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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported):
December 15, 1997
SANTA FE ENERGY RESOURCES, INC.
(Exact name of Registrant as specified in its charter)
Delaware 1-7667 36-2722169
(State or other jurisdiction (Commission File No.) (I.R.S. Employer
of incorporation) Identification No.)
1616 South Voss Road, Suite 1000
Houston, Texas 77057
(Address of principal executive offices) (Zip Code)
(713) 507-5000
(Registrant's telephone number, including area code)
Item 5. Other Events
On December 15, 1997, Santa Fe Energy Resources, Inc. ( the "Company"),
announced that the Board of Directors authorized the repurchase of up to $50
million of the Company's Common Stock, and that the Board of Directors approved
a capital expenditure budget for 1998 of approximately $277 million. The press
release announcing these developments is filed as Exhibit 99.1 to this Current
Report on Form 8-K, and the contents of such Exhibit are incorporated herein by
reference.
Item 7. Exhibits
Exhibit 99.1 -- Press Release dated December 15, 1997.
SIGNATURE
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.
SANTA FE ENERGY RESOURCES, INC.
By: /s/ David L. Hicks
_______________________________
David L. Hicks
Vice President Law and General Counsel
Date: December 17, 1997