CMS Energy Corporation Renames Oil and Gas Business Amid Global Expansion

CMS Energy Corporation has rebranded its oil and gas exploration and production business as CMS Oil and Gas Company, reflecting its broadened scope and global reach. Under the leadership of President and CEO Bradley W. Fischer, the Houston-based company has grown from its origins in northern Michigan to become one of the largest independent oil and gas companies in the United States. With operations in 12 states and 8 countries worldwide, CMS Oil and Gas Company has achieved significant milestones, including record operating revenues of $168.2 million and pre-tax income of $26.2 million in 1997.

Key Takeaways:

• CMS Energy Corporation has renamed its oil and gas exploration and production business to CMS Oil and Gas Company, reflecting its expanded global presence.
• The company has grown from its origins in northern Michigan to become one of the 30 largest independent oil and gas companies in the United States.
• CMS Oil and Gas Company operates in 12 states and 8 countries worldwide, engaging in exploration and/or production activities.
• In 1997, the company achieved record operating revenues of $168.2 million and pre-tax income of $26.2 million.
• At year-end 1997, CMS Oil and Gas Company held proven reserves of 152 million net equivalent barrels, with 1997 production totaling 11.4 million net equivalent barrels.
• Bradley W. Fischer serves as President and CEO of CMS Oil and Gas Company.
• CMS Energy Corporation's principal subsidiary is Consumers Energy, Michigan's largest utility and America's fourth-largest combination gas and electric utility.
• The company operates in various business segments, including electric and natural gas utility operations, independent power production, natural gas pipelines and storage, oil and gas exploration and production, and energy marketing, services, and trading.

Statistics:

• Operating revenues (1997): $168.2 million
• Pre-tax income (1997): $26.2 million
• Proven reserves (1997): 152 million net equivalent barrels
• Production (1997): 11.4 million net equivalent barrels
• Number of states with operations: 12
• Number of countries with operations: 8
• Year CMS Oil and Gas Company was originally formed: 1967
• Year CMS Oil and Gas Company moved to Houston, Texas: 1997
• Size of CMS Energy Corporation: $5 billion (sales), $10 billion (assets)

Sources:

• [1] CMS Energy Corporation press release, October 8 (no date specified, but presumed to be 1998) - referred to in PRNewswire article