SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
The Securities Act of 1934
Date of Report (Date of earliest event reported) September 25, 1995
Barrett Resources Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-13446 84-0832476
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1125 Seventeenth Street, Suite 2400, Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 297-3900
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Item 5. Other Events
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On September 25, 1995, the Registrant issued the following press
release:
"FOR IMMEDIATE RELEASE
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Contact: Donald H. Stevens
Laura M. Burford
(303) 297-3900
BARRETT RESOURCES REPORTS FIRST FULL MONTH
OF POST-MERGER OPERATIONS
Denver, Colo., September 25, 1995 - Barrett Resources Corporation (NYSE: BRR)
reported today that for the month of August 1995, the first full month of
combined operations after its July 1995 merger with Plains Petroleum Company,
its total revenues (unaudited) were $9.6 million and its net income (unaudited)
was $396,000. Production for the month was 4.8 billion cubic feet of natural
gas equivalent (Bcfe) after converting 151,000 barrels of oil production to an
Mcf equivalent.
Barrett is releasing these results in order to end a restricted stock trading
period under financial reporting rules for the use of pooling of interests
method of accounting for the merger. This will permit former officers and
directors of Plains to sell shares of Barrett stock.
Operating expenses for August included approximately $179,000 of salary and
related compensation expense that will not be continued after September 30, 1995
because it related to employees whose positions have been eliminated as a result
of the merger. Barrett anticipates that it will realize additional cost savings
over the next several months as certain other duplicative costs are eliminated.
Barrett Resources is a Denver-based independent natural gas and oil exploration
and production company that also is involved in gas gathering, marketing and
trading activities. Barrett's properties are focused primarily in the Rocky
Mountain region of Colorado and Wyoming and the Mid-Continent area of Kansas and
Oklahoma. The Company's stock is traded on the New York Stock Exchange under
the symbol BRR."
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.
Dated: September 25, 1995 BARRETT RESOURCES CORPORATION
By: /s/ JOHN F. KELLER
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John F. Keller
Executive Vice President
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