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

Maynard Oil Company
Nasdaq: MOIL
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 NEWS FROM THE WIRES
Maynard Oil says exploring merger or sale
Jul 23 2001 06:01 AM PDT

More WIRE STORIES about this company

 PROFILE
Maynard Oil does most of its work in its own backyard -- New Mexico, Oklahoma, and Texas. The independent oil exploration and production company also has interests in the Rocky Mountains and Louisiana. Proved reserves consist of 13.6 million barrels of oil and 32.1 billion cu. ft. of natural gas. Crude oil and condensate account for about 72% of the company's reserves and 68% of its production. Maynard Oil has more than doubled its reserves through acquisitions, including the purchase of 170 Permian Basin (West Texas and New Mexico) properties from Questar. Founder and CEO James Maynard owns 36% of Maynard Oil, which has announced that it is considering options that include a merger or sale of the company.

 COMPETITION
Anadarko Petroleum Corporation (APC)
Exxon Mobil Corporation (XOM)
Royal Dutch/Shell Group (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 52.70
1-Yr. Sales Growth: 115.1%
Employees: 43
Revenue per employee: $1,225,581.40

 KEY PEOPLE
• James G. Maynard
    CEO
• Kenneth W. Hatcher
    CFO

 CONTACT INFO
8080 N. Central Expwy., Ste. 660
Dallas, TX 75206
US
Phone: 214-891-8880
Fax: 214-891-8827
Online: Web Site

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