PRIMEENERGY CORP
10-C, 1996-06-03
CRUDE PETROLEUM & NATURAL GAS
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                       -----------------------------------

                                   FORM 10-C

                    Report by Issuer of Securities Quoted on
                      NASDAQ Interdealer Quotation System

                            PrimeEnergy Corporation
             (Exact Name of Registrant as Specified in its Charter)

                                     0-7406
                            (Commission File Number)

I.        Change in Number of Shares Outstanding

         1.      Title of Security:

                 Common Stock, par value, $.10

         2.      Number of Shares Outstanding Before the Change:

                 5,273,136

         3.      Number of Shares Outstanding After the Change:

                 4,806,399

         4.      Effective Date of Change:

                 May 31, 1996

         5.      Method of Change:

                 An aggregate of 466,737 shares were repurchased at various
                 times in open market and private transactions during the seven
                 months ended May 31, 1996, as treasury shares.

II.       Change in Name of Issuer:

          Not applicable
                                             
                                        PrimeEnergy Corporation


                                        By:  /s/ Beverly A. Cummings
                                             ---------------------------
                                             Beverly A. Cummings
                                             Executive Vice President

Dated: June 3, 1996


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