UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 3 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
1. Name and Address of Reporting Person
HACKETT, JAMES T.
3382 DEL MONTE
HOUSTON, TX 77019
2. Date of Event Requiring Statement (Month/Day/Year)
9/16/98
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
###-##-####
4. Issuer Name and Ticker or Trading Symbol
SEAGULL ENERGY CORPORATION (SGO)
5. Relationship of Reporting Person to Issuer (Check all applicable)
[X] Director [ ] 10% Owner
[X] Officer (give title below) [ ] Other (specify below)
PRESIDENT AND
CHIEF EXECUTIVE OFFICER
6. If Amendment, Date of Original (Month/Day/Year)
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 Beneficially Owned
- -----------------------------------------------------------------------------------------------------
1)Title of Security 2)Amount of 3) 4)Nature of
Securities D Indirect
Beneficially or Beneficial
Owned I Ownership
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Common Stock 58,004(a) D Direct
<CAPTION>
Table II Derivative Securitites Beneficially Owned
- ------------------------------------------------------------------------------------------------------------------------------------
1)Title of Derivative Security 2)Date Exercisable 3)Title and Amount of 4)Conver- 5)Ownership 6)Nature of
and Expiration Date Securities Underlying sion or Form of Indirect
(Month/Day/Year) Derivative Security exercise Derivative Beneficial
price of Security Ownership
Date Expira- Amount or Deri- Direct(D)
Exer- tion Number of vative or
cisable Date Title Shares Security Indirect(I)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock Option (right to(1) 09/16/08 Common Stock 34,224 $11.6875 D Direct
buy)
Non-Qualified Stock Option (2) 09/16/08 Common Stock 357,772 $11.6875 D Direct
(right to buy)
<FN>
Explanation of Responses:
(1)
The option, which represents a right-to-buy, vests in four equal annual installments beginning one year from date of grant.
(2)
Includes one 200,000 share option which immediately vested on grant date and 157,772 share option which vests in four equal annual
installments beginning one year from date of grant.
(a)
Pursuant to a Restricted Stock Agreement dated September 16, 1998 between reporting person and Seagull Energy Corporation.
Reporting person has sole voting power but no investment power with respect to these restricted shares until all restriction and
forfeiture obligations lapse incrementally over a three year from the date of issuance.
</FN>
</TABLE>
SIGNATURE OF REPORTING PERSON
/S/ By: Sylvia Sanchez
For: James T. Hackett
DATE
