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| OMB APPROVAL |
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|OMB NUMBER: 3235-0145|
UNITED STATES |EXPIRES: |
SECURITIES AND EXCHANGE COMMISSION | OCTOBER 31, 2002 |
Washington, D.C. 20549 |ESTIMATED AVERAGE |
|BURDEN HOURS |
|PER RESPONSE ...14.90|
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
DevX Energy, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class and Securities)
25189P203
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(CUSIP Number)
October 27, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
( ) Rule 13d-1(b)
(X ) Rule 13d-1(c)
( ) Rule 13d-1(d)
*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 the disclosures provided in a prior cover page.
The information required in 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).
SCHEDULE 13G
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
MFP Investors, LLC
51 John F. Kennedy Parkway
2nd Floor
Short Hills, NJ 07078
("MFP Investors")
Michael F. Price
51 John F. Kennedy Parkway
2nd Floor
Short Hills, NJ 07078
Michael F. Price is the controlling person of MFP Investors.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) (X)
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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(5) SOLE VOTING POWER
NUMBER OF 600,000
SHARES -----------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY
EACH 0
REPORTING -----------------------------------
PERSON (7) SOLE DISPOSITIVE POWER
WITH
600,000
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(8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
600,000
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES (See Instructions) |_|
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.33%
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(12) TYPE OF REPORTING PERSON (See Instructions)
MFP Investors: OO
Michael F. Price: IN
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Item 1(a). Name of Issuer: DevX Energy, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
13760 Noel Road
Suite 1030
Dallas, TX 75240-7336
Item 2(a). Name of Person Filing: MFP Investors, LLC and
Michael F. Price
Item 2(b). Address of Principal Business Office:
51 John F. Kennedy Parkway
2nd Floor
Short Hills, NJ 07078
Item 2(c). Citizenship: Delaware
Item 2(d). Title of Class of Securities: Common Stock
Item 2(e). CUSIP Number: 25189P203
Item 3. If this statement is filed pursuant to Rule 13d-1(b),
or 13d-2(b) or (c), Check whether the person filing is:
Not applicable.
Item 4. Ownership.*
(a). Amount beneficially owned: 600,000
(b). Percentage of Class: 5.33%
(c). Number of Shares as to which such person has:
1. Sole power to vote or to direct the vote: 600,000
2. Shared power to vote or direct vote: 0
3. Sole power to dispose or to direct
the disposition of: 600,000
4. Shared power to dispose or to direct
the disposition of: 0
* Michael F. Price, as the controlling person of MFP Investors,
LLC, has the power to control all investment and voting
decisions made by MFP Investors, LLC.
Item 5. Ownership of Five Percent or Less of a Class: ( )
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
MFP Partners, LP, of which the directing person is MFP
Investors, LLC, beneficially owns 426,000 common shares (3.8%).
Yale University Endowment Separate Account, as to which MFP
Investors, LLC has sole investment discretion, beneficially
owns 174,000 common shares (1.5%).
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.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not
held in connection with or as a participant in any transaction having that
purpose or effect.
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.
November 6, 2000
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(Signature)
Michael F. Price
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Managing Member
MFP Investors, LLC
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Michael F. Price
