UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
CLX Energy, Inc.
(Name of Issuer)
$.01 par value common stock
Title of Class of Securities)
125649202
(CUSIP Number)
B. J. Reid
5631 E. 115th Street
Tulsa, Oklahoma 74137
(918) 496-2626
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
February 2, 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 which 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 [ ].
*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>
SCHEDULE 13D
CUSIP No. 125649202
1) Name of Reporting Person: B. J. Reid
I.R.S.Identification No. of Above Person:###-##-####
2) Check the Appropriate Box if a Member of a Group*
(a)
(b) X
(3) SEC Use Only
(4) Source of Funds (See Instructions) PF
(5) Check if Disclosure of Legal Proceedings is Required
Pursuant to Items 2(d) or 2(e)
(6) Citizenship or Place of Organization U.S.
Number of (7) Sole Voting Power 839,851
Shares Bene-
ficially (8) Shared Voting Power None
Owned by
Each Report- (9) Sole Dispositive Power 839,851
ing Person
With (10) Shared Dispositive Power None
(11) Aggregate Amount Beneficially Owned by Each Reporting
Person 839,851
(12) Check if the Aggregate Amount in Row (11) Excludes Certain
Shares X - the number of shares set forth in Row (11) does
not include, and B. J. Reid disclaims beneficial ownership
of, the shares of common stock held by the persons other
than B. J. Reid set forth in the table in Item 2 of this
statement.
(13) Percent of Class Represented by Amount in Row (11) 8.0%
(14) Type of Reporting Person IN
Item 1. Security and Issuer.
This statement relates to the $.01 par value common stock of
CLX Energy, Inc. The address of the principle executive offices
of CLX Energy, Inc. is 518 Seventeenth Street, Suite 745, Denver,
Colorado 80202.
Item 2. Identity and Background.
The name of the person filing this statement is B. J. Reid.
Mr. Reid's principal occupation is President, BRG Petroleum
Corporation, which is located at 7134 South Yale, Suite 600,
Tulsa, OK 74136 and engaged in the business of oil and gas
production. Mr. Reid is a U.S. citizen. Mr. Reid has not during
the last five years been convicted in a criminal proceeding or
been subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any
violation with respect to such laws.
B.J. Reid was part of a group of persons that acquired a
total of 5,773,973 shares of the common stock of CLX Energy, Inc.
on February 2, 1999. That group of persons owned approximately
55 percent of the outstanding shares of common stock of CLX
Energy, Inc. immediately after that acquisition based on
10,498,132 shares of common stock of CLX Energy, Inc. being
outstanding.
The group of persons has not entered into any agreements
concerning the control over the voting or disposition of the
common stock of CLX Energy, Inc. and currently does not have any
plans to enter into such agreements. B. J. Reid disclaims
beneficial ownership of the shares of CLX Energy, Inc. common
stock held by those other persons. The following table sets
forth the names of the persons to whom the shares of common stock
were issued in that transaction, the number of shares issued to
such persons, and the percentage of the outstanding shares of
common stock represented by such shares.
<TABLE>
Percentage of
Outstanding
Shares of
Number of Common
Name Shares Stock
_______ __________ ____________
<S> <C> <C>
James L. Burkhart Living
Trust dtd. 9-17-97 2,519,551 24.0%
BKM Family Limited
Partnership 839,851 8.0%
B.J. Reid 839,851 8.0%
D.M. Finsthwait, Trustee
of the Finsthwait 1973
Trust dtd. 2-25-73 524,907 5.0%
R. M. Sitton Investments, Ltd. 314,944 3.0%
Mike W. Burkhart 209,963 2.0%
Steven J. Williams 157,472 1.5%
Clyde F. & Cheryl W.
Wootton JTWROS 157,472 1.5%
Gee Family Trust dtd. 12-23-92 104,981 1.0%
James Keith Burkhart
Living Trust dtd. 11-25-98 104,981 1.0%
------------ ---------
TOTALS 5,773,973 55.0%
============ ==========
</TABLE>
Item 3. Source and Amount of Funds or Other Consideration.
B. J. Reid used $40,000 of his personal funds to acquire his
shares of CLX Energy, Inc. common stock. B.J. Reid and the other
persons listed in the table in Item 2 also agreed to loan to CLX
Energy Inc., or guaranty debt of CLX Energy Inc. for, up to
$300,000 for oil and gas acquisitions during the period
commencing on February 2, 1999 and ending on February 2, 2002.
Item 4. Purpose of Transaction.
CLX Energy, Inc. received a total of $275,000 cash for the
issuance of the 5,773,973 shares of common stock and the
acquirors of those shares listed in the table in Item 2 agreed to
loan to CLX Energy Inc., or guaranty debt of CLX Energy Inc. for,
up to $300,000 for oil and gas acquisitions during the period
commencing on February 2, 1999 and ending on February 2, 2002.
B. J. Reid does not himself have any plans, and does not
have any plans with any of the other persons listed in the table
in Item 2, which relate to or would result in the following:
a. The acquisition by any person of additional securities
of CLX Energy, Inc., or the disposition of securities
of CLX Energy, Inc.;
b. An extraordinary corporate transaction, such as a
merger, reorganization or liquidation, involving CLX
Energy, Inc.;
c. A sale or transfer of a material amount of assets of
CLX Energy, Inc.;
d. Any change in the present board of directors or
management of CLX Energy, Inc., including any plans or
proposals to change the number or term of directors or
to fill any existing vacancies on the board;
e. Any material change in the present capitalization or
dividend policy of CLX Energy, Inc.;
f. Any other material change in the business or corporate
structure of CLX Energy, Inc.;
g. Changes in the charter, bylaws of CLX Energy, Inc. or
instruments corresponding thereto or other actions
which may impede the acquisition of control of CLX
Energy, Inc. by any person;
h. Causing a class of securities of CLX Energy, Inc. to
cease to be authorized to be quoted in an inter-dealer
quotation system of a registered national securities
association;
i. Causing the common stock of CLX Energy, Inc. to become
eligible for termination of registration pursuant to
Section 12(g)(4) of the Securities Exchange Act; or
j. Any action similar to any of those enumerated above.
B. J. Reid did not engage in any transactions concerning the
securities of CLX Energy, Inc. during the prior 60 days.
Item 5. Interest in Securities of the Issuer.
B. J. Reid beneficially owns, and has the sole voting power
over, 839,851 shares of the common stock of CLX Energy, Inc.
representing 8.0% of the 10,498,132 shares of common stock of CLX
Energy, Inc. outstanding. The number of shares and the
percentage of the outstanding shares of common stock represented
by such shares owned by the other persons that participated with
B.J. Reid in acquiring 55% of the outstanding shares of CLX
Energy, Inc. is set forth in Item 2.
Item 6. Contract, Arrangements, Understandings or Relationships
With Respect to Securities of the Issuer.
On February 2, 1999, CLX Energy, Inc. and James L. Burkhart
Living Trust entered into a Stock Purchase Agreement concerning
the issuance of the 5,773, 973 shares of common stock. CLX
Energy, Inc. issued the 5,773,973 shares of common stock to James
L. Burkhart Living Trust and the other persons designated by the
trust set forth in the table in Item 2. CLX Energy, Inc.
received in exchange for the issuance of that common stock the
consideration set forth in Item 4.
James L. Burkhart Living Trust entered into a separate
Nomination and Ratification Agreement with each of the other
persons set forth in Item 2, including B. J. Reid, (referred to
as the "Nominating Person"). Each agreement provides the
following:
a. the Nominating Person engaged James L. Burkhart Living
Trust to act as the nominee for the Nominating Person
for the purchase of the Nominating Person's shares of
CLX Energy, Inc. common stock;
b. the Nominating Person agreed to pay to James L.
Burkhart Living Trust all amounts owed for the purchase
of the Nominating Person's shares of CLX Energy, Inc.
common stock; and
c. the Nominating Party agreed to assume and perform, to
the extent attributable to the Nominating Party's
shares of CLX Energy, Inc. common stock, the
obligations and agreements in the Stock Purchase
Agreement.
Item 7. Material to be Filed as Exhibits.
Exhibit 1 Stock Purchase Agreement between CLX Energy, Inc.
and James L. Burkhart, Trustee of the James L.
Burkhart Living Trust is incorporated herein by
reference from Exhibit 10.1 to the Form 8-K of CLX
Energy, Inc. (Commission File No. 0-9392) filed on
February 9, 1999.
Exhibit 2 Nomination and Ratification Agreement between
James L. Burkhart, Trustee of the James L.
Burkhart Living Trust and B.J. Reid.
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: February 11, 1999
/s/B.J. Reid
B. J. Reid
Exhibit 2
NOMINATION AND RATIFICATION AGREEMENT
This Agreement is made and entered into this 1st day of February,
1999, by and among James L. Burkhart, Trustee of the James L.
Burkhart Living Trust ("JLB"), and B.J. Reid("Purchaser").
RECITALS
A. As of the date hereof, JLB has entered into that
certain Stock Purchase Agreement (the "CLX Agreement") with CLX
Energy, Inc. ("CLX") for the purchase of CLX Common Stock.
B. Purchaser desires to purchase 839,851 shares (the "CLX
Shares") of the CLX Common Stock; and
C. For convenience, JLB has entered into the CLX Agreement
on behalf of, and as nominee for, Purchaser.
STATEMENT OF AGREEMENT
NOW, THEREFORE, for good and valuable consideration paid
by each party to the other, the parties hereto agree as follows:
1. Nomination of JLB. Purchaser hereby engages JLB to
act as Purchaser's nominee for the purchase of the CLX Shares
from CLX pursuant to the terms and conditions of the CLX
Agreement. On or before the closing of the CLX Agreement,
immediately upon request by JLB, Purchaser pay to JLB all amounts
owed, including expenses, with respect to the purchase of the CLX
Shares.
2. Ratification of CLX Agreement by Purchaser. Purchaser
agrees to be assume and perform, to the extent attributable to
the CLX Shares, all representations, warranties, obligations and
agreements (including, without limitation, any indemnification
obligations) contained in the CLX Agreement.
3. Indemnification of JLB by Purchaser. Purchaser
agrees to (a) be bound by all terms and conditions of the CLX
Agreement insofar as it relates to the CLX Shares and (b)
indemnify and hold JLB harmless from any and all obligations,
losses, liabilities, causes of action, costs and expenses
(including without limitation, attorneys' fees) arising out of or
resulting from (i) temporary ownership of title to the CLX Shares
by JLB, as nominee for Purchaser, (ii) the purchase of the CLX
Shares pursuant to the CLX Agreement and (iii) any and all
actions taken in good faith by JLB on behalf of Purchaser.
PURCHASER ACKNOWLEDGES THAT PURCHASER HAS READ THE CLX AGREEMENT
AND HAS AGREED TO PURCHASE THE CLX SHARES PURSUANT TO THE TERMS
OF SUCH AGREEMENT.
4. Notice. Any notice or communication permitted or
required by the provisions of this Agreement shall be in writing
and shall be deemed to have been made or given if delivered in
person, or (whether or not actually received, unless otherwise
herein specifically provided) if deposited in the United States
mails by registered mail or certified mail, return receipt
requested, with proper postage prepaid thereon, addressed as
follows:
If to JLB: James L. Burkhart, Trustee
If to Purchaser: B. J. Reid
5631 E. 115th Street
Tulsa, OK 74137
or to such other address as any party shall hereafter furnish to
the other party in writing.
5. Miscellaneous.
(a) This Agreement shall inure to the benefit of and be
binding upon the heirs, legatees, executors, administrators,
successors and assigns of the parties hereto.
(b) This Agreement constitutes the entire agreement among
the parties hereto as to the subject matter hereof superseding
all prior agreements among the parties pertaining to such subject
matter. This Agreement may not be modified except in a writing
subscribed to by each party.
(c) The provisions of this Agreement shall be construed
simply according to their fair meaning and not strictly for or
against any particular party.
IN WITNESS WHEREOF, the parties have executed this Agreement
as of the date set forth above.
JAMES L. BURKHART LIVING TRUST
By /s/James L. Burkhart Ttee
James L. Burkhart, Trustee
/s/B.J. Reid
B.J. Reid
