Exhibit 99.1
Kerr-McGee Corporation
Projected Daily Average Production Volumes
As of August 2004
2004 Production Forecast
--------------------------------------------------------------------------------------------------------------
1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
----------------- ----------------- ----------------- ----------------- -----------------
Actual Actual Projected Projected Projected
Crude Oil
(BOPD)
Onshore 18,800 - 18,800 19,800 - 19,800 35,000 - 37,000 35,000 - 38,000 27,200 - 28,400
Offshore 57,500 - 57,500 57,000 - 57,000 58,000 - 62,000 53,000 - 58,000 56,400 - 58,600
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
U.S. 76,300 - 76,300 76,800 - 76,800 93,000 - 99,000 88,000 - 96,000 83,600 - 87,000
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
North Sea 66,900 - 66,900 63,700 - 63,700 54,000 - 60,000 60,000 - 66,000 61,100 - 64,100
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Other International 0 - 0 0 - 0 9,000 - 11,000 15,000 - 17,000 6,000 - 7,000
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Total 143,200 - 143,200 140,500 - 140,500 156,000 - 170,000 163,000 - 179,000 150,700 - 158,100
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Natural Gas
(MMCF/D) 1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
----------------- ----------------- ----------------- ----------------- -----------------
Onshore 322 - 322 334 - 334 625 - 655 645 - 670 482 - 496
Offshore 328 - 328 314 - 314 395 - 435 450 - 500 372 - 395
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
U.S. 650 - 650 648 - 648 1,020 - 1,090 1,095 - 1,170 854 - 891
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
North Sea 113 - 113 92 - 92 40 - 50 80 - 90 81 - 86
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Other International 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Total 763 - 763 740 - 740 1,060 - 1,140 1,175 - 1,260 935 - 977
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
BOE/D 270,300 - 270,300 263,800 - 263,800 332,700 - 360,000 358,800 - 389,000 306,500 - 320,900
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
- --------------------------------------------------------------------------------
** Cautionary Statement Concerning Forward-Looking Statements **
The information contained in this table regarding Kerr-McGee's projected
production volume forecasts are only estimated projections that may or may not
occur in the future, and constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Future results
and developments set forth in this statement may be affected by numerous
uncertainties, factors and risks, such as but not limited to the accuracy of the
assumptions that underlie the statement, the success of the oil and gas
exploration and production program, drilling risks, market value of oil and gas,
uncertainties in interpreting engineering data, changes in laws and regulations,
the ability to respond to challenges in international markets, political or
economic conditions in areas where Kerr-McGee operates, trade and regulatory
matters, and other factors and risks identified in the Risk Factors section of
Kerr-McGee's Annual Report on Form 10-K and other SEC filings. Actual results
and developments may differ materially from those expressed or implied in this
statement. Therefore, the information contained in this statement may not be
accurate. Kerr-McGee does not undertake to update, revise or correct any of the
forward-looking information.
- --------------------------------------------------------------------------------