UNITED STATES 
                    SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549

     FORM 10-QSB

(Mark One)
[x]     QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
          SECURITIES EXCHANGE ACT OF 1934
     For the quarterly period ended         June 30, 1998   

     OR
 
[ ]     TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 
          SECURITIES EXCHANGE ACT OF 1934
     For the transition period from _______________ to ________________

          Commission file number     0-8609     

               Future Petroleum Corporation     
     (Exact name of small business issuer as specified in charter)

         Utah                        87-0239185      
(State or other jurisdiction of      (I.R.S. Employer         
incorporation or organization)     Identification No.)       

2351 West Northwest Highway, Suite 2130
            Dallas, Texas                                        75220         
(Address of principal executive offices)                       (Zip Code)   

                      (214)350-7602              
(Issuer's telephone number, including area code)

                                Not Applicable                       
(Former name, former address, and former fiscal year, if changed since
last report)

Check whether the issuer (1) filed all reports required to be filed by 
section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 
12 months (or for such shorter period that the registrant was required to 
file such reports), and (2) has been subject to such filing requirements 
for the past 90 days.      Yes  [x]        No [  ]

     APPLICABLE ONLY TO CORPORATE ISSUERS:

The Company had approximately 12,757,015 shares of common stock, par value
$0.01 per share, issued and outstanding as of August 14, 1998.

Transitional Small Business Disclosure Format (Check One): Yes  No X 

<PAGE>1
PART I.	FINANCIAL INFORMATION

CONSOLIDATED FINANCIAL STATEMENTS

Consolidated Balance Sheets
	June 30, 1998 (unaudited)
Statement of Operations and Accumulated Deficit (unaudited)
	Three months and six months ended June 30, 1998 and 1997
Statements of Cash Flows (unaudited)
	Three months and six months ended June 30, 1998 and 1997
Notes to Consolidated Financial Statements

MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION...

PART II.	OTHER INFORMATION


PART I
FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS


The condensed consolidated financial statements included 
herein have been prepared by the Company, without audit, pursuant 
to the rules and regulations of the Securities and Exchange 
Commission.  Certain information and footnote disclosures normally 
included in financial statements prepared in accordance with 
generally accepted accounting principles have been condensed or 
omitted.  However, in the opinion of management, all adjustments 
(which consist only of normal recurring adjustments) necessary to 
present fairly the financial position and results of operations 
for the periods presented have been made.  These condensed 
consolidated financial statements should be read in conjunction 
with financial statements and the notes thereto included in the 
Company's Form 10-KSB for the year ended December 31, 1997.



<PAGE>
<TABLE>
                             FUTURE PETROLEUM CORPORATION
                     
                                Balance Sheets
                                 June 30,1998





<S>                                                     <C>
CURRENT ASSETS:
     
     Cash and interest-bearing deposits                  $   55,974
     Current portion of notes receivable                     93,177
     Trade accounts receivable:
     Joint interest billings                                  2,398
     Accrued oil and gas sales                              180,117
                                                     --------------
                   Total Current Assets                     331,666


PROPERTY AND EQUIPMENT:
    Proved oil and gas properties, using 
    The full cost method of accounting                   13,479,058
    Other                                                    49,659
                                                      -------------
                                                         13,528,717

    Less accumulated depletion, deprecation, 
    Amortization and impairment                            (795,594)

                Net Property and Equipment               12,733,123

LEASE OPERATING RIGHTS:
     Lease operating rights                                 106,000
     Less accumulated amortization                          (15,000)
                                                       ------------

                Net Operating Rights                         91,000

OTHER ASSETS:
     Mining properties held for sale                         39,977
     Other                                                   42,361
                                                       ------------
              TOTAL OTHER ASSETS                             82,338

TOTAL ASSETS                                            $13,238,127
                                                       =============
</TABLE> 
<TABLE>
<CAPTION>
                           Future Petroleum Corporation
                               Balance Sheets
                                June 30, 1998

 
<S>                                             <C>
CURRENT LIABILITIES:
     Trade accounts payable                     $ 240,917
     Current portion of notes payable              26,486
     Accrued oil and gas proceeds payable          21,379
                                              -----------
        Total Current Liabilities                 288,782

DEFERRED GAIN ON SALE                              40,336

DEFERRED TAX LIABILITY                          1,298,650

LONG TERM NOTES PAYABLE                         7,256,223

STOCKHOLDERS' EQUITY:
Preferred stock, $0.01 par value, 200,000 
  shares authorized, no shares issued              --
Common stock, $0.01 par value, 30,000,000 shares authorized,
  shares issued and outstanding; 
  6,047,015 at June 30, 1998 and                  60,332
Additional paid-in capital                     4,601,394
Accumulated deficit                              (63,256)
Net income (loss)                               (244,334) 
                                              ------------
        Total Stockholders' Equity             4,354,136 

Total Liabilities and Stockholders' Equity  $ 13,238,127
</TABLE>
<TABLE>
<CAPTION>
                       Future Petroleum Corporation
                 Statement of Operations and Accumulated Deficit

                         Three Months Ended     Six Months Ended
                              June 30,               June 30,
                         -------------------     ---------------------
                         1998          1997      1998          1997
                         -------------------     ---------------------
<S>                      <C>          <C>        <C>          <C>
REVENUE:
Oil and gas sales     $    537,060      56,034   1,031,234    115,278
Well operation fees         37,127      63,204      59,295    107,819
                          ---------------------    -------------------
Total Revenues             574,187     119,238   1,090,529    223,097

COST AND EXPENSES:
Lease operations and 
Production taxes          352,720       35,298     643,448     90,778 
General and administrative142,786       39,542     220,653     94,423
Interest                  116,232        1,498     282,126      3,217
Depletion, depreciation
And amortization          100,616       28,769     202,314     59,114
                         ---------------------   ---------------------
Total Expenses            712,354      105,107   1,348,541    247,532 

OTHER INCOME:
Miscellaneous income        6,556        5,290      10,961     29,690
Interest income               609        7,742       2,717      8,566
                         ---------------------    ---------------------
                            7,165       13,032      13,678     13,821 
                         ---------------------    ---------------------

NET INCOME (LOSS)        (131,002)      27,163    (244,334)    13,821
                         ---------------------    ---------------------
BEGINNING ACCUMULATED 
DEFICIT                 $(176,588     $(65,780)   $(63,256)  $(52,438)
                         ---------------------    ---------------------
ENDING ACCUMULATED
DEFICIT                 $(307,590)    $(38,617)   $(307,590) $(38,617)
                         ---------------------    ---------------------
NET INCOME (LOSS) PER COMMON SHARE, 
(Basic and Deluded)     $   (0.02)    $   0.01    $   (0.04) $   0.00 
                         =====================    ====================
WEIGHTED AVERAGE COMMON
SHARES OUTSTANDING       6,033,000   4,092,000    6,033,000  4,092,000
                         =====================    ====================
</TABLE>
<TABLE>
<CAPTION>
                       Future Petroleum Corporation
                             Statement of Cash Flows

                         Three Months Ended     Six Months Ended
                              June 30,               June 30,
                         -------------------     ---------------------
                         1998          1997      1998          1997
                         -------------------     ---------------------
<S>                      <C>          <C>        <C>          <C>
CASH FLOWS FROM 
  OPERATING ACTIVATES:
Net Income         $      (131,002)     27,163   (244,334)     13,821
Adjustments to reconcile
To net cash used in 
 continuing operations:
Depreciation, depletion,
  and amortization         100,616      28,769     202,314     59,114
Decrease (increase)
in receivables              30,346     105,600      95,107     (4,288)
 (Decrease) increase in 
 accounts payable and
 accrued expenses          (3,137)     (81,552)    (44,119)   137,843
Other assets              (18,316)      (4,968)    (11,471)    (2,497)
                          ---------------------    -------------------
Net cash provided by
(used in) operations      (21,493)      75,012      (2,503)   203,993

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property
And equipment            (869,801)     (22,111) (1,080,887)  (144,683)
                         ---------------------   ---------------------
Net cash provided by (used in) 
Investing activities     (869,801)     (22,111) (1,080,887)  (144,683)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from sale 
  of stock                191,648         --       191,649     30,000
Additions to long-term 
  debt                    660,000         --       660,000      --
Reypayment of long-term 
  debt                     (1,627)      (5,294)     (5,216)   (15,341)
                         ---------------------    ---------------------
Net cash provided by
 (used in) financing 
  activities              850,021       (5,294)    846,433     14,659
                         ---------------------    ---------------------
NET INCREASE (DECREASE)
IN CASH and cash 
  Equivalent              (41,273)      47,607    (263,957)    73,969

CASH AND CASH EQUIVALENTS,
beginning of period      $ 97,247     $140,512    $292,931   $114,150
                         ---------------------    ---------------------
CASH AND CASH EQUIVALENTS,
end of period            $ 55,974     $188,119    $55,974    $188,119
                         =====================    ====================
CASH PAID FOR INTEREST 
DURING THE PERIOD         116,232        1,498    282,126       3,217
                         ---------------------    ---------------------
</TABLE>

ITEM 2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF 
OPERATION


This report includes "forward looking statements" within the 
meaning of Section 27A of the Securities Act of 1933, as amended, 
and Section 21E of the Securities Exchange Act of 1934, as amended 
("Exchange Act").  All statements other than statements of 
historical fact, including statements in Management's Discussion 
and Analysis or Plan of Operation and elsewhere in this report, 
regarding the Company's financial position, estimated quantities 
and net present values of reserves and future plans of management 
are forward looking statements. The Company can give no assurances 
that the assumptions upon which such statements were based will 
prove to have been correct.  Important factors that could cause 
actual results to differ materially from the Company's 
expectations ("Cautionary Statements") are disclosed in the 
Company's Forms 10-KSB and other periodic reports filed under the 
Exchange Act, which are herein incorporated by reference.  These 
factors include the volatile prices of oil and gas, risks inherent 
in operating oil and gas wells, the effect of environmental and 
other regulation and the substantial capital requirements to 
conduct oil and gas operations.  All subsequent written and oral 
forward looking statements attributable to the Company or persons 
acting on its behalf are expressly qualified by the Cautionary 
Statements.

INTRODUCTION

Future Petroleum Corporation (the "Company") is engaged 
through its subsidiaries and subsidiary partnerships in the 
development of oil and natural gas properties located onshore 
primarily in Texas, New Mexico, Oklahoma and, through a recent 
acquisition, California.

On August 14, 1998, the Company closed an acquisition by 
merger ("Bargo Acquisition") of oil and gas properties from Bargo 
Energy Resources, Ltd. ("Bargo") for a purchase price of $5.8 
million, 4.7 million shares of Future's common stock and a warrant 
to purchase an additional 250,000 shares of common stock.  The oil 
and gas properties purchased were a 37.68% working interest in the 
South Coles Levee Unit in Kern County, California.  As of August 
1, 1998, the properties had estimated net proved reserves of 500 
MBbls of oil and 8 Bcf of natural gas, or 11 Bcfe.

In connection with the Bargo Acquisition, certain 
partnerships affiliated with EnCap Investments L.C. ("EnCap") 
agreed to modify and extend their outstanding loans to the Company 
in the amount of approximately $7.3 million.  In connection with 
the renewal and amendment of the EnCap loans, the EnCap affiliates 
received 2.8 million shares of Future common stock. Following the 
transactions, the outstanding common stock of Future was owned 
approximately 1/3rd by EnCap affiliates, 1/3rd by Bargo and 1/3rd by 
management and public shareholders. 

On May 1, 1998, the Company acquired certain producing oil 
and gas properties from the EnCap affiliates and NCI Enterprises, 
Inc. through the acquisition of partnership interests in NCI-
Shawnee Limited Partnership ("NCI Shawnee Acquisition") in 
exchange for $66,000 and 200,000 shares of Future Common Stock.  
The oil and gas properties purchased were a 3.26% working interest 
in the Shawnee Townsite Unit, Pottawatomie County, Oklahoma.  As 
of December 1, 1997, the effective date of purchase, the 
properties had estimated net proved reserves of 162,000 Bbls of 
oil and 16,000 Mcf of natural gas.

RESULTS OF OPERATIONS

	The Company's results of operations are dependent upon the 
difference between prices received for its oil and gas production 
and the costs to find and produce such oil and gas.  Oil and gas 
prices have been and are expected in the future to be volatile and 
subject to fluctuations based on a number of factors beyond the 
control of the Company.

	The Company uses the full cost method of accounting for its 
oil and gas properties.  Under the full cost method of accounting, 
the costs of successful and unsuccessful exploration and 
development wells are capitalized as property and equipment, and 
the sum of net capitalized costs and estimated future development 
and dismantlement costs is amortized over the production of proved 
reserves using the unit of production method.  The costs of 
unproved properties are excluded from amortization until the 
properties are evaluated.  Interest on properties not subject to 
amortization and in the process of development is capitalized.  
Proceeds from the sale of properties are accounted for as 
reductions to capitalized costs, unless the sale results in a 
significant change in the relationship between costs and the 
estimated value of proved reserves or the underlying value of 
unproved properties, in which case a gain or loss is recognized.  
Unamortized costs of proved properties are subject to a ceiling 
test, which limits the maximum amount of such costs to the present 
value (discounted at 10%) of future net cash flows, after income 
taxes attributable to the Company's estimated net proved reserves.  
Accordingly, reductions in the prices of oil and gas, or 
reductions in the Company's proved reserves quantities, could 
reduce the ceiling below the unamortized costs resulting in a 
charge to earnings.

Three Months Ended June 30, 1998 Compared to Three Months Ended 
June 30, 1997

Revenues

	Oil and gas sales increased from $56,034 during the second 
quarter of 1997 to $537,060 during the second quarter of 1998. 
Total revenues increased from $119,238 during the second quarter 
of 1997 to $574,187 for the same period in 1998.  This increase in 
oil and gas sales and revenues was a direct result of the 
Company's acquisition of producing oil and gas properties in west 
Texas, the Permian Basin, the Texas Panhandle and northern 
Oklahoma in November 1997 (the "1997 Acquisition") and the NCI 
Shawnee Acquisition in May 1998.  Offsetting the increase in oil 
and gas sales was a 59% decrease in fees from well operations and 
lower prices primarily for oil and gas production.

Expenses

	During the three months ended June 30, 1998, lease operating 
expenses, including production taxes, were $352,720, as compared 
to $35,298 for the same period in 1997.  General and 
administrative expenses and depletion, depreciation and 
amortization increased to $142,786 and $100,616, respectively, 
during the three months ended June 30, 1998 as compared to $39,542 
and $28,769, respectively, for the same period in 1997.  This 
increase in expenses from $105,107 during the second quarter of 
1997 to $712,354 during the second quarter of 1998 was due to the 
increase in the number of producing properties owned by the 
Company as a result of the 1997 Acquisition and the NCI Shawnee 
Acquisition in May 1998 as well as non-recurring expenses 
associated with the NCI Shawnee Acquisition incurred in the second 
quarter of 1998. Interest expense was $116,232 for the three 
months ended June 30, 1998 as compared to $1,498 for the three 
months ended June 30, 1997 as a result of the increase in debt 
incurred by the Company to finance the 1997 Acquisition and the 
NCI Shawnee Acquisition.

Other Income (Expenses)

	Other income dropped from $13,032 during the second quarter 
of 1997 to $7,165 during the second quarter of 1998, or 55%.

Net Loss

	The Company had a net loss of $131,002 for the three months 
ended June 30, 1998 as compared to net income of $27,163 for the 
same period in 1997.  

Six Months ended June 30, 1998 Compared to Six Months Ended June 
30, 1997

Revenues

	Oil and gas sales increased from $115,278 during the first 
half of 1997 to $1,031,234 during the first half of 1998. Total 
revenues increased from $223,097 during the first half of 1997 to 
$1,090,529 for the same period in 1998.  This increase in revenues 
was a direct result of the Company's acquisition of the 1997 
Acquisition and the NCI Shawnee Acquisition in May 1998.  
Offsetting the increase in oil and gas sales was a 55% decrease in 
fees from well operations and lower prices for oil and gas 
production.

Expenses

	During the six months ended June 30, 1998, lease operating 
expenses, including production taxes, were $643,448, as compared 
to $90,778 for the same period in 1997.  General and 
administrative expenses and depletion, depreciation and 
amortization increased to $220,653 and $202,314, respectively, 
during the six months ended June 30, 1998 as compared to $94,423 
and $59,114, respectively, for the same period in 1997.  This 
increase in expenses from $247,532 during the first two quarters 
of 1997 to $1,348,541 during the first two quarters of 1998 was 
due to the increase in the number of producing properties owned by 
the Company as a result of the 1997 Acquisition and the NCI 
Shawnee Acquisition in May 1998 as well as expenses associated 
with such acquisition. Interest expense was $282,126 for the six 
months ended June 30, 1998 as compared to $3,217 for the six 
months ended June 30, 1997 as a result of the increase in debt 
incurred by the Company to finance the 1997 Acquisition and the 
NCI Shawnee Acquisition.

Other Income (Expenses)

	Other income dropped from $38,256 during the first two 
quarters of 1997 to $13,678 during the first two quarters of 1998, 
or 36%.

Net Loss

	The Company had a net loss of $244,334 for the six months 
ended June 30, 1998 as compared to net income of $13,821 for the 
same period in 1997.  


LIQUIDITY AND CAPITAL RESOURCES

	In the last five years, the Company's primary source of 
capital has been from the issuance of debt and restricted stock in 
exchange for oil and gas properties or interests in oil and gas 
properties and, to a lesser extent, cash flows from operations and 
the sale of non-strategic mining properties.

	In August 1998, the Company entered into a $20 million credit 
facility with Bank of America ("Credit Facility")  Maximum amounts 
which may be outstanding under the Credit Facility are limited by 
a borrowing base currently set at $10.5 million, which will be 
adjusted from time to time based on the value of the Company's oil 
and gas properties.  Borrowings of $7.9 million were used to 
finance the purchase price of the Bargo properties in the Bargo 
Acquisition, payment of a portion of indebtedness to EnCap and 
certain closing costs associated with the Bargo Acquisition.

	During the second half of 1998, the Company anticipates that 
it will make capital expenditures on oil and gas properties (other 
than acquisitions) of approximately $470,000. The Company does not 
have a specific acquisition budget but rather examines potential 
future acquisitions on a case-by-case basis. The Company continues 
to seek financing to fund the development of existing properties 
and to acquire additional assets.  The Company believes that 
proceeds from the issuance of equity and debt, cash flow from 
operations, sales of non-strategic properties and borrowings under 
the Credit Facility will provide the required capital for funding 
the Company's capital budget through 1998.

INFLATION

The Company's activities have not been, and in the near term are 
not expected to be, materially affected by inflation or changing 
prices in general.  The Company's oil exploration and production 
activities are generally affected by prevailing prices for oil, 
however.

YEAR 2000 ISSUE

The Company has reviewed its current computer software and 
hardware systems, and is currently working to resolve the 
potential problems associated with the Year 2000 and the 
processing of date sensitive information by such systems.  Based 
on preliminary information, the Company believes that it will be 
able to implement successfully the systems and programming changes 
necessary to address the Year 2000 issues, and does not expect the 
cost of such changes to have a material impact on the Company's 
financial position, results of operations or cash flows in future 
periods. 


PART II.	OTHER INFORMATION


ITEM 1.	LEGAL PROCEEDINGS

The Company is not presently a party to any material legal 
proceedings.

ITEM 2.	CHANGES IN SECURITIES

	During the second quarter of 1998, the Company sold 
securities without registration under the Securities Act of 1933 
("Act") in the following transactions:

On May 1, 1998, the Company acquired certain producing oil 
and gas properties from the EnCap affiliates and NCI Enterprises, 
Inc. through the acquisition of partnership interests in NCI-
Shawnee Limited Partnership ("NCI Shawnee Acquisition") in 
exchange for $66,000 and 200,000 shares of Future common stock, 
par value $.01 per share ("Common Stock").

	On April 9, 1998, the Company issued (i) 41,621 shares of 
Common Stock to Robert Price as compensation for the rental of 
certain property, (ii) 25,832 shares of Common Stock to Carl Price 
for past services to the Company, (iii) 48,023 shares of Common 
Stock to Don Wm. Reynolds for past services to the Company, (iv) 
12,000 shares of Common Stock to Charles D. Laudeman for past 
services to the Company, and (v) 16,800 shares of Common Stock to 
Christine Sirera for past services to the Company.  All of these 
issuances were based on a purchase price of $0.42 per share.

	The securities issued in the transactions described above 
were issued in reliance on the exemption from the registration and 
prospectus delivery requirements of the Act provided in Section 
4(2) thereof.

ITEM 4.	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

	At the annual meeting of shareholders held on June 6, 1998, 
the shareholders of the Company elected three individuals as 
directors for three year terms, approved an amendment to the 
Company's 1993 Employee Incentive Plan and voted to ratify the 
appointment of the independent public accountants for the fiscal 
year ending December 31, 1998.

	Regarding the proposal to amend the 1993 Employee Incentive 
Plan,  4,616,042 shares were cast for the proposal, 42,368 shares 
were cast against the proposal and 7,462 shares abstained from 
voting.  Regarding the proposal to approve the appointment of Hein 
+ Associates, L.L.P. as the independent public accountants of the 
Company, 4,614,407 shares were cast for the proposal, 0 votes were 
cast against the proposal and 249 shares abstained from voting. 


	The Shareholders elected three directors to serve on the 
Company's Board of Directors until the 2001 annual meeting of 
shareholders.

Directors Elected by				Votes Cast
Common			Votes Cast		Against or
Shareholders		For			Withheld		Abstain

Carl Price			4,664,639		0			1,233
Don Wm. Reynolds		4,664,639		0			1,233
Charles D. Laudeman	4,664,639		0			1,233


In connection with the Bargo Acquisition, Mr. Robert D. Price 
and Mr. D. William Reynolds, Jr. will resign from the Company's 
Board of Directors. The Company has agreed to expand its Board of 
Directors from five to seven persons.  Of the four vacancies on 
the Board of Directors, two will be filled by nominees of Bargo 
and two will be filled by nominees of the EnCap affiliate. 
Initially, Mr. Tim J. Goff, who will serve as Chairman of the 
Board, and Mr. Thomas D. Barrow will serve as Bargo's nominees, 
and Mr. Gary R. Petersen and Mr. D. Martin Philips will serve as 
EnCap's nominees. It is expected that the resignations will be 
effective and the nominees will take office on August 21, 1998.



ITEM 6.	EXHIBITS AND REPORTS ON FORM 8-K


(a)	Exhibit Number and Description.

2.	Plan of acquisition, reorganization, arrangement, 
liquidation or succession.

2.1 (a)		Purchase and Sale Agreement dated May 1, 1998 
                  by and among the Company, Energy Capital 
                  Investment Company PLC, EnCap Equity 1994 
                  Limited Partnership and NCI Enterprises, Inc.

2.2 (a)		Agreement and Plan of Merger dated August 14, 
                  1998 by and among the Company, Bargo Energy 
                  Resources, Ltd., SCL-CAL Company and Future-Cal-Tex 
                  Corporation.

4.	Instruments defining the rights of security holders, 
including indentures

4.1 (b)		Articles of Restatement of the Articles of Incorporation
4.2 (b)		Bylaws
4.3 (a)		Agreement dated August 14, 1998 by and 
                  among B. Carl Price, Bargo Energy Resources, 
                  Ltd., Energy Capital Investment Company PLC, and 
                  EnCap Equity 1994 Limited Partnership

10.	Material Contracts

10.1 (a)	Registration Rights Agreement among the Company 
           and Bargo Energy Resources, Ltd. dated August 
            14, 1998.

10.2 (a)	Registration Rights Agreement among the Company, 
            Energy Capital Investment Company PLC and EnCap 
            Equity 1994 Limited Partnership dated August 14, 
            1998.

10.3 (a)	Registration Rights Agreement among the Company, 
            B. Carl Price and certain other shareholders 
            dated August 14, 1998.

10.4 (a)	Stock Purchase Warrant by the Company to Bargo 
            Energy Resources, Ltd. dated August 14, 1998.

10.5 (a)	Shareholders' Agreement by and among the 
            Company, Bargo Energy Resources, Ltd., Energy 
            Capital Investment Company PLC, EnCap Equity 
            1994 Limited Partnership, B. Carl Price and Don 
            Wm. Reynolds dated August 14, 1998.

10.6 (a)	Amended and Restated Employment Agreement of B. 
            Carl Price dated August 14, 1998.
	
10.7 (a)	Agreement between the Company and Don Wm. 
            Reynolds dated as of November 18, 1997.
		
10.8 (a)	Agreement between the Company and Robert Price 
            dated as of November 18, 1997.
	
10.9 (a)	Note Restructuring Agreement by and among the 
            Company, Energy Capital Investment Company PLC, 
            EnCap Equity 1994 Limited Partnership and Gecko 
            Booty 1994 I Limited Partnership dated August 
            14, 1998.
		
10.10 (a)	Credit Agreement between the Company and 
            Bank of America National Trust and Savings 
            Association dated August 14, 1998.
		
10.11 (a)	Master Subordination Agreement by and 
            between Bank of America and Energy Capital 
            Investment Company PLC and EnCap Equity 1994 
            Limited Partnership dated August 14, 1998.
		
10.12 (a)	Pledge Agreement between Bank of America 
            and Bargo Energy Resources, Ltd. dated August 
            14, 1998.
		
10.13 (a)	Pledge Agreement between Bank of America 
            and Energy Capital Investment Company PLC dated 
            August 14, 1998.
		
10.14 (a)	Pledge Agreement between Bank of America 
            and EnCap Equity 1994 Limited Partnership dated 
            August 14, 1998.
		
10.15 (a)	Pledge Agreement between Bank of America 
            and B. Carl Price dated August 14, 1998.
		
10.16 (a)	Pledge Agreement between Bank of America 
            and Don Wm. Reynolds.
		
10.17 (a)	Guaranty dated April 30, 1998 by the 
            Company in favor of Energy Capital Investment 
            Company PLC, EnCap Equity 1994 Limited 
            Partnership, and Gecko Booty 1994 I Limited 
            Partnership.
		
10.18 (a)	Security Agreement dated May 1, 1998 
            between the Company and Energy Capital 
            Investment Company PLC, EnCap Equity 1994 
            Limited Partnership, and Gecko Booty 1994 I 
            Limited Partnership.
		
10.19 (a)	Amendment to Renewal Promissory Note 
            dated May 1, 1998 by the Company to EnCap Equity 
            1994 Limited Partnership dated August 14, 1998.
		
10.20 (a)	Amendment to Renewal Promissory Note 
            dated May 1, 1998 by the Company to Energy 
            Capital Investment Company PLC dated August 14, 
            1998.

	27.	Financial Data Schedule

		

(a)	Filed herewith.

(b)	Incorporated by reference from the Company's report of 
Form 10-K for the fiscal year ended December 31, 1994, 
filed with the Securities and Exchange Commission.


(b)	Reports on Form 8-K

	None.


SIGNATURES



Pursuant to the requirements of the Securities Exchange Act of 
1934, as amended, the registrant has duly caused this report to be 
signed on its behalf by the undersigned thereunto duly authorized.


					FUTURE PETROLEUM CORPORATION
							(Registrant)




						/s/ Carl Price
                     	B. Carl Price, President (on behalf 
                            of the Registrant and as the 
                             principal financial officer)

Date:	August 19, 1998