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
September 24, 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 September 24, 2002, Kerr-McGee Corporation will hold a
conference call to discuss its third-quarter 2002 financial and
operating results and expectations for the future. During the
conference call, the company will discuss 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 September 2002
2002 Production Forecast
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1-Qtr-A 2-Qtr 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 60,000 - 62,500 55,300 - 56,300
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
U.S. 82,400 - 82,400 83,700 - 83,700 81,000 - 84,000 86,500 - 91,000 83,400 - 85,300
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
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 7,000 - 7,500 2,500 - 3,000 6,700 - 6,900
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Total 204,800 - 204,800 189,200 - 189,200 183,000 - 191,500 166,000 - 181,000 185,600 - 191,500
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Natural Gas
(MMCF/D) 1-Qtr-A 2-Qtr 3-Qtr 4-Qtr Year
------------------- --------------------- --------------------- --------------------- -------------------
Onshore 383 - 383 379 - 379 380 - 400 380 - 395 380 - 389
Offshore 244 - 244 253 - 253 295 - 315 300 - 330 273 - 286
--- --- --- --- --- --- --- --- --- ---
U.S. 627 - 627 632 - 632 675 - 715 680 - 725 653 - 675
--- --- --- --- --- --- --- --- --- ---
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 - 840 790 - 850 757 - 788
=== === === === === === === === === ===
BOE/D 326,100 -326,100 311,000 - 311,000 313,000 - 331,500 297,700 - 322,700 311,800 322,800
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
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 Northern North Sea properties are included
through the third quarter of 2002. Volumes associated with the sale of
operations in Ecuador are included through the closing date of Sept.
10, 2002. 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 consumated.
** 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 but not limited to the
accuracy of the assumptions that underlie the statement, the success of
the oil and gas exploration and production 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: September 24, 2002