FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * WILLSON KEVIN E   2. Issuer Name and Ticker or Trading Symbol ST MARY LAND & EXPLORATION CO [SM] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr. VP-MidCont Drllg & Prdctn (Last) (First) (Middle) C/O ST MARY LAND & EXPLORATION, 7060 S. YALE #800 3. Date of Earliest Transaction (Month/Day/Year) 03/03/2005 (Street) TULSA, OK 74136 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock; $.01 par Value 03/03/2005   M   1,476 A $ 15.93 2,952 D   Common Stock; $.01 Par Value 03/03/2005   M   1,476 A $ 21.19 4,428 D   Common Stock; $.01 par Value 03/03/2005   M   776 A $ 21.71 5,204 D   Common Stock; $.01 par Value 03/03/2005   S   3,728 D $ 51.35 1,476 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (Right to Buy)

$ 15.93

03/03/2005

M

1,476

09/30/2001

09/30/2011

Common Stock

1,476

$ 0

0

D

Stock Option (Right to Buy)

$ 21.19

03/03/2005

M

1,476

12/31/2001

12/31/2011

Common Stock

1,476

$ 0

0

D

Stock Option (Right to Buy)

$ 21.71

03/03/2005

M

776

03/31/2002

03/31/2012

Common Stock

776

$ 0

1,476

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
WILLSON KEVIN E C/O ST MARY LAND & EXPLORATION 7060 S. YALE #800 TULSA, OK 74136			Sr. VP-MidCont Drllg & Prdctn

Signatures

Brenda L. Schohn (Attorney-In-Fact)		03/04/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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