<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
Texoil, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
882906 20 9
-----------------------------------------
(CUSIP Number)
Paul E. McCollam
c/o Resource Investors Management Company
600 Travis, Suite 6875
Houston, Texas 77002
(713) 229-8800
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
November 19, 1997
---------------------------------------------------------
(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 Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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
CUSIP NO. 882906 20 9 Page 2 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Resource Investors Management Company Limited Partnership 06-1148341
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 4,750,000
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,750,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 3
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 3 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Associates, Inc. 06-1144208
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Connecticut
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 4,750,000
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,750,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 4
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 4 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Partners, L.P. 06-1208375
- --------------------------------------------------------------------------------
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
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 1,330,000
PERSON
WITH -------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,330,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,330,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 5
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 5 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Partners, L.P. II 06-1264592
- --------------------------------------------------------------------------------
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
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 1,330,000
PERSON
WITH -------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,330,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,330,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.5%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 6
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 6 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Partners, L.P. III 06-1291935
- --------------------------------------------------------------------------------
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
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 570,000
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
570,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
570,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11.1%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 7
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 7 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RIMCO Partners, L.P. IV 06-1327489
- --------------------------------------------------------------------------------
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
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 1,520,000
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
1,520,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,520,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
24.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 8
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 8 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Roy V. Hood
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS (See Instructions)
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 4,750,000
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,750,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 9
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 9 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul E. McCollam
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 4,750,000
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,750,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 10
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 10 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Stephen F. Oakes
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 4,750,000
REPORTING -------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,750,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 11
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 11 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David R. Whitney
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
0
NUMBER OF -------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
EACH 4,750,000
REPORTING
PERSON -------------------------------------------------
WITH 9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,750,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 12
SCHEDULE 13D
CUSIP NO. 882906 20 9 Page 12 of 21 Pages
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
John B. Parsons
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [x]
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
AF
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES -------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
EACH
REPORTING 4,750,000
PERSON
WITH -------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
-------------------------------------------------
10 SHARED DISPOSITIVE POWER
4,750,000
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,750,000 shares
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[ ]
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
50.9%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON (See Instructions)
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
INCLUDED BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND SIGNATURE ATTESTATION.
<PAGE> 13
Page 13 of 21 Pages
This Amendment No. 2 on Schedule 13D/A ("Amendment No. 2") to the
Statement on Schedule 13D (as amended by Amendment No. 1 on Schedule 13D/A)
("Schedule 13D") is filed on behalf of each of RIMCO Partners, L.P., RIMCO
Partners, L.P. II, RIMCO Partners, L.P. III, RIMCO Partners, L.P. IV, Resource
Investors Management Company Limited Partnership, RIMCO Associates, Inc., Roy
V. Hood, Paul E. McCollam, Stephen F. Oakes, David R. Whitney and John B.
Parsons (the "Reporting Persons").
This Amendment No. 2 is filed to reflect the funding and acquisition
of an additional amount of 10% senior secured exchangeable general obligation
notes of Texoil Company ("Subsidiary"), a wholly owned subsidiary of Texoil,
Inc. (the "Company"). The Exchangeable Notes (as defined below) are
exchangeable for common stock of the Company, par value $.01 per share (the
"Common Stock"), as described below. See the summary in Item 3 below for the
number of shares of Common Stock deemed to be beneficially owned by the
Reporting Persons upon full funding of the Exchangeable Notes.
Unless otherwise indicated, each capitalized term used but not
otherwise defined herein shall have the meaning assigned to such term in the
Schedule 13D.
Item 1. Security and Issuer: No change to this Item.
Item 2. Identity and Background: No change to this Item.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is hereby deleted in its entirety and replaced with the following:
RIMCO I, RIMCO II, RIMCO III and RIMCO IV (the "Limited Partnerships")
entered into an agreement on September 6, 1996, to acquire up to $3,000,000 of
10% Senior Secured Exchangeable General Obligation Notes (the "Tranche A
Exchangeable Notes"), in addition to up to $5,000,000 of Senior Secured General
Obligation Notes, which are not exchangeable (the "Senior Notes"). The Tranche
A Exchangeable Notes have been fully funded and, pursuant to the Amended and
Restated Guaranty and Exchange Agreement dated as of May 21, 1997 (the
"Restated Exchange Agreement"), each of the Limited Partnerships has the right
to exchange the outstanding principal balance of its Tranche A Exchangeable
Note at an exchange price of $0.80 per share, subject to adjustment, for shares
of Common Stock of the Company.
Pursuant to the Amended and Restated Note Purchase Agreement entered
into as of May 21, 1997 (the "Restated Note Purchase Agreement"), among the
Limited Partnerships, the Company and Subsidiary, the Limited Partnerships
agreed, subject to the satisfaction of certain conditions, to purchase up to an
additional aggregate principal amount of $1,500,000 of 10% Senior Secured
Exchangeable General Obligation Notes (the "Tranche C Exchangeable Notes"), in
addition to the Tranche A Exchangeable Notes (collectively, with the Tranche C
Exchangeable Notes, the "Exchangeable Notes"). The Tranche A and Tranche C
Exchangeable Notes have been fully funded, and, pursuant to the Restated
Exchange Agreement, assuming the exchange of the such Tranche A Exchangeable
Notes and Tranche C Exchangeable Notes at an exchange price of $.80 and $1.50
per share (subject to adjustment), respectively, the Limited Partnerships have
the right to receive the number of shares set forth below:
<TABLE>
<CAPTION>
Tranche A Note Tranche C Note Total Shares Received
Purchaser Purchase Amount Purchase Amount or to be Received
--------- --------------- --------------- ---------------------
<S> <C> <C> <C>
RIMCO I $ 840,000 $ 420,000 1,330,000
RIMCO II 840,000 420,000 1,330,000
RIMCO III 360,000 180,000 570,000
RIMCO IV 960,000 480,000 1,520,000
---------- ---------- ---------
Total $3,000,000 $1,500,000 4,750,000
</TABLE>
<PAGE> 14
Page 14 of 21 Pages
The funds for the purchase of the Exchangeable Notes were provided out
of the working capital of the Limited Partnerships.
Item 4. Purpose of Transaction:
Item 4 is hereby deleted in its entirety and replaced with the following:
The Exchangeable Notes were acquired for purposes of investment for
the accounts of the respective Limited Partnerships and have been fully funded.
The outstanding principal amounts of the Exchangeable Notes are exchangeable at
any time prior to the close of business on September 1, 1999. Based on an
ongoing evaluation of the business, prospects and financial condition of the
Company, the market for and price of the Common Stock, other investment
opportunities available to the Reporting Persons, offers to purchase shares of
Common Stock, general economic conditions and other future developments, the
Reporting Persons may decide to exchange the Exchangeable Notes, or sell or
seek the sale of all or part of the Exchangeable Notes or the beneficial
holdings of the Common Stock held by the respective Limited Partnerships.
The Company, the Subsidiary and the Limited Partnerships are parties
to the Restated Note Purchase Agreement. Resource Investors Management Company
("RIMCO") is the controlling general partner of the Limited Partnerships.
Under the Restated Note Purchase Agreement, the Limited Partnerships have
agreed to provide up to $9,500,000 in three separate financings, the Tranche A
Exchangeable Notes, the Senior Notes and the Tranche C Exchangeable Notes.
In connection with initial financing on September 6, 1996, the
Company's Board of Directors expanded the number of directors to seven and
elected Gary Milavec, a Vice President of RIMCO Associates, Inc. ("Associates,"
RIMCO's general partner), to fill the vacancy created thereby. Mr. Milavec
became the Secretary of the Company in October 1996. Immediately following any
date on which the aggregate outstanding principal of the Tranche A Exchangeable
Notes and the Senior Notes shall exceed $5,000,000, the Company has agreed to
use its best efforts, subject to applicable law, to increase the size of its
Board of Directors by one additional director and to cause the election of an
additional designee of RIMCO to serve as director to fill the resulting vacancy
on the Company's Board. As long as the aggregate principal amount of the
Tranche A Exchangeable Notes and the Senior Notes outstanding shall exceed
$2,500,000, RIMCO shall be entitled to have a total of two directors serve on
the Company's Board of Directors. So long as the Limited Partnerships own an
aggregate of 5% or more of the Company's common stock (or any securities
exchanged therefor or distributed, issued or issuable with respect thereto),
RIMCO is entitled to designate one person for election to the Board of
Directors of the Company.
The first financing under the RIMCO Agreement is the Tranche A
Exchangeable Notes. The proceeds from this financing are being used primarily
to fund leasehold, drilling and completion costs for Subsidiary's Raceland and
Greens Lake Prospects in Lafourche Parish, Louisiana and Galveston County,
Texas, respectively, on which 3-D seismic data acquisition is complete. The
second financing is in the form of the Senior Notes to be issued by Subsidiary
in the maximum amount of $5,000,000. The Company intends that proceeds from
the second financing be used primarily to fund future leasehold, drilling and
completion costs for the Laurel Grove Prospects in Lafourche Parish, Louisiana,
subsequent wells in the Raceland and Greens Lake Prospects, and upfront land
and other costs associated with new 3-D seismic projects. The Restated Note
Purchase Agreement also provides for a third financing of up to $1,500,000
through the issuance of the Tranche C Exchangeable Notes, in addition to the
financing provided by the Tranche A Exchangeable Notes and the Senior Notes.
The obligation of the Limited Partnerships to make advances under the Tranche C
Exchangeable Notes and the issuance of the Tranche C Exchangeable Notes was
conditioned upon the full funding of the Tranche A Exchangeable Notes, which
has occurred.
<PAGE> 15
Page 15 of 21 Pages
Under the terms of the Restated Exchange Agreement, indebtedness
outstanding under the Tranche A Exchangeable Notes is exchangeable, in whole or
in part, for Common Stock of the Company at an initial per share price equal to
$0.80, subject to anti-dilution adjustments. Subsidiary can require the
Limited Partnerships to make such an exchange if they have funded at least
$2,800,000 under the Tranche A Exchangeable Notes and the average trading price
of the Common stock for any consecutive 20-day trading period is $3.00 or more.
Indebtedness outstanding under the Tranche C Exchangeable Notes is
exchangeable, in whole or in part, for Common Stock of the Company at an
initial per share price equal to $1.50, subject to anti-dilution adjustments.
Subsidiary can require the Limited Partnerships to make such an exchange if
they have funded at least $1,350,000 under the Tranche C Exchangeable Notes and
the average trading price of the Common Stock for any consecutive 20-day
trading period is $3.00 or more. As of November 19, 1997, the Tranche A
Exchangeable Notes and the Tranche C Exchangeable Notes were fully funded and
are presently exchangeable by the Limited Partnerships for 3,750,000 shares
and 1,000,000 shares, respectively, of Common Stock of the Company.
After $3,000,000 in principal was advanced under the Tranche A
Exchangeable Notes, Subsidiary may now borrow under the Senior Notes until
September 1, 1999. The Senior Notes will mature September 1, 2002. There is
no conversion or exchange feature under the Senior Notes.
In addition to the matters described in this Item 4, as of the date
hereof, the reporting persons are aware of certain plans or proposals that
relate to or would result in certain of the actions listed in subparagraphs
(a) - (j) of the instructions to Item 4 of Schedule 13D with respect to the
Company as the issuer. As previously reported by the Company, on November 14,
1997, the Company entered into a letter of intent with Cliffwood Oil & Gas
Corp., a Texas corporation ("Cliffwood"), whereby a newly formed subsidiary of
the Company would merge into Cliffwood with Cliffwood as the surviving entity
(the "Merger"). As consideration for the Merger, the stockholders of Cliffwood
would receive 6.74 shares of Common Stock for each share of currently
outstanding Cliffwood Class A or Class B common stock. In connection with the
Merger, $4,500,000 aggregate principal amount of Exchangeable Notes would be
exchanged for 4,750,000 shares of Common Stock. Following the Merger, Cliffwood
stockholders would control approximately 70% of the outstanding voting power of
the Company. The consummation of the Merger is subject to a number of
conditions, including the purchase by RIMCO or its affiliates of at least
$10,000,000 aggregate principal amount of subordinated notes of the Company to
be convertible into Common Stock, on terms mutually agreeable to the Company,
Cliffwood and RIMCO.
The Exchangeable Notes mature on September 1, 1999.
Item 5. Interest in Securities of the Issuer:
Item 5 is hereby deleted in its entirety and replaced with the following:
(a) - (b)
<TABLE>
<CAPTION>
Number of
Shares Shared Shared Sole Sole
Beneficially Voting Investment Voting Investment
Name Owned* Power* Power* Power* Power* Percent*
---------- ------------ --------- ---------- ------ ---------- --------
<S> <C> <C> <C> <C> <C> <C>
Associates 4,750,000 4,750,000 4,750,000 0 0 50.9
RIMCO 4,750,000 4,750,000 4,750,000 0 0 50.9
RIMCO I 1,330,000 1,330,000 1,330,000 0 0 22.5
RIMCO II 1,330,000 1,330,000 1,330,000 0 0 22.5
RIMCO III 570,000 570,000 570,000 0 0 11.1
RIMCO IV 1,520,000 1,520,000 1,520,000 0 0 24.9
</TABLE>
<PAGE> 16
Page 16 of 21 Pages
<TABLE>
<CAPTION>
Number of
Shares Shared Shared Sole Sole
Beneficially Voting Investment Voting Investment
Name Owned* Power* Power* Power* Power* Percent*
---------- ------------ --------- ----------- ------ ---------- --------
<S> <C> <C> <C> <C> <C> <C>
Roy V. Hood 4,750,000 4,750,000 4,750,000 0 0 50.9
Paul E. McCollam 4,750,000 4,750,000 4,750,000 0 0 50.9
David R. Whitney 4,750,000 4,750,000 4,750,000 0 0 50.9
John B. Parsons 4,750,000 4,750,000 4,750,000 0 0 50.9
Stephen F. Oakes 4,750,000 4,750,000 4,750,000 0 0 50.9
</TABLE>
- ----------------
* Giving effect to the full funding of the Tranche A Exchangeable Notes and
the Tranche C Exchangeable Notes and assuming the exchange of such
Exchangeable Notes for shares of Common Stock at an exchange price of $.80
and $1.50 per share, respectively.
(c) No transactions by any of the reporting persons other than
those transactions identified in Item 3 have taken place in the last 60 days.
(d) - (e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
to Securities of the Issuer
RIMCO is the managing general partner of RIMCO I, RIMCO II, RIMCO III
and RIMCO IV. RIMCO has a 1.00% interest (on a profit basis) in the portfolio
securities held by RIMCO I, RIMCO II, RIMCO III and RIMCO IV, each of which is
a Delaware limited partnership engaged in the business of making investments in
the energy sector of the natural resource industry.
Associates is the managing general partner of RIMCO, the managing
general partner of RIMCO I, RIMCO II, RIMCO III and RIMCO IV. Associates has a
55% interest (on a profit basis) in RIMCO, which, as indicated above, has a
1.00% interest (on a profit basis) in the portfolio securities held by RIMCO I,
RIMCO II, RIMCO III and RIMCO IV. RIMCO I is the record owner of Exchangeable
Notes exchangeable for 1,330,000 shares of Common Stock, or 22.5% of the
outstanding Common Stock of the Company. RIMCO II is the record owner of
Exchangeable Notes exchangeable for 1,330,000 shares of Common Stock, or 22.5%
of the outstanding Common Stock of the Company. RIMCO III is the record owner
of Exchangeable Notes exchangeable for 570,000 shares of Common Stock, or 11.1%
of the outstanding Common Stock of the Company. RIMCO IV is the record owner
of Exchangeable Notes exchangeable for 1,520,000 shares of Common Stock, or
24.9% of the outstanding Common Stock of the Company.
Roy V. Hood, Paul E. McCollam, David R. Whitney and Stephen F. Oakes
are managing directors of RIMCO. Mr. Hood is a shareholder and President and a
director of Associates. Mr. McCollam is a shareholder and Vice President,
Secretary and Treasurer and a director of Associates. Mr. Whitney is
shareholder and a Vice President and a director of Associates. Mr. Parsons is
a shareholder and a director of Associates.
Under a Stock Ownership and Registration Rights Agreement dated as of
September 6, 1997, as amended as of May 21, 1997, the Company has granted the
Limited Partnerships certain demand and "piggy back" registration rights to
register under the Securities Act of 1933 any offer of Common Stock held by the
Limited Partnerships, as well as securities (if any) issued with respect
thereto, including the shares of Common Stock issuable upon exchange of the
Exchangeable Notes. The Stock Ownership and Registration Rights Agreement
provides for indemnification of the Limited Partnerships by the Company and
indemnification of the Company by the Limited Partnerships under certain
circumstances related to such registration rights.
<PAGE> 17
Page 17 of 21 Pages
The exchange price and number of shares of Common Stock issuable upon
exchange of the Exchangeable Notes are subject to adjustment upon certain
events such as a reverse stock split or reclassification, merger of the Company
or issuances of Common Stock at a price less than the exchange price.
See Item 4 for a description of the Restated Note Purchase Agreement,
the Restated Exchange Agreement and the proposed Merger.
Item 7. Material to be Filed as Exhibits
A. Agreement for Joint Filing on Behalf of Each Reporting Person.
B. Amended and Restated Note Purchase Agreement among the Company,
the Subsidiary and the Limited Partnerships (filed as Exhibit
10.1 to the Company's Form 8-K filed July 3, 1997 (Commission
File No. 0-12633) and incorporated herein by reference).
C. Form of Tranche A Exchangeable Note (filed as Exhibit B to the
Schedule 13D filed September 19, 1996, and incorporated herein
by reference).
D. Form of Tranche C Exchangeable Note (filed as Exhibit 10.2 to
the Company's Form 8-K filed July 3, 1997 (Commission File No.
0-12633) and incorporated herein by reference).
E. Amended and Restated Guaranty and Exchange Agreement (filed as
Exhibit 10.3 to the Company's Form 8-K filed July 3, 1997
(Commission File No. 0-12633) and incorporated herein by
reference).
F. Stock Ownership and Registration Rights Agreement among the
Company, the Subsidiary and the Limited Partnerships (filed as
Exhibit D to the Schedule 13D filed September 19, 1996, and
incorporated herein by reference).
G. First Amendment to Stock Ownership and Registration Rights
Agreement among the Company, the Subsidiary and the Limited
Partnerships (filed as Exhibit 10.5 to the Company's Form 8-K
filed July 3, 1997 (Commission File No. 0-12633) and
incorporated herein by reference).
H. Powers of Attorney (filed as Exhibit E to the Schedule 13D filed
September 19, 1996, and incorporated herein by reference).
<PAGE> 18
Page 18 of 21 Pages
SIGNATURES
After reasonable inquiry and to the best of the knowledge and belief
of each of the following reporting persons, each reporting person certifies
that the information set forth in this statement is true, complete and correct.
Date: December 4, 1997
Signature: Resource Investors Management Company Limited Partnership
By: RIMCO Associates, Inc.,
Its General Partner
By: Roy V. Hood *
-------------------------------------------------
Name: Roy V. Hood
Title: President
Date: December 4, 1997
Signature: RIMCO Associates, Inc.
By: Roy V. Hood *
-------------------------------------------------
Name: Roy V. Hood
Title: President
Date: December 4, 1997
Signature: RIMCO Partners, L.P.
By: Resource Investors Management Company
Limited Partnership,
Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
By: Roy V. Hood *
-------------------------------------------------
Name: Roy V. Hood
Title: President
Date: December 4, 1997
Signature: RIMCO Partners, L.P. II
By: Resource Investors Management Company
Limited Partnership,
Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
By: Roy V. Hood *
-------------------------------------------------
Name: Roy V. Hood
Title: President
<PAGE> 19
Page 19 of 21 Pages
Date: December 4, 1997
Signature: RIMCO Partners, L.P. III
By: Resource Investors Management Company
Limited Partnership,
Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
By: Roy V. Hood *
-------------------------------------------------
Name: Roy V. Hood
Title: President
Date: December 4, 1997
Signature: RIMCO Partners, L.P. IV
By: Resource Investors Management Company
Limited Partnership,
Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
By: Roy V. Hood *
-------------------------------------------------
Name: Roy V. Hood
Title: President
Date: December 4, 1997
Signature: Roy V. Hood *
-------------------------------------------------
Roy V. Hood
Date: December 4, 1997
Signature: Paul E. McCollam *
-------------------------------------------------
Paul E. McCollam
Date: December 4, 1997
Signature: /s/ David R. Whitney
-------------------------------------------------
David R. Whitney
Date: December 4, 1997
Signature: Stephen F. Oakes *
-------------------------------------------------
Stephen F. Oakes
Date: December 4, 1997
Signature: John B. Parsons *
-------------------------------------------------
John B. Parsons
By: *David R. Whitney
Attorney-in-Fact
<PAGE> 20
Page 20 of 21 Pages
EXHIBIT A
AGREEMENT
Pursuant to Rule 13d-1(f) under the Securities Exchange Act of 1934,
each of the undersigned hereby agrees to the filing of this Statement on
Schedule 13D/A on its behalf.
This agreement may be signed in one or more counterparts.
Resource Investors Management Company
Limited Partnership
By: RIMCO Associates, Inc.,
Its General Partner
Date: December 4, 1997 By: Roy V. Hood *
-----------------------------------------------
Name: Roy V. Hood
Title: President
RIMCO Associates, Inc.
Date: December 4, 1997 By: Roy V. Hood *
-----------------------------------------------
Name: Roy V. Hood
Title: President
RIMCO Partners, L.P.
By: Resource Investors Management Company
Limited Partnership,
Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
Date: December 4, 1997 By: Roy V. Hood *
-----------------------------------------------
Name: Roy V. Hood
Title: President
RIMCO Partners, L.P. II
By: Resource Investors Management Company
Limited Partnership,
Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
Date: December 4, 1997 By: Roy V. Hood *
-----------------------------------------------
Name: Roy V. Hood
Title: President
<PAGE> 21
Page 21 of 21 Pages
RIMCO Partners, L.P. II
By: Resource Investors Management Company
Limited Partnership,
Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
Date: December 4, 1997 By: Roy V. Hood *
-----------------------------------------------
Name: Roy V. Hood
Title: President
RIMCO Partners, L.P. IV
By: Resource Investors Management Company
Limited Partnership,
Its General Partner
By: RIMCO Associates, Inc.,
Its General Partner
Date: December 4, 1997 By: Roy V. Hood *
-----------------------------------------------
Name: Roy V. Hood
Title: President
Date: December 4, 1997 Roy V. Hood *
----------------------------------------------------
Roy V. Hood
Date: December 4, 1997 Paul E. McCollam *
----------------------------------------------------
Paul E. McCollam
Date: December 4, 1997 /s/ David R. Whitney
----------------------------------------------------
David R. Whitney
Date: December 4, 1997 Stephen F. Oakes *
----------------------------------------------------
Stephen F. Oakes
Date: December 4, 1997 John B. Parsons *
----------------------------------------------------
John B. Parsons
By: *David R. Whitney
Attorney-in-Fact
