HS RESOURCES INC
8-K, 1999-01-13
CRUDE PETROLEUM & NATURAL GAS
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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 EXCHANGE ACT OF 1934


                       DATE OF REPORT - DECEMBER 29, 1998
                        (DATE OF EARLIEST EVENT REPORTED)



                               HS RESOURCES, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)



                           COMMISSION FILE NO. 0-18886


DELAWARE                                                            94-303-6864
(STATE OF INCORPORATION)                                       (I.R.S. EMPLOYER
                                                            IDENTIFICATION NO.)

ONE MARITIME PLAZA, 15TH FLOOR, SAN FRANCISCO, CALIFORNIA                 94111
(ADDRESS OF PRINCIPAL                                                (ZIP CODE)
EXECUTIVE OFFICES)



REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE:  (415) 433-5795



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                                    FORM 8-K

                               HS RESOURCES, INC.

                                December 29, 1998



ITEM 5.  OTHER EVENTS.


         On December 29, 1998, HS Resources, Inc., a Delaware corporation ("HSR"
or the "Company"), announced an increase in its share repurchase program. A copy
of the press release by the Company is attached hereto as Exhibit 99.1.


ITEM 7(C).  EXHIBITS FILED.


Exhibit Number    Description
- -----------------------------

     99.1         Press Release, dated December 29, 1998.






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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.


                                  HS RESOURCES, INC.





                                  By: /s/ James M. Piccone
                                     --------------------------------
                                     James M. Piccone
                                     Vice President







Dated:  December 29, 1998.






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<PAGE>   4
                                 EXHIBIT INDEX


Exhibit Number    Description
- -----------------------------

     99.1         Press Release, dated December 29, 1998.

<PAGE>   1



Exhibit 99.1
FOR IMMEDIATE RELEASE

December 29, 1998


                  HS RESOURCES EXPANDS STOCK REPURCHASE PROGRAM


San Francisco, California -- HS Resources, Inc. (NYSE:HSE) announced today that
its Board of Directors authorized the Company to purchase up to an additional
$5,000,000 of the Company's common stock, since the Company has nearly reached
the limit of its authority under the existing repurchase program. This
represents an expansion, to $10,000,000, of the stock repurchase program
previously approved on October 4, 1994.

HS Resources, Inc. is an independent oil and gas exploration and development
company with active projects in the Rocky Mountain and onshore Gulf Coast
regions. The common stock of HS Resources, Inc. is traded on the New York Stock
Exchange under the symbol "HSE."

Contact: Theodore Gazulis
         Vice President - Treasury, Capital Markets and Investor Relations
         415-433-5795
         [email protected]






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