SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Act of
1934
Date of Report (Date of earliest event reported) March 17, 1994
_______________
Sun Energy Partners, L.P.
_________________________________________________________________
(Exact name of registrant as specified in its charter)
Delaware 1-9033 75-2070723
_________________________________________________________________
(State or other juris- (Commission File (IRS Employer
diction of incorporation) Number) Identification Number)
13155 Noel Road, Dallas, Texas 75240-5067
________________________________________________________________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (214) 715-4000
_____________
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Item 5. Other Events
In March 1994, Oryx Energy Company (Company) adopted plans
designed
to achieve significant future cost reductions for Sun Energy
Partners, L.P. (Partnership) by disposing of certain assets.
Associated therewith, the Partnership will recognize an $87
million
charge in the first quarter of 1994. Management of the Company
expects the Partnership to realize about $35 million annual cost
reductions in 1995.
The properties included in the divestment plan make up 52-percent
and 31-percent of the Partnership's onshore fields and
properties.
During 1993, however, these properties accounted for about four
percent of the Partnership's oil and gas production and at
December
31, 1993, they accounted for about six percent of the
Partnership's
proved reserves and about eight percent of its net investment in
properties, plants and equipment.
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SIGNATURES
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.
SUN ENERGY PARTNERS, L.P.
BY ORYX ENERGY COMPANY
(Managing General Partner)
BY /s/ EDWARD W. MONEYPENNY
Edward W. Moneypenny
Senior Vice President, Finance,
and Chief Financial Officer
Date: March 17, 1994
