<PAGE> 1
================================================================================
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) August 9, 1999
TATHAM OFFSHORE, INC.
(Exact Name of Registrant as Specified in its Charter)
<TABLE>
<S> <C> <C>
DELAWARE 0-22892 76-0269967
(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
</TABLE>
600 Travis, Suite 7400
Houston, Texas
(Address of Principal Executive Offices)
77002
(Zip Code)
Registrant's telephone number, including area code: (713) 224-7400
================================================================================
<PAGE> 2
ITEM 3. BANKRUPTCY OR RECEIVERSHIP.
The information in the Press Release dated August 10, 1999 and attached
as Exhibit 99.1 hereto is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) None.
(b) None.
(c) Exhibits.
2.1 Voluntary Petition filed on August 9, 1999, IN RE:
RIGCO NORTH AMERICA, L.L.C., in the United States
Bankruptcy Court for the Southern District of Texas,
No. 99-22401-C-11.
2.2 Voluntary Petition filed on August 9, 1999, IN RE:
FPS VI, L.L.C., in the United States Bankruptcy Court
for the Southern District of Texas, No.
99-22403-C-11.
2.3 Voluntary Petition filed on August 9, 1999, IN RE:
FPS III, INC., in the United States Bankruptcy Court
for the Southern District of Texas, No.
99-22402-C-11.
2.4 Voluntary Petition filed on August 9, 1999, IN RE:
FPS V, INC., in the United States Bankruptcy Court
for the Southern District of Texas, No.
99-22404-C-11.
99.1 Press Release dated August 10, 1999.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TATHAM OFFSHORE, INC.
Date: August 12, 1999 By: /s/ DENNIS A. KUNETKA
----------------------------------------
Dennis A. Kunetka
Senior Vice President
<PAGE> 4
INDEX TO EXHIBITS
<TABLE>
<CAPTION>
EXHIBIT
NUMBER DESCRIPTION
- ------- -----------
<S> <C>
2.1 Voluntary Petition filed on August 9, 1999, IN RE: RIGCO NORTH
AMERICA, L.L.C., in the United States Bankruptcy Court for the
Southern District of Texas, No. 99-22401-C-11.
2.2 Voluntary Petition filed on August 9, 1999, IN RE: FPS VI,
L.L.C., in the United States Bankruptcy Court for the Southern
District of Texas, No. 99-22403-C-11.
2.3 Voluntary Petition filed on August 9, 1999, IN RE: FPS III,
INC., in the United States Bankruptcy Court for the Southern
District of Texas, No. 99-22402-C-11.
2.4 Voluntary Petition filed on August 9, 1999, IN RE: FPS V,
INC., in the United States Bankruptcy Court for the Southern
District of Texas, No. 99-22404-C-11.
99.1 Press Release dated August 10, 1999.
</TABLE>
<PAGE> 1
EXHIBIT 2.1
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
FORM B1 UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF TEXAS VOLUNTARY PETITION
- -----------------------------------------------------------------------------------------------------------------------------------
Name of Debtor (if individual, enter Last, First, Middle): Name of Joint Debtor (Spouse) (Last, First, Middle):
RIGCO North America, L.L.C.
a Delaware Corporation
- -----------------------------------------------------------------------------------------------------------------------------------
All Other Names used by the Debtor in the last 6 years All Other Names used by the Joint Debtor in the last 6 years
(include married, maiden, and trade names): (include married, maiden, and trade names):
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
Soc. Sec./Tax I.D. No. (if more than one, state all): Soc. Sec./Tax I.D. No. (if more than one, state all):
76-0515425
- -----------------------------------------------------------------------------------------------------------------------------------
Street Address of Debtor (No. & Street, City, State & Zip Code): Street Address of Joint Debtor (No. & Street, City, State
600 Travis, Suite 7500 & Zip Code):
Houston TX 77002
- -----------------------------------------------------------------------------------------------------------------------------------
County of Residence or of the County of Residence or of the
Principal Place of Business: Principal Place of Business:
- -----------------------------------------------------------------------------------------------------------------------------------
Mailing Address of Debtor (if different from street address): Mailing Address of Joint Debtor (if different from street
SAME address):
- -----------------------------------------------------------------------------------------------------------------------------------
Location of Principal Assets of Business Debtor
(if different from street address above): SAME 99-22401-C-11
- -----------------------------------------------------------------------------------------------------------------------------------
INFORMATION REGARDING THE DEBTOR (CHECK THE APPROPRIATE BOXES)
- -----------------------------------------------------------------------------------------------------------------------------------
VENUE (Check any applicable box)
[X] Debtor has been domiciled or has had a residence, principal place of business, or principal assets in this District for 180 days
immediately preceding the date of this petition or for a longer part of such 180 days than in any other District.
[ ] There is a bankruptcy case concerning the debtor's affiliate, general partner, or partnership pending in this District.
- -----------------------------------------------------------------------------------------------------------------------------------
TYPE OF DEBTOR (Check all boxes that apply) CHAPTER OR SECTION OF THE BANKRUPTCY CODE UNDER WHICH
THE PETITION IS FILED (Check one box)
[ ] Individual(s) [ ] Railroad
[ ] Corporation [ ] Stockbroker [ ] Chapter 7 [X] Chapter 11 [ ] Chapter 13
[ ] Partnership [ ] Commodity Broker [ ] Chapter 9 [ ] Chapter 12
[X] Other LIMITED LIABILITY COMPANY [ ] Sec.304 - Case ancillary to foreign proceeding
------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
NATURE OF DEBTS (Check one box) FILING FEE (Check one box)
[ ] Consumer/Non-Business [X} Business [X] Full Filing Fee attached
- -------------------------------------------------------------------- [ ] Filing Fee to be paid in installments (Applicable to
CHAPTER 11 SMALL BUSINESS (Check all boxes that apply) individuals only)
Must attach signed application for the court's
[ ] Debtor is a small business as defined in 11 U.S.C. Section 101 consideration certifying that the debtor is unable to
[ ] Debtor is and elects to be considered a small business under pay fee except in installments.
11 U.S.C. Section 1121(e) (Optional) Rule 1006(b). See Official Form No. 3.
----------------------------------------------------------------------------------------------------------------------------------
STATISTICAL/ADMINISTRATIVE INFORMATION (Estimates only) THIS SPACE IS FOR COURT USE ONLY
[X] Debtor estimates that funds will be available for distribution to unsecured creditors.
[ ] Debtor estimates that, after any exempt property is excluded and administrative expenses UNITED STATES BANKRUPTCY COURT
paid, there will be no funds available for distribution to unsecured creditors. SOUTHERN DISTRICT OF TEXAS
- -------------------------------------------------------------------------------------------- FILED
1-15 16-49 50-99 100-199 200-999 1000-over
Estimated Number of Creditors [ ] [X] [ ] [ ] [ ] [ ] AUG 09 1999
- --------------------------------------------------------------------------------------------
Estimated Assets MICHAEL N. MILBY,
$0 to $50,001 to $100,001 to $500,001 to $1,000,001 to $10,000,001 to $50,000,001 to More than CLERK OF COURT
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[ ] [ ] [ ] [ ] [ ] [ ] [X] [ ]
- -----------------------------------------------------------------------------------------------------------
Estimated Debts
$0 to $50,001 to $100,001 to $500,001 to $1,000,001 to $10,000,001 to $50,000,001 to More than
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [X]
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PETITION Name of Debtor(s): FORM B1, PAGE 2
(This page must be completed and filed in every case) RIGCO North America, L.L.C.,
a Delaware Corporation
- -----------------------------------------------------------------------------------------------------------------------------------
PRIOR BANKRUPTCY CASE FILED WITHIN LAST 6 YEARS (IF MORE THAN ONE ATTACH ADDITIONAL SHEET
- -----------------------------------------------------------------------------------------------------------------------------------
Location Where Filed: Case Number: Date Filed:
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
PENDING BANKRUPTCY CASES FILED BY ANY SPOUSE, PARTNER OR AFFILIATE OF THE DEBTOR [ILLEGIBLE]
- -----------------------------------------------------------------------------------------------------------------------------------
Name of Debtor: Case Number: Date Filed:
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
District: Relationship: Judge:
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURES
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (INDIVIDUAL/JOINT) SIGNATURE OF DEBTOR (CORPORATION/PARTNERSHIP)
I declare under penalty of perjury that the information I declare under penalty of perjury that the information
provided in this petition is true and correct. provided in this petition is true and correct, and that I have
[If petitioner is an individual whose debts are primarily been authorized to file this petition on behalf of the debtor.
consumer debts and has chosen to file under chapter 7] I am
aware that I may proceed under chapter 7, 11, 12, or 13 of The debtor requests relief in accordance with the chapter of
title 11, United States Code, understand the relief available title 11, United States Code, specified in this petition.
under each such chapter, and choose to proceed under
chapter 7. I request relief in accordance with the chapter of
title 11, United States Code, specified in this petition.
X X /s/ DENNIS KUNETKA
------------------------------------------------------------ ------------------------------------------------------------
Signature of Debtor Signature of Authorized Individual
X Dennis Kunetka
------------------------------------------------------------ ------------------------------------------------------------
Signature of Joint Debtor Printed Name of Authorized Individual
Officer
------------------------------------------------------------ ------------------------------------------------------------
Telephone Number (if not represented by attorney) Title of Authorized Individual
8/9/1999
------------------------------------------------------------ ------------------------------------------------------------
Date Date
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE OF ATTORNEY SIGNATURE OF NON-ATTORNEY PETITION PREPARER
X /s/ JAN M. ABELL I certify that I am a bankruptcy petition preparer as defined
------------------------------------------------------------ in II U.S.C. Section 110, that I prepared this document for
Signature of Attorney for Debtor(s) compensation, and that I have provided the debtor with a copy
of this document.
Jan M. Abell
------------------------------------------------------------
Printed Name of Attorney for Debtor(s)
Akin, Gump, Strauss, Hauer & Feld, L.L.P.
------------------------------------------------------------ ------------------------------------------------------------
Firm Name Printed Name of Bankruptcy Petition Preparer
711 Louisiana, Suite 1900
------------------------------------------------------------ ------------------------------------------------------------
Address Social Security Number
------------------------------------------------------------ ------------------------------------------------------------
Address
Houston TX 77002
------------------------------------------------------------ ------------------------------------------------------------
(713) 220-5800 8/9/1999
-------------------------- ------------------------------- ------------------------------------------------------------
Telephone Number Date
- ------------------------------------------------------------- Names and Social Security numbers of all other individuals
EXHIBIT A who prepared or assisted in preparing this document:
(To be completed if debtor is required to file periodic
reports (e.g., forms 10K and 10Q) with the Securities and
Exchange Commission pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and is requesting relief
under chapter 11)
[ ] Exhibit A is attached and made a part of this petition.
- -------------------------------------------------------------
EXHIBIT B If more than one person prepared this document, attach
(To be completed if debtor is an individual additional sheets conforming to the appropriate official form
whose debts are primarily consumer debts) for each person.
I, the attorney for the petitioner named in the foregoing
petition, declare that I have informed the petitioner that X
(he or she) may proceed under chapter 7, 11, 12 or 13 of -----------------------------------------------------------
title 11, United States Code, and have explained the relief Signature of Bankruptcy Petition Preparer
available under each such chapter.
-----------------------------------------------------------
Date
X
------------------------------------------------------------ A bankruptcy petition preparer's failure to comply with the
Signature of Attorney for Debtor(s) provisions of title 11 and the Federal Rules of Bankruptcy
Procedure may result in fines or imprisonment or both
------------------------------------------------------------ 11 U.S.C. Section 110; 18 U.S.C. Section 156.
Date
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
WRITTEN CONSENT
OF THE
MEMBERS
OF
RIGCO NORTH AMERICA, L.L.C.
IN LIEU OF A SPECIAL MEETING
The undersigned, being all of the members (the "Members") of RIGCO
North America, L.L.C., a Delaware limited liability company (the "Company"), do
hereby consent to the following actions of the Company with the same force and
effect as though the following resolutions were adopted at a special meeting of
the Members duly called and held:
RESOLVED, that in the judgment of the Members, it is in the best
interests of the Company, its creditors, partners, employees and other
interested parties that a petition be filed by the Company seeking relief under
the provisions of Chapter 11 of Title 11 of the United States Code (the
"Bankruptcy Code");
RESOLVED, that Thomas P. Tatham, as Chief Executive Officer, and Dennis
A. Kunetka, as Senior Vice President (each an "Authorized Officer" and
collectively the "Authorized Officers"), are, and each of them is, hereby
authorized and empowered on behalf of, and in the name of, the Company to
execute and verify or certify a petition under Chapter 11 of the Bankruptcy Code
and to cause the same to be filed in the United States Bankruptcy Court for the
Southern District of Texas, Corpus Christi Division at such time as said officer
executing the same shall determine;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company to execute and file all petitions, schedules, lists,
and other papers, and to take any and all actions that any of the Authorized
Officers may deem necessary or proper in connection with the Chapter 11 case;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company, to execute any and all plans of reorganization
under Chapter 11 of the Bankruptcy Code, including any and all modifications,
supplements, and amendments thereto, in such form and containing such terms as
the Members shall hereafter approve, and to cause the same to be filed in the
United States Bankruptcy Court for the Southern District of Texas, Corpus
Christi Division at such time as said officer executing the same shall
determine;
RESOLVED, that the law firm of Akin, Gump, Strauss, Hauer & Feld L.L.P.
be employed as counsel for the Company, in the Company's Chapter 11 case under a
general retainer; the previously approved engagement of Akin, Gump, Strauss,
Hauer & Feld L.L.P. as legal counsel in connection with the potential
restructuring and recapitalization of the Company being hereby acknowledged and
affirmed;
RESOLVED, that each of the Authorized Officers be, and hereby is,
authorized and empowered on behalf of, and in the name of, the Company, to
retain and employ other attorneys,
<PAGE> 4
investment bankers, accountants, and other professionals to assist in the
Company's Chapter 11 case on such terms as such Authorized Officer deems
necessary or proper.
REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK.
2
<PAGE> 5
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
corporate seal of the Company this 9th day of August, 1999.
FPS III, INC.
/s/ DENNIS A. KUNETKA
----------------------------------
Dennis A. Kunetka
Chief Financial Officer
FPS V, INC.
/s/ DENNIS A. KUNETKA
-----------------------------------
Dennis A. Kunetka
Chief Financial Officer
<PAGE> 6
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF TEXAS
CORPUS CHRISTI DIVISION
In re RIGCO North America, L.L.C. Case No.
a Delaware Corporation Chapter 11
/Debtor
- -----------------------------------------------------
LIST OF CREDITORS HOLDING 20 LARGEST UNSECURED CLAIMS
Following is the list of the debtor's creditors holding the 20 largest unsecured
claims. The list is prepared in accordance with Fed. R. Bankr. P. 1007(d) for
filing in this chapter 11 [or chapter 9] case. The list does not include (1)
persons who come within the definition of "Insider" set forth in 11 U.S.C.
Section 101, or (2) secured creditors unless the value of the collateral is such
that the unsecured deficiency places the creditor among the holders of the 20
largest unsecured claims.
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Name of Creditor and Complete Name, Telephone Number and Nature of Claim Indicate if Claim Amount of Claim
Mailing Address Including Complete Mailing Address, (Trade Debt, is Contingent, (if Secured also
Zip Code Including Zip Code, of Employee, Bank Loan, Unliquidated, State Value of
Agent, or Department of Creditor Government Disputed, or Security)
Familiar with Claim Contract, etc.) subject to
Who may be Contacted Setoff
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1 Phone: (281) 558-3756 Make-Ready & Charter D $4,216,363.46
Sedco-Forex Division Sedco-Forex Div./Schlumberger Agreements S
Schlumberger Technology Corp. Attn: John Powers
1155 Dairy Ashford, Suite 402 1155 Dairy Ashford, Suite 402
Houston TX 77079 Houston TX 77079
- ------------------------------------------------------------------------------------------------------------------------------------
2
Aker Engineering, Inc. Phone: (281) 870-1111 Trade Debt $ 245,858.79
11757 Katy Freeway, Suite 1300 Aker Engineering, Inc.
Houston TX 77079-1725 Attn: Richard D'Souza
11757 Katy Freeway, Suite 1300
Houston TX 77079-1725
- ------------------------------------------------------------------------------------------------------------------------------------
3 Phone: (228) 769-0275 Trade Debt $ 136,729.15
Friede Goldman Offshore, Inc. Friede Goldman Offshore, Inc.
P.O. Box 7007 Attn: Bryan Harger
Pascagoula MS 39581 P.O. Box 7007
Pascagoula MS 39581
- ------------------------------------------------------------------------------------------------------------------------------------
4 Phone: (228) 762-0268 Trade Debt $ 43,025.08
Gulf Sales & Supply, Inc. Gulf Sales & Supply, Inc.
1909 Kenneth Avenue Attn: Randy Grierson
Pascagoula MS 39567 1909 Kenneth Avenue
Pascagoula MS 39567
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
LIST OF CREDITORS HOLDING 20 LARGEST UNSECURED CLAIMS
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Name of Creditor and Complete Name, Telephone Number and Nature of Claim Indicate if Claim Amount of Claim
Mailing Address Including Complete Mailing Address, (Trade Debt, is Contingent, (if Secured also
Zip Code Including Zip Code, of Employee, Bank Loan, Unliquidated, State Value of
Agent, or Department of Creditor Government Disputed, or Security)
Familiar with Claim Contract, etc.) subject to
Who may be Contacted Setoff
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
5 Phone: (504) 733-5761 Trade Debt $29,413.55
Universal Services Universal Services
5800 Jefferson Highway Attn: Sherrel Gorham
Harahan LA 70123 5800 Jefferson Highway
Harahan LA 70123
- ------------------------------------------------------------------------------------------------------------------------------------
6 Phone: (713) 983-9700 Trade Debt $13,505.33
Continental Emsco Company Continental Emsco Company
12227-D Farmroad 529 Attn: James Gunter, Jr.
Houston TX 77041 12227-D Farmroad 529
Houston TX 77041
- ------------------------------------------------------------------------------------------------------------------------------------
7 Phone: (202) 639-7700 Trade Debt $ 8,849.77
Baker & Botts Baker & Botts
Attn: Thomas Eastment Attn: Thomas Eastment
1299 Pennsylvania Ave., N.W. P.O. Box 201626
Washington DC 20004-2400 Houston TX 77216-1626
- ------------------------------------------------------------------------------------------------------------------------------------
8 Phone: (281) 447-1726 Trade Debt $ 8,736.86
Rodriguez, Villacorta & Weiss Rodriguez, Villacorta & Weiss
Attn: Richard Rodriguez Attn: Richard Rodriguez
16750 Hedgecroft, Suite 504 16750 Hedgecroft, Suite 504
Houston TX 77060 Houston TX 77060
- ------------------------------------------------------------------------------------------------------------------------------------
9 Phone: (713) 941-0306 Trade Debt $ 8,678.07
Total Safety, Inc. Total Safety, Inc.
11111 Wilcrest Green Attn: Mitch Green
Houston TX 77042 11111 Wilcrest Green
Houston TX 77042
- ------------------------------------------------------------------------------------------------------------------------------------
10 Phone: (713) 529-2949 Trade Debt $ 8,047.60
Easterly & Company Easterly & Company
2001 Kirby Drive, Suite 500 2001 Kirby Drive, Suite 500
Houston TX 77019 Houston TX 77019
- ------------------------------------------------------------------------------------------------------------------------------------
11 Phone: (972) 870-7000 Trade Debt $ 1,220.58
Tri-Gas, Inc. Tri-Gas, Inc.
161 Corp. Center 161 Corp. Center
6225 N. St. Hwy 161 #200 6225 N. St. Hwy 161 #200
Irving TX 75038 Irving TX 75038
- ------------------------------------------------------------------------------------------------------------------------------------
12 Phone: (713) 529-3076 Trade Debt $ 475.00
Weather Research Center Weather Research Center
3227 Audley 3227 Audley
Houston TX 77098 Houston TX 77098
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 8
LIST OF CREDITORS HOLDING 20 LARGEST UNSECURED CLAIMS
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Name of Creditor and Complete Name, Telephone Number and Nature of Claim Indicate if Claim Amount of Claim
Mailing Address Including Complete Mailing Address, (Trade Debt, is Contingent, (if Secured also
Zip Code Including Zip Code, of Employee, Bank Loan, Unliquidated, State Value of
Agent, or Department of Creditor Government Disputed, or Security)
Familiar with Claim Contract, etc.) subject to
Who may be Contacted Setoff
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
13 Phone: (228) 762-4811 Trade Debt $ 422.00
Nordan Smith Welding Supplies Nordan Smith Welding Supplies
4311 Denny Avenue 4311 Denny Avenue
Pascagoula MS 39581 Pascagoula MS 39581
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
DECLARATION UNDER PENALTY OF PERJURY ON BEHALF OF A LIMITED LIABILITY CORP.
I, Dennis Kunetka, Officer of the LIMITED LIABILITY CORP. named as debtor in
this case, declare under penalty of perjury that I have read the foregoing List
of Creditors Holding Twenty Largest Unsecured Claims and that they are true and
correct to the best of my knowledge, information and belief.
Date: 8/9/1999 Signature /s/ DENNIS KUNETKA
------------------------------
Name: Dennis Kunetka
Title: Officer
<PAGE> 1
EXHIBIT 2.2
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
FORM B1 UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF TEXAS VOLUNTARY PETITION
- -----------------------------------------------------------------------------------------------------------------------------------
Name of Debtor (If individual, enter Last, First, Middle): Name of Joint Debtor (Spouse) (Last, First, Middle):
FPS VI, L.L.C.
a Delaware Corporation
- -----------------------------------------------------------------------------------------------------------------------------------
All Other Names used by the Debtor in the last 6 years All Other Names used by the Joint Debtor in the last 6 years
(include married, maiden, and trade names): (include married, maiden, and trade names):
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
Soc. Sec./Tax I.D. No. (if more than one, state all): Soc. Sec./Tax I.D. No. (if more than one, state all):
76-0575070
- -----------------------------------------------------------------------------------------------------------------------------------
Street Address of Debtor (No. & Street, City, State & Zip Code): Street Address of Joint Debtor (No. & Street, City, State
600 Travis, Suite 7500 & Zip Code):
Houston TX 77002
- -----------------------------------------------------------------------------------------------------------------------------------
County of Residence or of the County of Residence or of the
Principal Place of Business: Harris Principal Place of Business:
- -----------------------------------------------------------------------------------------------------------------------------------
Mailing Address of Debtor (if different from street address): Mailing Address of Joint Debtor (if different from street
SAME address):
- -----------------------------------------------------------------------------------------------------------------------------------
Location of Principal Assets of Business Debtor
(if different from street address above): SAME 99-22403-C-11
- -----------------------------------------------------------------------------------------------------------------------------------
INFORMATION REGARDING THE DEBTOR (CHECK THE APPROPRIATE BOXES)
- -----------------------------------------------------------------------------------------------------------------------------------
VENUE (Check any applicable box)
[X] Debtor has been domiciled or has had a residence, principal place of business, or principal assets in this District for 180 days
immediately preceding the date of this petition or for a longer part of such 180 days than in any other District.
[ ] There is a bankruptcy case concerning the debtor's affiliate, general partner, or partnership pending in this District.
- -----------------------------------------------------------------------------------------------------------------------------------
TYPE OF DEBTOR (Check all boxes that apply) CHAPTER OR SECTION OF THE BANKRUPTCY CODE UNDER WHICH
THE PETITION IS FILED (Check one box)
[ ] Individual(s) [ ] Railroad
[ ] Corporation [ ] Stockbroker [ ] Chapter 7 [X] Chapter 11 [ ] Chapter 13
[ ] Partnership [ ] Commodity Broker [ ] Chapter 9 [ ] Chapter 12
[X] Other LIMITED LIABILITY COMPANY [ ] Sec.304 - Case ancillary to foreign proceeding
------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
NATURE OF DEBTS (Check one box) FILING FEE (Check one box)
[ ] Consumer/Non-Business [X} Business [X] Full Filing Fee attached
- -------------------------------------------------------------------- [ ] Filing fee to be paid in installments (Applicable to
CHAPTER 11 SMALL BUSINESS (Check all boxes that apply) individuals only)
Must attach signed application for the courts
[ ] Debtor is a small business as defined in 11 U.S.C. Section 101 consideration certifying that the debtor is unable to
[ ] Debtor is and elects to be considered a small business under pay fee except in installments.
11 U.S.C. Section 1121(e) (Optional) Rule 1006(b). See Official Form No. 3.
----------------------------------------------------------------------------------------------------------------------------------
STATISTICAL/ADMINISTRATIVE INFORMATION (Estimates only) THIS SPACE IS FOR COURT USE ONLY
[X] Debtor estimates that funds will be available for distribution to unsecured creditors.
[ ] Debtor estimates that, after any exempt property is excluded and administrative expenses UNITED STATES BANKRUPTCY COURT
paid, there will be no funds available for distribution to unsecured creditors. SOUTHERN DISTRICT OF TEXAS
- -------------------------------------------------------------------------------------------- FILED
1-15 16-49 50-99 100-199 200-999 1000-over
Estimated Number of Creditors [ ] [X] [ ] [ ] [ ] [ ] AUG 09 1999
- --------------------------------------------------------------------------------------------
Estimated Assets MICHAEL N. MILBY,
$ 0 to $50,001 to $100,001 to $500,001 to $1,000,001 to $10,000,001 to $50,000,001 to More than CLERK OF COURT
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[ ] [ ] [ ] [ ] [ ] [X] [ ] [ ]
- -----------------------------------------------------------------------------------------------------------
Estimated Debts
$ 0 to $50,001 to $100,001 to $500,001 to $1,000,001 to $10,000,001 to $50,000,001 to More than
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [X]
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PETITION Name of Debtor(s): FORM B1, PAGE 2
(This page must be completed and filed in every case) FPS VI, L.L.C.,
a Delaware Corporation
- -----------------------------------------------------------------------------------------------------------------------------------
PRIOR BANKRUPTCY CASE FILED WITHIN LAST 6 YEARS (IF MORE THAN ONE ATTACH ADDITIONAL SHEET
- -----------------------------------------------------------------------------------------------------------------------------------
Location Where Filed: Case Number: Date Filed:
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
PENDING BANKRUPTCY CASES FILED BY ANY SPOUSE, PARTNER OR AFFILIATE OF THE DEBTOR [ILLEGIBLE]
- -----------------------------------------------------------------------------------------------------------------------------------
Name of Debtor: Case Number: Date Filed:
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
District: Relationship: Judge:
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURES
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (INDIVIDUAL/JOINT) SIGNATURE OF DEBTOR (CORPORATION/PARTNERSHIP)
I declare under penalty of perjury that the information I declare under penalty of perjury that the information
provided in this petition is true and correct. provided in this petition is true and correct, and that I have
[If petitioner is an individual whose debts are primarily been authorized to file this petition on behalf of the debtor.
consumer debts and has chosen to file under chapter 7] I am
aware that I may proceed under chapter 7, 11, 12, or 13 of The debtor requests relief in accordance with the chapter of
title 11, United States Code, understand the relief available title 11, United States Code, specified in this petition.
under each such chapter, and choose to proceed under
chapter 7. I request relief in accordance with the chapter of
title 11, United States Code, specified in this petition.
X X /s/ DENNIS KUNETKA
------------------------------------------------------------ ------------------------------------------------------------
Signature of Debtor Signature of Authorized Individual
X Dennis Kunetka
------------------------------------------------------------ ------------------------------------------------------------
Signature of Joint Debtor Printed Name of Authorized Individual
Officer
------------------------------------------------------------ ------------------------------------------------------------
Telephone Number (if not represented by attorney) Title of Authorized Individual
8/9/1999
------------------------------------------------------------ ------------------------------------------------------------
Date Date
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE OF ATTORNEY SIGNATURE OF NON-ATTORNEY PETITION PREPARER
X /s/ JAN M. ABELL I certify that I am a bankruptcy petition preparer as defined
------------------------------------------------------------ in II U.S.C. Section 110, that I prepared this document for
Signature of Attorney for Debtor(s) compensation, and that I have provided the debtor with a copy
of this document.
Jan M. Abell
------------------------------------------------------------
Printed Name of Attorney for Debtor(s)
Akin, Gump, Strauss, Hauer & Feld, L.L.P.
------------------------------------------------------------ ------------------------------------------------------------
Firm Name Printed Name of Bankruptcy Petition Preparer
711 Louisiana, Suite 1900
------------------------------------------------------------ ------------------------------------------------------------
Address Social Security Number
------------------------------------------------------------ ------------------------------------------------------------
Address
Houston TX 77002
------------------------------------------------------------ ------------------------------------------------------------
(713) 220-5800 8/9/1999
-------------------------- ------------------------------- ------------------------------------------------------------
Telephone Number Date
- ------------------------------------------------------------- Names and Social Security numbers of all other individuals
EXHIBIT A who prepared or assisted in preparing this document:
(To be completed if debtor is required to file periodic
reports (e.g., forms 10K and 10Q) with the Securities and
Exchange Commission pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and is requesting relief
under chapter 11)
[ ] Exhibit A is attached and made a part of this petition.
- -------------------------------------------------------------
EXHIBIT B If more than one person prepared this document, attach
(To be completed if debtor is an individual additional sheets conforming to the appropriate official form
whose debts are primarily consumer debts) for each person.
I, the attorney for the petitioner named in the foregoing
petition, declare that I have informed the petitioner that X
(he or she) may proceed under chapter 7, 11, 12 or 13 of -----------------------------------------------------------
title 11, United States Code, and have explained the relief Signature of Bankruptcy Petition Preparer
available under each such chapter.
-----------------------------------------------------------
Date
X
------------------------------------------------------------ A bankruptcy petition preparer's failure to comply with the
Signature of Attorney for Debtor(s) provisions of title 11 and the Federal Rules of Bankruptcy
Procedure may result in fines or imprisonment or both
------------------------------------------------------------ 11 U.S.C. Section 110; 18 U.S.C. Section 156.
Date
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
WRITTEN CONSENT
OF THE
SOLE MEMBER
OF
FPS VI, L.L.C.
IN LIEU OF A SPECIAL MEETING
The undersigned, being the sole member (the "Member") of FPS VI,
L.L.C., a Delaware limited liability company (the "Company"), do hereby consent
to the following actions of the Company:
RESOLVED, that in the judgment of the Member, it is in the best
interests of the Company, its creditors, partners, employees and other
interested parties that a petition be filed by the Company seeking relief under
the provisions of Chapter 11 of Title 11 of the United States Code (the
"Bankruptcy Code");
RESOLVED, that Thomas P. Tatham, as Chief Executive Officer, and Dennis
A. Kunetka, as Chief Financial Officer (each an "Authorized Officer" and
collectively the "Authorized Officers"), are, and each of them is, hereby
authorized and empowered on behalf of, and in the name of, the Company to
execute and verify or certify a petition under Chapter 11 of the Bankruptcy Code
and to cause the same to be filed in the United States Bankruptcy Court for the
Southern District of Texas, Corpus Christi Division at such time as said officer
executing the same shall determine;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company to execute and file all petitions, schedules, lists,
and other papers, and to take any and all actions that any of the Authorized
Officers may deem necessary or proper in connection with the Chapter 11 case;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company, to execute any and all plans of reorganization
under Chapter 11 of the Bankruptcy Code, including any and all modifications,
supplements, and amendments thereto, in such form and containing such terms as
the Members shall hereafter approve, and to cause the same to be filed in the
United States Bankruptcy Court for the Southern District of Texas, Corpus
Christi Division at such time as said officer executing the same shall
determine;
RESOLVED, that the law firm of Akin, Gump, Strauss, Hauer & Feld L.L.P.
be employed as counsel for the Company, in the Company's Chapter 11 case under a
general retainer; the previously approved engagement of Akin, Gump, Strauss,
Hauer & Feld L.L.P. as legal counsel in connection with the potential
restructuring and recapitalization of the Company being hereby acknowledged and
affirmed;
RESOLVED, that each of the Authorized Officers be, and hereby is,
authorized and empowered on behalf of, and in the name of, the Company, to
retain and employ other attorneys, investment bankers, accountants, and other
professionals to assist in the Company's Chapter 11 case on such terms as such
Authorized Officer deems necessary or proper.
<PAGE> 4
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
corporate seal of the Company this 9th day of August, 1999.
FPS V, INC.
/s/ DENNIS A. KUNETKA
--------------------------------------
Dennis A. Kunetka
Chief Financial Officer
<PAGE> 1
EXHIBIT 2.3
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
FORM B1 UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF TEXAS VOLUNTARY PETITION
- -----------------------------------------------------------------------------------------------------------------------------------
Name of Debtor (If individual, enter Last, First, Middle): Name of Joint Debtor (Spouse) (Last, First, Middle):
FPS III, Inc.
a Delaware Corporation
- -----------------------------------------------------------------------------------------------------------------------------------
All Other Names Used by the Debtor in the last 6 years All Other Names Used by the Joint Debtor in the last 6 years
(include married, maiden, and trade names): (include married, maiden, and trade names):
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
Soc. Sec./Tax I.D. No. (if more than one, state all): Soc. Sec./Tax I.D. No. (if more than one, state all):
76-051-4759
- -----------------------------------------------------------------------------------------------------------------------------------
Street Address of Debtor (No. & Street, City, State & Zip Code): Street Address of Joint Debtor (No. & Street, City, State
600 Travis, Suite 7500 & Zip Code):
Houston TX 77002
- -----------------------------------------------------------------------------------------------------------------------------------
County of Residence or of the County of Residence or of the
Principal Place of Business: Harris Principal Place of Business:
- -----------------------------------------------------------------------------------------------------------------------------------
Mailing Address of Debtor (if different from street address): Mailing Address of Joint Debtor (if different from street
SAME address):
- -----------------------------------------------------------------------------------------------------------------------------------
Location of Principal Assets of Business Debtor
(if different from street address above): SAME 99-22402-C-11
- -----------------------------------------------------------------------------------------------------------------------------------
INFORMATION REGARDING THE DEBTOR (CHECK THE APPLICABLE BOXES)
- -----------------------------------------------------------------------------------------------------------------------------------
VENUE (Check any applicable box)
[X] Debtor has been domiciled or has had a residence, principal place of business, or principal assets in the District for 180 days
immediately preceding the date of this petition or for a longer part of such 180 days than in any other District.
[ ] There is a bankruptcy case concerning the debtor's affiliate, general partner, or partnership pending in this District.
- -----------------------------------------------------------------------------------------------------------------------------------
TYPE OF DEBTOR (Check all boxes that apply) CHAPTER OR SECTION OF THE BANKRUPTCY CODE UNDER WHICH
THE PETITION IS FILED (Check one box)
[ ] Individual(s) [ ] Railroad
[X] Corporation [ ] Stockbroker [ ] Chapter 7 [X] Chapter 11 [ ] Chapter 13
[ ] Partnership [ ] Commodity Broker [ ] Chapter 9 [ ] Chapter 12
[] Other [ ] Sec.304 - Case ancillary to foreign proceeding
------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
NATURE OF DEBTS (Check one box) FILING FEE (Check one box)
[ ] Consumer/Non-Business [X} Business [X] Full Filing Fee attached
- -------------------------------------------------------------------- [ ] Filing Fee to be paid in installments (Applicable to
CHAPTER 11 SMALL BUSINESS (Check all boxes that apply) individuals only)
Must attach signed application for the court's
[ ] Debtor is a small business as defined in 11 U.S.C. Section 101 consideration certifying that the debtor is unable to
[ ] Debtor is and elects to be considered a small business under pay fee except in installments.
11 U.S.C. Section 1121(e) (Optional) Rule 1006(b). See Official Form No. 3.
----------------------------------------------------------------------------------------------------------------------------------
STATISTICAL/ADMINISTRATIVE INFORMATION (Estimates only) See Attachement 1 THIS SPACE IS FOR COURT USE ONLY
[X] Debtor estimates that funds will be available for distribution to unsecured creditors.
[ ] Debtor estimates that, after any exempt property is excluded and administrative expenses UNITED STATES
paid, there will be no funds available for distribution to unsecured creditors. BANKRUPTCY COURT
- --------------------------------------------------------------------------------------------
1-15 16-49 50-99 100-199 200-999 1000-over
Estimated Number of Creditors [X] [ ] [ ] [ ] [ ] [ ] AUG 09 1999
- --------------------------------------------------------------------------------------------
Estimated Assets See Attachment 1
$ 0 to $50,001 to $100,001 to $500,001 to $1,000,001 to $10,000,001 to $50,000,001 to More than
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]
- -----------------------------------------------------------------------------------------------------------
Estimated Debts
$ 0 to $50,001 to $100,001 to $500,001 to $1,000,001 to $10,000,001 to $50,000,001 to More than
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[ ] [ ] [ ] [ ] [ ] [ ] [X] [ ]
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PETITION Name of Debtor(s): FORM B1, PAGE 2
(This page must be completed and filed in every case) FPS III, Inc.,
a Delaware Corporation
- -----------------------------------------------------------------------------------------------------------------------------------
PRIOR BANKRUPTCY CASE FILED WITHIN LAST 6 YEARS (IF MORE THAN ONE ATTACH ADDITIONAL SHEET)
- -----------------------------------------------------------------------------------------------------------------------------------
Location Where Filed: Case Number: Date Filed:
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
PENDING BANKRUPTCY CASES FILED BY ANY SPOUSE, PARTNER OR AFFILIATE OF THE DEBTOR [ILLEGIBLE]
- -----------------------------------------------------------------------------------------------------------------------------------
Name of Debtor: Case Number: Date Filed:
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
District: Relationship: Judge:
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURES
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (INDIVIDUAL/JOINT) SIGNATURE OF DEBTOR (CORPORATION/PARTNERSHIP)
I declare under penalty of perjury that the information I declare under penalty of perjury that the information
provided in this petition is true and correct. provided in this petition is true and correct, and that I have
[If petitioner is an individual whose debts are primarily been authorized to file this petition on behalf of the debtor.
consumer debts and has chosen to file under chapter 7] I am
aware that I may proceed under chapter 7, 11, 12, or 13 of
title 11, United States Code, understand the relief
available under each such chapter, and choose to proceed
under chapter 7. I request relief in accordance with the
chapter of title 11, United States Code, specified in
this petition.
X X /s/ DENNIS A. KUNETKA
------------------------------------------------------------ ------------------------------------------------------------
Signature of Debtor Signature of Authorized Individual
X Dennis Kunetka
------------------------------------------------------------ ------------------------------------------------------------
Signature of Joint Debtor Printed Name of Authorized Individual
Officer
------------------------------------------------------------ ------------------------------------------------------------
Telephone Number (if not represented by attorney) Title of Authorized Individual
8/9/1999
------------------------------------------------------------ ------------------------------------------------------------
Date Date
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE OF ATTORNEY SIGNATURE OF NON-ATTORNEY PETITION PREPARER
X /s/ JAN ABELL I certify that I am a bankruptcy petition preparer as defined
------------------------------------------------------------ in II U.S.C. Section 110, that I prepared this document for
Signature of Attorney for Debtor(s) compensation, and that I have provided the debtor with a copy
of this document.
Jan M. Abell
------------------------------------------------------------
Printed Name of Attorney for Debtor(s)
Akin, Gump, Strauss, Hauer & Feld, L.L.P.
------------------------------------------------------------ ------------------------------------------------------------
Firm Name Printed Name of Bankruptcy Petition Preparer
711 Louisiana, Suite 1900
------------------------------------------------------------ ------------------------------------------------------------
Address Social Security Number
------------------------------------------------------------ ------------------------------------------------------------
Address
Houston TX 77002
------------------------------------------------------------ ------------------------------------------------------------
(713) 220-5800 8/9/1999
-------------------------- ------------------------------- ------------------------------------------------------------
Telephone Number Date
- ------------------------------------------------------------- Names and Social Security numbers of all other individuals
EXHIBIT A who prepared or assisted in preparing this document:
(To be completed if debtor is required to file periodic
reports (e.g., forms 10K and 10Q) with the Securities and
Exchange Commission pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and is requesting relief
under chapter 11)
[ ] Exhibit A is attached and made a part of this petition.
- -------------------------------------------------------------
EXHIBIT B If more than one person prepared this document, attach
(To be completed if debtor is an individual additional sheets conforming to the appropriate official form
whose debts are primarily consumer debts) for each person.
I, the attorney for the petitioner named in the foregoing
petition, declare than I have informed the petitioner that X
(he or she) may proceed under chapter 7, 11, 12, or 13 of -----------------------------------------------------------
title 11, United States Code, and have explained the relief Signature of Bankruptcy Petition Preparer
available under each such chapter.
-----------------------------------------------------------
Date
X
------------------------------------------------------------ A bankruptcy petition preparer's failure to comply with the
Signature of Attorney for Debtor(s) provisions of title 11 and the Federal Rules of Bankruptcy
Procedure may result in fines or imprisonment or both
------------------------------------------------------------ 11 U.S.C. Section 110; 18 U.S.C. Section 156.
Date
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
ATTACHMENT 1
Estimated Assets
FPS III, Inc. ("FPS III"), the parent of RIGCO North Amercia, L.L.C. ("RIGCO"),
has no other assets other than its 50% interest in RIGCO. As of the Petition
Date, this interest has an indeterminable value.
Statistical/Administrative Information
As of the Petition Date, it is not possible to estimate whether funds will be
available for distribution.
1
<PAGE> 4
WRITTEN CONSENT
OF THE
SOLE STOCKHOLDER
OF
FPS III, INC.
IN LIEU OF A SPECIAL MEETING
The undersigned stockholder (the "Stockholder") of FPS III, Inc., a
Delaware corporation (the "Corporation"), pursuant to Section 228 of the
Delaware General Corporation Law (the "DGCL"), agree that upon execution of
this consent (this "Consent"), the following resolutions shall be deemed to be
adopted effective as of the date hereof:
RESOLVED, that in the judgment of the Stockholder, it is in the best
interests of the Company, its creditors, partners, employees and other
interested parties that a petition be filed by the Company seeking relief under
the provisions of Chapter 11 of Title 11 of the United States Code (the
"Bankruptcy Code");
RESOLVED, that Thomas P. Tatham, as Chief Executive Officer, and Dennis
A. Kunetka, as Chief Financial Officer (each an "Authorized Officer" and
collectively the "Authorized Officers"), are, and each of them is, hereby
authorized and empowered on behalf of, and in the name of, the Company to
execute and verify or certify a petition under Chapter 11 of the Bankruptcy Code
and to cause the same to be filed in the United States Bankruptcy Court for the
Southern District of Texas, Corpus Christi Division at such time as said officer
executing the same shall determine;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company to execute and file all petitions, schedules, lists,
and other papers, and to take any and all actions that any of the Authorized
Officers may deem necessary or proper in connection with the Chapter 11 case;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company, to execute any and all plans of reorganization
under Chapter 11 of the Bankruptcy Code, including any and all modifications,
supplements, and amendments thereto, in such form and containing such terms as
the Stockholder shall hereafter approve, and to cause the same to be filed in
the United States Bankruptcy Court for the Southern District of Texas, Corpus
Christi Division at such time as said officer executing the same shall
determine;
RESOLVED, that the law firm of Akin, Gump, Strauss, Hauer & Feld L.L.P.
be employed as counsel for the Company in the Company's Chapter 11 case under a
general retainer; the previously approved engagement of Akin, Gump, Strauss,
Hauer & Feld L.L.P. as legal counsel in connection with the potential
restructuring and recapitalization of the Company being hereby acknowledged and
affirmed;
RESOLVED, that each of the Authorized Officers be, and hereby is,
authorized and empowered on behalf of, and in the name of, the Company, to
retain and employ other attorneys, investment bankers, accountants, and other
professionals to assist in the Company's Chapter 11 case on such terms as such
Authorized Officer deems necessary or proper.
<PAGE> 5
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
corporate seal of the Company this 9th day of August, 1999.
DEEPFLEX PRODUCTION SERVICES, INC.
/s/ DENNIS A. KUNETKA
----------------------------------
Dennis A. Kunetka
Chief Financial Officer
<PAGE> 6
WRITTEN CONSENT
OF THE
BOARD OF DIRECTORS
OF
FPS III, INC.
IN LIEU OF A SPECIAL MEETING
The undersigned, being all of the members of the Board of Directors
(the "Board") of FPS III, Inc., a Delaware corporation (the "Company"), in
accordance with the authority contained in Section 141(f) of the General
Corporation Law of the State of Delaware, do hereby consent to the following
actions of this Company with the same force and effect as though the following
resolution was adopted at a Special Meeting of the Board duly called and held:
RESOLVED, that in the judgment of the Board, it is in the best
interests of the Company, its creditors, partners, employees and other
interested parties that a petition be filed by the Company seeking relief under
the provisions of Chapter 11 of Title 11 of the United States Code (the
"Bankruptcy Code");
RESOLVED, that Thomas P. Tatham, as Chief Executive Officer, and Dennis
A. Kunetka, as Chief Financial Officer (each an "Authorized Officer" and
collectively the "Authorized Officers"), are, and each of them is, hereby
authorized and empowered on behalf of, and in the name of, the Company to
execute and verify or certify a petition under Chapter 11 of the Bankruptcy Code
and to cause the same to be filed in the United States Bankruptcy Court for the
Southern District of Texas, Corpus Christi Division at such time as said officer
executing the same shall determine;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company to execute and file all petitions, schedules, lists,
and other papers, and to take any and all actions that any of the Authorized
Officers may deem necessary or proper in connection with the Chapter 11 case;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company, to execute any and all plans of reorganization
under Chapter 11 of the Bankruptcy Code, including any and all modifications,
supplements, and amendments thereto, in such form and containing such terms as
the Board shall hereafter approve, and to cause the same to be filed in the
United States Bankruptcy Court for the Southern District of Texas, Corpus
Christi Division at such time as said officer executing the same shall
determine;
RESOLVED, that the law firm of Akin, Gump, Strauss, Hauer & Feld L.L.P.
be employed as counsel for the Company in the Company's Chapter 11 case under a
general retainer; the previously approved engagement of Akin, Gump, Strauss,
Hauer & Feld L.L.P. as legal counsel in connection with the potential
restructuring and recapitalization of the Company being hereby acknowledged and
affirmed;
RESOLVED, that each of the Authorized Officers be, and hereby is,
authorized and empowered on behalf of, and in the name of, the Company, to
retain and employ other attorneys, investment bankers, accountants, and other
professionals to assist in the Company's Chapter 11 case on such terms as such
Authorized Officer deems necessary or proper.
<PAGE> 7
IN WITNESS WHEREOF, the undersigned have set their hands effective as
of the 9th of August, 1999.
/s/ THOMAS P. TATHAM
----------------------------------
Thomas P. Tatham
/s/ HARVEY O. FLEISHER
----------------------------------
Harvey O. Fleisher
<PAGE> 1
EXHIBIT 2.4
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
FORM B1 UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF TEXAS VOLUNTARY PETITION
- -----------------------------------------------------------------------------------------------------------------------------------
Name of Debtor (if individual, enter Last, First, Middle): Name of Joint Debtor (Spouse) (Last, First, Middle):
FPS V, Inc.,
a Delaware Corporation
- -----------------------------------------------------------------------------------------------------------------------------------
All Other Names used by the Debtor in the last 6 years All Other Names used by the Joint Debtor in the last 6 years
(include married, maiden, and trade names): (include married, maiden, and trade names):
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
Soc. Sec./Tax I.D. No. (if more than one, state all): Soc. Sec./Tax I.D. No. (if more than one, state all):
76-051-4764
- -----------------------------------------------------------------------------------------------------------------------------------
Street Address of Debtor (No. & Street, City, State & Zip Code): Street Address of Joint Debtor (No. & Street, City, State
600 Travis, Suite 7500 & Zip Code):
Houston TX 77002
- -----------------------------------------------------------------------------------------------------------------------------------
County of Residence or of the County of Residence or of the
Principal Place of Business: Harris Principal Place of Business:
- -----------------------------------------------------------------------------------------------------------------------------------
Mailing Address of Debtor (if different from street address): Mailing Address of Joint Debtor (if different from street
SAME address):
- -----------------------------------------------------------------------------------------------------------------------------------
Location of Principal Assets of Business Debtor
(if different from street address above): SAME 99-22404-C-11
- -----------------------------------------------------------------------------------------------------------------------------------
INFORMATION REGARDING THE DEBTOR (CHECK THE APPROPRIATE BOXES)
- -----------------------------------------------------------------------------------------------------------------------------------
VENUE (Check any applicable box)
[X] Debtor has been domiciled or has had a residence, principal place of business, or principal assets in the District for 180 days
immediately preceding the date of this petition or for a longer part of such 180 days than in any other District.
[ ] There is a bankruptcy case concerning the debtor's affiliate, general partner, or partnership pending in this District.
- -----------------------------------------------------------------------------------------------------------------------------------
TYPE OF DEBTOR (Check all boxes that apply) CHAPTER OR SECTION OF THE BANKRUPTCY CODE UNDER WHICH
THE PETITION IS FILED (Check one box)
[ ] Individual(s) [ ] Railroad
[X] Corporation [ ] Stockbroker [ ] Chapter 7 [X] Chapter 11 [ ] Chapter 13
[ ] Partnership [ ] Commodity Broker [ ] Chapter 9 [ ] Chapter 12
[ ] Other [ ] Sec.304 - Case ancillary to foreign proceeding
------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
NATURE OF DEBTS (Check one box) FILING FEE (Check one box)
[ ] Consumer/Non-Business [X} Business [X] Full Filing Fee attached
- -------------------------------------------------------------------- [ ] Filing fee to be paid in installments (Applicable to
CHAPTER 11 SMALL BUSINESS (Check all boxes that apply) individuals only)
Must attach signed application for the courts
[ ] Debtor is a small business as defined in 11 U.S.C. Section 101 consideration certifying that the debtor is unable to
[ ] Debtor is and elects to be considered a small business under pay fee except in installments.
11 U.S.C. Section 1121(e) (Optional) Rule 1006(b). See Official Form No. 3.
----------------------------------------------------------------------------------------------------------------------------------
STATISTICAL/ADMINISTRATIVE INFORMATION (Estimates only) See Attachment 1 THIS SPACE IS FOR COURT USE ONLY
[ ] Debtor estimates that funds will be available for distribution to unsecured creditors.
[ ] Debtor estimates that, after any exempt property is excluded and administrative expenses AUG 9 1999
paid, there will be no funds available for distribution to unsecured creditors.
- -------------------------------------------------------------------------------------------- UNITED STATES
1-15 16-49 50-99 100-199 200-999 1000-over BANKRUPTCY COURT
Estimated Number of Creditors [X] [ ] [ ] [ ] [ ] [ ]
- --------------------------------------------------------------------------------------------
Estimated Assets See Attachment 1
$ 0 to $50,001 to $100,001 to $500,001 to $1,000,001 to $10,000,001 to $50,000,001 to More than
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [ ]
- -----------------------------------------------------------------------------------------------------------
Estimated Debts
$ 0 to $50,001 to $100,001 to $500,001 to $1,000,001 to $10,000,001 to $50,000,001 to More than
$50,000 $100,000 $500,000 $1 million $10 million $50 million $100 million $100 million
[ ] [ ] [ ] [ ] [ ] [ ] [ ] [X]
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 2
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------------------
VOLUNTARY PETITION Name of Debtor(s): FORM B1, PAGE 2
(This page must be completed and filed in every case) FPS V, Inc.,
a Delaware Corporation
- -----------------------------------------------------------------------------------------------------------------------------------
PRIOR BANKRUPTCY CASE FILED WITHIN LAST 6 YEARS (IF MORE THAN ONE ATTACH ADDITIONAL SHEET)
- -----------------------------------------------------------------------------------------------------------------------------------
Location Where Filed: Case Number: Date Filed:
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
PENDING BANKRUPTCY CASES FILED BY ANY SPOUSE, PARTNER OR AFFILIATE OF THE DEBTOR [ILLEGIBLE]
- -----------------------------------------------------------------------------------------------------------------------------------
Name of Debtor: Case Number: Date Filed:
NONE
- -----------------------------------------------------------------------------------------------------------------------------------
District: Relationship: Judge:
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURES
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE(S) OF DEBTOR(S) (INDIVIDUAL/JOINT) SIGNATURE OF DEBTOR (CORPORATION/PARTNERSHIP)
I declare under penalty of perjury that the information I declare under penalty of perjury that the information
provided in this petition is true and correct. provided in this petition is true and correct, and that I have
[If petitioner is an individual whose debts are primarily been authorized to file this petition on behalf of the debtor.
consumer debts and has chosen to file under chapter 7] I am
aware that I may proceed under chapter 7, 11, 12, or 13 of
title 11, United States Code, understand the relief
available under each such chapter, and choose to proceed under
chapter 7. I request relief in accordance with the chapter
of title 11, United States Code, specified in this petition.
X X /s/ DENNIS KUNETKA
------------------------------------------------------------ ------------------------------------------------------------
Signature of Debtor Signature of Authorized Individual
X Dennis A. Kunetka
------------------------------------------------------------ ------------------------------------------------------------
Signature of Joint Debtor Printed Name of Authorized Individual
Officer
------------------------------------------------------------ ------------------------------------------------------------
Telephone Number (if not represented by attorney) Title of Authorized Individual
8/9/1999
------------------------------------------------------------ ------------------------------------------------------------
Date Date
- -----------------------------------------------------------------------------------------------------------------------------------
SIGNATURE OF ATTORNEY SIGNATURE OF NON-ATTORNEY PETITION PREPARER
X /s/ JAN ABELL I certify that I am a bankruptcy petition preparer as defined
------------------------------------------------------------ in II U.S.C. Section 110, that I prepared this document for
Signature of Attorney for Debtor(s) compensation, and that I have provided the debtor with a copy
of this document.
Jan M. Abell
------------------------------------------------------------ The debtor requests relief in accordance with the chapter of
Printed Name of Attorney for Debtor(s) title 11, United States Code, specified in this petition.
Akin, Gump, Strauss, Hauer & Feld, L.L.P.
------------------------------------------------------------ ------------------------------------------------------------
Firm Name Printed Name of Bankruptcy Petition Preparer
711 Louisiana, Suite 1900
------------------------------------------------------------ ------------------------------------------------------------
Address Social Security Number
------------------------------------------------------------ ------------------------------------------------------------
Address
Houston TX 77002
------------------------------------------------------------ ------------------------------------------------------------
(713) 220-5800 8/9/1999
-------------------------- ------------------------------- ------------------------------------------------------------
Telephone Number Date
- ------------------------------------------------------------- Names and Social Security numbers of all other individuals
EXHIBIT A who prepared or assisted in preparing this document:
(To be completed if debtor is required to file periodic
reports (e.g., forms 10K and 10Q) with the Securities and
Exchange Commission pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 and is requesting relief
under chapter 11)
[ ] Exhibit A is attached and made a part of this petition.
- -------------------------------------------------------------
EXHIBIT B If more than one person prepared this document, attach
(To be completed if debtor is an individual additional sheets conforming to the appropriate official form
whose debts are primarily consumer debts) for each person.
I, the attorney for the petitioner named in the foregoing
petition, declare that I have informed the petitioner that X
(he or she) may proceed under chapter 7, 11, 12, or 13 of -----------------------------------------------------------
title 11, United States Code, and have explained the relief Signature of Bankruptcy Petition Preparer
available under each such chapter.
-----------------------------------------------------------
Date
X
------------------------------------------------------------ A bankruptcy petition preparer's failure to comply with the
Signature of Attorney for Debtor(s) provisions of title 11 and the Federal Rules of Bankruptcy
Procedure may result in fines or imprisonment or both
------------------------------------------------------------ 11 U.S.C. Section 110; 18 U.S.C. Section 156.
Date
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 3
ATTACHMENT 1
Estimated Assets
FPS V, Inc. ("FPS V") is the parent of RIGCO North America, L.L.C. ("RIGCO") and
FPS VI, L.L.C. FPS V's only assets consist of its 50% interest in RIGCO and its
100% interest in FPS VI. As of the Petition Date, these interests have an
indeterminable value.
Statistical/Administrative Information
As of the Petition Date, it is not possible to estimate whether funds will be
available for distribution.
1
<PAGE> 4
WRITTEN CONSENT
OF THE
SOLE STOCKHOLDER
OF
FPS V, INC.
IN LIEU OF A SPECIAL MEETING
*****
The undersigned stockholder (the "Stockholder") of FPS V, Inc., a
Delaware corporation (the "Corporation"), pursuant to Section 228 of the
Delaware General Corporation Law (the "DGCL"), agree that upon execution of this
consent (the "Consent"), the following resolutions shall be deemed to be adopted
effective as of the date hereof:
RESOLVED, that in the judgment of the Stockholder, it is in the best
interests of the Company, its creditors, partners, employees and other
interested parties that a petition be filed by the Company seeking relief under
the provisions of Chapter 11 of Title 11 of the United States Code (the
"Bankruptcy Code");
RESOLVED, that Thomas P. Tatham, as Chief Executive Officer, and Dennis
A. Kunetka, as Chief Financial Officer (each an "Authorized Officer" and
collectively the "Authorized Officers"), are, and each of them is, hereby
authorized and empowered on behalf of, and in the name of, the Company to
execute and verify or certify a petition under Chapter 11 of the Bankruptcy Code
and to cause the same to be filed in the United States Bankruptcy Court for the
Southern District of Texas, Corpus Christi Division at such time as said officer
executing the same shall determine;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company to execute and file all petitions, schedules, lists,
and other papers, and to take any and all actions that any of the Authorized
Officers may deem necessary or proper in connection with the Chapter 11 case;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company, to execute any and all plans of reorganization
under Chapter 11 of the Bankruptcy Code, including any and all modifications,
supplements, and amendments thereto, in such form and containing such terms as
the Stockholder shall hereafter approve, and to cause the same to be filed in
the United States Bankruptcy Court for the Southern District of Texas, Corpus
Christi Division at such time as said officer executing the same shall
determine;
RESOLVED, that the law firm of Akin, Gump, Strauss, Hauer & Feld L.L.P.
be employed as counsel for the Company in the Company's Chapter 11 case under a
general retainer; the previously approved engagement of Akin, Gump, Strauss,
Hauer & Feld L.L.P. as legal counsel in connection with the potential
restructuring and recapitalization of the Company being hereby acknowledged and
affirmed;
RESOLVED, that each of the Authorized Officers be, and hereby is,
authorized and empowered on behalf of, and in the name of, the Company, to
retain and employ other attorneys, investment bankers, accountants, and other
professionals to assist in the Company's Chapter 11 case on such terms as such
Authorized Officer deems necessary or proper.
<PAGE> 5
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
corporate seal of the Company this 9th day of August, 1999.
DEEPFLEX PRODUCTION SERVICES, INC.
/s/ DENNIS A. KUNETKA
----------------------------------
Dennis A. Kunetka
Chief Financial Officer
<PAGE> 6
WRITTEN CONSENT
OF THE
BOARD OF DIRECTORS
OF
FPS V, INC.
IN LIEU OF A SPECIAL MEETING
The undersigned, being all of the members of the Board of Directors
(the "Board") of FPS V, Inc., a Delaware corporation (the "Company"), in
accordance with the authority contained in Section 141(f) of the General
Corporation Law of the State of Delaware, do hereby consent to the following
actions of this Company with the same force and effect as though the following
resolution was adopted at a Special Meeting of the Board duly called and held:
RESOLVED, that in the judgment of the Board, it is in the best
interests of the Company, its creditors, partners, employees and other
interested parties that a petition be filed by the Company seeking relief under
the provisions of Chapter 11 of Title 11 of the United States Code (the
"Bankruptcy Code");
RESOLVED, that Thomas P. Tatham, as Chief Executive Officer, and Dennis
A. Kunetka, as Chief Financial Officer (each an "Authorized Officer" and
collectively the "Authorized Officers"), are, and each of them is, hereby
authorized and empowered on behalf of, and in the name of, the Company to
execute and verify or certify a petition under Chapter 11 of the Bankruptcy Code
and to cause the same to be filed in the United States Bankruptcy Court for the
Southern District of Texas, Corpus Christi Division at such time as said officer
executing the same shall determine;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company to execute and file all petitions, schedules, lists,
and other papers, and to take any and all actions that any of the Authorized
Officers may deem necessary or proper in connection with the Chapter 11 case;
RESOLVED, that each of the Authorized Officers, and such other officers
of the Company as any of the Authorized Officers shall, from time to time,
designate, be, and they hereby are, authorized and empowered on behalf of, and
in the name of, the Company, to execute any and all plans of reorganization
under Chapter 11 of the Bankruptcy Code, including any and all modifications,
supplements, and amendments thereto, in such form and containing such terms as
the Board shall hereafter approve, and to cause the same to be filed in the
United States Bankruptcy Court for the Southern District of Texas, Corpus
Christi Division at such time as said officer executing the same shall
determine;
RESOLVED, that the law firm of Akin, Gump, Strauss, Hauer & Feld L.L.P.
be employed as counsel for the Company in the Company's Chapter 11 case under a
general retainer; the previously approved engagement of Akin, Gump, Strauss,
Hauer & Feld L.L.P. as legal counsel in connection with the potential
restructuring and recapitalization of the Company being hereby acknowledged and
affirmed;
RESOLVED, that each of the Authorized Officers be, and hereby is,
authorized and empowered on behalf of, and in the name of, the Company, to
retain and employ other attorneys, investment bankers, accountants, and other
professionals to assist in the Company's Chapter 11 case on such terms as such
Authorized Officer deems necessary or proper.
<PAGE> 7
IN WITNESS WHEREOF, the undersigned have set their hands effective as
of the 9th day of August, 1999.
/s/ THOMAS P. TATHAM
----------------------------------
Thomas P. Tatham
/s/ HARVEY O. FLEISHER
----------------------------------
Harvey O. Fleisher
<PAGE> 1
EXHIBIT 99.1
[RIGCO NORTH AMERICA, L.L.C. LETTERHEAD]
PRESS RELEASE
FOR IMMEDIATE RELEASE CONTACT: DENNIS A. KUNETKA
(713) 224-7400
TATHAM OFFSHORE, INC. SUBSIDIARIES
FILE CHAPTER 11 VOLUNTARY PROCEEDING
Houston, Texas (August 10, 1999) - On August 9, 1999, certain subsidiaries (the
"Debtors") of Tatham Offshore, Inc. (OTC: TOFF) filed voluntary petitions for
relief under Chapter 11, Title 11 of the United States Bankruptcy Code in the
United States Bankruptcy Court for the Southern District of Texas, Corpus
Christi Division. The Debtors, which own substantially all of the operating
assets of Tatham Offshore, are RIGCO North America, L.L.C. ("RIGCO") and FPS VI,
L.L.C. ("FPS VI"), which own two semisubmersible drilling rigs - the Bill
Shoemaker (the "Shoemaker") and the Laffit Pincay (the "Pincay") - and certain
related assets, and FPS III, Inc. and FPS V, Inc., their direct parent
companies. The Debtors are operating their businesses and managing their
property as debtors in possession and no trustee or examiner has been appointed.
On July 26, 1999, RIGCO filed a petition in the 165th Judicial District Court
in Harris County, Texas, alleging more than $51 million in actual damages
against Schlumberger Technology Corporation and Schlumberger Canada, Ltd.
(collectively, "Schlumberger") for claims arising out of Schlumberger's
marketing, manning, management and operation of the Shoemaker and Pincay
pursuant to certain charter, make-ready and other agreements and arrangements.
The allegations include claims of gross negligence, breach of contract, fraud,
negligent misrepresentation and negligence. RIGCO is seeking an unspecified
amount of exemplary damages. RIGCO and FPS VI have alleged in bankruptcy court
proceedings that the manner in which Schlumberger performed its duties with
respect to the Shoemaker and Pincay during the course of the management and
charter agreements resulted in the Debtors' financial difficulties and caused
Debtors to default on their secured debt obligations.
Tatham Offshore, Inc. is an independent energy company currently pursuing
energy related opportunities in Atlantic Canada and providing contract drilling
services.
