US Michigan Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2013

US Michigan Oil and Gas Exploration and Production Industry Investment Opportunities, Analysis and Forecasts of All Active and Planned Exploration Blocks and Oil and Gas Fields to 2013

Summary

This profile is the essential source for top-level industry data and information relating to the Exploration and Production industry in US Michigan. It provides asset level information relating to the active and planned oil and gas fields and exploration blocks in US Michigan. The profiles of the major companies operating in the upstream industry of US Michigan are also included in the report. The latest news and deals pertaining to the sector are also provided and analyzed.

Scope

- Updated information relating to all active and planned exploration blocks.
- Provides historical and forecast data and information for all the major operating and planned crude oil and natural gas fields.
- Details operators and equity partners of oil and gas fields and exploration blocks.
- Includes information relating to license round details, start and end dates, acreage, location, and reserves.
- Information on the top companies in the sector including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity investments and IPOs.

Reasons to buy

- Obtain the most up to date information available on exploration licenses and oil and gas fields.
- Identify growth markets and opportunities in the industry.
- Facilitate market analysis and forecasting of future industry trends.
- Facilitate decision making on the basis of strong historic and forecast data data.
- Assess your competitor’s exploration and production asset portfolio.
- Understand and respond to your competitors business structure, strategy and prospects.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies.

1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 US Michigan Exploration and Production Sector 10
2.1 US Michigan, Key Data 10
2.2 US Michigan, Exploration And Production Assets Map 11
2.3 US Michigan Exploration and Production Sector, Production 12
2.3.1 US Michigan Exploration and Production Sector, Crude Oil-Historical Production 12
2.3.2 US Michigan Exploration and Production Sector, Natural Gas-Historical Production 13
2.3.3 US Michigan Exploration and Production Sector, Crude Oil Production by Assets 14
2.3.4 US Michigan Exploration and Production Sector, Natural Gas Production by Assets 17
2.3.5 US Michigan Exploration and Production Sector, Crude Oil Production by Company 20
2.3.6 US Michigan Exploration and Production Sector, Natural Gas Production by Company 22
2.4 US Michigan Exploration and Production Sector, Forecasts 26
2.4.1 US Michigan Exploration and Production Sector, Crude Oil Forecasted Production 26
2.4.2 US Michigan Exploration and Production Sector, Natural Gas Forecasted Production 29
2.5 US Michigan Exploration And Production Sector, Exploration 32
2.5.1 US Michigan Exploration And Production Sector, Total Active Exploration Blocks 32
2.5.2 US Michigan Exploration And Production Sector, Active Exploration Blocks by Company 32
3 Profile of British Petroleum Plc 47
3.1 British Petroleum Plc, Key Information 47
3.2 British Petroleum Plc, Company Overview 47
3.3 British Petroleum Plc, Business Description 47
3.3.1 British Petroleum Plc, Business Description, Business Overview 47
3.3.2 British Petroleum Plc, Business Description, Exploration and Production 47
3.3.3 British Petroleum Plc, Business Description, Gas, Power and Renewables 49
3.3.4 British Petroleum Plc, Business Description, Refining and Marketing 50
3.3.5 British Petroleum Plc, Business Description, Major Products and Services 52
3.4 British Petroleum Plc, Value Chain Analysis 53
3.4.1 British Petroleum Plc, Value Chain Analysis, Upstream 54
3.4.2 British Petroleum Plc, Value Chain Analysis, Midstream 54
3.4.3 British Petroleum Plc, Value Chain Analysis, Downstream 55
3.4.4 British Petroleum Plc, Value Chain Analysis, Retail 56
3.5 British Petroleum Plc, SWOT Analysis 57
3.5.1 British Petroleum Plc, SWOT Analysis, Overview 57
3.5.2 British Petroleum Plc, SWOT Analysis, Strengths 58
3.5.3 British Petroleum Plc, SWOT Analysis, Weaknesses 59
3.5.4 British Petroleum Plc, SWOT Analysis, Opportunities 59
3.5.5 British Petroleum Plc, SWOT Analysis, Threats 60
3.6 British Petroleum Plc, Revenue Analysis 61
3.6.1 British Petroleum Plc, Revenue by Segment 62
3.6.2 British Petroleum Plc, Revenue by Geography 62
3.7 British Petroleum Plc, Financial and Operational Review 64
3.7.1 Financial Statements 64
3.7.2 Financial Ratios 65
4 Profile of ConocoPhillips 66
4.1 ConocoPhillips, Key Information 66
4.2 ConocoPhillips, Company Overview 66
4.3 ConocoPhillips, Business Description 66
4.3.1 ConocoPhillips, Business Description, Overview 66
4.3.2 ConocoPhillips, Business Description, Chemicals Segment 67
4.3.3 ConocoPhillips, Business Description, Emerging Businesses Segment 68
4.3.4 ConocoPhillips, Business Description, Exploration and Production Segment 69
4.3.5 ConocoPhillips, Business Description, LUKOIL Investment 70
4.3.6 ConocoPhillips, Business Description, Midstream Segment 70
4.3.7 ConocoPhillips, Business Description, Refining and Marketing Segment 71
4.4 ConocoPhillips, Value Chain Analysis 73
4.4.1 ConocoPhillips, Value Chain Analysis, Upstream 73
4.4.2 ConocoPhillips, Value Chain Analysis, Midstream 74
4.4.3 ConocoPhillips, Value Chain Analysis, Downstream 75
4.4.4 ConocoPhillips, Value Chain Analysis, Retail 75
4.5 ConocoPhillips, SWOT Analysis 76
4.5.1 ConocoPhillips, SWOT Analysis, Overview 76
4.5.2 ConocoPhillips, SWOT Analysis, Strengths 77
4.5.3 ConocoPhillips, SWOT Analysis, Weaknesses 78
4.5.4 ConocoPhillips, SWOT Analysis, Opportunities 79
4.5.5 ConocoPhillips, SWOT Analysis, Threats 80
4.6 ConocoPhillips, Revenue Analysis 81
4.6.1 ConocoPhillips, Revenue by Segment 81
4.6.2 ConocoPhillips, Revenue by Geography 82
4.7 ConocoPhillips, Financial and Operational Review 83
4.7.1 Financial Statements 83
4.7.2 Financial Ratios 84
5 Profile of Exxon Mobil Corporation 85
5.1 Exxon Mobil Corporation, Key Information 85
5.2 Exxon Mobil Corporation, Company Overview 85
5.3 Exxon Mobil Corporation, Business Description 85
5.3.1 Exxon Mobil Corporation, Business Description, Overview 85
5.3.2 Exxon Mobil Corporation, Business Description, Chemical 85
5.3.3 Exxon Mobil Corporation, Business Description, Downstream 87
5.3.4 Exxon Mobil Corporation, Business Description, Upstream 89
5.4 Exxon Mobil Corporation, Value Chain Analysis 91
5.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 91
5.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 92
5.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 93
5.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 93
5.5 Exxon Mobil Corporation, SWOT Analysis 93
5.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 93
5.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 94
5.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 96
5.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 98
5.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 99
5.6 Exxon Mobil Corporation, Revenue Analysis 101
5.6.1 Exxon Mobil Corporation, Revenue by Segment 101
5.6.2 Exxon Mobil Corporation, Revenue by Geography 101
5.7 Exxon Mobil Corporation, Financial and Operational Review 103
5.7.1 Financial Statements 103
5.7.2 Financial Ratios 104
6 Financial Deals Landscape 105
6.1 Detailed Deal Summary 105
6.1.1 Acquisition 105
6.1.2 Equity Offerings 107
6.1.3 Debt Offerings 115
6.1.4 Partnerships 127
6.1.5 Asset Transactions 129
7 Recent Developments 138
7.1 License Rounds 138
7.1.1 Feb 25, 2009: Salazar To Offer New Round Of Oil Shale Research, Development And Demonstration Leases 138
7.2 License Awards 139
7.2.1 Feb 17, 2009: Ameriwest Energy Receives Approval To Drill At Geary Prospect, Wyoming 139
7.3 Strategy and Business Expansion 139
7.3.1 Feb 17, 2009: Gulf Coast Western Announces Expansion Of Exploration Plans For 2009 139
7.4 Recent Discoveries 140
7.4.1 Feb 27, 2009: Aztec Oil & Gas Encounters Gas At West Powell #1 Well In Goliad County, Texas 140
7.4.2 Feb 25, 2009: Amadeus Energy Intersects Oil At Lyles #1 Well In Longville Project, Louisiana 141
7.4.3 Feb 22, 2009: Seisma Oil Research Hits Gas At Los Dos Apache Well #6 In Texas 141
7.4.4 Feb 18, 2009: Nighthawk Energy Discovers Gas At Devon Field In Bourbon County, Kansas 142
7.4.5 Feb 17, 2009: Southern Star Announces Discovery At L. Moore 20-1 Well In Sentell Field, Bossier Parish, Louisiana 142
7.5 Drilling and Production Updates 143
7.5.1 Mar 09, 2009: ExxonMobil To Produce Four Million Bpd Of Oil And Gas In 2009 143
7.5.2 Mar 09, 2009: Victory Energy Updates On Canyon Sandstone Natural Gas Field In Texas Permian Basin 144
7.5.3 Mar 08, 2009: ExxonMobil To Raise Gas Production In Colorado 144
7.5.4 Mar 06, 2009: Enhanced Oil Activates Crossroads No. 202 Well In Lea County, New Mexico 145
7.5.5 Mar 05, 2009: Leni Gas & Oil Provides Production Update 146
7.5.6 Mar 05, 2009: Samson Oil & Gas Updates On Leonard #1-23H Well In Williston Basin, North Dakota 147
7.5.7 Mar 04, 2009: Amadeus Energy Announces Testing Results Of Lyles #1 Well At Longville, Louisiana 148
7.5.8 Mar 03, 2009: Cabot Oil & Gas Completes Drilling Horizontal Wells In Marcellus Play, Eastern Pennsylvania 148
7.5.9 Mar 02, 2009: Approach Resources Reports Year-End 2008 Reserves 149
7.5.10 Mar 02, 2009: Kentucky USA Energy Reaches Total Depth On Francis Grace #3 In US 151
7.6 Financial Announcements 152
7.6.1 Mar 06, 2009: Rex Energy Reports Q4 2008 Results 152
7.6.2 Mar 06, 2009: DTE Energy Declares Dividend 154
7.6.3 Mar 05, 2009: Harvest Natural Resources Reports Q4 2008 Results 154
7.6.4 Mar 05, 2009: Teton Energy Reports 2008 Results 157
7.6.5 Mar 05, 2009: Venoco Reports 2008 Results 160
7.7 Other Significant Developments 163
7.7.1 Mar 09, 2009: ENI Oil and Gas Delays Nikaitchuq Offshore Project In Alaska 163
7.7.2 Mar 09, 2009: ExxonMobil To Elect New Senior Vice President 164
7.7.3 Mar 09, 2009: GMX Resources Reduces CAPEX For 2009 165
7.7.4 Mar 09, 2009: Pacific Energy Resources Files Petition For Chapter 11 Of Bankruptcy Code 166
7.7.5 Mar 05, 2009: BNK Petroleum Provides Operational Update 167
8 Appendix 168
8.1 Methodology 168
8.1.1 Coverage 169
8.1.2 Secondary Research 170
8.1.3 Primary Research 170
8.1.4 E&P Forecasts 170
8.1.5 Midstream Forecasts 172
8.1.6 Expert Panel Validation 172
8.2 Contact Us 172
8.3 About GlobalData 173
8.4 Disclaimer 173

1.1 List of Tables
Table 1: US Michigan, Oil and Gas, Key Statistics, 2008 10
Table 2: US Michigan, Total Crude Oil Production (MMBBLs), 2001-2008 12
Table 3: US Michigan, Total Natural Gas Production (MMcf), 2001-2008 13
Table 4: United States, Crude Oil Production (MMBBLs), by Assets, 2001-2008 14
Table 5: US Michigan, Natural Gas Production (MMcf), by Assets, 2001-2008 17
Table 6: US Michigan, Crude Oil Production (MMBBLs), by Company, 2001-2008 20
Table 7: US Michigan, Natural Gas Production (MMcf), by Company, 2001-2008 22
Table 8: US Michigan, Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2015 26
Table 9: US Michigan, Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2015, (Contd.) 27
Table 10: US Michigan, Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2015, (Contd.) 28
Table 11: US Michingan, Natural Gas Production (MMcf), Forecast by Assets, 2009-2015 29
Table 12: US Michingan, Natural Gas Production (MMcf), Forecast by Assets, 2009-2015 30
Table 13: US Michingan, Natural Gas Production (MMcf), Forecast by Assets, 2009-2015, (Contd.) 31
Table 14: US Michigan, Total Active Exploration Blocks, 2001-2008 32
Table 15: US Michigan, Exploration Active Blocks by Company, 2001-2008 32
Table 16: British Petroleum Plc, Key Facts 47
Table 17: British Petroleum Plc, SWOT Analysis 57
Table 18: British Petroleum Plc, Revenue by Segment, USD Million, 2003-2007 62
Table 19: British Petroleum Plc, Revenue by Geography, USD Million, 2003-2007 63
Table 20: British Petroleum Plc, Financial Statements, USD Million, 2003-2007 64
Table 21: British Petroleum Plc, Financial Ratios, USD Million, 2003-2007 65
Table 22: ConocoPhillips, Key Facts 66
Table 23: ConocoPhillips, SWOT Analysis 77
Table 24: ConocoPhillips, Revenue by Segment, USD Million, 2003-2007 82
Table 25: ConocoPhillips, Revenue by Geography, USD Million, 2003-2007 83
Table 26: ConocoPhillips, Financial Statements, USD Million, 2003-2007 83
Table 27: ConocoPhillips, Financial Ratios, USD Million, 2003-2007 84
Table 28: Exxon Mobil Corporation, Key Facts 85
Table 29: Exxon Mobil Corporation, SWOT Analysis 94
Table 30: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 101
Table 31: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 102
Table 32: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 103
Table 33: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 104
Table 34: Total Acquires 50% Stake In American Shale Oil From IDT 105
Table 35: Mogul Energy Announces Agreement To Acquire 40% Interest In Excelaron 106
Table 36: Delta Petroleum Announces Rights Offering Of Convertible Preferred Stock For $175 Million 107
Table 37: Petrohawk Energy Prices Public Offering Of 22 Million Shares For $385 Million 108
Table 38: Berry Petroleum Files Shelf Registration Statement To Raise $750 Million 110
Table 39: BPZ Energy Completes Private Placement Of Common Stock For $43.6 Million 111
Table 40: Magellan Petroleum Announces Equity Investment Of $10 Million 113
Table 41: Williams Companies Completes Private Placement Of 8.75% Senior Notes For $600 Million 115
Table 42: Plains Exploration & Production Prices Public Offering Of 10% Senior Notes For $365 Million 116
Table 43: Anadarko Petroleum Prices Public Offering Of 7.62% Senior Notes For $500 Million 118
Table 44: Anadarko Petroleum Prices Public Offering Of 8.7% Senior Notes For $600 Million 119
Table 45: Noble Energy Announces Public Offering Of 8.25% Notes For $1,000 Million 120
Table 46: DCP Midstream Completes Private Placement Of 9.75% Notes For $450 Million 121
Table 47: Forest Oil Prices Senior Notes Offering Of $600 Million 122
Table 48: Marathon Oil Prices $700 Million Public Offering Of 6.5% Senior Notes Due 2014 123
Table 49: Marathon Oil Prices $800 Million Public Offering Of 7.5% Senior Notes Due 2019 124
Table 50: Denbury Resources Announces Pricing Of $420 Million Of Senior Subordinated Notes 126
Table 51: Blugrass Energy Plans To Form A Joint Venture In Eastern Kentucky 127
Table 52: Enhanced Oil Resources To Form Joint Venture With Tristone Capital 128
Table 53: EPiC Energy Resources Sells Its Interest In Natural Gas Field 129
Table 54: Berry Petroleum To Sell Its Non-Core Assets In Northeastern Colorado For $154 Million 130
Table 55: Precision Petroleum To Acquire Interest In Four Producing Wells In Oklahoma 131
Table 56: GE Energy To Acquire ATP Innovator Floating Oil And Gas Production Unit 132
Table 57: Nighthawk Energy Completes Acquisition Of Well In Jolly Ranch Group Project 133
Table 58: South Texas Oil To Sell Its Colorado DJ Basin Properties And Its Unit 134
Table 59: Aspen Exploration And Gold Coast Resources To Sell Oil And Gas Assets To Venoco 135
Table 60: Aeon Holdings Acquires Interest In Mineral Leases From Green Star Energies 136
Table 61: EGPI/Firecreek To Acquire New Oil And Gas Projects In Texas 137

1.2 List of Figures
Figure 1: US Michigan, Exploration and Production Assets Map, 2008 11
Figure 2: US Michigan, Total Crude Oil Production (MMBBLs), 2001-2008 12
Figure 3: US Michigan, Total Natural Gas Production (MMcf), 2001-2008 13
Figure 4: British Petroleum Plc, Value Chain Analysis 53
Figure 5: ConocoPhillips, Value Chain Analysis 73
Figure 6: Exxon Mobil Corporation, Value Chain Analysis 91
Figure 7: GlobalData Methodology 169