| Business Summary | | DEVX
Energy,
Inc.
is
an
energy
company
engaged
in
the
exploration,
development,
exploitation
and
acquisition
of
oil
and
natural
gas
properties
in
conventional
producing
areas
of
North
America.
As
of
December
31,
2000,
the
Company
had
grown
almost
exclusively
through
acquisitions
of
properties
and
development
drilling.
As
a
result
of
its
acquisitions,
the
Company
owns
a
diverse
property
base
concentrated
in
six
producing
areas
or
basins.
Approximately
one-half
of
its
proved
reserves
are
concentrated
in
south
and
east
Texas.
The
Company's
assets
are
primarily
long-lived
natural
gas
properties
exhibiting
low
operating
costs.
The
Company
has
identified
over
100
proved
development
locations
and
exploitation
opportunities
on
its
properties,
and
has
prioritized
these
opportunities
to
concentrate
on
those
higher-impact
projects
that
have
the
potential
to
replace
production
and
to
grow
its
reserves
while
maximizing
the
long-term
return
on
its
capital. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | DevX
Energy,
Inc.
is
an
independent
energy
company
engaged
in
the
acquisition,
development
and
exploitation
of
oil
and
natural
gas
reserves,
primarily
on-shore
properties
located
in
the
United
States.
For
the
three
months
ended
3/31/01,
total
revenues
rose
85%
to
$12.3
million.
Net
income
totaled
$5
million
vs.
a
loss
of
$1.6
million.
Results
reflect
an
industry-wide
increase
in
oil
and
natural
gas
prices
and
lower
interest
and
financing
expenses. Recent Earnings Announcement For
the
3
months
ended
06/30/2001,
revenues
were
9,214;
after
tax
earnings
were
3,392. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Williams Chairman,
Pres, CEO | -- | William Lesikar, 47 CFO,
Sr. VP | -- | Bruce Benn, 46 Exec.
VP, Sec. | $160K | Ronald Idom, 45 Sr.
VP, Operations | -- | V. Ed Butler, 44 VP
of , Operations | -- | Dollar amounts are as of 30-June-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
|
|