News from the Oklahoma Corporation Commission

Matt Skinner, Public Information

Phone: (405) 521-4180, FAX: (405) 522-1623, m.skinner@occemail.com

August 6, 2003

OKLAHOMA OIL AND GAS PRODUCTION NUMBERS ARE DOWN IN LATEST REPORT**

(Oklahoma City) The latest Oklahoma Corporation Commission report on oil and natural gas production in Oklahoma shows a drop in price and production from March to April.

April 2003 oil production totaled 5,511,409 barrels, a decrease of 233,349 barrels over the March 2003 (revised) production of 5,744,758 barrels.

April 2003 gas production totaled 112,824,226 mcf (thousand cubic feet) in January, a sharp drop from the March 2003 (revised) production total of 122,289,470 mcf (thousand cubic feet).

The average price-per-barrel for Oklahoma oil in April 2003 was $27.30 a barrel, compared to the March 2003 average price of $32.35 a barrel.

The average price for Oklahoma gas in April 2003 was $4.37 mcf, compared to $7.24 mcf for March 2003.

The total oil production from January to April 2003 was 21,814,860 barrels, compared to 21,910,231 for the same time period in 2002.

The total gas production from January to April 2003 was 461,140,873 mcf (thousand cubic feet), compared to 517,955,022 mcf (thousand cubic feet).

-occ-

All OCC advisories and releases are available at www.occeweb.com

**Please Note: All numbers are subject to change, and should be used for

trend purposes only.

FOR FURTHER INFORMATION ON OIL AND GAS PRODUCTION IN OKLAHOMA, CALL LARRY CLAXTON, MANAGER - STATISTICS/SURETY DEPARTMENT, OIL AND GAS DIVISION, OKLAHOMA CORPORATION COMMISSION (405) 521-2273.