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FORM 3 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
WASHINGTON, D.C. 20549 OMB Number 3235-0104
Expires: September 30, 1998
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Estimated average burden
hours per response..........0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or Section
30(f) of the Investment Company Act of 1940
(Print or Type Responses)
<CAPTION>
1. Name and Address of Reporting Person* 2. Date of Event Re- 4. Issuer Name and Ticker or Trading Symbol
quiring Statement
Belco Energy LP <fn1> (Month/Day/Year) Hugoton Energy Corporation (HUGO)
(Name) 5. Relationship of Reporting Person(s) to 6. If Amendment,
June 17, 1997 Issuer (Check all applicable) Date of Original
Director X 10% Owner (Month/Day/Year)
14300 Cornerstone Village Drive, 3. IRS or Social Se- ----- -----
Suite 421 <fn1> curity Number of Officer (give Other (specify 7. Individual or Joint/
(Street) Reporting Person ----- title below) ----- below) Group Filing (Check
(Voluntary) Applicable Lines)
Form Filed by One
Houston Texas 77104 --- Reporting Person
(City) (State) (Zip) ---------------------------------- X Form Filed by More
--- than One Reporting
Person
Table I - Non-Derivative Securities Beneficially Owned
------------------------------------------------------
1. Title of Security 2. Amount of Securities 3. Ownership Form: 4. Nature of Indirect Beneficial
(Instr. 4) Beneficially Owned Direct (D) or Ownership (Instr. 5)
(Instr. 4) Indirect (I)
(Instr. 5)
<S> <C> <C> <C>
Common Stock 2,940,000 D and I <fn2> shares held by Belco Energy
LP, the direct beneficial
owner
<FN>
1 This Form 3 is also filed on behalf of:
- Belco Operating Corp., 14300 Cornerstone Village Drive, Suite 421, Houston, Texas 77104
- Belco Oil & Gas Corp., 767 Fifth Avenue, 46th Floor, New York, NY 10153
- Robert A. Belfer, 767 Fifth Avenue, 46th Floor, New York, NY 10153
2 Belco Energy LP is the direct beneficial owner of the shares of common stock subject to this Form 3. Belco Operating Corp.,
as general partner of Belco Energy LP, Belco Oil & Gas Corp., as sole shareholder of Belco Operating Corp., and Robert A.
Belfer, as shareholder of Belco Oil & Gas Corp., may be deemed beneficial owners of the shares of common stock beneficially
owned by Belco Energy LP. However, this Form 3 shall not be deemed an admission that Belco Operating Corp., Belco Oil & Gas
Corp. and Robert A. Belfer are the beneficial owners of any shares of common stock covered by this statement.
</FN>
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. (Over)
* If the form is filed by more than one reporting person, see Instructions 5(b)(v). SEC 1473 (7-96)
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FORM 3 (Continued) Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible
securities)
<CAPTION>
1. Title of Derivative 2. Date Exercisable and Expiration 3. Title and Amount of 4. Conver- 5. Ownership 6. Nature of
Security Date (Month/Day/Year) Securities Underlying sion or Form of Indirect
(Instr. 4) Derivative Security Exercise Derivative Beneficial
(Instr. 4) Price of Security: Ownership
Deri- Direct (D) or (Instr. 5)
vative Indirect (I)
Date Exer- Expiration Date Title Amount of Security (Instr. 5)
cisable Number of
Shares
<S> <C> <C> <C> <C> <C> <C> <C>
Explanation of Responses:
Belco Energy LP Belco Operating Corp.
By: Belco Operating Corp.
its general partner
By: /s/ Robert A. Belfer June 27, 1997 By: /s/ Robert A. Belfer June 27, 1997
------------------------------------ ------------------------------------
Robert A. Belfer Robert A. Belfer
Chairman and Chief Executive Officer Chairman and Chief Executive Officer
Belco Oil & Gas Corp.
By: /s/ Robert A. Belfer June 27, 1997 By: /s/ Robert A. Belfer June 27, 1997
------------------------------------ ------------------------------------
Robert A. Belfer Robert A. Belfer
Chairman and Chief Executive Officer
** Intentional misstatements or omissions of facts
constitute Federal Criminal Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see
Instruction 6 for procedure.
Page 2
SEC 1473 (7-96)
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