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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):
JANUARY 5, 1998
CODA ENERGY, INC.
(Exact Name of Registrant as Specified in its Charter)
State of Delaware 0-10955 75-1842480
(State or Other (Commission File Number) (IRS Employer
Jurisdiction of Incorporation) Identification No.)
5735 Pineland Drive
Suite 300
Dallas, Texas 75231
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (214) 692-1800
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Item 4. Changes in Registrant's Certifying Accountant
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(a) Effective January 5, 1998, Coda Energy, Inc. ("Coda") dismissed its prior
certifying accountants Ernst & Young LLP ("E&Y") and retained as its new
certifying accountants, Arthur Andersen LLP ("AA"), the certifying accountant of
Coda's new parent company, Belco Oil & Gas Corp. ("Belco"). The decision to
change accountants was recommended by the management of Belco and approved by
the Audit Committee of the Board of Directors of Belco.
E&Y's report on Coda's financial statements during the two most recent fiscal
years contained no adverse opinion or a disclaimer of opinion, and was not
qualified or modified as to uncertainty, audit scope or accounting principles.
During the two most recent fiscal years and all subsequent interim periods to
the date hereof, there were no disagreements between Coda and E&Y on any matter
of accounting principles or practices, financial statement disclosure, or
auditing scope or procedure, which disagreements, if not resolved to the
satisfaction of E&Y, would have caused it to make a reference to the subject
matter of the disagreements in connection with its reports.
None of the "reportable events" described in Item 304(a)(1)(v) of Regulation
S-K occurred with respect to Coda within the two most recent fiscal years and
all subsequent interim periods to the date hereof.
(b) Effective January 5, 1998, Coda engaged AA as its principal accountants.
During the two most recent fiscal years and all subsequent interim periods to
the date hereof, neither Coda nor anyone on Coda's behalf consulted with AA
regarding any of the matters or events set forth in Item 304(a)(2)(i) and (ii)
of Regulation S-K.
Item 7. Financial Statements and Exhibits
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(a) Financial statements of businesses acquired.
Not Applicable.
(b) Pro Forma Financial Information.
Not Applicable.
(c) Exhibits.
16.1 Letter from Ernst & Young LLP regarding change in certifying
accountant.
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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.
Date: January 9, 1998 CODA ENERGY, INC.
By: \s\ Grant W. Henderson
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Grant W. Henderson
President and
Chief Financial Officer
EXHIBIT INDEX
PAGE NO.
16.1 Letter from Ernst & Young LLP regarding change in certifying
accountant