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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): July 1, 1996
DYCO OIL AND GAS PROGRAM 1986-2
(A Limited Partnership)
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(Exact name of Registrant as specified in its Articles)
Minnesota 0-16488 (1986-2) 41-1529976
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(State or other (Commission (I.R.S. Employer
jurisdiction of File No.) Identification)
incorporation or
organization)
Two West Second Street, Tulsa, Oklahoma 74103
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (918) 583-1791
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ITEM 5: OTHER EVENTS
Effective as of July 1, 1996, the following individuals resigned
their positions as officers and directors of Dyco Petroleum
Corporation, the General Partner of the Dyco Oil and Gas Program 1986-
2: C. Philip Tholen, Director, President and Chief Executive Officer;
Patrick M. Hall, Senior Vice President-Controller; Jack A. Canon,
Director and Senior Vice President-General Counsel; Judy F. Hughes,
Treasurer and Assistant Secretary; and Annabel M. Jones, Secretary.
These individuals still serve as officers and/or directors of
affiliates of the General Partner (the "Samson Companies").
Effective as of July 1, 1996, Dennis R. Neill was elected
President of the General Partner. Mr. Neill previously served as
Senior Vice President of the General Partner. He will continue in his
capacity as a Director of the General Partner. Pursuant to the By-
laws of the General Partner, no additional Directors will be elected
to the corporation's Board of Directors.
Effective as of July 1, 1996, Drew S. Phillips was elected Chief
Financial Officer of the General Partner. Mr. Phillips, age 37,
joined the Samson Companies in 1984. Prior to joining the Samson
Companies, Mr. Phillips was a senior accountant for Arthur Andersen &
Co. He received a Bachelor of Science degree in business
administration from the University of Arkansas and a Juris Doctorate
degree from the University of Tulsa. A certified public accountant,
Mr. Phillips is also Vice President and Director of Samson-
International, Ltd. and Samson Oil & Gas Development, Inc. and
Director of Samson Euro-Asia, Ltd.
Effective as of July 1, 1996, Judy K. Fox was elected Secretary
of the General Partner. Ms. Fox, age 45, joined the Samson Companies
in October 1990. She currently serves as the General Partner's
Investor Relations Supervisor. Ms. Fox is also Secretary of Geodyne
Resources, Inc. and its subsidiaries and Samson Properties
Incorporated.
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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.
DYCO OIL AND GAS PROGRAM 1986-2
LIMITED PARTNERSHIP
By: DYCO PETROLEUM CORPORATION
General Partner
DATE: July 8, 1996 //s// Dennis R. Neill
______________________________
Dennis R. Neill
President
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