| Business Summary | | Key
Production
Company,
Inc.
is
an
energy
company
engaged
in
the
exploration,
development,
acquisition
and
production
of
oil
and
gas
in
the
continental
United
States.
The
Company
conducts
exploration
and
development
activities
primarily
in
the
Anadarko
Basin
of
Oklahoma,
the
Mississippi
Salt
Basin,
south
Louisiana
and
northern
California.
The
Company
also
has
production
operations
and
exploration
acreage
in
Wyoming
and
other
Rocky
Mountain
states.
As
of
December
31,
2000,
the
Company
had
estimated
proved
reserves
of
approximately
98.2
Bcf
(billion
cubic
feet)
of
gas
and
9.3
MMBbls
(millions
of
barrels)
of
oil,
or
an
aggregate
of
153.9
Bcfe
(billion
cubic
feet
equivalent).
Roughly,
64%
of
the
Company's
proved
reserves
are
gas
and
36%
are
oil.
More
than
99%
of
its
proved
reserves
are
classified
as
proved
developed.
The
Company
owns
approximately
180,000
net
acres
of
developed
leases
and
134,000
net
acres
of
undeveloped
leases. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Key
Production,
Inc.
is
an
independent
oil
and
gas
company
engaged
in
oil
and
gas
exploration,
development
and
production
in
the
continental
United
States.
For
the
six
months
ended
6/30/01,
revenues
rose
70%
to
$69.7
million.
Net
income
totalled
$22.2
million,
up
from
$9.5
million.
Revenues
reflect
growth
in
production
volumes
and
strong
oil
and
gas
prices.
Earnings
also
benefitted
from
lower
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| F Merelli, 65 Chairman,
CEO, Director | $337K | $4.6M | Monroe Robertson, 51 Pres,
COO | 293K | 1.8M | Paul Korus, 44 CFO,
VP | -- | -- | Stephen Bell, 46 Sr.
VP, Bus. Devel. and Land | 186K | 2.6M | Joseph Albi, 42 VP,
Engineering | 188K | 1.4M | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|