TEXOIL, INC.
NEWS RELEASE		FOR IMEDIATE
RELEASE
COMPANY CONTACT
Frank A. Lodzinski
President		       110 Cypress Station Drive
      Suite No. 220
      Houston, Texas 77090
      (281) 537-9920
      (281) 537-8324 - Fax

TEXOIL ANNOUNCES ACQUISITION OF SOUTH TEXAS GAS FIELD

HOUSTON, TEXAS, July 26, 1999 - Texoil, Inc., (NASDAQ Small Cap: "TXLID", Boston Stock Exchange "TXL") announced today that it has acquired Range Resources Corporation's interest in the Hagist Ranch Field located in Duval and McMullen Counties, Texas for approximately $5.4 million. The acquisition, which is effective July 1, 1999, will add 10.1 Bcf of gas and 238 Mbbl of condensate to the Company's revenues. The acquired wells currently produce approximately 2,400 Mcf gas per day and 60 barrels of condensate per day. Texoil operates the field and has 100% working interest with net revenue interest ranging from 81.2% to 87.5%.

President and CEO, Frank A. Lodzinski stated, "Our continuing business strategy includes growth through the acquisition of quality properties that will add to our current revenues and cash flows and have potential for improved production, operating cost reductions and development. Hagist Ranch is a good fit for us, given our experience and existing infrastructure in South Texas. The addition of this property increases our total estimated reserves, as of July1, 1999, to 48.4 Bcf of gas and 11.3 MMBbl and of oil with an estimated discounted present value (SEC PV10%) of $95.3 million, based on Nymex prices on June 30, 1999, adjusted for differentials. With sustained price improvement and additional opportunities for production growth through implementation of our capital development program and acquisition opportunities presently under review, we are very optimistic about 1999's results."

Texoil, Inc. (www.texoil.com), an independent energy company, acquires and develops oil and gas reserves through an active and diversified program that includes purchases of reserves, re-engineering, development and exploration activities, currently focused in Texas and South Louisiana. On December 31, 1997, the company acquired Cliffwood Oil & Gas Corp.; the merger resulted in a change of management and business strategy and substantially increased Texoil's financial resources.

This material 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. The opinions, forecasts, projections or other statements other than statements of historical fact, are forward-looking statements. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the company's business are set forth in the filings of the company with the Securities and Exchange Commission.

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