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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT ~~PURSUANT TO SECION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934~~

~~Date~~PURSUANT ofTO ~~report~~SECION ~~(Date~~13 ofOR ~~earliest~~15(d) OF ~~event~~THE ~~reported): JULY~~SECURITIES 8,EXCHANGE ~~2002~~ACT OF 1934

Date of report (Date of earliest event reported): February 3, 2003

CARBON ENERGY CORPORATION
(Exact Name of Registrant as Specified in Charter)

COLORADO (State of Other Jurisdiction of Incorporation) 1-15639 (Commission File Number) 84-1515097 (IRS Employer Identification No.)

COLORADO (State of Other Jurisdiction of Incorporation)		1-15639 (Commission File Number)		84-1515097 (IRS Employer Identification No.)
1700 BROADWAY, SUITE 1150, DENVER, COLORADO 80290 (Address and Zip Code of Principal Executive Offices)

1700 BROADWAY, SUITE 1150, DENVER, COLORADO 80290 (Address and Zip Code of Principal Executive Offices)

303-863-1555
(Registrant's telephone number, including area code)

~~ITEM~~ 4 Item 5. ~~CHANGES~~Other INEvents ~~REGISTRANT'S~~and ~~CERTIFYING~~Regulation ~~ACCOUNTANT~~ FD Disclosure.

Carbon Energy Corporation (Carbon or the Company) announced on February 3, 2003 that it has entered into a Purchase and Sale Agreement to sell the Company's interests in 98 gross wells (24 net wells) ~~Previous~~ ~~Independent~~and ~~Accountants~~26,300 gross acres (8,600 net acres) located primarily in Southeast New Mexico. Attached and incorporated by reference hereto as Exhibit 99.1 is the press release related to the purchase and sale agreement issued by the Company on February 3, 2003.

OnDaily ~~July 8,~~average ~~2002,~~net ~~Arthur~~production ~~Andersen~~from ~~LLP~~the ~~("Andersen")~~properties ~~was~~is ~~dismissed~~approximately as3,270 ~~independent~~Mcf ~~accountants~~of ~~for~~gas ~~Carbon~~per ~~Energy~~day ~~Corporation,~~and a130 ~~Colorado~~barrels ~~corporation~~of ~~(the~~oil ~~"Company"),~~per ~~effective immediately~~day. The ~~decision~~purchase toprice ~~dismiss~~is ~~Andersen~~$15,750,000 ~~was~~in ~~recommended~~cash, bywith ~~the~~an ~~Audit~~effective date ~~Committee~~ of ~~the~~January 1, ~~Board~~2003. ofAfter ~~Directors~~completion ~~and~~of ~~was~~due ~~approved~~diligence by the ~~Board~~buyer, ofthe ~~Directors~~sale onis ~~July 8,~~expected ~~2002~~to close in the first quarter of 2003.

~~Andersen's~~In ~~reports~~addition, on ~~the Company's financial statements for the two fiscal years ended~~ December 3112, ~~2000 and December 31~~2002, 2001, did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty or audit scope. In addition, such reports were not qualified or modified as to accounting principles except that the ~~audit report~~Company ofclosed ~~Andersen~~on ~~for the fiscal year ended December 31, 2001 contained~~ an ~~explanatory~~agreement ~~paragraph with respect~~ to ~~the~~sell ~~change in~~ the ~~method of accounting for derivative instruments effective January 1, 2001 as required by the Financial Accounting Standards Board. During the~~ Company's ~~two~~interest ~~most~~in ~~recent~~two ~~fiscal~~gross ~~years~~(two ~~and~~net ~~the~~wells) ~~period from January 1, 2002 though the date of Andersen's termination, there were no disagreements between the Company~~ and ~~Andersen~~960 ongross ~~any~~acres ~~matter~~(421 ofnet ~~accounting~~acres) ~~principles~~located ~~or practices, financial statement disclosure, or auditing scope or~~in ~~procedure,~~Southwest ~~which~~New ~~disagreements, if not resolved to the satisfaction of Andersen~~Mexico. ~~would~~The ~~have~~purchase ~~caused~~price itwas to$425,000 ~~make reference to the subject matter of the disagreements~~ in ~~connection~~cash, with ~~its~~an ~~reports.~~effective ~~In addition,~~date ~~during the above-stated period, there were no reportable events as defined in Item 304(a)(1)(v)~~ of ~~Regulation~~September ~~S-K~~1, 2002.

~~(b) New~~ The asset ~~Independent~~sales ~~Accountants~~represent a complete exit from the region and completes Carbon's program to sell assets acquired through the 1999 purchase of Bonneville Fuels Corporation which do not fit with the Company's focus on the development of its natural gas properties in the Piceance and Uintah Basins and in Central Alberta.

~~Effective~~Carbon ~~July 8,~~expects ~~2002,~~to ~~the~~use ~~Company appointed KPMG LLP ("KPMG") as its new independent accountants for~~ the ~~fiscal~~proceeds ~~year~~from ~~ending~~these ~~December 31,~~sales ~~2002. The decision~~ to ~~appoint KPMG~~continue ~~was~~its ~~recommended~~exploration byand ~~the~~development ~~Audit~~drilling ~~Committee~~program ofin the ~~Board~~Piceance ~~of Directors~~ and ~~was approved by~~ the ~~Board~~Uintah ~~of Directors on July 8, 2002~~Basins.

During the two most recent fiscal years and through the date of engaging KPMG, the Company did not consult with KPMG regarding any of the matters or events set forth in Items 304(a)(2)(i) and (ii) of Regulation S-K.

SIGNATURE

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.

CARBON ENERGY CORPORATION

Date: July 12, 2002	By:	/s/ KEVIN D. STRUZESKI
Date: February 3, 2003	By:	/s/ KEVIN D. STRUZESKI
	Name:	Kevin D. Struzeski
	Name: Kevin D. Struzeski Title: Chief Financial Officer and Treasurer
	Title:	Chief Financial Officer and Treasurer

Exhibit Index

Exhibit Number
99.1		Press Release dated February 3, 2003

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Item 5. Other Events and Regulation FD Disclosure.

SIGNATURE
CARBON ENERGY CORPORATION
Exhibit Index

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