRINCIPAL
        ----------------------------------------------------------------
         AMOUNT OF SENIOR SECURED NOTES DUE 2012 IN A PRIVATE PLACEMENT
         --------------------------------------------------------------


         North Canton, Ohio - Belden & Blake Corporation announced today its
plans to offer $192.5 million principal amount of Senior Secured Notes due 2012
pursuant to a private placement. The offering is expected to close on or about
the week of July 5, 2004.

         The Senior Secured Notes will be offered to qualified institutional
buyers in reliance on Rule 144A and to non-U.S. persons under Regulation S. The
net proceeds from the offering will be used principally to refinance the
Company's existing indebtedness in connection with a merger of a subsidiary of
Capital C Energy Operations, LP, a private investment entity controlled by
Carlyle/Riverstone Global Energy and Power Fund II, L.P., with and into the
Company, as well as to fund working capital.

         The Senior Secured Notes will not be registered under the Securities
Act of 1933, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements under
the Securities Act of 1933.

         This news release does not constitute an offer to sell or a
solicitation of an offer to buy these securities.

         The information in this release includes forward-looking statements
that are made pursuant to Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements, and the business
prospects of Belden & Blake are subject to a number of risks and uncertainties
which may cause the Company's actual results in future periods to differ
materially from the forward-looking statements contained herein. These risks and
uncertainties include, but are not limited to, the Company's access to capital,
the market demand for and prices of oil and natural gas, the Company's oil and
gas production and costs of operation, results of the Company's future drilling
activities, the uncertainties of reserve estimates and environmental risks.
These and other risks are described in the Company's 10-K and 10-Q reports and
other filings with the Securities and Exchange Commission.

         Belden & Blake Corporation engages in the exploitation, development and
production of natural gas and oil, and the gathering of natural gas in the
Appalachian and Michigan Basins (a region which includes Ohio, Pennsylvania, New
York, and Michigan).

                                      # # #