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It now produces about 680,000 barrels of oil a day, and production declines as much as 6 percent a year.
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The company's shares declined as much as 7.1percentt.
The company's stock then declined as much as 13percentt.
While sales to customers fell, they did not decline as much as production did.
Earlier in the day, the stock declined as much as 3 per cent.
JDA announced on July 6 that second-quarter net income declined as much as 80percentt from a year earlier.
Mr. Kirby said property values had declined as much as 40percentt.
The retailer's shares declined as much as 11percentthethe biggest drop in 21 months.
Revenue could stay flat or decline as much as 5percentt from the current quarter, he said.
Delta's shares closed at $11.38, down 2.9 percent, after declining as much as 11 percent in morning trading.
(He later told the Times that his enthusiasm had not actually declined as much as he might have indicated).
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