| Business Summary | | Prize
Energy
Corp.
is
a
mid-size
public
independent
oil
and
gas
company
engaged
primarily
in
the
acquisition,
enhancement
and
exploitation
of
producing
oil
and
gas
properties.
Prize
currently
owns
oil
and
gas
properties
in
three
core
operating
areas,
which
are
principally
located
in
the
Permian
Basin
of
West
Texas
and
Southeastern
New
Mexico,
the
onshore
Gulf
Coast
area
of
Texas
and
Louisiana,
and
the
Mid-Continent
area
of
Western
Oklahoma
and
the
Texas
Panhandle.
Over
80%
of
Prize's
oil
and
gas
property
base
is
located
in
Texas.
Prize
is
engaged
in
numerous
drilling
and
recompletion
activities
on
properties
presently
owned,
and
intends
to
drill
or
develop
other
properties
acquired
in
the
future.
For
2001,
Prize's
drilling
and
recompletion
activities
will
be
focused
in
the
Permian
Basin
of
West
Texas,
onshore
Gulf
Coast
area
of
South
Texas
and
Louisiana,
and
the
Mid-Continent
region
of
Western
Oklahoma
and
the
Texas
Panhandle. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Prize
Energy
Corp.
is
a
mid-size
independent
oil
and
gas
company
engaged
in
the
acquisition,
enhancement,
and
exploitation
of
producing
oil
and
gas
properties.
PRZ
owns
interests
in
more
than
2,500
producing
wells.
For
the
six
months
ended
6/30/01,
revenues
rose
55%
to
$102.7
million.
Net
income
applicable
to
Common
totalled
$29
million,
up
from
$12.3
million.
Results
reflect
an
increase
in
oil
and
gas
sales
and
the
inclusion
of
$6.4
million
in
derivative
fair
values
received. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Philip Smith, 49 Chairman,
CEO, Treasurer | $245K | Lon Kile, 45 Pres,
COO, Director | 387K | D. Richard Massengill, 54 VP-Exploitation | 304K | 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
|
|