| Business Summary | | Mission
Resources
Corp.,
formerly
known
as
Bellwether
Exploration
Company,
is
an
independent
energy
company
engaged
in
the
acquisition,
exploitation,
development,
exploration
and
production
of
oil
and
gas
properties.
The
Company's
core
areas
of
activity
are
the
Texas/Louisiana
Gulf
Coast,
both
onshore
and
offshore,
Southeastern
New
Mexico
and
West
Texas.
At
December
31,
2000,
the
Company's
estimated
net
proved
reserves,
using
constant
prices
that
were
in
effect
at
such
date,
totaled
17.5
millions
of
barrels
(MMBbl)
of
oil,
1.7
MMBbl
of
natural
gas
liquids
and
75
billion
cubic
feet
(Bcf)
of
natural
gas
for
a
total
of
31.6
million
barrels
of
oil
equivalent.
On
an
equivalency
basis,
approximately
39%
of
the
Company's
estimated
net
proved
reserves
were
natural
gas
and
approximately
77%
of
the
reserves
were
developed
at
such
date.
In
addition
to
its
leasehold
interests,
the
Company
has
interests
in
natural
gas-processing
plants
in
California
and
West
Texas. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Mission
Resources
Corp.
is
an
independent
energy
co.
engaged
in
the
acquisition,
exploitation,
development,
and
production
of
and
exploration
for
oil
and
gas
properties
and
the
gathering
and
processing
of
natural
gas
in
the
U.S.
and
the
Gulf
of
Mexico.
For
the
six
months
ended
6/30/01,
total
revenue
rose
33%
to
$69.1
million.
Net
income
before
acct.chg.
fell
99%
to
$389
thousand.
Results
reflect
increased
oil
and
gas
production
partially
offset
by
the
absence
of
a
$15.8
million
tax
benefit. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| J. Bryan, 60 Chairman | $275K | Douglas Manner Pres,
CEO | -- | Robert Bensh, 31 Sr.
VP-Fin., Sec. | 147K | Dan Foley Sr. VP, Corp. Fin. | -- | Cliff West, Jr., 60 Sr.
VP, Exploitation and Exploration | 172K | Dollar amounts are as of 31-Dec-1999 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
|
|