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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 3 TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
OEC COMPRESSION CORPORATION
(formerly known as Equity Compression Services Corporation)
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(Name of Issuer)
Common Stock, $0.01 par value per share
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(Title of Class of Securities)
670827 10 4
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(CUSIP Number)
HACL, Ltd.
Energy Investors Joint Venture
2838 Woodside
Dallas, Texas 75201
(214) 891-7000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 12, 2000
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(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 /X/.
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CUSIP No. 670827 10 4 Page 2 of 6 Pages
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OEC COMPRESSION CORPORATION
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(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
HACL, Ltd.
I.D. No. 75-2679736
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (See (a) instructions) (b) /X/
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(3) SEC Use Only
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(4) Source of Funds* (See instructions)
WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
Not Applicable
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(6) Citizenship or Place of Organization:
Texas
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Number of Shares (7) Sole Voting Power
Beneficially Owned 11,623,636
by Each Reporting --------------------------------------------------
Person With: (8) Shared Voting Power
0
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(9) Sole Dispositive Power
11,623,636
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
11,623,636
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
Not Applicable
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(13) Percent of Class Represented by Amount in Row (11)
31.4%
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(14) Type of Reporting Person*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 670827 10 4 Page 3 of 6 Pages
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OEC COMPRESSION CORPORATION
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(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Energy Investors Joint Venture
I.D. No. 75-2679737
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (See (a) instructions) (b) /X/
-------------------------------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------------------------------
(4) Source of Funds* (See instructions)
WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
Not Applicable
-------------------------------------------------------------------------------
(6) Citizenship or Place of Organization:
Texas
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Number of Shares (7) Sole Voting Power
Beneficially Owned 4,136,364
by Each Reporting --------------------------------------------------
Person With: (8) Shared Voting Power
0
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(9) Sole Dispositive Power
4,136,364
--------------------------------------------------
(10) Shared Dispositive Power
0
-------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
4,136,364
-------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
Not Applicable
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(13) Percent of Class Represented by Amount in Row (11)
11.2%
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(14) Type of Reporting Person*
PN
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CUSIP No. 670827 10 4 Page 4 of 6 Pages
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OEC COMPRESSION CORPORATION
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(1) Name of Reporting Persons.
S.S. or I.R.S. Identification No. of Above Person
Jack D. Brannon
I.D. No.
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(2) Check the Appropriate Box if a Member (a) / /
of a Group* (See (a) instructions) (b) /X/
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(3) SEC Use Only
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(4) Source of Funds* (See instructions)
WC
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant to
Items 2(d) or 2(e)
Not Applicable
-------------------------------------------------------------------------------
(6) Citizenship or Place of Organization:
Texas
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Number of Shares (7) Sole Voting Power
Beneficially Owned 240,000
by Each Reporting --------------------------------------------------
Person With: (8) Shared Voting Power
0
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(9) Sole Dispositive Power
240,000
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(10) Shared Dispositive Power
0
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
240,000
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*
Not Applicable
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(13) Percent of Class Represented by Amount in Row (11)
Less than 1%
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(14) Type of Reporting Person*
PN
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*SEE INSTRUCTION BEFORE FILLING OUT!
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CUSIP No. 670827 10 4 Page 5 of 6 Pages
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OEC COMPRESSION CORPORATION
ITEM 1. SECURITY AND ISSUER
The Statement relates to Common Stock, par value $0.01 per share, of OEC
Compression Corporation (formerly known as Equity Compression Services
Corporation), an Oklahoma corporation (the "Company") held by HACL, Ltd., a
Texas limited partnership, Energy Investors Joint Venture, a Texas joint
venture and Jack D. Brannon.
ITEM 2. IDENTITY AND BACKGROUND
Add the following:
On June 12, 2000, Jack D. Brannon became a member of the group. Mr.
Brannon is the Chief Financial Officer of the Company. HACL, Ltd. has
previously assigned Mr. Brannon the right to 240,000 warrants. On June 12,
2000, HACL and Mr. Brannon exercised the warrants. HACL loaned on a
non-recourse basis to Mr. Brannon the funds to exercise his warrants, such
loan secured by a pledge of the OEC common stock purchased on the exercise of
the warrant.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Add the following:
On June 12, 2000, HACL and Jack D. Brannon exercised the warrant
previously issued to HACL and purchased an aggregate of 8,000,000 shares of
OEC common stock for $7,280,000.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Add the following;
On June 12, 2000, HACL and Jack D. Brannon exercised the warrant
previously issued to HACL and purchased an aggregate of 8,000,000 shares for
$7,280,000. HACL had previously assigned Mr. Brannon the right to 240,000
warrants. HACL has loaned to Mr. Brannon the funds for his exercise of the
warrants on a non-recourse basis secured by a pledge of the OEC common stock
purchased by Mr. Brannon.
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CUSIP No. 670827 10 4 Page 6 of 6 Pages
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OEC COMPRESSION CORPORATION
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, the
undersigned does hereby certify that the information set forth in this
statement is true, complete and correct.
DATE: June 12, 2000
HACL, LTD.
By: SIX-DAWACO, INC.,
General Partner
BY: /s/ RAY C. DAVIS
RAY C. DAVIS, PRESIDENT
ENERGY INVESTORS JOINT VENTURE
By: HACL, LTD.,
Managing Joint Venture Partner
By: SIX-DAWACO, INC.,
General Partner
BY: /s/ RAY C. DAVIS
RAY C. DAVIS, PRESIDENT
/s/ JACK D. BRANNON
JACK D. BRANNON
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATION (SEE 18 U.S.C. Section 1001).
