Exhibit 99.2
Pogo Producing Company
Supplemental Information (Unaudited) (1)
|
| Quarter Ended |
| ||||
Financial Data |
| March 31 |
| ||||
(Data in $ thousands, except per share amounts) |
| 2007 |
| 2006 |
| ||
Revenues: |
|
|
|
|
| ||
Oil and gas |
| $ | 321,210 |
| $ | 354,467 |
|
Gain (loss) on property sales |
| 2,311 |
| (23 | ) | ||
Other |
| 27,885 |
| 19,094 |
| ||
Total |
| 351,406 |
| 373,538 |
| ||
|
|
|
|
|
| ||
Operating Expenses: |
|
|
|
|
| ||
Lease operating |
| 67,495 |
| 57,147 |
| ||
General and administrative |
| 34,711 |
| 28,650 |
| ||
Exploration |
| 9,578 |
| 2,686 |
| ||
Dry hole and impairment |
| 71,749 |
| 25,634 |
| ||
Depreciation, depletion and amortization |
| 133,877 |
| 110,136 |
| ||
Production and other taxes |
| 20,041 |
| 13,507 |
| ||
Natural gas purchases |
| 24,834 |
| 17,860 |
| ||
Other |
| 7,535 |
| 7,621 |
| ||
Total |
| 369,820 |
| 263,241 |
| ||
|
|
|
|
|
| ||
Operating Income (Loss) |
| (18,414 | ) | 110,297 |
| ||
|
|
|
|
|
| ||
Interest: |
|
|
|
|
| ||
Charges |
| (42,973 | ) | (28,324 | ) | ||
Income |
| 456 |
| 474 |
| ||
Capitalized |
| 19,405 |
| 16,178 |
| ||
Total Interest Expense |
| (23,112 | ) | (11,672 | ) | ||
|
|
|
|
|
| ||
Loss on Debt Extinguishment |
| - |
| - |
| ||
|
|
|
|
|
| ||
Commodity Derivative Income (Expense) |
| (3,106 | ) | 3,313 |
| ||
|
|
|
|
|
| ||
Foreign Currency Transaction Gain (Loss) |
| 861 |
| (204 | ) | ||
|
|
|
|
|
| ||
Income (Loss) From Operations Before Income Taxes |
| (43,771 | ) | 101,734 |
| ||
|
|
|
|
|
| ||
Income Tax Expense (Benefit) |
| (22,576 | ) | 34,263 |
| ||
|
|
|
|
|
| ||
Net income |
| $ | (21,195 | ) | $ | 67,471 |
|
|
|
|
|
|
| ||
|
|
|
|
|
| ||
Basic earnings (loss) per share |
| $ | (0.37 | ) | $ | 1.18 |
|
|
|
|
|
|
| ||
|
|
|
|
|
| ||
Diluted earnings (loss) per share |
| $ | (0.37 | ) | $ | 1.16 |
|
|
|
|
|
|
| ||
Weighted Average Number of Common Shares and Potential Common Shares Outstanding: |
|
|
|
|
| ||
Basic shares |
| 57,701 |
| 57,334 |
| ||
Diluted shares |
| 57,701 |
| 57,953 |
| ||
|
|
|
|
|
| ||
Discretionary Cash Flow: |
|
|
|
|
| ||
Net Income (loss) |
| $ | (21,195 | ) | $ | 67,471 |
|
Depreciation, depletion and amortization |
| 133,877 |
| 110,136 |
| ||
Deferred taxes |
| (26,049 | ) | 1,042 |
| ||
Dry hole and impairment |
| 71,749 |
| 25,634 |
| ||
Exploration |
| 9,578 |
| 2,686 |
| ||
(Gain) loss on property sales |
| (2,311 | ) | 23 |
| ||
Other noncash |
| (2,075 | ) | (14,731 | ) | ||
Discretionary cash flow from operations before changes in assets and liabilities |
| 163,574 |
| 192,261 |
| ||
|
|
|
|
|
| ||
Total |
| $ | 163,574 |
| $ | 192,261 |
|
(1) Supplemental Information should be read in conjunction with Pogo's Quarterly Earnings Release