Table of Contents
1 Table of Contents 2 1.1 List of Tables 8 1.2 List of Figures 10
2 Ohio Energy Sector 11 2.1 Ohio Energy Sector, Market Overview 11 2.2
Ohio Energy Sector, Natural Gas 12 2.2.1 Ohio Natural Gas, Overview 12
2.2.2 Ohio Natural Gas, Supply and Demand Balance 12 2.2.3 Ohio Natural
Gas, Regulatory Structure 16 2.2.4 Ohio Natural Gas, Infrastructure 16
3 US Ohio Fiscal Regime 18 3.1 US Ohio Petroleum Fiscal Environment 18
3.2 License Terms 18 3.3 Key Fiscal Terms 19 3.4 Sample Cash flows
Calculations 20 4 US Ohio Gas 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 Gas Sector Performance 23 4.4.1 Gas Production
25 4.4.2 Gas Reserves 25 4.4.3 Gas Consumption 26 5 US Ohio
Exploration and Production Sector 27 5.1 US Ohio Exploration and
Production Sector, Country Snapshot 27 5.1.1 US Ohio Exploration and
Production Sector, Key Data 27 5.1.2 US Ohio Exploration and Production
Sector, Natural Gas Assets Map 27 5.2 US Ohio Exploration and Production
Sector, Marketed Natural Gas Production 28 5.2.1 US Ohio Exploration and
Production Sector, Marketed Natural Gas-Historical Production 28 5.2.2 US
Ohio Exploration and Production Sector, Marketed Natural Gas Production by
Assets 29 5.2.3 US Ohio Exploration and Production Sector, Marketed Equity
Weighted Natural Gas Production by Company 32 5.2.4 US Ohio Exploration
and Production Sector, Market Share (%) based on Marketed Natural Gas
Production 34 5.3 US Ohio Exploration and Production Sector, Marketed
Natural Gas Forecasts 36 5.3.1 US Ohio Exploration and Production Sector,
Marketed Natural Gas Forecasted Production 36 5.4 US Ohio Exploration And
Production Sector, Natural Gas Asset Details 39 5.4.1 US Ohio Exploration
And Production Sector, Active Natural Gas Asset Details 39 6 US Ohio
Pipeline Sector 42 6.1 US Ohio Pipeline Sector, Key Data 42 6.2 US
Ohio Pipeline Sector, An Overview 42 6.3 US Ohio Pipeline Sector, Natural
Gas Pipelines 43 7 US Ohio Under Ground Storage Gas Sector 46 7.1 US
Ohio Under Ground Storage Sector, Key Data 46 7.2 US Ohio Underground Gas
Storage Sector, An Overview 46 7.3 US Ohio, Underground Gas Storage
Sector, Storage Capacity 46 8 Profile of BP p.l.c. 48 8.1 BP p.l.c.,
Key Information 48 8.2 BP p.l.c., Company Overview 48 8.3 BP p.l.c.,
Business Description 48 8.3.1 BP p.l.c., Business Description, Business
Overview 48 8.3.2 BP p.l.c., Business Description, Exploration and
Production 49 8.3.3 BP p.l.c., Business Description, Other Businesses and
Corporate Segment 50 8.3.4 BP p.l.c., Business Description, Refining and
Marketing 51 8.4 BP p.l.c., Value Chain Analysis 53 8.4.1 BP p.l.c.,
Value Chain Analysis, Upstream 54 8.4.2 BP p.l.c., Value Chain Analysis,
Midstream 54 8.4.3 BP p.l.c., Value Chain Analysis, Downstream 54
8.4.4 BP p.l.c., Value Chain Analysis, Retail 55 8.5 BP p.l.c., SWOT
Analysis 55 8.5.1 BP p.l.c., SWOT Analysis, Overview 55 8.5.2 BP
p.l.c., SWOT Analysis, Strengths 56 8.5.3 BP p.l.c., SWOT Analysis,
Weaknesses 57 8.5.4 BP p.l.c., SWOT Analysis, Opportunities 57 8.5.5
BP p.l.c., SWOT Analysis, Threats 58 8.6 BP p.l.c., Revenue Analysis
59 8.6.1 BP p.l.c., Revenue by Segment 59 8.6.2 BP p.l.c., Revenue by
Geography 60 8.7 BP p.l.c., Financial and Operational Review 61 8.7.1
Financial Statements 61 8.7.2 Financial Ratios 62 9 Profile of
ConocoPhillips 63 9.1 ConocoPhillips, Key Information 63 9.2
ConocoPhillips, Company Overview 63 9.3 ConocoPhillips, Business
Description 63 9.3.1 ConocoPhillips, Business Description, Business
Overview 63 9.3.2 ConocoPhillips, Business Description, Chemicals Segment
64 9.3.3 ConocoPhillips, Business Description, Emerging Businesses Segment
64 9.3.4 ConocoPhillips, Business Description, Exploration and Production
Segment 66 9.3.5 ConocoPhillips, Business Description, LUKOIL Investment
67 9.3.6 ConocoPhillips, Business Description, Midstream Segment 67
9.3.7 ConocoPhillips, Business Description, Refining, Marketing and
Transportation 68 9.4 ConocoPhillips, Value Chain Analysis 70 9.4.1
ConocoPhillips, Value Chain Analysis, Upstream 70 9.4.2 ConocoPhillips,
Value Chain Analysis, Midstream 71 9.4.3 ConocoPhillips, Value Chain
Analysis, Downstream 72 9.4.4 ConocoPhillips, Value Chain Analysis, Retail
72 9.5 ConocoPhillips, SWOT Analysis 73 9.5.1 ConocoPhillips, SWOT
Analysis, Overview 73 9.5.2 ConocoPhillips, SWOT Analysis, Strengths
74 9.5.3 ConocoPhillips, SWOT Analysis, Weaknesses 75 9.5.4
ConocoPhillips, SWOT Analysis, Opportunities 75 9.5.5 ConocoPhillips, SWOT
Analysis, Threats 76 9.6 ConocoPhillips, Revenue Analysis 77 9.7
ConocoPhillips, Revenue Analysis, Revenue by Segment 77 9.7.1
ConocoPhillips, Revenue Analysis, Revenue by Geography 78 9.8
ConocoPhillips, Financial and Operational Review 79 9.8.1 Financial
Statements 79 9.8.2 Financial Ratios 80 10 Profile of Exxon Mobil
Corporation 81 10.1 Exxon Mobil Corporation, Key Information 81 10.2
Exxon Mobil Corporation, Company Overview 81 10.3 Exxon Mobil Corporation,
Business Description 81 10.3.1 Exxon Mobil Corporation, Business
Description, Business Overview 81 10.3.2 Exxon Mobil Corporation, Business
Description, Chemical 81 10.3.3 Exxon Mobil Corporation, Business
Description, Downstream 83 10.3.4 Exxon Mobil Corporation, Business
Description, Upstream 84 10.4 Exxon Mobil Corporation, Value Chain
Analysis 86 10.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream
86 10.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 87
10.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 88 10.4.4
Exxon Mobil Corporation, Value Chain Analysis, Retail 88 10.5 Exxon Mobil
Corporation, SWOT Analysis 88 10.5.1 Exxon Mobil Corporation, SWOT
Analysis, Overview 88 10.5.2 Exxon Mobil Corporation, SWOT Analysis,
Strengths 89 10.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses
91 10.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 92
10.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 93 10.6 Exxon Mobil
Corporation, Revenue Analysis 95 10.6.1 Exxon Mobil Corporation, Revenue
by Segment 95 10.6.2 Exxon Mobil Corporation, Revenue by Geography 95
10.7 Exxon Mobil Corporation, Financial and Operational Review 97 10.7.1
Financial Statements 97 10.7.2 Financial Ratios 98 11 Financial Deals
Landscape 99 11.1 Detailed Deal Summary 99 11.1.1 Acquisition 99
11.1.2 Private Equity 106 11.1.3 Equity Offerings 109 11.1.4 Debt
Offerings 116 11.1.5 Partnerships 123 11.1.6 Asset Transactions
125 12 Recent Developments 132 12.1 License Rounds 132 12.1.1 Jun
11, 2009: BLM Delays Oil, Gas Lease Sales In South County 132 12.2 License
Awards 133 12.2.1 Jun 16, 2009: Tricor Ten Section Files Application With
FERC For Gas Storage Facility In Kern County, California 133 12.2.2 Jun
11, 2009: ELK Petroleum Receives APD Approval For Grieve #39A Well In Wyoming
134 12.2.3 Jun 08, 2009: ATP Oil & Gas Wins Green Canyon Block 344 In
Central Gulf Of Mexico Offshore Lease Sale 208 134 12.3 Strategy and
Business Expansion 134 12.3.1 Jun 04, 2009: Valero Energy Suspends
Hydrocracker Project At Its Port Arthur Refinery In Texas 134 12.3.2 Jun
01, 2009: Kinder Morgan Energy Announces Open Season For Crude Oil Shipments
On Cochin Pipeline 135 12.3.3 Jun 01, 2009: Tricor Ten Section Announces
Non-Binding Open Season For Natural Gas Storage Facility In California 135
12.3.4 May 28, 2009: Cabot Oil & Gas Opens New Regional Office In Pittsburgh
136 12.4 Recent Discoveries 137 12.4.1 Jun 17, 2009: American Energy
Resources Strikes Oil At Bonita Springs 4A Well In Gove County, Kansas 137
12.4.2 Jun 09, 2009: Antares Energy Finds Gas At Frances Dilworth No. 2 Well
In McMullen County, Texas 137 12.4.3 Jun 04, 2009: KFG Resources Discovers
Oil At Fayette Field In Jefferson County, Mississippi 139 12.4.4 Jun 03,
2009: American Energy Resources Finds Oil Reserve In Lane County, Kansas
140 12.4.5 Jun 02, 2009: Stone Energy Announces Deepwater Discovery In
Pyrenees Prospect, Gulf Of Mexico 140 12.5 Drilling and Production Updates
141 12.5.1 Jun 16, 2009: American Petro-Hunter To Place #1 Lutters Well
Into Production 141 12.5.2 Jun 16, 2009: Daytona Energy' s Walker #1H Well
Flowing Gas To Sales 141 12.5.3 Jun 15, 2009: Golden Gate Petroleum
Updates On Jumonville #2 Bullseye Prospect In Iberville Parish, Louisiana
142 12.5.4 Jun 15, 2009: Pryme Oil and Gas Commences Production From
Crosby 16 No.1 Well In Four Rivers Project, Louisiana 142 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 144 12.6 Financial Announcements
144 12.6.1 Jun 15, 2009: Green Star Energies Posts $1.67 Million Net Gain
In Q1 2009 144 12.6.2 May 21, 2009: Beard Reports Net Loss Of $266,000 In
Q1 2009 145 12.6.3 May 20, 2009: PrimeEnergy Posts Net Loss Of $3.5
Million In Q1 2009 146 12.6.4 May 19, 2009: John D. Oil and Gas Posts
Revenue Of $1.4 Million In Q1 2009 146 12.6.5 May 18, 2009: Frontera
Resources Reports $7.9 Million Net Loss In Q1 2009 147 12.7 Other
Significant Developments 150 12.7.1 Jun 16, 2009: GMX Resources Provides
Operations Update 150 12.7.2 Jun 16, 2009: StatoilHydro Signs LNG Deal
With RasGas For Cove Point Terminal In US 151 12.7.3 Jun 16, 2009: Duke
Energy Appoints Lynn J. Good As Group Executive And CFO 151 12.7.4 Jun 16,
2009: Energy Partners Wins Court Approval For Its Disclosure Statement 152
12.7.5 Jun 15, 2009: Circumpacific Energy President Peter Simpson Resigns
153 12.8 New Contracts Announcements 153 12.8.1 Jun 16, 2009:
ForeRunner Wins Three Natural Gas Storage Projects In Western US 153
12.8.2 Jun 10, 2009: Clean Energy Wins Natural Gas Fuel Supply Contract From
City Of Phoenix Public Transit Department 153 13 Appendix 155 13.1
Methodology 155 13.1.1 Coverage 156 13.1.2 Secondary Research 157
13.1.3 Primary Research 157 13.1.4 E&P Forecasts 157 13.1.5 Midstream
Forecasts 159 13.1.6 Expert Panel Validation 159 13.2 Contact Us
159 13.3 About GlobalData 159 13.4 Disclaimer 160 1.1 List of
Tables Table 1: US Ohio, Historical and Forecasted Production and
Consumption of Natural Gas, 1996-2020 13 Table 2: US Ohio, Historical
Reserves of Natural Gas, 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, Gas Sector Performance, 2008 24 Table 6: US Ohio,
Natural Gas Key Statistics, 2008 27 Table 7: US Ohio, Total Marketed
Natural Gas Production (MMcf), 2001-2008 28 Table 8: US Ohio, Marketed
Natural Gas Production (MMcf), by Major Assets, 2001-2008 29 Table 9: US
Ohio, Marketed Natural Gas Production (MMcf), by Major Assets, 2001-2008
(Contd.) 30 Table 10: US Ohio, Marketed Natural Gas Production (MMcf), by
Major Assets, 2001-2008 (Contd.) 31 Table 11: US Ohio, Marketed Equity
Weighted Natural Gas Production (MMcf), by Major Companies, 2001-2008 32
Table 12: US Ohio, Marketed Equity Weighted Natural Gas Production (MMcf), by
Major Companies, 2001-2008 (Contd.) 33 Table 13: US Ohio, Market Share (%)
based on Marketed Natural Gas Production, 2001-2008 34 Table 14: US Ohio,
Marketed Natural Gas Production (MMcf), Forecast by Assets, 2009-2015 36
Table 15: US Ohio, Natural Gas Production (MMcf), Forecast by Assets,
2009-2015, (Contd.) 37 Table 16: US Ohio, Natural Gas Production (MMcf),
Forecast by Assets, 2009-2015, (Contd.) 38 Table 17: US Ohio, Active Gas
Field of Major Assets Details 39 Table 18: US Ohio, Pipeline Key
Statistics, 2008 42 Table 19: US Ohio, Natural Gas Pipelines, 2008 43
Table 20: US Ohio, Natural Gas Pipelines, 2008 (Contd.) 44 Table 21: US
Ohio, Natural Gas Pipelines, 2008 (Contd.) 45 Table 22: US Ohio
Underground Gas Storage Key Statistics, 2008 46 Table 23: US Ohio,
Asset-wise Gas Storage Capacity, 2008 46 Table 24: US Ohio, Asset-wise Gas
Storage Capacity,2008 (Contd.) 47 Table 25: BP p.l.c., Key Facts 48
Table 26: BP p.l.c., SWOT Analysis 56 Table 27: BP p.l.c., Revenue by
Segment, USD Million, 2003-2007 59 Table 28: BP p.l.c., Revenue by
Geography, USD Million, 2003-2007 60 Table 29: BP p.l.c., Financial
Statements, USD Million, 2003-2007 61 Table 30: BP p.l.c., Financial
Ratios, USD Million, 2003-2007 62 Table 31: ConocoPhillips, Key Facts
63 Table 32: ConocoPhillips, SWOT Analysis 74 Table 33:
ConocoPhillips, Revenue by Segment, USD Million, 2003-2007 78 Table 34:
ConocoPhillips, Revenue by Geography, USD Million, 2003-2007 79 Table
35: ConocoPhillips, Financial Statements, USD Million, 2003-2007 79
Table 36: ConocoPhillips, Financial Ratios, USD Million, 2003-2007 80
Table 37: Exxon Mobil Corporation, Key Facts 81 Table 38: Exxon
Mobil Corporation, SWOT Analysis 89 Table 39: Exxon Mobil
Corporation, Revenue by Segment, USD Million, 2003-2007 95 Table 40:
Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 96
Table 41: Exxon Mobil Corporation, Financial Statements, USD Million,
2003-2007 97 Table 42: Exxon Mobil Corporation, Financial Ratios, USD
Million, 2003-2007 98 Table 43: Forest Gate Resources Terminates
Acquisition Of 90% Stake In Atlantis Deepwater Production And Impact
Exploration & Production 99 Table 44: Ford Spoleti Holdings Acquires Eagle
Oil Holding 100 Table 45: Lighthouse Petroleum Acquires 20% Ownership
Stake In Williston Basin Acquisition 101 Table 46: Spectra Energy Partners
Acquires NOARK Pipeline System From Atlas Pipeline Partners 102 Table 47:
Doral Energy To Acquire Two Unnamed Permian Basin Oil And Gas Corporations
103 Table 48: AMG Oil To Acquire Adira Energy 104 Table 49: TEPPCO
Partners Rejects Bid From Enterprise Products Partners 105 Table 50: KKR
Invests $350 Million In East Resources 106 Table 51: U.S. Drilling Capital
Management To Invest In Development Drilling Activities Of SandRidge Energy
107 Table 52: MarkWest Energy To Acquire 50% Interest In Arkoma Connector
Pipeline 108 Table 53: EV Energy Partners Completes Public Offering Of
Common Units For $82.11 Million 109 Table 54: Whiting Petroleum Prices
Public Offering Of Convertible Perpetual Preferred Stock For $300 Million
111 Table 55: ONEOK Partners Prices Common Units Public Offering For
$229.05 Million 113 Table 56: FairWest Announces Private Placement Of
$1.77 Million 114 Table 57: Duncan Energy Partners Prices Public Offering
Of Common Units For $128 Million 115 Table 58: Quicksilver Resources
Announces Public Offering Of Senior Notes For $425 Million 116 Table 59:
South Texas Oil Issues 14% Secured Convertible Notes Due In 2011 For $0.56
Million 117 Table 60: Mariner Energy Issues 11.75% Senior Unsecured Notes
Offering For $300 Million 118 Table 61: Dominion Resources Completes 8.37%
Debenture Offering For $625 Million 119 Table 62: Anadarko Petroleum
Prices 5.75% Senior Notes Offering For $275 Million 120 Table 63: Anadarko
Petroleum Prices 6.95% Senior Notes Offering For $300 Million 121 Table
64: Western Refining Issues Senior Secured Floating Rate Notes For $275
Million 122 Table 65: EnerJex Resources Enters Into A Joint Venture With
Pharyn Resources 123 Table 66: Atlas Pipeline Partners Forms Joint Venture
With The Williams Companies 124 Table 67: Nighthawk Production And Running
Foxes Terminate The Sale Of 20% Interest In Jolly Ranch Project 125 Table
68: TransCanada Pipelines To Acquire Remaining Interest Of ConocoPhillips In
Keystone Pipeline 126 Table 69: Bill Barrett Acquires Piceance Basin
Acreage For $60 Million 127 Table 70: Precision Petroleum To Acquire 88%
Of Producing Well In Pottawatomie County, Oklahoma 128 Table 71: Miller
Petroleum Acquires 35,325 Shale Acres And 173 Wells In Tennessee 129 Table
72: BayHill Capital To Acquire Oil and Gas Properties For $23.54 Million
130 1.2 List of Figures Figure 1: US Ohio Energy Sector Break-up,
2008 11 Figure 2: US Ohio, Natural Gas Production And Consumption, Billion
Cubic Feet, 1996-2020 14 Figure 3: US Ohio, Natural Gas Reserves, Billion
Cubic Feet, 1996-2008 16 Figure 4: US Ohio, Upstream Oil & Gas Fiscal
Regime (Royalty/Tax), Sample Cashflows, 2005-2016 20 Figure 5: US, State
Standings, Upstream Fiscal Attractiveness, 2008 23 Figure 6: US, State
Standings, Gas Sector Performance, by Reserves & Production, 2008 24
Figure 7: US, State Standings, Gas Sector Performance, by Production &
Consumption, 2008 25 Figure 8: US Ohio, Natural Gas Assets Map, 2008
27 Figure 9: US Ohio, Total Marketed Natural Gas Production (MMcf),
2001-2008 28 Figure 10: US Ohio, Marketed Equity Weighted Natural Gas
Production (MMcf), by Major Companies, 2001-2008 34 Figure 11: US Ohio,
Market Share (%) based on Marketed Natural Gas Production, 2008 35 Figure
12: BP p.l.c., Value Chain Analysis 53 Figure 13: ConocoPhillips, Value
Chain Analysis 70 Figure 14: Exxon Mobil Corporation, Value Chain Analysis
86 Figure 15: GlobalData Methodology 156
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