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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
July 27, 1999
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Commission File Number 0-20872
ST. MARY LAND & EXPLORATION COMPANY
(Exact name of Registrant as specified in its charter)
Delaware 41-0518430
(State or other Jurisdiction (I.R.S.Employer Identification No.)
of incorporation or organization)
1776 Lincoln Street, Suite 1100, Denver, Colorado 80203
(Address of principal executive offices) (Zip Code)
(303) 861-8140
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On July 27, 1999, St. Mary Land & Exploration Company (the "Registrant") entered
into an agreement to acquire King Ranch Energy, Inc. ("KRE"), a subsidiary of
King Ranch, Inc., in a merger in which the Registrant will issue 2,666,252
shares of its common stock to shareholders of King Ranch and KRE will become a
wholly owned subsidiary of the Registrant. KRE's properties are located
primarily in the Gulf of Mexico and the onshore Gulf Coast. KRE's 1998
production was 48.8 MMCF equivalent per day. KRE's reported reserves at December
31, 1998, plus an acquisition made early in 1999, were 64.7 BCF equivalent and
82% natural gas. The merger agreement, which has been unanimously approved by
the Boards of Directors of both companies, is subject to obtaining a favorable
vote of the shareholders of the Registrant and King Ranch.
The press release of the Registrant announcing the merger agreement is filed as
Exhibit 99.1 to this report.
ITEM 7. EXHIBITS.
(c) Exhibit. The following exhibit is furnished as part of this report:
Exhibit 99.1 Press release of St. Mary Land & Exploration Company dated
July 27, 1999.
SIGNATURES
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Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ST. MARY LAND & EXPLORATION COMPANY
July 29, 1999 By /s/ MARK A. HELLERSTEIN
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Mark A. Hellerstein
President and Chief Executive
Officer
July 29, 1999 By /s/ RICHARD C. NORRIS
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Richard C. Norris
Vice President - Finance,
Treasurer and Secretary