SECURITIES AND EXCHANGE COMMISSON
Washington, D.C.
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)
September 25, 1997
ENSERCH EXPLORATION, INC.
(Exact name of Registrant as specified in its charter)
Texas 1-12108 752421863
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
2500 CityWest Boulevard, Suite 1400, Houston, Texas 77046
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including Area Code: (281)271-3100
6688 N. Central Expwy., Ste. 1000, Dallas, TX 75206-3922
(Former name or former address, if changed since last report)
Item 4. Changes in Registrant's Certifying Accountant
(a) On September 25, 1997, Enserch Exploration, Inc.
dismissed Deloitte & Touche LLP (Deloitte & Touche) as the
Company's independent accountants. The Company has engaged
Ernst & Young LLP ("Ernst & Young") as its new independent
accountants effective immediately. The decision to change
the Company's independent accountants was recommended by the
Company's Audit Committee and approved by the Company's
Board of Directors.
(b) Deloitte & Touche's reports on the Company's
consolidated financial statements for the two fiscal years
ended December 31, 1995 and 1996, respectively, did not
contain an adverse opinion or disclaimer of opinion, nor
were such reports qualified or modified as to uncertainty,
audit scope, or accounting principles.
(c) During the Company's two fiscal years ended December
31, 1996 and the subsequent interim period preceding the
decision to change independent accountants, there were no
disagreements with Deloitte & Touche on any matter of
accounting principles or practices, financial statement
disclosure, or auditing scope or procedure, which
disagreement(s), if not resolved to the satisfaction of
Deloitte & Touche would have caused it to make a reference
to the subject matter of the disagreement(s) in connection
with its reports covering such periods.
(d) During the Company's two fiscal years ended December
31, 1996 and the subsequent interim period preceding the
decision to change independent accountants, there were no
"reportable events" (hereinafter defined) requiring
disclosure pursuant to Section 229.304(a)(l)(v) of
Regulation S-K. As used herein, the term "reportable event"
means any of the items listed in paragraphs (a)(l)(v)(A)-(D)
of Section 304 of Regulation S-K.
(e) Effective September 25, 1997, the Company engaged Ernst
& Young as its independent accountants. During the fiscal
years ended December 31, 1996 and the subsequent interim
period preceding the decision to change independent
accountants, neither the Company nor anyone on its behalf
consulted Ernst & Young regarding either the application of
accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that
might be rendered on the Company's consolidated financial
statements, nor has Ernst & Young provided to the Company a
written report or oral advice regarding such principles or
audit opinion.
(f) The Company has requested that Deloitte & Touche
furnish it with a letter addressed to the Securities and
Exchange Commission whether or not it agrees with the above
statements. A copy of the letter from Deloitte & Touche
dated September 26, 1997 is filed as Exhibit 16 to this Form
8-K.
Item 7. Financial Statements and Exhibits
Exhibits
16. Letter from Deloitte & Touche LLP pursuant to Item
304(a)(3) of Regulation S-K.
SIGNATURE
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 thereunto duly
authorized.
Enserch Exploration, Inc.
By: /s/ R. S. Langdon
-------------------
R. S. Langdon
Executive Vice President,
Finance and Administration
and Chief Financial Officer
Date: September 30, 1997