0000821699-05-000002.txt : 20120618
0000821699-05-000002.hdr.sgml : 20120618
20050318151704
ACCESSION NUMBER: 0000821699-05-000002
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050318
DATE AS OF CHANGE: 20050318
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: SOUTHWEST ROYALTIES INSTITUTIONAL INCOME FUND X-B LP
CENTRAL INDEX KEY: 0000859911
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 752332174
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-79061
FILM NUMBER: 05691527
BUSINESS ADDRESS:
STREET 1: 407 N BIG SPRING STE 300
CITY: MIDLAND
STATE: TX
ZIP: 79701
BUSINESS PHONE: 9156869927
MAIL ADDRESS:
STREET 1: 407 N BIG SPRING ST SUITE 300
CITY: MIDLAND
STATE: TX
ZIP: 79701
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: SOUTHWEST ROYALTIES INC
CENTRAL INDEX KEY: 0000821699
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 751917432
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: 407 N BIG SPRING STREET SUITE 300
CITY: MIDLAND
STATE: TX
ZIP: 79701
BUSINESS PHONE: 9156869927
MAIL ADDRESS:
STREET 1: 407 N BIG SPRING STREET SUITE 300
CITY: MIDLAND
STATE: TX
ZIP: 79701
SC 13D/A
1
a13d21.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 2
TO
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Southwest Royalties Institutional Income Fund X-B, L.P.
(Name of Issuer)
Limited Partnership Interests
(Title of Class of Securities)
Not Applicable
(CUSIP Number)
L. Paul Latham
Southwest Royalties, Inc.
6 Desta Drive, Suite 6500
Midland, Texas 79705-5510
(432) 682-6324
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
March 15, 2005
(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 that is the subject of this
Schedule 13D, and is filing this schedule because of 240.13d-
1(e), 240.13d-1(f) or 240.13d-1(g), check the following box: ?
CUSIP No. Not Applicable
(1) Names of Reporting Persons Southwest Royalties,
Inc.
(2) Check the Appropriate Box (a)
if a Member of a Group (b) X
(3) SEC Use Only
(4) Source of Funds WC
(5) Check if Disclosure of Legal
Proceedings is Required
Pursuant to Items 2(d) or 2(e) Not Applicable
(6) Citizenship or Place of
Organization Delaware corporation
Number of Shares/Units Beneficially Owned by Each Reporting
Person With:
(7) Sole Voting Power 1,244.0 Units
(8) Share Voting Power None
(9) Sole Dispositive Power 1,244.0 Units
(10) Shared Dispositive Power None
(11) Aggregate Amount Beneficially
Owned by Each Reporting Person 1,244.0 Units
(12) Check if the Aggregate Amount
in Row (11) Excludes Certain
Shares Not Applicable
(13) Percent of Class Represented
by Amount in Row (11) 11.1% of class of
11,181 Units
(14) Type of Reporting
Person CO
(Managing General
Partner of Issuer)
Item 1. Type of Security:
Limited Partnership
Interests ("Units")
Name of Issuer:
Southwest Royalties
Institutional Income X-B,
L.P.
Address of Issuer's 6 Desta Drive
Principal Executive Suite 6500
Offices: Midland, Texas 79705
Item 2(a). Name of Person
Filing: Southwest Royalties, Inc.
Item 2(b). Address of Principal 6 Desta Drive,
Suite 6500
Business Office: Midland, Texas 79705
Item 2(c). Present Occupation: Not Applicable
Item 2(d). Criminal Convictions: None
Item 2(e). Civil Securities Laws
Injunctions or
Prohibitions: None
Item 2(f). Citizenship: Delaware,
U.S.A.
Item 3. Source of Funds:
Working capital of the
Reporting Person.
Item 4. Purpose of Transactions:
Satisfied requirements of the Right of Presentment contained
in the Issuer's Agreement of Limited Partnership whereby the
Reporting Person, as Managing General Partner, agrees to
acquire Units from limited partners seeking an exit from the
Issuer at a formula price.
Item 5. Interest in Securities
The Reporting Person, which is the Issuer: Managing General
Partner of the Issuer, holds a total of 1,244.0 Units of
limited partnership interests over which it has sole voting
and dispositive powers. These Units represent 11.1% of the
total 11,181 Units which are issued and outstanding. The
purchase transactions which resulted in the ownership of the
Reporting Person increasing from 9.7% to 11.1% occurred
between January 1, 2004 and March 15, 2005 when the
Reporting Person purchased an additional 140 Units as part
of the Issuer's Right of Presentment program. The price per
unit was $74.31.
Item 6. Contracts, Arrangements,
Undertakings or Relationships
with Respect to Securities of
the Issuer: Not Applicable
Item 7. Material to Be Filed as
Exhibits: Not Applicable
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.
Date: March 18, 2005 By: /s/ L. Paul Latham
----------------------------------
L. Paul Latham, President and
Chief Executive Officer,
of Southwest Royalties, Inc.
the Managing General Partner