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
November 20, 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 November 18, 2002, Kerr-McGee Corporation issued a press
release announcing that it will hold a conference call on
Wednesday, November 20, 2002, at 11:00 a.m. (ET), to discuss its
interim fourth-quarter 2002 operating and financial activities and
expectations for the future. Interested parties may listen to the
call via Kerr-McGee's website at www.kerr-mcgee.com or by calling
888-482-0024, #326972, within the United States or 617-801-9702,
#326972, outside the United States. The press release is attached
hereto as an exhibit and is incorporated by reference herein.
Also, 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.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
99.1 Press Release dated November 18, 2002.
Kerr-McGee Corp.
Projected Daily Average Production Volumes **
As of November 2002
2002 Production Forecast
---------------------------------------------------------------------------------------------------------
1-Qtr-Actual 2-Qtr Actual 3-Qtr Actual 4-Qtr Year
----------------- ------------------ ------------------ ------------------ ------------------
Crude Oil
(BOPD)
Onshore 29,100 - 29,100 29,400 - 29,400 30,100 - 30,100 26,500 - 28,500 28,800 - 29,300
Offshore 53,300 - 53,300 54,300 - 54,300 50,500 - 50,500 54,000 - 56,000 53,000 - 53,500
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
U.S. 82,400 - 82,400 83,700 - 83,700 80,600 - 80,600 80,500 - 84,500 81,800 - 82,800
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
North Sea 113,600 - 113,600 97,000 - 97,000 104,300 - 104,300 80,000 - 87,000 98,600 - 100,400
------- ------- ------ ------ ------- ------- ------ ------ ------ -------
Other 8,800 - 8,800 8,500 - 8,500 8,000 - 8,000 2,500 - 3,000 6,900 - 7,100
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
International
Total 204,800 - 204,800 189,200 - 189,200 192,900 - 192,900 163,000 - 174,500 187,300 - 190,300
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Natural Gas
(MMCF/D) 1-Qtr-A 2-Qtr 3-Qtr 4-Qtr Year
----------------- ------------------ ------------------ ------------------ ------------------
Onshore 383 - 383 379 - 379 389 - 389 380 - 395 383 - 387
Offshore 244 - 244 253 - 253 305 - 305 280 - 300 271 - 276
--- --- --- --- --- --- --- --- --- ---
U.S. 627 - 627 632 - 632 694 - 694 660 - 695 654 - 663
--- --- --- --- --- --- --- --- --- ---
North Sea 101 - 101 99 - 99 95 - 95 110 - 125 101 - 105
--- --- -- --- --- --- --- --- --- ---
Other 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0
--- --- --- --- --- --- --- --- --- ---
International
Total 728 - 728 731 - 731 789 - 789 770 - 820 755 - 768
=== === === === === === === === === ===
BOE/D 326,100 -326,100 311,000 - 311,000 324,400 - 324,400 291,300 - 311,200 313,100 - 318,300
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Note:
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 sale of Northern North Sea properties
and the Ross field are included through October of 2002. North
Sea properties that are operated by others are included through
November 15. Volumes associated with the sale of operations in
Ecuador are included through the closing date of September 12,
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: November 20, 2002