Kerr-McGee – Companies in the News – 2001 production figures – Brief Article – Statistical Data Included
Kerr-McGee replaced 490% of its 2001 production at an average finding cost of $5.73/boe. About 40% of the reserves increase came from worldwide additions of proved reserves, net of property sales, totaling 529 million boe. Its exploration and appraisal program added 314 million boe, nearly 300% of its 2001 production, from the drillbit alone. Combined with the HS Resources’ acquisition, the result was reserves per common share increasing more than 30% from year-end 2000, to 15.1 boe per share. Deepwater programs in the North Sea accounted for about 26%, while U.S. onshore added nearly 22%. Year-end 2001 reserves were 56% liquieds and 44% gas. U.S. accounts for 54%, UK for 31%.
COPYRIGHT 2002 Gulf Publishing Co.
COPYRIGHT 2002 Gale Group