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Home > Company Index > Energy > Oil & Gas Exploration & Production > Westport Resources Corporation

Westport Resources Corporation
NYSE: WRC
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 NEWS FROM THE WIRES
Westport reports Q2 profit, sees Belco benefits
Aug 10 2001 05:12 PM PDT

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 PROFILE
Westport Resources can weather a storm in many ports. The independent natural gas and oil company balances its high-risk offshore operations in the Gulf of Mexico with lower-risk activities in the Gulf Coast, midcontinent, Rocky Mountain, and West Texas regions. Focusing on acquisition, exploration, and development, Westport Resources has proved reserves of 454.3 billion cu. ft. of natural gas equivalent (54% of which is natural gas). It will expand its onshore operations by buying Belco Oil & Gas. Equitable Resources and Bahamas-based Westport Investments each own about 36% of the company, which was formerly Westport Oil and Gas before it pooled its resources with Equitable's Gulf of Mexico holdings in 2000.

 COMPETITION
Burlington Resources Inc. (BR)
Louis Dreyfus Natural Gas Corp. (LD)
Pioneer Natural Resources Company (PXD)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 220.00
1-Yr. Sales Growth: 198.3%
Employees: 97
Revenue per employee: $2,268,041.24

 KEY PEOPLE
• Donald D. Wolf
    CEO
• Lon McCain
    CFO

 CONTACT INFO
410 17th St., Ste. 2300
Denver, CO 80202
US
Phone: 303-573-5404
Fax: 303-573-5609
Online: Web Site

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