1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 US California Energy Sector 11
2.1 US California Energy Sector, Market Overview 11
2.2 US California Energy Sector, Natural Gas 12
2.2.1 US California Natural Gas, Overview 12
2.2.2 US California Natural Gas, Supply and Demand Balance 12
2.2.3 US California Natural Gas, Regulatory Structure 16
2.2.4 US California Natural Gas, Infrastructure 16
3 US California Fiscal Regime 18
3.1 US California Petroleum Fiscal Environment 18
3.2 License Terms 18
3.3 Key Fiscal Terms 19
3.4 Sample Cashflows Calculations 21
4 US California Upstream Investment Environment Benchmarking 22
4.1 Introduction 22
4.2 The Overall Ranking 22
4.3 Upstream Fiscal Attractiveness 22
4.3.1 Revenue Protection 24
4.3.2 Fiscal Flexibility 24
4.4 Gas Sector Performance 24
4.4.1 Gas Production 26
4.4.2 Gas Reserves 27
4.4.3 Gas Consumption 27
5 US California Exploration and Production Sector 28
5.1 US California Exploration and Production Sector, Country Snapshot 28
5.1.1 US California Exploration and Production Sector, Key Data 28
5.1.2 US California Exploration and Production Sector, Natural Gas Assets Map 28
5.2 US California Exploration and Production Sector, Marketed Natural Gas Production 29
5.2.1 US California Exploration and Production Sector, Marketed Natural Gas-Historical Production 29
5.2.2 US California Exploration and Production Sector, Marketed Natural Gas Production by Assets 30
5.2.3 US California Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 33
5.2.4 US California Exploration and Production Sector, Market Share (%) based on Marketed Natural Gas Production 36
5.3 US California Exploration and Production Sector, Marketed Natural Gas Forecasts 37
5.3.1 US California Exploration and Production Sector, Marketed Natural Gas Forecasted Production 37
5.4 US California Exploration And Production Sector, Natural Gas Asset Details 40
5.4.1 US California Exploration And Production Sector, Planned Natural Gas Asset Details 44
6 US California Pipeline Sector 45
6.1 US California Pipeline Sector, Key Data 45
6.2 US California Pipeline Sector, An Overview 45
6.3 US California Pipeline Sector, Natural Gas Pipelines 45
7 US California LNG Sector 46
7.1 US California LNG Sector, Overview 46
7.2 US California LNG Sector, Regasification 46
7.2.1 US California LNG Sector, Regasification, Total Regasification Capacity 46
7.2.2 US California LNG Sector, Asset- Wise Regasification Capacity 47
8 US California Under Ground Gas Storage Sector 48
8.1 US California Under Ground Storage Sector, Key Data 48
8.2 US California Underground Gas Storage Sector, An Overview 48
8.3 US California Underground Gas Storage Sector, Storage Capacity 49
9 Profile of BP p.l.c. 50
9.1 BP p.l.c., Key Information 50
9.2 BP p.l.c., Company Overview 50
9.3 BP p.l.c., Business Description 50
9.3.1 BP p.l.c., Business Description, Business Overview 50
9.3.2 BP p.l.c., Business Description, Exploration and Production 51
9.3.3 BP p.l.c., Business Description, Other Businesses and Corporate Segment 52
9.3.4 BP p.l.c., Business Description, Refining and Marketing 53
9.4 BP p.l.c., Value Chain Analysis 55
9.4.1 BP p.l.c., Value Chain Analysis, Upstream 56
9.4.2 BP p.l.c., Value Chain Analysis, Midstream 56
9.4.3 BP p.l.c., Value Chain Analysis, Downstream 57
9.4.4 BP p.l.c., Value Chain Analysis, Retail 57
9.5 BP p.l.c., SWOT Analysis 57
9.5.1 BP p.l.c., SWOT Analysis, Overview 57
9.5.2 BP p.l.c., SWOT Analysis, Strengths 58
9.5.3 BP p.l.c., SWOT Analysis, Weaknesses 59
9.5.4 BP p.l.c., SWOT Analysis, Opportunities 59
9.5.5 BP p.l.c., SWOT Analysis, Threats 60
9.6 BP p.l.c., Revenue Analysis 61
9.6.1 BP p.l.c., Revenue by Segment 61
9.6.2 BP p.l.c., Revenue by Geography 62
9.7 BP p.l.c., Financial and Operational Review 63
9.7.1 Financial Statements 63
9.7.2 Financial Ratios 64
10 Profile of ConocoPhillips 65
10.1 ConocoPhillips, Key Information 65
10.2 ConocoPhillips, Company Overview 65
10.3 ConocoPhillips, Business Description 65
10.3.1 ConocoPhillips, Business Description, Business Overview 65
10.3.2 ConocoPhillips, Business Description, Chemicals Segment 66
10.3.3 ConocoPhillips, Business Description, Emerging Businesses Segment 66
10.3.4 ConocoPhillips, Business Description, Exploration and Production Segment 68
10.3.5 ConocoPhillips, Business Description, LUKOIL Investment 69
10.3.6 ConocoPhillips, Business Description, Midstream Segment 69
10.3.7 ConocoPhillips, Business Description, Refining, Marketing and Transportation 70
10.4 ConocoPhillips, Value Chain Analysis 72
10.4.1 ConocoPhillips, Value Chain Analysis, Upstream 72
10.4.2 ConocoPhillips, Value Chain Analysis, Midstream 73
10.4.3 ConocoPhillips, Value Chain Analysis, Downstream 74
10.4.4 ConocoPhillips, Value Chain Analysis, Retail 75
10.5 ConocoPhillips, SWOT Analysis 75
10.5.1 ConocoPhillips, SWOT Analysis, Overview 75
10.5.2 ConocoPhillips, SWOT Analysis, Strengths 76
10.5.3 ConocoPhillips, SWOT Analysis, Weaknesses 77
10.5.4 ConocoPhillips, SWOT Analysis, Opportunities 77
10.5.5 ConocoPhillips, SWOT Analysis, Threats 78
10.6 ConocoPhillips, Revenue Analysis 79
10.7 ConocoPhillips, Revenue Analysis, Revenue by Segment 80
10.7.1 ConocoPhillips, Revenue Analysis, Revenue by Geography 80
10.8 ConocoPhillips, Financial and Operational Review 82
10.8.1 Financial Statements 82
10.8.2 Financial Ratios 83
11 Profile of Exxon Mobil Corporation 84
11.1 Exxon Mobil Corporation, Key Information 84
11.2 Exxon Mobil Corporation, Company Overview 84
11.3 Exxon Mobil Corporation, Business Description 84
11.3.1 Exxon Mobil Corporation, Business Description, Business Overview 84
11.3.2 Exxon Mobil Corporation, Business Description, Chemical 84
11.3.3 Exxon Mobil Corporation, Business Description, Downstream 86
11.3.4 Exxon Mobil Corporation, Business Description, Upstream 87
11.4 Exxon Mobil Corporation, Value Chain Analysis 89
11.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 89
11.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 90
11.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 91
11.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 91
11.5 Exxon Mobil Corporation, SWOT Analysis 92
11.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 92
11.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 93
11.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 94
11.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 95
11.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 97
11.6 Exxon Mobil Corporation, Revenue Analysis 98
11.6.1 Exxon Mobil Corporation, Revenue by Segment 98
11.6.2 Exxon Mobil Corporation, Revenue by Geography 99
11.7 Exxon Mobil Corporation, Financial and Operational Review 101
11.7.1 Financial Statements 101
11.7.2 Financial Ratios 102
12 Financial Deals Landscape 103
12.1 Detailed Deal Summary 103
12.1.1 Acquisition 103
12.1.2 Private Equity 110
12.1.3 Equity Offerings 113
12.1.4 Debt Offerings 120
12.1.5 Partnerships 127
12.1.6 Asset Transactions 129
13 Recent Developments 136
13.1 License Rounds 136
13.1.1 Jun 11, 2009: BLM Delays Oil, Gas Lease Sales In South County 136
13.2 License Awards 137
13.2.1 Jun 16, 2009: Tricor Ten Section Files Application With FERC For Gas Storage Facility In Kern County, California 137
13.2.2 Jun 11, 2009: ELK Petroleum Receives APD Approval For Grieve #39A Well In Wyoming 138
13.2.3 Jun 08, 2009: ATP Oil & Gas Wins Green Canyon Block 344 In Central Gulf Of Mexico Offshore Lease Sale 208 138
13.3 Strategy and Business Expansion 138
13.3.1 Jun 04, 2009: Valero Energy Suspends Hydrocracker Project At Its Port Arthur Refinery In Texas 138
13.3.2 Jun 01, 2009: Kinder Morgan Energy Announces Open Season For Crude Oil Shipments On Cochin Pipeline 139
13.3.3 Jun 01, 2009: Tricor Ten Section Announces Non-Binding Open Season For Natural Gas Storage Facility In California 140
13.3.4 May 28, 2009: Cabot Oil & Gas Opens New Regional Office In Pittsburgh 140
13.4 Recent Discoveries 141
13.4.1 Jun 17, 2009: American Energy Resources Strikes Oil At Bonita Springs 4A Well In Gove County, Kansas 141
13.4.2 Jun 09, 2009: Antares Energy Finds Gas At Frances Dilworth No. 2 Well In McMullen County, Texas 142
13.4.3 Jun 04, 2009: KFG Resources Discovers Oil At Fayette Field In Jefferson County, Mississippi 144
13.4.4 Jun 03, 2009: American Energy Resources Finds Oil Reserve In Lane County, Kansas 144
13.4.5 Jun 02, 2009: Stone Energy Announces Deepwater Discovery In Pyrenees Prospect, Gulf Of Mexico 145
13.5 Drilling and Production Updates 145
13.5.1 Jun 16, 2009: American Petro-Hunter To Place #1 Lutters Well Into Production 145
13.5.2 Jun 16, 2009: Daytona Energy's Walker #1H Well Flowing Gas To Sales 146
13.5.3 Jun 15, 2009: Golden Gate Petroleum Updates On Jumonville #2 Bullseye Prospect In Iberville Parish, Louisiana 146
13.5.4 Jun 15, 2009: Pryme Oil and Gas Commences Production From Crosby 16 No.1 Well In Four Rivers Project, Louisiana 147
13.5.5 Jun 15, 2009: Harvest Natural Resources Begins Drilling Operations At Bar F No. 1-20-3-2 Well In Antelope Project, Utah 149
13.6 Financial Announcements 149
13.6.1 Jun 15, 2009: Green Star Energies Posts $1.67 Million Net Gain In Q1 2009 149
13.6.2 May 21, 2009: Beard Reports Net Loss Of $266,000 In Q1 2009 150
13.6.3 May 20, 2009: PrimeEnergy Posts Net Loss Of $3.5 Million In Q1 2009 151
13.6.4 May 19, 2009: John D. Oil and Gas Posts Revenue Of $1.4 Million In Q1 2009 151
13.6.5 May 18, 2009: Frontera Resources Reports $7.9 Million Net Loss In Q1 2009 152
13.7 Other Significant Developments 155
13.7.1 Jun 16, 2009: GMX Resources Provides Operations Update 155
13.7.2 Jun 16, 2009: StatoilHydro Signs LNG Deal With RasGas For Cove Point Terminal In US 156
13.7.3 Jun 16, 2009: Duke Energy Appoints Lynn J. Good As Group Executive And CFO 156
13.7.4 Jun 16, 2009: Energy Partners Wins Court Approval For Its Disclosure Statement 157
13.7.5 Jun 15, 2009: Circumpacific Energy President Peter Simpson Resigns 158
13.8 New Contracts Announcements 158
13.8.1 Jun 16, 2009: ForeRunner Wins Three Natural Gas Storage Projects In Western US 158
13.8.2 Jun 10, 2009: Clean Energy Wins Natural Gas Fuel Supply Contract From City Of Phoenix Public Transit Department 159
14 Appendix 160
14.1 Methodology 160
14.1.1 Coverage 161
14.1.2 Secondary Research 162
14.1.3 Primary Research 162
14.1.4 E&P Forecasts 162
14.1.5 Midstream Forecasts 164
14.1.6 Expert Panel Validation 164
14.2 Contact Us 164
14.3 About GlobalData 165
14.4 Disclaimer 165