Pogo reaches record high production, revenues during 2001

Pogo Producing Co. reached some company milestones during 2001—its 32nd year in business. The company last year produced 31,707 b/d of oil and 238 MMcfd of natural gas, both record highs for the Houston-based independent. It also achieved the company's highest revenues and discretionary cash flow ever, Paul G. Van Wagenen, chairman, president, and CEO, told OGJ.As of midyear 2002, production continued to grow, up 33% from the year before, he said. But unlike 2001, this growth was achieved through the drillbit, as Pogo has not made any acquisitions so far this year. The company's last large acquisition was initiated in late 2000, when Pogo merged with privately held North Cen...

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