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To: Rocky510 who wrote (351)	2/12/1998 12:37:00 AM
From: Mitchell K. No	Read Replies (1) \| Respond to of 746

SHERIDAN ENERGY INC (NASDAQ:SHDN) files SEC Form SC 13G EDGAR Online, Tuesday, February 10, 1998 at 10:36 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___) Sheridan Energy Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 823764105 (CUSIP Number) 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 (the "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) Page 1 of 7 Pages CUSIP NO. 823764105 13G Page 2 of 7 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON OppenheimerFunds, Inc. I.R.S. NO. 13-2527171 ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ------------------------------------------------------------ A ------------- B X ------------- ------ ---- ------------- ------------- 3 SEC USE ONLY ------ ------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Colorado ------ ------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------- ---- ---------------------------------------------------------- 6 SHARED VOTING POWER 0 -------- -------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 -------- -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 394,283 -------- ------------- ------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 394,283 ------------- ------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ------------- ------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.21% ------------- ------------- 12 TYPE OF REPORTING PERSON* IA ------ -------- ------------- ------------- SEE INSTRUCTION BEFORE FILLING OUT! CUSIP NO. 823764105 13G Page 3 of 7 Pages 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Oppenheimer Strategic Income Fund I.R.S. No. 84-1120195 ------ ------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP ------------------------------------------------------------ A ------------- B X ------------- ------ ---- ------------- ------------- 3 SEC USE ONLY ------ ------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts ------ ------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 394,283 BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------- ---- ---------------------------------------------------------- 6 SHARED VOTING POWER 0 -------- -------------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 -------- -------------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 394,283 -------- ------------- ------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 394,283 ------------- ------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* ------------- ------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 9.21% ------------- ------------- 12 TYPE OF REPORTING PERSON* IV ------ -------- ------------- ------------- SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 Item 1(a) Name of Issuer: Sheridan Energy Inc. Item 1(b) Address of Issuer's Principal Executive Offices: 1000 Louisiana, Ste 800 Houston, TX 77002 Item 2(a) Name of Person Filing: OppenheimerFunds, Inc. Item 2(b) Address of Principal Business Office: Two World Trade Center, Suite 3400 New York, New York 10048-0203 Item 2(c) Citizenship: Inapplicable Item 2(d) Title of Class of Securities: Common Stock Item 2(e) CUSIP Number: 823764105 Item 3(e) X Investment Adviser registered under Section 203 of --- the Investment Advisers Act of 1940 Item 4(a) Amount Beneficially Owned: 394,283 shares Item 4(b) Percent of Class: 9.21% Item 4(c)(i) Sole Power to vote or to direct the vote - 0 Item 4(c)(ii) Shared power to vote or to direct the vote - 0 Item 4(c)(iii) Sole power to dispose or to direct the disposition of - 0 Item 4(c)(iv) Shared power to dispose or to direct the disposition of - 394,283 shares Page 3 of 7 Pages Item 5 Ownership to 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 5% of the class of securities, check the following: Item 6 Ownership of More than Five Percent on Behalf of Another ---------------------------------------------------------- Person: See Exhibit A hereto Item 7 Identification and Classification of the Subsidiary Which --------------------------------------------------------- Acquired the Security Being Reported on By the Parent Holding Company: Inapplicable Item 8 Identification and Classification of Members of the Group: --------------------------------------------------------- Inapplicable Item 9 Notice of Dissolution of Group: ------------------------------ Inapplicable 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. Date: February 9, 1998 Signature: /s/ Merryl Hoffman Name/Title: Merryl Hoffman, Vice President sec\sheri.13g Page 4 of 7 Pages EXHIBIT A The Board of Directors or Trustees of the registered investment companies managed by OppenheimerFunds, Inc. ("OFI") and owning shares of the issuer can direct the disposition of dividends received by such funds and can dispose of such securities. Additionally, OFI shares the power to dispose of such securities with the Board of Directors or Trustees of such funds; however, the Board of Directors or Trustees of such fund has delegated these responsibilities to OFI as the fund's investment advisor under its investment advisory agreement. OFI has an interest relating to five (5%) percent or more of such securities as disclosed on Page 2 hereof, by virtue of the interest of five percent (5%) or more of such securities by Oppenheimer Strategic Income Fund, as disclosed on pages 3 and 4 hereof. OFI disclaims ownership of such securities, except as expressly stated herein. Page 5 of 7 Pages EXHIBIT B The undersigned investment company hereby acknowledges and agrees that a report on Schedule 13G being filed by OppenheimerFunds, Inc. on or about the date hereof, relating to the common stock of Sheridan Energy Inc. is filed on behalf of the undersigned. Dated: February 9, 1998 Oppenheimer Strategic Income Fund By:/s/ Robert G. Zack Robert G. Zack Assistant Secretary Page 6 of 7 Pages To view the full document, go to: SHERIDAN ENERGY INC SC 13G For other Edgar reports on SHERIDAN ENERGY INC (SHDN), go to: List of Edgar-Online reports for SHDN Companies or Securities discussed in this article: SymbolNameNASDAQ:SHDN c 1998 Quote.com, Inc. All Rights Reserved.