Table of Contents
1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 US Oklahoma Energy Sector 12
2.1 US Oklahoma Energy Sector, Market
Overview 12
2.2 US Oklahoma Energy Sector, Crude Oil 13
2.2.1 US
Oklahoma Crude Oil, Overview 13
2.2.2 US Oklahoma Crude Oil, Supply and
Demand Balance 13
2.2.3 US Oklahoma Crude Oil, Regulatory Structure 17
2.2.4 US Oklahoma Crude Oil, Infrastructure 17
3 US Oklahoma Fiscal
Environment 19
3.1 US Oklahoma Petroleum Fiscal Environment 19
3.2
License Terms 19
3.3 Key Fiscal Terms 20
3.4 Sample Cashflows
Calculations 22
4 US Oklahoma Oil Upstream Investment Environment
Benchmarking 23
4.1 Introduction 23
4.2 The Overall Ranking 23
4.3
Upstream Fiscal Attractiveness 23
4.3.1 Revenue Protection 25
4.3.2
Fiscal Flexibility 25
4.4 Oil Sector Performance 25
4.4.1 Oil
Production 27
4.4.2 Oil Reserves 28
4.4.3 Oil Consumption 28
4.4.4
Refining Industry 28
5 US Oklahoma Exploration and Production Sector
29
5.1 US Oklahoma Exploration and Production Sector, Country Snapshot
29
5.1.1 US Oklahoma Exploration and Production Sector, Key Data 29
5.1.2 US Oklahoma Exploration and Production Sector, Crude Oil Assets Map
29
5.2 US Oklahoma Exploration and Production Sector, Gross Crude Oil
Production 30
5.2.1 US Oklahoma Exploration and Production Sector, Gross
Crude Oil-Historical Production 30
5.2.2 US Oklahoma Exploration and
Production Sector, Gross Crude Oil Production by Assets 31
5.2.3 US
Oklahoma Exploration and Production Sector, Gross Equity Weighted Crude Oil
Production by Company 31
5.2.4 US Oklahoma Exploration and Production
Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production
32
5.3 US Oklahoma Exploration and Production Sector, Gross Crude Oil
Forecasts 33
5.3.1 US Oklahoma Exploration and Production Sector, Gross
Crude Oil Forecasted Production 33
5.4 US Oklahoma Exploration And
Production Sector, Crude Oil Asset Details 34
5.4.1 US Oklahoma
Exploration And Production Sector, Crude Oil Asset Details 34
5.4.2 US
Oklahoma Exploration And Production Sector, Planned Crude Oil Asset Details
34
6 US Oklahoma Pipeline Sector 35
6.1 US Oklahoma Pipeline Sector,
Key Data 35
6.2 US Oklahoma Pipeline Sector, An Overview 35
6.3 US
Oklahoma Pipeline Sector, Crude Oil Pipelines 36
6.4 US Oklahoma Pipeline
Sector, Petroleum Product Pipelines 38
7 US Oklahoma Refining Sector
40
7.1 US Oklahoma Refining Sector, Key Data 40
7.2 US Oklahoma
Refining Sector, An Overview 40
7.2.1 US Oklahoma Refining Sector, Total
Refining Capacity 40
7.3 US Oklahoma Refining Sector, Crude Distillation
Unit Capacity 41
7.4 US Oklahoma Refining Sector, Coking Capacity 42
7.5 US Oklahoma Refining Sector, Fluid Catalytic Cracking Capacity 42
7.6
US Oklahoma Refining Sector, Hydrocracking Capacity 42
8 US Oklahoma Oil
and Chemicals Storage Sector 43
8.1 US Oklahoma Oil and Chemicals Storage
Sector, Key Data 43
8.2 US Oklahoma Oil and Chemicals Storage Sector, An
Overview 43
8.2.1 US Oklahoma Oil and Chemicals Storage Sector, Total
Storage Capacity 43
8.3 US Oklahoma Oil and Chemicals Storage Sector,
Storage Capacity 45
9 Profile of BP p.l.c. 46
9.1 BP p.l.c., Key
Information 46
9.2 BP p.l.c., Company Overview 46
9.3 BP p.l.c.,
Business Description 46
9.3.1 BP p.l.c., Business Description, Business
Overview 46
9.3.2 BP p.l.c., Business Description, Exploration and
Production 47
9.3.3 BP p.l.c., Business Description, Other Businesses and
Corporate Segment 48
9.3.4 BP p.l.c., Business Description, Refining and
Marketing 49
9.4 BP p.l.c., Value Chain Analysis 52
9.4.1 BP p.l.c.,
Value Chain Analysis, Upstream 52
9.4.2 BP p.l.c., Value Chain Analysis,
Midstream 53
9.4.3 BP p.l.c., Value Chain Analysis, Downstream 53
9.4.4 BP p.l.c., Value Chain Analysis, Retail 54
9.5 BP p.l.c., SWOT
Analysis 54
9.5.1 BP p.l.c., SWOT Analysis, Overview 54
9.5.2 BP
p.l.c., SWOT Analysis, Strengths 55
9.5.3 BP p.l.c., SWOT Analysis,
Weaknesses 56
9.5.4 BP p.l.c., SWOT Analysis, Opportunities 56
9.5.5
BP p.l.c., SWOT Analysis, Threats 57
9.6 BP p.l.c., Revenue Analysis
58
9.6.1 BP p.l.c., Revenue by Segment 58
9.6.2 BP p.l.c., Revenue by
Geography 59
9.7 BP p.l.c., Financial and Operational Review 60
9.7.1
Financial Statements 60
9.7.2 Financial Ratios 61
10 Profile of
ConocoPhillips 62
10.1 ConocoPhillips, Key Information 62
10.2
ConocoPhillips, Company Overview 62
10.3 ConocoPhillips, Business
Description 62
10.3.1 ConocoPhillips, Business Description, Business
Overview 62
10.3.2 ConocoPhillips, Business Description, Chemicals Segment
63
10.3.3 ConocoPhillips, Business Description, Emerging Businesses
Segment 63
10.3.4 ConocoPhillips, Business Description, Exploration and
Production Segment 65
10.3.5 ConocoPhillips, Business Description, LUKOIL
Investment 66
10.3.6 ConocoPhillips, Business Description, Midstream
Segment 66
10.3.7 ConocoPhillips, Business Description, Refining,
Marketing and Transportation 67
10.3.8 ConocoPhillips, Business
Description, Major Products and Services 68
10.4 ConocoPhillips, Value
Chain Analysis 69
10.4.1 ConocoPhillips, Value Chain Analysis, Upstream
69
10.4.2 ConocoPhillips, Value Chain Analysis, Midstream 70
10.4.3
ConocoPhillips, Value Chain Analysis, Downstream 71
10.4.4 ConocoPhillips,
Value Chain Analysis, Retail 72
10.5 ConocoPhillips, SWOT Analysis 72
10.5.1 ConocoPhillips, SWOT Analysis, Overview 72
10.5.2 ConocoPhillips,
SWOT Analysis, Strengths 73
10.5.3 ConocoPhillips, SWOT Analysis,
Weaknesses 74
10.5.4 ConocoPhillips, SWOT Analysis, Opportunities 74
10.5.5 ConocoPhillips, SWOT Analysis, Threats 75
10.6 ConocoPhillips,
Revenue Analysis 76
10.7 ConocoPhillips, Revenue Analysis, Revenue by
Segment 77
10.7.1 ConocoPhillips, Revenue Analysis, Revenue by Geography
77
10.8 ConocoPhillips, Financial and Operational Review 79
10.8.1
Financial Statements 79
10.8.2 Financial Ratios 80
11 Profile of Exxon
Mobil Corporation 81
11.1 Exxon Mobil Corporation, Key Information 81
11.2 Exxon Mobil Corporation, Company Overview 81
11.3 Exxon Mobil
Corporation, Business Description 81
11.3.1 Exxon Mobil Corporation,
Business Description, Business Overview 81
11.3.2 Exxon Mobil Corporation,
Business Description, Chemical 81
11.3.3 Exxon Mobil Corporation, Business
Description, Downstream 83
11.3.4 Exxon Mobil Corporation, Business
Description, Upstream 84
11.4 Exxon Mobil Corporation, Value Chain
Analysis 86
11.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream
87
11.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 87
11.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 88
11.4.4
Exxon Mobil Corporation, Value Chain Analysis, Retail 88
11.5 Exxon Mobil
Corporation, SWOT Analysis 89
11.5.1 Exxon Mobil Corporation, SWOT
Analysis, Overview 89
11.5.2 Exxon Mobil Corporation, SWOT Analysis,
Strengths 90
11.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses
92
11.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 93
11.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 95
11.6 Exxon Mobil
Corporation, Revenue Analysis 96
11.6.1 Exxon Mobil Corporation, Revenue
by Segment 96
11.6.2 Exxon Mobil Corporation, Revenue by Geography 97
11.7 Exxon Mobil Corporation, Financial and Operational Review 99
11.7.1
Financial Statements 99
11.7.2 Financial Ratios 100
12 Financial Deals
Landscape 101
12.1 Detailed Deal Summary 101
12.1.1 Acquisition
101
12.1.2 Private Equity 109
12.1.3 Equity Offerings 112
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 156
13.7.1 Jun 16, 2009: GMX Resources Provides
Operations Update 156
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
165
14.3 About GlobalData 165
14.4 Disclaimer 165
1.1 List of
Tables
Table 1: US Oklahoma, Historical and Forecasted Production and
Consumption of Crude Oil, 1996-2020 14
Table 2: US Oklahoma, Historical
Reserves of Crude Oil, 1996-2008 16
Table 3: US, Investment Benchmarking,
Overall State Rankings, April 2008 23
Table 4: US, Investment
Benchmarking, Upstream Fiscal Attractiveness, April 2008 24
Table 5: US,
Investment Benchmarking, Oil Sector Performance, April 2008 25
Table 6: US
Oklahoma, Crude Oil Key Statistics, 2008 29
Table 7: US Oklahoma, Total
Gross Crude Oil Production (MMBBLs), 2001-2008 30
Table 8: US Oklahoma,
Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 31
Table 9: US
Oklahoma, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company,
2001-2008 31
Table 10: US Oklahoma, Market Share (%) based on Gross Equity
Weighted Crude Oil Production, 2001-2008 32
Table 11: US Oklahoma, Gross
Crude Oil Production(MMBBLs), Forecasts by Assets, 2009-2015 33
Table 12:
US Oklahoma, Oil Field Assets Details 34
Table 13: US Oklahoma, Planned
Oil Field Assets Details 34
Table 14: US Oklahoma, Pipeline Key
Statistics, 2008 35
Table 15: US Oklahoma, Crude Oil Pipelines, 2008
36
Table 16: US Oklahoma, Crude Oil Pipelines, 2008
(Contd — ) 37
Table 17: US Oklahoma, Petroleum Products
Pipelines, 2008 38
Table 18: US Oklahoma, Petroleum Products Pipelines,
2008 (Contd — ) 39
Table 19: US Oklahoma, Refinery Key
Statistics, 2008 40
Table 20: US Oklahoma, Total Refining Capacity
(MMTPA), 2000- 2013 40
Table 21: US Oklahoma, Crude Distillation Unit
Capacity (MMTPA), 2000-2013 41
Table 22: US Oklahoma, Coking Unit Capacity
(MMTPA), 2000-2013 42
Table 23: US Oklahoma, Fluid Catalytic Cracking Unit
Capacity (MMTPA), 2000-2013 42
Table 24: US Oklahoma, Hydrocracking Unit
Capacity (MMTPA), 2000-2013 42
Table 25: US Oklahoma, Oil and Chemicals
Storage Key Statistics, 2008 43
Table 26: US Oklahoma, Total Oil and
Chemicals Storage Capacity (Thousand M3), 2000- 2013 43
Table 27: US
Oklahoma, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 45
Table 28: BP p.l.c., Key Facts 46
Table 29: BP p.l.c., SWOT Analysis
55
Table 30: BP p.l.c., Revenue by Segment, USD Million, 2003-2007 58
Table 31: BP p.l.c., Revenue by Geography, USD Million, 2003-2007 59
Table
32: BP p.l.c., Financial Statements, USD Million, 2003-2007 60
Table 33:
BP p.l.c., Financial Ratios, USD Million, 2003-2007 61
Table 34:
ConocoPhillips, Key Facts 62
Table 35: ConocoPhillips, SWOT Analysis
73
Table 36: ConocoPhillips, Revenue by Segment, USD Million,
2003-2007 77
Table 37: ConocoPhillips, Revenue by Geography, USD
Million, 2003-2007 78
Table 38: ConocoPhillips, Financial Statements,
USD Million, 2003-2007 79
Table 39: ConocoPhillips, Financial Ratios,
USD Million, 2003-2007 80
Table 40: Exxon Mobil Corporation, Key
Facts 81
Table 41: Exxon Mobil Corporation, SWOT Analysis 90
Table 42: Exxon Mobil Corporation, Revenue by Segment, USD Million,
2003-2007 96
Table 43: Exxon Mobil Corporation, Revenue by Geography,
USD Million, 2003-2007 98
Table 44: Exxon Mobil Corporation,
Financial Statements, USD Million, 2003-2007 99
Table 45: Exxon Mobil
Corporation, Financial Ratios, USD Million, 2003-2007 100
Table 46: Forest
Gate Resources Terminates Acquisition Of 90% Stake In Atlantis Deepwater
Production And Impact Exploration & Production 101
Table 47: Ford Spoleti
Holdings Acquires Eagle Oil Holding 102
Table 48: Lighthouse Petroleum
Acquires 20% Ownership Stake In Williston Basin Acquisition 103
Table 49:
Spectra Energy Partners Acquires NOARK Pipeline System From Atlas Pipeline
Partners 104
Table 50: Doral Energy To Acquire Two Unnamed Permian Basin
Oil And Gas Corporations 106
Table 51: AMG Oil To Acquire Adira Energy
107
Table 52: TEPPCO Partners Rejects Bid From Enterprise Products
Partners 108
Table 53: KKR Invests $350 Million In East Resources 109
Table 54: U.S. Drilling Capital Management To Invest In Development Drilling
Activities Of SandRidge Energy 110
Table 55: MarkWest Energy To Acquire
50% Interest In Arkoma Connector Pipeline 111
Table 56: EV Energy Partners
Completes Public Offering Of Common Units For $82.11 Million 112
Table 57:
Whiting Petroleum Prices Public Offering Of Convertible Perpetual Preferred
Stock For $300 Million 114
Table 58: ONEOK Partners Prices Common Units
Public Offering For $229.05 Million 116
Table 59: FairWest Announces
Private Placement Of $1.77 Million 117
Table 60: Duncan Energy Partners
Prices Public Offering Of Common Units For $128 Million 118
Table 61:
Quicksilver Resources Announces Public Offering Of Senior Notes For $425
Million 120
Table 62: South Texas Oil Issues 14% Secured Convertible Notes
Due In 2011 For $0.56 Million 121
Table 63: Mariner Energy Issues 11.75%
Senior Unsecured Notes Offering For $300 Million 122
Table 64: Dominion
Resources Completes 8.37% Debenture Offering For $625 Million 123
Table
65: Anadarko Petroleum Prices 5.75% Senior Notes Offering For $275 Million
124
Table 66: Anadarko Petroleum Prices 6.95% Senior Notes Offering For
$300 Million 125
Table 67: Western Refining Issues Senior Secured Floating
Rate Notes For $275 Million 126
Table 68: EnerJex Resources Enters Into A
Joint Venture With Pharyn Resources 127
Table 69: Atlas Pipeline Partners
Forms Joint Venture With The Williams Companies 128
Table 70: Nighthawk
Production And Running Foxes Terminate The Sale Of 20% Interest In Jolly Ranch
Project 129
Table 71: TransCanada Pipelines To Acquire Remaining Interest
Of ConocoPhillips In Keystone Pipeline 130
Table 72: Bill Barrett Acquires
Piceance Basin Acreage For $60 Million 131
Table 73: Precision Petroleum
To Acquire 88% Of Producing Well In Pottawatomie County, Oklahoma 132
Table 74: Miller Petroleum Acquires 35,325 Shale Acres And 173 Wells In
Tennessee 133
Table 75: BayHill Capital To Acquire Oil and Gas Properties
For $23.54 Million 134
1.2 List of Figures
Figure 1: US Oklahoma
Energy Sector Break-up, 2008 12
Figure 2: US Oklahoma, Crude Oil
Production And Consumption, Thousand Barrels Per Day, 1996-2020 15
Figure
3: US Oklahoma, Crude Oil Reserves, Million Barrels, 1996-2008 17
Figure
3: US Oklahoma, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample
Cashflows, 2005-2016 22
Figure 4: US, State Standings, Upstream Fiscal
Attractiveness, April 2008 24
Figure 5: US, State Standings, Oil Sector
Performance, by Reserves & Production, April 2008 26
Figure 6: US, State
Standings, Oil Sector Performance, by Production-Consumption & Refining, April
2008 27
Figure 7: US Oklahoma, Crude Oil Assets Map, 2008 29
Figure 8:
US Oklahoma, Total Gross Crude Oil Production (MMBBLs), 2001-2008 30
Figure 9: US Oklahoma, Gross Equity Weighted Crude Oil Production (MMBBLs),of
Major Companies, 2001-2008 32
Figure 10: US Oklahoma, Market Share (%)
based on Gross Equity Weighted Crude Oil Production, 2008 33
Figure 11: US
Oklahoma, Total Refining Capacity (MMTPA), 2000- 2013 41
Figure 12: US
Oklahoma, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013
44
Figure 13: BP p.l.c., Value Chain Analysis 52
Figure 14:
ConocoPhillips, Value Chain Analysis 69
Figure 15: Exxon Mobil
Corporation, Value Chain Analysis 86
Figure 16: GlobalData Methodology
161
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