Table of Contents
1 Table of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 US Nebraska Energy Sector 11
2.1 US Nebraska Energy Sector, Market
Overview 11
2.2 US Nebraska Energy Sector, Crude Oil 12
2.2.1 US
Nebraska Crude Oil, Overview 12
2.2.2 US Nebraska Crude Oil, Supply and
Demand Balance 12
2.2.3 US Nebraska Crude Oil, Regulatory Structure 16
2.2.4 US Nebraska Crude Oil, Infrastructure 16
3 US Nebraska Fiscal Regime
17
3.1 US Nebraska Petroleum Fiscal Environment 17
3.2 License Terms
17
3.3 Key Fiscal Terms 18
3.4 Sample Cashflows Calculations 20
4
US Nebraska Oil Upstream Investment Environment Benchmarking 21
4.1
Introduction 21
4.2 The Overall Ranking 21
4.3 Upstream Fiscal
Attractiveness 21
4.3.1 Revenue Protection 23
4.3.2 Fiscal Flexibility
23
4.4 Oil Sector Performance 23
4.4.1 Oil Production 25
4.4.2 Oil
Reserves 25
4.4.3 Oil Consumption 26
4.4.4 Refining Industry 26
5
US Nebraska Exploration and Production Sector 27
5.1 US Nebraska
Exploration and Production Sector, Country Snapshot 27
5.1.1 US Nebraska
Exploration and Production Sector, Key Data 27
5.1.2 US Nebraska
Exploration and Production Sector, Crude Oil Assets Map 27
5.2 US Nebraska
Exploration and Production Sector, Gross Crude Oil Production 28
5.2.1 US
Nebraska Exploration and Production Sector, Gross Crude Oil-Historical
Production 28
5.2.2 US Nebraska Exploration and Production Sector, Gross
Crude Oil Production by Assets 29
5.2.3 US Nebraska Exploration and
Production Sector, Gross Equity Weighted Crude Oil Production Company 31
5.2.4 US Nebraska Exploration and Production Sector, Market Share (%) based on
Gross Equity Weighted Crude Oil Production 33
5.3 US Nebraska Exploration
and Production Sector, Gross Crude Oil Forecasts 34
5.3.1 US Nebraska
Exploration and Production Sector, Gross Crude Oil Forecasted Production
34
5.4 US Nebraska Exploration And Production Sector, Crude Oil Asset
Details 36
5.4.1 US Nebraska Exploration And Production Sector, Active
Crude Oil Asset Details 36
6 US Nebraska Pipeline Sector 39
6.1 US
Nebraska Pipeline Sector, Key Data 39
6.2 US Nebraska Pipeline Sector, An
Overview 39
6.3 US Nebraska Pipeline Sector, Petroleum Product Pipelines
40
7 US Nebraska Oil and Chemicals Storage Sector 41
7.1 US Nebraska
Oil and Chemicals Storage Sector, Key Data 41
7.2 US Nebraska Oil and
Chemicals Storage Sector, An Overview 41
7.2.1 US Nebraska Oil and
Chemicals Storage Sector, Total Storage Capacity 41
7.3 US Nebraska Oil
and Chemicals Storage Sector, Storage Capacity 43
8 Profile of BP p.l.c.
44
8.1 BP p.l.c., Key Information 44
8.2 BP p.l.c., Company Overview
44
8.3 BP p.l.c., Business Description 44
8.3.1 BP p.l.c., Business
Description, Business Overview 44
8.3.2 BP p.l.c., Business Description,
Exploration and Production 45
8.3.3 BP p.l.c., Business Description, Other
Businesses and Corporate Segment 46
8.3.4 BP p.l.c., Business Description,
Refining and Marketing 47
8.4 BP p.l.c., Value Chain Analysis 49
8.4.1
BP p.l.c., Value Chain Analysis, Upstream 50
8.4.2 BP p.l.c., Value Chain
Analysis, Midstream 50
8.4.3 BP p.l.c., Value Chain Analysis, Downstream
50
8.4.4 BP p.l.c., Value Chain Analysis, Retail 51
8.5 BP p.l.c.,
SWOT Analysis 51
8.5.1 BP p.l.c., SWOT Analysis, Overview 51
8.5.2 BP
p.l.c., SWOT Analysis, Strengths 52
8.5.3 BP p.l.c., SWOT Analysis,
Weaknesses 53
8.5.4 BP p.l.c., SWOT Analysis, Opportunities 53
8.5.5
BP p.l.c., SWOT Analysis, Threats 54
8.6 BP p.l.c., Revenue Analysis
55
8.6.1 BP p.l.c., Revenue by Segment 55
8.6.2 BP p.l.c., Revenue by
Geography 56
8.7 BP p.l.c., Financial and Operational Review 57
8.7.1
Financial Statements 57
8.7.2 Financial Ratios 58
9 Profile of
ConocoPhillips 59
9.1 ConocoPhillips, Key Information 59
9.2
ConocoPhillips, Company Overview 59
9.3 ConocoPhillips, Business
Description 59
9.3.1 ConocoPhillips, Business Description, Business
Overview 59
9.3.2 ConocoPhillips, Business Description, Chemicals Segment
60
9.3.3 ConocoPhillips, Business Description, Emerging Businesses Segment
60
9.3.4 ConocoPhillips, Business Description, Exploration and Production
Segment 61
9.3.5 ConocoPhillips, Business Description, LUKOIL Investment
63
9.3.6 ConocoPhillips, Business Description, Midstream Segment 63
9.3.7 ConocoPhillips, Business Description, Refining, Marketing and
Transportation 64
9.3.8 ConocoPhillips, Business Description, Major
Products and Services 65
9.4 ConocoPhillips, Value Chain Analysis 66
9.4.1 ConocoPhillips, Value Chain Analysis, Upstream 66
9.4.2
ConocoPhillips, Value Chain Analysis, Midstream 67
9.4.3 ConocoPhillips,
Value Chain Analysis, Downstream 68
9.4.4 ConocoPhillips, Value Chain
Analysis, Retail 68
9.5 ConocoPhillips, SWOT Analysis 69
9.5.1
ConocoPhillips, SWOT Analysis, Overview 69
9.5.2 ConocoPhillips, SWOT
Analysis, Strengths 70
9.5.3 ConocoPhillips, SWOT Analysis, Weaknesses
71
9.5.4 ConocoPhillips, SWOT Analysis, Opportunities 71
9.5.5
ConocoPhillips, SWOT Analysis, Threats 72
9.6 ConocoPhillips, Revenue
Analysis 73
9.7 ConocoPhillips, Revenue Analysis, Revenue by Segment
73
9.7.1 ConocoPhillips, Revenue Analysis, Revenue by Geography 74
9.8
ConocoPhillips, Financial and Operational Review 75
9.8.1 Financial
Statements 75
9.8.2 Financial Ratios 76
10 Profile of Exxon Mobil
Corporation 77
10.1 Exxon Mobil Corporation, Key Information 77
10.2
Exxon Mobil Corporation, Company Overview 77
10.3 Exxon Mobil Corporation,
Business Description 77
10.3.1 Exxon Mobil Corporation, Business
Description, Business Overview 77
10.3.2 Exxon Mobil Corporation, Business
Description, Chemical 77
10.3.3 Exxon Mobil Corporation, Business
Description, Downstream 79
10.3.4 Exxon Mobil Corporation, Business
Description, Upstream 80
10.4 Exxon Mobil Corporation, Value Chain
Analysis 82
10.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream
83
10.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 83
10.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 84
10.4.4
Exxon Mobil Corporation, Value Chain Analysis, Retail 84
10.5 Exxon Mobil
Corporation, SWOT Analysis 85
10.5.1 Exxon Mobil Corporation, SWOT
Analysis, Overview 85
10.5.2 Exxon Mobil Corporation, SWOT Analysis,
Strengths 86
10.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses
87
10.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 88
10.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 90
10.6 Exxon Mobil
Corporation, Revenue Analysis 91
10.6.1 Exxon Mobil Corporation, Revenue
by Segment 91
10.6.2 Exxon Mobil Corporation, Revenue by Geography 91
10.7 Exxon Mobil Corporation, Financial and Operational Review 93
10.7.1
Financial Statements 93
10.7.2 Financial Ratios 94
11 Financial Deals
Landscape 95
11.1 Detailed Deal Summary 95
11.1.1 Acquisition 95
11.1.2 Private Equity 102
11.1.3 Equity Offerings 105
11.1.4 Debt
Offerings 112
11.1.5 Partnerships 119
11.1.6 Asset Transactions
121
12 Recent Developments 128
12.1 License Rounds 128
12.1.1 Jun
11, 2009: BLM Delays Oil, Gas Lease Sales In South County 128
12.2 License
Awards 129
12.2.1 Jun 16, 2009: Tricor Ten Section Files Application With
FERC For Gas Storage Facility In Kern County, California 129
12.2.2 Jun
11, 2009: ELK Petroleum Receives APD Approval For Grieve #39A Well In Wyoming
130
12.2.3 Jun 08, 2009: ATP Oil & Gas Wins Green Canyon Block 344 In
Central Gulf Of Mexico Offshore Lease Sale 208 130
12.3 Strategy and
Business Expansion 130
12.3.1 Jun 04, 2009: Valero Energy Suspends
Hydrocracker Project At Its Port Arthur Refinery In Texas 130
12.3.2 Jun
01, 2009: Kinder Morgan Energy Announces Open Season For Crude Oil Shipments
On Cochin Pipeline 131
12.3.3 Jun 01, 2009: Tricor Ten Section Announces
Non-Binding Open Season For Natural Gas Storage Facility In California 131
12.3.4 May 28, 2009: Cabot Oil & Gas Opens New Regional Office In Pittsburgh
132
12.4 Recent Discoveries 133
12.4.1 Jun 17, 2009: American Energy
Resources Strikes Oil At Bonita Springs 4A Well In Gove County, Kansas 133
12.4.2 Jun 09, 2009: Antares Energy Finds Gas At Frances Dilworth No. 2 Well
In McMullen County, Texas 133
12.4.3 Jun 04, 2009: KFG Resources Discovers
Oil At Fayette Field In Jefferson County, Mississippi 135
12.4.4 Jun 03,
2009: American Energy Resources Finds Oil Reserve In Lane County, Kansas
136
12.4.5 Jun 02, 2009: Stone Energy Announces Deepwater Discovery In
Pyrenees Prospect, Gulf Of Mexico 136
12.5 Drilling and Production Updates
137
12.5.1 Jun 16, 2009: American Petro-Hunter To Place #1 Lutters Well
Into Production 137
12.5.2 Jun 16, 2009: Daytona Energy' s Walker #1H Well
Flowing Gas To Sales 137
12.5.3 Jun 15, 2009: Golden Gate Petroleum
Updates On Jumonville #2 Bullseye Prospect In Iberville Parish, Louisiana
138
12.5.4 Jun 15, 2009: Pryme Oil and Gas Commences Production From
Crosby 16 No.1 Well In Four Rivers Project, Louisiana 138
12.5.5 Jun 15,
2009: Harvest Natural Resources Begins Drilling Operations At Bar F No.
1-20-3-2 Well In Antelope Project, Utah 140
12.6 Financial Announcements
140
12.6.1 Jun 15, 2009: Green Star Energies Posts $1.67 Million Net Gain
In Q1 2009 140
12.6.2 May 21, 2009: Beard Reports Net Loss Of $266,000 In
Q1 2009 141
12.6.3 May 20, 2009: PrimeEnergy Posts Net Loss Of $3.5
Million In Q1 2009 142
12.6.4 May 19, 2009: John D. Oil and Gas Posts
Revenue Of $1.4 Million In Q1 2009 142
12.6.5 May 18, 2009: Frontera
Resources Reports $7.9 Million Net Loss In Q1 2009 143
12.7 Other
Significant Developments 146
12.7.1 Jun 16, 2009: GMX Resources Provides
Operations Update 146
12.7.2 Jun 16, 2009: StatoilHydro Signs LNG Deal
With RasGas For Cove Point Terminal In US 146
12.7.3 Jun 16, 2009: Duke
Energy Appoints Lynn J. Good As Group Executive And CFO 147
12.7.4 Jun 16,
2009: Energy Partners Wins Court Approval For Its Disclosure Statement 148
12.7.5 Jun 15, 2009: Circumpacific Energy President Peter Simpson Resigns
148
12.8 New Contracts Announcements 149
12.8.1 Jun 16, 2009:
ForeRunner Wins Three Natural Gas Storage Projects In Western US 149
12.8.2 Jun 10, 2009: Clean Energy Wins Natural Gas Fuel Supply Contract From
City Of Phoenix Public Transit Department 149
13 Appendix 150
13.1
Methodology 150
13.1.1 Coverage 151
13.1.2 Secondary Research 152
13.1.3 Primary Research 152
13.1.4 E&P Forecasts 152
13.1.5 Midstream
Forecasts 154
13.1.6 Expert Panel Validation 154
13.2 Contact Us
154
13.3 About GlobalData 154
13.4 Disclaimer 155
1.1 List of
Tables
Table 1: US Nebraska, Historical and Forecasted Production and
Consumption of Crude Oil, 1996-2020 13
Table 2: US Nebraska, Historical
Reserves of Crude Oil, 1996-2008 15
Table 3: US, Investment Benchmarking,
Overall State Rankings, 2008 21
Table 4: US, Investment Benchmarking,
Upstream Fiscal Attractiveness, 2008 22
Table 5: US, Investment
Benchmarking, Oil Sector Performance, 2008 23
Table 6: US Nebraska, Crude
Oil Key Statistics, 2008 27
Table 7: US Nebraska, Total Gross Crude Oil
Production (MMBBLs), 2001-2008 28
Table 8: US Nebraska, Gross Crude Oil
Production (MMBBLs), of Major Assets, 2001-2008 29
Table 9: US Nebraska,
Gross Crude Oil Production (MMBBLs), of Major Assets, 2001-2008 (Contd.)
30
Table 10: US Nebraska, Gross Equity Weighted Crude Oil Production
(MMBBLs), of Major Companies, 2001-2008 31
Table 11: US Nebraska, Market
Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008
33
Table 12: US Nebraska, Gross Crude Oil Production(MMBBLs), Forecasts by
Assets, 2009-2015 34
Table 13: US Nebraska, Gross Crude Oil
Production(MMBBLs), Forecasts by Assets, 2009-2015, (Contd.) 35
Table 14:
US Nebraska, Active Oil Field of Major Assets Details 36
Table 15: US
Nebraska, Active Oil Field of Major Assets Details (Contd.) 37
Table 16:
US Nebraska, Active Oil Field of Major Assets Details (Contd.) 38
Table
17: US Nebraska, Pipeline Key Statistics, 2008 39
Table 18: US Nebraska,
Petroleum Product Pipelines, 2008 40
Table 19: US Nebraska, Oil and
Chemicals Storage Key Statistics, 2008 41
Table 20: US Nebraska, Total Oil
and Chemicals Storage Capacity (Thousand M3), 2000- 2013 41
Table 21: US
Nebraska, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 43
Table 22: BP p.l.c., Key Facts 44
Table 23: BP p.l.c., SWOT Analysis
52
Table 24: BP p.l.c., Revenue by Segment, USD Million, 2003-2007 55
Table 25: BP p.l.c., Revenue by Geography, USD Million, 2003-2007 56
Table
26: BP p.l.c., Financial Statements, USD Million, 2003-2007 57
Table 27:
BP p.l.c., Financial Ratios, USD Million, 2003-2007 58
Table 28:
ConocoPhillips, Key Facts 59
Table 29: ConocoPhillips, SWOT Analysis
70
Table 30: ConocoPhillips, Revenue by Segment, USD Million,
2003-2007 74
Table 31: ConocoPhillips, Revenue by Geography, USD
Million, 2003-2007 75
Table 32: ConocoPhillips, Financial Statements,
USD Million, 2003-2007 75
Table 33: ConocoPhillips, Financial Ratios,
USD Million, 2003-2007 76
Table 34: Exxon Mobil Corporation, Key
Facts 77
Table 35: Exxon Mobil Corporation, SWOT Analysis 85
Table 36: Exxon Mobil Corporation, Revenue by Segment, USD Million,
2003-2007 91
Table 37: Exxon Mobil Corporation, Revenue by Geography,
USD Million, 2003-2007 92
Table 38: Exxon Mobil Corporation,
Financial Statements, USD Million, 2003-2007 93
Table 39: Exxon Mobil
Corporation, Financial Ratios, USD Million, 2003-2007 94
Table 40: Forest
Gate Resources Terminates Acquisition Of 90% Stake In Atlantis Deepwater
Production And Impact Exploration & Production 95
Table 41: Ford Spoleti
Holdings Acquires Eagle Oil Holding 96
Table 42: Lighthouse Petroleum
Acquires 20% Ownership Stake In Williston Basin Acquisition 97
Table 43:
Spectra Energy Partners Acquires NOARK Pipeline System From Atlas Pipeline
Partners 98
Table 44: Doral Energy To Acquire Two Unnamed Permian Basin
Oil And Gas Corporations 99
Table 45: AMG Oil To Acquire Adira Energy
100
Table 46: TEPPCO Partners Rejects Bid From Enterprise Products
Partners 101
Table 47: KKR Invests $350 Million In East Resources 102
Table 48: U.S. Drilling Capital Management To Invest In Development Drilling
Activities Of SandRidge Energy 103
Table 49: MarkWest Energy To Acquire
50% Interest In Arkoma Connector Pipeline 104
Table 50: EV Energy Partners
Completes Public Offering Of Common Units For $82.11 Million 105
Table 51:
Whiting Petroleum Prices Public Offering Of Convertible Perpetual Preferred
Stock For $300 Million 107
Table 52: ONEOK Partners Prices Common Units
Public Offering For $229.05 Million 109
Table 53: FairWest Announces
Private Placement Of $1.77 Million 110
Table 54: Duncan Energy Partners
Prices Public Offering Of Common Units For $128 Million 111
Table 55:
Quicksilver Resources Announces Public Offering Of Senior Notes For $425
Million 112
Table 56: South Texas Oil Issues 14% Secured Convertible Notes
Due In 2011 For $0.56 Million 113
Table 57: Mariner Energy Issues 11.75%
Senior Unsecured Notes Offering For $300 Million 114
Table 58: Dominion
Resources Completes 8.37% Debenture Offering For $625 Million 115
Table
59: Anadarko Petroleum Prices 5.75% Senior Notes Offering For $275 Million
116
Table 60: Anadarko Petroleum Prices 6.95% Senior Notes Offering For
$300 Million 117
Table 61: Western Refining Issues Senior Secured Floating
Rate Notes For $275 Million 118
Table 62: EnerJex Resources Enters Into A
Joint Venture With Pharyn Resources 119
Table 63: Atlas Pipeline Partners
Forms Joint Venture With The Williams Companies 120
Table 64: Nighthawk
Production And Running Foxes Terminate The Sale Of 20% Interest In Jolly Ranch
Project 121
Table 65: TransCanada Pipelines To Acquire Remaining Interest
Of ConocoPhillips In Keystone Pipeline 122
Table 66: Bill Barrett Acquires
Piceance Basin Acreage For $60 Million 123
Table 67: Precision Petroleum
To Acquire 88% Of Producing Well In Pottawatomie County, Oklahoma 124
Table 68: Miller Petroleum Acquires 35,325 Shale Acres And 173 Wells In
Tennessee 125
Table 69: BayHill Capital To Acquire Oil and Gas Properties
For $23.54 Million 126
1.2 List of Figures
Figure 1: US Nebraska
Energy Sector Break-up, 2008 11
Figure 2: US Nebraska, Crude Oil
Production And Consumption, Thousand Barrels Per Day, 1996-2020 14
Figure
3: US Nebraska, Crude Oil Reserves, Million Barrels, 1996-2008 15
Figure
4: US Nebraska, Upstream Oil & Gas Fiscal Regime (Royalty/Tax), Sample
Cashflows, 2005-2016 20
Figure 5: US, State Standings, Upstream Fiscal
Attractiveness, 2008 22
Figure 6: US, State Standings, Oil Sector
Performance, by Reserves & Production, 2008 24
Figure 7: US, State
Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008
25
Figure 8: US Nebraska, Crude Oil Assets Map, 2008 27
Figure 9: US
Nebraska, Total Gross Crude Oil Production (MMBBLs), 2001-2008 28
Figure
10: US Nebraska, Gross Equity Weighted Crude Oil Production (MMBBLs), of Major
Companies, 2001-2008 32
Figure 11: US Nebraska, Market Share (%) based on
Gross Equity Weighted Crude Oil Production, 2008 33
Figure 12: US
Nebraska, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013
42
Figure 13: BP p.l.c., Value Chain Analysis 49
Figure 14:
ConocoPhillips, Value Chain Analysis 66
Figure 15: Exxon Mobil
Corporation, Value Chain Analysis 82
Figure 16: GlobalData Methodology
151
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