Correcting Financial Table in Tri-Union Development Release Issued Aug. 22.Business/Energy Editors CORRECTION CORRECTION,punishment. Chastisement by one having authority of a person who has committed some offence, for the purpose of bringing him to legal subjection. 2. It is chiefly exercised in a parental manner, by parents, or those who are placed in loco parentis. ...by Tri-Union Development Corporation --(BUSINESS WIRE) In BW2487-8/22, (TX-TRI-UNION-DEVELOPMENT) reports Second Quarter Results released Aug. 22, Realized Prices and Revenues in table headed Operating & Financial Results for Second Quarter 2001 by Region should read xxx:
Realized Prices
Natural Gas ($/Mcf) 8.00 4.77 4.29 5.70
Crude Oil ($/Bbl) 18.55 28.02 20.42 27.58
Revenues (dollars in
thousands)
Natural Gas 5,983 4,276 2,656 12,915
Crude Oil 71 8,975 298 9,344
------- ------- ------- -------
Total 6,054 13,251 2,954 22,259
sted:
Realized Prices
Natural Gas ($/Mcf) 8.40 5.01 4.51 5.70
Crude Oil ($/Bbl) 17.16 26.01 20.42 27.58
Revenues (dollars in
thousands)
Natural Gas 6,285 4,496 2,793 12,915
Crude Oil 66 8,332 298 9,344
------- ------- ------- -------
Total 6,351 12,828 3,091 22,259
Corrected table is as follows:
Operating & Financial Results for Second Quarter 2001 by Region
Onshore Offshore
California Gulf Coast Gulf Coast Total
---------- ---------- ---------- -------
Net Production
Natural Gas (MMcf) 748 897 619 2,264
Crude Oil (MBbls) 4 320 15 339
Gas Equivalent (MMcfe) 771 2,819 706 4,296
Realized Prices
Natural Gas ($/Mcf) 8.00 4.77 4.29 5.70
Crude Oil ($/Bbl) 18.55 28.02 20.42 27.58
Revenues (dollars in
thousands)
Natural Gas 5,983 4,276 2,656 12,915
Crude Oil 71 8,975 298 9,344
------- ------- ------- -------
Total 6,054 13,251 2,954 22,259
Expenses (dollars in
thousands)
Lease Operating Expense 447 2,647 1,934 5,028
Production Taxes 0 565 8 573
Workover 16 1,434 270 1,719
------- ------- ------- -------
Total 463 4,646 2,212 7,320
------- ------- ------- -------
Cash Flow (dollars in
thousands) 5,888 8,183 879 14,939
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