| Business Summary | | Pogo
Producing
Company
is
engaged
in
oil
and
gas
exploration,
development,
acquisition
and
production
activities
on
its
properties
located
offshore
in
the
Gulf
of
Mexico,
onshore
in
selected
areas
in
New
Mexico,
Texas
and
Louisiana,
and
internationally,
primarily
in
the
Gulf
of
Thailand
and
in
Canada.
The
Company
organizes
its
exploration
and
production
activities
principally
into
four
operating
divisions:
the
Offshore
Division,
Western
Division,
Onshore
Division
and
International
Division
and
a
New
Ventures
Group.
As
of
December
31,
2000,
the
Company
had
interests
in
99
lease
blocks
offshore
Louisiana
and
Texas,
approximately
341,376
gross
acres
onshore
in
the
United
States
and
Canada,
approximately
714,053
gross
acres
offshore
in
the
Kingdom
of
Thailand,
approximately
193,631
gross
acres
in
the
Danish
and
United
Kingdom.
sectors
of
the
North
Sea
and
approximately
778,136
gross
acres
in
Hungary. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PPP
and
subsidiaries
are
engaged
in
oil
and
gas
exploration,
development
and
production
activities
on
its
properties
located
offshore
in
the
Gulf
of
Mexico
and
onshore
in
the
U.S.
and
Canada
and
internationally
in
the
Gulf
of
Thailand
and
the
U.K.
For
the
six
months
ended
6/30/01,
revenues
rose
62%
to
$339.3
million.
Net
income
before
accounting
change
totalled
$70.9
million,
up
from
$26.9
million.
Results
reflect
increased
oil
and
gas
production
and
prices. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Paul Van Wagenen, 55 Chairman,
Pres, CEO, Director | $1.1M | James Ulm, II, 37 CFO,
VP | -- | Stuart Burbach, 48 Exec.
VP, Exploration | 461K | John McCoy, Jr., 49 CAO
and Sr. VP | 342K | J. McGregor, 56 Sr.
VP--Sales | -- | 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
|
|