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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
DevX Energy, Inc.
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(Name of Issuer)
Common Stock, par value $0.234 per share
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(Title of Class of Securities)
747927 10 1
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(CUSIP Number)
Julia Heintz Murray
General Counsel - Finance
Enron North America Corp.
1400 Smith Street
Houston, Texas 77002
(713) 853-4794
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
October 31, 2000
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(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 [ ].
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).
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SCHEDULE 13D
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CUSIP NO.: 747927 10 1
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1 NAME OF REPORTING PERSON
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Joint Energy Development Investments Limited Partnership
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
N/A (b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
-0-
NUMBER OF -------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 16,891
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON -------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
16,891
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,891
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%*
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14 TYPE OF REPORTING PERSON
PN
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*Assumes 11,250,000 shares of voting capital stock are issued and outstanding,
as described in the Issuer's prospectus filed October 27, 2000.
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SCHEDULE 13D
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CUSIP NO.: 747927 10 1
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1 NAME OF REPORTING PERSON
S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON
Enron Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
N/A (b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Oregon
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7 SOLE VOTING POWER
-0-
NUMBER OF -------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY 16,891
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON -------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
16,891
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
16,891
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0%*
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14 TYPE OF REPORTING PERSON
CO
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*Assumes 11,250,000 shares of voting capital stock are issued and outstanding,
as described in the Issuer's prospectus filed October 27, 2000.
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Note: This Schedule 13D/A amendment is being filed by Joint Energy Development
Investments Limited Partnership ("JEDI") and Enron Corp. ("Enron"), which are
collectively referred to as the "Reporting Entities." All information with
respect to DevX Energy, Inc. (formerly known as Queen Sand Resources, Inc.), a
Delaware corporation (the "Issuer"), is presented to the best knowledge and
belief of the Reporting Entities. The joint Schedule 13D of Enron and JEDI filed
May 19, 1997, as amended by a Schedule 13D/A filed October 7, 1998, as amended
by a Schedule 13D/A filed October 25, 2000, is further amended by the following:
Item 4. Purpose of Transaction.
On October 31, 2000, JEDI exchanged its 9,600,000 shares of Series A
Participating Convertible Preferred Stock for 212,500 shares of common stock,
par value $0.234 per share ("Common Stock"), pursuant to the Settlement
Agreement described in greater detail in the Issuer's Registration Statement on
Form S-2 (No. 333-41992). As a result of that transaction, the Reporting
Entities on that date ceased to be the beneficial owners of more than five
percent of the Common Stock.
These 212,500 shares were sold in a private transaction on December 14,
2000 for $7.00 per share. Therefore, JEDI now only holds the 16,891 post-split
shares of Common Stock that it received pursuant to the Issuer's recent reverse
stock split, in consideration of its 2,634,952 pre-split shares.
Except as described herein, none of the Reporting Entities, nor, to
their knowledge, Enron Capital Management Limited Partnership, Enron Capital
Corp., or Enron North America Corp. has effected any transactions in any shares
of Common Stock during the past sixty days.
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SIGNATURE
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.
January 17, 2001 JOINT ENERGY DEVELOPMENT
INVESTMENTS LIMITED PARTNERSHIP
By: Enron Capital Management Limited
Partnership, its general partner
By: Enron Capital Corp., its general
partner
By: /s/ Julia Heintz Murray
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Name: Julia Heintz Murray
Title: Managing Director; General Counsel,
Finance; and Secretary
January 17, 2001 ENRON CORP.
By: /s/ Angus H. Davis
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Name: Angus H. Davis
Title: Vice President and Corporate
Secretary