-----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, TuiI08QqErAAtRD4lDvWb9qauWE4rQKxcE1+b+RTnqLZ8SuXyHM+XBwNgnZB+2/T usXTrqnRCv+C87IihxxOSA== 0000821699-07-000022.txt : 20071228 0000821699-07-000022.hdr.sgml : 20071228 20071228122304 ACCESSION NUMBER: 0000821699-07-000022 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071228 DATE AS OF CHANGE: 20071228 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: 071330999 BUSINESS ADDRESS: STREET 1: 6 DESTA DRIVE, SUITE 1100 CITY: MIDLAND STATE: TX ZIP: 79705 BUSINESS PHONE: 4326826324 MAIL ADDRESS: STREET 1: 6 DESTA DRIVE, SUITE 1100 CITY: MIDLAND STATE: TX ZIP: 79705 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: 6 DESTA DRIVE, SUITE 1100 CITY: MIDLAND STATE: TX ZIP: 79705 BUSINESS PHONE: 4326826324 MAIL ADDRESS: STREET 1: 6 DESTA DRIVE, SUITE 1100 CITY: MIDLAND STATE: TX ZIP: 79705 SC 13D/A 1 a13dswr.htm SCHEDULE 13D a13dswr.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


AMENDMENT NO. 6

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)


December 19, 2007
(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
1,712.75 Units
     
(8)
Share Voting Power
None
     
(9)
Sole Dispositive Power
1,712.75 Units
     
(10)
Shared Dispositive Power
None
     
(11)
Aggregate Amount Beneficially
 
 
Owned by Each Reporting Person
1,712.75 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)
15.3% 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 Principal
6 Desta Drive, Suite 6500
 
Executive 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 1,712.75 Units of limited partnership interests over which it has sole voting and dispositive powers.  These Units represent 15.3% 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 14.5% to 15.3% occurred between April 1, 2007 and December 19, 2007 when the Reporting Person purchased an additional 86 Units as part of the Issuer's Right of Presentment program. The price per unit ranged from $154.60 to $169.66.
     
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: December 27, 2007
By:
/s/ L. Paul Latham
   
L. Paul Latham, President and
   
Chief Executive Officer,
   
of Southwest Royalties, Inc.
   
the Managing General Partner
     


 
 

 

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