Market Commentary on Pogo Producing Co.

0 Comments | M2 Presswire, March, 2007

M2 PRESSWIRE-8 March 2007-bellwetherreport.com: Market Commentary on Pogo Producing Co(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:08032007 Market Commentary on Pogo Producing Co (NYSE:PPP) Pogo sticks to its core business of searching for oil and natural gas. Pogo Producing explores for, develops, and produces those resources onshore in the US (the Permian Basin in West Texas and New Mexico; South Texas and Louisiana; and Wyoming), offshore in the Gulf of Mexico, and in Canada.

The company holds stakes in close to 90 federal and state lease blocks offshore from Louisiana and Texas and owns 3.9 million gross leasehold acres in North America. It also owns more than a million acres in New Zealand. Altogether, it has proved reserves of 1.2 trillion cu. ft. of...