Consent of Independent Auditors

     We consent to the incorporation by reference in the Registration  Statement
on Form S-8  pertaining to the Chaparral  Resources,  Inc. Stock Warrant Plan of
our report dated March 26,  1998,  with  respect to the  consolidated  financial
statements  of Chaparral  Resources,  Inc.  included in the annual  Report (Form
10-K) for the period ended December 31, 1997.


                                                /s/  Ernst & Young LLP
                                                --------------------------------
                                                ERNST & YOUNG LLP


Houston, Texas
April 1, 1998