| Business Summary | | Pure
Resources,
Inc.
is
an
independent
energy
company
engaged
in
the
exploitation,
development,
exploration
and
acquisition
of
oil
and
gas
properties
located
in
the
Permian
Basin
of
west
Texas
and
southeastern
New
Mexico,
the
San
Juan
Basin
of
New
Mexico
and
Colorado,
the
Brenham
Dome
area
of
the
south
central
Texas
and
the
central
Gulf
Coast
region
of
Texas.
As
of
December
31,
2000,
Pure
operated
over
2,500
gross
productive
wells
(over
1,750
net
productive
wells).
For
the
same
period,
Pure
had
proved
reserves
of
approximately
72.6
MMBbls
of
oil
and
condensate
and
662.4
Bcf
of
gas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pure
Resources,
Inc.
is
an
independent
energy
company
engaged
in
the
exploration,
development,
production
and
acquisition
of
oil
and
gas
properties
located
in
Texas,
New
Mexico
and
Colorado.
For
the
six
months
ended
6/30/01,
total
revenues
totaled
$260.2
million,
up
from
$99.4
million.
Net
income
rose
92%
to
$59
million.
Results
reflect
increased
oil
and
gas
production
volumes
due
to
property
acquisitions
and
new
wells,
partially
offset
by
increased
amortization. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Jack Hightower, 52 Chairman,
Pres, CEO | $764K | George Staley, 66 Exec.
VP -- Exploration, Director | 308K | William White, 58 VP-Fin.,
CFO | 245K | John Benfatti, 55 VP
-finance, Controller | -- | Dan Colwell, 56 VP
-- Acquisitions, Divestitures and Land | 196K | 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
|
|