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Home > Company Index > Energy > Oil & Gas Exploration & Production > Vision Energy, Inc.
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Vision Energy, Inc. |
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PROFILE |
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Its vision: energy. Vision Energy has set its sights on being a player in the independent oil and gas exploration market. The company was formed to acquire DDD Energy, a subsidiary of seismic data services firm Seitel, at the close of Vision Energy's planned IPO. Formed in 1993, DDD Energy explores for, develops, and produces oil and gas on more than 350,000 gross acres in the US, primarily in East and South Texas, Louisiana, and California. It has proved reserves of 60.2 billion cu. ft. of natural gas and 4.6 million barrels of oil and is focusing on the Gulf Coast as its main growth region. Seitel will reduce its stake in Vision Energy from 19% to 10% after the IPO.
COMPETITION |
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BP p.l.c. (BP)
Chevron Corporation (CHV)
Texaco Inc. (TX)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1998 Sales (mil.): 19.00
1-Yr. Sales Growth: (26.0)%
Employees: 19
Revenue per employee: $1,000,000.00
KEY PEOPLE |
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Paul Frame
CEO
Marcia H. Kendrick
CFO
CONTACT INFO |
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50 Briar Hollow Ln., 7th Fl., West Bldg.
Houston, TX 77027
US
Phone: 713-881-8900
Fax: 713-881-8901
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