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  As a result of the addition of gathering systems and processing facilities
acquired during 1993, Zapata's natural gas gathering/processing subsidiary,
Cimarron Gas Companies, Inc., improved its operating results from the year-
earlier period. Despite lower prices for natural gas liquids caused by falling
oil prices, Cimarron had operating income for the 1994 first quarter of $600,000
on $43.5 million of revenues.  The 1993 quarterly results included $200,000 of
Cimarron's operating income on revenues of $50.7 million. 

  Zapata's marine protein operations reported improved operating performance
during the quarter based on increased sales volumes of fish meal and fish oil.
Divisional operating income totalled $1.8 million for the first quarter of 1994,
versus operating income of $500,000 for the year-earlier quarter. Revenue for
the first quarter of 1994 was $20.7 million, compared with $13.0 million a year
earlier.

  Zapata Corporation (NYSE symbol: ZOS) is a Houston-based international company
primarily involved in natural gas services.  Zapata rents, fabricates and
services natural gas compression packages, as well as gathers and processes
natural gas.  Zapata also produces natural gas and marine protein products.

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CONTACTS: Barney White, Vice President--Corporate Affairs,
          (713) 940-6240

          David Skarke, Vice President--Corporate Development,
          (713) 940-6148

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