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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
DAILEY PETROLEUM SERVICES CORP.
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(Name of Issuer)
CLASS A COMMON STOCK, $.01 PAR VALUE
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(Title of Class of Securities)
233806-10-6
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(CUSIP Number)
Check the following box if a fee is being paid with this statement /X/. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 7
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CUSIP No. 233806-10-6 13G Page 2 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
J. D. Lawrence
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Texas
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5 SOLE VOTING POWER
NUMBER OF 5,000,000 shares
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0 shares
OWNED BY
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EACH 7 SOLE DISPOSITIVE POWER
REPORTING 5,000,000 shares
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000,000 shares
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
55.52%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 7
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CUSIP No. 233806-10-6 13G Page 3 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Lawrence Industries, Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 5,000,000 shares
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0 shares
OWNED BY
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 5,000,000 shares
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0 shares
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
55.52%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 7
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CUSIP No. 233806-10-6 13G Page 4 of 7 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Dailey Holdings Inc.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 5,000,000 shares
SHARES -------------------------------------------------
6 SHARED VOTING POWER
BENEFICIALLY
0 shares
OWNED BY
------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 5,000,000 shares
PERSON ------------------------------------------------
8 SHARED DISPOSITIVE POWER
WITH
0 shares
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,000,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
55.52%
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12 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 4 of 7
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Item 1(a) NAME OF ISSUER:
Dailey Petroleum Services Corp.
Item 1(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2507 North Frazier
P.O. Box 1863
Conroe, Texas 77305
Item 2(a) NAME OF PERSON FILING:
This Schedule is filed on behalf of J. D. Lawrence, an
individual ("Mr. Lawrence"), Lawrence Industries, Inc., a Delaware
corporation ("Lawrence Industries") and Dailey Holdings Inc., a
Delaware corporation ("Dailey Holdings").
Item 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
2507 North Frazier
P.O. Box 1863
Conroe, Texas 77305
Item 2(c) CITIZENSHIP:
Mr. Lawrence: Texas
Lawrence Industries: Delaware corporation
Dailey Holdings: Delaware corporation
Item 2(d) TITLE OF CLASS OF SECURITIES:
Class A Common Stock, $.01 par value (the "Common Stock")
Item 2(e) CUSIP NUMBER:
233806-10-6
Item 3 IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
Not applicable.
Item 4 OWNERSHIP:
Dailey Holdings owns directly 5,000,000 shares of Class B Common
Stock, $.01 par value ("Class B Stock") of Dailey Petroleum Services Corp. (the
"Company"). The Class B Stock is convertible to an equal number of shares of
Class A Common Stock, $.01 par value ("Class A Stock") of the Company at the
discretion of Dailey Holdings or upon the occurrence of certain other events as
set forth in the Company's Restated Certificate of Incorporation. Dailey
Holdings, therefore, is deemed to
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beneficially own, and have the sole power to vote and dispose of, 5,000,000
shares of Class A Stock. Lawrence Industries is the sole stockholder of Dailey
Holdings and Mr. Lawrence is the controlling stockholder of Lawrence
Industries, therefore, both Lawrence Industries and Mr. Lawrence are deemed to
beneficially own, and have sole power to vote and dispose of, 5,000,000 shares
of Class A Stock.
Item 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
Item 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
As the sole stockholder of Dailey Holdings, Lawrence Industries has the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, the Class A Stock beneficially owned by Dailey
Holdings. As the controlling stockholder of Lawrence Industries, Mr. Lawrence
has the right to receive or the power to direct the receipt of dividends from,
or the proceeds from the sale of, the Class A Stock beneficially owned by
Lawrence Industries.
Item 7 IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not applicable.
Item 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
Item 9 NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
Item 10 CERTIFICATION:
Not applicable.
Page 6 of 7
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 10, 1997
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Date
/s/ J. D. Lawrence
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J. D. Lawrence
LAWRENCE INDUSTRIES, INC.
By: /s/ J. D. Lawrence
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J. D. Lawrence
President
DAILEY HOLDINGS INC.
By: /s/ J. D. Lawrence
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J. D. Lawrence
President
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Exhibit 1.1
AGREEMENT AS TO
FILING OF SCHEDULE 13-G
Pursuant to Rule 13d-2(f)(1) promulgated under the Securities and
Exchange Act of 1934, as amended (the "Exchange Act"), each of the undersigned
agree that the Schedule 13G to which this "Agreement as to Filing of Schedule
13G" is an exhibit is filed on behalf of each of the undersigned.
February 10, 1997
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Date
/s/ J. D. Lawrence
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J. D. Lawrence
LAWRENCE INDUSTRIES, INC.
By: /s/ J. D. Lawrence
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J. D. Lawrence
President
DAILEY HOLDINGS INC.
By: /s/ J. D. Lawrence
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J. D. Lawrence
President
