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)
                       February 3, 2005 (February 2, 2005)

                     St. Mary Land & Exploration Company
             (Exact name of registrant as specified in its charter)

          Delaware                      001-31539               41-0518430
(State or other jurisdiction           (Commission             (IRS Employer
      of incorporation)               File Number)          Identification No.)
                                                       

             1776 Lincoln Street, Suite 700, Denver, Colorado 80203
               (Address of principal executive offices) (Zip Code)


       Registrant's telephone number, including area code: (303) 861-8140


                                 Not applicable
         (Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2.):

[_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))

[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))



Item 7.01   Regulation FD Disclosure.

         In accordance with General Instruction B.2. of Form 8-K, the following
information, including Exhibit 99.1, shall not be deemed filed for purposes of
Section 18 of the Securities Exchange Act of 1934, nor shall such information
and Exhibit be deemed incorporated by reference in any filing under the
Securities Act of 1933, except as shall be expressly set forth by specific
reference in such a filing.

         On February 2, 2005, St. Mary Land & Exploration Company issued a
press release announcing its 2004 year end reserves and 2005 capital
expenditures budget and also providing 2005 guidance. A copy of the press
release is furnished as Exhibit 99.1 to this report.

Item 9.01   Financial Statements and Exhibits.

       (c)  Exhibits. The following exhibits are furnished as part of this 
                      report:

            Exhibit 99.1  Press release of St. Mary Land & Exploration 
                          Company dated February 2, 2005



                                   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.


                                        ST. MARY LAND & EXPLORATION COMPANY


Date:  February 3, 2005                 By: /S/ DAVID W. HONEYFIELD
                                            -----------------------
                                            David W. Honeyfield
                                            Vice President - Finance,
                                            Treasurer and Secretary