Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
ABERNATHY WILLIAM L
  2. Issuer Name and Ticker or Trading Symbol
VINTAGE PETROLEUM INC [VPI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive Vice President
(Last)
(First)
(Middle)
110 WEST SEVENTH STREET, SUITE 2300
3. Date of Earliest Transaction (Month/Day/Year)
01/06/2006
(Street)

TULSA, OK 74119
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 06/21/2005   G V 950 D $ 0 214,910 D  
Common Stock 09/06/2005   G V 1,000 D $ 0 213,910 D  
Common Stock 09/27/2005   G V 2,000 D $ 0 211,910 D  
Common Stock 01/06/2006   M   12,900 A $ 15.5 224,810 D  
Common Stock 01/06/2006   M   20,644 A $ 9.6875 245,454 D  
Common Stock               500 I By Son
Common Stock               14,351 (1) I By 401(k) Plan

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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
Employee Stock Option (right to buy) (2) $ 15.5 01/06/2006   M     12,900 03/07/2000(3) 03/06/2007 Common Stock 12,900 $ 0 0 D  
Employee Stock Option (right to buy) (4) $ 9.6875 01/06/2006   M     20,644 12/31/1998(5) 03/14/2006 Common Stock 20,644 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
ABERNATHY WILLIAM L
110 WEST SEVENTH STREET, SUITE 2300
TULSA, OK 74119
  X     Executive Vice President  

Signatures

 Michael F. Meimerstorf, Attorney-in-Fact for William L. Abernathy   01/10/2006
**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).
(1) Information is based on a plan statement dated as of January 6, 2006.
(2) This option was previously reported as covering 6,450 shares at an exercise price of $31.00 per share, but was adjusted to reflect a two-for-one stock split on October 7, 1997.
(3) This option to buy 12,900 shares of common stock became exercisable in increments as follows: 6,450 shares beginning March 7, 2000, and 6,450 shares beginning January 1, 2001.
(4) This option was previously reported as covering 10,322 shares at an exercise price of $19.375 per share, but was adjusted to reflect a two-for-one stock split on October 7, 1997.
(5) This option to buy 20,644 shares of common stock became exercisable in increments as follows: 10,322 shares beginning December 31, 1998, and 10,322 shares beginning March 15, 1999.

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