UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(AMENDMENT NO. 2)*
Under the Securities Exchange Act of 1934
Vintage Petroleum, Inc.
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(Name of Issuer)
Common Stock, par value $.005 per share
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(Title of Class of Securities)
927460-10-5
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(CUSIP Number)
Thomas Boone Pickens, Jr.
260 Preston Commons West
8117 Preston Road
Dallas, Texas 75225
(214) 265-4165
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(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
September 16, 2002
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(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 Sections 240.13d-1(e), (f) or (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 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).
Please Send Copies of Notices and Communications to:
Taylor H. Wilson, Esq.
Haynes and Boone, LLP
901 Main Street, Suite 3100
Dallas, Texas 75202
(214) 651-5615
SCHEDULE 13D
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CUSIP No. 927460-10-5 Page 2 of 5
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BP Capital Energy Equity Fund, L.P., a Delaware limited partnership
75-2948254
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC/OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF
SHARES 4,498,144
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 4,498,144
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,630,700
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9% (1)
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14 TYPE OF REPORTING PERSON
PN
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(1) Based on a total of 63,344,972 Shares outstanding on August 9, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the period
ended June 30, 2002.
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CUSIP No. 927460-10-5 Page 3 of 5
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BP Capital Energy Equity International Holdings I, L.P., a Delaware
limited partnership 75-2958603
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC/OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e) [ ]
N/A
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF
SHARES 1,132,556
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY
0
EACH --------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 1,132,556
WITH --------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,630,700
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9% (1)
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14 TYPE OF REPORTING PERSON
PN
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(1) Based on a total of 63,344,972 Shares outstanding on August 9, 2002, as
disclosed in the Issuer's Quarterly Report on Form 10-Q for the period
ended June 30, 2002.
This Amendment No. 2 to Schedule 13D (this "Amendment") amends and
supplements the Schedule 13D filed on March 25, 2002 (the "Original Filing"), as
amended on May 15, 2002, by BP Capital Energy Equity Fund, L.P. ("Energy") and
BP Capital Energy Equity International Holdings I, L.P. ("International"), by
furnishing the information set forth below. Energy and International are
collectively defined in this Amendment as the "Filing Persons." Unless set forth
below, all previous Items are unchanged. Capitalized terms used herein which are
not defined herein have the meanings given to them in the Original Filing, as
amended.
ITEM 4. PURPOSE OF TRANSACTION.
Item 4 is hereby supplemented to add the following:
Following an extensive review of the feasibility of making a proposal to
acquire all or a substantial portion of the equity in the Issuer, the Filing
Persons have concluded not to pursue an acquisition transaction at this time.
However, the Filing Persons continue to believe that investor assessment of the
Issuer's intrinsic value as reflected in the market price of the Shares is too
low.
The Filing Persons intend to continue to review on a regular basis their
investment in the Issuer. Depending upon the factors discussed below and any
other factors that are or become relevant, the Filing Persons may acquire
additional Shares in open market or privately negotiated transactions; may sell
all or part of their Shares in open market or privately negotiated transactions;
may recommend to management of the Issuer one or more transactions involving the
sale of all or a part of the equity interest in the Issuer; may make to the
management of the Issuer a proposal for acquisition by a third party of all or a
part of the equity interest in the Issuer; may distribute Shares to various of
their partners; or may engage in any combination of the foregoing. Any open
market or privately negotiated purchases or sales, acquisition recommendations
or proposals, distributions or other transactions may be made at any time
without additional prior notice.
Any alternative that the Filing Persons might pursue will depend upon a
variety of factors, including, without limitation, current and anticipated
future trading prices of the Shares, the financial condition, results of
operations and prospects of the Issuer and general economic and industry
conditions, the availability and forms of financing, other investment and
business opportunities available to the Filing Persons, general stock market and
economic conditions, tax considerations and other factors.
Although the foregoing reflects activities presently contemplated by the
Filing Persons with respect to the Issuer, the foregoing is subject to change at
any time, and there can be no assurance that the Filing Persons will take any of
the actions set forth above. Except as set forth above, the Filing Persons have
no plans or proposals with respect to any of the matters set forth in paragraphs
(a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5(c) is hereby amended and restated to read in its entirety as
follows:
(c) There have been no transactions in the Shares by the Filing Persons in
the last 60 days.
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: September 16, 2002
BP CAPITAL ENERGY EQUITY FUND, L.P.
By: BP Capital Management, L.P., its general partner
By: TBP Investments Management LLC, its general partner
By: /s/ ROBERT L. STILLWELL
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Name: Robert L. Stillwell
Title: Managing Director
BP CAPITAL ENERGY EQUITY INTERNATIONAL HOLDINGS I, L.P.
By: BP Capital Management, L.P., its general partner
By: TBP Investments Management LLC, its general partner
By: /s/ ROBERT L. STILLWELL
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Name: Robert L. Stillwell
Title: Managing Director