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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Exploration & Production > PANACO, Inc.

PANACO, Inc.
AMEX: PNO
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 PROFILE
The oil and gas business has its ups and downs, but PANACO doesn't panic. The company acquires, develops, and operates oil and gas properties. It owns interests in about 150 producing oil and gas wells in the Gulf of Mexico and the Gulf Coast region, as well as several blocks in federal and state waters of the Gulf. PANACO, whose proved reserves add up to 131 billion cu. ft. of natural gas equivalent, focuses on acquiring producing properties and collecting bypassed reserves by using 3-D seismic technology and horizontal drilling and completing existing wells. The company also owns interests in pipelines in the Gulf. Major customers are Enron and Plains Resources. Corporate raider Carl Icahn controls 27% of Panaco.

 COMPETITION
Brigham Exploration Company (BEXP)
Chevron Corporation (CHV)
Magnum Hunter Resources, Inc. (MHR)

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 88.60
1-Yr. Sales Growth: 107.5%
Employees: 37
Revenue per employee: $2,394,594.59

 KEY PEOPLE
• Robert G. Wonish
    CEO
• Todd R. Bart
    CFO

 CONTACT INFO
1100 Louisiana, Ste. 5100
Houston, TX 77002
US
Phone: 713-970-3100
Fax: 713-970-3151
Online: Web Site

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