FLORES & RUCKS INC /DE/
SC 13G/A, 1996-10-07
CRUDE PETROLEUM & NATURAL GAS
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                               (Amendment No. 1)*

                    Under the Securities Exchange Act of 1934



                              Flores & Rucks, Inc.
- -------------------------------------------------------------------------------
                                (Name of Issuer)

                     Common Stock, par value $0.01 per share
- -------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   34039C 10 7
             ------------------------------------------------------
                                 (CUSIP Number)

Check the following box if a fee is being paid with the statement / /. (A fee is
not required only if the reporting person:  (1) has a previous statement on file
reporting  beneficial  ownership  of more  than  five  percent  of the  class of
securities  described  in Item 1;  and (2) has  filed  no  amendment  subsequent
thereto reporting  beneficial  ownership of five percent or less of such class.)
(See Rule 13d-7.)

*The  remainder of this cover page shall be filled out for a reporting  person's
initial filing on this form with respect to the subject class of securities, and
for  any  subsequent   amendment   containing   information  which  would  alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the  Securities  Exchange  Act of
1934 ("Act") or otherwise  subject to the liabilities of that section of the Act
but  shall be  subject  to all other  provisions  of the Act  (however,  see the
Notes).


                                Page 1 of 6 pages

<PAGE>



                                  SCHEDULE 13G

- ---------          -----------                              -----------------
CUSIP No.          34039C 10 7                              Page 2 of 6 pages
- ---------          -----------                              -----------------


1         NAME OF REPORTING PERSON
          S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          William W. Rucks, IV                                    ###-##-####
- --------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*       (a)     / /

                                                                  (b)     / /
- --------------------------------------------------------------------------------
3         SEC USE ONLY
- --------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          United States
- --------------------------------------------------------------------------------
           NUMBER OF            5        SOLE VOTING POWER
            SHARES                       363,158
         BENEFICIALLY           ------------------------------------------------
           OWNED BY             6        SHARED VOTING POWER
            EACH                         0
          REPORTING             ------------------------------------------------
           PERSON               7        SOLE DISPOSITIVE POWER
            WITH                         363,158
                                ------------------------------------------------
                                8        SHARED DISPOSITIVE POWER
                                         1,600,000
- --------------------------------------------------------------------------------
9        AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

         1,963,158
- --------------------------------------------------------------------------------
10       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
  
         / /
- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          10.0%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON

          IN
- --------------------------------------------------------------------------------
                      *SEE INSTRUCTIONS BEFORE FILLING OUT!


                                Page 2 of 6 pages

<PAGE>

                                                             Page 3 of 6 pages

ITEM 1.

         (a)      Name of Issuer:

                           Flores & Rucks, Inc.

         (b)      Address:

                           500 Dover Boulevard
                           Suite 300
                           Lafayette, Louisiana 70503

ITEM 2.

         (a)      Name of Person Filing:

                           William W. Rucks, IV

         (b)      Address of Principal Business Office or, if none, Residence:

                           500 Dover Boulevard
                           Suite 300
                           Lafayette, Louisiana 70503

         (c)      Citizenship:

                           United States of America

         (d)      Title of Class of Securities:

                           Common Stock, par value $0.01 per share

         (e)      CUSIP Number:

                           34039C-10-7

ITEM 3.

         If this  statement  is filed  pursuant to Rule  13d-1(b),  or 13d-2(b),
check whether the person filing is a:

         Not Applicable.

ITEM 4.  OWNERSHIP

         (a)      Amount Beneficially Owned:




<PAGE>


                                                              Page 4 of 6 pages

                           See cover page Item 9.

                           As of  September  25, 1996,  Mr.  Rucks  beneficially
                           owned  an  aggregate  of  1,963,158  shares  of  the
                           Company's  common stock. Of such shares,  50,000 are
                           deemed to be beneficially  owned by Mr. Rucks because
                           such shares are subject to options  held by Mr. Rucks
                           which  are  currently   exercisable  or  will  become
                           exercisable  within 60 days of the date of the filing
                           of this Schedule 13G.

         (b)      Percent of Class:

                           See cover page Item 11.

         (c)      Number of shares as to which Mr.Rucks has:

                  (i)      Sole power to vote or to direct the vote:

                           See cover page Item 5.

                  (ii)     Shared power to vote or to direct the vote:

                           See cover page Item 6.

                  (iii)    Sole power to dispose or to direct the disposition
                           of:

                           See cover page Item 7.

                  (iv)     Shared power to dispose or to direct the disposition
                           of:

                           See cover page Item 8.

ITEM 5.   OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

          Not Applicable

ITEM 6.   OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

          Not Applicable

Item 7.   IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED 
          THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
                 
          Not Applicable

Item 8.   IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

          Not Applicable



<PAGE>


                                                          Page 5 of 6 pages

Item 9.  NOTICE OF DISSOLUTION OF GROUP:

         Not Applicable

Item 10. CERTIFICATION:

         Not Applicable



<PAGE>


                                                           Page 6 of 6 pages


                                    SIGNATURE

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

Date: October 7, 1996


                                                   /s/ William W Rucks, IV
                                                   -------------------------
                                                       William W. Rucks, IV









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