Attached files
| file | filename |
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| 8-K/A - FORM 8-K/A - SPIRE ALABAMA INC | d341001d8ka.htm |
Exhibit 99.2
SELECTED BUSINESS SEGMENT DATA (UNAUDITED)
For the 3 months ending March 31, 2012 and 2011
| 1st Quarter | ||||||||||||
| (in thousands, except sales price data) |
2012 | 2011 | Change | |||||||||
| Oil and Gas Operations |
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| Operating revenues |
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| Natural gas |
$ | 75,580 | $ | 95,599 | $ | (20,019 | ) | |||||
| Oil |
124,314 | 103,256 | 21,058 | |||||||||
| Natural gas liquids |
23,712 | 17,533 | 6,179 | |||||||||
| Other |
351 | 404 | (53 | ) | ||||||||
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| Total |
$ | 223,957 | $ | 216,792 | $ | 7,165 | ||||||
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| Production volumes |
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| Natural gas (MMcf) |
19,092 | 17,334 | 1,758 | |||||||||
| Oil (MBbl) |
1,953 | 1,364 | 589 | |||||||||
| Natural gas liquids (MMgal) |
26.0 | 19.7 | 6.3 | |||||||||
| Total production volumes (MMcfe) |
34,530 | 28,338 | 6,192 | |||||||||
| Total production volumes (MBOE) |
5,755 | 4,723 | 1,032 | |||||||||
| Revenue per unit of production including effects of all derivative instruments |
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| Natural gas (Mcf) |
$ | 3.96 | $ | 5.52 | $ | (1.56 | ) | |||||
| Oil (barrel) |
$ | 63.65 | $ | 75.70 | $ | (12.05 | ) | |||||
| Natural gas liquids (gallon) |
$ | 0.91 | $ | 0.89 | $ | 0.02 | ||||||
| Revenue per unit of production including effects of qualifying cash flow hedges |
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| Natural gas (Mcf) |
$ | 3.94 | $ | 5.52 | $ | (1.58 | ) | |||||
| Oil (barrel) |
$ | 85.12 | $ | 75.70 | $ | 9.42 | ||||||
| Natural gas liquids (gallon) |
$ | 0.87 | $ | 0.89 | $ | (0.02 | ) | |||||
| Revenue per unit of production excluding effects of all derivative instruments* |
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| Natural gas (Mcf) |
$ | 2.67 | $ | 4.01 | $ | (1.34 | ) | |||||
| Oil (barrel) |
$ | 98.58 | $ | 88.67 | $ | 9.91 | ||||||
| Natural gas liquids (gallon) |
$ | 0.95 | $ | 1.01 | $ | (0.06 | ) | |||||
| Other data |
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| Lease operating expense (LOE) |
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| LOE and other |
$ | 56,612 | $ | 46,945 | $ | 9,667 | ||||||
| Production taxes |
14,162 | 12,283 | 1,879 | |||||||||
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| Total |
$ | 70,774 | $ | 59,228 | $ | 11,546 | ||||||
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| Depreciation, depletion and amortization |
$ | 84,088 | $ | 51,348 | $ | 32,740 | ||||||
| Asset impairment |
$ | 21,545 | $ | — | $ | 21,545 | ||||||
| General and administrative expense |
$ | 17,943 | $ | 18,894 | $ | (951 | ) | |||||
| Capital expenditures |
$ | 340,967 | $ | 140,323 | $ | 200,644 | ||||||
| Exploration expenditures |
$ | 1,789 | $ | 614 | $ | 1,175 | ||||||
| Operating income |
$ | 26,005 | $ | 85,059 | $ | (59,054 | ) | |||||
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| Natural Gas Distribution |
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| Operating revenues |
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| Residential |
$ | 130,509 | $ | 187,674 | $ | (57,165 | ) | |||||
| Commercial and industrial |
46,756 | 66,906 | (20,150 | ) | ||||||||
| Transportation |
15,598 | 16,493 | (895 | ) | ||||||||
| Other |
1,624 | (1,501 | ) | 3,125 | ||||||||
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| Total |
$ | 194,487 | $ | 269,572 | $ | (75,085 | ) | |||||
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| Gas delivery volumes (MMcf) |
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| Residential |
8,238 | 12,591 | (4,353 | ) | ||||||||
| Commercial and industrial |
3,442 | 5,000 | (1,558 | ) | ||||||||
| Transportation |
12,036 | 12,970 | (934 | ) | ||||||||
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| Total |
23,716 | 30,561 | (6,845 | ) | ||||||||
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| Other data |
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| Depreciation and amortization |
$ | 10,446 | $ | 9,780 | $ | 666 | ||||||
| Capital expenditures |
$ | 14,943 | $ | 13,540 | $ | 1,403 | ||||||
| Operating income |
$ | 78,560 | $ | 75,059 | $ | 3,501 | ||||||
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| * | Amended revenue per unit of production excluding effects of all derivative instruments. |