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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): June 27, 2000
PURE RESOURCES, INC.
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(Exact name of Registrant as specified in its charter)
Delaware 001-15899 74-2952918
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(State or other jurisdiction of Commission (I.R.S. Employer
incorporation or organization) File Number Identification No.)
79701
500 West Texas, Suite 200 ---------
Midland, Texas (Zip Code)
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(Address of principal executive offices)
Registrant's telephone number, including area code: (915) 498-8600
Not applicable
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(Former name, former address and former fiscal year, if changed
since last report
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ITEM 4. Changes in Registrant's Certifying Accountants
On May 25, 2000, Titan Exploration, Inc. ("Titan") merged with the Permian
Basin business unit (the "PBBU") of Unocal Corporation to form Pure Resources,
Inc. ("Pure"). Prior to the merger, KPMG LLP audited Titan, and
PricewaterhouseCoopers LLP audited the PBBU. As part of the merger, Titan's
management team remained intact and now manages Pure. At a meeting held on June
27, 2000, the Board of Directors and Audit Committee of Pure approved the
engagement of KPMG LLP as Pure's independent auditors for the fiscal year ending
December 31, 2000. In light of this decision, PricewaterhouseCoopers LLP was
terminated as the auditors of Pure.
The reports of PricewaterhouseCoopers LLP on PBBU's financial statements for
the past two fiscal years did not contain an adverse opinion or a disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope, or
accounting principles.
In connection with the audits of PBBU's financial statements for each of the
two fiscal years ended December 31, 1998 and 1999, and in the subsequent interim
period, there were no disagreements with PricewaterhouseCoopers LLP on any
matters of accounting principles or practices, financial statement disclosure,
or auditing scope and procedures which, if not resolved to the satisfaction of
PricewaterhouseCoopers LLP would have caused PricewaterhouseCoopers LLP to make
reference to the matter in their report.
Pure has requested PricewaterhouseCoopers LLP to furnish the Company with a
letter addressed to the Securities and Exchange Commission stating whether
PricewaterhouseCoopers LLP agrees with the above statements. A copy of that
letter will be filed with the Securities and Exchange Commission as an amendment
to this Form 8-K within 10 business days of this filing.
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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 hereunto duly authorized.
PURE RESOURCES, INC.
By: /s/ William K. White
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William K. White
Vice PresidentFinance and
Chief Financial Officer
Date: July 5, 2000
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