Corporate Profile for Hallwood Energy Corp., dated Sept. 24, 1999.--(BUSINESS WIRE)-- The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services. -0-
Published Date: Sept. 24, 1999
Company Name: Hallwood Energy Corp.
Address: 4610 S. Ulster St., Suite 200
Denver, CO 80237
Main Telephone
Number: 303/850-7373
Chief Executive
Officer: Anthony J. Gumbiner
Chief Financial
Officer: Thomas J. Jung
Investor Relations
Contact: Wendy Grant
Business number: 303/850-6581
E-mail address: wendy.grant@haenco.com
Public Relations
Contact: Cathleen M. Osborn
Business number: 303/850-6321
E-mail address: cathleen.osborn@haenco.com
Industry: Oil and natural gas exploration and production
Trading Symbol/
Exchange: NASDAQ: HECO, HECOP
Company description:
Total Revenues (6 months 1999) - $22 million
Total Revenues (1998 proforma) - $69 million
Capital budget - 1999 - $17 million (total year)
Capital budget - 1998 proforma - $79 million
Net income (6 months 1999) - $1.4 million
Net income (1998 proforma) - ($32 million), including
non-cash charges to income of
$34 million for property
impairment
Hallwood Energy Corp. was formed in June June: see month. 1999 by the merger of Hallwood Energy Partners, L.P., and Hallwood Consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: Resources Corp. HEC HEC Hautes Études Commerciales HEC Hautes Etudes Commerciales (French) HEC Higher Education Commission (Pakistan) HEC Hydrologic Engineering Center (Davis, CA) is engaged in the development, exploration, acquisition and production of oil and natural gas properties. The company's properties are primarily located in the Rocky Mountain, Mid-Continent, Greater Permian and Gulf Coast regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . HEC's preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. has a cumulative annual dividend of $1.00. The common stock (HECO HECO Hawaiian Electric Company, Inc. ) began trading on June 9, 1999, range 5 1/8 - 8 3/8. The preferred stock (HECOP) began trading on June 11, 1999, range 7 3/4 - 9 1/8. |
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