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
September 24, 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 September 24, 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 September 2003
2003 Production Forecast
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1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
---------------- ---------------- ---------------- ---------------- ----------------
Crude Oil Actual Actual Projected Projected Projected
(BOPD)
Onshore 21,300- 21,300 20,700- 20,700 17,000- 18,000(1) 17,000- 18,500(1) 19,000- 19,600(1)
Offshore 59,700- 59,700 57,500- 57,500 53,000- 55,000 49,000- 54,000 54,800- 56,500
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
U.S. 81,000- 81,000 78,200- 78,200 70,000- 73,000 66,000- 72,500 73,800- 76,100
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
North Sea 80,100- 80,100 72,300- 72,300 65,000- 70,000 64,000- 71,000 70,300- 73,300
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Other International 4,300- 4,300 4,300- 4,300 0- 0(2) 0- 0(2) 2,100- 2,100(2)
------- ------- ------- ------- ------- ------ ------- ------- ------- -------
Total 165,400- 165,400 154,800- 154,800 135,000- 143,000 130,000- 143,500 146,200- 151,500
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Natural Gas
(MMCF/D) 1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
---------------- ---------------- ---------------- ---------------- ----------------
Onshore 369- 369 342- 342 330- 345 330- 370 343- 356
Offshore 286- 286 275- 275 255- 270 245- 275 265- 276
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
U.S. 655- 655 617- 617 585- 615 575- 645 608- 632
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
North Sea 106- 106 80- 80 90- 95 95- 110 93- 98
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Other International 0- 0 0- 0 0- 0 0- 0 0- 0
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Total 761- 761 697- 697 675- 710 670- 755 701- 730
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
BOE/D 292,200- 292,200 271,000- 271,000 247,500- 261,300 241,700- 269,300 263,000- 273,200
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Notes:
(1) Reflects reduction of approximately 2,500 BOPD of production associated with
the sale of Stephens County, Texas assets, effective July 1, 2003.
(2) Reflects the sale of the company's interest in the Liuhua field effective
July 1, 2003.
** 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
identified in the Risk Factors section of 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: September 24, 2003