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Home > Company Index > Energy > Oil & Gas Exploration & Production > Spinnaker Exploration Company

Spinnaker Exploration Company
NYSE: SKE
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 NEWS FROM THE WIRES
Kerr-McGee retains status as U.S. Gulf big spender
Aug 22 2001 01:59 PM PDT

U.S. Gulf oil/gas lease sale raises $165.6 mln
Aug 22 2001 10:28 AM PDT

Murhpy, Spinnaker shares up on discovery rumors
Aug 15 2001 03:40 PM PDT

RESEARCH ALERT-Salomon starts Spinnaker Exploration
Aug 08 2001 09:00 AM PDT

More WIRE STORIES about this company

 PROFILE
It's hard to run with the wind on an offshore oil rig, but Spinnaker Exploration is gaining speed in the Gulf of Mexico. The natural gas and oil exploration and production company has proved reserves of 183 billion cu. ft. of natural gas equivalent (90% natural gas) and owns the rights to 3-D seismic information for 39 million deep- and shallow-water acres off the Louisiana and Texas coasts. Spinnaker Exploration has working interests in 37 wells (all but one are natural gas); it plans to continue drilling exploratory wells in its 207 leasehold interests that cover about 740,000 acres. Warburg, Pincus Ventures, a founder, owns about 28% of the company; another founder, Petroleum Geo-Services, has sold its stake.

 COMPETITION
Barrett Resources Corporation (BRR)
The Houston Exploration Company (THX)
Pioneer Natural Resources Company (PXD)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 121.40
1-Yr. Sales Growth: 253.9%
Employees: 46
Revenue per employee: $2,639,130.43

 KEY PEOPLE
• Roger L. Jarvis
    CEO
• Robert M. Snell
    CFO

 CONTACT INFO
1200 Smith St., Ste. 800
Houston, TX 77002
US
Phone: 713-759-1770
Fax: 713-759-1773

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