SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
March 25, 2003
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(Date of Report - Date of earliest event reported)
KERR-McGEE CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-16619 73-1612389
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(State of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
Kerr-McGee Center
Oklahoma City, Oklahoma 73125
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(Address of principal executive offices) (Zip Code)
(405) 270-1313
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(Registrant's telephone number)
Item 9. Regulation FD Disclosure
On March 26, 2003, Kerr-McGee Corporation will hold a security
analyst meeting to discuss its financial and operating outlook for
2003. During the meeting, the company will discuss certain
expectations for oil and natural gas production volumes for the year
2003. A table providing the projection ranges of 2003 average daily
oil and natural gas production is furnished below.
Kerr-McGee Corp.
Projected Daily Average Production Volumes
As of March 2003
2003 Production Forecast
---------------------------------------------------------------------------------------------------
1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
---------------- ---------------- ----------------- ----------------- -----------------
Crude Oil
(BOPD)
Onshore 20,500- 22,000 19,000- 21,000 18,000- 20,000 18,000- 19,500 18,900- 20,600
Offshore 56,000- 58,000 52,000- 57,500 51,000- 56,000 49,000- 54,000 52,000- 56,400
------- ------- ------ ------- ------- ------- ------- ------- ------- -------
U.S. 76,500- 80,000 71,000- 78,500 69,000- 76,000 67,000- 73,500 70,900- 77,000
------- ------- ------ ------- ------- ------- ------- ------- ------- -------
North Sea 80,000- 84,000 63,000- 70,000 68,000- 75,500 64,000- 71,000 68,700- 75,100
------- ------- ------ ------- ------- ------- ------- ------- ------- -------
Other International 4,000- 4,500 3,000- 4,000 3,000- 4,000 3,000- 4,000 3,200- 4,100
------- ------- ------ ------- ------- ------ ------- ------- ------- -------
Total 160,500- 168,500 137,000- 152,500 140,000- 155,500 134,000- 148,500 142,800- 156,200
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Natural Gas
(MMCF/D) 1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
---------------- ---------------- ----------------- ----------------- -----------------
Onshore 365- 370 350- 390 335- 375 330- 370 345- 376
Offshore 275- 285 250- 280 245- 275 245- 275 254- 279
--- --- --- --- --- --- --- --- --- ---
U.S. 640- 655 600- 670 580- 650 575- 645 599- 655
--- --- --- --- --- --- --- --- --- ---
North Sea 100- 110 85- 100 90- 105 95- 110 92- 106
--- --- --- --- --- --- --- --- --- ---
Other International 0- 0 0- 0 0- 0 0- 0 0- 0
--- --- --- --- --- --- --- --- --- ---
Total 740- 765 685- 770 670- 755 670- 755 691- 761
=== === === === === === === === === ===
BOE/D 283,800- 296,000 251,200- 280,800 251,700- 281,300 245,700- 274,300 258,000- 283,000
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
** Cautionary Statement Concerning Forward-Looking Statements **
The information contained in this table regarding Kerr-McGee's projected
production volume forecasts are only estimated projections that may or may not
occur in the future, and constitute "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. Future results
and developments set forth in this statement may be affected by numerous
uncertainties, factors and risks, such as but not limited to the accuracy of the
assumptions that underlie the statement, the success of the oil and gas
exploration and production program, drilling risks, market value of oil and gas,
uncertainties in interpreting engineering data, changes in laws and regulations,
the ability to respond to challenges in international markets, political or
economic conditions, trade and regulatory matters, and other factors and risks
discussed in Kerr-McGee's Annual Report on form 10-K and other SEC filings.
Actual results and developments may differ materially from those expressed or
implied in this statement. Therefore, the information contained in this
statement may not be accurate. Kerr-McGee does not undertake to update, revise
or correct any of the forward-looking information.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
KERR-MCGEE CORPORATION
By: (John M. Rauh)
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John M. Rauh
Vice President and Controller
Dated: March 25, 2003