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This excerpt taken from the ARD 10-K filed Mar 2, 2009. Major CustomersWe principally sell our oil and natural gas production to end users, marketers and other purchasers that have access to nearby pipeline facilities. In areas where there is no practical access to pipelines, oil is trucked to storage facilities. Our marketing of oil and natural gas can be affected by factors beyond our control, the effects of which cannot be accurately predicted. For fiscal year 2008, sales to three customers, Navajo Refining Company, DCP Midstream, LP and Conoco Phillips, represented 83%, 8% and 5% of oil and gas revenues, respectively. At December 31, 2008, these customers represented 84%, 9% and 5% of our accounts receivable. However, we believe that the loss of these customers would not materially impact our business, because we could readily find other purchasers for our oil and gas as produced. This excerpt taken from the ARD 10-K filed Mar 12, 2008. Major CustomersWe principally sell our oil and natural gas production to end users, marketers and other purchasers that have access to nearby pipeline facilities. In areas where there is no practical access to pipelines, oil is trucked to storage facilities. Our marketing of oil and natural gas can be affected by factors beyond our control, the effects of which cannot be accurately predicted. For fiscal year 2007, sales to two customers, Navajo Refining Company and DCP Midstream, LP, represented 83% and 11% of oil and gas revenues. At December 31, 2007, these customers represented 85% and 7% of our accounts receivable. However, we believe that the loss of these customers would not materially impact our business, because we could readily find other purchasers for our oil and gas as produced. This excerpt taken from the ARD 10-K filed Apr 2, 2007. Major CustomersWe principally sell our oil and natural gas production to end users, marketers and other purchasers that have access to nearby pipeline facilities. In areas where there is no practical access to pipelines, oil is trucked to storage facilities. Our marketing of oil and natural gas can be affected by factors beyond our control, the effects of which cannot be accurately predicted. For fiscal year 2006, sales to one customer, Navajo Refining Company, represented 82% of oil and gas revenues. At December 31, 2006, this customer represented 80% of our accounts receivable. However, we believe that the loss of this customer would not materially impact our business, because we could readily find other purchasers for our oil and gas as produced. This excerpt taken from the ARD 10-K filed Mar 16, 2006. Major CustomersWe principally sell our oil and natural gas production to end users, marketers and other purchasers that have access to nearby pipeline facilities. In areas where there is no practical access to pipelines, oil is trucked to storage facilities. Our marketing of oil and natural gas can be affected by factors beyond our control, the effects of which cannot be accurately predicted. For fiscal year 2005, two customers were responsible for generating 84% or more of our total oil and natural gas sales. These two customers were Plains Marketing, L.P., accounting for approximately 12% of total sales and Navajo Refining Company, accounting for approximately 72% of total sales. However, we believe that the loss of either of these customers would not materially impact our business, because we could readily find other purchasers for our oil and gas as produced. | EXCERPTS ON THIS PAGE:
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