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Page 1 of 9
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1 )*
PATINA OIL & GAS CORPORATION
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
703224-10-5
(CUSIP Number)
Lacey Williams (303) 534-6500
SOUTHWESTERN EAGLE L.L.C.
1675 Larimer Street, Suite 820
Denver, Colorado 80202
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(Name/Address/Telephone Number of Person Authorized to Receive Notices and
Communications)
August 4, 1999
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box / /.
Note: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Section 240.13d-7(b)
for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
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SCHEDULE 13D/A
CUSIP No. 703224-10-5 Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOUTHWESTERN EAGLE L.L.C.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
BK, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Louisiana
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Number of Shares 7 SOLE VOTING POWER
Beneficially Owned 1,525,900
by Each Reporting --------------------------------------------------
Person With 8 SHARED VOTING POWER
0
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,525,900
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,525,900
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES* / /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5
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14 TYPE OF REPORTING PERSON*
00
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SCHEDULE 13D/A
CUSIP No. 703224-10-5 Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
James W. Williams, Jr.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
BK, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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Number of Shares 7 SOLE VOTING POWER
Beneficially Owned 1,525,900
by Each Reporting --------------------------------------------------
Person With 8 SHARED VOTING POWER
0
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,525,900
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,525,900
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5
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14 TYPE OF REPORTING PERSON*
IN
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SCHEDULE 13D/A
CUSIP No. 703224-10-5 Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
H. Hunter White, III
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP *
(a) / /
(b) /X/
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
BK, WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) / /
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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Number of Shares 7 SOLE VOTING POWER
Beneficially Owned 1,525,900
by Each Reporting --------------------------------------------------
Person With 8 SHARED VOTING POWER
0
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
1,525,900
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,525,900
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
/ /
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5
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14 TYPE OF REPORTING PERSON*
IN
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Page 5 of 9 Pages
This Amendment No. 1 amends the statement on Schedule 13D (the
"Initial 13D") which was filed on July 9, 1999 pursuant to Rule 13d-1 of the
Securities Exchange Act of 1934, on behalf of each of Southwestern Eagle LLC
("Southwestern"), James W. Williams, Jr. ("Mr. Williams") and H. Hunter White
III ("Mr. White") and relates to the common stock, par value $0.01 per share
(the "Common Stock") of Patina Oil & Gas Corporation (the "Issuer"). The
Initial 13D is hereby amended as set forth below.
ITEM 2. IDENTITY AND BACKGROUND
Item 2 is hereby amended by attaching a revised Schedule I which
replaces in its entirety the Schedule I included as part of the Initial 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended by adding the following new paragraph after
the existing paragraph in the Initial 13D.
Since the filing of the Initial 13D through August 11, 1999,
Southwestern has purchased an additional 684,300 shares (the "Additional
Shares") of Common Stock for an aggregate purchase price of $5,043,746. The
funds for the acquisition of the Additional Shares came from the proceeds of
the loan described above and from loans to Southwestern Eagle from its
members. The Additional Shares have been pledged to the lender to secure
repayment of the term loan.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5 of the Initial 13D is deleted in its entirety and replaced
with the following:
As of the close of business on August 11, 1999,
(a) Southwestern holds for its account 1,525,900 Shares of the
Issuer's Common Stock, representing 9.5% of the outstanding shares of Common
Stock. The aggregate percentage of the shares of Common Stock owned by
Southwestern is based upon shares of Common Stock outstanding as reported in
the Issuer's Quarterly Report on Form 10-Q for the fiscal quarter ended June
30, 1999.
(b) As a Manager of Southwestern, each of Mr. Williams and Mr. White
may be deemed to have the sole power to direct the voting and disposition of
the shares of the Issuer's Common Stock held by Southwestern. Mr. Williams
and Mr. White disclaim beneficial ownership of such shares.
(c) Schedule II attached hereto and incorporated herein by reference
describes all transactions in the Issuer's Common Stock that were effected in
the 60 day period prior to the filing of the Initial 13D. Schedule III
attached hereto and incorporated herein by reference describes all
transactions in the Issuer's Common Stock that were effected during the
period July 14 through August 4, 1999 by the Reporting Persons or the other
persons or entities listed in Schedule I hereto.
(d) The members of Southwestern have the right to participate in the
receipt of dividends from, or proceeds from the sales of, shares of the
Issuer's Common Stock beneficially owned by Southwestern.
(e) Not applicable.
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Page 6 of 9 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
SOUTHWESTERN EAGLE L.L.C.
Dated: August 11, 1999 By:/s/ James W. Williams, Jr.
--------------------------------
Name: James W. Williams, Jr.
Title: Manager
/s/ James W. Williams, Jr.
-----------------------------------
James W. Williams, Jr.
/s/ H. Hunter White, III
-----------------------------------
H. Hunter White, III
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Page 7 of 9 Pages
SCHEDULE I
Members of Southwestern Eagle L.L.C.
The name, present principal occupation or employment, and the name
of any corporation or other organization in which such employment is
conducted, of each of the members of Southwestern Eagle L.L.C. is set forth
below. Such information is also given as to each person controlling any
member which is a partnership or a limited liability company.
<TABLE>
<CAPTION>
Name and Business Address Present Principal Occupation or
Members Employment
- ------------------------- -------------------------------
<S> <C>
James W. Williams Jr. President of Southwestern
1675 Larimer Street, Suite 820 Production Corp.
Denver, CO 80202
H. Hunter White III Investor
P. O. Box N4820
Nassau, Bahamas
LACROIX Cellular Partnership Investor
c/o H. Hunter White, Jr.
826 Union, #100
New Orleans, Louisiana 70112
E. V. Lake, L.L.C. Investor
203 Carondelet, Suite 210
New Orleans, Louisiana 70130-3703
Michael B. White Investor
P. O. Box 55715
Metairie, LA 70055
Michael Bright White Childrens Trust Investor
Andrew Rinker, Jr. or Evans F. White Co-Trustees
P. O. Box 55715
Metairie, LA 70055
Michael B. White or H. Hunter White, III Investor
Co-Trustees U/W/O JB Hickey
F/B/O Michael B. White
P. O. Box 55715
Metairie, LA 70055
David R. Flinn Development Manager of
1675 Larimer Street, Suite 820 Southwestern Production Corp.
Denver, CO 80202
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Page 8 of 9
Christian S. Chisholm Production/Operations Manager of
1675 Larimer Street, Suite 820 Southwestern Production Corp.
Denver, CO 80202
Ottley Properties, LLC Investor
P.O. Box 55715
Metairie, LA 70055
E & P, LLC Investor
826 Union, #100
New Orleans, LA 70112
</TABLE>
<TABLE>
<CAPTION>
Controlling Persons of Members
- ------------------------------
<S> <C> <C>
E. V. Lake, L.L.C.
James W. Williams, Jr. 50% See above for principal occupation or
(see above for address) employment.
H. Hunter White, III 50% See above for principal occupation or
(see above for address) employment.
LACROIX Cellular Partnership See above for principal occupation or
H. Hunter White, Jr. employment.
(see above for address)
Michael Bright White Childrens Trust See above for principal occupation or
Andrew Rinker, Jr. or Evans F. White Co-Trustees employment.
(see above for address)
U/W/O J. B. Hickey See above for principal occupation or
F/B/O Michael B. White employment.
Michael B. White or H. Hunter White, III
Co-Trustees
(see above for address)
</TABLE>
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Page 9 of 9
SCHEDULE III
Transactions in Shares of the Issuer's
Common Stock From 7/14/99 through 8/4/99
<TABLE>
<CAPTION>
Shares of Common Stock Purchased Price Per Share Date of Purchase
- -------------------------------- --------------- ----------------
<S> <C> <C>
50,000 6.625 7/14/99
10,000 6.6875 7/14/99
28,700 6.625 7/27/99
15,700 7.1764 7/30/99
579,900 7.4299 8/4/99
</TABLE>
The above purchases were made by Southwestern in open market
transactions effected upon the New York Stock Exchange and in
over-the-counter transactions.
