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
December 19, 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 December 19, 2002, Kerr-McGee Corporation will hold a
conference call to discuss its fourth-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 December 2002
2002 Production Forecast
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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 25,500 - 26,000 28,500 - 28,600
Offshore 53,300 - 53,300 54,300 - 54,300 50,500 - 50,500 51,000 - 52,000 52,300 - 52,500
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
U.S. 82,400 - 82,400 83,700 - 83,700 80,600 - 80,600 76,500 - 78,000 80,800 - 81,100
------- ------- ------- ------- ------- ------- ------- ------- ------ -------
North Sea 113,600 - 113,600 97,000 - 97,000 104,300 - 104,300 91,000 - 96,000 101,400 - 102,700
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Other International 8,800 - 8,800 8,500 - 8,500 8,000 - 8,000 3,000 - 3,500 7,100 - 7,200
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Total 204,800 - 204,800 189,200 - 189,200 192,900 - 192,900 170,500 - 177,500 189,300 - 191,000
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Natural Gas
(MMCF/D) 1-Qtr-A 2-Qtr 3-Qtr 4-Qtr Year
----------------- ------------------ ------------------ ------------------ ------------------
Onshore 383 - 383 379 - 379 389 - 389 385 - 395 384 - 387
Offshore 244 - 244 253 - 253 305 - 305 285 - 295 272 - 274
--- --- --- --- --- --- --- --- --- ---
U.S. 627 - 627 632 - 632 694 - 694 670 - 690 656 - 661
--- --- --- --- --- --- --- --- --- ---
North Sea 101 - 101 99 - 99 95 - 95 105 - 115 100 - 103
--- --- --- --- --- --- --- --- --- ---
Other International 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0
--- - --- --- --- --- --- --- --- ---
Total 728 - 728 731 - 731 789 - 789 775 - 805 756 764
=== === === === === === === === === ===
BOE/D 326,100 - 326,100 311,000 - 311,000 324,400 - 324,400 299,700 - 311,700 315,300 - 318,300
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
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 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. U.S. Onshore
volumes reflect the sale of properties to Aethon as December 6, 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: December 19, 2002