UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
Plains Resources Inc.
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(Name of Issuer)
Common Stock, $.10 par value
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(Title of Class of Securities)
726540 50 6
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(CUSIP Number)
Steven J. Paul, Assistant Secretary
Shell Oil Company
910 Louisiana Street
Houston, Texas 77002
(713) 241-4112
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
June 6, 2003
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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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) 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).
SCHEDULE 13D/A
CUSIP NO. 726540 50 6
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell Land & Energy Company
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
N/A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF -0-
----------------------------------------------------
SHARES
8 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUN IN ROW (11)
-0-
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14 TYPE OF REPORTING PERSON
CO
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SCHEDULE 13D/A
CUSIP NO. 726540 50 6
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Shell Oil Company
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
N/A
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
AF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) or 2(e)
[ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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7 SOLE VOTING POWER
NUMBER OF -0-
----------------------------------------------------
SHARES
8 SHARED VOTING POWER
BENEFICIALLY
-0-
OWNED BY ----------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
-0-
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14 TYPE OF REPORTING PERSON
CO
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ITEM 1. AMENDMENT.
This amendment is being filed for the purpose of giving
notice that Shell Land & Energy Company, a Delaware corporation ("SLEC") and
Shell Oil Company, a Delaware corporation ("Shell") on June 6, 2003, sold
46,600 shares of Series D Cumulative Convertible Preferred Stock (the "Stock")
of Plains Resources Inc. (the "Company") to the Company, for the amount of
$23,300,000, plus $253,483.52 representing the pro-rated portion of the current
accrued but unpaid dividend which represents 46,600 shares at $500.00 per share
which is the face value of the Stock.
Additionally, on May 20, 2002, SLEC and Shell sold a
Warrant to purchase 150,000 shares of Common Stock of Plains Resources Inc., a
Delaware corporation, to Kayne Anderson Energy Fund II L.P., a Delaware limited
liability company, for the amount of $404,805. As a result of these
transactions, SLEC and Shell no longer own any beneficial ownership interest in
any equity security of the Company.
SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certify that the information set forth in this
statement is true, complete and correct. June 10, 2003.
SHELL LAND & ENERGY COMPANY
By: /S/ Steve J. Paul
Name: Steve J . Paul
Title: Secretary
SHELL OIL COMPANY
By: /S/ Steve J. Paul
Name: Steve J. Paul
Title: Assistant Secretary
DIRECTORS AND EXECUTIVE OFFICERS
SHELL LAND & ENERGY COMPANY
NAME AND BUSINESS ADDRESS CITIZENSHIP POSITION
J. R. Eagan U.S.A. Director
200 N. Dairy Ashford Chairman
Houston, Texas 77479 President
J. R. Crossman U.S.A. Director
200 N. Dairy Ashford Treasurer
Houston, Texas 77479
W. T. Mooney U.S.A. Director
910 Louisiana Street Vice-President
Houston, Texas 77002
S. J. Paul U.S.A. Secretary
910 Louisiana Street
Houston, Texas 77002
Kenetta D. Joseph U.S.A. Asst. Secretary
910 Louisiana Street
Houston, Texas 77002
DIRECTORS AND EXECUTIVE OFFICERS
SHELL OIL COMPANY
NAME AND BUSINESS ADDRESS CITIZENSHIP POSITION
Robert F. Daniell U.S.A. Director
910 Louisiana Street
Houston, Texas 77002
M. F. Keeth U.S.A. Director
910 Louisiana Street
Houston, Texas 77002
Vilma S. Martinez U.S.A. Director
910 Louisiana Street
Houston, Texas 77002
A. Y. Noojin, III U.S.A. Director
910 Louisiana Street
Houston, Texas 77002
R. M. Restucci U.S.A. Director
910 Louisiana Street
Houston, Texas 77002
R. J. Routs U.S.A. Director
910 Louisiana Street President
Houston, Texas 77002
General Gordon R. Sullivan U.S.A. Director
910 Louisiana Street
Houston, Texas 77002
Philip B. Watts U.S.A. Director
910 Louisiana Street Chairman
Houston, Texas 77002
R. J. Decyk U.S.A. Sr. Vice President
910 Louisiana Street
Houston, Texas 77002
P. M. Dreckman U.S.A. Vice President
910 Louisiana Street General Tax Counsel
Houston, Texas 77002
J. R. Eagan U.S.A. Vice President
910 Louisiana Street CFO
Houston, Texas 77002
C. A. Lamboley U.S.A. Sr. Vice President
910 Louisiana Street General Counsel
Houston, Texas 77002 Corp. Secretary
S. E. Ward U.S.A. Vice President
910 Louisana Street
Houston, Texas 77002
G. R. Hullinger U.S.A. Controller
910 Louisana Street Treasurer
Houston, Texas 77002
W. G. Hougland U.S.A. Asst. Secretary
910 Louisiana Street
Houston, Texas 77002
K. D. Joseph U.S.A. Asst. Secretary
910 Louisiana Street
Houston, Texas 77002
S. J. Paul U.S.A. Asst. Secretary
910 Louisiana Street
Houston, Texas 77002
E. C. Deal U.S.A. Asst. Controller
910 Louisiana Street
Houston, Texas 77002
A. M. Nolte U.S.A. Asst. Treasurer
910 Louisiana Street
Houston, Texas 77002
C. K. Potter U.S.A. Asst. Treasurer
910 Louisiana Street
Houston, Texas 77002
INDEX TO EXHIBITS
Exhibit 1 - Stock Purchase Agreement