SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6 )*
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)
December 8, 1995
______________________________________________________________
(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> 2
CUSIP No. 025762-10-5 Schedule 13D
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*
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 0
Shares
Beneficially 8 Shared Voting Power
Owned By 0
Each
Reporting 9 Sole Dispositive Power
Person 0
With
10 Shared Dispositive Power
0
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
0
12 Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares* / /
13 Percent of Class Represented by Amount in Row (11)
0%
14 Type of Reporting Person*
CO
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE> 3 Schedule 13D
Item 5. Interest in Securities of the Issuer.
Item 5 is amended to add the following:
On December 8, 1995, SOCO sold all remaining shares of Common
Stock.
During the 60 days prior to the date hereof, SOCO has effected
the following sales of the Common Stock:
<TABLE>
<CAPTION>
Number of Price
Date Shares Per Share
<S> <C> <C>
December 1, 1995 1,400 $10.20
December 4, 1995 1,400 10.20
December 5, 1995 15,000 10.20
December 6, 1995 8,500 10.20
December 7, 1995 21,600 10.20
December 7, 1995 100,000 10.075
December 7, 1995 25,000 10.45
December 8, 1995 743,140 10.70
</TABLE>
All such transactions were market sales.
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: December 11, 1995
SNYDER OIL CORPORATION
By: /s/Peter E. Lorenzen
-------------------
Peter E. Lorenzen
Vice President
