| | Business Summary | | CREDO
Petroleum
Corporation
and
its
wholly
owned
subsidiaries,
SECO
Energy
Corporation
and
United
Oil
Corporation
are
independent
oil
and
gas
companies
that
engage
in
oil
and
gas
acquisition,
exploration,
development
and
production
activities
mostly
in
the
Mid-Continent
and
Rocky
Mountain
regions
of
the
United
States.
The
Company's
primary
business
activities
consist
of
oil
and
gas
production;
application
of
recently
developed
fluid
lift
technology
to
low
pressure
gas
reservoirs
(Calliope
System);
purchasing
producing
oil
and
gas
properties;
exploration
for
and
development
of
oil
and
gas
reserves
and
operation
of
oil
and
gas
properties
for
the
Company's
interest
and
for
the
interests
of
third
parties.
The
Company
acts
as
operator
of
80
wells
pursuant
to
standard
industry
Operating
Agreements,
and
it
owns
working
and
royalty
interests
in
approximately
466
wells,
which
are
operated
by
outside
parties. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | CREDO
Petroleum
is
engaged
in
the
exploration,
development,
acquisitions
and
production
activities
in
the
Rocky
Mountain
and
Mid-Continent
regions
of
the
U.S.
For
the
six
months
ended
4/30/01,
revenues
rose
37%
to
$3
million.
Net
income
rose
58%
to
$1.1
million.
Revenues
reflect
higher
oil
and
gas
prices
and
increased
oil
production.
Higher
income
also
reflects
improved
gross
margins
and
lower
general
and
administrative
expenses
as
a
percentage
of
sales. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| James Huffman, 53
Chairman,
Pres and CEO | $160K | John Alsko, 59
CFO,
VP | -- | William Skewes, 55
Sec.
and Gen. Counsel | -- | Kenneth DeFehr, 51
Mang.-
Petroleum Engineering | -- | Torie Vandeven, 46
Mang.
- Geology and Exploration | -- | | Dollar amounts are as of 31-Oct-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/c/cred.gif)