EXHIBIT 99.4
SUPPLEMENTARY OIL AND GAS INFORMATION (Unaudited)
Estimated Net Quantities of Proved Developed and Undeveloped Oil and Gas
Reserves
Proved reserves are estimated quantities of crude oil and natural gas
which geological and engineering data demonstrate with reasonable certainty
to be recoverable in future years from known reservoirs under existing
economic and operating conditions. Proved developed reserves are proved
reserves that can be expected to be recovered through existing wells with
existing equipment and operating methods.
The following table presents the estimated net proved developed oil and
gas reserves, estimated by the Company, attributable to the properties at
January 1, 1995. These properties are located within the United States.
Proved Developed Reserves
Crude Oil, Condensate and
Natural Gas Liquids
(Barrels) 994,365
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Natural Gas
(Thousands of Cubic Feet) (MCF) 6,489,229
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Production volumes for prior periods were added back to the above
referenced reserve amounts to arrive at reserve totals at December 31, 1993,
and 1992, respectively. There were no "new discovery" quantities considered
for the referenced disclosure.
Oil Gas
(Barrels) (MCF)
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Total as of January 1, 1995 994,365 6,489,229
1994 Production 227,579 1,264,064
Totals as of December 31, 1993 1,221,944 7,753,293
1993 Production 217,924 1,118,965
Totals as of December 31, 1992 1,439,868 8,872,258
Standardized Measure of Discounted Future Net Cash Flows Relating to Proved
Reserves
The following table sets forth the computation of the standardized measure
of discounted future net cash flows relating to proved reserves attributable
to the acquired properties, estimated by the Company as of January 1, 1995.
Future cash inflows represent expected revenues from production of proved
reserves based on January 1, 1995 prices and any fixed and determinable
future escalation provided by contractual arrangements in existence at that
date. Escalation based on inflation and supply and demand are not
considered. Estimated future production and development costs related to
future production of proved reserves are based on January 1, 1995 costs.
Future income tax estimates are included based on tax rates currently in
effect. A discount rate of 10% is applied to the annual future net cash
flows.
The methodology and assumptions used in calculating the standardized
measure are those required by Statement of Financial Accounting Standards No.
69. This data is not intended to be representative of the fair market value
of the properties' proved reserves. The valuation of revenues and costs do
not necessarily reflect the amounts to be received or expended. In addition
to the valuations used, numerous other factors are considered in evaluating
known and prospective oil and gas reserves.
Dollars
in
Thousands
_________
Future cash inflows $ 23,000
Future production costs (10,311)
Future development costs --
Future income tax benefit 473
---------
Future net cash flows 13,162
Discount at 10 percent (3,304)
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Standardized measure of
discounted future net cash
flows from estimated
production of proved oil
and gas reserves after
income taxes $ 9,858
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