PXP Producing (PPP) 8-K Thailand Disposition, Northrock Acquisition

Exhibit 99.2

Pogo Producing Company

Supplemental Information (Unaudited) (1)(2)

	Quarter Ended				Six Months Ended
Financial Data	June 30,				June 30,
(Data in $ thousands, except per share amounts)	2005		2004		2005		2004
Revenues:
Oil and gas	274,044		250,479		528,106		485,130
Other	520		218		13,610		700
Total	274,564		250,697		541,716		485,830
Operating Expenses:
Lease operating	33,464		22,864		62,185		46,333
General and administrative	18,320		14,674		37,045		29,843
Exploration	3,319		4,836		14,498		13,290
Dry hole and impairment	6,502		5,027		53,857		7,423
Depreciation, depletion and amortization	67,923		66,210		138,381		129,209
Production and other taxes	14,190		10,009		25,366		17,759
Transportation and other	4,409		4,760		10,248		9,642
Total	148,127		128,380		341,580		253,499
Operating Income	126,437		122,317		200,136		232,331
Interest:
Charges	(13,850	)	(6,627	)	(24,061	)	(16,071	)
Income	1,369		86		2,186		204
Capitalized	2,713		3,468		4,910		8,016
Total Interest Expense	(9,768	)	(3,073	)	(16,965	)	(7,851	)
Loss on Debt Extinguishment	—		(10,893	)	—		(10,893	)
Foreign Currency Transaction Gain (Loss)	(8	)	(1	)	2		(3	)
Income from continuing operations before income taxes	116,661		108,350		183,173		213,584
Income tax expense	42,683		41,270		69,686		79,803
Net Income from continuing operations	73,978		67,080		113,487		133,781
Income (loss) from discontinued operations, net of tax	29,461		(1,891	)	49,188		3,048
Net income	103,439		65,189		162,675		136,829
Basic earnings per share
Income from continuing operations	1.23		1.05		1.83		2.10
Income (loss) from discontinued operations	0.48		(0.03	)	0.80		0.05
Basic earnings per share	1.71		1.02		2.63		2.15
Diluted earnings per share
Income from continuing operations	1.22		1.04		1.82		2.08
Income (loss) from discontinued operations	0.48		(0.03	)	0.78		0.05
Diluted earnings per share	1.70		1.01		2.60		2.13
Weighted Average Number of Common Shares and Potential Common Shares Outstanding:
Basic shares	60,342		63,738		61,925		63,703
Diluted shares	60,909		64,333		62,489		64,273
Discretionary Cash Flow:
Net Income	103,439		65,189		162,675		136,829
(Income) loss from discontinued operations, net of tax	(29,461	)	1,891		(49,188	)	(3,048	)
Depreciation, depletion and amortization	67,923		66,210		138,381		129,209
Deferred Taxes	(2,192	)	8,993		(9,057	)	4,898
Dry Hole and Impairment	6,502		5,027		53,857		7,423
Exploration	3,319		4,836		14,498		13,290
Gains on Property Sales	—		(37	)	(250	)	(268	)
Capitalized Interest	(2,713	)	(3,468	)	(4,910	)	(8,016	)
Other Noncash	2,849		13,104		6,824		14,858
Net cash provided by continuing operations before changes in assets and liabilities	149,666		161,745		312,830		295,175
Discretionary cash flow of discontinued operations	42,215		38,289		100,211		82,636
Total	191,881		200,034		413,041		377,811

(1) Supplemental Information should be read in conjunction with Pogo’s Quarterly Earnings Release.

(2) Results from continuing operations exclude activities from Thailand and Hungary.