1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 US Gulf of Mexico Exploration and Production Sector 10
2.1 US Gulf of Mexico, Exploration And Production Assets Map 10
2.2 US Gulf of Mexico Exploration and Production Sector, Production 11
2.2.1 US Gulf of Mexico Exploration and Production Sector, Crude Oil-Historical Production 11
2.2.2 US Gulf of Mexico Exploration and Production Sector, Natural Gas-Historical Production 12
2.2.3 US Gulf of Mexico Exploration and Production Sector, Crude Oil Production by Assets 13
2.2.4 US Gulf of Mexico Exploration and Production Sector, Natural Gas Production by Assets 16
2.2.5 US Gulf of Mexico Exploration and Production Sector, Crude Oil Production by Company 19
2.2.6 US Gulf of Mexico Exploration and Production Sector, Natural Gas Production by Company 21
2.3 Gulf of Mexico Exploration and Production Sector, Forecasts 23
2.3.1 Gulf of Mexico Exploration and Production Sector, Crude Oil Forecasted Production 23
2.3.2 Gulf of Mexico Exploration and Production Sector, Natural Gas Forecasted Production 26
2.4 US Gulf of Mexico Exploration And Production Sector, Asset Details 28
2.4.1 US Gulf of Mexico Exploration And Production Sector, Active Crude Oil Asset Details 28
2.4.2 US Gulf of Mexico Exploration And Production Sector, Planned Crude Oil Asset Details 28
2.4.3 US Gulf of Mexico Exploration And Production Sector, Active Natural Gas Asset Details 29
2.4.4 US Gulf of Mexico Exploration And Production Sector, Planned Natural Gas Asset Details 29
2.5 US Gulf of Mexico Exploration And Production Sector, Exploration 29
2.5.1 US Gulf of Mexico Exploration And Production Sector, Total Active Exploration Blocks 29
2.5.2 US Gulf of Mexico Exploration And Production Sector, Active Exploration Blocks by Company 30
2.5.3 US Gulf of Mexico Exploration And Production Sector, Exploration Details 31
3 Profile of British Petroleum Plc 35
3.1 British Petroleum Plc, Key Information 35
3.2 British Petroleum Plc, Company Overview 35
3.3 British Petroleum Plc, Business Description 35
3.3.1 British Petroleum Plc, Business Description, Business Overview 35
3.3.2 British Petroleum Plc, Business Description, Exploration and Production 35
3.3.3 British Petroleum Plc, Business Description, Gas, Power and Renewables 37
3.3.4 British Petroleum Plc, Business Description, Refining and Marketing 38
3.3.5 British Petroleum Plc, Business Description, Major Products and Services 40
3.4 British Petroleum Plc, Value Chain Analysis 41
3.4.1 British Petroleum Plc, Value Chain Analysis, Upstream 41
3.4.2 British Petroleum Plc, Value Chain Analysis, Midstream 42
3.4.3 British Petroleum Plc, Value Chain Analysis, Downstream 43
3.4.4 British Petroleum Plc, Value Chain Analysis, Retail 43
3.5 British Petroleum Plc, SWOT Analysis 45
3.5.1 British Petroleum Plc, SWOT Analysis, Overview 45
3.5.2 British Petroleum Plc, SWOT Analysis, Strengths 45
3.5.3 British Petroleum Plc, SWOT Analysis, Weaknesses 46
3.5.4 British Petroleum Plc, SWOT Analysis, Opportunities 47
3.5.5 British Petroleum Plc, SWOT Analysis, Threats 48
3.6 British Petroleum Plc, Revenue Analysis 49
3.6.1 British Petroleum Plc, Revenue by Segment 49
3.6.2 British Petroleum Plc, Revenue by Geography 50
3.7 British Petroleum Plc, Financial and Operational Review 51
3.7.1 Financial Statements 51
3.7.2 Financial Ratios 52
4 Profile of ConocoPhillips 53
4.1 ConocoPhillips, Key Information 53
4.2 ConocoPhillips, Company Overview 53
4.3 ConocoPhillips, Business Description 53
4.3.1 ConocoPhillips, Business Description, Overview 53
4.3.2 ConocoPhillips, Business Description, Chemicals Segment 54
4.3.3 ConocoPhillips, Business Description, Emerging Businesses Segment 55
4.3.4 ConocoPhillips, Business Description, Exploration and Production Segment 56
4.3.5 ConocoPhillips, Business Description, LUKOIL Investment 57
4.3.6 ConocoPhillips, Business Description, Midstream Segment 57
4.3.7 ConocoPhillips, Business Description, Refining and Marketing Segment 58
4.4 ConocoPhillips, Value Chain Analysis 60
4.4.1 ConocoPhillips, Value Chain Analysis, Upstream 60
4.4.2 ConocoPhillips, Value Chain Analysis, Midstream 61
4.4.3 ConocoPhillips, Value Chain Analysis, Downstream 62
4.4.4 ConocoPhillips, Value Chain Analysis, Retail 62
4.5 ConocoPhillips, SWOT Analysis 63
4.5.1 ConocoPhillips, SWOT Analysis, Overview 63
4.5.2 ConocoPhillips, SWOT Analysis, Strengths 64
4.5.3 ConocoPhillips, SWOT Analysis, Weaknesses 65
4.5.4 ConocoPhillips, SWOT Analysis, Opportunities 66
4.5.5 ConocoPhillips, SWOT Analysis, Threats 67
4.6 ConocoPhillips, Revenue Analysis 68
4.6.1 ConocoPhillips, Revenue by Segment 68
4.6.2 ConocoPhillips, Revenue by Geography 69
4.7 ConocoPhillips, Financial and Operational Review 70
4.7.1 Financial Statements 70
4.7.2 Financial Ratios 71
5 Profile of Exxon Mobil Corporation 72
5.1 Exxon Mobil Corporation, Key Information 72
5.2 Exxon Mobil Corporation, Company Overview 72
5.3 Exxon Mobil Corporation, Business Description 72
5.3.1 Exxon Mobil Corporation, Business Description, Overview 72
5.3.2 Exxon Mobil Corporation, Business Description, Chemical 72
5.3.3 Exxon Mobil Corporation, Business Description, Downstream 74
5.3.4 Exxon Mobil Corporation, Business Description, Upstream 76
5.4 Exxon Mobil Corporation, Value Chain Analysis 78
5.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 78
5.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 79
5.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 80
5.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 80
5.5 Exxon Mobil Corporation, SWOT Analysis 80
5.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 80
5.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 81
5.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 83
5.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 85
5.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 86
5.6 Exxon Mobil Corporation, Revenue Analysis 88
5.6.1 Exxon Mobil Corporation, Revenue by Segment 88
5.6.2 Exxon Mobil Corporation, Revenue by Geography 88
5.7 Exxon Mobil Corporation, Financial and Operational Review 90
5.7.1 Financial Statements 90
5.7.2 Financial Ratios 91
6 Financial Deals Landscape 92
6.1 Detailed Deal Summary 92
6.1.1 Acquisition 92
6.1.2 Equity Offerings 94
6.1.3 Debt Offerings 104
6.1.4 Partnerships 117
6.1.5 Asset Transactions 119
7 Recent Developments 128
7.1 License Rounds 128
7.1.1 Feb 25, 2009: Salazar To Offer New Round Of Oil Shale Research, Development And Demonstration Leases 128
7.2 License Awards 129
7.2.1 Feb 17, 2009: Ameriwest Energy Receives Approval To Drill At Geary Prospect, Wyoming 129
7.3 Strategy and Business Expansion 129
7.3.1 Feb 17, 2009: Gulf Coast Western Announces Expansion Of Exploration Plans For 2009 129
7.4 Recent Discoveries 130
7.4.1 Feb 27, 2009: Aztec Oil & Gas Encounters Gas At West Powell #1 Well In Goliad County, Texas 130
7.4.2 Feb 25, 2009: Amadeus Energy Intersects Oil At Lyles #1 Well In Longville Project, Louisiana 131
7.4.3 Feb 22, 2009: Seisma Oil Research Hits Gas At Los Dos Apache Well #6 In Texas 131
7.4.4 Feb 18, 2009: Nighthawk Energy Discovers Gas At Devon Field In Bourbon County, Kansas 132
7.4.5 Feb 17, 2009: Southern Star Announces Discovery At L. Moore 20-1 Well In Sentell Field, Bossier Parish, Louisiana 132
7.5 Drilling and Production Updates 133
7.5.1 Mar 09, 2009: ExxonMobil To Produce Four Million Bpd Of Oil And Gas In 2009 133
7.5.2 Mar 09, 2009: Victory Energy Updates On Canyon Sandstone Natural Gas Field In Texas Permian Basin 134
7.5.3 Mar 08, 2009: ExxonMobil To Raise Gas Production In Colorado 134
7.5.4 Mar 06, 2009: Enhanced Oil Activates Crossroads No. 202 Well In Lea County, New Mexico 135
7.5.5 Mar 05, 2009: Leni Gas & Oil Provides Production Update 136
7.5.6 Mar 05, 2009: Samson Oil & Gas Updates On Leonard #1-23H Well In Williston Basin, North Dakota 137
7.5.7 Mar 04, 2009: Amadeus Energy Announces Testing Results Of Lyles #1 Well At Longville, Louisiana 138
7.5.8 Mar 03, 2009: Cabot Oil & Gas Completes Drilling Horizontal Wells In Marcellus Play, Eastern Pennsylvania 138
7.5.9 Mar 02, 2009: Approach Resources Reports Year-End 2008 Reserves 139
7.5.10 Mar 02, 2009: Kentucky USA Energy Reaches Total Depth On Francis Grace #3 In US 141
7.6 Financial Announcements 142
7.6.1 Mar 06, 2009: Rex Energy Reports Q4 2008 Results 142
7.6.2 Mar 06, 2009: DTE Energy Declares Dividend 144
7.6.3 Mar 05, 2009: Harvest Natural Resources Reports Q4 2008 Results 144
7.6.4 Mar 05, 2009: Teton Energy Reports 2008 Results 147
7.6.5 Mar 05, 2009: Venoco Reports 2008 Results 150
7.7 Other Significant Developments 153
7.7.1 Mar 09, 2009: ENI Oil and Gas Delays Nikaitchuq Offshore Project In Alaska 153
7.7.2 Mar 09, 2009: ExxonMobil To Elect New Senior Vice President 155
7.7.3 Mar 09, 2009: GMX Resources Reduces CAPEX For 2009 156
7.7.4 Mar 09, 2009: Pacific Energy Resources Files Petition For Chapter 11 Of Bankruptcy Code 157
7.7.5 Mar 05, 2009: BNK Petroleum Provides Operational Update 157
8 Appendix 159
8.1 Methodology 159
8.1.1 Coverage 160
8.1.2 Secondary Research 161
8.1.3 Primary Research 161
8.1.4 E&P Forecasts 161
8.1.5 Midstream Forecasts 163
8.1.6 Expert Panel Validation 163
8.2 Contact Us 163
8.3 About GlobalData 164
8.4 Disclaimer 164
1.1 List of Tables
Table 1: US Gulf of Mexico, Total Crude Oil Production (MMBBLs), 2001-2008 11
Table 2: US Gulf of Mexico, Total Natural Gas Production (MMcf), 2001-2008 12
Table 3: US Gulf o f Mexico, Crude Oil Production (MMBBLs), by Assets, 2001-2008 13
Table 4: US Gulf of Mexico, Major Natural Gas Production (MMcf), by Assets, 2001-2008 16
Table 5: US Gulf of Mexico, Crude Oil Production (MMBBLs), by Company, 2001-2008 19
Table 6: US Gulf of Mexico, Natural Gas Production (MMcf), by Company, 2001-2008 21
Table 7: Gulf of Mexico, Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2015 23
Table 8: Gulf of Mexico, Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2015, (Contd.) 24
Table 9: Gulf of Mexico, Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2015, (Contd.) 25
Table 10: Gulf of Mexico, Natural Gas Production (MMcf), Forecast by Assets, 2009-2015 26
Table 11: Gulf of Mexico, Natural Gas Production (MMcf), Forecast by Assets, 2009-2015, (Contd.) 27
Table 12: Gulf of Mexico, Natural Gas Production (MMcf), Forecast by Assets, 2009-2015, (Contd.) 28
Table 13: US Gulf of Mexico, Oil Field Assets Details 28
Table 14: US Gulf of Mexico, Oil Field Assets Details 28
Table 15: US Gulf of Mexico, Gas Field Assets Details 29
Table 16: US Gulf of Mexico, Gas Field Assets Details 29
Table 17: US Gulf of Mexico, Total Active Exploration Blocks, 2001-2008 29
Table 18: US Gulf of Mexico, Exploration Active Blocks by Company, 2001-2008 30
Table 19: US Gulf of Mexico, Oil and Gas Exploration Details 31
Table 20: British Petroleum Plc, Key Facts 35
Table 21: British Petroleum Plc, SWOT Analysis 45
Table 22: British Petroleum Plc, Revenue by Segment, USD Million, 2003-2007 50
Table 23: British Petroleum Plc, Revenue by Geography, USD Million, 2003-2007 51
Table 24: British Petroleum Plc, Financial Statements, USD Million, 2003-2007 51
Table 25: British Petroleum Plc, Financial Ratios, USD Million, 2003-2007 52
Table 26: ConocoPhillips, Key Facts 53
Table 27: ConocoPhillips, SWOT Analysis 64
Table 28: ConocoPhillips, Revenue by Segment, USD Million, 2003-2007 69
Table 29: ConocoPhillips, Revenue by Geography, USD Million, 2003-2007 70
Table 30: ConocoPhillips, Financial Statements, USD Million, 2003-2007 70
Table 31: ConocoPhillips, Financial Ratios, USD Million, 2003-2007 71
Table 32: Exxon Mobil Corporation, Key Facts 72
Table 33: Exxon Mobil Corporation, SWOT Analysis 81
Table 34: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 88
Table 35: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 89
Table 36: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 90
Table 37: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 91
Table 38: Total Acquires 50% Stake In American Shale Oil From IDT 92
Table 39: Mogul Energy Announces Agreement To Acquire 40% Interest In Excelaron 93
Table 40: Delta Petroleum Announces Rights Offering Of Convertible Preferred Stock For $175 Million 94
Table 41: Petrohawk Energy Prices Public Offering Of 22 Million Shares For $385 Million 96
Table 42: Berry Petroleum Files Shelf Registration Statement To Raise $750 Million 98
Table 43: BPZ Energy Completes Private Placement Of Common Stock For $43.6 Million 100
Table 44: Magellan Petroleum Announces Equity Investment Of $10 Million 102
Table 45: Williams Companies Completes Private Placement Of 8.75% Senior Notes For $600 Million 104
Table 46: Plains Exploration & Production Prices Public Offering Of 10% Senior Notes For $365 Million 105
Table 47: Anadarko Petroleum Prices Public Offering Of 7.62% Senior Notes For $500 Million 107
Table 48: Anadarko Petroleum Prices Public Offering Of 8.7% Senior Notes For $600 Million 108
Table 49: Noble Energy Announces Public Offering Of 8.25% Notes For $1,000 Million 109
Table 50: DCP Midstream Completes Private Placement Of 9.75% Notes For $450 Million 110
Table 51: Forest Oil Prices Senior Notes Offering Of $600 Million 111
Table 52: Marathon Oil Prices $700 Million Public Offering Of 6.5% Senior Notes Due 2014 112
Table 53: Marathon Oil Prices $800 Million Public Offering Of 7.5% Senior Notes Due 2019 114
Table 54: Denbury Resources Announces Pricing Of $420 Million Of Senior Subordinated Notes 116
Table 55: Blugrass Energy Plans To Form A Joint Venture In Eastern Kentucky 117
Table 56: Enhanced Oil Resources To Form Joint Venture With Tristone Capital 118
Table 57: EPiC Energy Resources Sells Its Interest In Natural Gas Field 119
Table 58: Berry Petroleum To Sell Its Non-Core Assets In Northeastern Colorado For $154 Million 120
Table 59: Precision Petroleum To Acquire Interest In Four Producing Wells In Oklahoma 121
Table 60: GE Energy To Acquire ATP Innovator Floating Oil And Gas Production Unit 122
Table 61: Nighthawk Energy Completes Acquisition Of Well In Jolly Ranch Group Project 123
Table 62: South Texas Oil To Sell Its Colorado DJ Basin Properties And Its Unit 124
Table 63: Aspen Exploration And Gold Coast Resources To Sell Oil And Gas Assets To Venoco 125
Table 64: Aeon Holdings Acquires Interest In Mineral Leases From Green Star Energies 126
Table 65: EGPI/Firecreek To Acquire New Oil And Gas Projects In Texas 127
1.2 List of Figures
Figure 1: US Gulf of Mexico, Exploration and Production Assets Map, 2008 10
Figure 2: US Gulf of Mexico, Total Crude Oil Production (MMBBLs), 2001-2008 11
Figure 3: US Gulf of Mexico, Total Natural Gas Production (MMcf), 2001-2008 12
Figure 4: British Petroleum Plc, Value Chain Analysis 41
Figure 5: ConocoPhillips, Value Chain Analysis 60
Figure 6: Exxon Mobil Corporation, Value Chain Analysis 78
Figure 7: GlobalData Methodology 160