BARRETT RESOURCES CORP
8-K, 1998-03-23
CRUDE PETROLEUM & NATURAL GAS
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<PAGE>
 
                      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): March 23, 1998



                         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 Release.  The information set forth in a press release of the
Registrant dated March 23, 1998, which is filed as an exhibit hereto, is
incorporated herein by reference.

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

         (c) Exhibit


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

99.1     Press release dated March 23, 1998

                                       2
<PAGE>
 
                                   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:  March 23, 1998                      BARRETT RESOURCES CORPORATION



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

                                       3

<PAGE>
 
                                                                    EXHIBIT 99.1


On March 23, 1998, the Registrant issued the following press release:

"FOR IMMEDIATE RELEASE                                  Contact: J. Frank Keller
 ---------------------                                            (303) 572-3900


                        WILLIAM J. BARRETT ELECTED CEO
                       OF BARRETT RESOURCES CORPORATION


Denver, Colo., March 23, 1998 - Barrett Resources Corporation announced today
that William J. Barrett, Chairman of the Board, has been elected Chief Executive
Officer.  Mr. Barrett succeeds Paul M. Rady, who served as President and Chief
Executive Officer.  Mr. Barrett previously served as Chief Executive Officer of
Barrett Resources from 1981 until July 1997.

The Board Of Directors also elected A. Ralph Reed to serve as President and
Chief Operating Officer.  Mr. Reed has served as Executive Vice President-
Operations and a member of the Board of Barrett Resources since 1989 and 1990,
respectively.

Barrett Resources is a Denver-based independent natural gas and oil exploration
and production company that is also involved in gas gathering, marketing and
trading activities.  Barrett's properties are focused primarily in the Rocky
Mountain region of Colorado, Wyoming and Utah, the Mid-Continent area of Kansas,
Oklahoma, New Mexico and Texas, and the Gulf of Mexico region of offshore Texas
and Louisiana.  For additional information about Barrett, please visit our Web
site at www.brr.com.

                                      ###"


                                      


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