| Business Summary | | Panhandle
Royalty
Company
has
been
involved,
since
its
formation,
in
the
acquisition
and
management
of
mineral
interests
and
the
exploration
for,
and
development
of,
oil
and
gas
properties,
principally
involving
wells
located
on
the
Company's
mineral
interests.
Panhandle's
mineral
properties
and
other
oil
and
gas
interests
are
located
primarily
in
Oklahoma,
New
Mexico
and
Texas.
Properties
are
also
located
in
twelve
other
states.
The
majority
of
the
Company's
oil
and
gas
production
is
from
wells
located
in
Oklahoma
and
the
Dagger
Draw
Field
in
Eddy
County,
New
Mexico. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Panhandle
Royalty
Company
is
involved
in
the
acquisition
and
management
of
mineral
interests
and
the
exploration
for,
and
development
of,
oil
and
gas
properties.
For
the
nine
months
ended
6/30/01,
total
revenues
increased
64%
to
$10.3
million.
Net
income
rose
from
$2
million
to
$4.1
million.
Revenues
reflect
an
increase
in
the
average
sales
prices
for
natural
gas
and
crude
oil.
Earnings
benefited
from
lower
operating
expenses
as
a
percentage
of
sales. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jerry Smith, 60 Chairman | -- | H. Peace II, 65 Pres,
CEO, Director | $168K | Michael Coffman, 47 CFO,
VP, Sec., Treasurer | -- | Wanda Tucker, 63 VP
of Land | -- | Dollar amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|