-----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, SueJJytMGKPeqCv+SDdIddMA7ZVdJIQjh3ujrJpo8QWj7zjACLOqkz/bfzFPH5Gk ZJqD3IVWzdi5+9T9ONxr3A== 0000950129-03-003113.txt : 20030609 0000950129-03-003113.hdr.sgml : 20030609 20030609171028 ACCESSION NUMBER: 0000950129-03-003113 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20030609 GROUP MEMBERS: ENCAP ENERGY CAPITAL FUND III, L.P. GROUP MEMBERS: ENCAP INVESTMENTS L.L.C. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PLAINS EXPLORATION & PRODUCTION CO CENTRAL INDEX KEY: 0000891456 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172] IRS NUMBER: 330430755 STATE OF INCORPORATION: CA FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78793 FILM NUMBER: 03737831 BUSINESS ADDRESS: STREET 1: 500 DALLAS STREET STREET 2: SUITE 700 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7137396740 MAIL ADDRESS: STREET 1: 500 DALLAS STREET CITY: HOUSTON STATE: TX ZIP: 77002 FORMER COMPANY: FORMER CONFORMED NAME: PLAINS EXPLORATION & PRODUCTION CO L P DATE OF NAME CHANGE: 20020619 FORMER COMPANY: FORMER CONFORMED NAME: STOCKER RESOURCES LP DATE OF NAME CHANGE: 19980130 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ENCAP INVESTMENTS LLC CENTRAL INDEX KEY: 0001083297 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1100 LOUISIANA STREET 2: SUITE 3150 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 7136596100 MAIL ADDRESS: STREET 1: 1100 LOUISIANA STREET 2: SUITE 3150 CITY: HOUSTON STATE: TX ZIP: 77002 SC 13D/A 1 h06590asc13dza.txt ENCAP INVESTMENTS L.L.C. SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D/A (AMENDMENT NO. 3) UNDER THE SECURITIES EXCHANGE ACT OF 1934* PLAINS EXPLORATION & PRODUCTION COMPANY (NAME OF ISSUER) COMMON STOCK, PAR VALUE $0.01 PER SHARE (TITLE OF CLASS OF SECURITIES) 726505100 (CUSIP NUMBER) D. MARTIN PHILLIPS ENCAP INVESTMENTS L.L.C. 1100 LOUISIANA, SUITE 3150 HOUSTON, TEXAS 77002 (713) 659-6100 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) JUNE 4, 2003 (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 Sections. 240.13d-1(e), 240.13d-1(f) or 204.13d-1(g), check the following box. [ ] NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section. 240.13d-7(b) for other parties to whom copies are to be sent. *The remainder of the 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. Page 1 CUSIP NO. 726505100 SCHEDULE 13D/A (1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) ENCAP INVESTMENTS L.L.C. (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] (3) SEC Use Only (4) Source of Funds (See Instructions) OO (SEE ITEM 3) (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] (6) Citizenship or Place of Organization EnCap Investments L.L.C. ("EnCap Investments") is a limited liability company organized under the laws of the State of Delaware. Number of (7) Sole Voting Power 0 Shares Bene- ficially (8) Shared Voting Power 4,423,125(1) Owned by Each (9) Sole Dispositive Power 0 Reporting Person With (10) Shared Dispositive Power 4,423,125(1) (11) Aggregate Amount Beneficially Owned by Each Reporting Person 4,423,125 (2) (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] (13) Percent of Class Represented by Amount in Row (11) 10.9%(3) (14) Type of Reporting Person (See Instructions) OO - ------------------------------------------------------------------------------- (1) EnCap Investments L.L.C. may be deemed to have voting and dispositive power with respect to the shares of Common Stock owned by affiliates of EnCap Investments L.L.C. See Items 2, 5 and 6. (2) EnCap Investments L.L.C. disclaims any beneficial ownership of the shares owned by such affiliates. (3) Based on 40,451,261 shares issued and outstanding as of June 4, 2003, as disclosed to the reporting persons by the Issuer. Page 2 CUSIP NO. 726505100 SCHEDULE 13D/A (1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) ENCAP ENERGY CAPITAL FUND III, L.P. (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a)[ ] (b)[ ] (3) SEC Use Only (4) Source of Funds (See Instructions) OO (SEE ITEM 3) (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] (6) Citizenship or Place of Organization Encap Energy Capital Fund III, L.P. ("EnCap III") is a limited partnership organized under the laws of the State of Texas. Number of (7) Sole Voting Power 2,218,904(1) Shares Bene- ficially (8) Shared Voting Power 0 Owned by Each (9) Sole Dispositive Power 2,218,904(1) Reporting Person With (10) Shared Dispositive Power 0 (11) Aggregate Amount Beneficially Owned by Each Reporting Person 2,218,904 (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] (13) Percent of Class Represented by Amount in Row (11) 5.5%(2) (14) Type of Reporting Person (See Instructions) PN - ------------------- (1) As exercised through its sole general partner, EnCap Investments. (2) Based on 40,451,261 shares issued and outstanding as of June 4, 2003, as disclosed to the reporting persons by the Issuer. Page 3 ITEM 1. SECURITY AND ISSUER. No modification. ITEM 2. IDENTITY AND BACKGROUND. (a) - (c) No modification. Items 2(d) - (f) are amended in their entirety as follows: (d) - (f) See Schedule I. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. The following is added to Item 3: EnCap III, EnCap Energy Acquisition III-B, Inc., a Texas corporation ("EnCap Acquisition III-B"), and BOCP Energy Partners, L.P., a Texas corporation ("BOCP", and collectively, with EnCap III and EnCap Acquisition III-B, the "EnCap Entities") were the beneficial owners of securities of 3TEC Energy Corporation ("3TEC"). Pursuant to an Agreement and Plan of Merger between the Issuer, a subsidiary of the Issuer, and 3TEC, effective June 4, 2003, 3TEC was merged with and into the subsidiary of the Issuer (the "Merger"). In the Merger, each share of common stock of 3TEC was exchanged for 0.85 shares of the Issuer's Common Stock and $8.50 in cash. Further, each warrant held by the EnCap Entities to purchase a share of 3TEC common stock for $30.00 per share was assumed by the Issuer and represent the right to receive 0.85 shares of the Issuer's Common Stock and $8.50 in cash for $30.00 (the "Warrants"). Thus, as a result of the Merger, (i) 1,432,282 shares of the Issuer's Common Stock reported herein as being beneficially owned by EnCap III were acquired in the Merger in exchange for common stock and warrants to purchase common stock of 3TEC previously owned by EnCap III, and (ii) 2,850,520 shares of the Issuer's Common Stock reported herein as beneficially owned by EnCap Investments were acquired in the Merger by the EnCap Entities in exchange for common stock and warrants to purchase common stock of 3TEC previously owned by the EnCap Entities. ITEM 4. PURPOSE OF TRANSACTION. The following is added to item 4: The reporting person is holding the securities reported herein for investment purposes. Except as set forth herein, the reporting person has no present plans or proposals that relate to or that would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. Item 5 is amended in its entirety to read as follows: (a) EnCap III. EnCap III is the beneficial owner of 2,138,965 shares of Common Stock and 79,939 Warrants. Based on the 40,451,261 shares of Common Stock issued and outstanding as of June 4, 2003, as disclosed to the reporting persons by the Issuer, EnCap III is the beneficial owner of approximately 5.5% of the outstanding shares of Common Stock. EnCap Investments. EnCap Investments, as the sole general partner of EnCap III, may be deemed the beneficial owner of 2,138,965 shares of Common Stock and 79,939 Warrants owned by EnCap III. EnCap Investments, as the sole general partner of EnCap Energy Capital Fund III-B, L.P. ("EnCap III-B"), may be deemed Page 4 the beneficial owner of 593,849 shares of Common Stock owned by EnCap III-B. EnCap Investments, as the controlling person of EnCap Acquisition III-B, may be deemed the beneficial owner of 1,011,098 shares of Common Stock and 60,458 Warrants owned by EnCap Acquisition III-B. EnCap Investments may be deemed to be the beneficial owner of 519,256 shares of Common Stock and 19,560 Warrants owned by BOCP as a result of being the manager of BOCP. EnCap Investments is therefore the beneficial owner of an aggregate of 4,263,168 shares of Common Stock and 159,957 Warrants. Based on the 40,451,261 shares of Common Stock issued and outstanding as of June 4, 2003, as disclosed to the reporting persons by the Issuer, EnCap Investments may be deemed the beneficial owner of approximately 10.9% of the outstanding shares of Common Stock. EnCap Investments disclaims beneficial ownership of the shares of Common Stock owned by EnCap III, EnCap III-B, EnCap Acquisition III-B, and BOCP. El Paso Merchant Energy and El Paso Corporation. Each of El Paso Merchant Energy and El Paso Corporation may be deemed to be the beneficial owner of the shares of Common Stock owned or deemed owned by EnCap Investments (by virtue of being controlling persons of EnCap Investments). El Paso Merchant Energy and El Paso Corporation disclaim beneficial ownership of the shares of Common Stock owned or deemed owned by EnCap Investments. Executive Officers and Directors. Except as otherwise described herein, and to the knowledge of EnCap Investments, no person listed in Schedule I is the beneficial owner of any shares of Common Stock. (b) EnCap III. EnCap III has the power to vote or direct the vote and to dispose or direct the disposition of 2,218,904 shares of Common Stock. EnCap Investments. EnCap Investments shares the power to vote or direct the vote and to dispose or direct the disposition of the 4,423,125 shares of Common Stock held by EnCap III, EnCap III-B, EnCap Acquisition III-B, and BOCP. El Paso Merchant Energy and El Paso Corporation. Each of El Paso Merchant Energy and El Paso Corporation may be deemed to be the beneficial owner of the shares of Common Stock owned or deemed owned by EnCap Investments (by virtue of being controlling persons of EnCap Investments). El Paso Merchant Energy and El Paso Corporation disclaim beneficial ownership of the shares of Common Stock owned or deemed owned by EnCap Investments. Executive Officers and Directors. Except as otherwise described herein, and to the knowledge of EnCap Investments, no person listed in Schedule I has the power to vote or direct the vote or dispose or direct the disposition of any shares of Common Stock. (c) Except as otherwise described herein or in any Exhibit filed herewith, and to the knowledge of EnCap Investments, none of the persons named in response to Paragraph (a) above has affected any transaction in the Common Stock during the past sixty (60) days. (d) Except as otherwise described herein, and to the knowledge of EnCap Investments, no person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from sale of, the Common Stock deemed to be beneficially owned by them. (e) It is inapplicable for the purpose herein to state the date on which a party ceased to be owner of more than five percent (5%) of the Common Stock. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE SECURITIES OF THE ISSUER. No modification. Page 5 ITEM 7. MATERIAL TO BE FILED AS EXHIBITS. The following is added to Item 7: Exhibit 10.3 - Joint Filing Agreement dated June 4, 2003 between EnCap Investments L.L.C. and EnCap Energy Capital Fund III, L.P. Page 6 SIGNATURES 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. Date: June 4, 2003 ENCAP INVESTMENTS L.L.C. By: /s/ D. Martin Phillips ------------------------------- D. Martin Phillips, Managing Director Date: June 4, 2003 ENCAP ENERGY CAPITAL FUND III, L.P. By: EnCap Investments L.L.C., its general partner By: /s/ D. Martin Phillips -------------------------------- D. Martin Phillips, Managing Director EXHIBIT INDEX Exhibit 10.3 - Joint Filing Agreement dated June 4, 2003 between EnCap Investments L.L.C. and EnCap Energy Capital Fund III, L.P. EX-10.3 3 h06590aexv10w3.txt JOINT FILING AGREEMENT EXHIBIT 10.3 AGREEMENT The undersigned reporting persons hereby agree that the statements filed pursuant to this Schedule 13D/A, to which this Agreement is filed as an exhibit, are filed on behalf of each of them. Date: June 4 , 2003 ENCAP INVESTMENTS L.L.C. By: /s/ D. Martin Phillips -------------------------------- D. Martin Phillips, Managing Director Date: June 4, 2003 ENCAP ENERGY CAPITAL FUND III, L.P. By: EnCap Investments L.L.C., its general partner By: /s/ D. Martin Phillips -------------------------------- D. Martin Phillips, Managing Director SCHEDULE I DIRECTORS, MANAGERS, EXECUTIVE OFFICERS, OR CONTROLLING PERSONS The name, business address, present principal occupation or employment and the name, principal business address of any corporation or other organization in which such employment is conducted, of each of (i) the managing directors of EnCap Investments, (ii) the directors and executive officers of El Paso Merchant Energy, and (iii) the directors and executive officers of El Paso Corporation are set forth below:
Name, Principal Business Address of Organization in which Principal Name and Capacity in Principal Occupation is Business Address Which Serves Occupation Conducted - -------------------------------------------------------------------------------------------------------------- (i) EnCap Investments L.L.C. - --------------------------------------------------------------------------------------------------------------- David B. Miller Managing Managing Director of EnCap Investments L.L.C. 3811 Turtle Creek Blvd. Director of EnCap Investments 3811 Turtle Creek Blvd. Dallas, Texas 75219 EnCap Dallas, Texas 75219 Investments - -------------------------------------------------------------------------------------------------------------- D. Martin Phillips Managing Managing Director of EnCap Investments L.L.C. 1100 Louisiana, Suite 3150 Director of EnCap Investments 1100 Louisiana, Suite 3150 Houston, Texas 77002 EnCap Houston, Texas 77002 Investments - -------------------------------------------------------------------------------------------------------------- Robert L. Zorich Managing Managing Director of EnCap Investments L.L.C. 1100 Louisiana, Suite 3150 Director of EnCap Investments 1100 Louisiana, Suite 3150 Houston, Texas 77002 EnCap Houston, Texas 77002 Investments - -------------------------------------------------------------------------------------------------------------- Gary R. Petersen Managing Managing Director of EnCap Investments L.L.C. 1100 Louisiana, Suite 3150 Director of EnCap Investments 1100 Louisiana, Suite 3150 Houston, Texas 77002 EnCap Houston, Texas 77002 Investments - --------------------------------------------------------------------------------------------------------------
Name, Principal Business Address of Organization in which Principal Name and Capacity in Principal Occupation is Business Address Which Serves Occupation Conducted - ----------------------------------------------------------------------------------------------------------- (ii) El Paso Merchant Energy North America Company - ----------------------------------------------------------------------------------------------------------- Robert W. Baker President and President, El Paso El Paso Merchant Energy 1001 Louisiana Street Director Merchant Energy North America Company Houston, Texas 77002 1001 Louisiana Street Houston, Texas 77002 - ----------------------------------------------------------------------------------------------------------- Faye L. Stallings Senior Vice Senior Vice President, El Paso Merchant Energy 1001 Louisiana Street President, Chief Chief Financial Officer, North America Company Houston, Texas 77002 Financial Officer, and Treasurer El Paso 1001 Louisiana Street Treasurer, Controller Merchant Energy Houston, Texas 77002 and Director - -----------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------- Name, Principal Business Address Name and Capacity in Principal of Organization in which Business Address Which Serves Occupation Principal Occupation is ---------------- ------------ ---------- Conducted - ------------------------------------------------------------------------------------------------------------------- (iii) El Paso Corporation - ------------------------------------------------------------------------------------------------------------------- Ronald L. Kuehn, Jr. Chairman of the Director, Chairman of El Paso Corporation 1001 Louisiana Street Board, the Board, 1001 Louisiana Street Houston, Texas 77002 Chief Executive and Chief Executive Houston, Texas 77002 Officer, and Officer of El Paso Director Corporation - ------------------------------------------------------------------------------------------------------------------- Robert W. Baker Executive Vice Executive Vice President El Paso Corporation 1001 Louisiana Street President of El Paso Corporation 1001 Louisiana Street Houston, Texas 77002 Houston, Texas 77002 - ------------------------------------------------------------------------------------------------------------------- D. Dwight Scott Executive Vice Executive Vice President El Paso Corporation 1001 Louisiana Street President and and Chief Financial 1001 Louisiana Street Houston, Texas 77002 Chief Financial Officer of El Paso Houston, Texas 77002 Officer Corporation - ------------------------------------------------------------------------------------------------------------------- David E. Zerhusen Senior Vice Executive Vice President El Paso Corporation 1001 Louisiana Street President and of El Paso Corporation 1001 Louisiana Street Houston, Texas 77002 Deputy General Houston, Texas 77002 Counsel - ------------------------------------------------------------------------------------------------------------------- John W. Somerhalder II President, President, Pipeline Group El Paso Corporation 1001 Louisiana Street Pipeline of 1001 Louisiana Street Houston, Texas 77002 Group, and El Paso Corporation Houston, Texas 77002 Executive Vice President - ------------------------------------------------------------------------------------------------------------------- Peggy A. Heeg Executive Vice Executive Vice President El Paso Corporation 1001 Louisiana Street President and General Counsel of 1001 Louisiana Street Houston, Texas 77002 and El Paso Corporation Houston, Texas 77002 General Counsel - ------------------------------------------------------------------------------------------------------------------- Jeffrey I. Beason Senior Vice Senior Vice President El Paso Corporation 1001 Louisiana Street President and and 1001 Louisiana Street Houston, Texas 77002 Controller Controller of El Paso Houston, Texas 77002 Corporation - ------------------------------------------------------------------------------------------------------------------- Byron Allumbaugh Director Retired Chairman 33 Ridgeline Drive 33 Ridgeline Drive Ralphs Grocery Company Newport Beach, CA 92660 Newport Beach, CA 92660 - -------------------------------------------------------------------------------------------------------------------
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- -------------------------------------------------------------------------------------------------------------------- John M. Bissell Director Chairman of the Board of Bissell Inc. 2345 Walker Ave. N.W. Bissell Inc. 2345 Walker Avenue, N.W. Grand Rapids, MI 49501 Grand Rapids, MI 49501 - -------------------------------------------------------------------------------------------------------------------- Juan Carlos Braniff Director Vice Chairman Universidad 1200 Grupo Financiero Bancomer Grupo Financiero Bancomer Col. XOCO Universidad 1200 Mexico, D.F.C.P. 03399 Col. XOCO Mexico, D.F.C.P. 03339 - -------------------------------------------------------------------------------------------------------------------- James F. Gibbons Director Professor at Stanford Stanford University Stanford University University Paul G. Allen Center Paul G. Allen Center for School of Engineering for Integrated Systems Integrated Systems Room 201 ( Mail Stop 4075) Room 201 (M.S. 4075) Stanford, CA 94305 Stanford, California 94305 - -------------------------------------------------------------------------------------------------------------------- Robert W. Goldman Director Business Consultant 13 Dupont Circle 13 Dupont Circle Sugar Land, Texas 77479 Sugar Land, Texas 77479 - -------------------------------------------------------------------------------------------------------------------- Anthony W. Hall, Jr. Director City Attorney City of Houston City of Houston City of Houston, Texas 900 Bagby, 4th Floor 900 Bagby, 4th Floor Houston, Texas 77002 Houston, Texas 77002 - -------------------------------------------------------------------------------------------------------------------- William A. Wise Director Retired El Paso Corporation 2121 Kirby, Mailbox 50 1001 Louisiana Street Houston, Texas 77019 Houston, Texas 77002 - -------------------------------------------------------------------------------------------------------------------- J. Carleton MacNeil Jr. Director Securities Consultant 3421 Spanish Trail 3421 Spanish Trail Apt. 227D Apt. 227D Delray, Florida 33483 Delray, Florida 33483 - -------------------------------------------------------------------------------------------------------------------- Thomas R. McDade Director Senior Partner, McDade, McDade, Fogler, Maines, L.L.P. McDade, Fogler, Maines, L.L.P. Fogler, Two Houston Center Two Houston Center Maines, L.L.P. 909 Fannin, Suite 1200 909 Fannin, Suite 1200 Houston, Texas 77010 Houston, Texas 77010 - -------------------------------------------------------------------------------------------------------------------- Malcolm Wallop Director Frontiers of Freedom Frontiers of Freedom Foundation Frontiers of Freedom Foundation 12011 Lee Jackson Memorial Foundation Hwy. 12011 Lee Jackson Memorial Fairfax, VA 22033 Hwy. Fairfax, Virginia 22033 - -------------------------------------------------------------------------------------------------------------------- Joe B. Wyatt Director Chancellor Emeritus Vanderbilt University 2525 West End Ave., Vanderbilt University 2525 West End Ave., Suite 1410 Suite 1410 Nashville, Tennessee 37203 Nashville, TN 37203 - -------------------------------------------------------------------------------------------------------------------- John Whitmire Director Chairman of the Board, Consol Energy, Inc. 10101 Southwest Freeway Consol Energy, Inc. 10101 Southwest Freeway, #380 #380 Houston, TX 77074 Houston, Texas 77074 - -------------------------------------------------------------------------------------------------------------------- J. Michael Talbert Director Chairman of the Board, Transocean, Inc. Transocean, Inc. Transocean, Inc. 4 Greenway Plaza 4 Greenway Plaza - --------------------------------------------------------------------------------------------------------------------
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- -------------------------------------------------------------------------------------------------------------------- Houston, Texas 77046 Houston, TX 77046 - -------------------------------------------------------------------------------------------------------------------- James L. Dunlap Director Business Consultant 1659 North Boulevard 1659 North Boulevard Houston, TX 77006 Houston, Texas 77006 - --------------------------------------------------------------------------------------------------------------------
(d) Neither EnCap Investments, El Paso Corporation, El Paso Merchant Energy, nor any of the individuals identified in this Schedule I has, to the knowledge of the reporting persons, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) Neither EnCap Investments, El Paso Corporation, El Paso Merchant Energy, nor any of the individuals identified in this Schedule I has, to the knowledge of the reporting persons, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and 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 with respect to such laws. (f) To the knowledge of the reporting persons, each of the individuals identified in this Schedule I is a citizen of the United States of America, with the exception of Juan Carlos Braniff, who is a citizen of Mexico. I-12 -----END PRIVACY-ENHANCED MESSAGE-----