| | Business Summary | | Pioneer
Oil
And
Gas
has
primarily
been
engaged
in
the
acquisition
and
exploration
of
oil
and
gas
properties
in
Utah,
Wyoming,
Colorado
and
Nevada.
The
Company
has
focused
its
efforts
over
the
years
in
acquiring
oil
and
gas
properties
from
other
companies
selling
producing
wells
and
in
acquiring
new
oil
and
gas
leases
for
the
purpose
of
exploring
for
oil
and
gas.
Most
of
the
Company's
present
production
from
oil
and
gas
properties
was
acquired
from
large
oil
companies
selling
properties
they
considered
to
be
marginal
producers.
The
Company
operates
nine
producing
oil
and
gas
wells
in
Utah
and
Wyoming.
The
Company
also
owns
an
interest
in
several
non-operated
oil
and
gas
wells
and
overriding
royalty
interests
in
oil
and
gas
wells
located
in
Utah,
Colorado
and
Wyoming. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Pioneer
Oil
And
Gas
is
engaged
in
the
business
of
acquiring,
developing,
and
selling
oil
and
gas
properties
to
companies
located
in
the
continental
United
States.
For
the
nine
months
ended
6/30/01,
revenues
increased
44%
to
$1.1
million.
Net
income
totalled
$121
thousand,
vs.
a
loss
of
$113
thousand.
Revenues
reflect
higher
product
prices
and
increased
project
and
lease
sales
income.
Earnings
also
reflect
higher
gross
margins
and
increased
gains
on
the
sale
of
marketable
securities. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY2000 Pay | |
| Don Colton, 54
Chairman,
Pres, CEO, Treasurer | $91K | Gregg Colton, 47
VP,
Gen. Counsel, Sec., Director | -- | Michael Pinnell, 56
Exploration
Mang. | -- | | Dollar amounts are as of 30-Sep-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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/p/piol.ob.gif)