| Business Summary | | Beta
Oil
&
Gas,
Inc.
is
an
independent
oil
and
gas
company
engaged
in
the
exploration,
exploitation,
development,
production
and
acquisition
of
natural
gas
and
crude
oil.
The
Company's
operations
are
currently
focused
on
the
exploration
and
development
of
oil
and
gas
producing
trends
situated
in
Oklahoma,
Texas,
Louisiana
and
Wyoming.
As
of
December
31,
2000,
the
Company
owned
interests
in
approximately
275
gross
wells,
168
wells
net
to
its
interest,
in
the
Mid-Continent,
Texas
and
Louisiana
regions
and
over
18,000
net
acres
located
in
these
same
areas
for
future
exploration.
As
of
December
31,
2000
the
Company's
oil
and
gas
properties
had
net
proved
reserves
of
24.3
BcfEQ
(billion
cubic
feet
of
gas
equivalent),
comprised
of
19.4
Bcf
(billion
cubic
feet)
of
natural
gas
and
814
MBbl
(thousand
barrels)
of
oil. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Beta
Oil
and
Gas
is
a
development
stage
company
engaged
in
the
exploration
and
production
of
natural
gas
and
crude
oil
in
the
U.S.
and
Australia.
For
the
three
months
ended
3/31/01,
revenues
totaled
$4.7
million,
up
from
$940
thousand.
Net
income
totaled
$906
thousand
vs.
a
loss
of
$125
thousand.
Revenues
benefitted
from
an
increase
in
gas
and
crude
oil
production
and
higher
average
natural
gas
prices.
Net
income
also
reflects
lower
S/G/A
expenses
as
a
percentage
of
revenues. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
3,800;
after
tax
earnings
were
400. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Steve Antry, 45 Chairman
and Pres | $258K | Joe Burnett, 48 CFO | -- | R. Thomas Fetters, 61 Managing
Director of Exploration, Director | -- | Lisa Antry, 38 Treasurer | -- | Virginia Cherry, 55 Sec. | -- | 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
|
|