<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
AMENDMENT NO. 4
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Weatherford Enterra, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
947071106
- --------------------------------------------------------------------------------
(CUSIP Number)
c/o First Reserve Corporation, 475 Steamboat Road,
Greenwich, CT 06830
(203) 661-6601
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
March 4, 1998
- --------------------------------------------------------------------------------
(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 which is the subject of this Statement because of
Rule 13d-1(b)(3) or (4), check the following box: [ ]
Check the following box if a fee is being paid with the statement: [ ]
<PAGE> 2
CUSIP NO. 947071106 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Corporation
I.R.S. No.: 06-1210123
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [ ]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 6,569,306
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
6,569,306
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,569,306
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
12.50%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
PAGE 2 OF 12
<PAGE> 3
CUSIP NO. 947071106 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
American Gas & Oil Investors, Limited Partnership
I.R.S. No.: 13-3077100
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 1,360,000
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
1,360,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,360,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
2.59%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
PAGE 3 OF 12
<PAGE> 4
CUSIP NO. 947071106 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
AmGO II, Limited Partnership
I.R.S. No.: 13-3149992
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF
SHARES 850,000
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
850,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
850,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.62%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
PAGE 4 OF 12
<PAGE> 5
CUSIP NO. 947071106 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Secured Energy Assets Fund, Limited Partnership
I.R.S. No.: 06-1232433
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 650,000
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
650,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
650,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.24%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
PAGE 5 OF 12
<PAGE> 6
CUSIP NO. 947071106 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund V, Limited Partnership
I.R.S. No.: 06-1295657
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 2,300,000
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
2,300,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,300,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
4.38%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
PAGE 6 OF 12
<PAGE> 7
CUSIP NO. 947071106 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund V-2, Limited Partnership
I.R.S. No.: 06-6351960
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 640,000
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
640,000
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
640,000
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.22%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
PAGE 7 OF 12
<PAGE> 8
CUSIP NO. 947071106 SCHEDULE 13D/A
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
First Reserve Fund VI, Limited Partnership
I.R.S. No.: 06-1334650
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a [ ]
(b [X]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
- --------------------------------------------------------------------------------
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
NUMBER OF
SHARES 735,371
BENEFICIALLY -----------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH
REPORTING 0
PERSON -----------------------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
735,371
-----------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
735,371
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES* [ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.40%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
PAGE 8 OF 12
<PAGE> 9
ITEM 1. SECURITY AND ISSUER.
This Statement on Schedule 13D (the "Schedule 13D"), filed pursuant to Rule
13d-1 of the Rules and Regulations under the Securities Exchange Act of 1934, as
amended, by American Gas & Oil Investors, Limited Partnership ("Fund I"), AmGO
II, Limited Partnership ("Fund II"), First Reserve Secured Energy Assets Fund,
Limited Partnership ("Fund IV"), First Reserve Fund V, Limited Partnership
("Fund V"), First Reserve Fund V-2, Limited Partnership ("Fund V-2") and First
Reserve Fund VI, Limited Partnership ("Fund VI", and together with Fund I, Fund
II, Fund IV, Fund V and Fund V-2, the "Funds") and by First Reserve Corporation
("First Reserve") with respect to the common shares ("the Shares") of
Weatherford Enterra, Inc., a Delaware corporation (the "Issuer"), is hereby
supplemented and amended as set forth below.
ITEM 4. PURPOSE OF TRANSACTION
Item 4 is hereby amended by adding the following:
As described in Item 6 below, First Reserve and each of the Funds entered
into a Voting Agreement with EVI, Inc. ("EVI") on March 4, 1998. First Reserve
and the Funds entered into the Voting Agreement as a condition to EVI entering
into a Merger Agreement, dated March 4, 1998, with the Issuer (the "Merger
Agreement").
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS
Item 6 is hereby amended by adding the following:
On March 4, 1997, First Reserve and each of the Funds entered into the
Voting Agreement. The Voting Agreement, among other things, requires First
Reserve and each of the Funds to vote their shares in favor of the Merger
Agreement at any meeting of Weatherford stockholders where the adoption of the
Merger Agreement is being voted upon unless, at the time of such meeting the
Board of Directors of Weatherford, pursuant to the terms of the Merger
Agreement, is recommending that Stockholders vote for a superior proposal.
A copy of the Voting Agreement is attached hereto as Exhibit D.
ITEM 7. EXHIBITS
Item 7 is hereby amended by adding the following:
Exhibit D Form of Voting Agreement dated March 4, 1998.
Schedule I, attached to the 13D filed on October 11, 1995, and incorporated
therein by reference, is hereby amended to replace the list of executive
officers and directors of First Reserve Corporation with the following:
William E. Macaulay
President and Chief Executive Officer, Managing Director and Director
John A. Hill
Chairman, Managing Director and Director
David H. Kennedy
Managing Director and Director
Johnathan S. Linker
Managing Director
Bruce M. Rothstein
Managing Director
Thomas R. Denison
Managing Director, Assistant Secretary and General Counsel
Elizabeth C. Foley
Managing Director, Chief Financial Officer, Treasurer and Secretary
Cathleen M. Ellsworth
Managing Director
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.
Dated: March 5, 1998
First Reserve Corporation
By: /s/ Thomas R. Denison
----------------------
Name: Thomas R. Denison
Title: Managing Director
Page 9 of 12
<PAGE> 10
American Gas & Oil Investors, Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
By: /s/ Thomas R. Denison
--------------------------
Name: Thomas R. Denison
Title: Managing Director
AmGO II, Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
By: /s/ Thomas R. Denison
--------------------------
Name: Thomas R. Denison
Title: Managing Director
First Reserve Secured Energy Assets Fund, Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
By: /s/ Thomas R. Denison
--------------------------
Name: Thomas R. Denison
Title: Managing Director
First Reserve Fund V, Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
By: /s/ Thomas R. Denison
--------------------------
Name: Thomas R. Denison
Title: Managing Director
Page 10 of 12
<PAGE> 11
First Reserve Fund V-2, Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
By: /s/ Thomas R. Denison
-----------------------------
Name: Thomas R. Denison
Title: Managing Director
First Reserve Fund VI, Limited Partnership
By: First Reserve Corporation,
as Managing General Partner
By: /s/ Thomas R. Denison
----------------------------
Name: Thomas R. Denison
Title: Managing Director
Page 11 of 12
<PAGE> 12
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
- ------- -----------
<S> <C>
D Form of Voting Agreement dated March 4, 1998.
</TABLE>
Page 12 of 12
<PAGE> 1
FIRST RESERVE CORPORATION
March 4, 1998
EVI, Inc.
5 Post Oak Park, Suite 1760
Houston, TX 77027
Attention: Bernard J. Duroc-Danner
President and Chief Executive Officer
Reference is made to the Agreement and Plan of Merger between
Weatherford Enterra, Inc. ("Weatherford") and EVI, Inc. ("EVI") dated March 4,
1998 (the "Agreement"), which provides for the merger of Weatherford with and
into EVI (the "Merger"). As an inducement to, and in consideration of, EVI's
entering into the Agreement, the undersigned covenants and agrees as follows:
(i) At any meeting of the stockholders of Weatherford at which the
adoption of the Agreement is to be voted upon, the undersigned
will vote any voting securities of Weatherford over which the
undersigned has voting authority in favor of adoption of the
Agreement unless the Board of Directors of Weatherford is
recommending, at the time of such meeting, that the
stockholders of Weatherford vote against such adoption in view
of the pendency of a superior proposal as provided in Section
8.2(b) of the Agreement.
(ii) The undersigned will not directly or indirectly (a) solicit,
initiate or encourage the submission of any takeover proposal
(as defined in the Agreement) with respect to Weatherford, (b)
enter into any agreement with respect to a takeover proposal
with respect to Weatherford or (c) participate in any
discussion or negotiation regarding, or furnish to any person
any information with respect to, the making of any proposal
that constitutes, or may reasonably be expected to lead to,
any takeover proposal with respect to Weatherford; provided
that the foregoing clause (c) shall not prohibit any affiliate
of the undersigned who serves as a director of Weatherford
from acting (subject to Section 8.2 of the Agreement) solely
in his capacity as a director of Weatherford.
(iii) The undersigned will not sell, contract to sell or otherwise
transfer or dispose of any voting securities of Weatherford
over which the undersigned has dispositive power; provided,
however, First Reserve Secured Energy Assets Fund, L.P. may
sell or distribute its voting securities of Weatherford in
connection with the liquidation of such fund as long as the
undersigned provides EVI with evidence satisfactory to EVI
that such sale or distribution would not adversely affect the
Merger from being accounted for as a pooling of interests.
<PAGE> 2
EVI, Inc.
March 4, 1998
Page 2
(iv) The undersigned agrees that upon consummation of the Merger,
all stockholder agreements with Weatherford, including the
Agreement dated as of June 23, 1995, as amended, among
Weatherford International Incorporated and American Gas & Oil
Investors, L.P., AMGO II, L.P., AMGO III, L.P., First Reserve
Secured Energy Assets Fund, L.P., First Reserve Fund V, L.P.,
First Reserve Fund V-2, L.P., First Reserve Fund VI, L.P.,
First Reserve Corporation, William E. Macaulay and John A.
Hill, shall be terminated and the undersigned shall have no
further rights thereunder.
(v) The undersigned agree to sign the affiliate letter in the form
attached hereto.
Very truly yours,
FIRST RESERVE CORPORATION
By:
---------------------------------------
William E. Macaulay
President and
Chief Executive Officer
FIRST RESERVE FUNDS:
AMERICAN GAS & OIL INVESTORS, L.P.
By: FIRST RESERVE CORPORATION,
its Managing General Partner
By:
------------------------------
William E. Macaulay
President and Chief
Executive Officer
First Reserve Corporation
<PAGE> 3
EVI, Inc.
March 4, 1998
Page 3
AMGO II, L.P.
By: FIRST RESERVE CORPORATION,
its Managing General Partner
By:
------------------------------
William E. Macaulay
President and Chief
Executive Officer
First Reserve Corporation
FIRST RESERVE SECURED ENERGY
ASSETS FUND, L.P.
By: FIRST RESERVE CORPORATION,
its Managing General Partner
By:
------------------------------
William E. Macaulay
President and Chief
Executive Officer
First Reserve Corporation
FIRST RESERVE FUND V, L.P.
By: FIRST RESERVE CORPORATION,
its Managing General Partner
By:
------------------------------
William E. Macaulay
President and Chief
Executive Officer
First Reserve Corporation
FIRST RESERVE FUND V-2, L.P.
By: FIRST RESERVE CORPORATION,
its Managing General Partner
By:
------------------------------
William E. Macaulay
President and Chief
Executive Officer
First Reserve Corporation
<PAGE> 4
EVI, Inc.
March 4, 1998
Page 4
FIRST RESERVE FUND VI, L.P.
By: FIRST RESERVE CORPORATION,
its Managing General Partner
By:
------------------------------
William E. Macaulay
President and Chief
Executive Officer
First Reserve Corporation
------------------------------------------
William E. Macaulay
------------------------------------------
John A. Hill
<PAGE> 5
EVI, Inc.
March 4, 1998
Page 5
AGREED AND CONFIRMED:
EVI, INC.
By:
----------------------------------------
Bernard J. Duroc-Danner
President and Chief
Executive Officer
