11
…1998 Accomplishments
•Acquired Sonat
Properties in South Texas and Louisiana
•Acquired and developed
Fall City Field
•Increased and
consolidated controlling interests in certain properties
•Expanded exploration
program
•Lowered G&A 34%
and operating expense 12% per unit of production
•Reserve growth
–Increased gas reserves
223%
–Increased oil reserves
96%
•Revenue growth 45%
•Production Growth
–Oil 108%
–Gas 103%