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Home > Company Index > Energy > Oil & Gas Exploration & Production > United States Exploration, Inc.

United States Exploration, Inc.
AMEX: UXP
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 PROFILE
After exploring new ways to pay off debt, United States Exploration is getting back to the business of oil and gas exploration. The independent producer has its principal properties (the bulk of which were acquired from Union Pacific Resources) in the Wattenberg area of Colorado's Denver-Julesburg Basin. It also owns interests in properties in Kansas. The company has proved reserves of 86.2 billion cu. ft. of natural gas equivalent. To focus on its core assets in Colorado, United States Exploration has sold its Oklahoma properties. The debt-laden company has paid off a $33 million debt to a US unit of Dutch bank ING Barings, at 50 cents on the dollar. CEO Bruce Benson owns about 17% of the company.

 COMPETITION
BP p.l.c. (BP)
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 12.80
1-Yr. Sales Growth: 56.1%
Employees: 12
Revenue per employee: $1,066,666.67

 KEY PEOPLE
• Bruce D. Benson
    CEO
• F. Michael Murphy
    CFO

 CONTACT INFO
1560 Broadway, Ste. 1900
Denver, CO 80202
US
Phone: 303-863-3550
Fax: 303-863-1932

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