Harbinger Group Inc.
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SEC Filings

POS AM
HRG GROUP, INC. filed this Form POS AM on 02/22/1994
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<PAGE>
    
     Production and Sales.  The following table sets forth the Company's
production of oil and gas, net of all royalties, overriding royalties and other
outstanding interests, for the three years ended September 30, 1993, 1992 and
1991.  Natural gas production refers only to marketable production of gas on an
"as sold" basis.     


<TABLE>
<CAPTION>
 
                                            UNITED STATES        BOLIVIA
                                          -----------------  ----------------
                                            GAS    LIQUIDS    GAS    LIQUIDS
                                          (MMCF)    (MBBL)   (MMCF)   (MBBL)
                                          -------  --------  ------  --------
<S>                                       <C>      <C>       <C>     <C>
PRODUCTION VOLUMES FOR THE YEAR ENDED:
   September 30, 1993...................   7,067      47.1   1,665      55.3
   September 30, 1992...................  10,197      58.6   1,682      54.3
   September 30, 1991...................   8,651      40.2   1,659      57.2
</TABLE>

    
     The following table shows the average sales prices received by the Company
for its production for the three years ended September 30, 1993, 1992 and 
1991:     


<TABLE>
<CAPTION>
 
                                             UNITED STATES        BOLIVIA
                                            ----------------  ----------------
                                             GAS    LIQUIDS    GAS    LIQUIDS
                                            (MMCF)   (MBBL)   (MMCF)   (MBBL)
                                            ------  --------  ------  --------
<S>                                         <C>     <C>       <C>     <C>
AVERAGE SALES PRICES FOR THE YEAR ENDED:
   September 30, 1993.....................  $2.32    $16.53   $1.15    $17.41
   September 30, 1992.....................   1.82     18.45    1.70     17.00
   September 30, 1991.....................   1.99     23.47    3.18     23.83
</TABLE>

    
     The following table shows the average production (lifting) costs per unit
of production of liquids and gas based on equivalent Mcf for the three years
ended September 30, 1993, 1992 and 1991:     


<TABLE>
<CAPTION>
 
AVERAGE PRODUCTION COSTS FOR THE YEAR ENDED:    UNITED STATES  BOLIVIA
- ----------------------------------------------  -------------  -------
<S>                                             <C>            <C>
   September 30, 1993.........................            .77      .05
   September 30, 1992.........................            .75      .03
   September 30, 1991.........................            .88      .04
</TABLE>

    
     Production (lifting) costs are costs incurred to operate and maintain wells
and related equipment and facilities.  They do not include depreciation,
depletion and amortization of capitalized acquisition, exploration and
development costs, exploration expenses, general and administrative expenses,
interest expense or income tax.  Production costs for fiscal 1992 and 1991
include the effects of $3.0 million and $2.4 million, respectively, in workover
expense incurred as a part of the Wisdom gas field workover and recompletion
program completed in May 1992.  Differences between sales prices and production
(lifting) costs do not represent profit.     
    
     Productive Wells and Acreage.  On September 30, 1993, the Company's U.S.
oil and gas properties consisted of working interests in 40 gross oil and gas
wells (17 net wells) capable of production, of which the Company operated 15.
The following table shows the number of producing wells and wells capable of
production as of September 30, 1993:     


<TABLE>
<CAPTION>
 
                                 UNITED STATES   BOLIVIA
                                 -------------  ---------
PRODUCTIVE OIL AND GAS WELLS:     OIL    GAS    OIL  GAS
- -------------------------------  -----  ------  ---  ----
<S>                              <C>    <C>     <C>  <C>
   Gross.......................      3      37    0    16
   Net.........................      1   15.75    0  4.10
</TABLE>

    
One or more completions in the same bore hole are counted as one well.  Fourteen
gross (6.61 net) gas wells in the United States and 12 gross (3.00 net) gas
wells in Bolivia are dual completions.  A "gross well" is a well in which the
Company owns a working interest.  A "net well" is deemed to exist when the sum
of the fractional working interests owned by the Company in gross wells equals
one.     

                                       14

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