SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3 )*
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)
March 29, 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 1 of 91 Pages CUSIP No. 025762-10-5 13D
Page 2 of 3 Pages
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 6,740,938
Shares
Beneficially 8 Shared Voting Power
Owned By 0
Each
Reporting 9 Sole Dispositive Power
Person 6,740,938
With
10 Shared Dispositive Power
0
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
6,740,938
12 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares*
13 Percent of Class Represented by Amount in Row (11)
9.7%
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 March 29, 1994, SOCO holds 6,740,938 shares of Common
Stock, representing approximately 9.7% of the 69,417,425 shares of
Common Stock as of October 29, 1993 as reported by the Issuer in
its Quarterly Report on Form 10-Q for its fiscal quarter ended
September 30, 1993. To the best of SOCO's knowledge, no other
person named in Item 2 above beneficially owns any of the Issuer's
Common Stock.
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
February 9, 1994 3,600 $1.4375
February 10, 1994 4,700 $1.4375
February 11, 1994 18,000 $1.4375
February 15, 1994 32,000 $1.4375
February 18, 1994 31,800 $1.4375
February 22, 1994 23,400 $1.4375
February 23, 1994 2,700 $1.4375
February 24, 1994 19,300 $1.4375
February 25, 1994 600 $1.4375
March 2, 1994 500 $1.4375
March 9, 1994 4,200 $1.4375
March 10, 1994 71,400 $1.4375
March 11, 1994 26,800 $1.4375
March 14, 1994 9,400 $1.4375
March 29, 1994 675,000 $1.4375
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: March 29, 1994
SNYDER OIL CORPORATION
By: /s/Peter E. Lorenzen
Peter E. Lorenzen
Vice President
