<PAGE> 1
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 18, 2000
KCS ENERGY, INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 22-2889587
- ------------------------------- -------------------
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
5555 San Felipe Road, Houston, TX 77056
- ---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(713) 877-8006
----------------------------------------------------
(Registrant's telephone number, including area code)
NOT APPLICABLE
----------------------------------------------------
(Former name, former address and former fiscal year,
if changed since last report.)
<PAGE> 2
Item 3. Bankruptcy or Receivership
On January 19, 2000, KCS Energy, Inc. issued a press release that
announced that on January 18, 2000 the Bankruptcy Court for the District of
Delaware had signed an order granting KCS Energy, Inc. and its subsidiaries
relief under Chapter 11 of the Bankruptcy Code. A copy of the press release is
attached hereto as Exhibit 99.
KCS Energy, Inc. and its subsidiaries continue to operate its
businesses as debtors in possession under Chapter 11 of the Bankruptcy Code.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
Exhibit 99
Press release dated January 19, 2000.
<PAGE> 3
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
KCS Energy, Inc.
January 31, 2000 /s/ Frederick Dwyer
-----------------------------------
Frederick Dwyer
Vice President, Controller
and Secretary
<PAGE> 4
EXHIBIT INDEX
Exhibit Description
------- -----------
99 Press release dated January 19, 2000.
<PAGE> 1
EXHIBIT 99
AT THE COMPANY AT THE FINANCIAL RELATIONS BOARD
James W. Christmas Marianne Stewart - General Info. (212) 661-8030
President and CEO Beth Lewis - Analyst Info. (617) 369-9240
(713) 877-8006 Claudine Cornelis - Media Info. (212) 661-8030
FOR IMMEDIATE RELEASE:
January 19, 2000
KCS ENERGY, INC. REPORTS BANKRUPTCY COURT HAS GRANTED RELIEF
UNDER CHAPTER 11 OF THE BANKRUPTCY CODE
HOUSTON, TX, JANUARY 19, 2000 - KCS Energy, Inc. (NYSE: KCS) said today that the
U.S. Bankruptcy Court in Wilmington, Del., has signed an order granting the
company and its subsidiaries relief under Chapter 11 of the Bankruptcy Code. The
Court has set February 25 for a hearing to review the required disclosure
statement and has also set a tentative date of April 6 for a confirmation
hearing. KCS is proceeding under Chapter 11 in connection with the company's
previously announced Restructuring Agreement which was approved by more than
two-thirds of the holders of the Company's 8.875% Senior Subordinated Notes due
January 15, 2008 and by more than a majority of its 11% Senior Notes due January
15, 2003.
KCS is an independent energy company engaged in the acquisition, exploration,
development and production of natural gas and crude oil with operations in the
Mid-Continent and Gulf Coast regions. The Company also purchases reserves
(priority rights to future delivery of oil and gas) through its Volumetric
Production Payments (VPP) program. For more information on KCS Energy, Inc.,
please visit the Company's web site at http://www.kcsenergy.com
To receive KCS' latest news and other corporate developments via fax at no cost,
please call 1-800-PRO-INFO. Use company code KCS. See also
http://www.frbinc.com.
This press release contains forward-looking statements that involve a number of
risks and uncertainties. Among the important factors that could cause actual
results to differ materially from those indicated by such forward-looking
statements are delays and difficulties in developing currently owned properties,
the failure of exploratory drilling to result in commercial wells, delays due to
the limited availability of drilling equipment and personnel, fluctuations in
oil and gas prices, general economic conditions and the risk factors detailed
from time to time in the Company's periodic reports and registration statements
filed with the Securities and Exchange Commission.
###
