Exhibit 99.2

Pogo Producing Company

Supplemental Information (Unaudited)*

			Quarter Ended June 30,				Six Months Ended June 30,
Financial Data (Data in $ thousands, except per share amounts)
			2003		2002		2003		2002
Revenues:
	Oil and Gas		295,530		185,241		605,397		327,538
	Other		69		(856	)	956		(243	)
		Total	295,599		184,385		606,353		327,295
Operating Expenses:
	Lease Operating		31,484		29,656		64,573		58,128
	General & Administrative		15,054		10,828		28,426		22,370
	Exploration		1,827		1,352		3,659		1,176
	Dry hole and impairment		3,920		3,500		6,098		8,495
	Depreciation, depletion and amortization		84,347		73,942		164,766		139,748
	Production and other taxes		10,231		4,929		19,185		7,740
	Accretion and other		4,820		—		7,896		181
		Total	151,683		124,207		294,603		237,838
Operating Income			143,916		60,178		311,750		89,457
Interest:
	Charges		(12,984	)	(14,500	)	(26,679	)	(29,088	)
	Income		547		534		934		912
	Capitalized		4,117		6,859		8,131		13,512
		Total Interest Expense	(8,320	)	(7,107	)	(17,614	)	(14,664	)
Minority Interest in Subsidiary			—		(1,638	)	—		(4,140	)
Foreign Currency Transaction Gain (Loss)			336		659		562		1,331
Income Before Income Taxes			135,932		52,092		294,698		71,984
Income Tax Expense (Benefit)			56,213		23,474		122,336		34,341
Income Before Change in Accounting Principle			79,719		28,618		172,362		37,643
Change in accounting principle			—		—		(4,166	)	—
Net Income			79,719		28,618		168,196		37,643
Basic earnings per share
	Before change in accounting principle		1.29		0.51		2.80		0.68
	Change in accounting principle		—		—		(0.07	)	—
	Basic earnings per share		1.29		0.51		2.73		0.68
Diluted earnings per share
	Before change in accounting principle		1.24		0.48		2.67		0.66
	Change in accounting principle		—		—		(0.06	)	—
	Diluted earnings per share		1.24		0.48		2.61		0.66
Weighted Average Number of Common Shares and Potential Common Shares Outstanding:
	Basic shares		61,961		56,192		61,559		54,972
	Diluted shares		65,376		64,340		65,252		61,210
Discretionary Cash Flow:
	Net Income		79,719		28,618		168,196		37,643
	Accretion and other		3,182		(659	)	7,283		(1,331	)
	Change in accounting principle		—		—		4,166		—
	Depreciation, depletion and amortization		84,347		73,942		164,766		139,748
	Deferred Taxes		(9,732	)	8,065		7,269		15,611
	Dry Hole and Impairment		3,920		3,500		6,098		8,495
	Exploration		1,827		1,352		3,659		1,176
	(Gains) Losses on Property Sales		28		41		90		303
	Capitalized Interest		(4,117	)	(6,859	)	(8,131	)	(13,512	)
	Undistributed Equity in Minority Owned Subsidiary		—		1,638		—		4,140
	Other Noncash		1,387		5,023		2,506		7,685
		Total	160,561		114,661		355,902		199,958

*

Supplemental Information should be read in conjunction with Pogo's Quarterly Earnings Release