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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Seagull Energy Corporation
--------------------------
(Name of Issuer)
Common Stock
------------
(Title of Class of Securities)
812007 10 2
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(CUSIP Number)
As of December 31, 1998
-------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
Page 1 of 7
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SCHEDULE 13G - Amendment No. 1
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CUSIP No. 812007 10 2
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1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Cross Timbers Oil Company
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75-2347769
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [X] b) [ ]
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3) SEC Use Only
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4) Citizenship or Place of Organization
Delaware
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5) Sole Voting Power
Number of Shares 1,140,000
Beneficially Owned by ---------
Each Reporting Person ----------------------------
With 6) Shared Voting Power
3,254,000 *
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7) Sole Dispositive Power
1,140,000
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8) Shared Dispositive Power
3,254,000 *
---------
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
4,394,000 **
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11) Percent of Class Represented by Amount in Row (9)
6.9% **
----
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12) Type of Reporting Person (See Instructions)
CO
--
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* Represents shares held by Cross Timbers Trading Company, a wholly owned
subsidiary of Cross Timbers Oil Company.
** Includes 3,254,000 shares (5.1%) held by Cross Timbers Trading Company.
Page 2 of 7
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SCHEDULE 13G - Amendment No. 1
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CUSIP No. 812007 10 2
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1) Name of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)
Cross Timbers Trading Company
-----------------------------
75-2613610
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- --------------------------------------------------------------------------------
2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [X] b) [ ]
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3) SEC Use Only
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4) Citizenship or Place of Organization
Delaware
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5) Sole Voting Power
Number of Shares
Beneficially Owned by ----------------------------------------------------
Each Reporting Person 6) Shared Voting Power
With 3,254,000
---------
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7) Sole Dispositive Power
----------------------------------------------------
8) Shared Dispositive Power
3,254,000
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
3,254,000
---------
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
- --------------------------------------------------------------------------------
11) Percent of Class Represented by Amount in Row (9)
5.1%
----
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12) Type of Reporting Person (See Instructions)
CO
--
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Page 3 of 7
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SCHEDULE 13G - Amendment No. 1
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CUSIP No. 812007 10 2
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1) Name of Reporting Persons
I.R.S. Identification No. of above persons (entities only)
Bob R. Simpson
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2) Check the Appropriate Box if a Member of a Group (See Instructions)
a) [X] b) [ ]
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3) SEC Use Only
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4) Citizenship or Place of Organization
United States
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5) Sole Voting Power
Number of Shares 100,000
Beneficially Owned by -------
Each Reporting Person ---------------------------
With 6) Shared Voting Power
---------------------------
7) Sole Dispositive Power
100,000
-------
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8) Shared Dispositive Power
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9) Aggregate Amount Beneficially Owned by Each Reporting Person
100,000
-------
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10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See
Instructions) [ ]
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11) Percent of Class Represented by Amount in Row (9)
0.2%
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12) Type of Reporting Person (See Instructions)
IN
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Page 4 of 7
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Item 1.
(a) Name of Issuer:
SEAGULL ENERGY CORPORATION
(b) Address of Issuer's Principal Executive Offices:
1001 Fannin, Suite 1700
Houston, Texas 77002
Item 2.
(a) Name of Persons Filing:
Cross Timbers Oil Company
Cross Timbers Trading Company, a wholly owned
subsidiary of Cross Timbers Oil Company
Bob R. Simpson
(b) Address of Principal Business Office:
810 Houston Street, Suite 2000
Fort Worth, Texas 76102
(c) Citizenship:
Cross Timbers Oil Company is a Delaware corporation.
Cross Timbers Trading Company is a Texas corporation.
Bob R. Simpson is a citizen of the United States.
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
812007 10 2
Item 3.
Not applicable.
Item 4. Ownership
(a) Amount beneficially owned as of December 31, 1998:
Cross Timbers Oil Company (includes shares
held by Cross Timbers Trading Company) 4,394,000
Cross Timbers Trading Company 3,254,000
Bob R. Simpson 100,000
(b) Percent of class:
Cross Timbers Oil Company (includes shares
held by Cross Timbers Trading Company) 6.9%
Cross Timbers Trading Company 5.1%
Bob R. Simpson 0.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
Cross Timbers Oil Company 1,140,000
Cross Timbers Trading Company 0
Bob R. Simpson 100,000
(ii) Shared power to vote or to direct the vote:
Cross Timbers Oil Company 3,254,000
Cross Timbers Trading Company 3,254,000
Bob R. Simpson 0
Page 5 of 7
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(iii) Sole power to dispose or to direct the disposition of:
Cross Timbers Oil Company 1,140,000
Cross Timbers Trading Company 0
Bob R. Simpson 100,000
(iv) Shared power to dispose or to direct the disposition of:
Cross Timbers Oil Company 3,254,000
Cross Timbers Trading Company 3,254,000
Bob R. Simpson 0
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
The persons identified under Item 2 above are filing this schedule as
a group pursuant to Rule 13d-1(c).
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
Page 6 of 7
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
CROSS TIMBERS OIL COMPANY
Date: February 16, 1999 By: LOUIS G. BALDWIN
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Louis G. Baldwin
Senior Vice President and Chief
Financial Officer
CROSS TIMBERS TRADING COMPANY
By: LOUIS G. BALDWIN
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Louis G. Baldwin
Senior Vice President and Chief
Financial Officer
BOB R. SIMPSON
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Bob R. Simpson
Page 7 of 7
