SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 5 )*
American Exploration Company
(Name of Issuer)
Common Stock, par value $.05 per share
(Title of Class of Securities)
025762-10-5
(CUSIP Number)
Peter E. Lorenzen
Snyder Oil Corporation
777 Main Street
Suite 2500
Fort Worth, TX 76102
(817) 338-4043
(Name, Address, and Telephone Number of Person
Authorized to Receive Notices and Communications)
July 22, 1994
(Date of Event which Requires Registrant
of this Statement)
If the filing person has previously filed a statement on Schedule
13G to report the acquisition which is the subject of this Schedule
13D, and is filing this schedule because of Rule 13d-1(b)(3) or
(4), check the following box / /.
Check the following box if a fee is being paid with the statement
/ /. (A fee is not required only if the reporting person: (1) has
a previous statement on file reporting beneficial ownership of more
than five percent of the class of securities described in Item 1;
and (2) has filed no amendment subsequent thereto reporting
beneficial ownership of five percent or less of such class.) (See
Rule 13d-7.)
Note: Six copies of this statement, including all exhibits, should
be filed with the Commission. See Rule 13d-1(a) for other parties
to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the
subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a
prior cover page.
The information required on the remainder of this cover page shall
not be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934, as amended (the "Act"), or
otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see
the Notes).
(Continued on following pages)
<PAGE>
CUSIP No. 025762-10-5
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Snyder Oil Corporation
I.R.S. Identification No. 75-2306158
2 Check the Appropriate Box if a Member of a Group* (a) / /
(b) / /
3 SEC USE ONLY
4 Source of Funds*
WC BK
5 Check Box if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e) / /
6 Citizenship or Place of Organization
Delaware
7 Sole Voting Power
Number of 9,161,394
Shares
Beneficially 8 Shared Voting Power
Owned By 0
Each
Reporting 9 Sole Dispositive Power
Person 9,161,394
With
10 Shared Dispositive Power
0
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
9,161,394
12 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares* / /
13 Percent of Class Represented by Amount in Row (11)
13.0%
14 Type of Reporting Person*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!<PAGE>
Item 5. Interest in Securities of the Issuer.
Item 5 is amended to add the following:
On July 21, 1994, SOCO holds 9,161,394 shares of Common Stock,
representing approximately 13.0% of the 70,513,500 shares of
Common Stock as of May 9, 1994 as reported by the Issuer in its
Quarterly Report on Form 10-Q for its fiscal quarter ended
March 31, 1994.
During the 60 days prior to the date hereof, SOCO has effected
the following purchases of the Common Stock:
Number of Price
Date Shares Per Share
June 30, 1994 207,500 $1.1875
July 1, 1994 60,000 1.1875
July 7, 1994 60,900 1.1875
July 15, 1994 2,500 1.1875
July 22, 1994 1,218,956 1.3125
All such transactions were market purchases.
SIGNATURE
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.
DATE: July 25, 1994
SNYDER OIL CORPORATION
By:/ /Peter E. Lorenzen
Peter E. Lorenzen
Vice President
