UNITED STATES
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 (Date of earliest event reported): December 11, 2000
SANTA FE ENERGY TRUST
(Exact Name of Registrant as specified in its charter)
TEXAS 1-11450 76-6081498
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation or organization) Number) Identification Number)
THE CHASE MANHATTAN BANK
GLOBAL TRUST SERVICES
600 TRAVIS, SUITE 1150
HOUSTON, TEXAS 77002
(Address of Principal Offices, Including Zip Code)
Registrant's telephone number, including area code: (713) 216-5087
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Item 4. Changes in Registrant's Certifying Accountant
(1) Previous Independent Accountants
(i) Certain accounting functions for the Santa Fe Energy Trust
("the Registrant") have previously been provided by Santa
Fe Snyder Corporation ("Santa Fe Snyder"). For efficiency
purposes, the Registrant has utilized the services of the
same independent accountants engaged by Santa Fe Snyder,
which accountants have been PricewaterhouseCoopers, LLP.
On August 29, 2000, Santa Fe Snyder was merged with and
into a subsidiary of Devon Energy Corporation ("Devon"),
and Santa Fe Snyder became a wholly-owned subsidiary of
Devon. Devon's independent accountants are KPMG LLP.
The Registrant, as of December 11, 2000, dismissed
PricewaterhouseCoopers LLP as its independent accountants.
(ii) The reports of PricewaterhouseCoopers LLP on the financial
statements of the Registrant for the past two fiscal years ended
December 31, 1999 and 1998 contained no adverse opinion or
disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principles.
(iii) The decision to change independent accountants was
made by the Chase Manhattan Bank, acting in its capacity as the
Registrant's trustee. The Registrant has no board of directors.
(iv) In connection with its audits for the two most recent
fiscal years and through the date of the change in independent
accountants, there were no disagreements with
PricewaterhouseCoopers LLP on any matter of accounting
principles or practices, financial statement disclosure, or
auditing scope or procedure which disagreements, if not resolved
to the satisfaction of PricewaterhouseCoopers LLP, would have
caused it to make reference to the subject matter of the
disagreement in connection with its report on the Registrant's
financial statements for such periods.
(v) During the two most recent fiscal years and through the
date of the change in independent accountants, there were no
"reportable events," as that term is defined in Item
304(a)(1)(v) of Regulation S-K, with respect to the services
provided by PricewaterhouseCoopers LLP.
(2) New Independent Accountants
The Chase Manhattan Bank, acting in its capacity as trustee
of the Registrant, as of December 11, 2000, informed KPMG
LLP of its decision to retain such firm as the independent
accountants of the Registrant.
During the two most recent fiscal years and through the
date of the change in independent accountants, the
Registrant did not consult with KPMG LLP on matters (i)
regarding the application of accounting principles to a
specified transaction, either completed or proposed, or the
type of audit opinion that might be rendered on the
Registrant's financial statements, or (ii) which concerned
the subject matter of a disagreement or reportable event
with the former auditor (as described in Item 304 of
Regulation S-K).
(3) Letter From Previous Independent Accountants
The Registrant has requested that PricewaterhouseCoopers
LLP furnish it with a letter addressed to the Commission
stating whether it agrees with the above statements and, if
not, stating the respects in which it does not agree. A
copy of such letter, dated December 15, 2000, is filed as
Exhibit 16 of this Form 8-K.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 16 Letter from PricewaterhouseCoopers LLP to the
Commission dated December 15, 2000
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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.
SANTA FE ENERGY TRUST (REGISTRANT)
By: THE CHASE MANHATTAN BANK, TRUSTEE
By: NANCY PUGSLEY
Nancy Pugsley
Vice President & Trust Officer
Date: December 15, 2000
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<TABLE>
EXHIBIT INDEX
<CAPTION>
Exhibit
No. Description Method of Filing
------- ----------- ----------------
<S> <C> <C>
16 Letter from PricewaterhouseCoopers Filed herewith electronically
LLP to the Commission dated
December 15, 2000
</TABLE>
