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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
Date of Report (Date of earliest event reported): January 8, 1997
Barrett Resources Corporation
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(Exact name of registrant as specified in its charter)
Delaware 1-13446 84-0832476
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1515 Arapahoe Street, Tower 3, Suite 1000, Denver, Colorado 80202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (303) 572-3900
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Item 5. Other Events
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Press Releases. The information set forth in press releases of the
Registrant dated January 8, 1997, which are filed as exhibits hereto, are
incorporated herein by reference.
Item 7. Financial Statements And Exhibits.
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(c) Exhibits
Exhibit
Number Description
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99.1 Press release dated January 8, 1997 (concerning filing of registration
statement)
99.2 Press release dated January 8, 1997 (concerning preliminary capital
expenditure budget)
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SIGNATURE
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 hereunto duly authorized.
Date: January 8, 1997 BARRETT RESOURCES CORPORATION
By: /s/ John F. Keller
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John F. Keller
Executive Vice President
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EXHIBIT 99.1
On January 8, 1997, the Registrant issued the following press release:
"FOR IMMEDIATE RELEASE Contact: Donald H. Stevens
--------------------- Laura M. Burford
(303) 572-3900
BARRETT RESOURCES FILES REGISTRATION FOR
$150,000,000, OF SENIOR NOTES
DENVER, COLO., JANUARY 8, 1997 - Barrett Resources Corporation (NYSE - BRR)
announced the filing of a registration statement with the Securities and
Exchange Commission for a public offering of $150,000,000 of senior notes of the
company due in the year 2007.
The offering will be managed by Goldman, Sachs & Co., Chase Securities Inc.,
Lehman Brothers and Petrie Parkman & Co. The net proceeds from the offering
will be used to repay in full indebtedness under the Company's credit facility,
which was $70 million as of December 31, 1996, to fund a portion of the
Company's planned exploration and development activities and for other general
corporate purposes, including possible acquisitions.
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. The
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there be any
sale of these securities in any state in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of any such state.
Barrett Resources is a Denver-based independent natural gas and crude oil
exploration and production company that is also involved in gas gathering,
marketing and trading activities. Barrett's properties and activities are
focused primarily in the Rocky Mountain region of Colorado and Wyoming, the Mid-
Continent area of Kansas, Oklahoma, and Texas, and the Gulf of Mexico.
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EXHIBIT 99.2
On January 8, 1997, the Registrant issued the following press release:
"FOR IMMEDIATE RELEASE Contact: Donald H. Stevens
--------------------- Laura M. Burford
(303) 572-3900
BARRETT ANNOUNCES $278 MILLION PRELIMINARY
CAPITAL EXPENDITURE BUDGET FOR 1997
DENVER, COLO., JANUARY 8, 1997 -- Barrett Resources Corporation (NYSE: BRR)
announced today that the Company's preliminary capital expenditure budget for
1997 is $278 million as compared to capital expenditures in 1996 of
approximately $237 million. The 1997 budget will be shared between the
Company's three core areas of the Rocky Mountains at $70 million, the Mid-
Continent at $53 million and the Gulf of Mexico at $114 million. The
preliminary budget also includes $25 million for strategic acquisitions in the
Company's core areas and $16 million for international activities in Peru. This
budget will allow the Company to participate in approximately 290 wells.
Separately, the Company announced it has reached an agreement on the 1997 price
with the purchaser of Barrett's Hugoton natural gas production under the
parties' long-term purchase agreement. Under this agreement, Barrett will
receive a price tied to a Mid-Continent index determined each month minus up to
20 cents per MMBtu for gathering services.
Barrett Resources is a Denver-based independent natural gas and crude oil
exploration and production company that is also involved in gas gathering,
marketing and trading activities. Barrett's properties and activities are
focused primarily in the Rocky Mountain region of Colorado and Wyoming, the Mid-
Continent area of Kansas, Oklahoma, Texas and the Gulf of Mexico.
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