UNITED STATES
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: July 16, 1998
EVERGREEN RESOURCES, INC.
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(Exact name of registrant as specified in its charter)
Colorado 0-10077 84-0834147
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(State of other juris- (Commission (IRS Employer
diction of incorporation File Number) Identification Number)
1401 17th St., Suite 1200, Denver, Colorado 80202
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (303) 298-8100.
ITEM 1: ACQUISITION OR DISPOSITION OF ASSETS
On July 2, 1998, Evergreen Resources, Inc. (the "Registrant")
completed the acquisition, effective July 1, 1998, of approximately
100% of the working interest in 27,590 acres in Amoco Production
Company's ("Amoco") Cottontail Pass Federal Unit, together with
existing well bores, production and related gathering facilities.
Evergreen estimates that 40 BCF will be added to the 225 BCF of
proved gas reserves the Company reported at December 31, 1997. The
Company estimates that there are approximately 100 additional
drilling locations in the Unit.
The Cottontail Pass Unit is situated between Evergreen's Spanish
Peaks and Sangre de Cristo Federal Units.
The acquisition of the Cottontail Pass Federal Unit from Amoco
resolves the current preferential rights litigation between Evergreen
and Amoco.
The purchase price was approximately $13,100,000 cash, funded by the
Company's line of credit with Hibernia National Bank as
administrative agent.
ITEM 2: FINANCIAL STATEMENTS AND EXHIBITS
N/A
(a) and (b) Pro forma financial information as to the Amoco property
acquisition and the Registrant required pursuant to Article 11 of
Regulation S-X will be filed by amendment on Form 8 on or before
August 30, 1998.
(c) Exhibits: Filed herewith pursuant to Reg. S-K Item 601
Exhibit No. Description
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2.1 Purchase and Sale Agreement - CPU PDP's
Outside Huerfano, By and Between Amoco Production
Company, seller and Evergreen Resources, Inc. buyer
2.2 Purchase and Sale Agreement - Non--CPU
Outside Huerfano, By and Between Amoco
Production Company, seller and Evergreen Resources,
Inc. buyer
2.3 Preferential Right Agreement
By and Between Amoco Production Company and
Evergreen Resources, Inc.
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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 hereunto duly authorized.
EVERGREEN RESOURCES, INC.
By: /s/ Kevin Collins
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Kevin Collins
July 16, 1998 Vice President Finance and
Chief Financial Officer
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