| Business Summary | | Pyramid
Oil
Company
is
engaged
in
the
business
of
exploration,
development
and
production
of
crude
oil
and
natural
gas.
Pyramid
acquires
interests
in
land
and
producing
properties
through
acquisition
and
lease
on
which
it
drills
and/or
operates
oil
or
gas
wells
in
efforts
to
discover
and/or
to
produce
oil
and
gas.
Crude
oil
and
natural
gas
produced
from
these
properties
are
sold
to
various
refineries
and
pipeline
companies.
The
majority
of
all
oil
and
gas
properties
that
Pyramid
owns
and
operates
are
for
its
own
account.
Pyramid
also
participates
in
specific
joint
ventures
with
others
in
the
development
of
oil
and
gas
properties.
The
Company's
interests
in
these
properties
vary
depending
on
the
availability
of
interests
and
their
locations. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Pyramid
Oil
Company
acquires,
explores
and
develops
land
and
properties
which
produce
crude
oil
and
natural
gas.
For
the
six
months
ended
6/30/01,
revenues
fell
1%
to
$932
thousand.
Net
income
totaled
$531
thousand,
up
from
$186
thousand.
Revenues
reflect
lower
average
crude
oil
prices
for
the
first
quarter
of
2001.
Earnings
benefitted
from
the
gain
recorded
for
the
settlement
from
a
lawsuit
the
Company
filed
for
the
breach
of
contractual
agreement. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2000 Pay | |
| J. Ben Hathaway, 61 Pres,
CEO | $78K | John Alexander, 53 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
|
|