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Home > Company Index > Energy > Oil & Gas Exploration & Production > Spinnaker Exploration Company
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Spinnaker Exploration Company |
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NEWS FROM THE WIRES |
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Kerr-McGee retains status as U.S. Gulf big spender Aug 22 2001 01:59 PM PDT
U.S. Gulf oil/gas lease sale raises $165.6 mln Aug 22 2001 10:28 AM PDT
Murhpy, Spinnaker shares up on discovery rumors Aug 15 2001 03:40 PM PDT
RESEARCH ALERT-Salomon starts Spinnaker Exploration Aug 08 2001 09:00 AM PDT
> More WIRE STORIES about this company
PROFILE |
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It's hard to run with the wind on an offshore oil rig, but Spinnaker Exploration is gaining speed in the Gulf of Mexico. The natural gas and oil exploration and production company has proved reserves of 183 billion cu. ft. of natural gas equivalent (90% natural gas) and owns the rights to 3-D seismic information for 39 million deep- and shallow-water acres off the Louisiana and Texas coasts. Spinnaker Exploration has working interests in 37 wells (all but one are natural gas); it plans to continue drilling exploratory wells in its 207 leasehold interests that cover about 740,000 acres. Warburg, Pincus Ventures, a founder, owns about 28% of the company; another founder, Petroleum Geo-Services, has sold its stake.
COMPETITION |
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Barrett Resources Corporation (BRR)
The Houston Exploration Company (THX)
Pioneer Natural Resources Company (PXD)
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STOCK ANALYSIS |
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FURTHER ANALYSIS
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 121.40
1-Yr. Sales Growth: 253.9%
Employees: 46
Revenue per employee: $2,639,130.43
KEY PEOPLE |
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Roger L. Jarvis
CEO
Robert M. Snell
CFO
CONTACT INFO |
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1200 Smith St., Ste. 800
Houston, TX 77002
US
Phone: 713-759-1770
Fax: 713-759-1773
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Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
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