WESTERN PACIFIC AIRLINES INC /DE/
SC 13D/A, 1996-06-17
AIR TRANSPORTATION, SCHEDULED
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<PAGE>   1
                     SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C.  20549

                                SCHEDULE 13D

                UNDER THE SECURITIES AND EXCHANGE ACT OF 1934
                              (AMENDMENT NO. 1)

                       Western Pacific Airlines, Inc.
- --------------------------------------------------------------------------------
                              (Name of Issuer)

                        Common Stock, $.001 par value
- --------------------------------------------------------------------------------
                       (Title of Class of Securities)

                                  959080102
- --------------------------------------------------------------------------------
                               (CUSIP Number)

                               Ivan Irwin, Jr.
                         Hunt Petroleum of Texas, Inc.
                           5000 Thanksgiving Tower
                            Dallas, Texas  75201
                               (214) 922-1010
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
                               Communications)

                                June 6, 1996
- --------------------------------------------------------------------------------
           (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 this 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 less than five percent 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 filed 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).

The Exhibit Index required by Rule 0-(c) is located at page 48 of this filing.

                     (Continued on the  following page(s))
                               Page 1 of 60 Pages
<PAGE>   2
<TABLE>
CUSIP NO. 959080102                  13D                     Page 2 of 60 Pages
 <S>                 <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Hunt Petroleum of Texas, Inc.
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     AF
- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Delaware
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    1,250,000
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      1,250,000
        WITH              ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     1,250,000
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     9.4%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   3
CUSIP NO. 959080102                  13D                     Page 3 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Tom Hunt, as trustee
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     AF

- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    0
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     83,200
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      0
        WITH
                          ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   83,200
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     83,200
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                               [x]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.6%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   4
CUSIP NO. 959080102                  13D                     Page 4 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     James L. Parker, as trustee
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     AF
- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    0
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     83,200
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      0
        WITH              ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   83,200
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     83,200
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [x]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.6%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   5
CUSIP NO. 959080102                  13D                     Page 5 of 60 Pages



<TABLE>
      <S>                <C>
- -----------------------------------------------------------------------------------------------------------------------
           1             NAME OF REPORTING PERSON
                         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                         Margaret Hunt Hill, as trustee
- -----------------------------------------------------------------------------------------------------------------------
           2             CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
           3             SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
           4             SOURCE OF FUNDS*

                         AF
- -----------------------------------------------------------------------------------------------------------------------
           5             CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
           6             CITIZENSHIP OR PLACE OF ORGANIZATION

                         Texas
- -----------------------------------------------------------------------------------------------------------------------
                           7       SOLE VOTING POWER
       NUMBER OF                   0
         SHARES           ---------------------------------------------------------------------------------------------
      BENEFICIALLY         8       SHARED VOTING POWER
        OWNED BY          
          EACH                     83,200
       REPORTING          ---------------------------------------------------------------------------------------------
         PERSON            9       SOLE DISPOSITIVE POWER
          WITH                     0
                          ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   83,200
- -----------------------------------------------------------------------------------------------------------------------
           11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                         83,200
- -----------------------------------------------------------------------------------------------------------------------
           12            CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [x]
- -----------------------------------------------------------------------------------------------------------------------
           13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                         0.6%
- -----------------------------------------------------------------------------------------------------------------------
           14            TYPE OF REPORTING PERSON*

                         IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   6
CUSIP NO. 959080102                  13D                     Page 6 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Ivan Irwin, Jr., individually and as trustee
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     PF, AF
- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Delaware
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    20,334
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      20,334
        WITH              ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     20,334
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.2%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   7
CUSIP NO. 959080102                  13D                     Page 7 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     James R. Wikert
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]

- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     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

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    216,500
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      216,500
        WITH              ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     216,500
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [x]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     1.6%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   8
CUSIP NO. 959080102                  13D                     Page 8 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Danny Bowlin, as trustee
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     AF
- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    50,400
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      50,400
        WITH              ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     50,400
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.4%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   9
CUSIP NO. 959080102                  13D                     Page 9 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     AGH Aviation, Ltd.
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (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

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    50,000
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      50,000
        WITH              ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     50,000
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.4%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     PN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   10
CUSIP NO. 959080102                  13D                     Page 10 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     AHT Financial, Inc.
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (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

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    40,000
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      40,000
        WITH
                          ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     40,000
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.3%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   11
CUSIP NO. 959080102                  13D                     Page 11 of 60 Pages



<TABLE>
 <S>                 <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Lyda Hill, as trustee
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
                     SEC USE ONLY
          3
- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     AF
- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    27,000
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      27,000
        WITH              ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     27,000
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [x]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.2%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   12
CUSIP NO. 959080102                  13D                     Page 12 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Heather Victoria Hill
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     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

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    4,000
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      4,000
        WITH              ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     4,000
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.7%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   13
CUSIP NO. 959080102                  13D                     Page 13 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Albert G. Hill, III
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     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

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    1,000
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      1,000
        WITH
                          ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     1,000
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.7%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   14
CUSIP NO. 959080102                  13D                     Page 14 of 60 Pages


<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Alinda Hill Wikert, individually and as custodian
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     PF, AF
- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                          7        SOLE VOTING POWER
      NUMBER OF                    4,800
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY          8        SHARED VOTING POWER
      OWNED BY                     0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING           9        SOLE DISPOSITIVE POWER
       PERSON                      4,800
        WITH              ---------------------------------------------------------------------------------------------
                          10       SHARED DISPOSITIVE POWER
                                   0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     4,800
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [x]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.0%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   15
CUSIP NO. 959080102                  13D                     Page 15 of 60 Pages



<TABLE>
 <S>                 <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Wesley Hill Wisenbaker
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     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

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                           7        SOLE VOTING POWER
      NUMBER OF                     300
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY           8        SHARED VOTING POWER
      OWNED BY                      0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING            9        SOLE DISPOSITIVE POWER
       PERSON                       300
        WITH
                          ---------------------------------------------------------------------------------------------
                          10        SHARED DISPOSITIVE POWER
                                    0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     300
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.0%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>


                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   16
CUSIP NO. 959080102                  13D                     Page 16 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     C.J. Donnally, Jr., as trustee
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     AF
- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                           7        SOLE VOTING POWER
      NUMBER OF                     28,000
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY           8        SHARED VOTING POWER
      OWNED BY                      0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING            9        SOLE DISPOSITIVE POWER
       PERSON                       28,000
        WITH              ---------------------------------------------------------------------------------------------
                          10        SHARED DISPOSITIVE POWER
                                    0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     28,000
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.2%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     IN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   17
CUSIP NO. 959080102                  13D                     Page 17 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     AGH Air Partners I
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     OO
- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                           7        SOLE VOTING POWER
      NUMBER OF                     90,000
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY           8        SHARED VOTING POWER
      OWNED BY                      0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING            9        SOLE DISPOSITIVE POWER
       PERSON                       90,000
        WITH              ---------------------------------------------------------------------------------------------
                          10        SHARED DISPOSITIVE POWER
                                    0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     90,000
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.7%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     PN
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   18
CUSIP NO. 959080102                  13D                     Page 18 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Seven Falls Company
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (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

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                           7        SOLE VOTING POWER
      NUMBER OF                     5,000
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY           8        SHARED VOTING POWER
      OWNED BY                      0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING            9        SOLE DISPOSITIVE POWER
       PERSON                       5,000
        WITH              ---------------------------------------------------------------------------------------------
                          10        SHARED DISPOSITIVE POWER
                                    0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     5,000
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.0%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

                    *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   19
CUSIP NO. 959080102                  13D                     Page 19 of 60 Pages



<TABLE>
    <S>              <C>                                                                                      <C>
- -----------------------------------------------------------------------------------------------------------------------
          1          NAME OF REPORTING PERSON
                     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                     Free Throw, Inc.
- -----------------------------------------------------------------------------------------------------------------------
          2          CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                                                      (a)     [ ]
                                                                                                      (b)     [x]
- -----------------------------------------------------------------------------------------------------------------------
          3          SEC USE ONLY

- -----------------------------------------------------------------------------------------------------------------------
          4          SOURCE OF FUNDS*

                     OO
- -----------------------------------------------------------------------------------------------------------------------
          5          CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)

- -----------------------------------------------------------------------------------------------------------------------
          6          CITIZENSHIP OR PLACE OF ORGANIZATION

                     Texas
- -----------------------------------------------------------------------------------------------------------------------
                           7        SOLE VOTING POWER
      NUMBER OF                     31,141
       SHARES             ---------------------------------------------------------------------------------------------
    BENEFICIALLY           8        SHARED VOTING POWER
      OWNED BY                      0
        EACH              ---------------------------------------------------------------------------------------------
      REPORTING            9        SOLE DISPOSITIVE POWER
       PERSON                       31,141
        WITH              ---------------------------------------------------------------------------------------------
                          10        SHARED DISPOSITIVE POWER
                                    0
- -----------------------------------------------------------------------------------------------------------------------
         11          AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

                     31,141
- -----------------------------------------------------------------------------------------------------------------------
         12          CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                                                              [ ]
- -----------------------------------------------------------------------------------------------------------------------
         13          PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                     0.2%
- -----------------------------------------------------------------------------------------------------------------------
         14          TYPE OF REPORTING PERSON*

                     CO
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>   20
CUSIP NO. 959080102                  13D                     Page 20 of 60 Pages


Item 1.  Security and Issuer.

     This statement relates to shares of the common stock, par value $.001 per
share (the "SHARES"), of Western Pacific Airline, Inc., a Delaware corporation
(the "COMPANY").  The principal executive offices of the Company are at 2864 S.
Circle Drive, Suite 1100, Colorado Springs, Colorado 80906, and its telephone
number at such address is (719) 579-7737.


Item 2.  Identity and Background.

    (a)-(c), (f).    This statement is filed by Hunt Petroleum of Texas, Inc.,
a Delaware corporation ("HPTI"), Tom Hunt, as trustee ("T. HUNT"), James L.
Parker, as trustee ("J. PARKER"), Margaret Hunt Hill, as trustee ("M.H. HILL"),
Ivan Irwin, Jr., individually and as trustee ("I. IRWIN"), James R. Wikert ("J.
WIKERT"), Danny Bowlin, as trustee ("D. BOWLIN"), AGH Aviation Ltd., a Texas
limited partnership ("AGH AVIATION"), AHT Financial, Inc., a Texas corporation
("AHT"), Lyda Hill, as trustee ("L. HILL"), Heather Victoria Hill ("H.V.
HILL"), Albert G. Hill, III ("A.G. HILL, III"), Alinda Hill Wikert,
individually and as custodian ("A.H. WIKERT"), Wesley Hill Wisenbaker ("W.H.
WISENBAKER"), C.J.  Donnally, Jr. ("C.J. DONNALLY"), as trustee, AGH Air
Partners I ("AGH AIR"), a Texas general partnership, Seven Falls Company, a
Delaware corporation ("SEVEN FALLS"), and Free Throw, Inc., a Texas corporation
("FREE THROW") HPTI, T. Hunt, J. Parker, M.H. Hill, I. Irwin, J. Wikert, D.
Bowlin, AGH Aviation, AHT, L. Hill, H.V. Hill, A.G. Hill, III, A.H.  Wikert,
W.H. Wisenbaker, C.J. Donnally, AGH Air, Seven Falls and Free Throw are
sometimes collectively referred to herein as the "REPORTING PERSONS."  The
Reporting Persons hereby expressly disclaim the existence of any "group" within
the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934 among
themselves or with any other person, with respect to the Shares.

    HPTI is a Delaware corporation with a principal business of investments.
The principal executive offices of HPTI are at 5000 Thanksgiving Tower, Dallas,
Texas 75201. The directors and executive officers of HPTI are T. Hunt, J.
Parker, I. Irwin and Danny Bowlin.  HPTI is wholly owned (and controlled) by
Hunt Petroleum Corporation, a Delaware corporation ("HPC").  HPC is
principally engaged in the business of oil and gas exploration and production.
The directors and executive officers of HPC are T. Hunt, J. Parker, I. Irwin
and M.H. Hill.  HPC is owned (and controlled) by the Margaret Hunt Trust Estate
and the Haroldson L. Hunt, Jr. Trust Estate.  Tom Hunt is the sole trustee of
the Margaret Hunt Trust Estate, and J. Parker is the sole trustee of the
Haroldson L. Hunt, Jr. Trust Estate.  The principal executive offices or
business address of each of HPC, the Margaret Hunt Trust Estate, Tom Hunt, the
Haroldson L. Hunt, Jr. Trust Estate and James L. Parker is 5000 Thanksgiving
Tower, Dallas, Texas 75201.

    J. Parker is a trustee of the Lyda Hunt-Margaret Trusts-Alinda Hunt Hill
and the Lyda Hunt-Margaret Trusts-Lyda Hill.   He is principally employed as
President and a director of HPC and President and director of HPTI.  J. Parker
is a U.S. citizen.

    T. Hunt is a trustee of the Lyda Hunt-Margaret Trusts-Alinda Hunt Hill and
the Lyda Hunt-Margaret Trusts-Lyda Hill.  He is principally employed as
Chairman of the Board of Directors of HPC and Vice President and director of
HPTI.  T.  Hunt is a U.S. citizen.

    M.H. Hill is a trustee of the Lyda Hunt-Margaret Trusts-Alinda Hunt Hill
and the Lyda Hunt-Margaret Trusts-Lyda Hill.  She is principally employed as
Vice President and a director of HPC.  Her principal business address is 5000
Thanksgiving Tower, Dallas, Texas 75201.  M.H. Hill is a U.S. citizen.

    I. Irwin is a director of the Company and was nominated as such by HPTI.
I. Irwin serves as Vice President of HPTI and as Vice Chairman of the Board of
Directors and Executive Vice President of HPC.  I. Irwin is the sole trustee of
the Kevin Irwin Trust, the Drew Educational Trust and the Lane Educational
Trust.  I. Irwin is also Executive Vice President of U.S. Financial Corp., a
Texas corporation and the general partner of AGH Aviation.  His principal
business address is 5000 Thanksgiving Tower, Dallas, Texas  75201.  I. Irwin is
a U.S. citizen.

    J. Wikert is a director of the Company and was nominated as such by HPTI.
J. Wikert is principally employed as an airline executive.  J. Wikert is
married to A.H Wikert, daughter of M.H. Hill.  His principal business address
is 3890 West Northwest Highway, Suite 700, Dallas, Texas 75220.  J. Wikert is a
U.S. citizen.

    D. Bowlin is the sole trustee for the Wisenbaker/Wikert 1986 Trusts, which
were established for the four children of A.H. Wikert.  D. Bowlin is
principally employed as Senior Vice President of HPC and Vice President and a
director of HPTI. His principal address is 5000 Thanksgiving Tower, Dallas,
Texas 75201.  D. Bowlin is a U.S. citizen.

    AGH Aviation is a Texas limited partnership with a principal business of
leasing airplanes.  U.S. Financial Corporation, a Texas corporation, is its
general partner.  A.G. Hill, Jr. is the partnership's sole limited partner.
U.S. Financial Corporation is solely owned (and controlled) by Al G. Hill, Jr.
("AL G. HILL, JR.").  The executive officers and directors of U.S. Financial
Corporation are Al G. Hill, Jr., Mike Cockrell, I. Irwin and Richard M. Pena.
Al G. Hill, Jr. and Mike Cockrell are principally employed as executives of
numerous entities.  Richard M. Pena is principally employed as Vice President
for U.S. Financial Corporation.  The principal executive offices for AGH
Aviation, U.S. Financial Corporation, Al G. Hill, Jr. and each of the other
<PAGE>   21
CUSIP NO. 959080102                  13D                     Page 21 of 60 Pages



executive officers and directors of U.S. Financial Corporation is located at
5000 Thanksgiving Tower, Dallas, Texas 75201.  Mike Cockrell and Richard M.
Pena are U.S. citizens.

    AHT is a Texas corporation with a principal business of investments.  The
executive officers and directors of AHT are Al G. Hill, Jr., L. Hill and Mike
Cockrell.  AHT  is wholly-owned by the Albert Hill Trust, of which L. Hill is
the sole trustee. The principal executive offices of AHT and each of its
executive officers and directors are located at 5000 Thanksgiving Tower,
Dallas, Texas 75201.

    L. Hill is the sole trustee for the Elisa Margaret Hill Trust and the
Albert Hill Trust.  L. Hill is principally involved in real estate investments.
Her principal business address is 5000 Thanksgiving Tower, Dallas, Texas 75201.
L. Hill is a U.S. citizen.

    H.V. Hill is the daughter of Al G. Hill, Jr.  H. V. Hill is a partner of
AGH Air and is principally employed as a private investor.  Her principal
business address is 5000 Thanksgiving Tower, Dallas, Texas  75201.  H. V. Hill
is a U.S. citizen.

    A.G. Hill, III is the son of Al G. Hill, Jr.  A.G. Hill, III is a partner
of AGH Air and is principally employed as an investor in various entities.
A.G. Hill, III's principal business address is 5000 Thanksgiving Tower, Dallas,
Texas 75201.  A.G. Hill, III is a U.S. citizen.

    A.H. Wikert is the wife of  J. Wikert and the daughter of M.H. Hill.  A.H.
Wikert is the mother of W.H. Wisenbaker, Margretta Hill Wikert and Cody
McArthur Wikert.  A.H. Wikert is the custodian of accounts established under
the Uniform Texas Gifts to Minors Act for the benefit of Margretta Hill Wikert
and Cody McArthur Wikert.  A.H. Wikert is principally employed as an airline
executive.  Her principal business address is 5000 Thanksgiving Tower, Dallas,
Texas  75201.  A.H. Wikert is a U.S. citizen.

    W.H. Wisenbaker is the son of A.H. Wikert.  He is principally employed as a
student.  His principal business address is 5000 Thanksgiving Tower, Dallas,
Texas  75201. W.H. Wisenbaker is a U.S. citizen.

    C.J. Donnally is a trustee of The Margaret Hunt Hill-Albert G. Hill, III
Trust, The Margaret Hunt Hill-Heather Victoria Hill Trust, the Margaret Hunt
Hill-Elisa Margaret Hill Trust, The Margaret Hunt Hill-Michael Bush Wisenbaker,
Jr. Trust, The Margaret Hunt Hill-Wesley Hill Wisenbaker Trust, The Margaret
Hunt Hill-Cody McArthur Wikert Trust and The Margaret Hunt Hill-Margretta Hill
Wikert Trust.  He is principally employed as a stockbroker.  His principal
business address is 200 Crescent Court, Suite 1200, Dallas, Texas 75201.  C.J.
Donnally is a U.S. citizen.

    AGH Air is a Texas general partnership with a principal business of
investments.  The general partners of AGH Air are The Hill 1980 Trusts (defined
herein), Al G. Hill, Jr., A. G. Hill, III, Elisa Margaret Hill ("E.M. HILL"),
H.V.  Hill and AGH Productions, Inc. ("AGH PRODUCTIONS").  Al G. Hill, Jr. is
principally employed as an investor in various entities.  Al G. Hill, Jr., the
son of M.H. Hill and the father of A.G. Hill, III, serves as a limited partner
to AGH Aviation and trustee of a group of trusts commonly referred to as The
Hill 1980 Trusts.  The Hill 1980 Trusts include The Hill Grandchildren's
Trust-Albert G. Hill, III, The Hill Grandchildren's Trust-Elisa Margaret Hill,
The Hill Grandchildren's Trust-Heather Victoria Hill, The Hill Grandchildren's
Trust-Cody McArthur Wikert, The Hill Grandchildren's Trust-Margretta Hill
Wikert, The Hill Grandchildren's Trust-Michael Bush Wisenbaker, Jr. and The
Hill Grandchildren's Trust-Wesley Hill Wisenbaker.  E.M. Hill, the daughter of
Al G. Hill, Jr., is principally employed as a student.  AGH Productions is a
Texas corporation with a principal business of  film production.  The directors
and executive officers of AGH Productions are Al G. Hill, Jr., Mike Cockrell
and Michael Liddle.  Michael Liddle is principally employed in the aircraft
chartering industry.  The executive offices or principal place of business for
each of  Al G. Hill, Jr., E.M. Hill and AGH Productions is located at 5000
Thanksgiving Tower, Dallas, Texas 75201.  Michael Liddle is located at 3890 W.
Northwest Highway, Suite 304, Dallas, Texas 75220.  Each of Al G. Hill, Jr.,
E.M. Hill and Michael Liddle is a U.S. citizen.

    Free Throw is a Texas corporation with a principal business of leasing
airplanes.  The directors and executive officers of Free Throw are W. Jeptha
Thornton, J. Wikert and Ralph Koti.  W. Jeptha Thornton is principally employed
as an investor.  Ralph Koti is principally employed as an attorney in private
practice.  The executive offices of Free Throw, W. Jeptha Thornton and Ralph
Koti are located at 8629 Lemmon Avenue, Hanger H, Dallas, Texas 75209.  W.
Jeptha Thornton and Ralph Koti are U.S. citizens.

    Seven Falls is a Delaware corporation with a principal business of
operating a scenic attraction park.  The directors and executive officers of
Seven Falls are L. Hill, Al G. Hill, Jr. and M.H. Hill.  The principal
executive offices of Seven Falls are at 5000 Thanksgiving Tower, Dallas, Texas
75201.

    (d)-(e).     None of the named above has, during the past five (5) years,
(i) been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
<PAGE>   22
CUSIP NO. 959080102                  13D                     Page 22 of 60 Pages



future violations of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to such
laws.

Item 3.  Source and Amount of Funds or Other Consideration.

    (a)  HPTI is the beneficial owner of 1,250,000 Shares, acquired for a total
purchase price of $5,000,000.  Such funds were acquired through an intercompany
loan from HPC.

    (b)  T. Hunt is the beneficial owner of 83,200 Shares, all of which were
acquired with cash on hand.  Of such number, 75,000 Shares are held of record
by the Lyda Hunt-Margaret Trusts-Alinda Hunt Hill for a total purchase price of
$150,000, and 8,200 are held of record by the Lyda Hunt-Margaret Trusts-Lyda
Hill for a total purchase price of $139,660.  T. Hunt is a trustee of both
trusts.  Excluded from the Shares beneficially owned by T. Hunt are 1,250,000
Shares owned by HPTI as set forth above in subparagraph (a), which Shares could
be attributed to him as trustee of the Margaret Hunt Trust Estate, a
significant stockholder of HPC, which is in turn the sole stockholder of HPTI.
T. Hunt disclaims beneficial ownership of the Shares owned by HPTI.

    (c)  J. Parker is the beneficial owner of 83,200 Shares, all of which were
acquired with cash on hand.  Of such number, 75,000 Shares are held of record
by the Lyda Hunt-Margaret Trusts-Alinda Hunt Hill for a total purchase price of
$150,000, and 8,200 are held of record by the Lyda Hunt-Margaret Trusts-Lyda
Hill for a total purchase price of $139,660.  J. Parker is a trustee of both
trusts.  Excluded from the Shares beneficially owned by J. Parker are 1,250,000
Shares owned by HPTI as set forth above in subparagraph (a), which Shares could
be attributed to him as trustee of the Haroldson L. Hunt, Jr. Trust Estate, a
significant stockholder of HPC, which is in turn the sole stockholder of HPTI.
J. Parker disclaims beneficial ownership of the Shares owned by HPTI.

    (d)  M.H. Hill is the beneficial owner of 83,200 Shares, all of which were
acquired with cash on hand.   Of such number, 75,000 Shares are held of record
by the Lyda Hunt-Margaret Trusts-Alinda Hunt Hill for a total purchase price of
$150,000, and 8,200 are held of record by the Lyda Hunt-Margaret Trusts-Lyda
Hill for a total purchase price of $139,660.  M. Hill is a trustee of both
trusts.

    (e)  I. Irwin is the beneficial owner of 20,334  Shares, including 10,034
Shares owned directly by him, which Shares he purchased for a total purchase
price of $82,304.  Also included in the total Shares beneficially owned by I.
Irwin are (i) 10,000 Shares that he has a right to acquire for $6.00 per share
within 60 days after the filing of this statement pursuant to a stock option
granted by the Company, (ii) 100 Shares owned by the Kevin Irwin Trust, of
which I.  Irwin is the sole trustee, (iii) 100 Shares owned by the Drew
Educational Trust, of which I. Irwin is the sole trustee and (iv) 100 Shares
owned by the Lane Educational Trust, of which I. Irwin is the sole trustee.
All Shares owned by I.  Irwin and the trusts of which he is the trustee were
acquired with cash on hand.

    (f)  J. Wikert is the beneficial owner of 216,500 Shares, including 206,500
Shares owned directly by him.  The 206,500 Shares owned directly by him, were
acquired for a total purchase price of $1,295,000.  Of such number 170,500
Shares were purchased with cash on hand. The cash consideration for the
remaining 36,000 Shares was acquired through a loan for $410,000 from Smith,
Barney, Harris, Upham & Co. ("SMITH BARNEY").  From the proceeds of the loan
from Smith Barney (the "SMITH BARNEY LOAN"), J. Wikert purchased a total of
67,141 Shares.  The purchase price of 33,000 Shares was $10.88 and the
remaining 34,141 were acquired through debt forgiveness resulting in an average
purchase price of $14.50 for all 67,141 Shares.  Of the 67,141 Shares, J.
Wikert is the holder of record of 36,000 Shares.  The remaining 31,141 Shares
are held of record by Free Throw.  The collateral for the Smith Barney Loan was
70,500 Shares held of  record by J. Wikert.  Also included in the total Shares
of which J. Wikert is the beneficial owner are 10,000 Shares that he has the
right to acquire for $6.00 per share within 60 days after the filing of this
statement pursuant to a stock option granted by the Company.  Excluded from the
Shares beneficially owned by J. Wikert are 50,400 Shares owned by the
Wisenbaker/Wikert 1986 Trusts and 75,000 Shares owned by the Lyda Hunt-Margaret
Trusts-Alinda Hunt Hill.  J. Wikert disclaims beneficial ownership of such
excluded Shares.

    (g)  D. Bowlin is the beneficial owner of 50,400 Shares.  Such Shares are
held of record by the Wisenbaker/Wikert 1986 Trusts, of which he is the sole
trustee, and were acquired by such trusts for a total purchase price of
$107,600 with cash on hand.

    (h)  AGH Aviation is the beneficial owner of 50,000 Shares acquired for a
total purchase price of $300,000.  Such Shares were purchased with cash on hand
resulting from a capital contribution of $300,000 by the limited partner, Al G.
Hill, Jr.

    (i)  AHT is the beneficial owner of 40,000 Shares for a total purchase
price of $617,500.  Such Shares were acquired with cash on hand.
<PAGE>   23
CUSIP NO. 959080102                  13D                     Page 23 of 60 Pages



    (j)  H.V. Hill is the beneficial owner of 4,000 Shares.  Such Shares were
acquired for a total purchase price of $65,500 with cash on hand.

    (k)  L. Hill is the beneficial owner of 27,000 Shares.  Of such number,
25,000 Shares are held of record by the Albert Hill Trust, of which she is the
sole trustee, and were acquired for a total purchase price of $430,625.  Such
Shares were purchased on behalf of the Albert Hill Trust with cash on hand.
The other 2,000 Shares beneficially owned by L. Hill are held of record by the
Elisa Margaret Hill Trust, of which L. Hill is the sole trustee, and were
acquired for a total purchase price of $38,000.  Of such 2,000 Shares, all were
purchased with cash on hand.  Excluded from the Shares beneficially owned by L.
Hill are 20,000 Shares owned by AHT which could be attributed to her as sole
trustee of the Albert Hill Trust, which in turn controls AHT.  L. Hill
expressly disclaims beneficial ownership of the Shares owned by AHT.

    (l)  A.G. Hill, III is the beneficial owner of 1,000 Shares. Such Shares
were acquired for a total purchase price of $19,000 with cash on hand.

    (m)  A.H. Wikert is the beneficial owner of 4,800 Shares.  Of such number,
4,600 Shares are held of record by her, and were acquired for a total purchase
price of $75,140.  Of the remaining 200 Shares beneficially owned by A.H.
Wikert, 100 Shares are held in an account established under the Texas Uniform
Gifts to Minors Act for the benefit of Margretta Hill Wikert, for a total
purchase price of $1,900 and 100 Shares are held in an account established
under the Texas Uniform Gifts to Minors Act for the benefit of Cody McArthur
Wikert, for a total purchase price of $1,900.  A.H. Wikert is the custodian of
both accounts.  All Shares owned directly by A.H. Wikert or held in accounts of
which A.H. Wikert is the custodian, were acquired with cash on hand.

    (n)  C.J. Donnally is the beneficial owner of 28,000 Shares, all of which
were acquired with cash on hand.  Of such number, 4,000 Shares are held of
record by the Margaret Hunt Hill-Albert G. Hill, III Trust for a total purchase
price of $51,520; 4,000 Shares are held of record by the Margaret Hunt
Hill-Heather Victoria Hill Trust for a total purchase price of $51,520; 4,000
Shares are held of record by the Margaret Hunt Hill-Elisa Margaret Hill Trust
for a total purchase price of $51,520; 4,000 Shares are held of record by the
Margaret Hunt Hill-Michael Bush Wisenbaker, Jr. Trust for a total purchase
price of $51,520;  4,000 Shares are held of record by the Margaret Hunt
Hill-Wesley Hill Wisenbaker Trust for a total purchase price of $51,520; 4,000
Shares are held of record by the Margaret Hunt Hill-Cody McArthur Wikert Trust
for a total purchase price of $51,520; and 4,000 Shares are held of record by
the Margaret Hunt Hill- Margretta Hill Wikert Trust for a total purchase price
of $51,520.  C.J. Donnally is the sole trustee of all such trusts.

    (o)  AGH Air is the beneficial owner of 90,000 Shares.  Such Shares were
purchased from the proceeds of borrowings secured by a standard margin account
arrangement with Smith Barney for a total purchase price of $1,475,524.

    (p)  W. H. Wisenbaker is the beneficial owner of 300 Shares acquired for a
total purchase price of $5,700.  Such Shares were purchased with cash on hand.

    (q)  Free Throw is the beneficial owner of 31,141 Shares.  Such Shares were
acquired as set forth above in subparagraph (f).

    (r)  Seven Falls has acquired beneficial ownership of 5,000 Shares for a
total purchase price of $82,005.  Such Shares were acquired with cash on hand.


Item 4.  Purpose of Transaction.

         The Reporting Persons have purchased the Shares for investment
purposes.  Each of the Reporting Persons believes that ownership of the Shares
represents an attractive investment opportunity at this time.  Any of the
Reporting Persons may purchase additional Shares either in the open market or
in private transactions, depending of his or its evaluation of the Company's
business, prospects and financial condition, the market for the Shares,
economic conditions, money and stock market conditions and other future
developments.  Depending on the same factors, any of the Reporting Persons may
decide to sell all or part of his or its investment in the Shares, although
none of them have any current intention to do so.

    Except as set forth in this Item 4, none of the Reporting Persons (or any
of the others persons named above) have any plans or proposals that relate to
or would result in any of the actions specified in clauses (a)-(j) of Item 4 of
Schedule 13D.


<PAGE>   24
CUSIP NO. 959080102                  13D                     Page 24 of 60 Pages


Item 5.  Interest in Securities of the Issuer.

    (a)  The aggregate number and percentage of the Shares beneficially owned
(identifying those Shares for which there is a right to acquire) by each of the
Reporting Persons, and for all of the Reporting Persons, is set forth in Item 1
above and on Schedule I attached hereto and incorporated herein in full by
reference thereto.  The existence of any "group" within the meaning of Section
13(d)(3) of the Securities Exchange Act of 1934 among the Reporting Persons or
any of them with any other persons is hereby expressly disclaimed.

    (b)  Schedule I attached hereto shows the number of Shares as to which
there is sole power to vote or to direct the vote, shared power to vote or to
direct the vote, sole power to dispose or to direct the disposition and shared
power to dispose or to direct the disposition, for each of the Reporting
Persons.  The applicable information required by Item 2 with respect to each
person with whom the power to vote or to direct the vote or to dispose or to
direct the disposition is set forth in Item 2 above.

    (c)  None of the Reporting Persons have effected any transactions in the
Shares in the last 60 days except as set forth on Schedule II attached hereto.

    (d)  Not applicable.

    (e)  Not applicable.


Item 6.  Contracts, Arrangements, Understandings or Relations with Respect to
         Securities of the Issuer.

    Attached hereto as Exhibit A and incorporated herein by reference is a copy
of the Joint Filing Agreement.

    As indicated in Item 3 above, certain purchases of the Shares were financed
by means of margin accounts pursuant to the standard form margin agreement of
Smith Barney.

    In addition, of the Shares beneficially owned by J. Wikert, 70,500 Shares
held of record by J.Wikert have been pledged as collateral to secure the
borrowings for the Smith Barney Loan as set forth above in Item 3.

Item 7.  Material to be Filed as Exhibits.

    Exhibit A    Joint Filing Agreement dated as of June 13, 1996.
    Exhibit B    Power of Attorney executed by James R.  Wikert.
    Exhibit C    Power of Attorney executed by Lyda Hill.
    Exhibit D    Power of Attorney executed by AHT Financial, Inc.
    Exhibit E    Power of Attorney executed by Heather Victoria Hill.
    Exhibit F    Power of Attorney executed by Albert G. Hill, III.
    Exhibit G    Power of Attorney executed by Wesley Hill Wisenbaker.
    Exhibit H    Power of Attorney executed by C.J. Donnally, Jr.
    Exhibit I    Power of Attorney executed by AGH Air Partners I.
    Exhibit J    Power of Attorney executed by Seven Falls Company.
    Exhibit K    Power of Attorney executed by Free Throw, Inc.
<PAGE>   25
CUSIP NO. 959080102                  13D                     Page 25 of 60 Pages




                                   SCHEDULE I

                               REPORTING PERSONS

<TABLE>
<CAPTION>
                                                                                               AGGREGATE
                                                                                               AMOUNT OF     PERCENT OF
                                      SOLE         SHARED          SOLE          SHARED         SHARES          CLASS
                                     VOTING        VOTING      DISPOSITIVE     DISPOSITIVE   BENEFICIALLY   BENEFICIALLY
                                     POWER          POWER         POWER           POWER          OWNED          OWNED    
                                 -------------  ------------- -------------- -------------- --------------  -------------
 <S>                                 <C>           <C>             <C>               <C>         <C>                <C>
 Hunt Petroleum of Texas, Inc. .     1,250,000        -0-          1,250,000            -0-      1,250,000           9.4%
 James L. Parker (1) . . . . . .           -0-     83,200                -0-         83,200         83,200           0.6%
 Tom Hunt (2)  . . . . . . . . .           -0-     83,200                -0-         83,200         83,200           0.6%
 Margaret Hunt Hill (3)  . . . .           -0-     83,200                -0-         83,200         83,200           0.6%
 James R. Wikert (4) . . . . . .       216,500        -0-            216,500            -0-        216,500           1.6%
 Ivan Irwin Jr. (5)  . . . . . .        20,334        -0-             20,334            -0-         20,334           0.2%
 D. Bowlin (6) . . . . . . . . .        50,400        -0-             50,400            -0-         50,400           0.4%
 AGH Aviation Ltd. . . . . . . .        50,000        -0-             50,000            -0-         50,000           0.4%
 AHT Financial, Inc. . . . . . .        40,000        -0-             40,000            -0-         40,000           0.3%
 Lyda Hill (7) . . . . . . . . .        27,000        -0-             27,000            -0-         27,000           0.2%
 Heather Victoria Hill . . . . .         4,000        -0-              4,000            -0-          4,000           0.0%
 Albert G. Hill, III . . . . . .         1,000        -0-              1,000            -0-          1,000           0.0%
 Alinda Hill Wikert (8)  . . . .         4,800        -0-              4,800            -0-          4,800           0.0%
 Wesley Hill Wisenbaker  . . . .           300        -0-                300            -0-            300           0.0%
 C.J. Donnally (9) . . . . . . .        28,000        -0-             28,000            -0-         28,000           0.2%
 AGH Air Partners I  . . . . . .        90,000        -0-             90,000            -0-         90,000           0.7%
 Seven Falls Company . . . . . .         5,000        -0-              5,000            -0-          5,000           0.0%
 Free Throw, Inc.  . . . . . . .        31,141        -0-             31,141            -0-         31,141           0.2%

 TOTAL . . . . . . . . . . . . .     1,825,475     83,200          1,825,475         83,200      1,908,675          14.4%
                                     =========     ======          =========         ======      =========          ==== 
</TABLE>
<PAGE>   26
CUSIP NO. 959080102                  13D                     Page 26 of 60 Pages



                                  SCHEDULE 13D

                                   SCHEDULE I

                                   FOOTNOTES

(1)      Includes 75,000 Shares held of record by the Lyda Hunt-Margaret
         Trusts-Alinda Hunt Hill, of which James L.  Parker is a trustee and
         8,200 Shares held of record by the Lyda Hunt-Margaret Trusts-Lyda
         Hill, of which James L. Parker is a trustee.  Excludes 1,250,000
         Shares held of record by Hunt Petroleum of Texas, Inc., which Shares
         could be attributed to James L. Parker as the sole trustee of the
         Haroldson L. Hunt, Jr. Trust Estate, a significant stockholder of Hunt
         Petroleum Corporation, which is in turn the sole stockholder of Hunt
         Petroleum of Texas, Inc.   James L. Parker expressly disclaims
         beneficial ownership of the Shares held by Hunt Petroleum of Texas,
         Inc.

(2)      Includes 75,000 Shares held of record by the Lyda Hunt-Margaret
         Trusts-Alinda Hunt Hill, of which Tom Hunt is a trustee and 8,200
         Shares held of record by the Lyda Hunt-Margaret Trusts-Lyda Hill, of
         which Tom Hunt is a trustee.  Excludes 1,250,000 Shares held of record
         by Hunt Petroleum of Texas, Inc., which Shares could be attributed to
         Tom Hunt as the sole trustee of the Margaret Hunt Trust Estate, a
         significant stockholder of Hunt Petroleum Corporation, which is in
         turn the sole stockholder of Hunt Petroleum of Texas, Inc.  Tom Hunt
         expressly disclaims beneficial ownership of the Shares held by Hunt
         Petroleum of Texas, Inc.

(3)      Includes 75,000 Shares held of record by the Lyda Hunt-Margaret
         Trusts-Alinda Hunt Hill, of which Margaret Hunt Hill is a trustee and
         8,200 Shares held of record by the Lyda Hunt-Margaret Trusts-Lyda
         Hill, of which Margaret Hunt Hill is a trustee.

(4)      Includes 206,500 Shares and vested options to purchase 10,000 Shares
         at $6.00 per share pursuant to a stock option granted under the 1995
         Directors' Option Plan for a total of 25,000 Shares.  The option is
         exercisable as to 10,000 Shares on July 28, 1995 and as to 7,500
         additional Shares on each of July 28, 1996 and July 28, 1997.
         Excludes 75,000 Shares owned by the Lyda Hunt-Margaret Trusts-Alinda
         Hunt Hill and 50,400 Shares owned by the Wisenbaker/Wikert 1986
         Trusts, as to which Shares James R. Wikert disclaims beneficial
         ownership.

(5)      Includes 10,034 Shares and vested options to purchase 10,000 Shares at
         $6.00 per share pursuant to a stock option granted under the 1995
         Directors' Option Plan for a total of 25,000 Shares.  The option is
         exercisable as to 10,000 Shares on July 28, 1995 and as to 7,500
         additional Shares on each of July 28, 1996 and July 28, 1997.  Also
         includes 100 Shares held of record by the Kevin Irwin Trust, 100
         Shares held of record by the Drew Educational Trust and 100 Shares
         held of record by the Lane Educational Trust.  Ivan Irwin is the sole
         trustee of all three trusts.

(6)      Includes 50,400 Shares held of record by the Wisenbaker/Wikert 1986
         Trusts, of which  Danny Bowlin is the sole trustee.

(7)      Includes 25,000 Shares held of record by the Albert Hill Trust, of
         which Lyda  Hill is the sole trustee, and 2,000 Shares held of record
         by the Elisa Margaret Hill Trust, of which Lyda Hill is the sole
         trustee.  Excludes 20,000 Shares held by AHT Financial, Inc., which
         Shares may be deemed to be beneficially owned by Lyda Hill as a result
         of her being the sole trustee of the Albert Hill Trust, which is in
         turn the sole stockholder of AHT Financial, Inc.  Lyda Hill disclaims
         beneficial ownership of the Shares owned by AHT Financial, Inc.
<PAGE>   27
CUSIP NO. 959080102                  13D                     Page 27 of 60 Pages



(8)      Includes 4,600 Shares held of record by Alinda Hill Wikert, 100 Shares
         held for the benefit of Margretta Hill Wikert in an account
         established under the Texas Uniform Gifts to Minors Act, of which
         Alinda Hill Wikert is the custodian and 100 Shares held for the
         benefit of Cody McArthur Wikert in an account established under the
         Texas Uniform Gifts to Minors Act, of which Alinda Hill Wikert is the
         custodian.

(9)      Includes a total of 28,000 Shares. Of such number 4,000 Shares are
         held of record by each of The Margaret Hunt Hill-Albert G. Hill, III
         Trust, The Margaret Hunt Hill-Heather Victoria Hill Trust, The
         Margaret Hunt Hill- Elisa Margaret Hill Trust, The Margaret Hunt
         Hill-Michael Bush Wisenbaker, Jr. Trust, The Margaret Hunt Hill-
         Wesley Hill Wisenbaker Trust, The Margaret Hunt Hill-Cody McArthur
         Wikert Trust and The Margaret Hunt Hill- Margretta Hill Wikert Trust.

         The Reporting Persons expressly disclaim beneficial ownership (as used
in this Schedule 13D) of the Shares excluded and expressly disclaim the
existence of any "group" (within the meaning of Section 13(d)(3) under the
Securities Exchange Act of 1934).
<PAGE>   28
CUSIP NO. 959080102                  13D                     Page 28 of 60 Pages



                                  SCHEDULE II

         From April 7, 1996, through June 7, 1996, certain Reporting Persons
acquired beneficial ownership of Shares in the following transactions.  All
such Shares were purchased in open market transactions.



<TABLE>
<CAPTION>
                                           DATE                              NUMBER OF
            RECORD OWNER              OF TRANSACTION      TRANSACTION        OF SHARES       PRICE PER SHARE  
 ---------------------------------- ------------------ ----------------  ------------------ ------------------
 <S>                                     <C>               <C>                    <C>                <C>
 James R.  Wikert(1) . . . . . . .       05-05-96          Purchaser              67,141             $ 14.40
 Albert Hill Trust (2) . . . . . .       05-30-96          Purchaser              12,500             $ 16.00
 Albert Hill Trust (2) . . . . . .       05-30-96          Purchaser               2,500             $ 16.25
 AGH Air Partners I  . . . . . . .       06-03-96          Purchaser               5,000             $ 16.125
 Seven Falls Company . . . . . . .       06-04-96          Purchaser               3,000             $ 16.417
 AGH Air Partners I  . . . . . . .       06-06-96          Purchaser              72,000             $ 16.417
 AGH Air Partners I  . . . . . . .       06-06-96          Purchaser              13,000             $ 16.375
 Seven Falls Company . . . . . . .       06-07-96          Purchaser               2,000             $ 16.375
</TABLE>
<PAGE>   29
CUSIP NO. 959080102                  13D                     Page 29 of 60 Pages



                                  SCHEDULE 13D

                                  SCHEDULE II

                                   FOOTNOTES

(1)      The purchase price for 33,000 Shares was $10.88 per share and the
         remaining 34,141 were acquired through debt forgiveness resulting in
         an average purchase price of $14.50 for all Shares.  J. Wikert holds
         36,000 Shares individually.  The remaining 31,141 Shares are held of
         record by Free Throw, Inc.

(2)      Lyda Hill is the sole trustee of this trust.
<PAGE>   30
CUSIP NO. 959080102                  13D                     Page 30 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        HUNT PETROLEUM OF TEXAS, INC.



                                        By:/s/ James L.  Parker               
                                           -----------------------------------
                                           Name:  James L. Parker
                                           Title: President
<PAGE>   31
CUSIP NO. 959080102                  13D                     Page 31 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ Tom Hunt, Trustee                  
                                        ---------------------------------------
                                        Tom Hunt, as trustee
<PAGE>   32
CUSIP NO. 959080102                  13D                     Page 32 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ James L.  Parker                   
                                        ---------------------------------------
                                        James L. Parker, as trustee
<PAGE>   33
CUSIP NO. 959080102                  13D                     Page 33 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ Margaret Hunt Hill, Trustee        
                                        ---------------------------------------
                                        Margaret Hunt Hill, as trustee
<PAGE>   34
CUSIP NO. 959080102                  13D                     Page 34 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ Ivan Irwin, Jr.                    
                                        ---------------------------------------
                                        Ivan Irwin, Jr., individually and as 
                                        trustee
<PAGE>   35
CUSIP NO. 959080102                  13D                     Page 35 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ Ivan Irwin, Jr., Attorney-in-fact  
                                        ---------------------------------------
                                        James R. Wikert
<PAGE>   36
CUSIP NO. 959080102                  13D                     Page 36 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ Danny Bowlin, Trustee              
                                        ---------------------------------------
                                        Danny Bowlin, as trustee
<PAGE>   37
CUSIP NO. 959080102                  13D                     Page 37 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        AGH AVIATION LTD.                     


                                        By:  U.S. FINANCIAL CORPORATION, 
                                             General Partner

                                             By:/s/ Mike Cockrell              
                                                -------------------------------
                                                Name:   Mike Cockrell
                                                Title:  Vice President
<PAGE>   38
CUSIP NO. 959080102                  13D                     Page 38 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                       AHT FINANCIAL, INC.



                                       By: /s/ Ivan Irwin, Jr. Attorney-in-fact
                                           ------------------------------------
                                           Name:   Lyda Hill
                                           Title:  President
<PAGE>   39
CUSIP NO. 959080102                  13D                     Page 39 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                       /s/ Ivan Irwin, Jr., Attorney-in-fact  
                                       ---------------------------------------
                                       Lyda Hill, as trustee
<PAGE>   40
CUSIP NO. 959080102                  13D                     Page 40 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ Ivan Irwin, Jr., Attorney-in-fact  
                                        ---------------------------------------
                                        Heather Victoria Hill
<PAGE>   41
CUSIP NO. 959080102                  13D                     Page 41 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ Ivan Irwin, Jr., Attorney-in-fact  
                                        ---------------------------------------
                                        Albert G. Hill, III
<PAGE>   42
CUSIP NO. 959080102                  13D                     Page 42 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ Alinda Hill Wikert                 
                                        ---------------------------------------
                                        Alinda Hill Wikert, individually and 
                                        as custodian
<PAGE>   43
CUSIP NO. 959080102                  13D                     Page 43 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996


                                        /s/ Ivan Irwin, Jr., Attorney-in-fact  
                                        ---------------------------------------
                                        Wesley Hill Wisenbaker
<PAGE>   44
CUSIP NO. 959080102                  13D                     Page 44 of 60 Pages



                                   SIGNATURE

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

DATED:  June 13, 1996


                                        /s/ Ivan Irwin, Jr., Attorney-in-fact  
                                        ---------------------------------------
                                        C.J. Donnally, Jr., as trustee
<PAGE>   45
CUSIP NO. 959080102                  13D                     Page 45 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996



                                        AGH Air Partners I


                                        By:Ivan Irwin, Jr., Attorney-in-fact   
                                        --------------------------------------
                                        Name:  Heather Victoria Hill
                                        Title: Managing Partner
<PAGE>   46
CUSIP NO. 959080102                  13D                     Page 46 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996



                                      Seven Falls Company


                                      By:/s/ Ivan Irwin, Jr., Attorney-in-fact 
                                      ---------------------------------------
                                      Name:  Lyda Hill
                                      Title: President
<PAGE>   47
CUSIP NO. 959080102                  13D                     Page 47 of 60 Pages



                                   SIGNATURE


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

DATED:  June 13, 1996



                                       Free Throw, Inc.


                                       By:/s/ Ivan Irwin, Jr., Attorney-in-fact
                                       ----------------------------------------
                                       Name:  James R. Wikert
                                       Title: Vice President
<PAGE>   48
CUSIP NO. 959080102                  13D                     Page 48 of 60 Pages



                                 EXHIBIT INDEX


  Exhibit                                                            Page
  -------                                                            ----
     A       Joint Filing Agreement dated as of June 13, 1996         49
     B       Power of Attorney executed by James R. Wikert            51
     C       Power of Attorney executed by Lyda Hill                  52
     D       Power of Attorney executed by AHT Financial, Inc.        53
     E       Power of Attorney executed by Heather Victoria Hill      54
     F       Power of Attorney executed by Albert G.  Hill, III       55
     G       Power of Attorney executed by Wesley Hill Wisenbaker     56
     H       Power of Attorney executed by C.J.Donnally, Jr.          57
     I       Power of Attorney executed by AGH Air Partners I         58
     J       Power of Attorney executed by Seven Falls Company        59
     K       Power of Attorney executed by Free Throw, Inc.           60
<PAGE>   49
CUSIP NO. 959080102                  13D                     Page 49 of 60 Pages



                                   EXHIBIT A

                             JOINT FILING AGREEMENT


         In accordance with Rule 13-d-1(f) under the Securities Exchange Act of
1934, the persons named below agree to the joint filing on behalf of each of
them of a Statement on Schedule 13D (including amendments thereto) with regard
to the common stock of Western Pacific Airlines, Inc., and further agree that
this Joint Filing Agreement be included as an Exhibit to such joint filings.
In evidence thereof, the undersigned, being duly authorized, hereby execute
this Agreement as of the 13th day of June, 1996.


                                        HUNT PETROLEUM OF TEXAS, INC.
                                        
                                        
                                        By:/s/ James L.  Parker                
                                           ------------------------------------
                                              Name:   James L. Parker
                                              Title:  President
                                        
                                        
                                        /s/ James L.  Parker                   
                                        ---------------------------------------
                                        James L. Parker, as trustee
                                        
                                        
                                        /s/ Tom Hunt, Trustee                  
                                        ---------------------------------------
                                        Tom Hunt, as trustee
                                        
                                        
                                        /s/ Margaret Hunt Hill, Trustee        
                                        ---------------------------------------
                                        Margaret Hunt Hill, as trustee         
                                        
                                        
                                        /s/ Ivan Irwin, Jr.                    
                                        ---------------------------------------
                                        Ivan Irwin, Jr., individually and 
                                        as trustee
                                        
                                        
                                        /s/ Ivan Irwin, Jr., Attorney-in-fact  
                                        ---------------------------------------
                                        James R. Wikert
                                        
                                        
                                        /s/ Danny Bowlin, Trustee              
                                        ---------------------------------------
                                        Danny Bowlin, as trustee
                                        
                                        
                                        
                                        AGH AVIATION, LTD.
                                        
                                        By: U.S. FINANCIAL CORPORATION, General
                                            Partner
                                        
                                        
                                            By: /s/ Mike Cockrell              
                                                -------------------------------
                                                Name:   Mike Cockrell
                                                Title:  Vice President
<PAGE>   50
CUSIP NO. 959080102                  13D                     Page 50 of 60 Pages



                                      AHT FINANCIAL, INC.
                                      
                                      
                                      By:/s/ Ivan Irwin, Jr., Attorney-in-fact 
                                         --------------------------------------
                                         Name:   Lyda Hill
                                         Title:  President
                                      
                                      
                                      /s/ Ivan Irwin, Jr., Attorney-in-fact    
                                      -----------------------------------------
                                      Lyda Hill, as trustee
                                      
                                      
                                      /s/ Ivan Irwin, Jr., Attorney-in-fact    
                                      -----------------------------------------
                                      Heather Victoria Hill
                                      
                                      
                                      /s/ Ivan Irwin, Jr., Attorney-in-fact    
                                      -----------------------------------------
                                      Albert G. Hill, III
                                      
                                      
                                      /s/ Alinda Hill Wikert                   
                                      -----------------------------------------
                                      Alinda Hill Wikert, individually and 
                                      as custodian
                                      
                                      
                                      /s/ Ivan Irwin, Jr., Attorney-in-fact    
                                      -----------------------------------------
                                      Wesley Hill Wisenbaker
                                      
                                      
                                      /s/ Ivan Irwin, Jr., Attorney-in-fact    
                                      -----------------------------------------
                                      C.J. Donnally, Jr., as trustee
                                      
                                      
                                      AGH AIR PARTNERS I
                                      
                                      
                                      By:/s/ Ivan Irwin, Jr., Attorney-in-fact 
                                         --------------------------------------
                                         Name:   Heather Victoria Hill
                                         Title:  Managing Partner
                                      
                                      
                                      SEVEN FALLS COMPANY
                                      
                                      
                                      By:/s/ Ivan Irwin, Jr., Attorney-in-fact 
                                         --------------------------------------
                                         Name:   Lyda Hill
                                         Title:  President
                                      
                                      
                                      FREE THROW, INC.
                                      
                                      
                                      By:/s/ Ivan Irwin, Jr., Attorney-in-fact 
                                         --------------------------------------
                                         Name:   James R. Wikert
                                         Title:  Vice President
<PAGE>   51
CUSIP NO. 959080102                  13D                     Page 51 of 60 Pages



                                   EXHIBIT B

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned individual hereby
constitutes and appoints IVAN IRWIN, JR.  his true and lawful attorney-in-fact
and agent with full power of substitution for him and on his behalf and in his
name, place and stead, in any and all capacities, to sign, execute, and file
any and all schedules, reports, forms or other filings deemed necessary,
appropriate or convenient under the Securities Exchange Act of 1934 (the
"EXCHANGE ACT"), and the rules and regulations promulgated thereunder, with
respect to beneficial ownership of shares of Common Stock , $.001 par value, of
Western Pacific Airlines, Inc. ("Common Stock") and changes in such ownership,
including, but not limited to, statements on Schedule 13D or Schedule 13G
relating to beneficial ownership of shares of Common Stock, any Forms 3, 4 or 5
that may be required to be filed by or on behalf of the undersigned pursuant to
Section 16(a) of the Exchange Act, together with any amendment or amendments to
such Schedules or Forms and all exhibits and any and all documents required to
be filed with respect thereto (including agreements of joint filing), granting
unto said attorney full power and authority to do and to perform each and every
act and thing deemed by said attorney requisite, necessary or convenient to be
done in and about the premises in order to effectuate the same as fully to all
intents and purposes as the undersigned might or could do if personally present
individually, hereby ratifying and confirming all that said attorney-in-fact,
and agent, or his substitute or substitutes, may lawfully do or cause to be
done.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand this
10th day of June, 1996.


                                                /s/ James R. Wikert           
                                        --------------------------------------
                                                James R. Wikert
<PAGE>   52
CUSIP NO. 959080102                  13D                     Page 52 of 60 Pages



                                   EXHIBIT C

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned trustee hereby
constitutes and appoints IVAN IRWIN, JR.  her true and lawful attorney-in-fact
and agent with full power of substitution for her and on her behalf and in her
name, place and stead, in any and all capacities, to sign, execute, and file
any and all schedules, reports, forms or other filings deemed necessary,
appropriate or convenient under the Securities Exchange Act of 1934 (the
"EXCHANGE ACT"), and the rules and regulations promulgated thereunder, with
respect to beneficial ownership of shares of Common Stock , $.001 par value, of
Western Pacific Airlines, Inc. ("Common Stock") and changes in such ownership,
including, but not limited to, statements on Schedule 13D or Schedule 13G
relating to beneficial ownership of shares of Common Stock, any Forms 3, 4 or 5
that may be required to be filed by or on behalf of the undersigned pursuant to
Section 16(a) of the Exchange Act, together with any amendment or amendments to
such Schedules or Forms and all exhibits and any and all documents required to
be filed with respect thereto (including agreements of joint filing), granting
unto said attorney full power and authority to do and to perform each and every
act and thing deemed by said attorney requisite, necessary or convenient to be
done in and about the premises in order to effectuate the same as fully to all
intents and purposes as the undersigned might or could do if personally present
individually, hereby ratifying and confirming all that said attorney-in-fact,
and agent, or her substitute or substitutes, may lawfully do or cause to be
done.

         IN WITNESS WHEREOF, the undersigned has hereunto set her hand this
13th day of June, 1996.



                                        /s/ Lyda Hill, Trustee                
                                        --------------------------------------
                                        Lyda Hill, as trustee
<PAGE>   53
CUSIP NO. 959080102                  13D                     Page 53 of 60 Pages



                                   EXHIBIT D

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned corporation
hereby constitutes and appoints IVAN IRWIN, JR. its true and lawful
attorney-in-fact and agent with full power of substitution for it and on its
behalf and in its name, place and stead, in any and all capacities, to sign,
execute, and file any and all schedules, reports, forms or other filings deemed
necessary, appropriate or convenient under the Securities Exchange Act of 1934
(the "EXCHANGE ACT"), and the rules and regulations promulgated thereunder,
with respect to beneficial ownership of shares of Common Stock , $.001 par
value, of Western Pacific Airlines, Inc. ("Common Stock") and changes in such
ownership, including, but not limited to, statements on Schedule 13D or
Schedule 13G relating to beneficial ownership of shares of Common Stock, any
Forms 3, 4 or 5 that may be required to be filed by or on behalf of the
undersigned corporation pursuant to Section 16(a) of the Exchange Act, together
with any amendment or amendments to such Schedules or Forms and all exhibits
and any and all documents required to be filed with respect thereto (including
agreements of joint filing), granting unto said attorney full power and
authority to do and to perform each and every act and thing deemed by said
attorney requisite, necessary or convenient to be done in and about the
premises in order to effectuate the same as fully to all intents and purposes
as the undersigned might or could do if personally present individually, hereby
ratifying and confirming all that said attorney-in-fact, and agent, or its
substitute or substitutes, may lawfully do or cause to be done.

         IN WITNESS WHEREOF, the undersigned has hereunto set its hand this
13th day of June, 1996.



                                        AHT FINANCIAL, INC.



                                        By: /s/ Lyda Hill, President          
                                            ----------------------------------
                                            Lyda Hill
                                            President
<PAGE>   54
CUSIP NO. 959080102                  13D                     Page 54 of 60 Pages



                                   EXHIBIT E

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section  

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned individual hereby
constitutes and appoints IVAN IRWIN, JR.  her true and lawful attorney-in-fact
and agent with full power of substitution for her and on her behalf and in her
name, place and stead, in any and all capacities, to sign, execute, and file
any and all schedules, reports, forms or other filings deemed necessary,
appropriate or convenient under the Securities Exchange Act of 1934 (the
"EXCHANGE ACT"), and the rules and regulations promulgated thereunder, with
respect to beneficial ownership of shares of Common Stock , $.001 par value, of
Western Pacific Airlines, Inc. ("Common Stock") and changes in such ownership,
including, but not limited to, statements on Schedule 13D or Schedule 13G
relating to beneficial ownership of shares of Common Stock, any Forms 3, 4 or 5
that may be required to be filed by or on behalf of the undersigned pursuant to
Section 16(a) of the Exchange Act, together with any amendment or amendments to
such Schedules or Forms and all exhibits and any and all documents required to
be filed with respect thereto (including agreements of joint filing), granting
unto said attorney full power and authority to do and to perform each and every
act and thing deemed by said attorney requisite, necessary or convenient to be
done in and about the premises in order to effectuate the same as fully to all
intents and purposes as the undersigned might or could do if personally present
individually, hereby ratifying and confirming all that said attorney-in-fact,
and agent, or her substitute or substitutes, may lawfully do or cause to be
done.

         IN WITNESS WHEREOF, the undersigned has hereunto set her hand this
13th day of June, 1996.



                                        /s/ Heather Victoria Hill              
                                        ---------------------------------------
                                        Heather Victoria Hill
<PAGE>   55
CUSIP NO. 959080102                  13D                     Page 55 of 60 Pages



                                   EXHIBIT F

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned individual hereby
constitutes and appoints IVAN IRWIN, JR.  his true and lawful attorney-in-fact
and agent with full power of substitution for him and on his behalf and in his
name, place and stead, in any and all capacities, to sign, execute, and file
any and all schedules, reports, forms or other filings deemed necessary,
appropriate or convenient under the Securities Exchange Act of 1934 (the
"EXCHANGE ACT"), and the rules and regulations promulgated thereunder, with
respect to beneficial ownership of shares of Common Stock , $.001 par value, of
Western Pacific Airlines, Inc. ("Common Stock") and changes in such ownership,
including, but not limited to, statements on Schedule 13D or Schedule 13G
relating to beneficial ownership of shares of Common Stock, any Forms 3, 4 or 5
that may be required to be filed by or on behalf of the undersigned pursuant to
Section 16(a) of the Exchange Act, together with any amendment or amendments to
such Schedules or Forms and all exhibits and any and all documents required to
be filed with respect thereto (including agreements of joint filing), granting
unto said attorney full power and authority to do and to perform each and every
act and thing deemed by said attorney requisite, necessary or convenient to be
done in and about the premises in order to effectuate the same as fully to all
intents and purposes as the undersigned might or could do if personally present
individually, hereby ratifying and confirming all that said attorney-in-fact,
and agent, or his substitute or substitutes, may lawfully do or cause to be
done.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand this
13th day of June, 1996.



                                                /s/ Albert G. Hill, III        
                                        ---------------------------------------
                                                Albert G. Hill, III
<PAGE>   56
CUSIP NO. 959080102                  13D                     Page 56 of 60 Pages



                                   EXHIBIT G

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned individual hereby
constitutes and appoints IVAN IRWIN, JR.  his true and lawful attorney-in-fact
and agent with full power of substitution for him and on his behalf and in his
name, place and stead, in any and all capacities, to sign, execute, and file
any and all schedules, reports, forms or other filings deemed necessary,
appropriate or convenient under the Securities Exchange Act of 1934 (the
"EXCHANGE ACT"), and the rules and regulations promulgated thereunder, with
respect to beneficial ownership of shares of Common Stock , $.001 par value, of
Western Pacific Airlines, Inc. ("Common Stock") and changes in such ownership,
including, but not limited to, statements on Schedule 13D or Schedule 13G
relating to beneficial ownership of shares of Common Stock, any Forms 3, 4 or 5
that may be required to be filed by or on behalf of the undersigned pursuant to
Section 16(a) of the Exchange Act, together with any amendment or amendments to
such Schedules or Forms and all exhibits and any and all documents required to
be filed with respect thereto (including agreements of joint filing), granting
unto said attorney full power and authority to do and to perform each and every
act and thing deemed by said attorney requisite, necessary or convenient to be
done in and about the premises in order to effectuate the same as fully to all
intents and purposes as the undersigned might or could do if personally present
individually, hereby ratifying and confirming all that said attorney-in-fact,
and agent, or his substitute or substitutes, may lawfully do or cause to be
done.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand this
11th day of June, 1996.



                                               /s/ Wesley Hill Wisenbaker     
                                        --------------------------------------
                                               Wesley Hill Wisenbaker
<PAGE>   57
CUSIP NO. 959080102                  13D                     Page 57 of 60 Pages



                                   EXHIBIT H

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned trustee hereby
constitutes and appoints IVAN IRWIN, JR.  his true and lawful attorney-in-fact
and agent with full power of substitution for him and on his behalf and in his
name, place and stead, in any and all capacities, to sign, execute, and file
any and all schedules, reports, forms or other filings deemed necessary,
appropriate or convenient under the Securities Exchange Act of 1934 (the
"EXCHANGE ACT"), and the rules and regulations promulgated thereunder, with
respect to beneficial ownership of shares of Common Stock , $.001 par value, of
Western Pacific Airlines, Inc. ("Common Stock") and changes in such ownership,
including, but not limited to, statements on Schedule 13D or Schedule 13G
relating to beneficial ownership of shares of Common Stock, any Forms 3, 4 or 5
that may be required to be filed by or on behalf of the undersigned pursuant to
Section 16(a) of the Exchange Act, together with any amendment or amendments to
such Schedules or Forms and all exhibits and any and all documents required to
be filed with respect thereto (including agreements of joint filing), granting
unto said attorney full power and authority to do and to perform each and every
act and thing deemed by said attorney requisite, necessary or convenient to be
done in and about the premises in order to effectuate the same as fully to all
intents and purposes as the undersigned might or could do if personally present
individually, hereby ratifying and confirming all that said attorney-in-fact,
and agent, or his substitute or substitutes, may lawfully do or cause to be
done.

         IN WITNESS WHEREOF, the undersigned has hereunto set his hand this
10th day of June, 1996.



                                        /s/ C.J. Donnally, Jr                 
                                        --------------------------------------
                                        C. J. Donnally, Jr., as trustee
<PAGE>   58
CUSIP NO. 959080102                  13D                     Page 58 of 60 Pages



                                   EXHIBIT I

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned general
partnership hereby constitutes and appoints IVAN IRWIN, JR. its true and lawful
attorney-in-fact and agent with full power of substitution for it and on its
behalf and in its name, place and stead, in any and all capacities, to sign,
execute, and file any and all schedules, reports, forms or other filings deemed
necessary, appropriate or convenient under the Securities Exchange Act of 1934
(the "EXCHANGE ACT"), and the rules and regulations promulgated thereunder,
with respect to beneficial ownership of shares of Common Stock , $.001 par
value, of Western Pacific Airlines, Inc. ("Common Stock") and changes in such
ownership, including, but not limited to, statements on Schedule 13D or
Schedule 13G relating to beneficial ownership of shares of Common Stock, any
Forms 3, 4 or 5 that may be required to be filed by or on behalf of the
undersigned corporation pursuant to Section 16(a) of the Exchange Act, together
with any amendment or amendments to such Schedules or Forms and all exhibits
and any and all documents required to be filed with respect thereto (including
agreements of joint filing), granting unto said attorney full power and
authority to do and to perform each and every act and thing deemed by said
attorney requisite, necessary or convenient to be done in and about the
premises in order to effectuate the same as fully to all intents and purposes
as the undersigned might or could do if personally present individually, hereby
ratifying and confirming all that said attorney-in-fact, and agent, or its
substitute or substitutes, may lawfully do or cause to be done.

         IN WITNESS WHEREOF, the undersigned has hereunto set its hand this
13th day of June, 1996.



                                        AGH AIR PARTNERS I



                                        By: /s/ Heather Victoria Hill         
                                            ----------------------------------
                                            Heather Victoria Hill
                                            Managing Partner
<PAGE>   59
CUSIP NO. 959080102                  13D                     Page 59 of 60 Pages



                                   EXHIBIT J

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned corporation
hereby constitutes and appoints IVAN IRWIN, JR. its true and lawful
attorney-in-fact and agent with full power of substitution for it and on its
behalf and in its name, place and stead, in any and all capacities, to sign,
execute, and file any and all schedules, reports, forms or other filings deemed
necessary, appropriate or convenient under the Securities Exchange Act of 1934
(the "EXCHANGE ACT"), and the rules and regulations promulgated thereunder,
with respect to beneficial ownership of shares of Common Stock , $.001 par
value, of Western Pacific Airlines, Inc. ("Common Stock") and changes in such
ownership, including, but not limited to, statements on Schedule 13D or
Schedule 13G relating to beneficial ownership of shares of Common Stock, any
Forms 3, 4 or 5 that may be required to be filed by or on behalf of the
undersigned corporation pursuant to Section 16(a) of the Exchange Act, together
with any amendment or amendments to such Schedules or Forms and all exhibits
and any and all documents required to be filed with respect thereto (including
agreements of joint filing), granting unto said attorney full power and
authority to do and to perform each and every act and thing deemed by said
attorney requisite, necessary or convenient to be done in and about the
premises in order to effectuate the same as fully to all intents and purposes
as the undersigned might or could do if personally present individually, hereby
ratifying and confirming all that said attorney-in-fact, and agent, or its
substitute or substitutes, may lawfully do or cause to be done.

         IN WITNESS WHEREOF, the undersigned has hereunto set its hand this
13th day of June, 1996.



                                        SEVEN FALLS COMPANY



                                        By: /s/ Lyda Hill, President          
                                            ----------------------------------
                                            Lyda Hill
                                            President
<PAGE>   60
CUSIP NO. 959080102                  13D                     Page 60 of 60 Pages




                                   EXHIBIT K

                               POWER OF ATTORNEY



STATE OF TEXAS     Section

COUNTY OF DALLAS   Section

         KNOW ALL MEN BY THESE PRESENTS, that the undersigned corporation
hereby constitutes and appoints IVAN IRWIN, JR. its true and lawful
attorney-in-fact and agent with full power of substitution for it and on its
behalf and in its name, place and stead, in any and all capacities, to sign,
execute, and file any and all schedules, reports, forms or other filings deemed
necessary, appropriate or convenient under the Securities Exchange Act of 1934
(the "EXCHANGE ACT"), and the rules and regulations promulgated thereunder,
with respect to beneficial ownership of shares of Common Stock , $.001 par
value, of Western Pacific Airlines, Inc. ("Common Stock") and changes in such
ownership, including, but not limited to, statements on Schedule 13D or
Schedule 13G relating to beneficial ownership of shares of Common Stock, any
Forms 3, 4 or 5 that may be required to be filed by or on behalf of the
undersigned corporation pursuant to Section 16(a) of the Exchange Act, together
with any amendment or amendments to such Schedules or Forms and all exhibits
and any and all documents required to be filed with respect thereto (including
agreements of joint filing), granting unto said attorney full power and
authority to do and to perform each and every act and thing deemed by said
attorney requisite, necessary or convenient to be done in and about the
premises in order to effectuate the same as fully to all intents and purposes
as the undersigned might or could do if personally present individually, hereby
ratifying and confirming all that said attorney-in-fact, and agent, or its
substitute or substitutes, may lawfully do or cause to be done.

         IN WITNESS WHEREOF, the undersigned has hereunto set its hand this
10th day of June, 1996.



                                        Free Throw, Inc.
                                        
                                        
                                        
                                        By:  /s/ James R. Wikert              
                                           -----------------------------------
                                             James R. Wikert
                                             Vice President
                                        


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