BARRETT RESOURCES CORP
8-K, 1996-06-24
PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS)
Previous: REPUBLIC INDUSTRIES INC, 424B3, 1996-06-24
Next: WHITMAN EDUCATION GROUP INC, SC 13D/A, 1996-06-24



<PAGE>
 
                      SECURITIES AND EXCHANGE COMMISSION


                            Washington, D.C.   20549



                                    FORM 8-K



               Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934



        Date of Report (Date of earliest event reported): June 20, 1996



                          Barrett Resources Corporation
             ------------------------------------------------------
             (Exact name of registrant as specified in its charter)

          Delaware                       1-13446                84-0832476
- ----------------------------       -----------------      --------------------
(State or other jurisdiction       (Commission File       (IRS Employer
 of incorporation)                  Number)                Identification No.)
 

     1515 Arapahoe Street, Tower 3, Suite 1000, Denver, Colorado   80202
     ----------------------------------------------------------------------
     (Address of principal executive offices)                    (Zip Code)



       Registrant's telephone number, including area code (303) 572-3900
                                                          --------------
<PAGE>
 
Item 5. Other Events
        ------------

        Press Releases.  The information set forth in press releases of the
Registrant dated June 20, 1996 and June 24, 1996, which are filed as exhibits
hereto, are incorporated herein by reference.

Item 7. Financial Statements And Exhibits.
        --------------------------------- 

        (c) Exhibits


Exhibit
Number  Description
- ------  -----------

99.1    Press release dated June 20, 1996

99.2    Press release dated June 24, 1996

                                       2
<PAGE>
 
                                   SIGNATURES

     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 thereunto duly authorized.


Dated:  June 24, 1996        BARRETT RESOURCES CORPORATION



                             By: /s/ JOHN F. KELLER
                                 -------------------------
                                 John F. Keller
                                 Executive Vice President

                                       3

<PAGE>
 
                                  EXHIBIT 99.1


     On June 20, 1996, the Registrant issued the following press release:

"FOR IMMEDIATE RELEASE                             Contact:    Donald H. Stevens
- ----------------------                               
                                                                Laura M. Burford
                                                                  (303) 572-3900
                 BARRETT OFFERING PRICED AT $26.375 PER SHARE
                                                                

     DENVER, COLO., JUNE 20, 1996 -- Barrett Resources Corporation (NYSE: BRR)
announced today the public offering of 4.8 million shares of common stock at
$26.375 per share.  The offering is being managed by Goldman, Sachs & Co.,
Salomon Brothers Inc, Howard, Weil, Labouisse, Friedrichs Incorporated, and
Petrie Parkman & Co., Inc.  The shares are being offered concurrently in the
United States and internationally.  The Company has granted the underwriters an
option to purchase up to an additional 600,000 shares to cover over-allotments,
if any.

The net proceeds to the Company, which are anticipated to be approximately $120
million, will provide equity capital with which the Company will reduce its
outstanding debt to facilitate drilling and other activities.

Copies of the prospectus relating to the offering may be obtained from Goldman,
Sachs & Co., 85 Broad Street, New York, New York 10004, (212) 902-1000.

Barrett Resources is a Denver-based independent natural gas and oil exploration
and production company that also is involved in gas gathering, marketing and
trading activities.  Barrett's properties are focused primarily in the Rocky
Mountain region of Colorado and Wyoming and the Mid-Continent area of Kansas and
Oklahoma.

                                     # # #"

                                       4

<PAGE>
 
                                  EXHIBIT 99.2


     On June 24, 1996, the Registrant issued the following press release:

"FOR IMMEDIATE RELEASE                               Contact:  Donald H. Stevens
- ----------------------                               
                                                                Laura M. Burford
                                                                  (303) 572-3900

                         BARRETT SIGNS LETTER OF INTENT
                      TO ACQUIRE PICEANCE BASIN INTERESTS

DENVER, COLO., JUNE 24, 1996 - Barrett Resources Corporation (NYSE: BRR)
announced today that it has signed a letter of intent to acquire additional
natural gas and oil reserves and pipeline interests in the Piceance Basin of
Colorado.

The acquisition, which is subject to approval of Barrett's Board of Directors
and negotiation of definitive agreements, would be for an aggregate of 1,387,387
shares of Barrett's common stock.  Based on the $27.75 per share closing price
of Barrett's common stock on the New York Stock Exchange on June 21, 1996, the
total consideration for this transaction would be approximately $38.5 million.
Any shares issued could not be sold prior to October 17, 1996 in accordance with
a "lock-up" agreement with the underwriters of the Company's recent offering of
5.4 million shares.  Up to 30 percent of the interests to be acquired are
subject to rights of first refusal by other owners of these assets.

Barrett currently owns an approximate 40 percent interest in these gas and oil
and pipeline assets.  The Company recently entered into a similar letter of
intent and is negotiating with another owner to acquire an approximate five
percent interest in these assets.

Barrett Resources is a Denver-based independent natural gas and oil exploration
and production company that also is involved in gas gathering, marketing and
trading activities.  Barrett's properties are focused primarily in the Rocky
Mountain region of Colorado and Wyoming and the Mid-Continent area of Kansas and
Oklahoma.

                                     # # #"

                                       5


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission