MOBLEY ENVIRONMENTAL SERVICES INC
SC 14D1/A, 1999-07-28
HAZARDOUS WASTE MANAGEMENT
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                          SECURITIES AND EXCHANGE COMMISSION

                               Washington, D.C.  20549

                                   SCHEDULE 14D-1/A

             Tender Offer Statement Pursuant to Section 14(D)(1) of the
                           Securities Exchange Act of 1934
                        (Amendment No. 3 -- Final Amendment)
- --------------------------------------------------------------------------------

                         Mobley Environmental Services, Inc.
                          (Name of Subject Company [Issuer])
- --------------------------------------------------------------------------------

                                 GAP Capital, L.L.C.
                                    Roger J. Pipes
                                      (Bidders)
- --------------------------------------------------------------------------------

                    Class A Common Stock, $.01 Par Value Per Share
                            (Title of Class of Securities)
- --------------------------------------------------------------------------------

                                     607419-10-8
                        (CUSIP Number of Class of Securities)
- --------------------------------------------------------------------------------

                                       Copy To:
              Roger J. Pipes                    Jeffrey M. Sone, Esquire
            GAP Capital, L.L.C.                   Jackson Walker L.L.P.
       6310 Lemmon Avenue, Suite 202           901 Main Street, Suite 6000
            Dallas, Texas 75209                 Dallas, Texas 75202-3797
              (214) 350-9070                         (214) 953-6000

              (Name, Address and Telephone Numbers of Person Authorized
              to Receive Notices and Communications on Behalf of Bidder)
- --------------------------------------------------------------------------------

<PAGE>

CUSIP NO. 607419-10-8              14D-1/A                     Page 2 of 6 Pages

1)  Names of Reporting Persons, I.R.S. Identification Nos. Of Above Persons
    (entities only):
    GAP Capital, L.L.C.
- --------------------------------------------------------------------------------
2)  Check the Appropriate Box if a Member of a Group (See Instructions)
     (A) [X]
     (B) [ ]
- --------------------------------------------------------------------------------
3)  SEC Use Only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- --------------------------------------------------------------------------------
4)  Sources of Funds (See Instructions): WC
- --------------------------------------------------------------------------------
5)  Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e)
    or 2(f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- --------------------------------------------------------------------------------
6)  Citizenship of Place of Organization: Texas.
- --------------------------------------------------------------------------------
7)  Aggregate Amount Beneficially Owned by Each Reporting Person: 6,602,307
                                                                  on a fully
                                                                  diluted basis
- --------------------------------------------------------------------------------
8)  Check if the Aggregate Amount in Row (7) Excludes Certain Shares (See
    Instructions)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- --------------------------------------------------------------------------------
9)  Percent of Class Represented by Amount in Row (7): 73% on a fully
                                                       diluted basis
- --------------------------------------------------------------------------------
10) Type of Reporting Person (See Instructions):  OO
- --------------------------------------------------------------------------------


<PAGE>

CUSIP NO. 607419-10-8              14D-1/A                     Page 3 of 6 Pages

1)  Names of Reporting Persons, I.R.S. Identification Nos. Of Above Persons
    (entities only):
    Roger J. Pipes, individually, as beneficiary of R. J. Pipes Pension and
    Profit Sharing Plan and R. J. Pipes Money Purchase Pension Plan and as
    Manager of GAP Capital, L.L.C.
- --------------------------------------------------------------------------------
2)  Check the Appropriate Box if a Member of a Group (See Instructions)
    (A) [X]
    (B) [ ]
- --------------------------------------------------------------------------------
3)  SEC Use Only . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- --------------------------------------------------------------------------------
4)  Sources of Funds (See Instructions):  AF
- --------------------------------------------------------------------------------
5)  Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(e)
    or 2(f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- --------------------------------------------------------------------------------
6)  Citizenship of Place of Organization:  United States
- --------------------------------------------------------------------------------
7)  Aggregate Amount Beneficially Owned by Each Reporting Person:  3,347,392
- --------------------------------------------------------------------------------
8)  Check if the Aggregate Amount in Row (7) Excludes Certain Shares (See
    Instructions)  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
- --------------------------------------------------------------------------------
9)  Percent of Class Represented by Amount in Row (7): 79% (37% on a fully
                                                       diluted basis)
- --------------------------------------------------------------------------------
10) Type of Reporting Person (See Instructions):  IN
- --------------------------------------------------------------------------------


<PAGE>

CUSIP NO. 607419-10-8              14D-1/A                     Page 4 of 6 Pages

SCHEDULE 14D-1 - AMENDMENT NO. 3

     This Amendment No. 3 (the "Final Amendment") constitutes the final
amendment to the Tender Offer Statement on Schedule 14D-1 filed with the
Securities and Exchange Commission on June 11, 1999 (as amended, the
"Schedule 14D-1") relating to the tender offer by GAP Capital, L.L.C., a
Texas limited liability company (the "Purchaser"), to purchase all
outstanding shares of the Class A common stock, par value $.01 per share (the
"Class A Shares"), of Mobley Environmental Services, Inc., a Delaware
corporation (the "Company"), at a purchase price of $.25 per Class A Share,
net to the seller in cash, without interest thereon, upon the terms and
subject to the conditions set forth in the Offer to Purchase, dated June 11,
1999 (the "Offer to Purchase"), a copy of which is attached as Exhibit (a)(1)
to the Schedule 14D-1, as supplemented by the Supplement thereto, dated July
13, 1999 (the "Supplement"), which is attached as Exhibit (a)(8) to Amendment
No. 1 to the Schedule 14D-1 and the related Letter of Transmittal, which is
attached as Exhibit (a)(2) to the Schedule 14D-1, which, together with any
amendments or supplements thereto, constitute the "Offer."  Capitalized terms
used but not defined herein have the meanings assigned to such terms in the
Offer to Purchase, the Supplement and the Schedule 14D-1.

ITEM 6.   INTEREST IN SECURITIES OF THE SUBJECT COMPANY.

     Item 6 is hereby amended and supplemented by the addition of the
following.

     (a) - (b)  The Offer expired at 12:00 midnight, New York City time, on
Tuesday, July 27, 1999.  Based on information provided by the Depositary,
there were validly tendered and not withdrawn 3,322,799 Class A Shares
(excluding 100 Class A Shares tendered by means of guaranteed delivery), or
approximately 37% of the issued and outstanding shares of common stock of the
Company on a fully diluted basis, which is equal to approximately 78% of the
actual outstanding Class A Shares. The Class A Shares validly tendered and
not withdrawn at such time were accepted for payment. On July 28, 1999,
Purchaser issued a press release attached hereto as Exhibit (a)(15).

ITEM 11.  MATERIAL TO BE FILED AS EXHIBITS.

     Item 11 of the Schedule 14D-1 is hereby amended to add the following
exhibit:

     (a)(15)  Press Release of Purchaser regarding Expiration of Offer dated
July 28, 1999.


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                                     SIGNATURES

     After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.

Dated: July 28, 1999
                                        GAP CAPITAL, L.L.C.,
                                        a Texas limited liability company


                                        By:   /s/ Roger J. Pipes
                                           ------------------------------------
                                             Roger J. Pipes, Manager


                                         /s/ Roger J. Pipes
                                        ---------------------------------------
                                        Roger J. Pipes, Manager of GAP
                                        Capital, L.L.C.

<PAGE>


Exhibit:

Exhibit Number     Item
- --------------     ----

(a)(15)            Press Release issued by Purchaser regarding Expiration
                   of Offer dated July 28, 1999.



<PAGE>



                               EXHIBIT (a)(15)

  PRESS RELEASE OF PURCHASER REGARDING EXPIRATION OF OFFER DATED JULY 28, 1999


<PAGE>


FOR IMMEDIATE RELEASE

CONTACTS:

Roger J. Pipes
Manager
GAP Capital, L.L.C.
(214) 350-9070


                    GAP CAPITAL, L.L.C. COMPLETES TENDER OFFER
                               FOR CLASS A SHARES OF
                        MOBLEY ENVIRONMENTAL SERVICES, INC.

DALLAS, TEXAS --July 28, 1999 -- GAP Capital, L.L.C. today announced that it has
completed its cash tender offer for shares of the Class A common stock of Mobley
Environmental Services, Inc. (OTC:MBLYA) ("Mobley") at $.25 net per share.

The offer expired, as scheduled, at 12:00 midnight (New York City time) on
Tuesday, July 27, 1999.

As of the expiration of the offer, based on information provided from the
Depositary, approximately 3,322,799 Class A shares, excluding approximately
100 Class A shares tendered by guaranteed delivery, of Mobley common stock
had been tendered and not withdrawn.  All of such shares validly tendered and
not withdrawn at such time, were accepted for payment.  As a result of the
tender offer, GAP Capital, L.L.C. will own approximately 78% of the
outstanding shares of Class A common stock of Mobley or approximately 37% on
a fully diluted basis.

GAP Capital, L.L.C., based in Dallas, Texas, is a Texas limited liability
company organized to acquire shares of Mobley and has not conducted any
unrelated activities since its organization.

Mobley Environmental Services, Inc., based in Austin, Texas, has had no
operating assets since the sale of its oil field services business and
hydrocarbon recovery ad recycling business in 1997.




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