| Business Summary | | The
Houston
Exploration
Company
is
an
independent
natural
gas
and
oil
company
engaged
in
the
exploration,
development,
exploitation
and
acquisition
of
domestic
natural
gas
and
oil
properties.
The
Company's
offshore
properties
are
located
primarily
in
the
shallow
waters
of
the
Gulf
of
Mexico,
and
its
onshore
properties
are
located
in
east
and
south
Texas,
south
Louisiana,
the
Arkoma
Basin
and
the
Appalachian
Basin
in
West
Virginia.
At
December
31,
2000,
net
proved
reserves
were
562
Bcfe
with
a
discounted
present
value
of
cash
flows
before
income
taxes
of
$2.8
billion.
The
Company's
focus
is
natural
gas,
and
approximately
94%
of
its
net
proved
reserves
at
December
31,
2000
were
natural
gas
and
approximately
77%
were
classified
as
proved
developed.
The
Company
operates
approximately
85%
of
its
production. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | THX
engages
in
exploring,
developing,
exploiting,
and
acquiring
domestic
natural
gas
and
oil
properties.
THX's
properties
are
located
in
the
Gulf
of
Mexico,
east
and
south
Texas,
the
Arkoma
Basin,
south
Louisiana
and
WV.
For
the
six
months
ended
6/01,
revenues
totalled
$223.7
million,
up
from
$107.3
million.
Net
income
totalled
$83.2
million,
up
from
$24.8
million.
Revenues
reflect
increases
in
production
and
average
realized
gas
prices.
Earnings
also
reflect
lower
interest
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Robert Catell, 64 Chairman | -- | -- | William Hargett, 51 Pres,
CEO, Director | -- | -- | Thomas Powers, 56 CFO,
Sr. VP, Treasurer | $452K | $1.1M | Charles Adcock, 47 Sr.
VP, Operations and Engineering | 415K | 582K | Tracy Price Sr.
VP, Land | -- | -- | 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
|
|