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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
MONTEREY RESOURCES, INC.
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(Name of Issuer)
Common Stock, $0.01 par value per share
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(Title of Class of Securities)
612622 10 0
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(CUSIP Number)
Check the following box if a fee is being paid with the statement. /X/ (A fee is
not required only if the reporting person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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
disclosures provided in a prior cover page.
The information required on 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).
Page 1 of 6 pages
<PAGE>
SCHEDULE 13G
- ------------------------------ -----------------
CUSIP No. 612622 10 0 Page 2 of 6 pages
- ------------------------------ -----------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Santa Fe Energy Resources, Inc. 36-2722169
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /_/
(b) /_/
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF 5 SOLE VOTING POWER
SHARES 45,350,000
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 45,350,000
PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
45,350,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
/_/
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
82.8%
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12 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Page 3 pf 6 Pages
ITEM 1.
(a) Name of Issuer:
Monterey Resources, Inc.
(b) Address:
5201 Truxtun Avenue
Suite 300
Bakersfield, California 93309
ITEM 2.
(a) Name of Person Filing:
Santa Fe Energy Resources, Inc.
(b) Address of Principal Business Office or, if none, Residence:
1616 South Voss
Suite 1000
Houston, Texas 77057
(c) Citizenship:
Delaware
(d) Title of Class of Securities:
Common Stock, $0.01 par value per share
(e) CUSIP Number:
612622 10 0
ITEM 3.
If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
Not Applicable.
ITEM 4. Ownership
(a) Amount Beneficially Owned:
<PAGE>
Page 4 of 6 pages
See cover page Item 9.
As of December 31, 1996, Santa Fe Energy Resources,
Inc. ("Santa Fe")beneficially owned an aggregate of
45,350,000 shares of Monterey Resources, Inc.
common stock.
(b) Percent of Class:
See cover page Item 11.
(c) Number of shares as to which Santa Fe has:
(i) Sole power to vote or to direct the vote:
See cover page Item 5.
(ii) Shared power to vote or to direct the vote:
See cover page Item 6.
(iii) Sole power to dispose or to direct the disposition
of:
See cover page Item 7.
(iv) Shared power to dispose or to direct the disposition
of:
See cover page Item 8.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
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
Item 9. Notice of Dissolution of Group:
<PAGE>
Page 5 of 6 pages
Not Applicable
Item 10. Certification:
Not Applicable
<PAGE>
Page 6 of 6 pages
SIGNATURE
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information contained in this statement is true, complete and
correct.
Date: February 13, 1997
Santa Fe Energy Resources, Inc.,
a Delaware corporation
By: /s/ Mark A. Older
--------------------------------
Mark A. Older, Secretary
