| Business Summary | | KCS
Energy,
Inc.
is
an
independent
oil
and
gas
company
engaged
in
the
acquisition,
exploration
and
production
of
natural
gas
and
crude
oil
with
operations
predominately
in
the
Mid-Continent
and
Gulf
Coast
regions.
The
Company
also
purchases
reserves
(priority
rights
to
future
delivery
of
oil
and
gas)
through
its
Volumetric
Production
Payment
program.
All
of
the
Company's
exploration
and
production
activities
are
located
within
the
United
States.
In
2000,
the
Company
concentrated
its
drilling
programs
predominately
in
the
Mid-Continent
and
Gulf
Coast
regions.
In
the
Mid-Continent
Region,
the
Company
explores
in
Oklahoma
(Anadarko
and
Arkoma
basins),
North
Louisiana,
Michigan
and
the
Permian
basin.
During
2000,
the
Company
drilled
62
gross
(35.9
net)
wells
in
this
region
with
a
90%
success
ratio.
In
the
Gulf
Coast
Region,
the
Company
drilled
34
gross
(11.1
net)
wells
in
2000
with
a
68%
success
ratio. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | KCS
Energy,
Inc.
is
engaged
in
the
acquisition,
exploration,
development
and
production
of
natural
gas
and
crude
oil.
For
the
six
months
ended
6/30/01,
revenues
rose
73%
to
$141.6
million.
Net
income
applicable
to
Common
and
before
acct.
change
totaled
$72.6
million,
up
from
$14.2
million.
Revenues
reflect
increased
natural
gas
prices.
Higher
income
also
reflects
improved
gross
margins
and
the
absence
of
a
$6.1
million
write-off
of
debt
issuance
charge. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Stewart Kean, 66 Chairman | -- | James Christmas, 53 Pres,
CEO, Director | $348K | William Hahne, 49 Sr.
VP, COO | 313K | Frederick Dwyer, 41 VP,
Controller, Sec. | 149K | J. Chris Jacobsen, 45 VP
of Engineering and Portfolio Devel. | 237K | 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
|
|