Welcome to the U.S. Energy Information Administration overview of aspects of Kerr-McGee Corporation's acquisition of HS Resources, Inc., which was announced May 14, 2001. Kerr-McGee reportedly will pay $1.3 billion in cash and stock plus assume approximately $0.45 billion of debt. This transaction increases Kerr-McGee's U.S. natural gas production capacity by 80 percent. For further information please call the National Energy Information Center at (202) 586-8800.

Aspects of Kerr-McGee Corp.'s Acquisition of HS Resources , Inc.,

Background

On May 14, 2001, Kerr-McGee Corporation announced it had agreed to acquire HS Resources, Inc., for approximately $1.3 billion in cash and stock plus assume $450 million of debt owed by HS Resources.   The deal almost doubles Kerr-McGee's U.S. natural gas reserves.   Kerr-McGee is primarily engaged in worldwide oil and gas exploration and production and the production and marketing of titanium dioxide pigment.   HS Resources is an independent domestic oil and gas exploration and production company.

The following link provides company-level data from various public sources to inform discussions of the Kerr-McGee-HS Resources merger.   This data presentation is similar to data presentations that have been previously requested from EIA for other significant energy company mergers and/or corporate alliances.

U.S. Oil and Gas Production

Financial Analysis Team, Office of Energy Markets and End Use, Energy Information Administration, May 15, 2001

Contact:
Neal Davis
neal.davis@eia.doe.gov
Fax: (202) 586-9753

OR

National Energy Information Center
Phone: (202) 586-8800

URL: http://www.eia.doe.gov/emeu/finance/mergers/km_hsindex.html

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