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Home > Company Index > Energy > Oil & Gas Exploration & Production > 3TEC Energy Corporation

3TEC Energy Corporation
Nasdaq: TTEN
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 PROFILE
Using 3-D technology, 3TEC Energy explores its possibilities as an oil and gas exploration and production company. Formerly Middle Bay Oil, the company operates primarily in East Texas and the Gulf Coast region. It also has properties in the midcontinent region and the Permian and San Juan basins. The company's acquisitions, including Magellan Exploration, CWR Properties, and Classic Resources, have boosted its reserves substantially. Natural gas accounts for 79% of 3TEC Energy's proved reserves of 302 billion cu. ft. of natural gas equivalent. It has also acquired several drilling prospects covered by a large 3-D seismic database. CEO Floyd Wilson owns 23% of the company.

 COMPETITION
Chesapeake Energy Corporation (CHK)
Chevron Corporation (CHV)
KCS Energy, Inc. (KCS)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 103.20
1-Yr. Sales Growth: 391.4%
Employees: 50
Revenue per employee: $2,064,000.00

 KEY PEOPLE
• Floyd C. Wilson
    CEO
• R. A. Walker
    CFO

 CONTACT INFO
777 Walker St., Two Shell Plaza, Ste. 2400
Houston, TX 77002
US
Phone: 713-821-7100
Fax: 713-821-7200
Online: Web Site

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