| Business Summary | | Mitchell
Energy
&
Development
Corp.
and
its
majority-owned
subsidiaries
constitute
an
energy
company
engaged
in
the
exploration
for,
and
development
and
production
of,
natural
gas,
natural
gas
liquids
and
crude
oil
and
condensate.
The
Company
also
operates
natural
gas
gathering
systems
in
Texas,
and
markets
natural
gas
through
purchase
and
resale
activities.
The
Company
owns
or
operates
approximately
9,100
miles
of
natural
gas
gathering
systems
that
operate
in
local
markets
and
intersect
with
numerous
pipeline
systems,
enabling
it
to
buy,
sell,
transport
and
exchange
gas
with
other
pipeline
operators. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | MND,
an
independent
oil
and
gas
company,
explores
for
and
produces
natural
gas
and
crude
oil,
produces
natural
gas
liquids,
and
operates
gas
gathering
systems.
For
the
six
months
ended
6/30/01,
total
revenues
rose
69%
to
$1.14
billion.
Net
income
totalled
$201
million,
up
from
$87.4
million.
Revenues
reflect
higher
energy
prices
and
volumes.
Earnings
reflect
lower
geological
and
geophysical
expenses
and
lower
average
debt
balances. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| George Mitchell, 81 Chairman
and CEO | $2.5M | -- | W. Stevens, 66 Pres
and COO | 1.9M | $2.3M | Bernard Clark, 79 Vice
Chairman | -- | -- | Philip Smith, 64 Sr.
VP - Admin., and CFO | 942K | 2.2M | Thomas Battle, 58 Sr.
VP, Legal and Gov.al Affairs, Gen. Counsel and Sec. | 492K | 745K | 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.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|