SEAGULL ENERGY CORP
5, 1998-02-17
NATURAL GAS TRANSMISISON & DISTRIBUTION
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check box if no longer subject to Section 16.
    Form 4 or Form 5 obligations may continue.

[ ] Form 3 Holdings Reported

[ ] Form 4 Transactions Reported

1. Name and Address of Reporting Person(s)
   GOODPASTURE, JOHN N.
   318 HUNTERS TRAIL
   
   
   HOUSTON, TX  77024
2. Issuer Name and Ticker or Trading Symbol
   SEAGULL ENERGY CORPORATION (SGO)
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
   ###-##-####
4. Statement for Month/Year
   12/97
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
   [ ] Director                   [ ] 10% Owner 
   [X] Officer (give title below) [ ] Other (specify below)
   Sr. V.P. Pipelines & Marketing 
7. Individual or Joint/Group Filing (Check Applicable Line)
   [X] Form filed by One Reporting Person
   [ ] Form filed by More than One Reporting Person

<TABLE>
<CAPTION>
Table I   Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Security                           2)Trans-    3.Trans- 4.Securities Acquired(A)      5)Amount of    6)  7)Nature of     
                                              action      action   or Disposed of (D)            Securities         Indirect        
                                              Date        Code                   A               Beneficially   D   Beneficial      
                                              (Month/                            or              Owned at       or  Ownership       
                                              Day/Year)   Code     Amount        D  Price        End of Year    I                   
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                           <C>         <C>      <C>           <C><C>          <C>            <C><C>              

Common Stock                                                                                     2,000          D  Direct           
Common Stock                                                                                     14,093         I  401(k) Plan      
Common Stock                                                                                     5,884          I  ESOP             

<CAPTION>
Table II (PART 1)  Derivative Securitites Acquired, Disposed of, or Beneficially Owned  (Columns 1 through 6)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative          2)Conversion    3)Trans-       4)Trans-  5)Number of Derivative            6)Date Exercisable and    
Security                       or Exercise     action         action    Securities Acquired (A)           Expiration Date           
                               Price of        Date           Code      or Disposed of (D)                                          
                               Derivative                                                                                           
                               Security                       Code      A                D                Exercisable  Expiration   
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>             <C>            <C>       <C>              <C>              <C>          <C>          
Incentive Stock Option (right  $17.3750                                                                                07/10/05     
to buy)                                                                                                                             
Incentive Stock Option (right  $25.5000                                                                                06/01/04     
to buy)                                                                                                                             
Non-Qualified Stock Option     $11.9375                                                                                03/20/02     
(right to buy)                                                                                                                      
Non-Qualified Stock Option     $17.3750                                                                                07/10/05     
(right to buy)                                                                                                                      
Non-Qualified Stock Option     $18.8125                                                                                05/13/07     
(right to buy)                                                                                                                      
Non-Qualified Stock Option     $23.5000                                                                                07/16/06     
(right to buy)                                                                                                                      
Non-Qualified Stock Option     $25.5000                                                                                06/01/04     
(right to buy)                                                                                                                      
Non-Qualified Stock Option     $26.3750                                                                                05/11/03     
(right to buy)                                                                                                                      
Phantom Stock Units (1)                        01/01/97       A         363                                                         
Phantom Stock Units (1)                        01/15/97       A         60                                                          
Phantom Stock Units (1)                        01/31/97       A         61                                                          
Phantom Stock Units (1)                        02/15/97       A         65                                                          
Phantom Stock Units (1)                        02/28/97       A         67                                                          
Phantom Stock Units (1)                        03/15/97       A         71                                                          
Phantom Stock Units (1)                        03/31/97       A         72                                                          
Phantom Stock Units (1)                        04/15/97       A         74                                                          
Phantom Stock Units (1)                        04/30/97       A         79                                                          
Phantom Stock Units (1)                        05/15/97       A         78                                                          
Phantom Stock Units (1)                        05/31/97       A         75                                                          
Phantom Stock Units (1)                        06/15/97       A         75                                                          
Phantom Stock Units (1)                        06/30/97       A         75                                                          
Phantom Stock Units (1)                        07/15/97       A         74                                                          
Phantom Stock Units (1)                        07/31/97       A         69                                                          
Phantom Stock Units (1)                        08/15/97       A         65                                                          
Phantom Stock Units (1)                        08/31/97       A         59                                                          
Phantom Stock Units (1)                        09/15/97       A         70                                                          
Phantom Stock Units (1)                        09/30/97       A         78                                                          
Phantom Stock Units (1)                        10/15/97       A         74                                                          
Phantom Stock Units (1)                        10/31/97       A         74                                                          
Phantom Stock Units (1)                        11/15/97       A         79                                                          
Phantom Stock Units (1)                        11/30/97       A         82                                                          
Phantom Stock Units (1)                        12/15/97       A         86                                                          
Phantom Stock Units (1)                        12/31/97       A         92                                                          

<CAPTION>
Table II (PART 2)  Derivative Securitites Acquired, Disposed of, or Beneficially Owned  (Columns 1,3 and 7 through 11)
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative          3)Trans-  7)Title and Amount                           8)Price     9)Number of   10) 11)Nature of    
Security                       action    of Underlying                                of Deri-    Derivative        Indirect        
                               Date      Securities                                   vative      Securities    D   Beneficial      
                                                                        Amount or     Security    Beneficially  or  Ownership       
                                                                        Number of                 Owned at      I                   
                  -                      Title                          Shares                    End of Year                       
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                            <C>       <C>                            <C>           <C>         <C>           <C> <C>             

Incentive Stock Option (right            Common Stock                   7,300                     7,300         D   Direct          
to buy)                                                                                                                             
Incentive Stock Option (right            Common Stock                   9,600                     9,600         D   Direct          
to buy)                                                                                                                             
Non-Qualified Stock Option               Common Stock                   25,000                    25,000        D   Direct          
(right to buy)                                                                                                                      
Non-Qualified Stock Option               Common Stock                   12,700                    12,700        D   Direct          
(right to buy)                                                                                                                      
Non-Qualified Stock Option               Common Stock                   36,000                    36,000        D   Direct          
(right to buy)                                                                                                                      
Non-Qualified Stock Option               Common Stock                   20,000                    20,000        D   Direct          
(right to buy)                                                                                                                      
Non-Qualified Stock Option               Common Stock                   6,400                     6,400         D   Direct          
(right to buy)                                                                                                                      
Non-Qualified Stock Option               Common Stock                   16,000                    16,000        D   Direct          
(right to buy)                                                                                                                      
Phantom Stock Units (1)        01/01/97  Common Stock                   363                                     D   Direct          
Phantom Stock Units (1)        01/15/97  Common Stock                   60                                      D   Direct          
Phantom Stock Units (1)        01/31/97  Common Stock                   61                                      D   Direct          
Phantom Stock Units (1)        02/15/97  Common Stock                   65                                      D   Direct          
Phantom Stock Units (1)        02/28/97  Common Stock                   67                                      D   Direct          
Phantom Stock Units (1)        03/15/97  Common Stock                   71                                      D   Direct          
Phantom Stock Units (1)        03/31/97  Common Stock                   72                                      D   Direct          
Phantom Stock Units (1)        04/15/97  Common Stock                   74                                      D   Direct          
Phantom Stock Units (1)        04/30/97  Common Stock                   79                                      D   Direct          
Phantom Stock Units (1)        05/15/97  Common Stock                   78                                      D   Direct          
Phantom Stock Units (1)        05/31/97  Common Stock                   75                                      D   Direct          
Phantom Stock Units (1)        06/15/97  Common Stock                   75                                      D   Direct          
Phantom Stock Units (1)        06/30/97  Common Stock                   75                                      D   Direct          
Phantom Stock Units (1)        07/15/97  Common Stock                   74                                      D   Direct          
Phantom Stock Units (1)        07/31/97  Common Stock                   69                                      D   Direct          
Phantom Stock Units (1)        08/15/97  Common Stock                   65                                      D   Direct          
Phantom Stock Units (1)        08/31/97  Common Stock                   59                                      D   Direct          
Phantom Stock Units (1)        09/15/97  Common Stock                   70                                      D   Direct          
Phantom Stock Units (1)        09/30/97  Common Stock                   78                                      D   Direct          
Phantom Stock Units (1)        10/15/97  Common Stock                   74                                      D   Direct          
Phantom Stock Units (1)        10/31/97  Common Stock                   74                                      D   Direct          
Phantom Stock Units (1)        11/15/97  Common Stock                   79                                      D   Direct          
Phantom Stock Units (1)        11/30/97  Common Stock                   82                                      D   Direct          
Phantom Stock Units (1)        12/15/97  Common Stock                   86                                      D   Direct          
Phantom Stock Units (1)        12/31/97  Common Stock                   92                        11,737        D   Direct          

<FN>
Explanation of Responses:

(1)
1-for-1                                                                                                                             
- -
The ESOP security holdings reflected in Table I are as of December 31, 1996 as the allocation of these securities for the year ended
 December 31, 1997 has not been completed as of the date of this filing but will be provided on an amended Form 5 as soon as the    
information becomes available.                                                                                                      
- -
Reporting person's increase in balance of Securities Beneficially Owned in the 401(k) Plan reported in Table I is a result of       
contributions made during 1997.                                                                                                     

</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ By: Sylvia Sanchez
    For: John N. Goodpasture
DATE 


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