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
January 28, 2003
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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 1-1661 73-1612389
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(State of (Commission File Number) (IRS Employer
Incorporation) 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 January 29 2003, 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 2003. A table providing the projection
ranges of 2003 average daily oil and natural gas production is
furnished below.
Kerr-McGee Corp.
Projected Daily Average Production Volumes
As of January 2003
2003 Production Forecast
------------------------------------------------------------------------------------------------------------
1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
-------------------- --------------------- --------------------- --------------------- ---------------------
Crude Oil
(BOPD)
Onshore 20,500 - 22,000 19,000 - 21,000 18,000 - 20,000 18,000 - 19,500 18,900 - 20,600
Offshore 54,000 - 58,000 52,000 - 57,500 51,000 - 56,000 49,000 - 54,000 51,500 - 56,400
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
U.S. 74,500 - 80,000 71,000 - 78,500 69,000 - 76,000 67,000 - 73,500 70,400 - 77,000
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
North Sea 73,000 - 81,000 63,000 - 70,000 68,000 - 75,500 64,000 - 71,000 67,000 - 74,400
------ ------ ------ ------ ------ ------ ------ ------ ------ ------
Other International 3,000 - 4,000 3,000 - 4,000 3,000 - 4,000 3,000 - 4,000 3,000 - 4,000
----- ----- ----- ----- ----- ----- ----- ----- ----- -----
Total 150,500 - 165,000 137,000 - 152,500 140,000 - 155,500 134,000 - 148,500 140,400 - 155,400
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Natural Gas
(MMCF/D) 1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
-------------------- --------------------- --------------------- --------------------- ---------------------
Onshore 365 - 400 350 - 390 335 - 375 330 - 370 345 - 384
Offshore 265 - 290 250 - 280 245 - 275 245 - 275 251 - 280
--- --- --- --- --- --- --- --- --- ---
U.S. 630 - 690 600 - 670 580 - 650 575 - 645 596 - 664
--- --- --- --- --- --- --- --- --- ---
North Sea 95 - 110 85 - 100 90 - 105 95 - 110 91 - 106
--- --- --- --- --- --- --- --- --- ---
Other International 0 - 0 0 - 0 0 - 0 0 - 0 0 - 0
--- --- --- --- --- --- --- --- --- ---
Total 725 - 800 685 - 770 670 - 755 670 - 755 687 - 770
=== === === === === === === === === ===
BOE/D 271,300 -298,300 251,200 - 280,800 251,700 - 281,300 245,700 - 274,300 254,900 - 283,700
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
** 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: January 28,2003