PXP Producing (PPP) 8-K Hurricane Ivan Results In Lower Third Quarter Production for Pogo; Gulf of Mexico Shut-ins Await Pipeline Repairs

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Exhibit 99.2

Pogo Producing Company
Supplemental Information (Unaudited) *

			Quarter Ended September 30,				Nine Months September 30,
Financial Data (Data in $                  thousands, except per share amounts)
			2004		2003		2004		2003
Revenues:
	Oil and Gas		364,024		278,484		998,010		887,347
	Other		173		848		962		1,804
		Total	364,197		279,332		998,972		889,151
Operating Expenses:
	Lease Operating		36,334		31,268		103,559		91,811
	General & Administrative		18,747		16,936		52,753		45,362
	Exploration		5,186		1,432		18,573		5,091
	Dry hole and impairment		18,085		4,568		54,550		10,666
	Depreciation, depletion and amortization		96,759		79,688		277,212		244,454
	Production and other taxes		28,606		8,084		52,380		27,269
	Transportation and other		5,452		5,610		15,609		21,002
		Total	209,169		147,586		574,636		445,655
Operating Income			155,028		131,746		424,336		443,496
Interest:
	Charges		(6,044	)	(10,255	)	(22,115	)	(36,934	)
	Income		587		446		1,482		1,380
	Capitalized		3,441		4,246		11,457		12,377
		Total Interest Expense	(2,016	)	(5,563	)	(9,176	)	(23,177	)
Loss on Debt Extinguishment			—		(5,893	)	(10,893	)	(5,893	)
Foreign Currency Transaction Gain (Loss)			287		587		1,439		1,149
Income Before Income Taxes			153,299		120,877		405,706		415,575
Income Tax Expense (Benefit)			66,687		53,217		182,265		175,553
Income Before Change in Accounting Principle			86,612		67,660		223,441		240,022
Change in accounting principle			—		—		—		(4,166	)
Net Income			86,612		67,660		223,441		235,856
Basic earnings per share
	Before change in accounting principle		1.36		1.07		3.50		3.86
	Change in accounting principle		—		—		—		(0.07	)
	Basic earnings per share		1.36		1.07		3.50		3.79
Diluted earnings per share
	Before change in accounting principle		1.35		1.06		3.47		3.74
	Change in accounting principle		—		—		—		(0.07	)
	Diluted earnings per share		1.35		1.06		3.47		3.67
Weighted Average Number of Common Shares and Potential Common Shares Outstanding:
	Basic shares		63,846		63,379		63,780		62,170
	Diluted shares		64,334		63,963		64,323		64,826
Discretionary Cash Flow:
	Net Income		86,612		67,660		223,441		235,856
	Change in accounting principle		—		—		—		4,166
	Depreciation, depletion and amortization		96,759		79,688		277,212		244,454
	Deferred Taxes		(10,117	)	25,692		(5,366	)	32,961
	Dry Hole and Impairment		18,085		4,568		54,550		10,666
	Exploration		5,186		1,432		18,573		5,091
	(Gains) Losses on Property Sales		341		(3	)	76		87
	Capitalized Interest		(3,441	)	(4,246	)	(11,457	)	(12,377	)
	Other Noncash		3,043		16,164		17,250		25,953
		Total	196,468		190,955		574,279		546,857

*

Supplemental Information should be read in conjunction with Pogo's Quarterly Earnings Release

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Exhibit 99.2