SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
August 21, 2002
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(Date of Report - Date of earliest event reported)
KERR-McGEE CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-16619 73-1612389
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(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
Kerr-McGee Center
Oklahoma City, Oklahoma 73125
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(Address of principal executive offices) (Zip Code)
(405) 270-1313
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(Registrant's telephone number)
Item 9. Regulation FD Disclosure
On August 21, 2002, Kerr-McGee Corporation held a conference call
to discuss its interim third-quarter 2002 financial and operating
activities and expectations for the future. During the conference call,
the company discussed certain expectations for oil and natural gas
production volumes for the year 2002. A table providing the projection
ranges of 2002 average daily oil and natural gas production is
furnished below.
Kerr-McGee Corp.
Projected Daily Average Production Volumes **
As of August 2002
2002 Production Forecast
--------------------------------------------------------------------------------------------------------
1-Qtr-Actual 2-Qtr-Actual 3-Qtr 4-Qtr Year
------------------ ------------------- ------------------- ------------------- -----------------
Crude Oil
(BOPD)
Onshore 29,100 - 29,100 29,400 - 29,400 27,500 - 29,000 26,500 - 28,500 28,100 - 29,000
Offshore 53,300 - 53,300 54,300 - 54,300 53,500 - 55,000 66,000 - 68,500 56,800 - 57,800
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
U.S. 82,400 - 82,400 83,700 - 83,700 81,000 - 84,000 92,500 - 97,000 84,900 - 86,800
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
North Sea 113,600 - 113,600 97,000 - 97,000 95,000 - 100,000 77,000 - 87,000 95,500 - 99,300
------- ------- ------ ------ ------ ------- ------ ------ ------ ------
Other International 8,800 - 8,800 8,500 - 8,500 8,000 - 8,500 8,000 - 8,500 8,300 - 8,600
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Total 204,800 - 204,800 189,200 - 189,200 184,000 - 192,500 177,500 - 192,500 188,700 - 194,700
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Natural Gas
(MMCF/D) 1-Qtr-Actual 2-Qtr-Actual 3-Qtr 4-Qtr Year
------------------ --------------------- --------------------- --------------------- --------------------
Onshore 383 - 383 379 - 379 380 - 400 380 - 395 380 - 389
Offshore 244 - 244 253 - 253 295 - 315 285 - 315 269 - 282
--- --- --- --- --- --- --- --- --- ---
U.S. 627 - 627 632 - 632 675 - 715 665 - 710 649 - 671
--- --- --- --- --- --- --- --- --- ---
North Sea 101 - 101 99 - 99 105 - 125 110 - 125 104 - 113
--- --- --- --- --- --- --- --- --- ---
Other International 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0
--- --- --- --- --- --- --- --- --- ---
Total 728 - 728 731 - 731 780 - 840 775 - 835 753 - 784
=== === === === === === === === === ===
BOE/D 326,100 -326,100 311,000 - 311,000 314,000 - 332,500 306,700 - 331,700 314,200 - 325,400
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Note:
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Projections based upon the capital program of $1 billion as revised on
July 24, 2002.
Excludes results of operations from Kazakhstan and Indonesia which have
been reclassified as discontinued operations.
Volumes associated with the announced sale of the Northern North Sea
properties are included through the third quarter of 2002. Volumes
associated with all other properties that are held for sale are
included in projected volumes through year end. Projected volumes will
be adjusted as the sales are consummated.
** Cautionary Statement Concerning Forward-Looking Statements
The information contained in this table regarding Kerr-McGee's
projected production volume forecasts are only estimated projections
that may or may not occur in the future, and constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Future results and
developments set forth in this statement may be affected by numerous
uncertainties, factors and risks, such as of 1995. Future results and
developments set forth in this statement may be affected by numerous
uncertainties, factors and risks, such as program, drilling risks,
market value of oil and gas, uncertainties in interpreting engineering
data, general economic conditions and other factors and risks discussed
in Kerr-McGee's SEC filings. Actual results and developments may differ
materially from those expressed or implied in this statement.
Therefore, the information contained in this statement may not be
accurate. Kerr-McGee does not undertake to update, revise or correct
any of the forward-looking information.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KERR-MCGEE CORPORATION
By: (John M. Rauh)
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John M. Rauh
Vice President and Controller
Dated: August 23, 2002