OEC COMPRESSION CORP
NT 10-Q, 1998-11-16
EQUIPMENT RENTAL & LEASING, NEC
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 12b-25

    NOTIFICATION OF LATE FILING COMMISSION FILE NUMBER: 0-18205

(Check One):

/ / Form 10-K and Form 10-KSB   / / Form 20-F   / / Form 11-K
/X/ Form 10-Q and Form 10-QSB   / / Form N-SAR


For Period ended:  September 30, 1998
                   ------------------

         / / Transition Report on Form 10-K and Form 10-KSB
         / / Transition Report on Form 20-F
         / / Transition Report on Form 11-K
         / / Transition Report on Form 10-Q and Form 10-QSB
         / / Transition Report on Form N-SAR

         For the Transition Period Ended:
                                          -----------------
- ------------------------------------------------------------------------------

       Read Attached Instruction Sheet Before Preparing Form.  
       Please Print or Type.

       NOTHING IN THIS FORM SHALL BE CONSTRUED TO IMPLY THAT THE COMMISSION HAS
       VERIFIED ANY INFORMATION CONTAINED HEREIN.
- -------------------------------------------------------------------------------

         If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:

- -------------------------------------------------------------------------------
PART I - REGISTRATION INFORMATION
- -------------------------------------------------------------------------------

         OEC COMPRESSION CORPORATION
         ---------------------------------------------------------------------
         Full Name of Registrant


         ---------------------------------------------------------------------
         Former Name, if applicable

         2501 Cedar Springs Road, Suite 600
         ---------------------------------------------------------------------
         Address of Principal Executive Office (Street and Number)

         Dallas, Texas 75201
         ---------------------------------------------------------------------
         City, State and Zip Code


- --------------------------------------------------------------------------------
PART II - RULES 12b-25 (b) AND (c)
- --------------------------------------------------------------------------------
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate.)

                (a)      The reasons described in reasonable detail in Part III
                         of this form could not be eliminated without
                         unreasonable effort or expense;

                (b)      The subject annual report, semi-annual report,
                         transition report on Form 10-K, 10-KSB, 20-F,
                         11-K or N-SAR, or portion thereof will be filed on or
      /X/                before the 15th calendar day following the prescribed
                         due date; or the subject quarterly report or transition
                         report on Form 10-Q, 10-QSB, or portion thereof will be
                         filed on or before the fifth calendar day following the
                         prescribed due date; and

                (c)      The accountant's statement or other exhibit required by
                         Rule 12b-25(c) has been attached if applicable.
- --------------------------------------------------------------------------------
PART III - NARRATIVE
- --------------------------------------------------------------------------------

State below in reasonable detail the reasons why the Form 10-K, 10-KSB, 20-F,
11-K, 10-Q, 10-QSB, N-SAR or the transition report or portion thereof could not
be filed within the prescribed period. (Attach extra sheets if needed)
OEC Compression Corporation requests an extension of the September 30, 1998
filing of Form 10-QSB due to a delay in the analysis of certain accounts
required to finalize the Company's financial statements.

<PAGE>

- --------------------------------------------------------------------------------
PART IV - OTHER INFORMATION
- --------------------------------------------------------------------------------

(1)      Name and telephone number of person to contact in regard to this
         notification.

         Kyle Longhofer
                                            713                  735-8556
                                         -----------       -----------------
         (Name)                          (Area Code)       (Telephone Number)

(2)      Have all other periodic reports required under Section 13 or 15(d) of
         the Securities Exchange Act of 1934 or Section 30 of the Investment
         Company Act of 1940 during the preceding 12 months or for such shorter
         period that the registrant was required to file such report(s) been
         filed: If the answer is no, identify report(s).
                                                          /X/ Yes    / / No

(3)      Is it anticipated that any significant change in results of operations
         from the corresponding period for the last fiscal year will be
         reflected by the earnings statements to be included in the subject
         report or portion thereof?
                                                          / / Yes    /X/ No

         If so: attach an explanation of the anticipated change, both
         narratively and quantitatively, and, if appropriate, state the reasons
         why a reasonable estimate of the results cannot be made.

- --------------------------------------------------------------------------------

         OEC COMPRESSION CORPORATION
         -----------------------------------------------------------------------
                  (Name of Registrant as Specified in Charter)

Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.


Date:  November 16, 1998                    By:  Jack D. Brannon
       -----------------------------             ---------------

INSTRUCTION: The form may be signed by an executive officer of the registrant 
or by any other duly authorized representative. The name and title of the 
person signing the form shall be typed or printed beneath the signature. If 
the statement is signed on behalf of the registrant by an authorized 
representative (other than an executive officer), evidence of the 
representative's authority to sign on behalf of the registrant shall be filed 
with the form.

- -------------------------------------------------------------------------------

                                    ATTENTION
       INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
- -------------------------------------------------------------------------------

                              GENERAL INSTRUCTIONS

1.       This form is required by Rule 12b-25 of the General Rules and
         Regulations under the Securities Exchange Act of 1934.

2.       One signed original and four conformed copies of this form and
         amendments thereto must be completed and filed with the Securities and
         Exchange Commission, Washington, D.C. 20549, in accordance with Rule
         0-3 of the General Rules and Regulations under the Act. The information
         contained in or filed with the form will be made a matter of the public
         record in the Commission files.

3.       A manually signed copy of the form and amendments thereto shall be
         filed with each national securities exchange on which any class of
         securities of the registrant is registered.

4.       Amendments to the notifications must also be filed on Form 12b-25 but
         need not restate information that has been correctly furnished. The
         form shall be clearly identified as an amended notification.

5.       ELECTRONIC FILERS. This form shall not be used by electronic filers
         unable to timely file a report solely due to electronic difficulties.
         Filers unable to submit a report within the time period prescribed due
         to difficulties in electronic filing should comply with either Rule 201
         or Rule 202 of Regulation S-T or apply for an adjustment in filing date
         pursuant to Rule 13(b) of Regulation S-T.



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