SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported):
June 10, 2002
Encore Acquisition Company
(Exact Name of Registrant as Specified in Charter)
Delaware 001-16295 75-2759650
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
777 Main Street
Suite 1400
Fort Worth, Texas 76102
(Address and Zip Code of Principal Executive Offices)
(817) 877-9955
(Registrant's telephone number, including area code)
Item 9. Regulation FD Disclosure.
Encore Acquisition Company ("Encore") has prepared certain updated reserve
estimates and production data that give effect to certain previously announced
acquisitions completed since January 1, 2002. These estimates of pro forma oil
and natural gas reserves at March 31, 2002 have not been reviewed by Miller and
Lents, Ltd., Encore's independent petroleum engineers. The estimates are based
on the December 31, 2001 estimates in the report of Miller and Lents rolled
forward by our internal engineers to give effect to acquisitions, production and
commodity price increases subsequent to December 31, 2001. The estimates do not
take into account any extensions, revisions or discoveries since December 31,
2001.
PRO FORMA PROVED RESERVES -- PRINCIPAL AREAS OF OPERATIONS
<Table>
<Caption>
PROVED RESERVE QUANTITIES AT MARCH 31, 2002 PV-10 AT MARCH 31, 2002(1)
--------------------------------------------- --------------------------
NATURAL
OIL GAS TOTAL AMOUNT
(MBBLS) (MMCF) (MBOE) PERCENT (IN THOUSANDS) PERCENT
---------- -------- --------- --------- -------------- -------
Cedar Creek Anticline........... 103,749 21,965 107,410 78.2% $455,260 68.7%
Crockett County................. 102 38,820 6,572 4.8 54,638 8.3
Lodgepole....................... 1,138 549 1,230 0.9 20,256 3.1
Indian Basin/Verden............. 176 17,205 3,044 2.2 23,295 3.5
Bell Creek...................... 700 -- 700 0.5 4,455 0.7
Central Permian................. 11,746 2,980 12,242 8.9 71,751 10.8
Paradox Basin................... 5,557 3,611 6,158 4.5 32,770 4.9
------- ------ ------- ----- -------- -----
Total...................... 123,168 85,130 137,356 100.0% $662,425 100.0%
======= ====== ======= ===== ======== =====
</Table>
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(1) The PV-10 values are computed based on NYMEX prices of $26.31 per Bbl of
oil and $3.28 per Mcf of natural gas.
We have increased our estimated daily average production for 2002 to 20,000
BOE/D as a result of our $81.0mm capital drilling program and our Central
Permian and Paradox Basin acquisitions.
Statements made in this report may constitute "forward-looking statements" as
defined in Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements are based on assumptions and
estimations that management believes are reasonable given currently available
information. However, the assumptions of management and the future performance
of the Company are both subject to a wide range of business risks and
uncertainties and there is no assurance that these statements and projections
will be met. Actual results could differ materially from those presented in the
forward-looking statements. The Company undertakes no obligation to publicly
update or revise any forward-looking statements. Further information on risk and
uncertainties is available in the Company's filings with the Securities and
Exchange commission, which are incorporated by this reference as though fully
set forth herein.
[Signature Page Follows]
1
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Encore Acquisition Company
Date: June 10, 2002 By: /s/ ROBERT C. REEVES
------------------------------------
Name: Robert C. Reeves
Title: Vice President and Controller