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U. S. Securities and
Exchange Commission
Washington, D. C.
20549
FORM 4
STATEMENT OF CHANGES IN
BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange
Act of 1934, Section 17(a) of the Public Utility Holding
Company Act of 1935 or Section 30(f) of the Investment Company
Act of 1940.
1. Name and Address of Designated Filer
Southwest Royalties, Inc. 407 N. Big Spring
Street Midland, TX 79701
2. Issuer Name and Ticker or Trading Symbol
Southwest Royalties Institutional Income Fund
VII-B, L.P.
3. IRS or Social Security Number of Designated Filer
75-1917432
4. Statement for Month/Year
August 2000
5. If Amendment, Date of Original
N/A
6. Relationship of Designated Filer to Issuer
Southwest Royalties, Inc. as Managing General
Partner, of the issuer.
7. Individual or Joint/Group Filing
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
TABLE I
1. Title of Security
Limited partnership interest
Units
Date Code Units Acquired Price Owned
Ownership Nature
---- ---- ----- -------- ----- ----- -------
-- ------
08-25-00 P 50.00 A $120.04 2,559.50 I
*
08-01-00 P 100.00 A $123.86 2,659.50 I
*
08-18-00 P 18.00 A $123.86 2,677.50 I
*
08-08-00 P 4.00 A $120.04 2,681.50 I
*
08-11-00 P 4.00 A $123.86 2,685.50 I
*
08-29-00 P 10.00 A $123.86 2,695.50 I
*
08-04-00 P 4.00 A $123.86 2,699.50 I
*
08-11-00 P 9.00 A $123.86 2,708.50 I
*
08-22-00 P 8.00 A $120.04 2,716.50 I
*
08-29-00 P 36.00 A $123.86 2,752.50 I
*
08-11-00 P 6.00 A $123.86 2,758.50 I
*
08-11-00 P 4.00 A $123.86 2,762.50 I
*
08-11-00 P 5.00 A $120.04 2,767.50 I
*
08-11-00 P 10.00 A $123.86 2,777.50 I
*
08-11-00 P 18.00 A $123.86 2,795.50 I
*
* Southwest Royalties, Inc. as Managing General Partner, of
the issuer.
<PAGE>
SIGNATURES
By: /s/ Bill E. Coggin By: /s/ H.H. Wommack,
III
---------------------------------- ------------------
------------
------
Signed on behalf of Southwest H.H. Wommack, III,
President,
Royalties, Inc. the Managing CEO, Treasurer and
Director of
General Partner of the issuer Southwest
Royalties, Inc. the
by Bill E. Coggin, Vice President Managing General
Partner
and CFO
Date: September 7, 2000 Date: September 7, 2000
By: /s/ Bill E. Coggin By: /s/ H. Allen Corey
---------------------------------- ------------------------------
------
Bill E. Coggin, Vice-President H. Allen Corey, Secretary and
and CFO of Southwest Royalties, Inc.
Director of
Southwest Royalties,
the Managing General Partner Inc. the Managing General
Partner
Date: September 7, 2000 Date: September 7, 2000
By: /s/ Paul L. Morris By: /s/ Jon P. Tate
---------------------------------- ------------------------------
------
Paul L. Morris, Director of Jon P. Tate, Vice-President of
Southwest Royalties, Inc. the Land and Assistant Secretary
of
Managing General Partner Southwest Royalties, Inc. the
Managing General Partner
Date: September 7, 2000 Date: September 7, 2000
By: /s/ R. Douglas Keathley By: /s/ J Steven Person
---------------------- -----------------------
R. Douglas Keathley, Vice-President J Steven Person,Vice-President of
of Operations of Southwest Royalties Marketing of Southwest Royalties,
Inc. the Managing General Partner Inc. the Managing General
Partner
Date: September 7, 2000 September 7, 2000
<PAGE>
ATTACHMENT
Designated Filer:
Southwest Royalties, Inc.
Issuer Name and Ticker or Trading Symbol:
Southwest Royalties Institutional Income Fund VII-B, L.P.
Statement for Month/Year
August 2000
Reporting Persons of Group Filing: ---------------
-------------------
Name of Reporting Person Street Address
Social Security Number City, State and
Zip Code
------------------------ ---------------
------------
Wommack, H. H. III 407 N. Big
Spring Street
###-##-#### Midland, TX
79701
President, CEO, Treasurer and Director of Southwest
Royalties, Inc. the Managing General Partner.
Bill E. Coggin 407 N. Big Spring Street
###-##-#### Midland, TX 79701
Vice-President and Chief Financial Officer of Southwest
Royalties, Inc. the Managing General Partner.
Corey, H. Allen 633 Chestnut Street
###-##-#### Chattanooga, TN 37450-1800
Secretary and Director of Southwest Royalties, Inc. the
Managing General Partner.
Paul L. Morris #7 Saddle Club Drive
###-##-#### Midland, TX 79705
Director of Southwest Royalties, Inc. the Managing General
Partner.
Tate, Jon P. 407 N. Big Spring Street
###-##-#### Midland, TX 79701
Vice-President, Land and Assistant Secretary of Southwest
Royalties, Inc. the Managing General Partner.
Keathley, R. Douglas 407 N. Big Spring Street
###-##-#### Midland, TX 79701
Vice-President of Operations of Southwest Royalties, Inc.
the Managing General Partner.
Person, J Steven 407 N. Big Spring Street
###-##-#### Midland, TX 79701
Vice-President of Marketing of Southwest Royalties, Inc.
the Managing General Partner.
<PAGE>