| Domain Energy Corporation | |||
| Ticker: | DXD | 1100 Louisiana, Suite 1500 | |
| Exchange: | New York Stock Exchange | Houston, TX 77002 | |
| Industry: | Natural Resources (SIC Code 1311) | (713) 757-5662 | |
| Type of Shares: | Common Shares | Filing Date: | 4/4/97 | |
| U.S. Shares: | 6,000,000 | Offer Date: | 6/23/97 | |
| Non-U.S. Shares: | 0 | Filing Range: | $13.00 - $15.00 | |
| Primary Shares: | 6,000,000 | Offer Price: | $13.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.94 | |
| Offering Amount: | $84,000,000 | Selling: | $0.56 | |
| Expenses: | $1,000,000 | Reallowance: | $0.10 | |
| Shares Out After: | 13,663,695 |
| Manager | Tier | Phone |
| PaineWebber Incorporated | Lead Manager | (212) 713-2626 |
| Morgan Keegan & Company, Incorporated | Co-manager | (901) 529-5357 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Issuer's Law Firm: | Weil, Gotshal & Manges |
| Bank's Law Firm: | Baker & Botts |
| Auditor: | Deloitte & Touche |
| Registrar/Transfer Agent: | ChaseMellon Shareholder Services, L.L.C. |
Dollar amounts in U.S. millions except for per share data | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 12/31/96 | ||||
| Revenue: | $57.32 | Assets: | $137.13 | ||
| Net Income: | $8.20 | Curr Assets: | |||
| EPS: | $1.37 | Liabilities: | $109.55 | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | $38.90 | Equity: | $27.58 | ||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is an independent oil and gas company engaged in the exploration, development, production and acquisition of domestic oil and natural gas properties principally in the Gulf Coast region. The company complements these activities with its Independent Producer Finance Program pursuant to which it invests in oil and natural gas reserves through the acquisition of term overriding royalty interests. The company's future growth will be driven by development, exploitation and exploration drilling on its existing properties, by the continuation of an opportunistic acquisition strategy in the Gulf Coast region and by further expansion of the IPF Program. During the last four years, the company has grown primarily through the opportunistic acquisition of Gulf of Mexico properties and the subsequent development, exploitation and exploration of these properties, resulting in substantial increases in its reserves and production. The company believes that its acquisition costs, lease operating costs and net general and administrative costs on a per Mcfe basis are low relative to other companies operating principally in the Gulf Coast region. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to pay the purchase price of the Funds Acquisition and to repay indebtedness outstanding under the company's existing credit facilities. |