| Business Summary | | Petrol
Industries,
Inc.
is
engaged
in
drilling
for
and
producing
oil
and
gas
on
leased
property
located
in
the
Caddo
Pine
Island
Field,
the
Greenwood-Waskom
Field,
and
the
Shreveport
Field,
all
in
Caddo
Parish,
Louisiana.
The
Company
is
primarily
involved
in
the
production
of
oil,
which
is
sold
to
approximately
ten
oil
companies.
As
of
December
31,
1999,
Petrol's
leases
contained
eight
completed
gas
wells,
18
completed
wells
producing
oil
and
gas,
and
326
completed
oil
wells,
principally
in
the
Annona
Chalk
zone.
Petrol
estimates
that,
on
the
average,
its
wells
have
been
producing
for
a
period
in
excess
of
25
years.
An
aggregate
of
225
wells
producing
oil
or
oil
and
gas
are
currently
being
operated. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Petrol
Industries,
Inc.
is
engaged
in
drilling
for
and
producing
oil
and
gas
on
leased
property
located
near
Caddo,
Louisiana.
For
the
three
months
ended
3/31/01,
total
revenues
decreased
31%
to
$148
thousand.
Net
loss
totaled
$39
thousand
vs.
an
income
of
$9
thousand.
Revenues
reflect
lower
production
volume
caused
by
serious
inclement
weather
conditions
the
prevailed
during
the
period.
Net
losses
reflect
an
increase
in
lease
operating
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| Joseph Rodano, 64 Chairman,
Pres, CEO, Treasurer and Assistant Sec. | $69K | Arlys Milan, 46 VP,
Sec. | -- | Jimmy Foster, 57 VP | -- | Dollar
amounts are as of 31-Dec-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
|
|