<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
CARRIZO OIL & GAS, INC.
-----------------------
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
-----------------------------
(Title of Class of Securities)
144577 10 3
-----------
(CUSIP Number)
Julia Murray
General Counsel - Finance
Enron North America Corp.
1400 Smith Street
Houston, TX 77002
(713) 853-6161
--------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 15, 1999
-----------------
(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 Section 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).
<PAGE> 2
SCHEDULE
13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sundance Assets, L.P.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
00
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 62,500*
EACH ----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
62,500*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
62,500*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.6%**
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
* Represents shares of Common Stock that may be acquired upon the exercise of
certain warrants described herein. Such warrants are currently exercisable.
** Based on information contained in the Form 10-Q of Carrizo Oil & Gas, Inc.,
for the quarter ended September 30, 1999 as of November 3, 1999.
Page 2 of 14
<PAGE> 3
SCHEDULE
13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Enron North America Corp. (formerly known as Enron Capital & Trade
Resources Corp.)
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 250,000*
EACH ----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
250,000*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,000*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%**
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
* Represents shares of Common Stock that may be acquired upon the exercise of
certain warrants described herein. Such warrants are currently exercisable.
** Based on information contained in the Form 10-Q of Carrizo Oil & Gas, Inc.,
for the quarter ended September 30, 1999 as of November 3, 1999.
Page 3 of 14
<PAGE> 4
SCHEDULE
13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Enron Corp.
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
WC
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Oregon
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 250,000*
EACH ----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
250,000*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
250,000*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.4%**
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- --------------------------------------------------------------------------------
* Represents shares of Common Stock that may be acquired upon the exercise of
certain warrants described herein. Such warrants are currently exercisable.
** Based on information contained in the Form 10-Q of Carrizo Oil & Gas, Inc.,
for the quarter ended September 30, 1999 as of November 3, 1999.
Page 4 of 14
<PAGE> 5
SCHEDULE
13D
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Joint Energy Development Investments II Limited Partnership
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)[ ]
(b)[X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
BK
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF ----------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 187,500*
EACH ----------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON
WITH 0
----------------------------------------------------------
10 SHARED DISPOSITIVE POWER
187,500*
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
187,500*
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
N/A
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.8%**
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
- --------------------------------------------------------------------------------
* Represents shares of Common Stock that may be acquired upon the exercise of
certain warrants described herein. Such warrants are currently exercisable.
** Based on information contained in the Form 10-Q of Carrizo Oil & Gas, Inc.,
for the quarter ended September 30, 1999 as of November 3, 1999.
Page 5 of 14
<PAGE> 6
STATEMENT ON SCHEDULE 13D
Note: All information herein with respect to Carrizo Oil & Gas, Inc., a Texas
corporation (the "Issuer"), is to the knowledge and belief of the Reporting
Entities (as defined herein).
Items 2, 4, 5 and 7 of Amendment No. 1 to the joint Schedule 13D/A of Sundance
Assets, L.P., Enron Corp., Enron North America Corp. (formerly known as Enron
Capital & Trade Resources Corp.) and Joint Energy Development Investments II
Limited Partnership dated January 6, 1999 are amended by the addition of the
following:
Item 2. Identity and Background, Item 4. Purpose of Transaction and Item 5.
Interest in Securities of the Issuer.
This Amendment No. 2 to the Schedule 13D/A is being filed by (i) Sundance
Assets, L.P. ("Sundance"), (ii) Enron North America Corp. ("ENA"), (iii) Enron
Corp. ("Enron") and (iv) Joint Energy Development Investments II Limited
Partnership ("JEDI II"). Sundance, ENA, Enron and JEDI II are referred to herein
as the "Reporting Entities." Schedules I, II, III and IV set forth current
information regarding the executive officers and directors of Enron Ponderosa
Management Holdings, Inc. (the corporate general partner of the general partner
of Sundance), ENA, Enron and Enron Capital II Corp. (the corporate general
partner of the general partner of JEDI II), respectively.
On December 1, 1999, Sundance, ENA, JEDI II and the Issuer entered into a
Stock and Warrant Purchase Agreement (the "Purchase Agreement") providing for
the repurchase by the Issuer of all the outstanding shares of the Issuer's 9%
Series A Preferred Stock held by Sundance and JEDI II, the repurchase by the
Issuer of 750,000 outstanding warrants to purchase the Issuer's Common Stock
held by Sundance and JEDI II and the amendment of the terms of 250,000 warrants
to purchase the Issuer's Common Stock (the "Warrants") retained by Sundance and
JEDI II, for the total purchase price of $12,000,000 paid by the Issuer.
Sundance retained 62,500 Warrants, and JEDI II retained 187,500 Warrants. The
only material modification to the terms of the retained Warrants was to the
exercise price, which was reduced from $11.50 per share to $4.00 per share. The
closing under the Purchase Agreement occurred on December 15, 1999.
None of the Reporting Entities directly owns any Common Stock. If the
Warrants held by Sundance and JEDI II were exercised for Common Stock, the
shares of Common Stock issuable upon conversion of such Warrants would represent
approximately 2.4% of the outstanding Common Stock (based on the number of
shares of Common Stock outstanding as of November 3, 1999 as reported by the
Issuer in its Quarterly Report on Form 10-Q for the quarter ended September 30,
1999). The Reporting Entities ceased to be deemed the beneficial owners of more
than 5% of the Issuer's Common Stock as of December 15, 1999 and are no longer
subject to filing obligations under Section 13 of the Securities Exchange Act of
1934 with respect to securities of the Issuer.
Page 6 of 14
<PAGE> 7
Item 7. Material to be Filed as Exhibits.
Exhibit 7 Stock and Warrant Purchase Agreement dated December 1, 1999
among the Issuer, Enron North America Corp., Sundance Assets,
L.P. and Joint Energy Development Investments II Limited
Partnership (incorporated herein by reference to Exhibit 99.1
to the Issuer's Current Report on Form 8-K filed on December
1, 1999).
Page 7 of 14
<PAGE> 8
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: January 12, 2000 SUNDANCE ASSETS, L.P.
By: Ponderosa Assets, L.P.
its general partner
By: Enron Ponderosa Management Holdings, Inc.
its general partner
By: /s/ JULIA HEINTZ MURRAY
------------------------------------------
Name: Julia Heintz Murray
Title: Vice President, General Counsel,
Finance and Secretary
Date: January 12, 2000 ENRON NORTH AMERICA CORP.
By: /s/ JOHN S. HOPLEY
------------------------------------------
Name: John S. Hopley
Title: Vice President
Date: January 12, 2000 ENRON CORP.
By: /s/ ANGUS H. DAVIS
------------------------------------------
Name: Angus H. Davis
Title: Vice President and
Deputy Corporate Secretary
Date: January 12, 2000 JOINT ENERGY DEVELOPMENT
INVESTMENTS II LIMITED PARTNERSHIP
By: Enron Capital Management II
Limited Partnership
its general partner
By: Enron Capital II Corp.
its general partner
By: /s/ JULIA HEINTZ MURRAY
------------------------------------------
Name: Julia Heintz Murray
Title: Vice President, General Counsel,
Finance and Secretary
Page 8 of 14
<PAGE> 9
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS
ENRON PONDEROSA MANAGEMENT HOLDINGS, INC.
<TABLE>
<CAPTION>
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
<S> <C> <C>
1400 Smith Street
Houston, TX 77002
James V. Derrick, Jr. U.S.A. Director
J. Clifford Baxter U.S.A. Director and Chairman, Chief Executive
Officer and Managing Director
Lawrence G. Whalley U.S.A. Director, President and Managing
Director
Richard B. Buy U.S.A. Managing Director
Andrew S. Fastow U.S.A. Managing Director
Mark E. Haedicke U.S.A. Managing Director and General Counsel
Michael J. Kopper U.S.A. Managing Director
Jeffrey McMahon U.S.A. Managing Director, Finance and
Treasurer
</TABLE>
Page 9 of 14
<PAGE> 10
SCHEDULE II
DIRECTORS AND EXECUTIVE OFFICERS
ENRON NORTH AMERICA CORP.
<TABLE>
<CAPTION>
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
<S> <C> <C>
1400 Smith Street
Houston, TX 77002
J. Clifford Baxter U.S.A. Director; Chairman of the Board, Chief
Executive Officer and Managing Director
Mark E. Haedicke U.S.A. Director; Managing Director and
General Counsel
Lawrence G. Whalley U.S.A. Director; President and Chief
Operating Officer
Philippe A. Bibi U.S.A. Managing Director
W. Craig Childers U.S.A. Managing Director
David W. Delainey U.S.A. Managing Director
Richard G. DiMichele U.S.A. Managing Director
Jay L. Fitzgerald U.S.A. Managing Director
Kevin P. Hannon U.S.A. Managing Director
Michael J. Kopper U.S.A. Managing Director
John J. Lavorato U.S.A. Managing Director
Danny J. McCarty U.S.A. Managing Director
Michael McConnell U.S.A. Managing Director
J. Kevin McConville U.S.A. Managing Director
Jere C. Overdyke, Jr. U.S.A. Managing Director
Gregory F. Piper U.S.A. Managing Director
Brian L. Redmond U.S.A. Managing Director
Jeffrey A. Shankman U.S.A. Managing Director
John R. Sherriff U.S.A. Managing Director
Colleen Sullivan-Shaklovitz U.S.A. Managing Director
</TABLE>
Page 10 of 14
<PAGE> 11
SCHEDULE III
DIRECTORS AND EXECUTIVE OFFICERS
ENRON CORP.
<TABLE>
<CAPTION>
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
<S> <C> <C>
Robert A. Belfer U.S.A. Director; Chairman, President and Chief
Belco Oil & Gas Corp. Executive Officer,
767 Fifth Avenue, 46th Fl. Belco Oil & Gas Corp.
New York, NY 10153
Norman P. Blake, Jr. U.S.A. Director; Chairman, President and CEO of
Promus Hotel Corp. Promus Hotel Corporation
705 Crossover Lane
Memphis, TN 58117-4900
Ronnie C. Chan U.S.A. Director; Chairman of Hang Lung
Hang Lung Development Development Group
Company Limited
28/F, Standard Chartered
Bank Building
4 Des Vouex Road Central
Hong Kong
John H. Duncan U.S.A. Director; Investments
5851 San Felipe, Suite 850
Houston, TX 77057
Paulo V. Ferraz Pereira Brazil Director; President and Chief Executive
Meridional Financial Group Officer of Meridional Financial Group
Av. Rio Branco, 138-15th andar
20057-900 Rio de Janeiro - RJ
Brazil
Joe H. Foy U.S.A. Director; Retired Senior Partner
Bracewell & Patterson
2900 South Tower Pennzoil Place
711 Louisiana
Houston, TX 77002
Wendy L. Gramm U.S.A. Director; Former Chairman, U.S. Commodity
P. O. Box 39134 Futures Trading
Washington, D.C. 20016 Commission
Ken L. Harrison U.S.A. Director; Chairman and Chief Executive
121 S. W. Salmon Street Officer, Portland General Electric Company
Portland, OR 97204
</TABLE>
Page 11 of 14
<PAGE> 12
<TABLE>
<S> <C> <C>
Robert K. Jaedicke U.S.A. Director; Professor (Emeritus), Graduate
Graduate School of Business School of Business Stanford University
Stanford University
Stanford, CA 94305
Charles A. LeMaistre U.S.A. Director; President (Emeritus), University
P. O. Box 15247 of Texas M.D. Anderson Cancer Center
San Antonio, TX 78212
John Mendelsohn U.S.A. Director; President, University of Texas M.
University of Texas D. Anderson Cancer Center
M. D. Anderson Cancer Center
1515 Holcombe
Houston, TX 77030
Jerome J. Meyer U.S.A. Director; Chairman and Chief Executive
26600 S. W. Parkway Officer, Tektronix, Inc.
Building 63; P. O. Box 1000
Wilsonville, OR 97070-1000
Frank Savage U.S.A. Director; Chairman, Alliance Capital
1345 Avenue of the Americas Management International
39th Floor
New York, NY 10105
John A. Urquhart U.S.A. Director; Senior Advisor to the Chairman
John A. Urquhart Assoc. of Enron Corp.; President, John A. Urquhart
111 Beach Road Associates
Fairfield, CT 06430
John Wakeham U.K. Director; Former U.K. Secretary of State
1 Salisbury Square for Energy and Leader of the Houses of
London EC4Y 8JB Commons and Lords
United Kingdom
Herbert S. Winokur, Jr. U.S.A. Director; President, Winokur & Associates,
Capricorn Management, G.P. Inc.
30 East Elm Ct.
Greenwich, CT 06830
Each of the following person's business
address is:
1400 Smith Street
Houston, TX 77002
Kenneth L. Lay U.S.A. Director; Chairman and Chief Executive
Officer
</TABLE>
Page 12 of 14
<PAGE> 13
<TABLE>
<S> <C> <C>
J. Clifford Baxter U.S.A. Chairman of the Board, Chief Executive
Officer and Managing Director, Enron North
America Corp.
Richard B. Buy U.S.A. Executive Vice President and Chief Risk
Officer
Richard A. Causey U.S.A. Executive Vice President and Chief
Accounting Officer
James V. Derrick, Jr. U.S.A. Executive Vice President and General Counsel
Andrew S. Fastow U.S.A. Executive Vice President and Chief
Financial Officer
Mark A. Frevert U.S.A. President and Chief Executive Officer,
Enron Europe, Ltd.
Joseph M. Hirko U.S.A. Senior Vice President, Enron Corp.; Co-Chairman
and Co-Chief Executive Officer of
Enron Communications Inc.
Stanley C. Horton U.S.A. Chairman and Chief Executive Officer, Enron
Gas Pipeline Group
Steven J. Kean U.S.A. Executive Vice President and Chief of Staff
Mark E. Koenig U.S.A. Executive Vice President, Investor Relations
Rebecca Mark-Jusbasche U.S.A. Director; Chairman and Chief Executive
Officer, Azurix Corp.
Jeffrey McMahon U.S.A. Executive Vice President, Finance and
Treasurer
Michael S. McConnell U.S.A. Executive Vice President, Technology
J. Mark Metts U.S.A. Executive Vice President, Corporate
Development
Cindy K. Olson U.S.A. Executive Vice President, Human Resources and
Community Relations
Lou L. Pai U.S.A. Chairman, President and Chief Executive
Officer, Enron Energy Services, Inc.
Kenneth D. Rice U.S.A. Co-Chairman and Co-Chief Executive Officer
and President, Enron Communications Inc.
Jeffrey K. Skilling U.S.A. Director; President and Chief Operating
Officer, Enron Corp.
Joseph W. Sutton U.S.A. Vice Chairman, Enron Corp.
</TABLE>
Page 13 of 14
<PAGE> 14
SCHEDULE IV
DIRECTORS AND EXECUTIVE OFFICERS
ENRON CAPITAL II CORP.
<TABLE>
<CAPTION>
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
<S> <C> <C>
1400 Smith Street
Houston, TX 77002
James V. Derrick, Jr. U.S.A. Director
J. Clifford Baxter U.S.A. Director and Chairman, Chief
Executive Officer and Managing
Director
Lawrence G. Whalley U.S.A. Director; President and Managing
Director
Richard B. Buy U.S.A. Managing Director
Andrew S. Fastow U.S.A. Managing Director
Jeffrey McMahon U.S.A. Managing Director, Finance and
Treasurer
Mark E. Haedicke U.S.A. Managing Director and General
Counsel
Michael J. Kopper U.S.A. Managing Director
</TABLE>
Page 14 of 14
