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Home > Company Index > Energy > Oil & Gas Exploration & Production > Pure Resources, Inc.

Pure Resources, Inc.
NYSE: PRS
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 PROFILE
Purely an energy company, Pure Resources was formed when the former Titan Exploration, hardly an oil and gas behemoth, merged its South Central Texas and Gulf Coast assets with major independent oil and gas exploration player Unocal's holdings in the Permian and San Juan basins of West Texas and New Mexico. The company also has interests in the Gulf of Mexico. Pure Resources (65%-owned by Unocal) has proved reserves of more than 1 trillion cu. ft. equivalent. Natural gas accounts for about 60% of its reserves. The oil and gas company boasts daily production of more than 230 million cu. ft. of gas equivalent. Pure Resources has further expanded its asset base with its purchase of oil and gas firm Hallwood Energy.

 COMPETITION
BP p.l.c. (BP)
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Texaco Inc. (TX)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 286.80
1-Yr. Sales Growth: 278.9%
Employees: 228
Revenue per employee: $1,257,894.74

 KEY PEOPLE
• Jack D. Hightower
    CEO
• William K. White
    CFO

 CONTACT INFO
500 W. Illinois St.
Midland, TX 79701
US
Phone: 915-498-8600
Fax: 915-687-0192
Online: Web Site

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