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Home > Company Index > Energy > Oil & Gas Exploration & Production > The Houston Exploration Company

The Houston Exploration Company
NYSE: THX
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 PROFILE
Houston, we have a platform. Houston Exploration performs some of its gas and oil exploration, development, and production from offshore platforms in the shallow waters of the Gulf of Mexico, although 59% of its reserves are located onshore. The company offsets the risks of its high-potential Gulf operations by holding lower-risk onshore properties and operating 85% of its production from interests in about 1,100 producing wells. Houston Exploration's proved reserves (94% of which are natural gas) total 562 billion cu. ft. of natural gas equivalent. Its biggest customer, Dynegy, accounts for 23% of sales. THEC Holdings, a unit of New York-based utility KeySpan, owns 68% of the company.

 COMPETITION
Exxon Mobil Corporation (XOM)
Newfield Exploration Company (NFX)
Royal Dutch/Shell Group (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 270.60
1-Yr. Sales Growth: 79.7%
Employees: 110
Revenue per employee: $2,460,000.00

 KEY PEOPLE
• William G. Hargett
    CEO
• Thomas W. Powers
    CFO

 CONTACT INFO
1100 Louisiana, Ste. 2000
Houston, TX 77002
US
Phone: 713-830-6800
Fax: 713-830-6885
Online: Web Site

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