<PAGE>
CUSIP NO. 582445102
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OMB APPROVAL
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OMB Number:. . . . . . . .3235-0145
Expires: . . . . . October 31, 1994
Estimated average
burden hours per form. . . . .14.90
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 6)*
MCMORAN OIL & GAS
- -------------------------------------------------------------------------------
Name of Issuer
COMMON STOCK
- -------------------------------------------------------------------------------
(Title of Class of Securities)
582445102
- -------------------------------------------------------------------------------
CUSIP Number
BOB GREENWOOD: ROBERTSON, STEPHENS & COMPANY
555 CALIFORNIA STREET, SUITE 2600, SAN FRANCISCO, CA 94104
(415) 781-9700
- -------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications
JULY 31, 1997
- -------------------------------------------------------------------------------
Date of Event which Requires Filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ]. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class).
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section
of the act but shall be subject to all other provisions of the Act (however,
see the Notes).
<PAGE>
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP NO. 582445102 PAGE 2 0F 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
The Robertson Stephens Contrarian Fund
Tax I.D. 94-3174915
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 500,000
REPORTING --------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
500,000
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
500,000
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
3.6%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
IV
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
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SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 582445102 PAGE 3 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company, Incorporated
Tax I.D. 94-3172874 See Exhibit A for a list of Executive Officers
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 777,500 (Includes shares held of record by
REPORTING The Robertson Stephens Contrarian and
PERSON WITH Orphan Funds of which Robertson, Stephens &
Co. Investment Management, L.P. is
investment manager. Robertson Stephens &
Company, Inc. is General Partner of
Robertson, Stephens & Co. Investment
Management, L.P. See Item 5.)
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
777,500
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
777,500
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
5.5%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 4 OF 16
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP NO. 582445102 PAGE 4 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens Orphan Fund L.P.
Tax I.D. 94-3108651
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 275,000
REPORTING --------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
275,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
275,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
1.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 5 OF 16
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SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 582445102 PAGE 5 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Bayview Investors
Tax I.D. 94-3108651
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 275,000 (Includes shares held of record by
REPORTING The Robertson Stephens Orphan Fund of which
PERSON WITH Robertson, Stephens & Co. Investment
Management, L.P. and Bayview Investors, Ltd.
are the General Partners. See Item 5.)
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
275,000
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
275,000
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
1.9%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 6 OF 16
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SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 582445102 PAGE 6 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company, Orphan Offshore Fund
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 2,500
REPORTING --------------------------------------------------
PERSON WITH 9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
2,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
.02%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 7 OF 16
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 582445102 PAGE 7 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Robertson, Stephens & Company Investment Management L.P.
Tax I.D. 94-3181687
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 777,500 Includes shares held of record by
REPORTING Robertson Stephens Contrarian Fund of which
PERSON WITH Robertson Stephens Investment Management
L.P. is investment adviser. Includes shares
held of record by the Robertson Stephens
Orphan Fund and Orphan Offshore Fund of which
Robertson Stephens Investment Management L.P.
is General Partner.
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
777,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
777,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
5.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
CO
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 8 OF 16
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 582445102 PAGE 8 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Paul Stephens
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
WC & PF
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 777,500 (Includes shares held of record by
REPORTING The Robertson Stephens Contrarian Fund of
PERSON WITH which Robertson, Stephens & Co. Investment
Management, L.P. is investment manager.
Robertson Stephens & Company, Inc. is
General Partner of Robertson, Stephens &
Co. Investment Management, L.P. See Item 5.)
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
777,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
777,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
5.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 9 OF 16
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP NO. 582445102 PAGE 9 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sanford Robertson
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 777,500 (Includes shares held of record by
REPORTING The Robertson Stephens Contrarian and Orphan
PERSON WITH Funds of which Robertson, Stephens & Co.
Investment Management, L.P. is investment
manager. Robertson Stephens & Company, Inc.
is General Partner of Robertson, Stephens &
Co. Investment Management, L.P. See Item 5.)
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
777,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
777,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
5.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 10 OF 16
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 582445102 PAGE 10 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael G. McCaffery
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 777,500 (Includes shares held of record by
REPORTING The Robertson Stephens Contrarian
PERSON WITH and Orphan Funds of which Robertson, Stephens
& Co. Investment Management, L.P. is
investment manager. Robertson Stephens &
Company, Inc. is General Partner of
Robertson, Stephens & Co. Investment
Management, L.P. See Item 5.)
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
777,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
777,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
5.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 11 OF 16
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 582445102 PAGE 11 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
G. Randy Hecht
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 777,500 (Includes shares held of record by
REPORTING The Robertson Stephens Contrarian and Orphan
PERSON WITH Funds of which Robertson, Stephens & Co.
Investment Management, L.P. is investment
manager. Robertson Stephens & Company, Inc.
is General Partner of Robertson, Stephens &
Co. Investment Management, L.P. See Item 5.)
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
777,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
777,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
5.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 12 OF 16
- -------------------------------------------------------------------------------
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP No. 582445102 PAGE 12 OF 20 PAGES
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kenneth R. Fitzsimmons
Tax I.D. ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER (a) / /
OF A GROUP (b) /X/
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO (Working Capital of Purchasing Funds) See Item 2.
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)
/ /
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED 8 SHARED VOTING POWER
BY EACH 777,500 (Includes shares held of record by
REPORTING The Robertson Stephens Contrarian and Orphan
PERSON WITH Funds of which Robertson, Stephens & Co.
Investment Management, L.P. is investment
manager. Robertson Stephens & Company, Inc.
is General Partner of Robertson, Stephens &
Co. Investment Management, L.P. See Item 5.)
--------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
--------------------------------------------------
10 SHARED DISPOSITIVE POWER
777,500
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
777,500
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
/ /
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENT BY AMOUNT IN ROW (11)
5.5%
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION
<PAGE>
CUSIP 582445102 PAGE 13 OF 16
ITEM 1. SECURITY AND ISSUER.
This Schedule 13D is filed with respect to the Common Stock of
McMoRan Oil & Gas (the "Company").
ITEM 2: IDENTITY AND BACKGROUND.
The Schedule 13D is filed on behalf of The Robertson Stephens
Contrarian Fund, Robertson, Stephens & Company, Inc. ("RS&Co., Inc."), and
RS&Co., Inc.'s five shareholders, Messrs. Sanford R. Robertson, Paul H.
Stephens, Michael G. McCaffery, G. Randy Hecht, and Kenneth R. Fitzsimmons.
The sale of the Company's shares giving rise to this 13D were made by The
Robertson Stephens Contrarian Fund and Orphan Fund (the "Funds").
This Schedule 13D relates to the direct beneficial ownership in
the shares of the Company by the Fund, and the indirect beneficial ownership
in the shares of the Company held by the Funds. Messrs. Robertson, Stephens,
McCaffery, Hecht and Fitzsimmons disclaim any beneficial ownership with respect
to shares of the Company that RS&Co., Inc. may be deemed to be beneficially
own, are included in this Schedule 13D for protective disclosure purposes only,
and shall not be deemed by their inclusion in this Schedule 13D to have made
any admission that any such person has any beneficial interest in such shares.
Set forth below is the following information with respect to
the persons signing this Schedule 13D: name; place of organization; address
of principal business and office; principal business; information concerning
criminal convictions during the past five years; and information concerning
civil or administrative proceedings during the past five years with respect to
any state or federal securities laws.
I. (a) The Robertson Stephens Contrarian Fund, A Massachusetts Business
Trust. The Registered Investment Manager of The Robertson
Stephens Contrarian Fund is: Robertson, Stephens & Company
Investment Management, L.P. The General Partner of Robertson,
Stephens & Co. Investment Management, L.P. is Robertson,
Stephens & Company, Incorporated.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Business Trust, Registered Investment Company.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
II. (a) The Robertson Stephens Orphan Fund, A California Limited
Partnership. The Registered Investment Manager of The Robertson
Stephens Orphan Fund is: Robertson, Stephens & Company
Investment Management, L.P. The General Partner of Robertson,
Stephens & Company Investment Management, L.P. is Robertson,
Stephens & Company, Incorporated.
<PAGE>
CUSIP 582445102 PAGE 14 OF 16
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Limited Partnership.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
III. (a) Robertson, Stephens Orphan Offshore Fund, A Cayman Islands
Limited Partnership. Robertson Stephens Investment Management
L.P. is the General Partner of Robertson, Stephens Orphan
Offshore Fund.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Offshore Fund.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
IV. (a) Paul H. Stephens.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Paul H. Stephens is Managing Director and Chief Investment
Officer, and a shareholder, of Robertson, Stephens & Company,
Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
V. (a) Sanford R. Robertson.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Sanford R. Robertson is the Chairman of and a shareholder of
Robertson, Stephens & Company, Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VI. (a) Michael G. McCaffery.
<PAGE>
CUSIP 582445102 PAGE 15 OF 16
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Michael G. McCaffery is the President and Chief Executive
Officer, and a shareholder, of Robertson, Stephens &
Company, Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VII. (a) G. Randy Hecht.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) G. Randy Hecht is the Executive Vice President, Chief Operating
Officer, and shareholder of Robertson, Stephens & Company,
Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
VIII. (a) Kenneth R. Fitzsimmons.
(b) 555 California Street, Suite 2600
San Francisco, CA 94104
(c) Kenneth R. Fitzsimmons is the Managing Director, Director of
Capital Markets, and shareholder of Robertson, Stephens &
Company, Incorporated.
(d) No convictions in criminal proceedings.
(e) No civil or administrative proceedings.
ITEM 3: SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION:
The securities with respect to which this Schedule 13D is filed were
purchased by the Funds using working capital contributed by their respective
partners.
ITEM 4: PURPOSE OF TRANSACTION:
The securities with respect to which this Schedule 13D is filed were
purchased by the Funds in the ordinary course of investment and not with the
intention nor effect of changing or influencing control of the Issuer. The
reporting persons may sell all or part or acquire additional securities of the
Issuer depending on market conditions and other economic factors.
<PAGE>
CUSIP 582445102 PAGE 16 OF 16
ITEM 5: INTEREST IN SECURITIES OF THE ISSUER.
(a) (b) The aggregate number and percentage of the class of
securities identified pursuant to Item 1 of this Schedule 13D that are
beneficially owned by the persons listed in Item 2 are as follows:
<TABLE>
<CAPTION>
No. of Shares
Name of Beneficially Percentage of
Beneficial Owner Owned Class(1)
-----------------------------------------------------------------------------------
<S> <C> <C>
The Robertson Stephens Contrarian Fund 500,000(2) 3.6%
Robertson, Stephens & Company, Incorporated 777,500(4) 5.5%
Paul H. Stephens 777,500(5,6) 5.5%
Sanford R. Robertson 777,500(6) 5.5%
Michael G. McCaffery 777,500(6) 5.5%
G. Randy Hecht 777,500(6) 5.5%
Kenneth R. Fitzsimmons 777,500(6) 5.5%
The Robertson Stephens Orphan Fund 275,000(7) 1.9%
The Robertson Stephens Orphan Offshore Fund 2,500(8) .02%
Bayview Investors Ltd. 275,000(9) 1.9%
The Robertson Stephens Investment Mgmt L.P. 777,500(10) 5.5%
</TABLE>
(1) All percentages in this table are based, pursuant to Rule 13D-1(e) of
the Securities Exchange Act of 1934, as amended, on 14,076,539 shares of
Common Stock of the Issuer outstanding as of June 30, 1997.
(2) The Robertson Stephens Contrarian Fund, is a Registered Investment
Company. Robertson, Stephens & Co. Investment Management, L.P. is the
Registered Investment Manager for the Contrarian Fund. RS&Co., Inc. is
the General Partner of Robertson, Stephens & Co. Investment Management,
L.P.
(4) Robertson, Stephens & Company, Inc., a California Corporation, as
General Partner of the Contrarian Fund's Investment Adviser, Robertson
Stephens Investment Management L.P. , Inc., is deemed to have shared
dispositive power over 777,500 shares of the Company.
(5) Paul H. Stephens is the Chief Investment Officer of RS&Co., Inc. and as
such may be deemed to have shared voting power over 777,500 shares of
the Company held by the Funds.
(6) Disclaims beneficial ownership.
(7) Robertson Stephens Orphan Fund, is a California Limited Partnership.
<PAGE>
CUSIP 582445102 PAGE 17 OF 16
(8) Robertson Stephens Orphan Offshore Fund is a Cayman Islands Limited
Partnership.
(9) Bayview Investors Ltd. is a California Limited Partnership, as General
Partner of the Robertson Stephens Orphan Fund is deemed to have shared
dispositive power over 275,000 shares.
(10) Robertson Stephens Investment Management L.P. is a California Limited
Partnership, and as General Partner to the Orphan and Orphan Offshore Funds
and investment adviser to the Contrarian Fund is deemed to have shared
dispositive power over 777,500 shares.
(c) The following is a list of transactions by the filing parties
since the last filing:
<TABLE>
<CAPTION>
Entity Date Shares Price Transaction
------ ---- ------ ----- -----------
<S> <C> <C> <C> <C>
Contrarian 7/22/97 1,500 3.47 Open Mkt. Sell
Contrarian 7/23/97 3,100 3.47 Open Mkt. Sell
Contrarian 7/30/97 50,000 3.62 Open Mkt. Sell
Contrarian 7/31/97 200,000 3.84 Open Mkt. Sell
Contrarian 8/1/97 75,000 3.87 Open Mkt. Sell
Contrarian 8/5/97 50,000 3.91 Open Mkt. Sell
Contrarian 8/6/97 125,000 4.23 Open Mkt. Sell
Contrarian 8/29/97 96,900 4.01 Open Mkt. Sell
Orphan 8/6/97 125,000 4.23 Open Mkt. Sell
</TABLE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Please refer to Item 5.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
The following exhibits are filed herewith:
Exhibit A - Agreement of Joint Filing
<PAGE>
CUSIP 582445102 PAGE 18 OF 16
ITEM 8. SIGNATURE PAGE.
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: September 2, 1997
THE ROBERTSON STEPHENS CONTRARIAN FUND, A MASSACHUSETTS BUSINESS
TRUST.
By Robertson, Stephens & Company, Incorporated
By: PAUL H. STEPHENS*
----------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY, INCORPORATED
By: PAUL H. STEPHENS*
----------------
Paul H. Stephens
Managing Director and Chief Investment Officer
PAUL H. STEPHENS*
----------------
Paul H. Stephens
SANFORD R. ROBERTSON*
--------------------
Sanford R. Robertson
MICHAEL G. McCAFFERY*
--------------------
Michael G. McCaffery
G. RANDY HECHT*
--------------
G. Randy Hecht
KENNETH R. FITZSIMMONS*
----------------------
Kenneth R. Fitzsimmons
*By: _____________________________
Robert C. Greenwood
Pursuant to Power of Attorney
Previously Filed
<PAGE>
CUSIP 582445102 PAGE 19 OF 16
EXHIBIT A
AGREEMENT OF JOINT FILING
The undersigned hereby agree that they are filing jointly pursuant
to Rule 13d-1(f)(1) of the Act of the Statement dated May 2, 1994 containing
the information required by Schedule 13D, for the Common Stock of McMoRan
Oil & Gas held by The Robertson Stephens Contrarian Fund and Robertson,
Stephens & Company, Incorporated.
Dated: September 2, 1997
THE ROBERTSON STEPHENS CONTRARIAN FUND, A MASSACHUSETTS BUSINESS
TRUST.
By Robertson, Stephens & Company, Incorporated
By: PAUL H. STEPHENS*
----------------
Paul H. Stephens
Managing Director and Chief Investment Officer
THE ROBERTSON STEPHENS PARTNERS FUND, A MASSACHUSETTS BUSINESS
TRUST.
By Robertson, Stephens & Company, Incorporated
By: PAUL H. STEPHENS*
----------------
Paul H. Stephens
Managing Director and Chief Investment Officer
ROBERTSON, STEPHENS & COMPANY, INCORPORATED
By: PAUL H. STEPHENS*
----------------
Paul H. Stephens
Managing Director and Chief Investment Officer
PAUL H. STEPHENS*
----------------
Paul H. Stephens
SANFORD R. ROBERTSON*
--------------------
Sanford R. Robertson
MICHAEL G. McCAFFERY*
--------------------
Michael G. McCaffery
G. RANDY HECHT*
--------------
G. Randy Hecht
<PAGE>
CUSIP 582445102 PAGE 20 OF 16
KENNETH R. FITZSIMMONS*
----------------------
Kenneth R. Fitzsimmons
*By _____________________________
Robert C. Greenwood
Pursuant to Power of Attorney
Previously Filed
