July 19, 1988 |
He was Marshall Ney to T. Boone Pickens' Napoleon, the "financial genius" who set strategy for Mesa Limited Partnership's raids on oil giants including Gulf Oil, Phillips Petroleum, Cities Service, Diamond Shamrock and Unocal. David Batchelder, now ensconced in La Jolla and in the process of raising $50 million to $100 million for his own "boutique" investment banking firm called Batchelder & Partners, makes it clear he's ready to lead his own corporate raids.
March 26, 1988
David Batchelder, who has helped oilman T. Boone Pickens Jr. make his corporate raids for the past decade, plans to leave the firm to start a consulting business that may compete with Pickens. Batchelder, 38, said he will leave Mesa Limited Partnership at the end of May to move to San Diego. "It was really more of a case of leaving Amarillo than leaving Boone," said Batchelder. "Ten years in Amarillo is enough," Batchelder said.
August 6, 1991 |
Mesa Plans to Incorporate: Mesa Ltd. Partnership announced plans to convert to a corporation, allowing institutional investors to replace individuals who left last year when dividends ended with the natural gas price slump. In a filing with the Securities and Exchange Commission, Mesa proposed issuing new common stock to replace existing common and preference ownership units. At the same time, Mesa plans a one-for-five reverse stock split, reducing the number of outstanding shares by 80%.
February 21, 1986
Under the offer from Mesa Limited Partnership, Pioneer would receive about 58.1 million "Pioneer-A" preference units and 33.2 million "Pioneer-B" units of Mesa Limited Partnership in exchange for all of its assets and businesses, including the assumption of all liabilities other than those arising as a result of the deal. Pioneer then would distribute the units to its shareholders pursuant to the liquidation plan previously adopted by the board.