Form 8K 01/27/03 Press Release

                                 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)
                       January 28, 2003 (January 27, 2003)

                     ST. MARY LAND & EXPLORATION COMPANY
             (Exact name of registrant as specified in its charter)

          Delaware                    001-31539                 41-0518430
(State or other jurisdiction         (Commission              (I.R.S 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.)





Item 7.    Financial Statements and Exhibits.

    (c)    Exhibits.

              The following exhibit is furnished as part of this report:

              Exhibit 99.1   Press release of St. Mary Land & Exploration
                             Company dated January 27, 2003.


Item 9. 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 and 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.

         The registrant issued a press release dated January 27, 2003 announcing
its 2003 capital expenditures budget, year-end 2002 reserves and an update of
its operations for the fourth quarter of 2002. This press release is attached
hereto as Exhibit 99.1.




                                   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: January 28, 2003                  /s/ GARRY A. WILKENING
                                        ------------------------------------
                                        Garry A. Wilkening
                                        Vice President-Administration and
                                        Controller