| Business Summary | | PrimeEnergy
Corporation
is
engaged
generally
in
the
oil
and
gas
business
through
the
acquisition,
exploration,
development,
and
production
of
crude
oil
and
natural
gas.
The
Company's
properties
are
located
primarily
in
Texas,
Oklahoma,
West
Virginia
and
Louisiana.
The
Company,
through
its
wholly
owned
subsidiaries,
Prime
Operating
Company
and
Eastern
Oil
Well
Service
Company,
acts
as
operator
and
provides
well
servicing
support
operations
for
many
of
the
oil
and
gas
wells
primarily
in
Texas,
Oklahoma
and
West
Virginia.
In
addition,
through
a
subsidiary,
Southwest
Oilfield
Construction
Company,
PrimeEnergy
provides
site
preparation
and
construction
services
for
oil
and
gas
drilling
and
re-working
operations,
both
in
connection
with
the
Company's
activities
and
providing
contract
services
for
third
parties.
The
Company
is
also
active
in
the
acquisition
of
producing
oil
and
gas
properties
through
joint
ventures
with
industry
partners
and
private
investors. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | PNRG
is
engaged
in
the
acquisition,
exploration,
development
and
production
of
crude
oil
and
natural
gas
in
TX,
OK,
WV
and
LA.
PNRG
also
provides
related
oilfield
services.
For
the
six
months
ended
6/30/01,
revenues
rose
42%
to
$23.4
million.
Net
income
totalled
$4.6
million,
up
from
$1.9
million.
Revenues
reflect
higher
production
volumes
and
increased
average
gas
prices.
Net
income
also
reflects
an
improved
operating
margin,
and
higher
gains
on
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Charles Drimal, Jr., 53 Pres,
CEO, Director | $733K | Beverly Cummings, 48 Exec.
VP, Treasurer | 433K | James Gilbert, 68 Sec. | -- | 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
|
|