| | Business Summary | | EEX
Corporation
is
engaged
in
the
exploration
for,
and
the
development,
production
and
sale
of,
natural
gas
and
crude
oil.
Its
activities
are
concentrated
in
Texas,
the
Gulf
of
Mexico
and
Indonesia.
EEX
also
provides
operation
and
maintenance
services,
under
contract,
to
two
cogeneration
plants
as
part
of
its
plant
operations
business.
During
2000,
the
Company,
through
its
subsidiaries,
invested
approximately
$82
million
in
capital
and
cash
exploration
expense
to
increase
production
and
add
reserves
in
their
onshore
producing
assets.
This
investment
program
focused
primarily
on
the
assets
acquired
in
December
1999,
and
in
the
Vaquillas
Ranch
Field.
At
year-end
2000,
production
was
approximately
126
million
cubic
feet
equivalent
of
natural
gas
(MMcfe)
per
day. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | EEX
Corporation
is
a
natural
gas
and
oil
exploration
and
production
company
with
activities
focused
in
Texas
and
the
Gulf
of
Mexico.
For
the
six
months
ended
6/30/01,
total
revenues
fell
10%
to
$111.4
million.
Net
loss
applicable
to
Common
fell
41%
to
$9
million.
Revenues
reflect
lower
natural
gas
and
oil
production
due
to
the
sale
of
the
offshore
shelf
properties.
Lower
loss
reflects
the
absence
of
a
$12.2
million
property
impairment
charge. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Thomas Hamilton, 57
Chairman,
Pres, CEO | $1.5M | R. Langdon, 50
Exec.
VP of Fin. and Admin. and CFO | 702K | D. Henderson, 50
Exec.
VP, COO | 620K | R. Edmonson, 49
Sr.
VP, Gen. Counsel, corporate secretary | 304K | R. Oliver, 47
Pres
of EEX Exploration and Production Company, LLC | 328K | | Dollar
amounts are as of 31-Dec-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/e/eex.gif)