SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )
COSTILLA ENERGY, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
22161G103
(CUSIP Number)
Check the following box if a fee is being paid with this
statement. (A
fee is not required only if the filing 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 the disclosures provided in a prior cover page.
The information required in 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)
(Continued on following pages(s))
CUSIP NO.
22161G103
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank Corporation
56-0906609
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina Corporation
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
936000
6
SHARED VOTING POWER
0
7
SOLE DISPOSITIVE POWER
936000
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
936000
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.4
12
TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO.
22161G103
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NB Holdings Corporation
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
North Carolina Corporation
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
936000
6
SHARED VOTING POWER
0
7
SOLE DISPOSITIVE POWER
936000
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
936000
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.4
12
TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO.
22161G103
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank Texas Bancorporation, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Corporation
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
936000
6
SHARED VOTING POWER
0
7
SOLE DISPOSITIVE POWER
936000
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
936000
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.4
12
TYPE OF REPORTING PERSON *
HC
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO.
22161G103
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBank of Texas, N.A.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
U.S. National Banking Association
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
936000
6
SHARED VOTING POWER
0
7
SOLE DISPOSITIVE POWER
936000
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
936000
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.4
12
TYPE OF REPORTING PERSON *
BK
*SEE INSTRUCTION BEFORE FILLING OUT!
CUSIP NO.
22161G103
13G
1
NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NationsBanc Capital Corporation
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b)
X
3
SEC USE ONLY
4
CITIZENSHIP OR PLACE OF ORGANIZATION
Texas Corporation
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
936000
6
SHARED VOTING POWER
0
7
SOLE DISPOSITIVE POWER
936000
8
SHARED DISPOSITIVE POWER
0
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
936000
10
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES *
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.4
12
TYPE OF REPORTING PERSON *
CO
*SEE INSTRUCTION BEFORE FILLING OUT!
SCHEDULE 13G
Item 1(a) Name of Issuer:
Costilla Energy, Inc.
Item 1(b) Address of Issuer's Principal Executive Offices: 400
West Illinois, Suite 1100
Midland, Texas 79701
Item 2(a) Name of Person(s) Filing:
(a)
NationsBank Corporation
(b)
NB Holdings Corporation
(c)
NationsBank Texas Bancorporation, Inc.
(d)
NationsBank of Texas, N.A.
(e)
NationsBanc Capital Corporation
Item 2(b)Address of Principal Business Office or, if none,
Residence:
(a)
101 South Tryon Street, NationsBank Plaza, Charlotte, North
Carolina 28255
(b)
100 North Tryon Street, NationsBank Corporate Center, Charlotte,
North
Carolina 28255
(c)
100 North Tryon Street, NationsBank Corporate Center, Charlotte,
North Carolina 28255
(d)
901 Main Street, Dallas, Texas 75202
(e)
100 North Tryon Street, 10th Floor, Charlotte, North Carolina
28255 Item 2(c) Citizenship:
(a)
North Carolina corporation
(b)
North Carolina corporation
(c)
Delaware corporation
(d)
U.S. National Banking Association
(e)
Texas corporation
Item 2(d) Title of Class of Securities:
Common Stock
Item 2(e) CUSIP Number:
22161G103
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
(a)
Broker or Dealer registered under Section 15 of the Act
(b)
X
Bank as defined in Section 3(a)(6) of the Act
(c)
Insurance Company as defined in Section 3(a)(19) of the Act
(d)
Investment Company registered under Section 8 of the Investment
Company Act
(e)
Investment Advisor registered under Section 203 of the Investment
Advisors Act of 1940
(f)
Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Sub-section 240.13d-1(b)(1)(ii)(F)
(g)
X
Parent Holding Company in accordance with Sub-section 240.13d
1(b)(ii)(G) (Note: See Item 7)
(h)
X
Group, in accordance with Sub-section 240.13d-1(b)(1)(ii)(H)
The following entities are holding companies:
NationsBank Corporation
NB Holdings Corporation
NationsBank Texas Bancorporation, Inc.
NationsBank of Texas, N.A.
The following entities are banks:
NationsBank of Texas, N.A.
The following entities are registered investment advisors:
Item 4 Ownership:
With respect to the beneficial ownership of the reporting entity
as of 12/31/96, see Items 5 through 11, inclusive, of the
respective cover pages of this Schedule 13G applicable to such
entity which are incorporated herein by reference.
Item 5 Ownership of Five Percent or Less of a Class:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following
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:
Pursuant to Rule 13d-1(b)(1)(ii)(G)of the Securities Exchange Act
of 1934, NationsBank Corporation is filing this
Schedule 13G as a parent holding company of the following:
a. NB Holdings Corporation, which is a holding company of its
subsidiary, NationsBank Texas Bancorporation, Inc., which is a
holding company of its subsidiary, NationsBank of Texas, N.A.,
classifiable under Item 3(b) as a Bank as defined in Section
3(a)(6)of the Securities Exchange Act of 1934.
b. NB Holdings Corporation, which is a holding company of its
subsidiary, NationsBank Texas Bancorporation, Inc., which is a
holding company of its subsidiary, NationsBank of Texas, N.A.,
which is a holding company of its subsidiary, NationsBanc Capital
Corporation, a Texas corporation.
Item 8 Identification and Classification of Members of the Group:
Except for the relationships referred to in Item 7 hereof, the
reporting entities do not affirm the existence of a group. This
Form is filed on behalf of each of the entities listed in Item
2(a) hereof.
Item 9 Notice of Dissolution of Group:
Not Applicable
Item 10 Certification:
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.
Signature
After reasonable 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.
NATIONSBANK CORPORATION
NB HOLDINGS CORPORATION
NATIONSBANK TEXAS BANCORPORATION, INC.
NATIONSBANK OF TEXAS, N.A.
Date:
March 6, 1997
By:
Satish G. Pattegar
Senior Vice President
NATIONSBANC CAPITAL CORPORATION
Date:
March 6, 1997
By:
Ann B. Hayes
Senior Vice President
