PXP Producing (PPP) 8-K Latigo Acquisition, Gulf of Mexico Disposition

Exhibit 99.2

Pogo Producing Company

Supplemental Information (Unaudited) (1) (2)

	Quarter Ended
Financial Data	March 31,
(Data in $ thousands, except per share amounts)	2006			2005
Revenues:
Oil and gas	$	354,467		$	254,062
Other	19,071			1,684
Total	373,538			255,746
Operating Expenses:
Lease operating	57,147			28,721
General and administrative	28,650			18,725
Exploration	2,686			11,179
Dry hole and impairment	25,634			47,355
Depreciation, depletion and amortization	110,136			70,458
Production and other taxes	13,507			11,176
Transportation and other	25,481			(5,567		)
Total	263,241			182,047
Operating Income	110,297			73,699
Interest:
Charges	(28,324		)	(10,211		)
Income	474			817
Capitalized	16,178			2,197
Total Interest Expense	(11,672		)	(7,197		)
Loss on Debt Extinguishment	—			—
Commodity Derivative Expense	3,313			—
Foreign Currency Transaction Gain (Loss)	(204		)	10
Income from continuing operations before income taxes	101,734			66,512
Income tax expense	34,263			27,003
Net Income from continuing operations	67,471			39,509
Income (loss) from discontinued operations, net of tax	—			19,727
Net income	$	67,471		$	59,236
Basic earnings per share
Income from continuing operations	$	1.18		$	0.62
Income (loss) from discontinued operations	—			0.31
Basic earnings per share	$	1.18		$	0.93
Diluted earnings per share
Income from continuing operations	$	1.16		$	0.62
Income (loss) from discontinued operations	—			0.31
Diluted earnings per share	$	1.16		$	0.93
Weighted Average Number of Common Shares and Potential Common Shares Outstanding:
Basic shares	57,334			63,506
Diluted shares	57,953			64,067
Discretionary Cash Flow:
Net Income	$	67,471		$	59,236
(Income) loss from discontinued operations, net of tax	—			(19,727		)
Depreciation, depletion and amortization	110,136			70,458
Deferred Taxes	1,042			(6,865		)
Dry Hole and Impairment	25,634			47,355
Exploration	2,686			11,285
Gains on Property Sales	23			(250		)
Capitalized Interest	(16,178		)	(2,197		)
Other Noncash	1,447			(788		)
Net cash provided by continuing operations before changes in assets and liabilities	192,261			158,507
Discretionary cash flow of discontinued operations	—			57,890
Total	$	192,261		$	216,397

(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.