content: SECURITIES AND EXCHANGE COMMISSION
  
                               Washington, D. C. 20549
  
                                      FORM 8-K
  
  
                                   CURRENT REPORT
  
  
                         PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES AND EXCHANGE ACT OF 1934
  
  
                                 September 25, 2001
                                   Date of Report
                          (Date of earliest event reported)
  
  
                               POWER EXPLORATION, INC.
               (Exact name of registrant as specified in its charter)
  
  
          Nevada                       000-09419               84-0811647
  -------------------------------------------------------------------------------
  (State of Incorporation)       Commission File No.        (IRS Employer ID No.)
  
  
  
  
  
  
  
                                5416 Birchman Avenue
                               Fort Worth, Texas 76107
                           -------------------------------
                      (Address of principal executive offices)
  
                                   (817) 377-4464
                             --------------------------
                           (Registrant's telephone number)
  
  
  
  
  
  <PAGE>
  
  
  
  
  Item 5. Other Materially Important Events
  
  Change in the Capitalization of Company - Reverse Split
  
           As the shareholders of Power Exploration, Inc. are aware, the Company
  has been operating for a period of over a year under a going-concern exception
  issued by its auditors, Killman, Murrell & Co., P.C. Unfortunately, the Company
  has been unable to secure adequate financing in both private and public sectors.
  
  
           This failure is primarily due to depressed and inconsistent commodity
  prices and the nature of the Company's current debt structure. Current
  management also was unable to affect the strategies espoused in its business
  plan and fund its private placement.
  
           Accordingly, the Company, by vote of a full majority of its Board of
  Directors, announces a one for one hundred (1 to 100) reverse stock split, as
  dictated and authorized by Nevada State law. While this action is regrettable,
  management of the Company feels that it is in the best interest of its
  shareholders.
  
  Item 7.  Exhibits
  
  EX-3     SPECIAL MEETING BY THE BOARD OF DIRECTORS OF POWER
           EXPLORATION, INC. DATED SEPTEMBER 25, 2001.
  
  <PAGE>
  
  
  
                                     SIGNATURES
  
           Pursuant to the requirements of the Securities and Exchange Act of
  1934, the registrant has duly caused this report to be signed on its behalf by
  the undersigned thereunto duly authorized.
  
                                                POWER EXPLORATION, INC.
  
  Date: OCTOBER 10, 2001
                                                /S/ M.O. Rife, III
                                                ------------------------------
                                                M. O. Rife, III, Chairman
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "form8k.txt", "description": "MAIN DOCUMENT", "secsgml_size_bytes": 2929}]
metadata_filer: {"company-data": {"conformed-name": "POWER EXPLORATION INC", "cik": "0000316621", "assigned-sic": "1311", "irs-number": "840811647", "state-of-incorporation": "NV", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-09419", "film-number": "1759756"}, "business-address": {"street1": "5416 BIURCHMAN AVENUE", "street2": "C/O MANY ANN WELCH", "city": "FORT WORTH", "state": "TX", "zip": "76107", "phone": "8173774464"}, "mail-address": {"street1": "5416 BIRCHMAN AVENUE", "city": "FORT WORTH", "state": "TX", "zip": "76107"}, "former-company": [{"former-conformed-name": "IMPERIAL ENERGY CORP", "date-changed": "19980727"}, {"former-conformed-name": "TITAN ENERGY CORP INC", "date-changed": "19980727"}]}
text: SECURITIES AND EXCHANGE COMMISSION
  
                               Washington, D. C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
                         PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES AND EXCHANGE ACT OF 1934
  
                                 September 25, 2001
                                   Date of Report
                          (Date of earliest event reported)
  
                               POWER EXPLORATION, INC.
               (Exact name of registrant as specified in its charter)
  
          Nevada                       000-09419               84-0811647
  -------------------------------------------------------------------------------
  (State of Incorporation)       Commission File No.        (IRS Employer ID No.)
  
                                5416 Birchman Avenue
                               Fort Worth, Texas 76107
                           -------------------------------
                      (Address of principal executive offices)
  
                                   (817) 377-4464
                             --------------------------
                           (Registrant's telephone number)
  Item 5. Other Materially Important Events
  
  Change in the Capitalization of Company - Reverse Split
  
           As the shareholders of Power Exploration, Inc. are aware, the Company
  has been operating for a period of over a year under a going-concern exception
  issued by its auditors, Killman, Murrell & Co., P.C. Unfortunately, the Company
  has been unable to secure adequate financing in both private and public sectors.
  
           This failure is primarily due to depressed and inconsistent commodity
  prices and the nature of the Company's current debt structure. Current
  management also was unable to affect the strategies espoused in its business
  plan and fund its private placement.
  
           Accordingly, the Company, by vote of a full majority of its Board of
  Directors, announces a one for one hundred (1 to 100) reverse stock split, as
  dictated and authorized by Nevada State law. While this action is regrettable,
  management of the Company feels that it is in the best interest of its
  shareholders.
  
  Item 7.  Exhibits
  
  EX-3     SPECIAL MEETING BY THE BOARD OF DIRECTORS OF POWER
           EXPLORATION, INC. DATED SEPTEMBER 25, 2001.
  SIGNATURES
  
           Pursuant to the requirements of the Securities and Exchange Act of
  1934, the registrant has duly caused this report to be signed on its behalf by
  the undersigned thereunto duly authorized.
  
                                                POWER EXPLORATION, INC.
  
  Date: OCTOBER 10, 2001
                                                /S/ M.O. Rife, III
                                                ------------------------------
                                                M. O. Rife, III, Chairman