| Business Summary | | Energy
Partners
Ltd.
is
an
independent
oil
and
natural
gas
exploration
and
production
company,
concentrated
in
the
shallow-
to
moderate-depth
waters
of
the
central
region
of
the
Gulf
of
Mexico
Shelf.
The
Company
has
three
specific
project
areas:
East
Bay
Field,
Greater
Bay
Marchand
and
Main
Pass
122/133.
The
Company's
purchasers
of
oil
and
condensate
include
Chevron,
Shell,
Williams
Energy
Marketing
&
Trading
Company
and
Williams-Gulfmark
Energy
Company.
Most
of
the
Company's
natural
gas
production
is
sold
to
Duke
Energy
Trading
and
Marketing,
L.L.C.
The
Company
also
has
natural
gas
processing
agreements
for
its
production
at
its
Bay
Marchand
and
East
Bay
fields
with
Dynegy
Midstream
Services,
L.P.
and
Enterprise
Gas
Processing,
L.L.C. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Energy
Partners,
Ltd.
is
an
independent
oil
and
natural
gas
exploration
and
production
company
concentrated
in
the
shallow
to
moderate-depth
waters
in
the
central
region
of
the
Gulf
of
Mexico
Shelf.
For
the
six
months
ended
6/01,
revenues
totalled
$87.1
million,
up
from
$30.4
million.
Net
income
applicable
to
Common
totalled
$17.5
million,
up
from
$4
million.
Revenues
reflect
increased
production
and
higher
natural
gas
prices.
Net
income
also
reflects
the
absence
of
preferred
dividends. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| Richard Bachmann, 55 Chairman,
Pres, CEO | $393K | Suzanne Baer, 53 CFO,
Exec. VP | -- | Clinton Coldren, 45 COO,
Exec. VP | 140K | T. Rodney Dykes VP-Operations | -- | James Orth, 48 VP,
Production and Operations | 140K | Dollar amounts are as of 31-Dec-1999 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
|
|