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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
-------
BASIN EXPLORATION, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
070 107 10 7
(CUSIP Number)
*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 the
disclosures provided in a prior cover page.
The information required in 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 ("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).
SEC 1745 (2/92)
Page 1 of 5 pages
<PAGE>
CUSIP No. 070 107 10 7 13G Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael S. Smith
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / X /
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States Citizen
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 2,577,433
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 90,700
WITH
7 SOLE DISPOSITIVE POWER
2,577,433
8 SHARED DISPOSITIVE POWER
90,700
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,481,433
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
X
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
18.0
12 TYPE OF REPORTING PERSON*
IN
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 pages
<PAGE>
SCHEDULE 13G Page 3 of 5
CUSIP No. 070 107 10 7 Basin Exploration, Inc.
Item 1.
(a) Name of Issuer: Basin Exploration, Inc.
(b) Address of Issuer's Principal Executive Offices:
370 17th Street, Suite 3400
Denver, Colorado 80202
Item 2.
(a) Name of Person Filing: Michael S. Smith
(b) Address of Principal Business Office:
370 17th Street, Suite 3400
Denver, Colorado 80202
(c) Citizenship: United States
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 070 107 10 7
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) Broker or Dealer registered under Section 15 of the Act
----
(b) Bank as defined in section 3(a)(6) of the Act
----
(c) Insurance Company as defined in section 3(a)(19) of the Act
----
(d) Investment Company registered under section 8 of the Investment
---- Company Act
(e) Investment Adviser registered under section 203 of the Investment
---- Advisers Act of 1940
(f) Employee Benefit Plan, Pension Fund which is subject to
---- the provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund; see section 240.13d-1(b)(1)(ii)(F)
(g) Parent Holding Company, in accordance with
---- section 240.13d-1(b)(1)(ii)(G)
(Note: See Item 7)
(h) Group, in accordance with section 240.13d-1(b)(1)(ii)(H)
----
Page 3 of 5 pages
<PAGE>
SCHEDULE 13G Page 4 of 5
CUSIP No. 070 107 10 7 Basin Exploration, Inc.
Item 4. Ownership
(a) Amount Beneficially Owned: 2,481,433
Excludes 304,300 shares owned by the reporting person's wife and
96,000 shares owned by trusts formed for the benefit of the
reporting person's daughters, 2,000 shares owned by reporting
person's daughters, and 90,700 shares owned by a charitable
foundation of which the reporting person is president. The reporting
person disclaims beneficial ownership of all shares owned by his
wife, his daughters, and his daughter's trusts and such charitable
foundation.
(b) Percent of Class: 19.4%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote of 2,577,433
(ii) shared power to vote or to direct the vote of 90,700
(iii) sole power to dispose or to direct the disposition of
2,577,433
(iv) shared power to dispose or to direct the disposition of
90,700
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following.
Not applicable
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on By the Parent Holding Company
Not applicable
Item 8. Identification and Classification of Members of the Group
Not applicable
Page 4 of 5 pages
<PAGE>
SCHEDULE 13G Page 5 of 5
CUSIP No. 070 107 10 7 Basin Exploration, Inc.
Item 9. Notice of Dissolution of Group
Not Applicable
Item 10. Certification
Not Applicable
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.
FEBRUARY 6, 1998
-----------------------------------------
Date
/S/ MICHAEL S. SMITH
-----------------------------------------
Signature
MICHAEL S. SMITH
-----------------------------------------
Name
Page 5 of 5 pages
