UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
Commission File Number-000-24181
NOTIFICATION OF LATE FILING
(Check one)
Form 10-K and Form 10-KSB Form 20-F Form 11-K
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X Form 10-Q and Form 10-QSB Form
N-SAR
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For Period Ended June 30, 1999
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__ Transition Report on Form 10-K and Form
10-KSB
__ Transition Report on Form 20-F
__ Transition Report on Form 11-K
__ Transition Report on Form 10-Q and Form
10-QSB
__ Transition Report on Form N-SAR
For the Transition Period Ended:
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Nothing in this form shall be construed to imply that the
Commission has verified any information contained herein.
If the notification relates to a portion of the filing
checked above, identify the item(s) to which the
notification relates:
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PART I -- REGISTRANT INFORMATION
Full Name of Registrant: SOUTHWEST PARTNERS III, L.P.
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Former Name of Registrant:
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Address of Principal Executive Office (Street and Number):
407 North Big Spring, Suite 300
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City, State and Zip Code:
Midland, Texas 79701
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PART II -- RULES 12b-25 (b) and (c)
If the subject report could not be filed without
unreasonable effort or expense and the registrant seeks
relief pursuant to Rule 12b-25, the following should be
completed.
(Check box if appropriate):
[x] (a) The reasons described in reasonable
detail in Part III of this form could not be eliminated
without unreasonable effort or expense;
[x] (b) The subject annual report, semi-annual
report, transition report on Forms 10-K, 10-KSB, Form
20-F, 11-K, Form N-SAR, or portion thereof, will be
filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly
report or transition report on Forms 10-Q, 10-QSB, or
portion thereof will be filed on or before the fifth
calendar day following the prescribed due date; and
[ ] (c) The accountant's statement or other
exhibit required by Rule 12b-25 (c) has been attached
if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why the Forms
10-K, 10-KSB, 20-F, 11-K, 10-Q, 10-QSB, N-SAR, or the
transition report or portion thereof, could not be filed
within the prescribed time period. (Attach extra sheets if
needed)
The Partnership holds a significant investment in a
well servicing company. The well servicing company has
experienced some personnel changes within the second
quarter. The personnel changes have caused some timing
delays, thus the MD&A section of the well servicing portion
of the above 10-Q has been delayed.
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in
regard to this
notification
Lisa Hailes (915) 686-9927
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(Name) (Area code and Telephone Number)
(2) Have all other periodic reports required under Section
13 or 15(d) of the Securities Exchange Act of 1934 or
Section 30 of the Investment Company Act of 1940 during the
preceding 12 months (or for such shorter period that the
registrant was required to file such reports) been filed? If
answer is no, identify report(s).
X Yes No
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(3) Is it anticipated that any significant change in
results of operations from the corresponding period for the
last fiscal year will be reflected by the earnings
statements to be included in the subject report or portion
thereof?
Yes X No
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If so, attach an explanation of the anticipated change,
both narratively and quantitatively, and, if
appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
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SIGNATURES
SOUTHWEST PARTNERS III, L.P.
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(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by
the undersigned hereto duly authorized
Dated: August 16, 1999 SOUTHWEST
PARTNERS III, L.P.
By: Southwest Royalties, Inc.,
Managing General Partner
By: /s/ H.H. Wommack, III
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H.H. Wommack, III
President
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