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<CONFORMED-NAME>ST MARY LAND & EXPLORATION CO
<CIK>0000893538
<ASSIGNED-SIC>1311
<IRS-NUMBER>410518430
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
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<FORM-TYPE>8-K
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<FILE-NUMBER>001-31539
<FILM-NUMBER>05770029
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<STREET1>1776 LINCOLN ST STE 700
<CITY>DENVER
<STATE>CO
<ZIP>80203
<PHONE>303-861-8140
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<HEAD><TITLE>Form 8-K 04/25/05 Press Release</TITLE></HEAD>
<BODY>
<PRE>

                                  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)
                        April 25, 2005 (April 22, 2005)

                     St. Mary Land &amp;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))


<PAGE>




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 April 22, 2005, St. Mary Land &amp; Exploration issued a press
release announcing a regular semi-annual five cent per share cash dividend to be
paid on May 16, 2005 to stock holders of record as of the close of business on
May 6, 2005. 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 exhibit is furnished as part of this
                      report:

            Exhibit 99.1  Press release of St. Mary Land &amp; Exploration
                          Company dated April 22, 2005




<PAGE>




                                   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 &amp; EXPLORATION COMPANY


Date:  April 25, 2005                By: /S/ DAVID W. HONEYFIELD
                                         -----------------------
                                         David W. Honeyfield
                                         Vice President - Finance,
                                         Treasurer and Secretary



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<TYPE>EX-99
<SEQUENCE>2
<FILENAME>exhibit991.htm
<DESCRIPTION>042205 PRESS RELEASE
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<HEAD><TITLE>Form 8-K 04/25/05 Press Release</TITLE></HEAD>
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                                                                    Exhibit 99.1




                                                            For Information
                                                            ---------------
                                                            Mark A. Hellerstein
                                                            Robert T. Hanley
                                                            303-861-8140




                ST. MARY BOARD DECLARES SEMI-ANNUAL CASH DIVIDEND

DENVER - April 22, 2005 - St. Mary Land &amp; Exploration Company (NYSE: SM)
today announced that its Board of Directors has declared a semi-annual cash
dividend of $0.05 per share of common stock. The dividend will be paid May 16,
2005, to stockholders of record as of the close of business May 6, 2005. St.
Mary currently has approximately 57.2 million shares of common stock
outstanding.

St. Mary has paid cash dividends to stockholders every year since 1940. On March
31, 2005, St. Mary enacted a two-for-one stock split in the form of a stock
dividend whereby stockholders were issued one additional share of St. Mary
common stock for each share owned on the record date of March 21, 2005. The
Board of Directors approved maintaining the regular semi-annual dividend rate of
$0.05 per share of common stock, which on a post-split basis effectively doubled
the semi-annual dividend. Company management currently plans to continue making
semi-annual dividend payments at the rate of $0.05 per share for the foreseeable
future, subject to future earnings, capital requirements, financial condition,
credit facility covenants and other factors.

This release contains forward-looking statements within the meaning of
securities laws, including plans for future periods. The words "will" and
"plans" and similar expressions are intended to identify forward-looking
statements. These statements involve known and unknown risks, which may cause
actual results to differ materially from results expressed or implied by the
forward-looking statements. These risks include such factors as the volatility
and level of oil and natural gas prices, production rates and reserve
replacement, the imprecise nature of oil and gas reserve estimates,
uncertainties in cash flow, the availability of attractive exploration and
development and property acquisition opportunities and any necessary financing,
competition, litigation, environmental matters, and other such matters discussed
in the "Risk Factors" section of St. Mary's 2004 Annual Report on Form 10-K
filed with the SEC. Although St. Mary may from time to time voluntarily update
its prior forward-looking statements, it disclaims any commitment to do so
except as required by securities laws.

                                    PR 05-08
                                       ###





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