|
|
Investor Relations:
Financial & Operations Summary
| |
|
2005 |
|
2004 |
|
2003 |
|
2002 |
|
2001 |
|
| (dollars
in millions, except per share or ratio amounts) |
|
|
|
|
|
|
|
|
|
|
|
|
Income Statement and Cash
Flow |
|
|
|
|
|
|
|
|
|
|
|
Oil & gas sales |
$
|
573.2
|
|
$ |
281.1 |
|
$ |
175.7 |
|
$ |
122.7 |
|
$ |
125.2 |
|
| Net Income |
$
|
121.9
|
|
$ |
70.0 |
|
$ |
18.3 |
|
$ |
7.7 |
|
$ |
41.2 |
|
| Net
Income per Share (Diluted) |
$
|
3.88
|
|
$ |
3.38 |
|
$ |
0.98 |
|
$ |
0.41 |
|
$ |
2.20 |
|
| Weighted Average
Shares Outstanding (Diluted) |
|
31,449
|
|
|
20,768 |
|
|
18,750 |
|
|
18,750 |
|
|
18,750 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Provided by Operating Activities |
$
|
330.4
|
|
$ |
134.1 |
|
$ |
91.9 |
|
$ |
62.6 |
|
$ |
62.3 |
|
| Net Cash Used in Investing
Activities |
$
|
(1,126.9)
|
|
$ |
(524.4) |
|
$ |
(47.6) |
|
$ |
(157.5) |
|
$ |
(86.5) |
|
| Net
Cash Provided by Financing Activities |
$
|
805.2
|
|
$ |
338.4 |
|
$ |
4.4 |
|
$ |
98.7 |
|
$ |
23.9 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Balance
Sheet |
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
$
|
2,235.2
|
|
$ |
1,092.2 |
|
$ |
536.3 |
|
$ |
448.5 |
|
$ |
319.8 |
|
| Long-Term Debt |
$
|
875.1
|
|
$ |
328.4 |
|
$ |
188.0 |
|
$ |
265.5 |
|
$ |
163.6 |
|
| Stockholders'
Equity |
$
|
997.9
|
|
$ |
612.4 |
|
$ |
259.6 |
|
$ |
122.8 |
|
$ |
111.5 |
|
| Debt-to-Capitalization
Ratio |
47%
|
|
35% |
|
42% |
|
68% |
|
59% |
|
| |
|
|
|
|
|
|
|
|
|
|
| Reserves |
|
|
|
|
|
|
|
|
|
|
| Oil,
MBbl |
199.2
|
|
87.6 |
|
34.6 |
|
29.5 |
|
14.8 |
|
| Natural
Gas, MMcf |
386.4
|
|
339.9 |
|
231.0 |
|
236.0 |
|
227.5 |
|
| Reserves,
MMBOE |
263.6
|
|
144.2 |
|
73.1 |
|
68.8 |
|
52.7 |
|
| Reserves-to-Production
Ratio |
21.8
|
|
18.4 |
|
11.8 |
|
11.7 |
|
9.8 |
|
|
Average Wellhead Oil Price per Bbl in Reserve Report |
$
|
55.10
|
|
$ |
40.58 |
|
$ |
29.43 |
|
$ |
28.21 |
|
$ |
17.30 |
|
| Average Wellhead Gas
Price per Mcf in Reserve Report |
$
|
7.97
|
|
$ |
5.56 |
|
$ |
5.52 |
|
$ |
4.39 |
|
$ |
2.72 |
|
| Present
Value at 10%, Before Income Taxes |
$
|
4,187.5
|
|
$ |
1,851.6 |
|
$ |
784.6 |
|
$ |
638.6 |
|
$ |
244.6 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Production
and Commodity Prices |
|
|
|
|
|
|
|
|
|
|
| Oil
Production, MBbl |
7.0
|
|
3.7 |
|
2.6 |
|
2.3 |
|
2.1 |
|
| Natural
Gas Production, MMcf |
30.3
|
|
25.1 |
|
21.6 |
|
21.4 |
|
19.8 |
|
| Production,
MMBOE |
12.1
|
|
7.8 |
|
6.2 |
|
5.9 |
|
5.4 |
|
| Oil
Sales Price, per Bbl Average, Excluding Hedging |
$
|
51.26
|
|
$ |
38.72 |
|
$ |
27.50 |
|
$ |
23.35 |
|
$ |
23.85 |
|
| Natural
Gas Sales Price, per Mcf Average, Excluding Hedging |
$
|
7.03
|
|
$ |
5.56 |
|
$ |
4.78 |
|
$ |
3.21 |
|
$ |
3.82 |
|
| Average
Sales Price, per BOE, Excluding Hedging |
$
|
44.70
|
|
$ |
35.23 |
|
$ |
27.00 |
|
$ |
20.33 |
|
$ |
23.71 |
|
| Lease
Operating Expense, per BOE |
$
|
9.24
|
|
$ |
6.90 |
|
$ |
6.96 |
|
$ |
5.58 |
|
$ |
5.52 |
|
| Production
Tax Expense, per BOE |
$
|
2.99
|
|
$ |
2.16 |
|
$ |
1.74 |
|
$ |
1.26 |
|
$ |
1.20 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
| Year-End
2005 Well Count and Acreage Statistics |
|
|
|
Gross
|
|
Net |
|
|
|
|
|
| Total Wells |
|
|
|
|
8.942 |
|
|
3,443 |
|
|
|
|
|
|
|
| Developed
Acreage |
|
|
|
|
1,032,491 |
|
|
484,677 |
|
|
|
|
|
| Undeveloped Acreage |
|
|
|
|
615,463 |
|
|
354,189 |
|
|
|
|
|
|
|
|
|
