Summary
This Form 8-K filing from The Williams Companies, Inc. (WMB), dated February 23, 2005, primarily serves to furnish information regarding the company's financial results for the fourth quarter and full year ended December 31, 2004. Investors are provided with access to a press release detailing these results, as well as an accompanying slide presentation used for a public conference call. The filing also highlights a significant development in the company's natural gas reserves. The company announced that its domestic and international proved natural gas reserves increased to 3.2 trillion cubic feet equivalent as of December 31, 2004. Importantly, Williams reported replacing 100% of its 2004 U.S. natural gas production of 191 billion cubic feet equivalent, achieving a replacement ratio of 248%. This indicates a strong performance in reserve replacement, a key metric for energy companies.
Key Highlights
- 1Williams Companies announced its fourth quarter and year-end 2004 financial results on February 23, 2005.
- 2The company's domestic and international proved natural gas reserves reached 3.2 trillion cubic feet equivalent as of December 31, 2004.
- 3Williams successfully replaced 248% of its 2004 U.S. natural gas production.
- 4The filing includes a press release with detailed financial results for Q4 and FY 2004.
- 5A slide presentation used during a public conference call and webcast is also furnished.
- 6This information is furnished, not filed, and is not subject to liability under Section 18 of the Securities Exchange Act of 1934.