Product Prices Boost Income for Alexander

By Jessica Danker Journal Record Reporter | THE JOURNAL RECORD, August 23, 1996 | Go to article overview

Product Prices Boost Income for Alexander


Jessica Danker Journal Record Reporter, THE JOURNAL RECORD


Higher product prices led to improved results for Alexander Energy Corp.'s second quarter and six-month periods.

The company reported net income of $210,000, or 2 cents per share, for the second quarter ended June 30. That compares with a net loss of $213,000, or 2 cents per share, for the same period in 1995.

Revenues for the quarter totaled $5.4 million, the same as the previous year.

For the first half of the year, Alexander reported net income of $409,000, or 3 cents per share. That compares with a net loss of $654,000, or 5 cents per share, for the same period a year earlier.

Lower production due to the sale of producing properties offset higher product prices and resulted in decreased revenues for the six months.

Revenues for the first half of 1996 declined to $10.5 million from $10.7 million a year ago.

During the second quarter, total production fell 19 percent to 2.168 billion cubic feet of natural gas equivalents. That included a 36.5 percent decline in oil production and a 17 percent drop in natural gas production.

Six month total production was 21 percent less than the same period in 1995. Production fell to 4.352 bcf of natural gas equivalents. Total production consisted of a 39 percent decline in oil production and 21 percent decrease in natural gas production for the period.

Oil and gas sales were up for both periods as oil prices averaged 8 percent higher and natural gas prices were 37 percent higher than a year ago.

Oil and gas sales increased 4 percent to $4.75 million for the quarter and $9.26 million for the first six months of 1996.

The company received an average oil price of $19.87 per barrel for the quarter and $18. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

Product Prices Boost Income for Alexander
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.