POGO PRODUCING COMPANY EXHIBIT 99.2
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SUPPLEMENTAL INFORMATION (UNAUDITED)
QUARTER ENDED
FINANCIAL DATA MARCH 31,
(DATA IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) 2001 2000
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Revenues
Oil & Gas $163,913 $ 97,896
Pipeline sales and other 3,277 3,027
Gain (loss) on property sales 2,672 (5)
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Total 169,862 100,918
Operating Costs/Expenses:
Lease operating 25,827 21,739
G & A 8,208 10,423
Exploration 6,948 3,673
Dry hole and impairment 10,767 5,072
DD&A 37,068 32,046
Natural gas purchases 4,020 3,390
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Total 92,838 76,343
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Operating income 77,024 24,575
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Interest:
Charges (11,304) (8,746)
Income 1,302 293
Capitalized 4,526 5,010
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Total Interest Expense (5,476) (3,443)
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Minority Interest in Subsidiary (2,497) (2,558)
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Foreign Currency Transaction Gain (Loss) (585) (327)
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Income before income taxes 68,466 18,247
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Income tax expense (benefit) 28,520 8,096
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Income before change in accounting principle 39,946 10,151
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Cum. effect of change in accounting principle 0 (1,768)
NET INCOME $ 39,946 $ 8,383
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BASIC EARNINGS PER SHARE: $0.93 $0.21
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DILUTED EARNINGS PER SHARE: $0.80 $0.21
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AVERAGE SHARES OUTSTANDING
Basic shares 43,145 40,291
Diluted shares 53,122 47,200
DISCRETIONARY CASH FLOW:
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Net Income $ 39,946 $ 8,383
Foreign Currency Transaction loss (gain) 585 327
Change in accounting principle 0 1,768
DD&A 37,068 32,046
Deferred Taxes 20,622 8,095
Other 720 0
Dry hole and impairment 10,767 5,072
Exploration 6,948 3,673
(Gains) losses on property sales (2,672) 5
Capitalized Interest (4,526) (5,010)
Undistributed Equity in Minority Owned Subsidiary 2,497 2,558
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TOTAL $111,955 $ 56,917
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PER SHARE BASIC $2.59 $1.41
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PER SHARE DILUTED $2.11 $1.21
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POGO PRODUCING COMPANY EXHIBIT 99.2
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SUPPLEMENTAL INFORMATION (UNAUDITED)
QUARTER ENDED
MARCH 31,
2001 2000
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Operating Data
Net Natural Gas Sales (Mcf/day)
North America 125,333 117,637
Thailand 57,367 58,428
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Total Natural Gas 182,700 176,065
Gas Price ($/Mcf)
North America $7.02 $2.76
Thailand $2.45 $1.97
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Average Gas Price $5.59 $2.50
Net Liquids Production (Bbl/day)
Crude & Condensate
North America 13,912 13,348
Thailand 13,922 11,363
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Total Crude & Condensate 27,834 24,711
Plant Products 704 1,930
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Total Liquids 28,538 26,641
Net Liquids Sales (Bbl/day)*
Crude & Condensate
North America 13,912 13,351
Thailand 15,548 9,560
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Total Crude & Condensate 29,460 22,911
Plant products 704 1,930
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Total Liquids 30,164 24,841
Average Prices ($/Bbl)*
Crude & Condensate
North America $28.02 $25.72
Thailand $25.22 $26.64
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Average Crude & Condensate Price $26.54 $26.11
Plant Products $26.39 $19.59
* Sales Volumes & Price Used in Financial Statements
Selected Balance Sheet Data
($ in 000's)
Total Assets $2,254,294 $944,883
Long-term Debt 696,000 375,000
Trust Preferred 144,943 144,793
Shareholders' Equity 762,427 277,661
Working Capital 63,544 28,025