SANTA FE ENERGY RESOURCES INC
SC 13E4/A, 1996-11-26
CRUDE PETROLEUM & NATURAL GAS
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                 SCHEDULE 13E-4

                          ISSUER TENDER OFFER STATEMENT
      (Pursuant to Section 13(e)(1) of the Securities Exchange Act of 1934)
                                (Final Amendment)

                         SANTA FE ENERGY RESOURCES, INC.
                                (Name of Issuer)

                         SANTA FE ENERGY RESOURCES, INC.
                      (Name of Person(s) Filing Statement)

                     Convertible Preferred Stock, 7% Series,
                       Par Value $0.01 Per Preferred Share
                         (Title of Class of Securities)

                                   802012 20 3
                      (CUSIP Number of Class of Securities)

                                  Mark A. Older
                                    Secretary
                         Santa Fe Energy Resources, Inc.
                      1616 South Voss Road, Suite No. 1000
                                Houston, TX 77057
                                 (713) 507-5000
                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications
                    on Behalf of the Person Filing Statement)

                                    Copy to:
                            G. Michael O'Leary, Esq.
                             Andrews & Kurth L.L.P.
                              Texas Commerce Tower
                             600 Travis, Suite 4200
                                Houston, TX 77002
                                 (713) 220-4200

                                October 22, 1996
                       (Date Tender Offer First Published,
                       Sent or Given to Security Holders)






<PAGE>



         This Final  Amendment  amends and  supplements  the Issuer Tender Offer
Statement on Schedule  13E-4,  dated  October 22,  1996,  relating to the tender
offer (the "Offer") by Santa Fe Energy Resources,  Inc., a Delaware  corporation
(the "Company"), to purchase up to 4,500,000 shares of the Company's Convertible
Preferred Stock, 7% Series, par value $0.01 per share (the "Preferred  Shares"),
at $24.50 per Preferred Share, net to the seller in cash.

ITEM 4.  INTEREST IN SECURITIES OF THE ISSUER.

         Item 4 is  hereby  amended  and  supplemented  by the  addition  of the
following:

         The total number of Preferred Shares accepted for payment and purchased
pursuant  to  the  Offer  was  3,776,056  Preferred  Shares,  which  constitutes
approximately 75.5% of the outstanding Preferred Shares.

ITEM 9.  MATERIAL TO BE FILED AS EXHIBITS.

         Item 9 is  hereby  amended  and  supplemented  by the  addition  of the
following, which is attached hereto as an exhibit:

         (a)(11) Form of Press Release dated November 20, 1996.




<PAGE>



                                    SIGNATURE


         After due 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.

                                     SANTA FE ENERGY RESOURCES, INC.

                                     By: /s/ James L. Payne
                                         -----------------------------------
                                         James L. Payne
                                         President and Chief Executive Officer


Dated: November 26, 1996





                                                             Exhibit 99.1


                 [Letterhead of Santa Fe Energy Resources, Inc.]



                       SANTA FE ENERGY RESOURCES ANNOUNCES
                          OUTCOME OF STOCK TENDER OFFER


Houston, Texas -- November 20, 1996

Santa Fe Energy Resources (NYSE: SFR) today announced that its cash tender offer
for up to 4.5 million shares of the Company's  Convertible  Preferred  Stock, 7%
Series (NYSE:SFRpr) expired at 12:00 midnight EST on Tuesday, November 19, 1996,
as scheduled and in  accordance  with the terms of the offer.  The offer,  which
commenced  on  October  22,  1996,  specified  a  purchase  price of $24.50  per
preferred share.

Santa Fe Energy said that it has  accepted  for  purchase  all of the  3,776,056
shares validly  tendered and not properly  withdrawn  prior to expiration of the
offer  (including  about 106,000  shares subject to guarantee of delivery) for a
total price of approximately $92.5 mullion.  The Company expects to make payment
for the shares promptly.

Santa  Fe  Energy  Resources  is an  independent  oil  and gas  exploration  and
production company with headquarters in Houston, Texas. It has production in the
United States, Argentina and Indonesia with additional exploration activities in
several other  regions of the world.  Its common stock is traded on the New York
Stock Exchange under the symbol SFR.

                                      -End-




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