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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934 Date of Report (Date of earliest event reported): May 22, 1998
SNYDER OIL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-10509 75-2306158
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
777 Main Street
Fort Worth, Texas 76102
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (817) 338-4043
Item 5. Other Events.
As announced on May 26, 1998, Snyder Oil Corporation (the "Company") acquired 75
percent of Amoco Production Company's ("Amoco") interest in the Beaver Creek
Unit and two associated gas plants in the Wind River Basin in Wyoming in
exchange for the Jonah Field portion of the Company's properties in the Deep
Green River Basin Project in Wyoming. Under the terms of the agreement,
effective January 1, 1998, SOCO also received Amoco's interest in the Deep Green
River Project outside the Jonah Field area and retained the deep rights in Jonah
beneath the Mesa Verde horizon at about 12,250 feet. As of the effective date,
SOCO's engineers estimate the acquired properties to contain net proved reserves
of approximately 100 billion cubic feet of gas equivalents (Bcfe) with a pre-tax
SEC value of $70 million. As of the same date, the Jonah Field interest
exchanged comprised 11 percent of SOCO's proved reserves, 51 Bcfe, and had a
pre-tax SEC value of $33 million.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
SNYDER OIL CORPORATION
By: /s/ Peter E. Lorenzen
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Peter E. Lorenzen
Vice President
June 1, 1998