| | Business Summary | | Wiser
Oil
Company
is
an
independent
oil
and
gas
exploration
and
production
company
operating
in
Texas,
New
Mexico,
the
Gulf
Coast
and
Alberta,
Canada.
The
Company's
two
largest
properties,
representing
50%
of
total
proved
reserves,
are
oil
exploitation
projects
in
the
Permian
Basin.
Wiser's
proved
reserves
at
December
31,
2000,
were
96%
developed,
with
oil
and
NGL's
comprising
66%
and
natural
gas
comprising
34%
of
total
reserves.
Approximately
79%
of
the
Company's
proved
reserves
are
located
in
the
United
States
and
21%
are
located
in
Canada.
Over
the
past
five
years,
Wiser
has
replaced
93%
of
its
production
through
a
combination
of
acquisition,
exploration,
development
and
exploitation
activities. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Wiser
Oil
Company
is
engaged
in
the
exploration,
development
and
acquisition
of
crude
oil
and
natural
gas
properties
in
the
United
States
and
Canada.
For
the
six
months
ended
6/30/01,
total
revenues
rose
69%
to
$54
million.
Net
income
applicable
to
Common
totaled
$15.4
million
vs.
a
loss
of
$1.7
million.
Revenues
reflect
increased
oil
production
volumes
and
higher
realized
oil
and
gas
sales
prices.
Earnings
also
reflect
higher
operating
margins
due
to
higher
prices. | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| George Hickox, Jr., 42
Chairman,
CEO | $11K | A. Wayne Ritter, 60
Pres | 190K | Richard Davis, 47
VP-Fin. | 128K | | 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/w/wzr.gif)