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
December 23, 2003
--------------------------------------------------
(Date of Report - Date of earliest event reported)
KERR-McGEE CORPORATION
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-16619 73-1612389
-------------- ------------------------ -------------------
(State of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
Kerr-McGee Center
Oklahoma City, Oklahoma 73125
---------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
(405) 270-1313
-------------------------------
(Registrant's telephone number)
Item 9. Regulation FD Disclosure
On December 23, 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
2004. A table providing the projection ranges of 2004 average daily
oil and natural gas production is furnished below.
Kerr-McGee Corp.
Projected Daily Average Production Volumes
As of December 2003
2003 Production Forecast
--------------------------------------------------------------------------------------------
1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
---------------- ---------------- ---------------- ---------------- ----------------
Crude Oil Projected Projected Projected Projected Projected
(BOPD)
Onshore 18,000- 20,000 17,000- 19,000 16,000- 18,000 16,000- 18,000 16,800- 18,800
Offshore 50,000- 53,000 50,000- 54,000 46,000- 50,000 45,000- 50,000 47,900- 51,900
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
U.S. 68,000- 73,000 67,000- 73,000 62,000- 68,000 61,000- 68,000 64,700- 70,700
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
North Sea 64,500- 67,000 58,000- 62,000 54,000- 60,000 58,000- 64,000 58,800- 63,400
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Other International 0- 0 0- 0 0- 0 3,000- 4,000 800- 1,000
------- ------- ------- ------- ------- ------ ------- ------- ------- -------
Total 132,500- 140,000 125,000- 135,000 116,000- 128,000 122,000- 136,000 124,300- 135,100
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
Natural Gas
(MMCF/D) 1-Qtr 2-Qtr 3-Qtr 4-Qtr Year
---------------- ---------------- ---------------- ---------------- ----------------
Onshore 325- 350 320- 350 310- 340 300- 330 315- 343
Offshore 325- 345 340- 375 360- 400 410- 460 360- 396
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
U.S. 650- 695 660- 725 670- 740 710- 790 675- 739
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
North Sea 100- 110 80- 90 60- 70 75- 85 79- 89
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Other International 0- 0 0- 0 0- 0 0- 0 0- 0
------- ------- ------- ------- ------- ------- ------- ------- ------- -------
Total 750- 805 740- 815 730- 810 785- 875 754- 828
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
BOE/D 257,500- 274,200 248,300- 270,800 237,700- 263,000 252,800- 281,800 250,000- 273,100
======= ======= ======= ======= ======= ======= ======= ======= ======= =======
** 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)
-----------------------------
John M. Rauh
Vice President and Controller
Dated: December 23, 2003