| Business Summary | | Encore
Acquisition
Company
is
an
independent
energy
company
engaged
in
the
acquisition,
development,
exploitation
and
marketing
of
North
American
oil
and
natural
gas
reserves.
The
Company's
oil
and
natural
gas
reserves
are
concentrated
in
fields
located
in
the
Williston
Basin
of
Montana
and
North
Dakota,
the
Permian
Basin
of
Texas
and
New
Mexico
and
the
Anadarko
Basin
of
Oklahoma.
The
producing
sites
include
Cedar
Creek
Anticline,
Crockett
County,
Lodgepole,
and
Indian
Basin/Verden.
At
September
30,
2000,
total
proved
reserves
were
95,
890
MBOE
(million
barrels
of
oil
equivalent),
including
84,190
at
the
Cedar
Creek
Anticline,
5,990
at
Crockett
County,
2,331
at
Lodgepole,
and
3,379
at
Indian
Basin/Verden.
The
Company
acts
as
operator
of
properties
representing
approximately
81%
of
its
reserve
value
at
September
30,
2000.
The
Company's
oil
and
natural
gas
production
is
principally
sold
to
end
users,
marketers
and
other
purchasers
having
access
to
nearby
pipeline
facilities. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Encore
Acquisition
Company
is
an
independent
energy
company
engaged
in
the
acquisition,
development
and
exploitation
of
North
American
oil
and
natural
gas
reserves,
concentrated
in
Montana,
North
Dakota,
Texas,
New
Mexico
and
Oklahoma.
For
the
six
months
ended
6/30/01,
revenues
rose
62%
to
$70.8
million.
Net
income
before
acct.
change
totaled
$8.3
million
vs.
a
loss
of
$4.3
million.
Results
reflect
higher
volumes
due
to
acquisitions
and
lower
stock
compensation
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY1999 Pay | |
| I. Jon Brumley, 61 Chairman,
Pres, CEO | $378K | Morris Smith, 56 CFO,
Exec. VP | -- | Jon Brumley, 30 Exec.
VP-Bus. Devel. | 241K | Kyle Schultz, 43 Exec.
VP-Exploitation | 245K | Gene Carlson, 47 Exec.
VP-Operations | 238K | 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
|
|