FORM 10-K/A
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
[Mark One]
X ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934 [FEE REQUIRED]
For the fiscal year ended December 31, 1994
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934 [NO FEE
REQUIRED]
For the transition period from to
Commission file number 0-10526
ALEXANDER ENERGY CORPORATION
(Exact name of registrant as specified in its charter)
Oklahoma 73-1088777
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
701 Cedar Lake Boulevard 73114-7800
Oklahoma City, Oklahoma (Zip Code)
(Address of principal executive offices)
Registrant's telephone number, including area code: (405)478-8686
Securities registered pursuant to Section 12(b) of the Act:
Title of each class: Name of each exchange on
None which registered:
Not Applicable
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, $.03 par value
(Title of class)
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the
Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation 405 of Regulation S-K is not
contained herein, and will not be contained, to the best of
registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form
10-K or any amendment to this form 10-K.
The aggregate market value of the voting stock held by non-affiliates
of the registrant, computed by using the average closing bid and
asked prices of registrant's common stock as of
March 24, 1995, was $56,335,953.
The number of shares outstanding of registrant's Common Stock,
par value $.03, as of March 24, 1995 was 12,273,183.
The information required by Part III of this Annual Report on
form 10-K is incorporated by reference from Registrant's
definitive proxy statement to be filed pursuant to Regulation 14A
or the Registrant's 1995 Annual Meeting of Stockholders.
<PAGE>
PART I
Item 1. Business
No change.
Item 2. Properties
The subheading "Productive Wells and Acreage" is amended in
its entirety to read as follows:
The following table reflects the wells and acreage in which
the Company owned a working interest, directly or indirectly, as
of December 31, 1994. The table shows producing oil (including
casinghead natural gas) and natural gas wells, including shut-in
oil and natural gas wells capable of producing natural gas which
are (i) awaiting the construction or completion of natural gas
plants or gathering facilities, (ii) shut-in until sufficient
reserves of natural gas are established to justify construction
of such facilities or (iii) shut-in due to the absence of a
market. The table does not include 86 gross wells in that the
Company has a revenue interest other than as a working interest
owner. The Company additionally owns overriding royalty interest
or other revenue interests in approximately 225 of the gross
wells reflected below.
<TABLE>
<CAPTION>
Productive Wells Shut-In Wells
---------------- -------------
Oil Natural Gas Oil Natural Gas
---------------- --------------- ---------------- --------------
State Gross Net Gross Net Gross Net Gross Net
- ----- ----- --- ----- --- ----- --- ----- ---
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Arkansas --- --- 44 13.35 --- --- 2 1.74
Colorado 8 --- --- --- --- --- --- ---
Kansas 6 3.06 2 0.01 --- --- --- ---
Nebraska 3 0.01 --- --- --- --- --- ---
Oklahoma 266 109.00 370 93.65 26 14.96 27 9.08
Texas 22 8.49 29 13.82 1 0.53 1 ---
Wyoming 2 --- 5 --- --- --- --- ---
--- --- --- --- --- --- --- ---
Totals 307 120.57 450 120.83 27 15.49 30 10.82
<CAPTION>
Developed Acreage Undeveloped Acreage
------------------ -------------------
State Gross Net Gross Net
----- --- ----- ---
<S> <C> <C> <C> <C>
Arkansas 19,711 6,402 185 10
Colorado 440 --- --- ---
Kansas 798 223 --- ---
Nebraska 360 1 --- ---
Oklahoma 146,833 48,526 9,351 4,590
Texas 14,356 6,068 1,842 1,017
Wyoming 440 --- --- ---
------- ------ ------ -----
Totals 182,938 61,220 11,378 5,617
</TABLE>
Undeveloped acres are those on which wells have not been
drilled or completed to a point that would permit the production
of commercial quantities of oil and natural gas, regardless of
whether or not such acreage contains proved reserves. The amount
of acreage held by the Company increases or decreases in the
normal course of business as interest in new acreage are acquired
(including acreage by pooling), as interests are sold or con-
tributed to others, as wells are drilled, as properties are
abandoned (if determined not to warrant exploration or develop-
ment) or as leases expire. It is the Company's policy to
formulate drilling plans for the orderly development of
undeveloped acreage within the primary terms of the leases
involved.
Item 3. Legal Proceedings
No Change.
Item 4. Submission of Matters to a Vote of Security Holders
No Change.
PART II
Item 5. Market for Registrant's Common Equity and Related Stockholder
Matters
No Change.
Item 6. Selected Financial Date
No Change.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operations
No Change.
Item 8. Financial Statements and Supplemental Data
No Change.
Item 9. Changes in and Disagreements with Accountants on Accounting
and Financial Disclosure
No Change.
Item 10. Directors and Executive Officers of the Registrant
No Change.
Item 11. Executive Compensation
No Change.
Item 12. Security Ownership of Certain Beneficial Owners and
Management
No Change.
Item 13. Certain Relationship and Related Transactions
No Change.
Item 14. Exhibits, Financial Statement Schedules and Reports on
Form 8-K
No Change.
<PAGE>
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the
Securities Exchange Act of 1934, the registrant has duly caused
this report to be signed on behalf of the undersigned duly
authorized.
ALEXANDER ENERGY CORPORATION
By BOB ALEXANDER
Bob G. Alexander
President
July 31, 1995
Pursuant to the requirement of the Securities Exchange Act
of 1934, this report has been signed below by the following
persons on behalf of the Registrant and in the capacities and on
the dates indicated.
Signature Title Date
- --------- ----- ----
BOB ALEXANDER Chief Executive Officer and
Bob G. Alexander Director July 31, 1995
DAVID E. GROSE Chief Financial Officer,
David E. Grose Controller and Director July 31, 1995
JIM L. DAVID Officer and Director
Jim L. David July 31, 1995
ROGER G. ALEXANDER Officer and Director
Roger G. Alexander July 31, 1995
LARRY L. TERRY Officer
Larry L. Terry July 31, 1995
BRIAN F. EGOLF Director
Brian F. Egolf July 31, 1995
ROBERT A. WEST Director
Robert A. West July 31, 1995
