|
|
|
|
2000 FIRST QUARTER REPORT
Consolidated Statements of Income
(Unaudited)
(In Thousands Except Income Per Share)
|
Three Months Ended March 31,
|
|
|
|
2000 |
1999 |
| Revenues: |
|
|
| Oil and gas sales |
$ 37,184 |
$ 21,096 |
| Fees from limited partnerships
and joint ventures |
43 |
42 |
| Interest income |
268 |
14 |
| Other, net |
253 |
336 |
|
------------- |
------------- |
|
37,748 |
21,488 |
|
------------- |
------------- |
| Costs and Expenses: |
|
|
| Oil and gas production |
6,144 |
4,420 |
| General and administrative, net |
1,148 |
1,110 |
| Depreciation, depletion, and
amortization |
11,471 |
10,748 |
| Interest expense, net |
4,066 |
3,304 |
|
------------- |
------------- |
|
22,829 |
19,582 |
|
------------- |
------------- |
| Income Before Income Taxes |
14,919 |
1,906 |
| Provision for Income Taxes |
5,329 |
624 |
|
------------- |
------------- |
| Net Income |
9,590 |
1,282 |
|
------------- |
------------- |
| Per Share Amounts-- |
| Basic |
$ 0.46 |
$ 0.08 |
|
------------- |
------------- |
| Diluted |
$ 0.43 |
$ 0.08 |
|
------------- |
------------- |
| Weighted Average Shares Outstanding |
20,849 |
16,156 |
|
------------- |
------------- |
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|
