<SUBMISSION>
<ACCESSION-NUMBER>0000893538-07-000024
<TYPE>4/A
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20061231
<FILING-DATE>20070228
<DATE-OF-FILING-DATE-CHANGE>20070228
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>ST MARY LAND & EXPLORATION CO
<CIK>0000893538
<ASSIGNED-SIC>1311
<IRS-NUMBER>410518430
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>1776 LINCOLN ST STE 700
<CITY>DENVER
<STATE>CO
<ZIP>80203
<PHONE>303-861-8140
</BUSINESS-ADDRESS>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>SCHUYLER JERRY R
<CIK>0001277436
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4/A
<ACT>34
<FILE-NUMBER>001-31539
<FILM-NUMBER>07655607
</FILING-VALUES>
<BUSINESS-ADDRESS>
<PHONE>2816772800
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O ST MARY LAND & EXPLORATION
<STREET2>580 WESTLAKE PARK BLVD #600
<CITY>HOUSTON
<STATE>TX
<ZIP>77079
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>schuyler31december06form4_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2006-12-31</periodOfReport>

    <dateOfOriginalSubmission>2007-01-18</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000893538</issuerCik>
        <issuerName>ST MARY LAND &amp; EXPLORATION CO</issuerName>
        <issuerTradingSymbol>SM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001277436</rptOwnerCik>
            <rptOwnerName>SCHUYLER JERRY R</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ST MARY LAND &amp; EXPLORATION</rptOwnerStreet1>
            <rptOwnerStreet2>580 WESTLAKE PARK BLVD #600</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77079</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Sr. VP &amp; Regional Manager</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock; $.01 Par Value</value>
            </securityTitle>
            <transactionDate>
                <value>2006-12-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>236</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>31.314</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1718</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Mr. Schuyler purchased 236 shares of the issuer's common stock on December 31, 2006, through the issuer's Employee Stock
 Purchase Plan.  The number of shares purchased was reported incorrectly on the original Form 4.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Karin M. Writer (Attorney-In-Fact)</signatureName>
        <signatureDate>2007-02-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
