| Business Summary | | TransTexas
Gas
Corporation
is
engaged
in
the
exploration
for
and
development
and
production
of
natural
gas
and
condensate,
primarily
along
the
upper
Gulf
Coast
and
in
South
Texas.
The
exploration
and
production
activities
of
TransTexas
consist
of
geological
and
geophysical
evaluation
of
current
and
prospective
properties,
the
acquisition
of
mineral
interests
in
prospects
and
the
drilling,
development
and
operation
of
leased
properties
for
the
production
and
sale
of
natural
gas,
condensate
and
crude
oil.
TransTexas'
technical
staff
consists
of
geologists,
geophysicists
and
engineers.
The
staff
selects
drilling
locations
based
on
the
interpretation
of
available
well
data
and
3-D
and
2-D
seismic
data.
TransTexas
operates
substantially
all
of
its
producing
properties. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | TransTexas
Gas
Corp.
is
engaged
in
the
exploration
for
and
the
development
and
production
of
natural
gas
in
south
and
coastal
Texas.
For
the
three
months
ended
4/30/01,
total
revenues
increased
23%
to
$47.4
million.
Net
loss
applicable
to
Common
fell
26%
to
$5.3
million.
Revenues
reflect
higher
oil
and
natural
gas
prices.
Lower
loss
reflects
decreased
depreciation
expenses
due
to
lower
natural
gas
and
condensate
sales
volumes. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| John Stanley, 62 Chairman,
CEO | $533K | Arnold Brackenridge, 68 Pres,
COO | -- | Edwin Donahue, 50 CFO,
VP, Sec. | 634K | Simon Ward, 45 VP,
Treasurer | 266K | George Wright, 58 VP
of Accounting | 210K | Dollar amounts are as of 31-Jan-2001 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
|
|