UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
WRT ENERGY CORPORATION
(Name of Issuer)
COMMON STOCK, $.01 PAR VALUE
(Title of Class of Securities)
92931K-40-3
(CUSIP Number)
Arthur H. Amron
411 West Putnam Avenue
Greenwich, CT 06830
(203) 862-7012
(Name, address and telephone number of person
authorized to receive notices and communications)
July 11, 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 the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for purposes 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>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Management LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
2,309,362
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,309,362
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,309,632
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
11.4%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
00
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Spectrum Investors LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
14,694
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
14,694
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
14,694
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.1%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
OO
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Spectrum Advisors, LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
Delaware
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
14,694
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
14,694
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
14,694
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.1%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
OO
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Special Situations 1996, L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) []
- ------------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
786,481
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
786,481
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
786,481
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
3.9%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Special Situations 1996 Institutional, L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) []
- ------------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
131,322
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
131,322
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
131,322
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.6%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Advisors, LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) []
- ------------------------------------------------------------------------------
(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
Delaware
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
953,056
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
953,056
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
953,056
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
4.7%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
OO
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford-Euris Special Situations 1996, L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
223,825
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
223,825
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
223,825
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.1%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford-Euris Advisors, LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
Delaware
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
223,825
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
223,825
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
223,825
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.1%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
OO
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Special Situations 1996, Limited
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
Cayman Islands
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
35,356
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
35,356
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
35,356
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.2%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Capital Partners II, L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
941,870
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
941,870
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
941,870
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
4.6%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Capital Corporation
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
Delaware
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
941,870
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
941,870
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
941,870
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
4.6%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Overseas Partners I, L.P.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
Cayman Islands
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
175,814
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
175,814
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
175,814
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.9%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Wexford Capital Limited
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
Cayman Islands
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
175,814
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
175,814
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
175,814
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
0.9%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Charles E. Davidson
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
2,309,362
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,309,362
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,309,362
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
11.4%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Schedule 13D
CUSIP NO. 92931K-40-3
- ------------------------------------------------------------------------------
(1) NAME OF REPORTING PERSON
Joseph M. Jacobs
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
(Intentionally Omitted)
- ------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [x]
(b) [ ]
- ------------------------------------------------------------------------------
(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
- ------------------------------------------------------------------------------
NUMBER OF (7) SOLE VOTING POWER
None
SHARES ---------------------------------------------------------------
BENEFICIALLY (8) SHARED VOTING POWER
2,309,362
OWNED BY ---------------------------------------------------------------
EACH (9) SOLE DISPOSITIVE POWER
None
REPORTING ---------------------------------------------------------------
PERSON WITH (10) SHARED DISPOSITIVE POWER
2,309,362
- ------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,309,362
- ------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
- ------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
11.4%
- ------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
ITEM 1. SECURITY AND ISSUER.
This statement on Schedule 13D (the "Statement") is filed with the
Securities and Exchange Commission (the "Commission") by persons named in Item
2 below and relates to the common stock, par value $.01 per share ("Common
Stock"), of WRT Energy Corporation, a Delaware corporation ("WRT"). WRT's
principal executive offices are located at 3303 FM 1960 West, Suite 460,
Houston, Texas 77068
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed by (a) Wexford Management LLC, a
Connecticut limited liability company ("Wexford Management"), (b) Wexford
Special Situations 1996 Limited, a Cayman Islands company ("Wexford Cayman"),
(c) Wexford Spectrum Investors LLC, a Delaware limited liability company
("Wexford Spectrum"), (d) Wexford Special Situations 1996, L.P. and Wexford
Special Situations 1996 Institutional, L.P., each a Delaware limited
partnership (the "Special Funds"), (e) Wexford-Euris Special Situations 1996,
L.P., a Delaware limited partnership ("Wexford-Euris"), (f) Wexford Capital
Partners II, L.P., a Delaware limited partnership ("Wexford Capital"),(g)
Wexford Overseas Partners I, L.P., a Cayman Islands limited partnership
("Wexford Overseas" and together with the Special Funds, Wexford-Euris, and
Wexford Capital, the "Wexford Funds"), (h) Wexford Advisors, LLC, a Delaware
limited liability company (the "Special General Partner"), (i) Wexford-Euris
Advisors, LLC, a Delaware limited liability company (the "Euris General
Partner"), (j) Wexford Spectrum Advisors, LLC, a Delaware limited liability
company ("Wexford Advisors"), (k) Wexford Capital Corporation, a Delaware
corporation (the "Wexford Capital General Partner"), (l) Wexford Capital
Limited, a Cayman Islands company (the "Wexford Overseas General Partner"),
(m) Charles E. Davidson and (n) Joseph M. Jacobs (the individuals and entities
referred to above, collectively, the "Reporting Persons") with respect to
shares of Common Stock beneficially owned by the Reporting Persons.
Wexford Management serves as investment manager to the Wexford
Funds, as manager to Wexford Spectrum and as investment sub-advisor to Wexford
Cayman. Wexford Management's principal business and office address is 411
West Putnam Avenue, Greenwich, CT 06830. As the investment manager, manager or
sub-advisor, as the case may be, to the Wexford Funds, Wexford Spectrum and
Wexford Cayman, Wexford Management has full power and authority to supervise
those entities' investments and cause those entities to purchase or sell any
asset and enter into any other investment related transaction, including
lending securities, exercising control over a company and exercising voting or
approval rights.
Wexford Spectrum is a limited liability company, the members of
which are Wexford Spectrum Fund I, L.P. and Wexford Spectrum Fund II, L.P.,
each a Delaware limited partnership, and Wexford Offshore Spectrum Fund, a
Cayman Islands exempted company. Wexford Advisors is the general partner of
Wexford Spectrum Fund I, L.P. and Wexford Spectrum Fund II, L.P. Charles E.
Davidson is the manager of Wexford Spectrum. The principal business and
office address of Wexford Spectrum is c/o Wexford Management LLC, 411 West
Putnam Avenue, Greenwich CT 06830.
The Wexford Funds, Wexford Spectrum and Wexford Cayman are private
investment funds organized for the purpose of seeking capital appreciation and
interest and dividend income through investments in companies, securities,
other financial instruments, real estate and related derivative instruments
and mortgages, and any and all other types of investments determined as
appropriate by their respective general partners and members, as the case may
be. Their principal usiness and office address is c/o Wexford Management LLC,
411 West Putnam Avenue, Greenwich CT 06830 (in the case of the Wexford Funds
and Wexford Spectrum) and c/o Hemisphere Fund Managers Limited, Harbour
Centre, Third Floor, George Town, Grand Cayman, Cayman Islands, B.W.I. (in the
case of Wexford Cayman).
The principal business and activity of each of the Special General
Partner, the Euris General Partner, the Wexford Capital General Partner and
the Wexford Overseas General Partner is to act as general partner of the
Special Funds, Wexford-Euris, Wexford Capital and Wexford Overseas,
respectively. In addition, the Special General Partner acts as the investment
advisor to Wexford Cayman and, in such, capacity, has the power and authority
similar to Wexford Management's in its capacity as the investment advisor to
the Wexford Funds. Their principal business and office address is c/o Wexford
Management LLC, 411 West Putnam Avenue, Greenwich, CT 06830.
The principal business and activity of Wexford Advisors is to act as
the general partner of Wexford Spectrum Fund I, L.P. and Wexford Spectrum Fund
II, L.P. The principal business and office address of Wexford Advisors is c/o
Wexford Management LLC, 411 West Putnam Avenue, Greenwich, CT 06830.
Charles E. Davidson is chairman and a controlling member of each of
Wexford Management, the Special General Partner and the Euris General Partner,
and is the president and sole director of the Wexford Capital General Partner.
In addition, Mr. Davidson is the Chairman of Wexford Advisors and the
president and a director of the Wexford Overseas General Partner. Mr. Davidson
owns 48.05% of Wexford Management, 49% of each of the Euris General Partner,
the Special General Partner and the Wexford Capital General Partner, and 25%
of Wexford Advisors. Mr. Davidson also is a member of the board of directors
of WRT. His principal business and office address is c/o Wexford Management
LLC, 411 West Putnam Avenue, Greenwich CT 06830. Mr. Davidson is a citizen of
the United States of America.
Joseph M. Jacobs is president, managing member and a controlling
member of Wexford Management, a director of Wexford Cayman and president of
the Special General Partner, the Euris General Partner and Wexford Advisors.
Mr. Jacobs is also a vice president of the Wexford Capital General Partner.
Mr. Jacobs owns 48.05% of Wexford Management and 49% of each of the Special
General Partner, the Euris General Partner and the Wexford Capital General
Partner. Mr. Jacobs also owns 25% of Wexford Advisors. His principal
business and office address is c/o Wexford Management LLC, 411 West Putnam
Avenue, Greenwich CT 06830. Mr. Jacobs is a citizen of the United States of
America.
Christopher Wetherhill is a director and president of Wexford
Cayman. His principal business and office address is Hemisphere House, 9
Church Street, Hamilton Bermuda. He is a citizen of Great Britain.
Patralea Robinson is a director of Wexford Cayman. His principal
business and office address is Hemisphere House, 9 Church Street, Hamilton
Bermuda. He is a citizen of Great Britain.
Thomas S. Healy is a director and treasurer of Wexford Cayman. His
principal business and office address is Hemisphere House, 9 Church Street,
Hamilton Bermuda. He is a citizen of Ireland.
Stuart Drake is a director of Wexford Cayman. Her principal
business and office address is Hemisphere House, 9 Church Street, Hamilton
Bermuda. He is a citizen of Great Britain.
Madeline Reape is Wexford Cayman. Her principal business and office
address is Hemisphere House, 9 Church Street, Hamilton Bermuda. He is a
citizen of Bermuda.
None of the persons referred to in this Item 2 has, during the last
five years, (a) been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (b) been a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and as a result
of such proceeding was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, Federal or state securities laws or finding any violation with respect to
such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The aggregate number of shares of Common Stock purchased and the net
investment cost of such Common Stock is as follows:
Aggregate Number
of Shares of
Reporting Person Common Stock Net Investment Cost
Wexford Special Situations
1996, L.P. 786,481 2,750,656
Wexford Special Situations 1996
Institutional, L.P. 131,322 455,557
Wexford Special Situations
1996, Limited 35,356 122,753
Wexford-Euris Special Situations
1996, L.P. 223,825 788,484
Wexford Spectrum Investors LLC 14,694 69,161
Wexford Capital Partners II, L.P. 941,870 3,559,120
Wexford Overseas Partners I, L.P. 175,814 664,490
Total 2,309,362 $8,410,221
The Common Stock was purchased with the working capital contributed by
the Wexford Funds, Wexford Spectrum and Wexford Cayman in the amounts set
forth opposite their names.
ITEM 4. PURPOSE OF TRANSACTION.
The purpose of the acquisition of the Common Stock by the Reporting
Persons is for investment. The Reporting Persons reserve the right to buy
additional securities of the Issuer or sell securities of the Issuer from time
to time. The Reporting Persons have no present plans or proposals which
relate to, or could result in, any of the actions enumerated in paragraphs (a)
through (j) of Item 4 of the instructions to Schedule 13D. Such entities and
persons may, at any time and from time to time, review or reconsider their
position with respect to the Issuer, and formulate plans or proposals with
respect to any of such matters, but have no present intention of doing so.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
The Reporting Persons may be deemed to own beneficially the
respective percentages and numbers of outstanding shares of Common Stock set
forth below (on the basis of 20,276,257 shares of Common Stock of WRT
outstanding, which, based upon certain publicly available information, is the
number of shares outstanding as of July 16, 1997).
A. Wexford Management LLC
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 11.4%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 2,309,362
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition
2,309,362
(c) Other than as reported in item 3 above, there were no
transactions by Wexford Management in connection with the
Common Stock during the past 60 days.
(d) Wexford Management may be deemed to have the right to receive
or the power to direct the receipt of dividends from, or
proceeds from the sale of, the Common Stock.
(e) Not applicable.
B. Wexford Special Situations 1996, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 3.9%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 786,481
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
786,481
(c) Other than as reported in item 3 above, there were no
transactions by Wexford Special Situations 1996, L.P. in
connection with the Common Stock during the past 60 days.
(d) Wexford Special Situations 1996, L.P. may be deemed to have the
right to receive or the power to direct the receipt of
dividends from, or proceeds from the sale of, the Common Stock.
(e) Not applicable.
C. Wexford Special Situations 1996 Institutional, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 0.6%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 131,322
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
131,322
(c) Other than as reported in item 3 above, there were no
transactions by Wexford Special Situations 1996 Institutional,
L.P. in connection with the Common Stock during the past 60
days.
(d) Wexford Special Situations 1996 Institutional, L.P. may be
deemed to have the right to receive or the power to direct the
receipt of dividends from, or proceeds from the sale of, the
Common Stock.
(e) Not applicable.
D. Wexford Advisors, LLC
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 4.7%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 953,056
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
953,056
(c) No transactions during the past 6O days.
(d) The Special General Partner may be deemed to have the right to
receive or the power to direct the receipt of dividends from,
or proceeds from the sale of, the Common Stock.
(e) Not applicable.
E. Wexford Special Situations 1996, Limited
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 0.1%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 35,356
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
35,356
(c) Other than as reported in item 3 above, there were no
transactions by Wexford Cayman in connection with the Common
Stock during the past 60 days.
(d) Wexford Cayman may be deemed to have the right to receive or
the power to direct the receipt of dividends from, or proceeds
from the sale of, the Common Stock.
(e) Not applicable.
F. Wexford-Euris Special Situations 1996, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 1.1%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 223,825
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
223,825
(c) Other than as reported in item 3 above, there were no
transactions by Wexford-Euris in connection with the Common
Stock during the past 60 days.
(d) Wexford-Euris may be deemed to have the right to receive or the
power to direct the receipt of dividends from, or proceeds from
the sale of, the Common Stock.
(e) Not applicable.
G. Wexford-Euris Advisors, LLC
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 1.1%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 223,825
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
223,825
(c) No transactions during the past 60 days.
(d) The Euris General Partner may be deemed to have the right to
receive or the power to direct the receipt of dividends from,
or proceeds from the sale of, the Common Stock.
(e) Not applicable.
H. Wexford Spectrum Investors LLC
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 0.1%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 14,694
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
14,694
(c) Other than as reported in item 3 above, there were no
transactions by Wexford Spectrum in connection with the Common
Stock during the past 60 days.
(d) Wexford Spectrum may be deemed to have the right to receive or
the power to direct the receipt of dividends from, or proceeds
from the sale of, the Common Stock.
(e) Not applicable.
I. Wexford Spectrum Advisors, LLC
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 0.1%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 14,694
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
14,694
(c) No transactions during the past 60 days.
(d) The Spectrum General Partner may be deemed to have the right to
receive or the power to direct the receipt of dividends from,
or proceeds from the sale of, the Common Stock.
(e) Not applicable.
J. Wexford Capital Partners II, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 4.6%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 941,870
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
941,870
(c) Other than as reported in item 3 above, there were no
transactions by Wexford Capital in connection with the Common
Stock during the past 60 days.
(d) Wexford Capital may be deemed to have the right to receive or
the power to direct the receipt of dividends from, or proceeds
from the sale of, the Common Stock.
(e) Not applicable.
K. Wexford Capital Corporation
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 4.6%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 941,870
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
941,870
(c) No transactions during the past 60 days.
(d) The Wexford Capital General Partner may be deemed to have the
right to receive or the power to direct the receipt of
dividends from, or proceeds from the sale of, the Common Stock.
(e) Not applicable.
L. Wexford Overseas Partners I, L.P.
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 0.9%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 175,814
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
175,814
(c) Other than as reported in item 3 above, there were no
transactions by Wexford Overseas in connection with the Common
Stock during the past 60 days.
(d) Wexford Overseas may be deemed to have the right to receive or
the power to direct the receipt of dividends from, or proceeds
from the sale of, the Common Stock.
(e) Not applicable.
M. Wexford Capital Limited
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 0.9%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 175,814
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
175,814
(c) No transactions during the past 60 days.
(d) The Wexford Overseas General Partner may be deemed to have the
right to receive or the power to direct the receipt of
dividends from, or proceeds from the sale of, the Common Stock.
(e) Not applicable.
N. Charles E. Davidson
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 11.4%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 2,309,362
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
2,309,362
(c) Other than as reported in item 3 above, there were no
transactions by Mr. Davidson in connection with the Common
Stock during the past 60 days.
(d) Mr. Davidson may be deemed to have the right to receive or the
power to direct the receipt of dividends from, or proceeds from
the sale of, the Common Stock.
(e) Not applicable.
O. Joseph M. Jacobs
(a) Aggregate number of shares of Common Stock beneficially owned:
Percentage: 11.4%
(b) 1. Sole power to vote or to direct vote: None
2. Shared power to vote or to direct vote: 2,309,362
3. Sole power to dispose or to direct the disposition: None
4. Shared power to dispose or to direct the disposition:
2,309,362
(c) Other than as reported in item 3 above, there were no
transactions by Mr. Jacobs n connection with the Common Stock
during the past 60 days.
(d) Mr. Jacobs may be deemed to have the right to receive or the
power to direct the receipt of dividends from, or proceeds from
the sale of, the Common Stock.
(e) Not applicable.
Wexford Management may, by reason of its status as investment
manager to the Wexford Funds, manager to Wexford Spectrum and investment sub-
advisor to Wexford Cayman, be deemed to own beneficially the Common Stock of
which the Wexford Funds, Wexford Spectrum and Wexford Cayman possess
beneficial ownership.
The Special General Partner may, by reason of its status as general
partner of the Special Funds, be deemed to own beneficially the Common Stock
of which the Special Funds possess beneficial ownership. The Special General
Partner may, by reason of its status as the investment advisor to Wexford
Cayman, be deemed to own beneficially the Common Stock of which Wexford Cayman
possesses beneficial ownership.
The Euris General Partner may, by reason of its status as the
general partner of Wexford-Euris, be deemed to own beneficially the Common
Stock of which Wexford-Euris possesses beneficial ownership.
The Wexford Capital General Partner may, by reason of its status as
general partner of Wexford Capital, be deemed to own beneficially the Common
Stock of which Wexford Capital possesses beneficial ownership.
The Wexford Overseas General Partner may, by reason of its status as
general partner of Wexford Overseas, be deemed to own beneficially the Common
Stock of which Wexford Overseas possesses beneficial ownership.
Wexford Advisors may, by reason of its status as a general partner
of Wexford Spectrum Fund I, L.P. and Wexford Spectrum II, L.P., be deemed to
own beneficially the Common Stock of which Wexford Spectrum possesses
beneficial ownership.
Each of Charles E. Davidson and Joseph M. Jacobs may, by reason of
his status as a controlling person of Wexford Management, be deemed to own
beneficially the Common Stock of which the Wexford Funds, Wexford Spectrum and
Wexford Cayman possess beneficial ownership.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
None of the persons identified in Item 2 above is a party to any
contract, arrangement, understanding or relationship with respect to any
securities of the Issuer, except to the extent described in Item 2 and Item 5
of this Statement.
ITEM 7. ITEMS TO BE FILED AS EXHIBITS.
There is filed herewith as Exhibit 1 a written agreement relating to
the filing of joint acquisition statements as required by Rule 13d-1(f)(1)
under the Securities Exchange Act of 1934, as amended.
SIGNATURES
After reasonable inquiry and to the best knowledge and belief of
each of the Reporting Persons, each such person or entity certifies that the
information set forth in this statement is true, complete and correct and
agrees that this statement is filed on behalf of each of them.
Dated: July 21, 1997
WEXFORD MANAGEMENT LLC
By: /s/ Arthur H. Amron
--------------------
Name Arthur H. Amron
Title: Senior Vice President
WEXFORD SPECIAL SITUATIONS 1996, L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Chairman
WEXFORD SPECIAL SITUATIONS 1996 INSTITUTIONAL,
L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD-EURIS SPECIAL SITUATIONS, L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
<PAGE>
WEXFORD SPECIAL SITUATIONS 1996, LIMITED
By: Wexford Management LLC, its investment
sub-advisor
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD SPECTRUM INVESTORS LLC
By: Wexford Management LLC, its manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD CAPITAL PARTNERS II, L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD OVERSEAS PARTNERS I, L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD ADVISORS, LLC
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
<PAGE>
WEXFORD-EURIS ADVISORS, LLC
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD SPECTRUM ADVISORS, LLC
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD CAPITAL CORPORATION
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD CAPITAL LIMITED
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
/s/ Charles E. Davidson
-----------------------
Charles E. Davidson
/s/ Joseph M. Jacobs
--------------------
Joseph M. Jacobs
<PAGE>
EXHIBIT 1
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13d-1(f)(1)
----------------------------
The undersigned acknowledges and agrees that the foregoing statement
on Schedule 13D is filed on behalf of the undersigned and that any
subsequent amendments to this statement on Schedule 13D, shall be filed on
behalf of the undersigned without the necessity of filing additional
joint acquisition statements. The undersigned acknowledges that he shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning it contained therein, but shall not
be responsible for the completeness and accuracy of the information concerning
the others, except to the extent it knows or has reason to believe that such
information is inaccurate.
Dated: July 21, 1997
WEXFORD MANAGEMENT LLC
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD SPECIAL SITUATIONS 1996, L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Chairman
<PAGE>
WEXFORD SPECIAL SITUATIONS 1996 INSTITUTIONAL,
L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD-EURIS SPECIAL SITUATIONS, L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD SPECIAL SITUATIONS 1996, LIMITED
By: Wexford Management LLC, its investment
sub-advisor
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD SPECTRUM INVESTORS LLC
By: Wexford Management LLC, its manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD CAPITAL PARTNERS II, L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD OVERSEAS PARTNERS I, L.P.
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
WEXFORD ADVISORS, LLC
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD-EURIS ADVISORS, LLC
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD SPECTRUM ADVISORS, LLC
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Vice President
WEXFORD CAPITAL CORPORATION
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
<PAGE>
WEXFORD CAPITAL LIMITED
By: Wexford Management LLC, its investment
manager
By: /s/ Arthur H. Amron
-------------------
Name: Arthur H. Amron
Title: Senior Vice President
/s/ Charles E. Davidson
-----------------------
Charles E. Davidson
/s/ Joseph M. Jacobs
--------------------
Joseph M. Jacobs
