Exhibit 99.2

Pogo Producing Company

Supplemental Information (Unaudited) *

Financial Data	Quarter Ended December 31,				Twelve Months December 31,
(Data in $ thousands, except per share amounts)	2003		2002		2003		2002
Revenues:
Oil and Gas	272,197		217,320		1,159,544		750,401
Other	648		807		2,452		4,453
Total	272,845		218,127		1,161,996		754,854
Operating Expenses:
Lease Operating	31,287		30,095		123,098		112,663
General & Administrative	15,929		12,675		61,291		49,490
Exploration	2,456		1,099		7,547		4,783
Dry hole and impairment	24,436		10,325		35,102		26,999
Depreciation, depletion and amortization	81,366		74,101		325,820		287,809
Production and other taxes	8,216		7,064		35,485		20,058
Transportation and other	4,922		3,647		31,817		12,879
Total	168,612		139,006		620,160		514,681
Operating Income	104,233		79,121		541,836		240,173
Interest:
Charges	(9,426	)	(13,998	)	(46,360	)	(57,450	)
Income	472		444		1,852		1,760
Capitalized	4,154		4,588		16,531		24,033
Total Interest Expense	(4,800	)	(8,966	)	(27,977	)	(31,657	)
Minority Interest in Subsidiary	—		—		—		(4,140	)
Foreign Currency Transaction Gain (Loss)	221		(438	)	1,370		435
Income Before Income Taxes	99,654		69,717		515,229		204,811
Income Tax Expense (Benefit)	44,569		31,966		220,122		97,780
Income Before Change in Accounting Principle	55,085		37,751		295,107		107,031
Change in accounting principle	—		—		(4,166	)	—
Net Income	55,085		37,751		290,941		107,031
Basic earnings per share
Before change in accounting principle	0.87		0.62		4.72		1.85
Change in accounting principle	—		—		(0.07	)	—
Basic earnings per share	0.87		0.62		4.65		1.85
Diluted earnings per share
Before change in accounting principle	0.86		0.60		4.60		1.77
Change in accounting principle	—		—		(0.06	)	—
Diluted earnings per share	0.86		0.60		4.54		1.77
Weighted Average Number of Common Shares and Potential Common Shares Outstanding:
Basic shares	63,607		60,966		62,538		57,963
Diluted shares	64,013		64,920		64,612		64,321
Discretionary Cash Flow:
Net Income	55,085		37,751		290,941		107,031
Change in accounting principle	—		—		4,166		—
Depreciation, depletion and amortization	81,366		74,101		325,820		287,809
Deferred Taxes	18,857		10,912		51,818		70,929
Dry Hole and Impairment	24,436		10,325		35,102		26,999
Exploration	2,456		1,099		7,547		4,783
(Gains) Losses on Property Sales	(473	)	66		(386	)	(3,034	)
Capitalized Interest	(4,154	)	(4,588	)	(16,531	)	(24,033	)
Undistributed Equity in Minority Owned Subsidiary	—		—		—		4,140
Other Noncash	8,382		6,174		34,335		18,317
Total	185,955		135,840		732,812		492,941

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