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
October 29, 2002
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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 Incorporation) (Commission File Number) (IRS Employer
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
During October 2002, the company began adding to its existing oil
and gas hedging positions and expects to continue its oil and gas
hedging program into 2003. These hedges will provide greater certainty
for cash flows. The company expects to hedge approximately 50% of its
oil and gas production in 2003. Additionally, the company plans to
enter into basis hedges for Rocky Mountain gas to achieve more
predictable net realizations.
Through October 29, 2002, the following contracts have been
added:
Volume
Average (MMBtuD)
Contract Type Period Price (BOPD)
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Fixed-price gas Nov. - Dec. 2002 $4.32 130
Fixed-price gas 2003 $4.08 140
Costless collar-gas 2003 $3.50 - $5.26 55
Fixed-price oil (WTI) 2003 $26.03 3,500
Fixed-price oil (Brent) 2003 $25.03 6,500
Basis Contracts
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Basis hedges - RM Nov. 02 - March 03 $.97 20
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: October 29, 2002