BELCO OIL & GAS CORP
S-8 POS, EX-23.1, 2000-11-07
CRUDE PETROLEUM & NATURAL GAS
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                                                                    EXHIBIT 23.1

                    CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS


     We  consent  to the  incorporation  by  reference  in this  Post  Effective
Amendment No. 1 to Registration  Statement No. 333-3552 of Belco Oil & Gas Corp.
on  Form  S-8 of our  report  dated  February  23,  2000,  with  respect  to the
consolidated  financial  statements  of Belco  Oil & Gas Corp.  included  in its
Annual Report (Form 10-K) for the year ended  December 31, 1999,  filed with the
Securities and Exchange Commission.

                                        /s/ Arthur Andersen LLP



Dallas, Texas
November 3, 2000


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