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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
Date of Report (Date of earliest event reported) July 15, 1999
UNION PACIFIC RESOURCES GROUP INC.
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(Exact name of registrant as specified in charter)
Utah 1-13916 13-2647483
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No
incorporation)
777 Main Street, Fort Worth, Texas 76102
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code 817-321-6000
(Former name or former address, if changed since last report)
None.
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Item 5. Other Events.
Chairman and Chief Executive Officer Jack L. Messman to Retire
Attached as Exhibit 99.1 to this Report is the Press Release issued by
the Registrant on July 15, 1999, announcing the retirement of the Registrant's
Chairman and Chief Executive Officer, Jack L. Messman. Mr. Messman will be
succeeded by George Lindahl III who the Board of Directors elected unanimously
as Chairman of the Board, President and Chief Executive Officer.
Earnings Release For Second Quarter 1999
On July 27, 1999, Union Pacific Resources Group Inc. (the "Company")
issued a press release with respect to its financial results for the second
quarter of 1999, including operating revenues, net income and certain other
financial information. A copy of such press release which is incorporated herein
by reference is attached as Exhibit 99.2 to this Current Report on Form 8-K.
Forward Looking Statements
This report contains forward looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A
of the Securities Act of 1933, as amended. Such forward looking statements
concern, among other things, future profits, capital expenditures, development
activity, drilling activity, dispositions, and the Company's cost and debt
reduction plans. Such forward looking information is based upon management's
current plans, expectations, estimates and assumptions and is subject to a
number of uncertainties and risks that could significantly affect (i) current
plans, (ii) anticipated actions, (iii) the timing of such actions and (iv) the
Company's financial condition and results of operations. As a consequence,
actual results may differ materially from expectations, estimates or assumptions
expressed in any forward looking statements made by or on behalf of the Company.
The risks and uncertainties include generally (i) the volatility and uncertainty
of oil and gas prices, (ii) economic, political, judicial and regulatory issues
and developments, (iii) competition in the industry, (iv) demand for properties
being divested, (v) the economics of producing certain reserves, (vi) demand for
the supply of oil and gas, (vii) the ability to find or acquire and develop
reserves of natural gas and crude oil, and (viii) changes in the market price of
the Common Stock, which can be impacted by the foregoing as well as other
factors.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.1 Press Release, dated July 15, 1999.
99.2 Press Release, dated July 27, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
UNION PACIFIC RESOURCES GROUP INC.
/s/ JOSEPH A. LASALA, JR.
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By: Joseph A. LaSala, Jr.
Vice President, General Counsel and
Secretary
DATED: August 3, 1999
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EXHIBIT INDEX
Exhibit No. Description
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99.1 Press Release dated July 15, 1999.
99.2 Press Release dated July 27, 1999.