SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
(Mark One)
[X] ANNUAL REPORT PURSUANT TO SECTION 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 1994
------------------------------
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from-----------to-------------
Commission file number 1-10509
---------------------------------------------------
A. Full title of the plan and the address of the plan, if
different from that of the issuer named below:
SNYDER OIL COPORATION
PROFIT SHARING AND SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan
and the address of its principal executive office:
SNYDER OIL CORPORATION
777 MAIN STREET
FORT WORTH, TEXAS 76102
PAGE
<PAGE>
REPORT OF INDEPENDENT PUBLIC ACCOUNTANTS
To the Advisory Committee of the
Snyder Oil Corporation Profit Sharing and Savings Plan:
We have audited the accompanying statements of net assets available
for plan benefits with fund information of Snyder Oil Corporation
Profit Sharing and Savings Plan ("the Plan") as of December 31, 1994
and 1993, and the related statements of changes in net assets
available for plan benefits with fund information for the years ended
December 31, 1994, 1993 and 1992. These financial statements and the
schedules referred to below are the responsibility of the Plan's
management. Our responsibility is to express an opinion on these
financial statements and schedules based on our audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and perform
the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates
made by management, as well as evaluating the overall financial
statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present
fairly, in all material respects, the net assets available for plan
benefits of the Plan as of December 31, 1994 and 1993, and the
changes in its net assets available for plan benefits for the years
ended December 31, 1994, 1993 and 1992, in conformity with generally
accepted accounting principles.
Our audits were performed for the purpose of forming an opinion on
the basic financial statements taken as a whole. The supplemental
schedule of assets held for investment purposes (Schedule I) and
supplemental schedule of reportable transactions (Schedule II) are
presented for purposes of additional analysis and are not a required
part of the basic financial statements but are supplementary
information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. The Fund Information in the
statements of net assets available for plan benefits with fund
information and the statements of changes in net assets available for
plan benefits with fund information is presented for purposes of
additional analysis rather than to present the net assets available
for plan benefits and changes in net assets available for plan
benefits of each fund. The supplemental schedules and Fund
Information have been subjected to the auditing procedures applied in
the audits of the basic financial statements and, in our opinion, are
fairly stated in all material respects in relation to the basic
financial statements taken as a whole.
ARTHUR ANDERSEN LLP
Dallas, Texas,
June 13, 1995
<PAGE> 1<PAGE>
<TABLE>
SNYDER OIL CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION
AS OF DECEMBER 31, 1994
<CAPTION>
Wells Fargo Institutional Trust Company
-----------------------------------------------------------------------------------
Short-
Asset Growth S & P 500 Money Intermediate SOCO Participant
Allocation Stock Stock Market Term Stock Loan
Fund Fund Fund Fund Fund Fund Fund Total
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ASSETS:
Investments, at fair market value
Asset Allocation Fund $3,196,697 $ - $ - $ - $ - $ - $ - $3,196,697
Growth Stock Fund - 2,411,711 - - - - - 2,411,711
S & P 500 Stock Fund - - 1,669,067 - - - - 1,669,067
Money Market Fund - - - 1,100,547 - - - 1,100,547
Short-Intermediate Term Fund - - - - 1,015,670 - - 1,015,670
Snyder Oil Corporation Stock Fund - - - - - 618,905 - 618,905
---------- ---------- ---------- ---------- ---------- ---------- --------- -----------
3,196,697 2,411,711 1,669,067 1,100,547 1,015,670 618,905 - 10,012,597
---------- ---------- ---------- ---------- ---------- ---------- --------- -----------
Receivables-
Participant loans - - - - - - 147,197 147,197
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
- - - - - - 147,197 147,197
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Total assets 3,196,697 2,411,711 1,669,067 1,100,547 1,015,670 618,905 147,197 10,159,794
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
LIABILITIES:
Liabilities - - - - - - - -
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Total liabilities - - - - - - - -
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
NET ASSETS AVAILABLE
FOR PLAN BENEFITS $3,196,697 $2,411,711 $1,669,067 $1,100,547 $1,015,670 $618,905 $147,197 $10,159,794
========== ========== ========== ========== ========== ========== ========== ===========
</TABLE>
<PAGE> 2
<PAGE>
<TABLE>
SNYDER OIL CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION
AS OF DECEMBER 31, 1993
<CAPTION>
NationsBank Trust
---------------------------------------------------------------
Index Money SOCO Participant
Bond Equity Market Stock Loan
Fund Fund Fund Fund Fund
---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C>
ASSETS:
Investments, at fair market value
Asset Allocation Fund $ - $ - $ - $ - $ -
Growth Stock Fund - - - - -
S & P 500 Stock Fund - - - - -
Money Market Fund - - - - -
Short-Intermediate Term Fund - - - - -
Snyder Oil Corporation Stock Fund - - - - -
---------- ---------- ---------- ---------- ----------
- - - - -
---------- ---------- ---------- ---------- ----------
Receivables-
Participant loans - - - - -
Other - - - - -
---------- ---------- ---------- ---------- ----------
- - - - -
---------- ---------- ---------- ---------- ----------
Total assets - - - - -
---------- ---------- ---------- ---------- ----------
LIABILITIES:
Liabilities - - - - -
---------- ---------- ---------- ---------- ----------
Total liabilities - - - - -
---------- ---------- ---------- ---------- ----------
NET ASSETS AVAILABLE
FOR PLAN BENEFITS $ - $ - $ - $ - $ -
========== =========== =========== ========= ==========
<CAPTION>
Wells Fargo Institutional Trust Company
-------------------------------------------------------------------------------------
Short-
Asset Growth S & P 500 Money Intermediate SOCO Participant
Allocation Stock Stock Market Term Stock Loan
Fund Fund Fund Fund Fund Fund Fund Total
----------- ----------- ---------- --------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ASSETS:
Investments, at fair market value
Asset Allocation Fund $2,948,326 $ - $ - $ - $ - $ - $ - $2,948,326
Growth Stock Fund - 1,761,174 - - - - - 1,761,174
S & P 500 Stock Fund - - 1,441,903 - - - - 1,441,903
Money Market Fund - - - 411,649 - - - 411,649
Short-Intermediate Term Fund - - - - 1,289,521 - - 1,289,521
Snyder Oil Corporation Stock Fund - - - - - 648,999 - 648,999
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
2,948,326 1,761,174 1,441,903 411,649 1,289,521 648,999 - 8,501,572
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Receivables-
Participant loans - - - - - - 100,506 100,506
Other 557 234 185 343 343 298 241 2,201
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
557 234 185 343 343 298 100,747 102,707
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Total assets 2,948,883 1,761,408 1,442,088 411,992 1,289,864 649,297 100,747 8,604,279
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------
LIABILITIES:
Liabilities - - - - - - - -
---------- --------- ---------- ---------- ---------- ---------- ---------- ---------
Total liabilities - - - - - - - -
---------- --------- ---------- ---------- ---------- ---------- ---------- ---------
NET ASSETS AVAILABLE
FOR PLAN BENEFITS $2,948,883 $1,761,408 $1,442,088 $411,992 $1,289,864 $649,297 $100,747 $8,604,279
========== ========== ========== ========= ========== ========== ========== ==========
</TABLE>
<PAGE> 3<PAGE>
<TABLE>
SNYDER OIL CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1994
<CAPTION>
Wells Fargo Institutional Trust Company
-----------------------------------------------------------------------------------
Short-
Asset Growth S & P 500 Money Intermediate SOCO Participant
Allocation Stock Stock Market Term Stock Loan
Fund Fund Fund Fund Fund Fund Fund Total
---------- ---------- ---------- ---------- ---------- ---------- --------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ADDITIONS TO NET ASSETS
ATTRIBUTED TO:
Investment income
Interest and dividend income $ - $ - $ - $ 28,137 $ - $ - $ 10,211 $ 38,348
Net realized and unrealized
appreciation (depreciation)
in fair value of investment (86,024) 42,035 14,764 - (34,501) (106,017) - (169,743)
---------- ---------- ---------- ---------- ---------- ---------- --------- -----------
(86,024) 42,035 14,764 28,137 (34,501) (106,017) 10,211 (131,395)
---------- ---------- ---------- ---------- ---------- ---------- --------- -----------
Contributions
Employer 244,205 200,307 139,995 120,181 97,820 115,492 - 900,000
Participants 380,703 327,430 237,938 153,606 144,897 217,527 - 1,462,101
---------- ---------- ---------- ---------- ---------- ---------- --------- ----------
624,908 527,737 377,933 255,787 242,717 333,019 - 2,362,101
---------- ---------- ---------- ---------- ---------- ---------- --------- ----------
Total additions 538,884 569,772 392,697 283,924 208,216 227,002 10,211 2,230,706
---------- ---------- ---------- ---------- ---------- ---------- --------- ----------
DEDUCTIONS FROM NET ASSETS
ATTRIBUTED TO:
Distributions to participants 77,053 17,880 153,223 162,139 215,444 41,791 7,661 675,191
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------
Total deductions 77,053 17,880 153,223 162,139 215,444 41,791 7,661 675,191
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------
NET INCREASE (DECREASE)
IN NET ASSETS AVAILABLE
FOR PLAN BENEFITS 461,831 551,892 239,474 121,785 (7,228) 185,211 2,550 1,555,515
TRANSFERS BETWEEN FUNDS (214,017) 98,411 (12,495) 566,770 (266,966) (215,603) 43,900 -
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, beginning of year 2,948,883 1,761,408 1,442,088 411,992 1,289,864 649,297 100,747 8,604,279
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, end of year $3,196,697 $2,411,711 $1,669,067 $1,100,547 $1,015,670 $618,905 $147,197 $10,159,794
========== ========== ========== ========== ========== ========== ========== ===========
</TABLE>
<PAGE> 4
<PAGE>
<TABLE>
SNYDER OIL CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1993
<CAPTION>
NationsBank Trust
-------------------------------------------------------------
Index Money SOCO Participant
Bond Equity Market Stock Loan
Fund Fund Fund Fund Fund
---------- ----------- ----------- ----------- -----------
<S> <C> <C> <C> <C> <C>
ADDITIONS TO NET ASSETS
ATTRIBUTED TO:
Investment income
Interest and dividend income $130,916 $8,893 $30,542 $5,936 $5,951
Net realized and unrealized
appreciation (depreciation)
in fair value of investment 74,323 150,150 - 440,670 -
---------- ---------- ---------- ---------- ----------
205,239 159,043 30,542 446,606 5,951
---------- ---------- ---------- ---------- ----------
Contributions
Employer - - - - -
Participants 244,352 283,388 120,600 88,830 -
---------- ---------- ---------- ---------- ----------
244,352 283,388 120,600 88,830 -
---------- ---------- ---------- ---------- ----------
Total additions 449,591 442,431 151,142 535,436 5,951
---------- ---------- ---------- ---------- ----------
DEDUCTIONS FROM NET ASSETS
ATTRIBUTED TO:
Distributions to participants 251,667 262,790 176,185 98,757 -
---------- ---------- ---------- ---------- ----------
Total deductions 251,667 262,790 176,185 98,757 -
---------- ---------- ---------- ---------- ----------
NET INCREASE (DECREASE)
IN NET ASSETS AVAILABLE
FOR PLAN BENEFITS 197,924 179,641 (25,043) 436,679 5,951
TRANSFERS BETWEEN FUNDS (3,203,984) (2,216,229) (1,252,036) (724,094) (111,651)
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, beginning of year 3,006,060 2,036,588 1,277,079 287,415 105,700
---------- ---------- ---------- ---------- -----------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, end of year $ - $ - $ - $ - $ -
========== ========== ========== ========== ==========
<CAPTION>
Wells Fargo Institutional Trust Company
-----------------------------------------------------------------------------------
Short-
Asset Growth S & P 500 Money Intermediate SOCO Participant
Allocation Stock Stock Market Term Stock Loan
Fund Fund Fund Fund Fund Fund Fund Total
---------- ---------- ---------- ---------- ---------- ---------- ---------- ---------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
ADDITIONS TO NET ASSETS
ATTRIBUTED TO:
Investment income
Interest and dividend income $ 4,496 $ 2,686 $ 2,199 $ 7,257 $ 1,967 $ 990 $ 2,126 $ 203,959
Net realized and unrealized
appreciation (depreciation)
in fair value of investment (27,648) 30,565 57,895 - 6,504 (109,779) - 622,680
---------- ---------- ---------- ---------- ---------- ---------- --------- ----------
(23,152) 33,251 60,094 7,257 8,471 (108,789) 2,126 826,639
---------- ---------- ---------- ---------- ---------- ---------- --------- ----------
Contributions
Employer 300,944 195,073 138,151 80,898 107,465 102,469 - 925,000
Participants 54,286 42,089 27,047 21,093 20,872 26,640 - 929,197
---------- ---------- ---------- ---------- ---------- ---------- --------- ----------
355,230 237,162 165,198 101,991 128,337 129,109 - 1,854,197
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Total additions 332,078 270,413 225,292 109,248 136,808 20,320 2,126 2,680,836
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
DEDUCTIONS FROM NET ASSETS
ATTRIBUTED TO:
Distributions to participants - - - - - - - 789,399
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
Total deductions - - - - - - - 789,399
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
NET INCREASE (DECREASE)
IN NET ASSETS AVAILABLE
FOR PLAN BENEFITS 332,078 270,413 225,292 109,248 136,808 20,320 2,126 1,891,437
TRANSFERS BETWEEN FUNDS 2,616,805 1,490,995 1,216,796 302,744 1,153,056 628,977 98,621 -
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, beginning of year - - - - - - - 6,712,842
---------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, end of year $2,948,883 $1,761,408 $1,442,088 $411,992 $1,289,864 $649,297 $100,747 $8,604,279
========== ========== ========== ========== ========== ========== ========== ===========
</TABLE>
<PAGE> 5
<PAGE>
<TABLE>
SNYDER OIL CORPORATION PROFIT SHARING AND SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR PLAN BENEFITS WITH FUND INFORMATION
FOR THE YEAR ENDED DECEMBER 31, 1992
<CAPTION>
NationsBank Trust
--------------------------------------------------------------
Index Money SOCO Participant
Bond Equity Market Stock Loan
Fund Fund Fund Fund Fund Total
---------- ---------- ---------- ---------- ---------- ----------
<S> <C> <C> <C> <C> <C> <C>
ADDITIONS TO NET ASSETS
ATTRIBUTED TO:
Investment income
Interest and dividend income $44,209 $12,769 $39,756 $2,453 $3,599 $102,786
Net realized and unrealized
appreciation (depreciation)
in fair value of investments 116,975 112,886 - 54,105 (1,713) 282,253
---------- ---------- ---------- ---------- ---------- ----------
161,184 125,655 39,756 56,558 1,886 385,039
---------- ---------- ---------- ---------- ---------- ----------
Contributions
Employer 354,560 333,375 170,023 43,542 - 901,500
Participants 329,985 309,517 159,633 26,760 - 825,895
---------- ---------- ---------- ---------- ---------- ----------
684,545 642,892 329,656 70,302 - 1,727,395
---------- ---------- ---------- ---------- ---------- ----------
Total additions 845,729 768,547 369,412 126,860 1,886 2,112,434
---------- ---------- ---------- ---------- ---------- ----------
DEDUCTIONS FROM NET ASSETS
ATTRIBUTED TO:
Distributions to participants 68,806 35,196 63,811 - (782) 167,031
---------- ---------- ---------- ---------- ---------- ----------
Total deductions 68,806 35,196 63,811 - (782) 167,031
---------- ---------- ---------- ---------- ---------- ----------
NET INCREASE IN NET ASSETS
AVAILABLE FOR PLAN BENEFITS 776,923 733,351 305,601 126,860 2,668 1,945,403
TRANSFERS BETWEEN FUNDS (585,240) 388,976 (67,323) 160,555 103,032 -
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, beginning of year 2,814,377 914,261 1,038,801 - - 4,767,439
---------- ---------- ---------- ---------- ---------- ----------
NET ASSETS AVAILABLE FOR PLAN
BENEFITS, end of year $3,006,060 $2,036,588 $1,277,079 $287,415 $105,700 $6,712,842
========== ========== ========== ========== ========== ==========
</TABLE>
<PAGE> 6
<PAGE>
SNYDER OIL CORPORATION PROFIT SHARING AND SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
DECEMBER 31, 1994, 1993, AND 1992
(1) DESCRIPTION OF THE PLAN:
The following description of the Snyder Oil Corporation Profit
Sharing and Savings Plan (the "Plan") provides only general
information. Participants should refer to the Plan agreement for a
more complete description of the Plan's provisions.
On March 23, 1990, the parent of Snyder Oil Company, SOCO Holdings,
Inc., was involved in a consolidation transaction with Snyder Oil
Partners, L.P., a master limited partnership of which Snyder Oil
Company was general partner. The resultant combined entity is now
known as Snyder Oil Corporation. Prior to this consolidation, this
Plan was known as the Snyder Oil Company Profit Sharing and Savings
Plan.
General
The Plan is a defined contribution profit sharing and 401(k) savings
plan adopted on January 1, 1983, for the benefit of eligible
employees of Snyder Oil Corporation (the "Employer") who may elect to
participate in the Plan. The Plan is administered by the Plan
administrator, an employee who is appointed by the Plan's advisory
committee. Employees become eligible to participate in the Plan on
an entry date at least four months following the later of the date
the employee first performs an hour of service or attains age 18.
The entry dates for the Plan are January 1 and July 1. The Plan is
subject to the provisions of the Employee Retirement Income Security
Act of 1974 (ERISA).
On October 4, 1993, all Plan assets were transferred to Wells Fargo
Institutional Trust Company who became the trustee of the Plan.
Prior to this date, NationsBank Trust served as the trustee of the
Plan.
The Plan allows participants various investment options in which to
invest their individual and Employer contribution accounts.
Investment income is allocated to participants based upon the ratio
of their participant account balance to the total participants'
accounts in a manner defined by the Plan agreement.
<PAGE> 7<PAGE>
Forfeitures
The nonvested amounts in a participant's Employer contribution
account are forfeited to the Plan upon termination. Such forfeitures
are allocated to the remaining participants based upon annual
compensation in a manner defined by the Plan agreement.
Participant Contributions
Subject to certain maximum limitations imposed by the Internal
Revenue Code, a participant may elect to contribute to the Plan up to
15% of his or her annual pretax compensation. A participant may
change the applicable percentage or completely suspend his or her
contributions in accordance with Plan policies. The Plan also allows
employees to "rollover" contributions that have been made to another
qualified plan.
Employer Contributions
Employer contributions to the Plan are entirely discretionary and
determined on an annual basis by the Board of Directors. Employer
contributions are allocated to participants based upon annual
compensation in a manner defined by the Plan agreement.
Vesting
Participants are fully vested at all times in their individual
contribution accounts. Vesting in employer contribution accounts is
based on years of service. A participant is 40% vested after two
years, 80% after three years and 100% after four or more years of
service. In addition, participants also become fully vested in their
Employer contribution accounts upon retirement, at or after age 55,
death or total disability of the participant.
Distributions
Distribution of the participant's entire account becomes due upon
retirement, at or after age 55, or upon death or total disability.
Such account balances may be distributed either in a lump-sum
distribution or in installments, as described in the Plan agreement.
Participants are entitled to receive the balance of their individual
contribution account plus their vested interest in their Employer
contribution account upon termination of employment. Participants
may make hardship withdrawals from their individual contribution
account at specified times during a Plan year, subject to certain
restrictions. Participants may also receive loans from the Plan
secured by the participant's account for up to 50% of their vested
balance. Each loan is evidenced by a note providing for repayment
over a maximum of five or ten years depending on the purpose of the
loan as defined by the Plan agreement and providing for interest at
a reasonable rate.
<PAGE> 8<PAGE>
Federal Income Taxes
The Plan received a determination letter from the Internal Revenue
Service dated May 9, 1995, confirming that the Plan, as amended on
October 28, 1993, is exempt from federal income taxes under Sections
401(a) and 501(a) of the Internal Revenue Code.
Plan Termination
Although it has expressed no intention to do so, the Employer may
suspend or discontinue contributions under the Plan and has reserved
the right to terminate the Plan subject to provisions of ERISA. In
the event of full or partial termination of the Plan, participants
will become fully vested in their individual and Employer
contribution accounts and will be entitled to distributions of their
entire accounts according to the Plan document and ERISA.
(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:
General
The accompanying financial statements are prepared on the accrual
basis of accounting. Certain amounts in the 1993 and 1992 financial
statements have been reclassified to conform with the 1994
presentation.
Investments
The Plan's investments are held by bank-administered trust funds and
are recorded at fair market value as determined by market quotations.
Total cost of investments held by the Plan at December 31, 1994 and
1993 was $10,147,447 and $8,239,927, respectively.
Individual investments with a fair value greater than 5% of total net
assets available for Plan benefits consisted of the following fair
values:
<TABLE>
<CAPTION>
December 31,
-------------------------
1994 1993
---------- ----------
<S> <C> <C>
Asset Allocation Fund $3,196,697 $2,948,326
Growth Stock Fund 2,411,711 1,761,174
S&P 500 Stock Fund 1,669,067 1,441,903
Money Market 1,100,547 411,649
Short-Intermediate Term Fund 1,015,670 1,289,521
Snyder Oil Corporation Stock 618,905 648,999
</TABLE>
<PAGE> 9<PAGE>
The net realized and unrealized appreciation (depreciation) in fair
value of investments included in the statements of changes in net
assets available for Plan benefits for the years ended December 31,
1994, 1993 and 1992 consisted of the following:
<TABLE>
<CAPTION>
Net Appreciation (Depreciation)
--------------------------------
1994 1993 1992
-------- -------- --------
<S> <C> <C> <C>
Marketable equity securities $ 56,799 $ 238,610 $ 111,173
U.S. Government and corporate debt
securities and bonds (34,501) 80,827 116,975
Asset Allocation Fund (86,024) (27,648) -
Snyder Oil Corporation stock (106,017) 330,891 54,105
--------- --------- --------
Net realized and unrealized
appreciation (depreciation)
in fair value of investments $(169,743) $ 622,680 $ 282,253
========== ========== =========
</TABLE>
The Asset Allocation Fund invests in a changing mix of stocks, bonds
and money market securities. At December 31, 1994, the mix was 60%
in bonds and 40% in equity securities. From the financial
information available, it is impossible to determine the net realized
and unrealized appreciation (depreciation) in each type of investment
(i.e., stocks).
In accordance with Department of Labor regulations, realized gains
(losses) on plan assets sold during the year are calculated as the
excess of sales price over the fair value of the assets at the
beginning of the plan year in which the asset is sold.
Cost of Administration
The Employer has paid for the majority of the expenses related to the
administration of the Plan, but is not obligated to do so. The
employer will not require reimbursement for these expenses. Any such
expenses not paid by the Employer shall be paid from the Plan assets.
<PAGE> 10<PAGE>
Distributions to be Paid
As discussed in Note 1, participants are entitled to receive the
balance of their individual contribution account plus their vested
interest in their Employer contribution account upon termination of
employment. However, if their total vested balance exceeds $3,500 as
defined in the Plan agreement, they may elect to continue to invest
it through the Plan. Distributions that terminated employees are
entitled to by fund at December 31, 1994 and 1993 are as follows:
<TABLE>
<captin>
1994 1993
----------- -----------
<S> <C> <C>
Short-Intermediate Term Fund $ 130,093 $ 258,804
Asset Allocation Fund 26,813 3,051
Growth Stock Fund 23,280 -
Snyder Oil Corporation Stock Fund 20,782 29,067
S&P 500 Stock Fund 17,320 132,839
Money Market Fund 8,204 18,799
----------- -----------
$ 226,492 $ 442,560
=========== ===========
</TABLE>
Distributions are deducted from Net Assets Available for Plan
Benefits when paid. As such, no accrual is provided for
distributions to be paid.
<PAGE> 11
<PAGE>
<TABLE>
SCHEDULE I
SNYDER OIL CORPORATION PROFIT SHARING AND SAVINGS PLAN
ITEM 27a - SUPPLEMENTAL SCHEDULE OF ASSETS
HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 31, 1994
EIN: 75-2306158
<CAPTION>
(a) (b) (c) (d) (e)
Party-In Identity of Cost Market
Interest Issue Description Value Value
- --------- ----------------------------------- --------------------------- ----------- -----------
<S> <C> <C> <C> <C>
* Wells Fargo Institutional Trust Co. Asset Allocation Fund $3,267,114 $3,196,697
* Wells Fargo Institutional Trust Co. Growth Stock Fund 2,359,093 2,411,711
* Wells Fargo Institutional Trust Co. S & P 500 Stock Fund 1,653,818 1,669,067
* Wells Fargo Institutional Trust Co. Money Market Fund
(average rate of return 4%) 1,100,547 1,100,547
* Wells Fargo Institutional Trust Co. Short-Intermediate Term Fund 1,041,586 1,015,670
* Snyder Oil Corporation Snyder Oil Corporation Stock
Fund ($.01 par value) 725,289 618,905
* Participant Loans Participant Loans
(7% to 11.5% interest rates) - 147,197
----------- -----------
$10,147,447 $10,159,794
=========== ===========
This supplemental schedule lists assets held for investment purposes
at December 31, 1994, as required by the Department of Labor
Rules and Regulations for Reporting and Disclosure.
</TABLE>
<PAGE> 12
<PAGE>
<TABLE>
SCHEDULE II
SNYDER OIL CORPORATION PROFIT SHARING AND SAVINGS PLAN
ITEM 27d - SUPPLEMENTAL SCHEDULE OF REPORTABLE TRANSACTIONS
FOR THE YEAR ENDED DECEMBER 31, 1994
EIN: 75-2306158
<CAPTION>
(a) (b) (c) (d) (g) (i)
Party-In Description of Number of Purchase Selling Cost of Net Gain
Interest Transactions Transactions Price Price Asset (Loss)
-------- -------------- ------------ ---------- --------- --------- -----------
<S> <C> <C> <C> <C> <C> <C>
INDIVIDUAL TRANSACTIONS:
None in excess of 5% of the fair value of Plan assets at the beginning of the year.
SERIES OF TRANSACTIONS:
Asset Allocation Fund -
Wells Fargo Inst. Trust Co. Purchases 59 756,435 - 756,435 -
Wells Fargo Inst. Trust Co. Sales 42 - 422,040 441,381 (19,341)
Growth Stock Fund -
Wells Fargo Inst. Trust Co. Purchases 59 842,454 - 842,454 -
Wells Fargo Inst. Trust Co. Sales 26 - 233,952 240,958 (7,006)
S & P 500 Stock Fund -
Wells Fargo Inst. Trust Co. Purchases 57 505,992 - 505,992 -
Wells Fargo Inst. Trust Co. Sales 29 - 293,591 290,054 3,537
Money Market Fund -
Wells Fargo Inst. Trust Co. Purchases 61 1,114,668 - 1,114,668 -
Wells Fargo Inst. Trust Co. Sales 32 - 421,639 421,639 -
Short-Intermediate Term Fund -
Wells Fargo Inst. Trust Co. Purchases 37 268,649 - 268,649 -
Wells Fargo Inst. Trust Co. Sales 49 - 508,000 516,234 (8,234)
Snyder Stock Fund -
Fargo Inst. Trust Co. Purchases 49 348,876 - 348,876 -
Wells Fargo Inst. Trust Co. Sales 49 - 272,953 360,033 (87,080)
This schedule lists all individual transactions and series of transactions in excess of
5% of the fair value of Plan assets at the beginning of the year as required by the
Department of Labor Rules and Regulations for Reporting and Disclosure.
(e & f) Do not apply as there are no lease rentals or transaction expenses.
(h) The current value on the date of each transaction is equal to the purchase price or selling price, respectively.
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<PAGE> 13
<PAGE>
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.
SNYDER OIL CORPORATION PROFIT
SHARING AND SAVINGS PLAN
By /s/ James H. Shonsey
--------------------------------
James H. Shonsey, Vice President
June 16, 1995
EXHIBIT 23.1
CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS
As independent public accountants, we hereby consent to the
incorporation by reference of our report dated June 13, 1995,
included in this Form 11-K for the year ended December 31, 1994, into
Snyder Oil Coroporation's previously filed Registration Statement No.
33-48213.
ARTHUR ANDERSEN LLP
Dallas, Texas
June 16, 1995
