-----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, LpmDZgO1zXhyCko6hBwh/uTn4gw/CMK0h8l9q8aqXd4IbbPBYhk0dW2sBC/cSfGX vjF1eX93v7oJFZr+zKYdyw== 0001047469-97-000207.txt : 19971016 0001047469-97-000207.hdr.sgml : 19971016 ACCESSION NUMBER: 0001047469-97-000207 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19971009 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19971009 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: BASIN EXPLORATION INC CENTRAL INDEX KEY: 0000827795 STANDARD INDUSTRIAL CLASSIFICATION: 1311 IRS NUMBER: 841143307 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-20125 FILM NUMBER: 97692722 BUSINESS ADDRESS: STREET 1: 370 SEVENTEENTH ST STE 1800 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3036858000 MAIL ADDRESS: STREET 2: 370 SEVENTEENTH STREET SUITE 1800 CITY: DENVER STATE: CO ZIP: 80202 8-K 1 8K - - -------------------------------------------------------------------------------- - - -------------------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ------------------------ FORM 8-K --------------- Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): October 9, 1997 BASIN EXPLORATION, INC. (Exact Name of Registrant as Specified in Charter) DELAWARE 0-20125 84-1143307 (State or Other (Commission (I.R.S. Employer Jurisdiction File Number) Identification of Incorporation) No.)
370 SEVENTEENTH STREET, SUITE 3400, DENVER, COLORADO 80202 (Address of principal executive offices, zip code) Registrant's telephone number, including area code: (303) 685-8000 NOT APPLICABLE Former Name or Former Address if Changed Since Last Report - - -------------------------------------------------------------------------------- - - -------------------------------------------------------------------------------- ITEM 5. OTHER EVENTS. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS. In order to attract and incentivize qualified personnel with experience in the Gulf of Mexico, the Company adopted its Gulf Coast Geoscientist Overriding Royalty Interest Plan, effective November 30, 1995 (the "ORI Plan"). The ORI Plan provides for the assignment of overriding royalty interests to geoscientists that Basin employs to explore for oil and gas in the offshore area of the Gulf of Mexico. Eligible participants include the Company's Vice President--Gulf Coast Exploration and any geologist, geophysicist or other geoscientist employed by Basin as members of its Gulf Coast offshore exploration group and approved by the President and Vice President--Gulf Coast Exploration. The ORI Plan provides for a maximum overriding royalty interest of 2.5% of the full undivided working interest acquired in all leases or interests therein that Basin acquires on the outer continental shelf offshore of Texas, Louisiana, Alabama and Florida and in state waters. Each participant in the plan is allocated a share (up to a maximum of 0.625%) of the overriding royalty interest. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (c) Exhibits 10.1 Description of Consulting Arrangement between the Company and John F. Greene 23.1 Consent of Arthur Andersen LLP 23.2 Consent of Netherland, Sewell & Associates, Inc. 23.3 Consent of Ryder Scott Company
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. BASIN EXPLORATION, INC. (Registrant) Date: October 9, 1997 By: /s/ HOWARD L. BOIGON ----------------------------------------- Howard L. Boigon VICE PRESIDENT--GENERAL COUNSEL AND SECRETARY
2 EXHIBIT INDEX
EXHIBIT NUMBER EXHIBIT DESCRIPTION - - ----------- --------------------------------------------------------------------------------------------------- 10.1 Description of Consulting Arrangement between the Company and John F. Greene 23.1 Consent of Arthur Andersen LLP 23.2 Consent of Netherland, Sewell & Associates, Inc. 23.3 Consent of Ryder Scott Company
EX-10.1 2 EXHIBIT 10.1 EXHIBIT 10.1 DESCRIPTION OF CONSULTING ARRANGEMENT BETWEEN THE COMPANY AND JOHN F. GREENE In February, 1997, the Compensation Committee of the Board of Directors approved a consulting arrangement between the Company and Mr. John F. Greene, a director of the Company. Mr. Greene has invested considerable time and effort in facilitating and furthering the Company's pursuit of Gulf Coast opportunities and has contributed significantly to the Company's success in this region. The consulting arrangement is intended to compensate Mr. Greene for these and future services, based upon an informal agreement to pay Mr. Greene an annual retainer of $15,000 for services provided in direct connection with the Company's Gulf Coast activities. EX-23.1 3 EXHIBIT 23.1 EXHIBIT 23.1 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the use of our report dated February 14, 1997 (and to all references to our Firm) included in or made a part of the prospectus supplement dated October 9, 1997, related to the offering of up to 2,700,000 shares of Basin Exploration, Inc.'s common stock (plus an additional 405,000 shares to over-allotments, if any) pursuant to the Registration Statement on Form S-3 (No. 333-36143) filed by Basin Exploration, Inc. with the United States Securities and Exchange Commission and effective October 2, 1997. /s/ Arthur Andersen LLP Denver, Colorado October 9, 1997 EX-23.2 4 EXHIBIT 23.2 [Letterhead] EXHIBIT 23.2 October 7, 1997 Basin Exploration, Inc. Suite 3400 370 Seventeenth Street Denver, Colorado 80202 Ladies and Gentlemen: We hereby authorize the reference to the following report prepared by Netherland, Sewell & Associates, Inc. in a Registration Statement on Form S-3 for the offering and sale, from time to time, of up to $200,000,000 of Securities, as described in such Registration Statement, and in any prospectus contained therein or prospectus supplement thereto, filed or to be filed by Basin Exploration, Inc. with the United States Securities and Exchange Commission: 1. An audit of onshore proved oil and gas reserves and future revenue prepared by Basin Exploration, Inc. as of October 1, 1997, dated October 2, 1997. We further consent to the reference to our firm under the caption "Experts" in such Registration Statement and prospectuses, as such Registration Statement may be amended. Very truly yours, NETHERLAND, SEWELL & ASSOCIATES, INC. By: /s/ Clarence M. Netherland -----------------------------------------
EX-23.3 5 EXHIBIT 23.3 [Letterhead] EXHIBIT 23.3 October 9, 1997 Basin Exploration, Inc. 370 Seventeenth Street, Suite 3400 Denver, Colorado 80202 Ladies and Gentlemen: We hereby authorize the reference to the following reports prepared by Ryder Scott Company in a Prospectus Supplement for the offering and sale of up to 2,700,000 shares of common stock (plus an additional 405,000 shares to cover over-allotments, if any), as described in such Prospectus Supplement, and in any prospectus contained therein or filed by Basin Exploration, Inc. with the United States Securities and Exchange Commission: 1. Estimate of Reserves, Future Production and Income Attributable to Eugene Island Blocks 64 and 65 as of January 1, 1997, dated January 28, 1997. 2. Estimate of Reserves, Future Production and Income Attributable to Certain Leasehold and Royalty Interests as of October 1, 1997, dated October 6, 1997. We further consent to the reference to our firm under the caption "Experts" in such Registration Statement and prospectuses, as such Registration Statement may be amended. /s/ Ryder Scott Company Petroleum Engineers RYDER SCOTT COMPANY PETROLEUM ENGINEERS RMW/sw -----END PRIVACY-ENHANCED MESSAGE-----