<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 3)*
FLORES & RUCKS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
34039C 10 F
-------------------------------------
(CUSIP Number)
Jere C. Overdyke, Jr.
Enron Finance Corp.,
1400 Smith Street, Houston, TX 77002, (713) 853-6161
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
July 25, 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 the statement [_]. (A fee is
not required only if the reporting person (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 4 Pages
<PAGE>
SCHEDULE 13D
- ------------------------ ---------------------
CUSIP NO. 34039C 10 F PAGE 2 OF 4 PAGES
- ------------------------ ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Enron Finance Corp. I.R.S. No.: 76-0298373
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZTION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
150,000 shares of Flores & Rucks, Inc. Common Stock,
OWNED BY par value $.01 per share
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
Same as 8 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
Same as 8 above
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
12
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
.77% of Flores & Rucks, Inc.'s outstanding Common Stock, par value
$.01 per share
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
Page 2 of 4 pages
<PAGE>
SCHEDULE 13D
- ------------------------ ---------------------
CUSIP NO. 34039C 10 F PAGE 3 OF 4 PAGES
- ------------------------ ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Enron Corp. I.R.S. No.: 47-0255140
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [_]
5
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZTION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
150,000 shares of Flores & Rucks, Inc. Common Stock,
OWNED BY par value $.01 per share
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
Same as 8 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
Same as 8 above
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
12
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
.77% of Flores & Rucks, Inc.'s outstanding Common Stock, par value
$.01 per share
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
14
CO
- ------------------------------------------------------------------------------
Page 3 of 4 pages
<PAGE>
AMENDMENT TO STATEMENT ON SCHEDULE 13D
This Amendment No. 3 to Statement on Schedule 13D amends the Statement
on Schedule 13D dated December 12, 1994, as amended (the "Statement"), of Enron
Finance Corp., a Delaware corporation ("EFC") , and Enron Corp., a Delaware
corporation, with respect to shares of common stock, par value $.01 per share
("Common Stock"), of Flores & Rucks, Inc., a Delaware corporation. Capitalized
terms used but not defined herein are defined in the Statement and are used
herein with the same meanings ascribed thereto in the Statement.
Item 5. Interest in Securities of the Issuer:
- ------- ------------------------------------
On July 25, 1996, EFC sold 850,000 shares of Common Stock to Merrill
Lynch Capital Markets, p.l.c. ("Merrill") in a private transaction for $29.00
per share. On the same date, Merrill granted EFC a call option ("Call Option").
The Call Option will be cash settled and exercised automatically and without any
action on EFC's part when and to the extent Merrill sells Common Stock short to
hedge its position. In such case, payment to EFC under the Call Option will be
made as follows: (i) if the weighted average price per share of Common Stock
sold by Merrill to hedge its position is greater than $31.00 and less than or
equal to $31.25, the difference between the weighted average price per share so
sold and $31.00; or (ii) if the weighted average price per share of Common Stock
sold by Merrill to hedge its position is greater than $31.25, the sum of $.25
per share and 50% of the amount of the weighted average price per share so sold
in excess of $31.25. EFC has reduced its beneficial ownership of Common Stock
below 5% and accordingly will make no further filings unless its beneficial
ownership increases to 5% or above.
After reasonable inquiry and to the best knowledge of belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: July 29, 1996 ENRON FINANCE CORP.
By: /s/ Jere C. Overdyke, Jr.
------------------------------------
Jere C. Overdyke, Jr.
Managing Director
Date: July 29, 1996 ENRON CORP.
By: /s/ Peggy B. Menchaca
------------------------------------
Peggy B. Menchaca
Vice President
N:\LEGAL\WLS\SCH-13D\FLORES4.DOC
Page 4 of 4 Pages
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
FLORES & RUCKS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
34039C 10 F
-------------------------------------
(CUSIP Number)
Jere C. Overdyke, Jr.
Enron Finance Corp.,
1400 Smith Street, Houston, TX 77002, (713) 853-6161
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
March 19, 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 the statement [_]. (A fee is
not required only if the reporting person (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 11 Pages
<PAGE>
SCHEDULE 13D
- ------------------------ ---------------------
CUSIP NO. 34039C 10 F PAGE 2 OF 11 PAGES
- ------------------------ ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Enron Finance Corp. I.R.S. NO.: 76-0298373
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,000,000 shares of Flores & Rucks, Inc. Common
OWNED BY Stock, par value $.01 per share
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
Same as 8 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
Same as 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
12
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11
5.11% of Flores & Rucks, Inc.'s outstanding Common Stock, par value
$.01 per share.
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12
CO
- ------------------------------------------------------------------------------
Page 2 of 11 pages
<PAGE>
SCHEDULE 13D
- ------------------------ ---------------------
CUSIP NO. 34039C 10 F PAGE 3 OF 11 PAGES
- ------------------------ ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Enron Corp. I.R.S. NO.: 47-0255140
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
5 TO ITEMS 2(d) or 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,000,000 shares of Flores & Rucks, Inc. Common
OWNED BY Stock, par value $.01 per share
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
Same as 8 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
Same as 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_]
12
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
11
5.11% of Flores & Rucks, Inc.'s outstanding Common Stock, par value
$.01 per share.
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON
12
CO
- ------------------------------------------------------------------------------
Page 3 of 11 pages
<PAGE>
AMENDMENT TO STATEMENT ON SCHEDULE 13D
This Amendment No. 2 to Statement on Schedule 13D (this "Amendment")
amends the Statement on Schedule 13D dated December 12, 1994 (the "Statement"),
as amended by Amendment No. 1 thereto dated April 13, 1995 ("Amendment No. 1"),
of Enron Finance Corp., a Delaware corporation ("EFC"), and Enron Corp., a
Delaware corporation ("ENRON"), with respect to shares of the common stock, par
value $.01 per share ("Common Stock"), of Flores & Rucks, Inc., a Delaware
corporation ("FRI"). Capitalized terms used but not defined herein are defined
in the Statement and are used herein with the same meanings ascribed thereto in
the Statement.
Item 5. Interest in Securities of the Issuer:
- ------- ------------------------------------
Item 5 of Amendment No. 1 is hereby deleted and restated in its
entirety as follows:
According to FRI, there were 19,550,790 shares of Common Stock
outstanding as of March 31, 1996, and all percentage calculations in this
Amendment are based on such amount. EFC beneficially owns and has the power to
vote and dispose of 1,000,000 shares of Common Stock (5.11% of the outstanding
Common Stock). Because EFC is an indirect, wholly owned subsidiary of ENRON,
ENRON may also be deemed to beneficially own such shares.
Item 6. Contracts, Arrangements, Understanding or Relationships With Respect
- ------- --------------------------------------------------------------------
to Securities of the Issuer:
---------------------------
Certain restrictions on the transfer of the 1,000,000 shares of Common
Stock owned by EFC are set forth in a letter dated February 21, 1996 from EFC to
Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Howard,
Weil, Labouisse, Friedrichs Incorporated, and Petrie Parkman & Co., Inc., as
Representatives of certain underwriters. Additionally, pursuant to a letter
agreement dated January 19, 1996, EFC, FRI and FRI Louisiana amended certain
registration rights granted to EFC by FRI as set forth in the Registration
Rights Agreement dated December 7, 1994 between EFC, FRI and FRI Louisiana.
Item 7. Material to be Filed as Exhibits:
- ------- --------------------------------
Exhibit A: Letter dated February 21, 1996 from EFC to Merrill Lynch &
Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Howard, Weil,
Labouisse, Friedrichs Incorporated, and Petrie Parkman & Co., Inc., as
Representatives of certain underwriters.
Exhibit B: Letter Agreement dated January 19, 1996 among EFC, FRI and
FRI Louisiana.
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: April 17, 1996 ENRON FINANCE CORP.
By: /S/ Frank Stabler
-------------------------------
Frank Stabler
Vice President
Date: April 17, 1996 ENRON CORP.
By: /S/ Peggy B. Menchaca
-------------------------------
Peggy B. Menchaca
Vice President
Page 4 of 11 Pages
<PAGE>
EXHIBIT INDEX
-------------
<TABLE>
<CAPTION>
EXHIBIT PAGE
- ------- ----
<S> <C>
Exhibit A Letter dated February 21, 1996 from EFC to Merrill Lynch & Co., 6
Merrill Lynch, Pierce, Fenner & Smith Incorporated, Howard,
Weil, Labouisse, Friedrichs Incorporated, and Petrie Parkman &
Co., Inc., as Representatives of certain underwriters.
Exhibit B Letter Agreement dated January 19, 1996 among EFC, 9
FRI and FRI Louisiana.
</TABLE>
Page 5 of 11 Pages
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)/*/
--
FLORES & RUCKS, INC.
-------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
34039C 10 F
------------------------------------------
(CUSIP Number)
Jere C. Overdyke, Jr.
Enron Finance Corp.,
1400 Smith Street, Houston, TX 77002, (713) 853-6161
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 12, 1995
------------------------------------------
(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 five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
/*/The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 5 Pages
<PAGE>
- ------------------------ ---------------------
CUSIP NO. 34039C 10 F SCHEDULE PAGE 2 OF 5 PAGES
- ------------------------ 13D ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Enron Finance Corp. I.R.S. No.: 76-0298373
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [_]
5 ITEMS 2(d) OR 2(e)
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
______________________________________________________________________________
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,000,000 shares of Flores & Rucks, Inc.
OWNED BY Common Stock, par value $.01 per share
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
Same as 8 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
Same as 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
12 CERTAIN SHARES* [_]
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.6% of Flores & Rucks, Inc.'s outstanding Common Stock, par value
$.01 per share.
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 5 pages
<PAGE>
- ------------------------ ---------------------
CUSIP NO. 34039C 10 F SCHEDULE PAGE 3 OF 5 PAGES
- ------------------------ 13D ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Enron Corp. I.R.S. No.: 47-0255140
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO [_]
5 ITEMS 2(d) OR 2(e)
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
______________________________________________________________________________
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,000,000 shares of Flores & Rucks, Inc.
OWNED BY Common Stock, par value $.01 per share
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
Same as 8 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
Same as 8 above
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
12 CERTAIN SHARES*
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.6% of Flores & Rucks, Inc.'s outstanding Common Stock, par value
$.01 per share.
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 5 pages
<PAGE>
AMENDMENT TO STATEMENT ON SCHEDULE 13D
This Amendment No. 1 to Statement on Schedule 13D ("Amendment") amends
the Statement on Schedule 13D dated December 12, 1994, (the "Statement") of
Enron Finance Corp., a Delaware corporation ("EFC") and Enron Corp., a Delaware
corporation ("ENRON") with respect to shares of the common stock, par value $.01
per share ("Common Stock") of Flores & Rucks, Inc., a Delaware corporation
("FRI"). Capitalized terms used but not defined herein are defined in the
Statement and are used herein with the same meanings ascribed thereto in the
Statement.
Item 4. Purpose of Transaction:
- ------- ----------------------
The last paragraph of Item 4 of the Statement is hereby deleted in its
entirety.
Item 5. Interest in Securities of the Issuer:
- ------ ------------------------------------
Item 5 is hereby deleted and restated in its entirety as follows:
According to FRI's Annual Report on Form 10K for the year ended
December 31, 1994, there were 15,044,125 shares of FRI Common Stock outstanding
as of March 15, 1995, and all percentage calculations in this Amendment are
based on such amount. EFC beneficially owns and has the power to vote and
dispose of 1,000,000 shares of Common Stock (6.6% of FRI's outstanding Common
Stock). Because EFC is an indirect, wholly owned subsidiary of ENRON, ENRON may
also be deemed to beneficially own such shares, although ENRON disclaims
beneficial ownership of such shares.
During the past 60 days, JEDI made the following sales of Common
Stock:
<TABLE>
<CAPTION>
NUMBER OF PRICE
DATE SHARES SOLD PER SHARE
---- ----------- ---------
<S> <C> <C>
April 6, 1995 25,000 $ 12.25
April 10, 1995 70,000 $ 12.25
April 11, 1995 5,000 $ 12.125
April 12, 1995 125,000 $ 12.25
April 12, 1995 25,000 $ 12.375
</TABLE>
All of such sales were conducted in brokerage transactions through the
facilities of the NASDAQ Stock Market.
Except as set forth herein, neither of the Reporting Entities nor, to
their knowledge, ECT or any of the persons named in Schedule I hereto has
effected any transaction in the Common Stock during the preceding 60 days.
Page 4 of 5 Pages
<PAGE>
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: April 13, 1995 ENRON FINANCE CORP.
----------------
By: /s/ Jere C. Overdyke, Jr.
------------------------------
Jere C. Overdyke, Jr.
Vice President
Date: April 13, 1995 ENRON CORP.
----------------
By: /s/ Peggy B. Menchaca
--------------------------
Peggy B. Menchaca
Vice President and Secretary
Page 5 of 5 Pages
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.____)/*/
FLORES & RUCKS, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE
- --------------------------------------------------------------------------------
(Title of Class of Securities)
34039C 10 F
------------------------------------
(CUSIP Number)
Jere C. Overdyke, Jr.
Enron Finance Corp.,
1400 Smith Street, Houston, TX 77002, (713) 853-6161
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
December 7, 1994
------------------------------------
(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: [X] (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed with
the Commission. See Rule 13d-1(a) for other parties to whom copies are to be
sent.
/*/The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on following page(s))
Page 1 of 6 Pages
<PAGE>
- ------------------------ ---------------------
CUSIP NO. 34039C 10 F SCHEDULE PAGE 2 OF 6 PAGES
- ------------------------ 13D ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Enron Finance Corp. I.R.S. No.: 76-0298373
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,000,000 shares of Flores & Rucks, Inc. Common
OWNED BY Stock, par value $.01 per share
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
Same as 8 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
Same as 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_]
12
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
6.667% of Flores & Rucks, Inc.'s outstanding Common Stock, par value
$.01 per share.
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 2 of 6 pages
<PAGE>
- ------------------------ ---------------------
CUSIP NO. 34039C 10 F SCHEDULE PAGE 3 OF 6 PAGES
- ------------------------ 13D ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Enron Corp., I.R.S. No.: 47-0255140
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
N/A
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
SOURCE OF FUNDS*
4
00
- ------------------------------------------------------------------------------
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
5 ITEMS 2(d) OR 2(e) [_]
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
6
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
7
NUMBER OF
-0-
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 8
1,250,000 shares of Flores & Rucks, Inc. Common
OWNED BY Stock, par value $.01 per share
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
9
REPORTING
-0-
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 10
Same as 8 above.
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11
Same as 8 above.
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [_]
12
N/A
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13
8.334% of Flores & Rucks, Inc.'s outstanding Common Stock, par value
$.01 per share.
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
14
CO
- ------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT!
Page 3 of 6 pages
<PAGE>
Item 1. Security and Issuer:
- ------- -------------------
This statement relates to the Common Stock, par value $.01 per share
(the "Common Stock"), of Flores & Rucks, Inc., a Delaware corporation ("FRI"),
whose principal executive offices are located at 8440 Jefferson Highway, Suite
420, Baton Rouge, Louisiana 70809.
Item 2. Identity and Background:
- ------- -----------------------
This statement is being filed by (i) Enron Finance Corp., a Delaware
corporation ("EFC"), which is engaged primarily in the business of arranging
production payments and other financing transactions and (ii) Enron Corp., a
Delaware corporation ("ENRON"), which is in an integrated natural gas company
that engages, primarily through subsidiaries, in the gathering, transportation
and wholesale marketing of natural gas, the exploration for and production of
natural gas and crude oil, the production, purchase, transportation and
worldwide marketing and trading of natural gas liquids, crude oil and refined
petroleum products, the production and sale of cogenerated electricity and steam
and the purchasing and marketing of long-term energy-related commitments. EFC
and ENRON are referred to herein as the "Reporting Entities." An additional
entity which may be deemed to be a control person of EFC is Enron Capital &
Trade Resources Corp., a Delaware corporation ("ECT"), whose principal business
is the purchase of natural gas, gas liquids and power through a variety of
contractual arrangements and marketing these energy products to local
distribution companies, electric utilities, cogenerators and both commercial and
industrial end-users. ECT also provides risk management services. EFC is a
wholly owned subsidiary of ECT and an indirect, wholly owned subsidiary of
ENRON. The address of the principal business office of ENRON, EFC and ECT is
1400 Smith Street, Houston, Texas 77002. Schedule I attached hereto sets forth
certain additional information with respect to each director and each executive
officer of EFC and ENRON. The filing of this statement on Schedule 13D shall
not be construed as an admission that ENRON or ECT or any person listed on
Schedule I hereto is, for the purposes of Section 13(d) or 13(g) of the
Securities Exchange Act of 1934, the beneficial owner of any securities covered
by this statement.
Neither of the Reporting Entities, nor, to their knowledge, ECT or any
person listed on Schedule I hereto, has been, during the last five years (a)
convicted of any criminal proceeding (excluding traffic violations or similar
misdemeanors) or (b) 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 future
violations of, or prohibiting or mandating activities subject to, U.S. federal
or state securities laws or finding any violations with respect to such laws.
Page 4 of 6 Pages
<PAGE>
Item 3. Source and Amount of Funds or Other Consideration:
- ------- -------------------------------------------------
On December 7, 1994, EFC exchanged $1,000 plus its option to acquire
interests in certain properties or equity of Flores & Rucks, L.L.C. ("FRI
L.L.C."), an affiliate of FRI, (which option was issued to EFC in connection
with the sale to an affiliate of EFC by Flores & Rucks, Inc., a Louisiana
Corporation, ("FRI Louisiana") of certain production payments relating to
certain properties owned by FRI L.L.C. under that Option Agreement by and among
FRI Louisiana, FRI L.L.C. and EFC dated March 22, 1994) for 1,000,000 shares of
Common Stock. EFC paid the $1,000 from its working capital.
Additionally, on December 7, 1994, Joint Energy Development
Investments Limited Partnership ("JEDI"), an affiliate of ENRON, purchased
250,000 shares of Common Stock for $2,500,000. Enron Capital Corp. ("ECC"), the
general partner of JEDI, is an indirect, wholly owned subsidiary of ENRON. JEDI
paid for such shares from available cash.
Item 4. Purpose of Transaction:
- ------- ----------------------
The 1,000,000 shares of Common Stock were acquired by EFC for
investment purposes. Additionally, the 250,000 shares of Common Stock were
acquired by JEDI for investment purposes. Both EFC and JEDI intend to review
their investment in the Common Stock on a continuing basis and, depending upon
the price of, and other market conditions relating to, the Common Stock,
subsequent developments affecting FRI, FRI's business and prospects, other
investment and business opportunities available to EFC and JEDI, general stock
market and economic conditions, tax considerations and other factors deemed
relevant, may decide to increase or decrease the size of their investment in FRI
or to purchase or sell puts or calls with respect to the securities of FRI, or
engage in similar transactions.
Other than the transactions described herein, neither of the Reporting
Entities nor to their knowledge, ECT or any of the persons named in Schedule I
hereto has effected any transactions in shares of Common Stock of FRI during the
preceding sixty days.
Item 5. Interest in Securities of the Issuer:
- ------- ------------------------------------
EFC beneficially owns and has the power to vote and dispose of
1,000,000 shares of Common Stock (6.667% of FRI's outstanding Common Stock).
Because EFC is an indirect, wholly owned subsidiary of ENRON, ENRON may also be
deemed to beneficially own such shares. JEDI beneficially owns and has the
power to vote and dispose of 250,000 shares of Common Stock (1.667% of FRI's
outstanding Common Stock). Because ECC, the general partner of JEDI, is an
indirect wholly owned subsidiary of ENRON, ENRON may be deemed to beneficially
own the 250,000 shares owned by JEDI. Therefore, ENRON may be deemed to
beneficially own an aggregate 1,250,000 shares of the Common Stock (8.334% of
FRI's outstanding Common Stock). ENRON disclaims beneficial ownership of the
entire 1,250,000 shares.
Page 5 of 6 Pages
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
- ------- ---------------------------------------------------------------------
to Securities of the Issuer:
---------------------------
Certain restrictions on the transfer of the 1,000,000 shares of Common
Stock owned by EFC are set forth in the Letter Agreement dated as of September
22, 1994 between EFC, FRI Louisiana and FRI L.L.C. and the Letter Agreement
dated November 14, 1994 between EFC and Merrill Lynch & Co., Merrill Lynch,
Pierce, Fenner & Smith Incorporated and Petrie Parkman & Co., Inc., as
Representatives of certain underwriters. Additionally, certain registration
rights granted to EFC by FRI are set forth in the Registration Rights Agreement
dated December 7, 1994 between EFC, FRI and FRI Louisiana.
Item 7. Material to be Filed as Exhibits:
- ------- --------------------------------
Exhibit A: Provisions of Letter Agreement dated as of September 22,
1994 between EFC, FRI Louisiana and FRI L.L.C. relating to the transfer of the
Common Stock.
Exhibit B: Registration Rights Agreement dated December 7, 1994
between EFC, FRI and FRI Louisiana.
Exhibit C: Letter Agreement dated November 14, 1994 between EFC and
Merrill Lynch & Co., Merrill Lynch, Pierce, Fenner & Smith Incorporated and
Petrie Parkman & Co., Inc., as Representatives of certain underwriters.
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct.
Date: December 12, 1994 ENRON FINANCE CORP.
-----------------
By: /s/ Jere C. Overdyke, Jr.
---------------------------
Name: Jere C. Overdyke, Jr.
---------------------------
Title: Vice President
---------------------------
Date: December 12, 1994 ENRON CORP.
-----------------
By: /s/ Peggy B. Menchaca
---------------------------
Name: Peggy B. Menchaca
F:\jc1015\ENRON\EFC13D.N22 ---------------------------
Title: Vice President and
Secretary
Page 6 of 6 Pages
<PAGE>
SCHEDULE I
DIRECTORS AND EXECUTIVE OFFICERS
ENRON FINANCE CORP.
<TABLE>
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
<S> <C> <C>
1400 Smith Street
Houston, TX 77002
James V. Derrick, Jr. U.S.A. Director
John J. Esslinger U.S.A. Director, Vice Chairman, Chief Operating Officer and Managing Director
Jeffrey K. Skilling U.S.A. Director, Chairman, Chief Executive Officer and Managing Director
Gene E. Humphrey U.S.A. President and Managing Director
Mark E. Haedicke U.S.A. Managing Director and General Counsel
</TABLE>
I-1
<PAGE>
DIRECTORS AND EXECUTIVE OFFICERS
ENRON CORP.
<TABLE>
<CAPTION>
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
<S> <C> <C>
Robert A. Belfer U.S.A. Director
767 Fifth Avenue, 46th Fl. Former President and Chairman, Belco Petroleum Corporation
New York, NY 10153
Norman P. Blake, Jr. U.S.A. Director
USF&G Corporation Chairman, United States Fidelity and Guaranty Company
100 Light St., 35th Fl.
Baltimore, MD 21202
John H. Duncan U.S.A. Director
5851 San Felipe, Suite 850 Former Chairman of the Executive Committee of Gulf & Western Industries, Inc.
Houston, TX 77057
Joe H. Foy U.S.A. Director
2900 South Tower Retired Senior Partner, Bracewell & Patterson
Pennzoil Place
Houston, TX 77002
Wendy L. Gramm U.S.A. Director
P.O. Box 39134 Former Chairman, U.S. Commodity Futures Trading Commission
Washington, D.C. 20016
Robert K. Jaedicke U.S.A. Director
Graduate School of Former Dean, Graduate School of Business, Stanford University
Business
Stanford University
Stanford, CA 94305
Charles A. Lemaistre U.S.A. Director
The University of Texas President, University of Texas M.D. Anderson Cancer Center
M.D. Anderson Cancer Ctr.
1515 Holcombe
Houston, TX 77030
John A. Urquhart U.S.A. Director
John A. Urquhart Vice Chairman, Enron Corp., President, John A. Urquhart Associates,
111 Beach Road and Former Senior Vice President of Industrial and Power Systems, General
Fairfield, CT 06430 Electric Company
</TABLE>
I-2
<PAGE>
DIRECTORS AND EXECUTIVE OFFICERS
ENRON CORP.
<TABLE>
<CAPTION>
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
(continued)
<S> <C> <C>
Charls E. Walker U.S.A. Director
Walker/Free Associates, Chairman, Walker/Free Associates, Inc., and Former Deputy Secretary
Suite 200 of the Treasury
1730 Pennsylvania Ave. NW
Washington, D.C. 20006
Herbert S. Winokur, Jr. U.S.A. Director
Winokur & Associates, Inc. President, Winokur & Associates, Inc., and Former Senior Executive
72 Cummings Point Road Vice President, Penn Central Corporation
Stamford, CT 06902
1400 Smith Street
Houston, Texas 77002
Kenneth L. Lay U.S.A. Director, Chairman and Chief Executive Officer
Richard D. Kinder U.S.A. Director, President and Chief Operating Officer
Robert C. Kelly U.S.A. Executive Vice President and Chief Strategy Officer and President, Enron
Emerging Technologies, Inc.
Edmund P. Segner, III U.S.A. Executive Vice President and Chief of Staff
James V. Derrick, Jr. U.S.A. Senior Vice President and General Counsel
Jack I. Tompkins U.S.A. Senior Vice President and Chief Information, Administrative and Accounting
Officer
James G. Barnhart U.S.A. Senior Vice President
</TABLE>
I-3
<PAGE>
DIRECTORS AND EXECUTIVE OFFICERS
ENRON CORP.
<TABLE>
<CAPTION>
Name and Business Address Citizenship Position and Occupation
- ------------------------- ----------- -----------------------
<S> <C> <C>
1400 Smith Street
Houston, Texas 77002
Robert J. Hermann U.S.A. Vice President, Tax
Kurt S. Huneke, Sr. U.S.A. Vice President, Finance and Treasurer
Robert H. Butts U.S.A. Vice President and Controller
Thomas E. White U.S.A. Chairman and Chief Executive Officer, Enron Operations Company
Ronald J. Burns U.S.A. Co-Chairman and Chief Executive Officer, Enron Capital & Trade
Resources Corp.
Jeffrey K. Skilling U.S.A. Co-Chairman and Chief Executive Officer, Enron Capital & Trade
Resources Corp.
Rodney L. Gray U.S.A. Chairman and Chief Executive Officer, Enron International
</TABLE>
I-4
