=============================================================================== UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [X] Filed by a Party other than the Registrant [_] Check the appropriate box: [_] Preliminary Proxy Statement [_] CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14A-6(E)(2)) [_] Definitive Proxy Statement [X] Definitive Additional Materials [_] Soliciting Material Pursuant to (S) 240.14a-11(c) or (S) 240.14a-12 Vastar Resources, Inc. - -------------------------------------------------------------------------------- (Name of Registrant as Specified In Its Charter) - -------------------------------------------------------------------------------- (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): [x] No fee required. [_] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. (1) Title of each class of securities to which transaction applies: ------------------------------------------------------------------------- (2) Aggregate number of securities to which transaction applies: ------------------------------------------------------------------------- (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): ------------------------------------------------------------------------- (4) Proposed maximum aggregate value of transaction: ------------------------------------------------------------------------- (5) Total fee paid: ------------------------------------------------------------------------- [_] Fee paid previously with preliminary materials. [_] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: ------------------------------------------------------------------------- (2) Form, Schedule or Registration Statement No.: ------------------------------------------------------------------------- (3) Filing Party: ------------------------------------------------------------------------- (4) Date Filed: ------------------------------------------------------------------------- NR00-19 September 11, 2000 FOR IMMEDIATE RELEASE VASTAR COMPLETES SALE OF INTEREST IN SOUTHERN COMPANY ENERGY MARKETING PARTNERSHIP Houston, TX -- Vastar Resources, Inc. (NYSE: VRI) today announced the completion of its previously disclosed sale of its 40 percent limited partnership interest in Southern Company Energy Marketing, L.P. (SCEM) to Southern Energy, Inc. (SEI) for $250 million in cash. SEI already holds the remaining 60 percent interest in SCEM, which is a marketer of electricity and natural gas. Vastar has agreed to a merger in which a subsidiary of BP (NYSE: BP) will acquire the approximately 18.2 percent of Vastar's common stock that is currently publicly held for $83 per share. BP already owns approximately 81.8 percent of Vastar's shares. Shareholders of Vastar will vote on the proposed merger with BP at a special meeting to be held on September 15, 2000. Vastar's board of directors has recommended that shareholders approve the offer. Vastar Resources, Inc., headquartered in Houston, Texas, finds, develops and produces natural gas and liquid hydrocarbons. The company is currently active in more than 100 producing fields, with production in the Gulf of Mexico shelf and deepwater, Gulf 1 Coast, Rocky Mountains and Mid-Continent areas. Additional information on Vastar is available on the company's website at www.vastar.com. ### Contacts: James Bartlett (281) 584-3448 (media) Ellen DeSanctis (281) 584-3477 (financial) 2