BELLWETHER EXPLORATION CO
8-K, 2000-01-05
CRUDE PETROLEUM & NATURAL GAS
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<PAGE>

                                 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


                                January 5, 2000
                                 Date of Report
                       (Date of earliest event reported)



                         BELLWETHER EXPLORATION COMPANY
       (Exact name of small business issuer as specified in its charter)


           Delaware                        0-9498                76-0437769
(State or other jurisdiction of    (Commission file number)   (I.R.S. Employer
 incorporation or organization)                              Identification No.)


                             1331 Lamar, Suite 1455
                             Houston, Texas  77010
          (Address of principal executive offices, including zip code)


                                 (713) 650-1025
                (Issuer's telephone number, including area code)


                                      N/A
                        (Former name and former address,
                         if changed since last report)
<PAGE>

ITEM 1.  CHANGES IN CONTROL OF REGISTRANT

     Not applicable

ITEM 2.  ACQUISITION OR DISPOSITION OF ASSETS

     Not applicable

ITEM 3.  BANKRUPTCY OR RECEIVERSHIP

     Not applicable

ITEM 4.  CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANTS

     Not applicable

ITEM 5.  OTHER EVENTS

     Bellwether Exploration Company made the Press Release attached hereto as
Exhibit 99A.

ITEM 6.  RESIGNATION OF REGISTRANT'S DIRECTORS

     Not applicable

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

(a)  Financial Statements of Business Acquired.

     Not applicable to this filing.

(b)  Pro forma Financial Information.

     Not applicable to this filing.

(c)  Exhibits

     99A.  Copy of the Company's Press Release dated January 5, 2000

ITEM 8.  CHANGE IN FISCAL YEAR

     Not applicable

                                       2
<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                              Bellwether Exploration Company
                              (Registrant)



                              By: /s/ Robert Bensh
                                  -------------------------------------
Dated: January 5, 1999            Robert Bensh, Chief Financial Officer

                                       3
<PAGE>

                                 EXHIBIT INDEX

Exhibit
 Number                 Title of Document
- --------                -----------------
99A          Copy of the Company's Press Release dated January 5, 2000

                                       4

<PAGE>

                                                                     Exhibit 99A


                                                  BELLWETHER EXPLORATION COMPANY
[LOGO OF BELLWETHER                                       1331 LAMAR, SUITE 1455
 APPEARS HERE]                                         HOUSTON, TEXAS 77010-3039
                                                                    NEWS RELEASE



FOR IMMEDIATE RELEASE
JANUARY 5, 2000
                                           CONTACT:
                                           ROB BENSH
                                           SR. VICE PRESIDENT - FINANCE
                                           [email protected]
                                           (713) 756-7029


              BELLWETHER EXPLORATION ANNOUNCES THE APPOINTMENT OF
                    JUDY LEY ALLEN TO THE BOARD OF DIRECTORS


HOUSTON - Bellwether Exploration Company (NASDAQ: BELW) today announces the
appointment of Ms. Judy Ley Allen to the Board of Directors, bringing the
current number of directors to seven.  Ms. Allen is Co-Manager and Partner of
The Fairways at Pole Creek Development, L.L.C., which is engaged in the
development of a 27-hole, residential golf course community in Winter Park,
Colorado.  In addition, she is an asset manager for Allen Investments with
significant investments in oil and gas, real estate, timberland and stocks and
bonds.  Ms. Allen currently serves as a board member of the Federal Reserve Bank
of Dallas and on the Advisory Board of Governors for Rice University.  Ms. Allen
is involved in many civic activities including the Houston Museum of Natural
Science Board and the Houston Ballet Foundation Board, where she serves as a
Finance Committee member for both organizations.  Ms. Allen received her BA from
Stanford University and an MBA from Harvard Business School.

"Judy Allen is a wonderful addition to our already talented Board of Directors.
I am impressed with the breadth of Judy's experience and education and she will
make an excellent addition," said Mr. J.P. Bryan, Chairman and CEO of Bellwether
Exploration Company.

Bellwether Exploration Company is an independent oil and gas Company
headquartered in Houston, Texas.  Bellwether focuses on acquiring and developing
oil and gas properties located in West Texas, southeastern New Mexico, the
Texas/Louisiana Gulf Coast and Latin America.


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