EX-99.2 3 a07-11583_1ex99d2.htm EX-99.2

Exhibit 99.2

Pogo Producing Company

Supplemental  Information (Unaudited) (1)

 

 

Quarter Ended

 

Financial Data

 

March 31

 

(Data in $ thousands, except per share amounts)

 

2007

 

2006

 

Revenues:

 

 

 

 

 

Oil and gas

 

$

321,210

 

$

354,467

 

Gain (loss) on property sales

 

2,311

 

(23

)

Other

 

27,885

 

19,094

 

Total

 

351,406

 

373,538

 

 

 

 

 

 

 

Operating Expenses:

 

 

 

 

 

Lease operating

 

67,495

 

57,147

 

General and administrative

 

34,711

 

28,650

 

Exploration

 

9,578

 

2,686

 

Dry hole and impairment

 

71,749

 

25,634

 

Depreciation, depletion and amortization

 

133,877

 

110,136

 

Production and other taxes

 

20,041

 

13,507

 

Natural gas purchases

 

24,834

 

17,860

 

Other

 

7,535

 

7,621

 

Total

 

369,820

 

263,241

 

 

 

 

 

 

 

Operating Income (Loss)

 

(18,414

)

110,297

 

 

 

 

 

 

 

Interest:

 

 

 

 

 

Charges

 

(42,973

)

(28,324

)

Income

 

456

 

474

 

Capitalized

 

19,405

 

16,178

 

Total Interest Expense

 

(23,112

)

(11,672

)

 

 

 

 

 

 

Loss on Debt Extinguishment

 

-

 

-

 

 

 

 

 

 

 

Commodity Derivative Income (Expense)

 

(3,106

)

3,313

 

 

 

 

 

 

 

Foreign Currency Transaction Gain (Loss)

 

861

 

(204

)

 

 

 

 

 

 

Income (Loss) From Operations Before Income Taxes

 

(43,771

)

101,734

 

 

 

 

 

 

 

Income Tax Expense (Benefit)

 

(22,576

)

34,263

 

 

 

 

 

 

 

Net income

 

$

(21,195

)

$

67,471

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share

 

$

(0.37

)

$

1.18

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share

 

$

(0.37

)

$

1.16

 

 

 

 

 

 

 

Weighted Average Number of Common Shares and Potential Common Shares Outstanding:

 

 

 

 

 

Basic shares

 

57,701

 

57,334

 

Diluted shares

 

57,701

 

57,953

 

 

 

 

 

 

 

Discretionary Cash Flow:

 

 

 

 

 

Net Income (loss)

 

$

(21,195

)

$

67,471

 

Depreciation, depletion and amortization

 

133,877

 

110,136

 

Deferred taxes

 

(26,049

)

1,042

 

Dry hole and impairment

 

71,749

 

25,634

 

Exploration

 

9,578

 

2,686

 

(Gain) loss on property sales

 

(2,311

)

23

 

Other noncash

 

(2,075

)

(14,731

)

Discretionary cash flow from operations before changes in assets and liabilities

 

163,574

 

192,261

 

 

 

 

 

 

 

Total

 

$

163,574

 

$

192,261

 


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