SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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) May 3, 2002
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BELDEN & BLAKE CORPORATION
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(Exact name of registrant as specified in its charter)
Ohio 0-20100 34-1686642
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(State or other (Commission File Number) (IRS Employer
jurisdiction of incorporation) Identification No.)
5200 Stoneham Road, North Canton, Ohio 44720
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(Address of principal executive offices) (Zip Code)
(330) 499-1660
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Registrant's telephone number, including area code
ITEM 9. REGULATION FD DISCLOSURE
Belden & Blake Corporation ("Belden & Blake" or the "Company") is
furnishing the following information under Item 9 of this Current Report on Form
8-K.
The information in this report is furnished pursuant to Item 9 and
shall not be deemed to be "filed" for purposes of Section 18 of the Securities
Exchange Act of 1934 or otherwise subject to the liabilities of that section,
except if the Company specifically states that the information is to be
considered "filed" under the Securities Exchange Act of 1934 or incorporates it
by reference into a filing under the Securities Act of 1933 or the Securities
Exchange Act of 1934. This report will not be deemed an admission as to the
materiality of any information in the report that is required to be disclosed
solely by Regulation FD.
The information in this document includes forward-looking statements
that are made pursuant to Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995. Statements preceded by, followed by or that
otherwise include the statements "should," "believe," "expect," "anticipate,"
"intend," "will," "continue," "estimate," "plan," "outlook," "may," "future,"
"projection," variations of these statements and similar expressions are
forward-looking statements. These forward-looking statements are based on
current expectations and projections about future events. Forward-looking
statements, and the business prospects of Belden & Blake are subject to a number
of risks and uncertainties which may cause the Company's actual results in
future periods to differ materially from the forward-looking statements
contained herein. These risks and uncertainties include, but are not limited to,
the Company's access to capital, the market demand for and prices of oil and
natural gas, the Company's oil and gas production and costs of operation,
results of the Company's future drilling activities, the uncertainties of
reserve estimates, general economic conditions, new legislation or regulatory
changes, changes in accounting principles, policies or guidelines and
environmental risks. These and other risks are described in the Company's 10-K
and 10-Q reports and other filings with the Securities and Exchange Commission
("SEC").
OPERATIONAL OUTLOOK FOR 2002
The following table includes estimates given as of May 3, 2002, that
are based on current expectations and currently available information. These
forward-looking statements are subject to a number of risks and uncertainties
which may cause the Company's actual results to differ materially from the
following estimates. The preceding section addresses certain of the risks and
uncertainties to which the Company is subject.
ESTIMATED
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QUARTER ENDING YEAR ENDING
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MARCH 31, 2002 JUNE 30, 2002 DECEMBER 31, 2002
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(UNAUDITED, DOLLARS IN MILLIONS, EXCEPT AS NOTED)
Production
Gas (Mmcf) 4,543 4,400-4,700 18,100-18,900
Oil (Mbbls) 148 138-153 532-572
Total production (Mmcfe) 5,431 5,228-5,618 21,292-22,332
Production expense per Mcfe $ 0.95 $ 1.00-1.05 $ 0.95-1.00
Production taxes per Mcfe 0.09 0.08-0.10 0.08-0.10
Exploration expense excluding
exploratory dry hole expense $ 2.1 $ 2.5-3.1 $ 9.0-10.0
General and administrative expense 1.2 1.1-1.3 4.6-4.9
Gas gathering, marketing and
oilfield services margin 1.6 0.7-1.3 4.4-5.0
Signatures
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.
Date: May 6, 2002 BELDEN & BLAKE CORPORATION
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By: /s/ Robert W. Peshek
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Robert W. Peshek, Vice President
and Chief Financial Officer