-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NvjU9AOUgJJiOrBTaxfMHiv6WYCTCk/BXLdis9atUUPZm90sv83atV7buFL6NpQQ Mmj79ibO1freJl3wLX27iA== 0000950134-96-006870.txt : 19961217 0000950134-96-006870.hdr.sgml : 19961217 ACCESSION NUMBER: 0000950134-96-006870 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19961216 SROS: NONE GROUP MEMBERS: HUNT CONSOLIDATED, INC. GROUP MEMBERS: HUNT OIL COMPANY GROUP MEMBERS: LOYAL TRUST NO.1 GROUP MEMBERS: RRH CORP SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KEY ENERGY GROUP INC CENTRAL INDEX KEY: 0000318996 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 042648081 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-34118 FILM NUMBER: 96680759 BUSINESS ADDRESS: STREET 1: 255 LIVINGSTON AVE CITY: NEW BRUNSWICK STATE: NJ ZIP: 08901 BUSINESS PHONE: 9155705721 MAIL ADDRESS: STREET 1: P O BOX 10627 CITY: MIDLAND STATE: TX ZIP: 79702 FORMER COMPANY: FORMER CONFORMED NAME: YANKEE COMPANIES INC DATE OF NAME CHANGE: 19891012 FORMER COMPANY: FORMER CONFORMED NAME: YANKEE OIL & GAS INC DATE OF NAME CHANGE: 19841122 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: RRH CORP CENTRAL INDEX KEY: 0001028984 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 1445 ROSS FIELD STREET 2: 20TH FLOOR CITY: DALLAS STATE: TX ZIP: 75202 BUSINESS PHONE: 2149788000 MAIL ADDRESS: STREET 1: 1445 ROSS FIELD STREET 2: 20TH FLOOR CITY: DALLAS STATE: TX ZIP: 75202 SC 13D 1 SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Key Energy Group, Inc. ---------------------- (Name of Issuer) Common Stock, $.10 par value - -------------------------------------------------------------------------------- (Title of Class of Securities) 492914106 - -------------------------------------------------------------------------------- (CUSIP Number) Richard A. Massman, Esq. Fountain Place, 20th Floor 1445 Ross at Field Dallas, Texas 75202 (214) 978-8000 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 4, 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. [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 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 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 pages(s)) Page 1 of 11 Pages Exhibit Index located on page 9. 2 CUSIP NO. 492914106 Page 2 of 11 Pages ----------------- ----- ----- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person RRH Corporation - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 Source of Funds* 00 (See Item 3) - -------------------------------------------------------------------------------- 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 0 Shares --------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 917,500 Each --------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 With --------------------------------------------------- 10 Shared Dispositive Power 917,500 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 917,500 - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.05% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 3 CUSIP NO. 492914106 Page 3 of 11 Pages ----------------- ----- ----- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Hunt Consolidated, Inc. - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 Source of Funds* 00 (See Item 3) - -------------------------------------------------------------------------------- 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 0 Shares --------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 917,500 Each --------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 With --------------------------------------------------- 10 Shared Dispositive Power 917,500 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 917,500 - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.05% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 4 CUSIP NO. 492914106 Page 4 of 11 Pages ---------------- ----- ----- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Hunt Oil Company - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 Source of Funds* 00 (See Item 3) - -------------------------------------------------------------------------------- 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 0 Shares --------------------------------------------------- Beneficially 8 Shared Voting Power Owned By 917,500 Each --------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 With --------------------------------------------------- 10 Shared Dispositive Power 917,500 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 917,500 - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.05% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* CO - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 5 CUSIP NO. 492914106 Page 5 of 11 Pages ----------------- ----- ----- - -------------------------------------------------------------------------------- 1 Name of Reporting Person S.S. or I.R.S. Identification No. of Above Person Loyal Trust No. 1 - -------------------------------------------------------------------------------- 2 Check the Appropriate Box if a Member of a Group* (a) [ ] (b) [ ] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 Source of Funds* 00 (See Item 3) - -------------------------------------------------------------------------------- 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 917,500 Each --------------------------------------------------- Reporting 9 Sole Dispositive Power Person 0 With --------------------------------------------------- 10 Shared Dispositive Power 917,500 - -------------------------------------------------------------------------------- 11 Aggregate Amount Beneficially Owned by Each Reporting Person 917,500 - -------------------------------------------------------------------------------- 12 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares* [ ] - -------------------------------------------------------------------------------- 13 Percent of Class Represented by Amount in Row (11) 8.05% - -------------------------------------------------------------------------------- 14 Type of Reporting Person* 00 (See Item 2) - -------------------------------------------------------------------------------- *SEE INSTRUCTIONS BEFORE FILLING OUT! 6 Item 1. Security and Issuer. The class of equity securities to which this Statement relates is the Common Stock, $.10 par value ("Key Common Stock"), of Key Energy Group, Inc., a Maryland corporation (the "Company"). The address of the principal executive offices of the Company is Two Tower Center, Tenth Floor, East Brunswick, New Jersey 08816. Item 2. Identity and Background. Hunt Oil Company, a Delaware corporation ("Hunt"), Hunt Consolidated, Inc., a Delaware corporation ("Consolidated"), RRH Corporation, a Delaware corporation ("RRH"), and Loyal Trust No. 1, a Texas private trust (the "Trust") are filing this Statement. The address of the principal place of business and principal office of each of Hunt, Consolidated, RRH and Loyal is Fountain Place, 20th Floor, 1445 Ross at Field, Dallas, Texas 75202. (a)-(c), (f). Hunt is a private company principally engaged in the exploration for and development and production of oil and natural gas. Consolidated and RRH are private investment vehicles of the Hunt family. Loyal is a private trust that holds various investments, including voting common stock of RRH. The name; business address; present principal occupation or employment; and the name, principal business and address of each corporation or other organization in which such occupation or employment is conducted for each executive officer or director, each controlling person, and each executive officer or director of such controlling person of Hunt, Consolidated, RRH and Loyal are set forth on Schedule 1 hereto, which Schedule is incorporated herein by reference. All such persons are United States citizens. (d) and (e). Neither Hunt, Consolidated, RRH or Loyal, nor, to the best knowledge of Hunt, Consolidated, RRH or Loyal, any of the persons listed on Schedule 1 attached hereto, has during the last five 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 future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation of such laws. Item 3. Source and Amount of Funds or Other Consideration. Hunt all of the acquired 917,500 shares of Key Common Stock (the "Shares") it currently holds pursuant to the terms of that certain Plan and Agreement of Merger among the Company, WellTech Eastern, Inc. ("WellTech"), Hunt and Brooks Well Servicing, Inc. ("Brooks"), dated as of November 22, 1996 (the "Merger Agreement"). Brooks was a wholly-owned subsidiary of Hunt. Pursuant to the terms of the Merger Agreement, Brooks was merged with and into Well Tech, a wholly-owned subsidiary of the Company, and WellTech was the surviving corporation. At the effective time of the merger of Brooks with and into WellTech, the 167 shares of capital stock of Brooks held by Hunt were converted into 917,500 shares of Key Common Stock. Page 6 of 11 7 Item 4. Purpose of Transaction. Hunt acquired the Shares pursuant to the terms of the Merger Agreement and is holding them for investment purposes. Item 5. Interest in the Securities of the Issuer. (a)(b) Hunt holds 917,500 shares of Key Common Stock directly. Loyal, RRH and Consolidated may be deemed to share dispositive and voting power with Hunt with respect to such shares and therefore each may be deemed to own beneficially the shares which Hunt beneficially owns. On the basis of information supplied to Hunt by the Company, the Company has 11,398,029 issued and outstanding shares of Key Common Stock. On the basis of such disclosure, Hunt beneficially owns 8.05% of the issued and outstanding shares of Common Stock. (c) Except as set forth herein, neither Hunt nor any person named in response to Item 2 (including those persons named in Schedule 1 attached hereto) has engaged in any transaction with respect to the Key Common Stock during the past 60 days. (d) None. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings, or Relationships with Respect to Securities of the Issuer. None. Page 7 of 11 8 SIGNATURE After due 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. Date: December 13, 1996 HUNT OIL COMPANY, a Delaware corporation By: /s/ Gary T. Hurford ------------------------------------ Name: Gary T. Hurford Title: President Date: December 13, 1996 HUNT CONSOLIDATED, INC., a Delaware corporation By: /s/ Richard A. Massman ------------------------------------ Name: Richard A. Massman Title: Senior Vice President, General Counsel and Secretary Date: December 13, 1996 RRH CORPORATION, a Delaware corporation By: /s/ Richard A. Massman ------------------------------------ Name: Richard A. Massman Title: Senior Vice President, General Counsel and Secretary LOYAL TRUST NO. 1, a Texas private trust Date: December 13, 1996 By: /s/ Richard A. Massman ------------------------------------ Richard A. Massman, Attorney-in-Fact Page 8 of 11 9 SCHEDULE 1 CERTAIN INFORMATION REGARDING DIRECTORS, EXECUTIVE OFFICERS AND CONTROLLING PERSONS OF HUNT OIL COMPANY, HUNT CONSOLIDATED, INC., AND RRH CORPORATION 1. HUNT OIL COMPANY
Name and Position Business Address Present Occupation ----------------- ---------------- ------------------ Ray L. Hunt 1445 Ross at Field, 17th Floor President and Chief Executive Officer Director, Chairman and CEO Dallas, Texas 75202 of HCI and the parent company for several operating businesses Gary T. Hurford 1445 Ross at Field, 17th Floor * Director and President Dallas, Texas 75202 James B. Jennings 1445 Ross at Field, 17th Floor * Director, and Executive President Dallas, Texas 75202 Thomas E. Meurer 1445 Ross at Field, 17th Floor * Director and Senior Vice Dallas, Texas 75202 President-Administration Donald F. Robillard, Jr. 1445 Ross at Field, 17th Floor * Director and Senior Dallas, Texas 75202 Vice President-Finance John R. Scott 1445 Ross at Field, 17th Floor * Director, Vice President, Secretary Dallas, Texas 75202 and General Counsel George W. Slaughter 1445 Ross at Field, 17th Floor * Senior Vice President-Production Dallas, Texas 75202 Michael M. Cobb 1445 Ross at Field, 17th Floor * Senior Vice President-Production Dallas, Texas 75202 Ian D. Maycoch 1445 Ross at Field, 17th Floor * Senior Vice President-Exploration Dallas, Texas 75202 Carl Boetticher 1445 Ross at Field, 17th Floor * Vice President-Tax Dallas, Texas 75202 Harry M. Dombroski 1445 Ross at Field, 17th Floor * Vice President and Treasurer Dallas, Texas 75202 Arie C. Britt 1445 Ross at Field, 17th Floor * Vice President-Oil and Gas Marketing Dallas, Texas 75202 E. Anthony Copp 1445 Ross at Field, 17th Floor * Vice President-Corporate Finance Dallas, Texas 75202 Thomas J. Cwikla 1445 Ross at Field, 17th Floor * Vice President-Exploration Dallas, Texas 75202 William J. Furr 1445 Ross at Field, 17th Floor * Vice President-Drilling Dallas, Texas 75202 Charles A. Mills 1445 Ross at Field, 17th Floor * Vice President-Human Resources Dallas, Texas 75202 James C. Oberwetter 1445 Ross at Field, 17th Floor * Vice President-Public and Dallas, Texas 75202 Governmental Affairs Max A. Perkins 1445 Ross at Field, 17th Floor * Vice President-Exploration Dallas, Texas 75202
Page 9 of 11 10
Name and Position Business Address Present Occupation ----------------- ---------------- ------------------ Thomas J. Reed 1445 Ross at Field, 17th Floor * Vice President Dallas, Texas 75202 Jacquelyn Andrews 1445 Ross at Field, 17th Floor * Assistant Secretary and Dallas, Texas 75202 Assistant Treasurer Gerald M. Bendo 1445 Ross at Field, 17th Floor * Assistant Secretary Dallas, Texas 75202 Wayne Powell 1445 Ross at Field, 17th Floor * Corporate Controller Dallas, Texas 75202
2. HUNT CONSOLIDATED, INC.
Name and Position Business Address Present Occupation ----------------- ---------------- ------------------ Ray L. Hunt 1445 Ross at Field, 17th Floor President and Chief Executive Officer Director, Chairman, Chief Executive Dallas, Texas 75202 of Hunt Consolidated, Inc. ("HCI"), a Officer and President Delaware corporation and the parent company for several operating businesses Richard A. Massman 1445 Ross at Field, 17th Floor Senior Vice President and General Director, Senior Vice President, Dallas, Texas 75202 Counsel of HCI General Counsel and Secretary Mrs. H. L. Hunt 1445 Ross at Field, 17th Floor Senior Vice President of HCI Director, Senior Vice President Dallas, Texas 75202 J.D. Dell 1445 Ross at Field, 17th Floor * Vice President and Tax Counsel Dallas, Texas 75202
3. RRH CORPORATION
Name and Position Business Address Present Occupation ----------------- ---------------- ------------------ Ray L. Hunt 1445 Ross at Field, 17th Floor President and Chief Executive Officer Director, Chairman, Chief Executive Dallas, Texas 75202 of HCI and the parent company for Officer and President several operating businesses Richard A. Massman 1445 Ross at Field, 17th Floor Senior Vice President and General Director, Senior Vice President, Dallas, Texas 75202 Counsel of HCI General Counsel and Secretary Mrs. H. L. Hunt 1445 Ross at Field, 17th Floor Senior Vice President of HCI Director, Senior Vice President Dallas, Texas 75202
- --------------- * The present occupation of the indicated individual is set forth under the column entitled "Name and Position." Page 10 of 11 11 EXHIBIT INDEX EXHIBIT 24 Power of Attorney EXHIBIT 99 Agreement to Report by and among Hunt Oil Company, Hunt Consolidated, Inc., RRH Corporation, and Loyal Trust No. 1
Page 11 of 11 EX-24 2 POWER OF ATTORNEY 1 EXHIBIT 24 POWER OF ATTORNEY I, Elmo B. Hunter, the sole trustee of Loyal Trust No. 1 (the "Trust") hereby appoint Richard A. Massman, John J. Murphy and Elizabeth A. Lurd as agents and attorney-in-fact, each with the ability to individually act for and on behalf of the undersigned in my capacity as trustee of the Trust in any lawful way with respect to the following: 1. Scope of Authority. To execute (i) any and all schedules and amendments thereto which are required to be filed by the Trust with the Securities and Exchange Commission ("SEC") pursuant to Section 13(d) of the Exchange Act of 1934 (the "Exchange Act") and the Rules and Regulations promulgated thereunder, and (ii) any and all schedules or forms required to be filed by the Trust pursuant to Section 16 of the Exchange Act and the Rules and Regulations promulgated thereunder including, without limitation, Forms 3, 4, or 5. 2. Revocation. This power of attorney may be voluntarily revoked by the undersigned only by filing such written instrument in the Deed Records of Dallas County, State of Texas 3. Governing Law. The validity, construction, and interpretation of this Power of Attorney shall be governed by the laws of the State of Texas. Signed this 11th day of December, 1996. /s/ Elmo B. Hunter -------------------------------------- Elmo B. Hunter, Trustee of Loyal Trust Approved /s/ Richard A. Massman -------------------------------------- Richard A. Massman, Member of Advisory Board of Loyal Trust No. 1 2 STATE OF MISSOURI ) ) COUNTY OF JACKSON ) This document was acknowledged before me on December 11, 1996, by Elmo B. Hunter. /s/ KELSIE PIERCE -------------------------------------- (Signature of Notarial Officer) (SEAL) KELSIE PIERCE -------------------------------------- (Printed name of Notary) My Commission Expires: 5/24/98 ---------------- STATE OF TEXAS ) ) COUNTY OF DALLAS ) This document was acknowledged before me on December 11, 1996, by Richard A. Massman. /s/ PATRICIA C. NASH -------------------------------------- (Signature of Notarial Officer) (SEAL) -------------------------------------- (Printed name of Notary) My Commission Expires: ---------------- -2- EX-99 3 AGREEMENT AMONG FILING PARTIES 1 EXHIBIT 99 AGREEMENT AMONG FILING PARTIES THIS AGREEMENT is made and entered into on December 13, 1996, by and among Hunt Oil Company, a Delaware corporation, Hunt Consolidated, Inc., a Delaware corporation, RRH Corporation, a Delaware corporation, and Loyal Trust No. 1, a Texas private trust (collectively referred to herein as the "Filing Parties"). WHEREAS, Rule 13d-1(f)(1)(iii) under the Securities Exchange Act of 1934 (the "Act"), requires that, when a Schedule 13D is filed on behalf of more than one person, an agreement be executed and filed as an exhibit to the Schedule 13D reflecting that the Schedule 13D is being filed on behalf of all such persons: NOW, THEREFORE, in consideration of the premises and the mutual promises stated herein, the Filing Parties hereby agree as follows: 1. Each Filing Party agrees that a single Schedule 13D (and any amendments thereto) shall be filed jointly on behalf of all the Filing Parties with respect to the shares of common stock, $.10 par value per share, of Key Energy Group, Inc., a Maryland corporation. 2. Each Filing Party acknowledges and agrees that, pursuant to Rule 13d-1(f)(1) under the Act, each Filing Party individually is (i) eligible to use the Schedule 13D and (ii) responsible for the timely filing of such Schedule 13D and any amendments thereto and for the completeness and accuracy of the information concerning such Filing Party contained in such Schedule 13D. None of the Filing Parties, however, shall be responsible for the completeness or accuracy of information concerning any other Filing Party contained in such Schedule 13D, or any amendments thereto, unless such Filing Party knows or has reason to believe that such information is incomplete or inaccurate. 3. This agreement shall not be assignable by any Filing Party. Any assignment in violation of the foregoing shall be null and void. 4. This agreement shall terminate upon the written notice of termination given by any Filing Party to the other Filing Parties. 5. This agreement may be executed in several counterparts, each of which shall be deemed to be an original copy hereof. 2 IN WITNESS WHEREOF, the undersigned hereby executed this Agreement Among Filing Parties as of the date or dates indicated below. Date: December 13, 1996 HUNT OIL COMPANY By: /s/ Gary T. Hurford ------------------------------------ Name: Gary T. Hurford Title: President Date: December 13, 1996 HUNT CONSOLIDATED, INC. By: /s/ Richard A. Massman ------------------------------------ Name: Richard A. Massman Title: Senior Vice President, General Counsel and Secretary Date: December 13, 1996 RRH CORPORATION By: /s/ Richard A. Massman ------------------------------------ Name: Richard A. Massman Title: Senior Vice President, General Counsel and Secretary LOYAL TRUST NO. 1 Date: December 13, 1996 By: /s/ Richard A. Massman ------------------------------------ Richard A. Massman, Attorney-in-Fact 2 -----END PRIVACY-ENHANCED MESSAGE-----