| Business Summary | | Remington
Oil
and
Gas
Corp.
is
primarily
engaged
in
the
exploration,
development
and
production
of
oil
and
gas
reserves
in
the
offshore
Gulf
of
Mexico
and
onshore
Gulf
Coast
areas.
The
Company
shares
ownership
in
many
of
its
oil
and
gas
properties
with
various
industry
partners.
At
year-end
2000,
the
Company
operated
five
of
its
producing
offshore
properties,
while
others
operated
the
remainder
of
its
producing
properties.
Operating
the
property
allows
the
Company
to
maintain
a
greater
degree
of
control
over
timing
and
amount
of
capital
expenditures. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Remington
Oil
and
Gas,
an
independent
energy
company,
explores,
develops
and
produces
oil
and
natural
gas.
For
the
six
months
ended
6/30/01,
revenues
totaled
$74.2
million,
up
from
$36.1
million.
Net
income
rose
38%
to
$15.9
million.
Revenues
reflect
an
increase
in
production
and
average
price
of
gas
and
oil.
Net
income
was
partially
offset
by
increased
settlement
expenses
and
increased
operating
expenses
due
to
a
higher
number
of
producing
properties. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| David Hawk, 56 Chairman | -- | James Watt, 51 Pres,
CEO, Director | $580K | Don Box, 50 Exec.
VP | -- | Robert Murphy, 42 Sr.
VP of Exploration and Production, COO | 328K | Steven Craig, 49 Sr.
VP - Planning and Admin. | 150K | 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
|
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