U.S. Upstream Almanac
      January 2011
U.S. Upstream Almanac
                            January 2011
Table of Contents


                1.        Introduction                                                                           4
                2.        Continental United States                                                              8
                3.        Rocky Mountain Region                                                                 30
                4.        Alaska Region                                                                         159
                5.        Offshore GoM Region                                                                   173
                6.        Gulf Coast Region                                                                     187
                7.        Mid-Continent Region                                                                  208
                8.        Permian Region                                                                        283
                9.        Ark-LA-Tex Region                                                                     291
                10. Central Texas Region                                                                        312
                11. West Coast Region                                                                           333
                12. Eastern U.S. Region                                                                         374
                13. Offshore Pacific Region                                                                     404




                Data Source: HPDI, LLC. Production data as of August 2010; permitting data as of January 2011


                    U.S. Upstream Almanac
                    January 2011                                                                                      2
Introduction




U.S. Upstream Almanac
January 2011
Introduction
                          Key Themes
Oil Plays Are Being Targeted1

  As the oil price/gas price
                                                           26.00x                           8.0                                                                                                                                                                                      80%
  ratio has climbed from 8x
  to nearly 26x, drillers
  have           progressively                                                                                                                           7.0
  focused more efforts to
                                                                                                                                          6.4                      6.5
  oil-rich plays                                                                                            6.3
                                                                                                                      6.1
                                                           21.00x                           6.0                                 5.7                                                                                                                                                  70%
  The graph at right                                                                              5.5
  compares:
     Total oil and gas wells




                                                                                                                                                                                                                                                                                           % Gas of Total Wells Drilled
                                                                                                                                                                             4.7
     drilled      (blue/gray                                                                                                                                                                                                                         4.6
                                   Oil Price / Gas Price




                                                                                                                                                                                                                                         4.5
                                                                    Wells Drilled (000's)




     bars)
     The percentage of                                     16.00x                           4.0
                                                                                                                                                                                                                               3.9                              3.9
                                                                                                                                                                                                                                                                                     60%
     wells drilled targeting                                                                                                                                                                                    3.6
     gas (red line)                                                                                                                                                                         3.3
                                                                                                                                                                                                      3.1
     The oil/gas price ratio                                                                                                                                                                                                                                               2.9

     (blue line)

  Gas plays are clearly                                    11.00x                           2.0                                                                                                                                                                                      50%
  losing favor as gas wells
  have dropped from ~75%
  of total wells drilled in Q1
  2007 to ~45% in Q4 2010

                                                            6.00x                           0.0                                                                                                                                                                                      40%
                                                                                                  2007 Q1


                                                                                                            2007 Q2


                                                                                                                      2007 Q3


                                                                                                                                2007 Q4


                                                                                                                                          2008 Q1


                                                                                                                                                         2008 Q2


                                                                                                                                                                   2008 Q3


                                                                                                                                                                             2008 Q4


                                                                                                                                                                                            2009 Q1


                                                                                                                                                                                                      2009 Q2


                                                                                                                                                                                                                2009 Q3


                                                                                                                                                                                                                               2009 Q4


                                                                                                                                                                                                                                         2010 Q1


                                                                                                                                                                                                                                                      2010 Q2


                                                                                                                                                                                                                                                                2010 Q3


                                                                                                                                                                                                                                                                           2010 Q4
                                                                                                                                                    Gas Wells Drilled                  Oil Wells Drilled                  % Gas Wells              Oil Price / Gas Price


                                                                                                                      ________________________________________
                  U.S. Upstream Almanac                                                                               1. Wells drilled are based on permits "At Total Depth" with timing based on permit granted date. Only wells classified as "Oil", "Gas" or                                                           4
                                                                                                                         "CBM" are included (i.e., well types including Injection, CO2, Oil & Gas, Unclassified, etc. were excluded)
                  January 2011
Introduction
                          Key Themes (cont'd)
Horizontal Wells Are Increasing1

                                                      9,000                                                                                                                                                                                                                                                                                                                                   90%
  As horizontal drilling




                                                                                                                                                                                                                      8,149
                                                                                    8,121
  techniques are refined




                                                                                                    8,049
                                                                    7,950
  and      optimized,      an




                                                                                                                                                      7,559




                                                                                                                                                                                                                                      7,413
  increasing proportion of




                                                                                                                                                                                                      7,351
                                                                                                                                                                      7,151
  wells drilled are utilizing




                                                                                                                    6,988




                                                                                                                                                                                      6,840
  this technology




                                                                                                                                      6,643
  Since Q1 2006, horizontal
  wells have increased from                           6,000                                                                                                                                                                                                                                                                                                                                   60%
  9% of total wells drilled to




                                                                                                                                                                                                                                                      5,034
  34% Q4 2010




                                                                                                                                                                                                                                                                                                                                                      4,493
                                      Wells Drilled




                                                                                                                                                                                                                                                                                                                                      4,331




                                                                                                                                                                                                                                                                                                                                                                                                    % of Total
  In the same time period,




                                                                                                                                                                                                                                                                                                                                                                      4,040
  vertical     wells      have




                                                                                                                                                                                                                                                                                                                      3,631
  dropped from 81% of




                                                                                                                                                                                                                                                                                                      3,351




                                                                                                                                                                                                                                                                                                                                                                                      3,275
                                                                                                                                                                                                                                                                      3,139
  total wells drilled to 57%




                                                                                                                                                                                                                                                                                      2,891
                                                      3,000                                                                                                                                                                                                                                                                                                                                   30%




                                                                                                                                                                                                                                                                                                                                              2,458

                                                                                                                                                                                                                                                                                                                                                              2,289
                                                                                                                                                                                                                                                                                                                              2,143
                                                                                                                                                                                                                              2,122
                                                                                                                                                                                                              2,093




                                                                                                                                                                                                                                                                                                                                                                              1,986
                                                                                                                                                                                                                                                                                                              1,932
                                                                                                                                                                                              1,765




                                                                                                                                                                                                                                              1,758




                                                                                                                                                                                                                                                                                              1,650
                                                                                                                                                              1,616

                                                                                                                                                                              1,521
                                                                                                                                              1,408




                                                                                                                                                                                                                                                              1,323

                                                                                                                                                                                                                                                                              1,320
                                                                                                                              1,201
                                                                                                            1,102
                                                                                            1,041
                                                                            1,008
                                                              903




                                                         0                                                                                                                                                                                                                                                                                                                                    0%
                                                                2006 Q1

                                                                               2006 Q2

                                                                                               2006 Q3

                                                                                                               2006 Q4

                                                                                                                                 2007 Q1

                                                                                                                                                 2007 Q2

                                                                                                                                                                 2007 Q3

                                                                                                                                                                                 2007 Q4

                                                                                                                                                                                                 2008 Q1

                                                                                                                                                                                                                 2008 Q2

                                                                                                                                                                                                                                 2008 Q3

                                                                                                                                                                                                                                                 2008 Q4

                                                                                                                                                                                                                                                                 2009 Q1

                                                                                                                                                                                                                                                                                 2009 Q2

                                                                                                                                                                                                                                                                                                 2009 Q3

                                                                                                                                                                                                                                                                                                                 2009 Q4

                                                                                                                                                                                                                                                                                                                                 2010 Q1

                                                                                                                                                                                                                                                                                                                                                 2010 Q2

                                                                                                                                                                                                                                                                                                                                                                 2010 Q3

                                                                                                                                                                                                                                                                                                                                                                                 2010 Q4
                                                                                                                                                                                                                                              Horizontal                                   Vertical                           % Horizontal                                    % Vertical


                                                                                                                            ________________________________________
                  U.S. Upstream Almanac                                                                                     1. Wells drilled are based on permits "At Total Depth" with timing based on permit granted date. Directional are not shown on graph but                                                                                                                                              5
                                                                                                                               are included in "% of Total" calculations
                  January 2011
Introduction
                         Key Themes (cont'd)
Top Horizontal Plays
                                                                                                                                             1,353
                                               Barnett                                                                                                              0.45x
  The     Barnett     Shale                                                                                                                 3,030
  retained the top spot for                                                                                                970
                                             Marcellus                                                                                                                             10.66x
  horizontally       drilled                                           91
  formation, but also came                                                                                        820
                                            Haynesville                                                                                                                         7.39x
  up the biggest loser in                                              111
  terms of growth                          Fayetteville
                                                                                                                  812
                                                                                                                                                                      0.88x
                                                                                                                         928
  The Eagleford, Niobrara,                                                                                  724
  Marcellus and Haynesville                  Eagleford                                                                                                                                                                    45.25x
                                                              16
  shales showed the largest                                                                         575
                                               Bakken                                                                                                                 0.97x
  two-year growth, with                                                                              591
  multiples ranging from                                                           280
                                             Woodford                                                                                                                 1.07x
  10x to 45x from 2008 to                                                         261
  2010                                                                      181
                                             Cleveland                                                                                                                1.01x
                                                                            180
  Moderate gains were
                                                                            171
  seen in the Granite Wash,               Granite Wash
                                                                   61
                                                                                                                                                                        2.80x

  Bone               Spring,                                            120
  Mississippian         and                Bone Spring                                                                                                                   3.53x
                                                                  34
  Spraberry      Wolfcamp                                              102
                                           Austin Chalk                                                                                                               0.80x
  formations                                                            128
                                                                       95
  The Bakken, Woodford                        Niobrara                                                                                                                                   13.57x
                                                              7
  and      Cleveland    held
                                                                       93
  relatively flat, while the                Mississippi
                                                              24
                                                                                                                                                                         3.88x
  Fayetteville, Austin Chalk
                                                                    83
  and Cotton Valley showed          Spraberry Wolfcamp
                                                                   66
                                                                                                                                                                      1.26x

  negative growth                                                  80
                                          Cotton Valley                                                                          2010      2008                       0.68x
                                                                    118

                                                          0                                500                          1,000                   1,500         0.00x           10.00x        20.00x    30.00x     40.00x   50.00x
                                                                                              Horizontal Wells Drilled                                                                 Two-Year Growth (2008-2010)

                                                                                         ________________________________________
                 U.S. Upstream Almanac                                                   1. Wells drilled are based on permits "At Total Depth" with timing based on permit granted date.                                          6
                 January 2011
Introduction
                         Key Themes (cont'd)
Top Horizontal Areas
                                                                                                                       3,468
                                         TX                                                                                                                      0.84x
  Texas retained the top                                                                                                             4,114
  spot by a wide margin for                                         1,005
                                     ND                                                                                                                              1.45x
  horizontal wells drilled,                                  691
  but came up a loser in                                           923
                                     OK                                                                                                                           1.02x
  terms of growth                                                  908
                                                                   911
  The     biggest     growth             LA
                                                       169
                                                                                                                                                                                             5.39x
  occurred in Colorado,                                        881
  Pennsylvania,     Louisiana        PA                                                                                                                                                        5.76x
                                                    153
  and New Mexico driven by                                     822
                                     AR                                                                                                                          0.86x
  the Niobrara, Marcellus,                                       959
  Haynesville and Bone                               239
                                     NM                                                                                                                                      2.37x
  Spring/Spraberry,                                101
  respectively                                      150
                                         KY                                                                                                                     0.70x
                                                     215
                                                   118
                                     WV                                                                                                                           1.01x
                                                   117
                                                   107
                                     CO                                                                                                                                                                7.13x
                                                  15
                                                  74
                                     MT                                                                                                                            1.14x
                                                  65
                                                  55
                                     WY                                                                                                                                1.53x
                                                  36
                                                  43
                                         IN                                                                                                                             1.65x
                                                  26
                                                  20
                                     MS                                                                                                                        0.63x
                                                  32
                                                  19
                                     MI                                                                                2010        2008                      0.34x
                                                   56

                                              0                          1,500                         3,000                            4,500        0.00x                           5.00x                     10.00x
                                                                             Horizontal Wells Drilled                                                                      Two-Year Growth (2008-2010)

                                                                                 ________________________________________
                 U.S. Upstream Almanac                                           1. Wells drilled are based on permits "At Total Depth" with timing based on permit granted date.                                       7
                 January 2011
Introduction
                         Presentation Guide
Organization & Flow                                                       Standard Slides
  Integral Advisors' US Upstream Almanac is a comprehensive
                                                                                            Introduction Slide
  analysis of drilling and permitting data, providing key insights that
                                                                                               Key information
  oil & gas professionals find useful
                                                                                               Top producers and permitters
  The Almanac is organized in order of increased detail, beginning                             Well & permit activity map
  with the Continental United States, followed by Regions, and
  ending with Basins.
  Integral worked with our data provider HPDI, LLC (www.hpdi.com)
  to parse production and permitting data out into 54 specific basins,                      Vintaged Rate & Well Additions
  which Integral has further grouped in 12 regions                                             Production and well additions by year
                                                                                               since 2001
  There are two key data sets in the Almanac:                                                  Data parsed by gas, oil and total
     Historical Activity: Historical production and well additions are                         equivalent
     broken out by oil and gas, and top operators are ranked over
     the last twelve month ("LTM") time period
     Future Activity: Permitting activity is broken out by operator
                                                                                            Quarterly Permits
     and targeted formation
                                                                                              Top formations permitted over last 5
                                                                                              years
                 Continental United States                                                    Shown quarterly on graph, with
                                                                                              annual data below
                            Regions (12)
                (Rockies, Alaska, Offshore GoM, etc.)
                                                                                            Tabular Data
                                Basins (54)                                                   Top producers and permitters shown
                            (Green River, DJ,                                                 for last twelve months ("LTM")
                            Sacramento, etc.)




                 U.S. Upstream Almanac
                 January 2011                                                                                                          8
Continental United States




U.S. Upstream Almanac
January 2011
INSERT 11X17 MAP FOLDED HERE



U.S. Upstream Almanac
January 2011                                      10
Continental United States
                                                              Overview
Continental U.S. Summary

Production Statistics                                                                                                                               Top Operators by Production (LTM)

                              Wells Drilled: 2,800,000+                                                                                                 BP AMERICA PRODUCTION COMPANY                                                     15,533
                                                                                                                                                               EXXON MOBIL CORPORATION                            6,156
                              First Reported Production: 1900
                                                                                                                                                               CONOCOPHILLIPS COMPANY                          5,053
                              % Gas (LTM Production): 69%                                                                                                            CHEVRON, U.S.A., INC.                     4,654
                              Cum. Production: 891.8 Tcf (gas) & 116,799 MMBbl (oil)                                                                     CHESAPEAKE ENERGY CORPORATION                    3,860

                              No. Active Wells: 954,541                                                                                               ANADARKO PETROLEUM CORPORATION                      3,490
                                                                                                                                                             DEVON ENERGY CORPORATION                  2,708
                              Avg. Daily Production (LTM): 99,867 MMcfepd
                                                                                                                                                                                 RD SHELL              2,572
                              Implied Prod. / Active Well: 105 Mcfepd                                                                                              ENCANA CORPORATION                  2,539
                                                                                                                                                         OCCIDENTAL ENERGY COMPANY,INC.                2,430
Incremental Wells Drilled                                                                                                                                           APACHE CORPORATION             2,006
                                                                                                                                                            EOG RESOURCES INCORPORATED             1,992
                            60,000                                                                                             80%                       SOUTHWESTERN ENERGY COMPANY              1,391
                                                                                                  49,716                       75%                           THE WILLIAMS COMPANIES, INC          1,323
                            50,000
                                                                                  44,255 44,261                                                                   QUESTAR CORPORATION            1,070
                                                                                                                               70%
                                                                                                                                                          AERA ENERGY SERVICES COMPANY
Incremental Wells Drilled




                                                                         38,757                                                                                                                  966
                            40,000
                                                                33,271                                                         65%                                  EL PASO CORPORATION          888
                                                                                                                                      % Gas Wells

                                     31,373
                                                       29,787                                                                                                   SAMSON OIL & GAS USA INC         887
                            30,000            27,346                                                       27,136              60%
                                                                                                                     24,041                                                  BHP BILLITON        865
                                                                                                                               55%                       NEWFIELD EXPLORATION COMPANY            819
                            20,000
                                                                                                                                                                  MERIT ENERGY COMPANY           771
                                                                                                                               50%
                                                                                                                                                                  SANDRIDGE ENERGY, INC.         769
                            10,000
                                                                                                                               45%                                    NOBLE ENERGY, INC.         763
                                                                                                                                                           KINDER MORGAN INCORPORATED            762
                                0                                                                                              40%
                                     2001     2002     2003     2004     2005     2006   2007     2008     2009     2010                             PIONEER NATURAL RESOURCES COMPANY           742
                                                                                                                  Annualized
                                                                                                                                                                                             0           5,000         10,000    15,000        20,000
                                                                                                   Gas         Oil            % Gas                                                                                    MMcfepd



                                                  U.S. Upstream Almanac
                                                  January 2011                                                                                                                                                                                          11
Continental United States
                                         Production & Well Additions
Rate & Annual Well Additions by Year (Gross)
                   7                                                                                                                   14,533                              16,000
                   6                                                                                                                                                     14,000




                                                                                                                                                                                         Incremental Oil Wells
                                                                                                           10,365    10,602                                        10,93512,000
                   5                                                                          9,705
 Oil (MMBopd)




                                                                                                                                                        9,046
                                                                                                                                                                           10,000
                   4                 7,767                                     7,766
                                                                    7,078
                                                       6,259                                                                                                               8,000
                   3
                                                                                                                                                                           6,000
                   2                                                                                                                                                       4,000
                   1                                                                                                                                                       2,000
                   0                                                                                                                                                       0
                  80                                                                                                                   35,183                              40,000
                                                                                                           33,890    33,659
                  70                                                                                                                                                       35,000
                                                                                             29,052




                                                                                                                                                                                       Incremental Gas Wells
                  60                                                           25,505                                                                                      30,000
  Gas (Bcfpd)




                                    23,606                          22,709
                  50                                   21,087                                                                                                              25,000
                                                                                                                                                        18,090
                  40                                                                                                                                                     20,000
                                                                                                                                                                   13,106
                  30                                                                                                                                                     15,000
                  20                                                                                                                                                       10,000
                  10                                                                                                                                                       5,000
                   0                                                                                                                                                       0
                 120                                                                                                                                                       60,000
                                                                                                                                   49,716
                 100                                                                                       44,255    44,261                                                50,000




                                                                                                                                                                                    Total Incremental Wells
Total (Bcfepd)




                                                                                             38,757
                  80                                                           33,271                                                                                      40,000
                                    31,373                          29,787
                                                       27,346                                                                                           27,136
                  60                                                                                                                                              24,04130,000

                  40                                                                                                                                                       20,000

                  20                                                                                                                                                       10,000

                   0                                                                                                                                                       0
                    Jan-01            Jan-02            Jan-03       Jan-04     Jan-05        Jan-06        Jan-07     Jan-08           Jan-09           Jan-10
                             Prior Years        2001         2002     2003    2004       2005       2006      2007   2008       2009             2010      Wells Drilled


                                 U.S. Upstream Almanac
                                 January 2011                                                                                                                                                                    12
Continental United States
                          Quarterly Permits by Region
Summary

x                                                                                                                                                                                                                                             x




                                                                                                                           23,069

                                                                                                                                    23,239
                 25,000




                                                20,136
                                       20,117




                                                                                                                20,035




                                                                                                                                                 19,663
                                                                                          19,579
                                                                                 19,403
                            18,948




                                                                                                       18,829
                                                             17,972




                                                                      17,912




                                                                                                                                                                                                               16,893

                                                                                                                                                                                                                        15,935
                 20,000




                                                                                                                                                                                                                                     15,680
                                                                                                                                                                                                    14,769
                                                                                                                                                          13,485




                                                                                                                                                                              12,265

                                                                                                                                                                                           12,230
                                                                                                                                                                     11,246
                 15,000


                 10,000


                  5,000


                     0
                            Q1         Q2       Q3           Q4       Q1         Q2       Q3           Q4       Q1         Q2       Q3           Q4       Q1         Q2       Q3           Q4       Q1         Q2       Q3           Q4

                                           2006                                      2007                                      2008                                      2009                                       2010
                                     No.                 %                     No.                 %                     No.                 %                     No.                 %                     No.                 %
Rocky Mountain                   17,026             22.1%                15,633               20.6%                17,384               20.2%                 9,592               19.5%                12,982               20.5%
Eastern U.S.                     15,932             20.6%                15,373               20.3%                16,890               19.6%                11,295               22.9%                10,707               16.9%
Mid-Continent                    12,827             16.6%                12,414               16.4%                14,480               16.8%                 7,129               14.5%                 9,838               15.5%
Permian                           7,919             10.3%                 7,775               10.3%                 9,745               11.3%                 5,556               11.3%                 9,796               15.5%
Gulf Coast                        7,407              9.6%                 7,106                9.4%                 7,689                8.9%                 4,373                8.9%                 6,324               10.0%
Ark-La-Tex                        6,081              7.9%                 6,382                8.4%                 6,903                8.0%                 4,074                8.3%                 4,422                7.0%
West Coast                        5,577              7.2%                 5,617                7.4%                 6,603                7.7%                 3,930                8.0%                 5,512                8.7%
Central Texas                     4,007              5.2%                 5,040                6.7%                 5,950                6.9%                 2,930                6.0%                 3,441                5.4%
Alaska                              185              0.2%                   175                0.2%                   196                0.2%                   182                0.4%                   175                0.3%
Offshore Gom                        212              0.3%                   208                0.3%                   166                0.2%                   165                0.3%                    80                0.1%
Total                            77,173         100.0%                   75,723           100.0%                   86,006           100.0%                   49,226           100.0%                   63,277           100.0%
                                                                                                                                                                                                                                              x


                  U.S. Upstream Almanac
                  January 2011                                                                                                                                                                                                                13
Continental United States
                                   Data by Region
Gross Production by Region                                                                     Permits by Region
                                                                      LTM Production
                                                   Active       Total        % of                                                       LTM Permits
Rank    Region                                     Wells      (Mcfepd)       Total     % Gas   Rank    Region             Drilling   Permit'd   Drilled   Total

   1    ROCKIES                                    131,626    19,178,088     19.1%      80%      1     Rocky Mountain         220      7,935      4,827   12,982
   2    OFFSHORE GOM                                 4,404    16,002,251     15.9%      40%      2     Eastern U.S.           103      8,302      2,302   10,707
   3    ALASKA                                       1,858    12,291,956     12.2%      71%      3     Mid-Continent           95      4,712      5,031    9,838
   4    MID-CON                                    148,532    10,909,741     10.8%      83%      4     Permian                124      3,164      6,508    9,796
   5    PERMIAN                                    124,539    10,175,647     10.1%      46%      5     Gulf Coast              65      3,187      3,072    6,324
   6    GULF COAST                                  49,651     9,780,578      9.7%      73%      6     West Coast              22      3,123      2,367    5,512
   7    ARK-LA-TEX                                  62,078     9,411,247      9.3%      93%      7     Ark-La-Tex              81      2,457      1,884    4,422
   8    CENTRAL TEXAS                               50,568     5,570,803      5.5%      94%      8     Central Texas           41      1,273      2,127    3,441
   9    WEST COAST                                  48,634     3,980,601      4.0%      17%      9     Alaska                   1         80         94      175
  10    EASTERN U.S.                               129,457     2,882,520      2.9%      91%     10     Offshore Gom             4         28         48       80
  11    OFFSHORE PACIFIC                               387       479,864      0.5%      24%     11     Offshore Pacific         0          0          0        0
Total                                              751,735   100,663,296   100.0%       68%    Total                          756     34,261     28,260   63,277




                           U.S. Upstream Almanac
                           January 2011                                                                                                                           14
Continental United States
                                Production by Region
Annual Production by Region

Annual Production                                                                                        Three-Year Compound Annual Growth Rate

                                                                                   19,178
         ROCKIES                                                                                                  ROCKIES                                     3%
                                                                             17,322

                                                                          16,002
   OFFSHORE GOM                                                                                             OFFSHORE GOM                                 2%
                                                                       15,295

                                                            12,292
          ALASKA                                                                                                   ALASKA        (4%)
                                                                    14,060

                                                        10,910
        MID-CON                                                                                                  MID-CON                                           5%
                                                  9,384

                                                    10,176
        PERMIAN                                                                                                  PERMIAN                     (0%)
                                                    10,244

                                                   9,781
      GULF COAST                                                                                               GULF COAST    (6%)
                                                           11,778

                                                  9,411
       ARK-LA-TEX                                                                                               ARK-LA-TEX                                                    10%
                                          6,979

                                       5,571
   CENTRAL TEXAS                                                                                            CENTRAL TEXAS                                                                       21%
                              3,118

                                3,981
      WEST COAST                                                                                               WEST COAST           (4%)
                                  4,503

                              2,883
     EASTERN U.S.                                                                                             EASTERN U.S.            (3%)
                              3,123

                        480
 OFFSHORE PACIFIC                                                               LTM         LTM-3         OFFSHORE PACIFIC   (6%)
                        582

                    0          5,000           10,000            15,000         20,000          25,000                   (10%)       (5%)           0%        5%        10%         15%   20%     25%
                                                    MMcfepd                                                                                    3 Year Compound Annual Growth Rate


                        U.S. Upstream Almanac
                        January 2011                                                                                                                                                                    15
Continental United States
                                        Production by Basin
Annual Production and 3-Year CAGR by Basin (1 – 27)                                                                       Annual Production and 3-Year CAGR by Basin (28 – 54)

      ARCTIC SLOPE                                            11,872           (4%)                                                     RATON                                                  421                            4%
 GOM - DEEPWATER                                            10,742                                  9%                              COOK INLET                                                 420        (9%)
          PERMIAN                                       10,176                                                   33%             POWDER RIVER…                                      292                      (6%)
TX & LA GULF COAST                                  8,679                     (7%)                                              CENTRAL KANSAS…                                     281                                      1%
        ANADARKO                           5,542                                   (1%)                                               BIG HORN                                    265                        (6%)
         FT WORTH                         5,407                                                            22%                  BLACK WARRIOR                                     250                          (5%)
       GOM - SHELF                        5,260                             (9%)                                                  SACRAMENTO                                187                                 (2%)
        EAST TEXAS                        5,247                                                4%                                    SEDGWICK                             165                                                2%
       GREEN RIVER                      4,573                                                  5%                             OUACHITA FOLDED…                            164                                                      12%
             ARKLA                      4,164                                                              23%                        CHEROKEE                            156                                                     7%
          SAN JUAN                 3,588                                       (4%)                                                   VENTURA                         147                                        (0%)
          ARKOMA                   3,317                                                                         31%                  PARADOX                         137                                 (11%)
      SAN JOAQUIN                 2,951                                        (5%)                                                    COASTAL…                     103                                                                      21%
         WILLISTON               2,514                                                               13%                        SANTA BARBARA                   74                                               (1%)
      APPALACHIAN               2,116                                             (2%)                                        SWEET GRASS ARCH                 65                                        (11%)
          PICEANCE              1,974                                                                12%                       LAS ANIMAS ARCH                 64                                                            2%
POWDER RIVER CBM            1,522                                                                   10%                             PALO DURO              50                                                (6%)
             UINTA         1,395                                                                5%                              WASATCH UPLIFT             46                                                                          13%
MS & AL GULF COAST         1,101                                                   (0%)                                       CENTRAL MT UPLIFT            38                                            (11%)
 DENVER JULESBURG          1,047                                                                5%                            NEMAHA ANTICLINE            30                                                                 1%
     CHAUTAUQUA           802                                                                  2%                                   FOREST CITY           22                                                    (1%)
        WIND RIVER        632                                                 (5%)                                               CHADRON ARCH             20                                                                  4%
  CEN. W. O'THRUST        578                                                     (3%)                                        FLORIDA PLATFORM        10                                               (16%)
  S. OK FOLDED BELT       539                                              (10%)                                                   GREAT BASIN        5                                                        (5%)
       LOS ANGELES        516                                                  (3%)                                                     SALINA        4                                                                           7%
         MICHIGAN         507                                                  (5%)                                               N. CALIFORNIA       2                                                   (9%)
  PACIFIC OFFSHORE        480                                                                               125%                   NORTH PARK         1                                                                                       101%

                      0           5,000            10,000        15,000   (20%)           0%         20%         40%                              0                         250                  500    (20%)           0%         20%             40%
                                         MMcfepd                                                                                                                          MMcfepd
                                                                          3-Year Compound Annual Growth Rate                                                                                           3-Year Compound Annual Growth Rate


                          U.S. Upstream Almanac                                          ROCKIES                 WEST COAST         EASTERN U.S.                MID-CON                   ARK-LA-TEX            OFFSHORE GOM
                          January 2011                                                   CENTRAL TEXAS           ALASKA             GULF COAST                  PERMIAN                   OFFSHORE PACIFIC      Total
                                                                                                                                                                                                                                                         16
Continental United States
                                     Permits by Region
Annual Permits by Region

Annual Permits                                                                                                     Annual Increase / (Decrease)

                                                                                                         12,929
Rocky Mountain                                                                                                     Rocky Mountain                                                         75%
                                                                        7,379

                                                                                            10,707
   Eastern U.S.                                                                                                       Eastern U.S.                                        26%
                                                                                8,485

                                                                                        9,891
 Mid-Continent                                                                                                      Mid-Continent                                                  57%
                                                                6,303

                                                                                        9,796
       Permian                                                                                                            Permian                                                                 96%
                                                      4,989

                                                                6,324
     Gulf Coast                                                                                                         Gulf Coast                                                        76%
                                             3,591

                                                            5,512
    West Coast                                                                                                         West Coast                                                         76%
                                        3,132

                                                    4,422
     Ark-La-Tex                                                                                                         Ark-La-Tex                                         31%
                                            3,370

                                            3,441
  Central Texas                                                                                                      Central Texas                                          33%
                                     2,591

                       175
         Alaska                                                                                                             Alaska                             2%
                       172

                       80
 Offshore Gom                                                                                                       Offshore Gom (44%)
                       144

                       0
Offshore Pacific                                                                                                   Offshore Pacific                            0%
                                                                                                                                                               NA
                       0                                                                        2010     2009

                   0         2,000      4,000          6,000        8,000          10,000       12,000    14,000                  (60%)   (40%)   (20%)   0%        20%    40%    60%    80%    100%    120%



                             U.S. Upstream Almanac
                             January 2011                                                                                                                                                                      17
Continental United States
                                         Permits by Basin
Annual Production and 3-Year CAGR by Basin (1 – 24)                                                                  Annual Production and 3-Year CAGR by Basin (25 – 49)

          Appalachian                                    10,035                         25%                                     Sedgwick Basin                                           304                                      91%
        Permian Basin                                    9,796                                      96%                            Sacramento                                      263                                      8%

 Texas & Louisiana Gulf…                        5,739                                             74%                                     Alaska                             175                                            2%

           San Joaquin                       4,450                                                 85%                      Black Warrior Basin                             165                                             18%

        Ft Worth Basin                  3,282                                               31%                            Ouachita Folded Belt                             159                                                    104%

      Denver Julesburg                                                                                    135%                Sweet Grass Arch                          147                                                 15%
                                        3,275
                                                                                                                                       Ventura                          147                                                      75%
           Arkla Basin                 3,086                                                 48%
                                                                                                                                    Wind River                         121                                                  6%
       Anadarko Basin                  3,080                                                      69%
                                                                                                                                     Ca Coastal                        121                                                   38%
              Piceance                2,562                                                       67%
                                                                                                                               Las Animas Arch                        113                                                         98%
              Williston               2,395                                                              127%
                                                                                                                                 Santa Barbara                        112                                                    45%
  Chautauqua Platform            1,558                                                        63%
                                                                                                                                Palo Duro Basin                       108                                                         89%
         Arkoma Basin            1,424                                                 10%
                                                                                                                                          Raton                       104                                                                 197%
      East Texas Basin           1,336                                                 3%
                                                                                                                              Nemaha Anticline                    94                                                         45%
         Powder River           1,185                                                                   114%
                                                                                                                                 Offshore Gom                     80                                      (44%)
                 Uinta          1,140                                                   26%
                                                                                                                                      Big Horn                   68                                                                113%
           Green River          1,089                                                       40%
                                                                                                                         Central Montana Uplift                  63                                             (3%)
      Forest City Basin         987                                                                 93%
                                                                                                                                       Paradox               59                                            (12%)
       Cherokee Basin           947                                                          49%                                  Chadron Arch               53                                                                  56%
  Central Kansas Uplift         915                                                               69%                Central Western Overthrust              52                                                              27%
 Mississippi & Alabama…        585                                                                  98%                            Salina Basin             25                                                                         150%
              San Juan         532                                         (7%)                                                     Great Basin         9                                                (53%)
             Michigan          507                                                                67%                               North Park          8                                                (56%)
           Los Angeles         419                                                                74%                                Park Basin         4                                                                    33%
South Oklahoma Folded…         396                                                                 82%                           Wasatch Uplift         3                                                                    50%

                          0          4,000       8,000   12,000   (100%)          0%          100%          200%                                   0         100        200        300     400   (300%) (150%)         0%        150%     300%
                                         Permits                              Growth 2009-2010                                                                         Permits                            Growth 2009-2010


                              U.S. Upstream Almanac                               ROCKIES                   WEST COAST       EASTERN U.S.              MID-CON                      ARK-LA-TEX          OFFSHORE GOM
                              January 2011                                        CENTRAL TEXAS             ALASKA           GULF COAST                PERMIAN                      OFFSHORE PACIFIC    Total
                                                                                                                                                                                                                                                 18
Continental United States
                               Production by Basin
Gross Production by Basin (1 – 27)                                                        Gross Production by Basin (28 – 54)
                                                                 LTM Production                                                                    LTM Production
                                               Active      Total        % of                                                    Active       Total        % of
Rank   Basin                                   Wells     (Mcfepd)       Total     % Gas   Rank    Basin                         Wells      (Mcfepd)       Total     % Gas
  1    ARCTIC SLOPE                              1,576   11,871,997     11.8%      70%      28    RATON                           3,577      420,546       0.4%     100%
  2    GOM - DEEPWATER                             516   10,741,938     10.7%      28%      29    COOK INLET                        282      419,959       0.4%      86%
  3    PERMIAN                                 124,539   10,175,647     10.1%      46%      30    POWDER RIVER CONVENTIONAL       5,012      292,337       0.3%      22%
  4    TEXAS & LOUISIANA GULF COAST             46,032    8,679,393      8.6%      75%      31    CENTRAL KANSAS UPLIFT          10,511      281,381       0.3%       6%
  5    ANADARKO                                 66,716    5,541,774      5.5%      85%      32    BIG HORN                        3,175      264,800       0.3%      19%
  6    FT WORTH                                 45,032    5,407,170      5.4%      94%      33    BLACK WARRIOR                   4,780      249,998       0.2%      99%
  7    GOM - SHELF                               3,888    5,260,312      5.2%      66%      34    SACRAMENTO                      1,197      186,943       0.2%     100%
  8    EAST TEXAS                               31,395    5,247,052      5.2%      93%      35    SEDGWICK                        5,452      164,843       0.2%      56%
  9    GREEN RIVER                              10,087    4,573,441      4.5%      95%      36    OUACHITA FOLDED BELT            5,536      163,633       0.2%      88%
 10    ARKLA                                    30,683    4,164,196      4.1%      94%      37    CHEROKEE                       13,907      156,256       0.2%      78%
 11    SAN JUAN                                 28,893    3,588,398      3.6%      99%      38    VENTURA                         1,524      147,311       0.1%      14%
 12    ARKOMA                                   14,191    3,317,341      3.3%      99%      39    PARADOX                         1,133      136,649       0.1%      49%
 13    SAN JOAQUIN                              40,210    2,951,301      2.9%      14%      40    COASTAL CALIFORNIA                504      102,642       0.1%       4%
 14    WILLISTON                                 9,730    2,513,903      2.5%      19%      41    SANTA BARBARA                     958       74,346       0.1%      13%
 15    APPALACHIAN                             111,157    2,115,654      2.1%      94%      42    SWEET GRASS ARCH                3,718       65,357       0.1%      71%
 16    PICEANCE                                 10,979    1,973,588      2.0%      94%      43    LAS ANIMAS ARCH                 1,142       64,031       0.1%      51%
 17    POWDER RIVER CBM                         15,467    1,521,653      1.5%     100%      44    PALO DURO                       1,435       49,966       0.0%      31%
 18    UINTA                                     8,380    1,395,115      1.4%      81%      45    WASATCH UPLIFT                     20       45,892       0.0%       0%
 19    MISSISSIPPI & ALABAMA GULF COAST          3,619    1,101,185      1.1%      56%      46    CENTRAL MONTANA UPLIFT            967       37,982       0.0%      70%
 20    DENVER JULESBURG                         23,392    1,047,410      1.0%      67%      47    NEMAHA ANTICLINE                1,995       30,485       0.0%       3%
 21    CHAUTAUQUA PLATFORM                      18,579      802,241      0.8%      69%      48    FOREST CITY                     6,797       22,390       0.0%       6%
 22    WIND RIVER                                2,735      631,898      0.6%      80%      49    CHADRON ARCH                    1,083       20,335       0.0%      15%
 23    CENTRAL WESTERN OVERTHRUST                2,041      578,125      0.6%      95%      50    FLORIDA PLATFORM                   15       10,221       0.0%       2%
 24    SOUTH OKLAHOMA FOLDED BELT                8,753      538,891      0.5%      50%      51    GREAT BASIN                        61        5,468       0.0%       0%
 25    LOS ANGELES                               4,211      515,837      0.5%       9%      52    SALINA                            197        4,173       0.0%       0%
 26    MICHIGAN                                 13,505      506,647      0.5%      79%      53    NORTHERN CALIFORNIA                31        2,222       0.0%     100%
 27    PACIFIC OFFSHORE                            387      479,864      0.5%      24%      54    NORTH PARK                         35        1,158       0.0%      13%
                                                                                          Total                                 751,735   100,663,296   100.0%       68%




                       U.S. Upstream Almanac
                       January 2011                                                                                                                                         19
Continental United States
                              Production by Operator
Gross Production by Operator (1 – 35)                                                      Gross Production by Operator (36 – 70)
                                                                  LTM Production                                                                             LTM Production
                                                 Active     Total        % of                                                             Active     Total          % of
Rank   Company                                   Wells    (MMcfepd)      Total     % Gas   Rank   Company                                 Wells    (MMcfepd)       Total      % Gas
  1    BP AMERICA PRODUCTION COMPANY             12,857      15,533    15.43%       67%     36    CONCHO RESOURCES INC.                    3,214         450      0.447%       37%
  2    EXXON MOBIL CORPORATION                   24,163       6,156     6.12%       85%     37    FOREST OIL CORPORATION                   2,513         448      0.445%       89%
  3    CONOCOPHILLIPS COMPANY                    23,204       5,053     5.02%       65%     38    ENERGEN CORPORATION                      5,386         438      0.435%       76%
  4    CHEVRON, U.S.A., INC.                     28,179       4,654     4.62%       36%     39    ENERVEST OPERATING, LLC                 12,720         407      0.404%       86%
  5    CHESAPEAKE ENERGY CORPORATION             14,836       3,860     3.83%       94%     40    CONTINENTAL RESOURCES, INC.              1,430         401      0.398%       38%
  6    ANADARKO PETROLEUM CORPORATION            19,130       3,490     3.47%       78%     41    YATES CO INTERNATIONAL (YATES FAMILY)    3,333         395      0.393%       91%
  7    DEVON ENERGY CORPORATION                  13,978       2,708     2.69%       93%     42    WHITING PETROLEUM CORPORATION            2,397         381      0.378%       27%
  8    RD SHELL                                   1,221       2,572     2.56%       49%     43    BILL BARRETT CORPORATION                 1,807         351      0.349%       94%
  9    ENCANA CORPORATION                         6,726       2,539     2.52%       96%     44    MARINER ENERGY, INC.                       124         341      0.339%       86%
 10    OCCIDENTAL ENERGY COMPANY,INC.            18,698       2,430     2.41%       40%     45    MURPHY OIL CORPORATION                      98         333      0.331%       19%
 11    APACHE CORPORATION                        12,082       2,006     1.99%       58%     46    LINN OPERATING, LLC                      5,394         329      0.327%       72%
 12    EOG RESOURCES INCORPORATED                 7,176       1,992     1.98%       75%     47    SM ENERGY COMPANY                        1,443         314      0.312%       69%
 13    SOUTHWESTERN ENERGY COMPANY                2,388       1,391     1.38%      100%     48    CABOT OIL & GAS CORPORATION              2,440         309      0.307%       95%
 14    THE WILLIAMS COMPANIES, INC                7,840       1,323     1.31%       99%     49    QUICKSILVER RESOURCES, INC.                837         306      0.304%       98%
 15    QUESTAR CORPORATION                        3,549       1,070     1.06%       94%     50    DENBURY RESOURCES INC.                   1,272         303      0.301%       12%
 16    AERA ENERGY SERVICES COMPANY              11,575         966     0.96%        6%     51    CONSOL GAS COMPANY                       4,564         289      0.287%      100%
 17    EL PASO CORPORATION                        4,961         888     0.88%       90%     52    COMSTOCK RESOURCES                         844         275      0.274%       94%
 18    SAMSON OIL & GAS USA INC                   3,820         887     0.88%       90%     53    W & T OFFSHORE, INC.                       188         272      0.270%       53%
 19    BHP BILLITON                                  31         865     0.86%       11%     54    ENCORE ENERGY, INC.                      1,839         269      0.267%       26%
 20    NEWFIELD EXPLORATION COMPANY               3,151         819     0.81%       79%     55    WALTER OIL & GAS CORPORATION                72         256      0.255%       58%
 21    MERIT ENERGY COMPANY                       5,249         771     0.77%       75%     56    STONE ENERGY CORPORATION                   221         249      0.247%       56%
 22    SANDRIDGE ENERGY, INC.                     3,596         769     0.76%       79%     57    BERRY PETROLEUM COMPANY                  2,146         240      0.238%       43%
 23    NOBLE ENERGY, INC.                        10,544         763     0.76%       69%     58    ENDEAVOR ENERGY RESOURCES, LP            4,467         234      0.232%       42%
 24    KINDER MORGAN INCORPORATED                 1,043         762     0.76%       57%     59    MCMORAN EXPLORATION COMPANY                164         234      0.232%       76%
 25    PIONEER NATURAL RESOURCES COMPANY          9,454         742     0.74%       74%     60    MEWBOURNE HOLDINGS INC                   1,057         218      0.216%       81%
 26    AMERADA HESS CORPORATION                     848         741     0.74%       37%     61    J-W OPERATING COMPANY                      847         214      0.213%       99%
 27    ULTRA PETROLEUM                              589         734     0.73%       96%     62    CONTANGO OPERATORS, INC.                    10         202      0.200%       88%
 28    MARATHON OIL COMPANY                       3,924         712     0.71%       60%     63    HUNT OIL COMPANY                           492         196      0.195%       66%
 29    PETROHAWK ENERGY CORPORATION               1,552         695     0.69%       99%     64    MDU RESOURCES                            3,148         196      0.195%       84%
 30    CIMAREX ENERGY COMPANY                     4,140         656     0.65%       73%     65    LLOG EXPLORATION OFFSHORE, INC.             23         185      0.184%       66%
 31    EXCO RESOURCES, INC.                       5,394         624     0.62%       97%     66    HIGHMOUNT E&P                            5,461         183      0.182%       99%
 32    HILCORP ENERGY COMPANY                     1,557         613     0.61%       62%     67    BOPCO, L.P.                                945         183      0.182%       63%
 33    ENI PETROLEUM CO INC                          75         525     0.52%       59%     68    THUMS LONG BEACH CO.                       810         180      0.179%        6%
 34    RANGE RESOURCES CORPORATION                5,147         468     0.46%       91%     69    CITATION OIL AND GAS CORPORATION         2,152         179      0.177%       23%
 35    PLAINS EXPLORATION & PRODUCTION COMPANY    3,288         463     0.46%       38%     70    UNIT CORPORATION                         1,165         178      0.177%       87%




                      U.S. Upstream Almanac
                      January 2011                                                                                                                                                    20
Continental United States
                              Production by Operator (cont'd)
Gross Production by Operator (71 – 105)                                                  Gross Production by Operator (106 – 140)
                                                                LTM Production                                                                               LTM Production
                                              Active      Total        % of                                                                Active      Total        % of
Rank   Company                                Wells     (MMcfepd)      Total     % Gas   Rank   Company                                    Wells     (MMcfepd)      Total     % Gas
 71    EQT CORPORATION                          4,626         177    0.175%      100%    106    STEPHENS GROUP INC                             833          90    0.089%      100%
 72    SWIFT ENERGY COMPANY                     1,041         162    0.161%       48%    107    LEGACY RESOURCES CO., L.P.                   2,270          89    0.088%       33%
 73    ATP OIL & GAS CORPORATION                   31         153    0.152%       49%    108    EAGLE ROCK ENERGY PARTNERS                     273          88    0.087%       79%
 74    PDC ENERGY                               3,116         152    0.151%       79%    109    SLAWSON EXPLORATION COMPANY, INC.              164          86    0.086%       13%
 75    HELIX                                      119         151    0.150%       61%    110    MARITECH RESOURCES, INC.                       128          85    0.084%       57%
 76    ENERGY XXI, LLC                            134         148    0.147%       29%    111    LAREDO PETROLEUM, INC.                         350          84    0.083%       92%
 77    VENOCO, INC.                               612         142    0.141%       65%    112    QUEST ENERGY LLC                             3,252          84    0.083%       97%
 78    ATLAS RESOURCES LLC                      4,336         142    0.141%       92%    113    PETRO-HUNT CORPORATION                         319          81    0.081%       28%
 79    CARRIZO OIL & GAS, INC.                    279         137    0.136%       97%    114    FASKEN OIL AND RANCH, LTD.                     732          80    0.079%       37%
 80    KAISER-FRANCIS OIL COMPANY               1,213         132    0.131%       89%    115    ENERPLUS RESOURCES USA CORPORATION             197          79    0.079%       17%
 81    PETROQUEST ENERGY, L.L.C.                  378         132    0.131%       85%    116    DAVIS PETROLEUM, INC.                          126          79    0.079%       82%
 82    SHERIDAN PRODUCTION COMPANY, LLC         1,268         131    0.130%       64%    117    NEXEN PETROLEUM USA INC                        100          79    0.078%       48%
 83    BALLARD EXPLORATION COMPANY,INC.            62         131    0.130%       79%    118    LIME ROCK RESOURCES A, L.P.                  1,215          71    0.071%       76%
 84    TALISMAN ENERGY USA INC.                   136         130    0.130%       94%    119    J M HUBER CORPORATION                        1,585          70    0.070%      100%
 85    ROSETTA RESOURCES INC.                     954         128    0.127%       94%    120    T-C OIL COMPANY                                230          69    0.069%       68%
 86    CHAPARRAL ENERGY LLC                     1,511         121    0.120%       60%    121    BASA RESOURCES, INC.                         2,377          68    0.067%       17%
 87    RED WILLOW PRODUCTION, LLC                 356         121    0.120%      100%    122    LEGEND NATURAL GAS III, LP                     354          66    0.066%       88%
 88    STATOIL USA E&P INC.                         1         117    0.117%      100%    123    RESOLUTE NATURAL RESOURCES                     388          66    0.065%       15%
 89    RAAM GLOBAL ENERGY COMPANY                  37         117    0.116%       71%    124    NEW DOMINION LLC                               258          64    0.064%       90%
 90    TEXAS PETROLEUM INVESTMENT CO.           1,316         111    0.110%       28%    125    ALTA MESA SERVICES, LP                          91          63    0.062%       71%
 91    DYNAMIC OFFSHORE RESOURCES, LLC             58         108    0.107%       45%    126    FORTUNA ENERGY, INC.                            92          62    0.062%      100%
 92    ENERGY PARTNERS, LTD.                      188         107    0.106%       65%    127    DCOR, LLC                                      225          61    0.061%       21%
 93    VALENCE OPERATING COMPANY                  474         104    0.104%       96%    128    BRIGHAM OIL & GAS, L.P.                        106          60    0.060%       32%
 94    HELIS WM G ESTATE                           94         104    0.104%       57%    129    WAGNER OIL COMPANY                             226          58    0.058%       82%
 95    DOMINION RESOURCES INC                   5,490         103    0.103%       98%    130    TELLUS OPERATING GROUP, LLC                    395          58    0.057%       56%
 96    BREITBURN ENERGY COMPANY LLC             1,527         102    0.102%       41%    131    KILLAM OIL COMPANY LIMITED                     386          57    0.057%       91%
 97    ANKOR ENERGY LLC                            75         101    0.101%       31%    132    BLACK ELK ENERGY OFFSHORE OPERATIONS LLC        59          57    0.056%       76%
 98    PENN VIRGINIA OIL & GAS CORPORATION      1,208         101    0.100%       91%    133    SOUTHERN BAY OPERATING, LLC                    457          55    0.055%       80%
 99    QUANTUM RESOURCES MANAGEMENT,LLC         1,466          97    0.096%       70%    134    WILDHORSE RESOURCES LLC                        274          55    0.054%       91%
100    LEWIS PETRO PROPERTIES, INC.             1,099          97    0.096%       97%    135    THREE RIVERS OPERATING COMPANY LLC             615          53    0.052%       70%
101    MILAGRO EXPLORATION,LLC                    535          95    0.094%       82%    136    SUMMIT PETROLEUM LLC                           527          51    0.051%       35%
102    NATIONAL FUEL GAS COMPANY                2,049          95    0.094%       48%    137    DELTA PETROLEUM CORPORATION                  1,138          51    0.051%       96%
103    NFR ENERGY, LLC                            558          93    0.093%       98%    138    NADEL & GUSSMAN                                613          50    0.050%       68%
104    GOODRICH PETROLEUM COMPANY                 269          91    0.091%       97%    139    CRIMSON EXPLORATION OPERATING INC              215          50    0.049%       88%
105    ANTERO RESOURCES CORPORATION               527          90    0.090%       97%    140    PISCES ENERGY LLC                               42          49    0.049%       60%




                      U.S. Upstream Almanac
                      January 2011                                                                                                                                                    21
Continental United States
                              Production by Operator (cont'd)
Gross Production by Operator (141 – 175)                                                     Gross Production by Operator (176 – 210)
                                                                    LTM Production                                                                             LTM Production
                                                  Active      Total        % of                                                              Active      Total        % of
Rank   Company                                    Wells     (MMcfepd)      Total     % Gas   Rank     Company                                Wells     (MMcfepd)      Total     % Gas
141    MARUBENI CORPORATION                             5          49    0.049%       47%     176     THOMPSON, J. CLEO                          804          39    0.039%       43%
142    INDIGO MINERALS LLC                            244          49    0.049%       94%     177     DUNCAN OIL & GAS INC.                      187          38    0.038%       74%
143    RICOCHET ENERGY, INC.                           82          47    0.047%       93%     178     PRIMEENERGY CORPORATION                  1,317          38    0.038%       52%
144    ALTEX ENERGY CORPORATION                       130          47    0.047%       96%     179     CML EXPLORATION, LLC                       184          38    0.038%       37%
145    WALTER BLACK WARRIOR BASIN LLC               1,312          47    0.047%      100%     180     BTA OIL PRODUCERS, LLC                     427          37    0.037%       50%
146    GMX RESOURCES, INC.                            173          47    0.046%       97%     181     SUNDOWN ENERGY, INC.                       376          36    0.036%       49%
147    WOLVERINE GAS & OIL COMPANY OF UTAH, LLC        20          46    0.046%        0%     182     TARPON OIL & GAS CO.                        71          36    0.036%       76%
148    WILLIAMS, CLAYTON ENERGY, INC.                 352          46    0.045%       31%     183     GASTAR EXPLORATION TEXAS, LP                40          36    0.035%       99%
149    MANTI EXPLORATION OPERATING LLC                 34          45    0.045%       81%     184     VESS OIL CORPORATION                     1,260          36    0.035%        7%
150    MUREX PETROLEUM CORPORATION                    128          45    0.045%        8%     185     ELM RIDGE RESOURCES INCORPORATED           812          36    0.035%       91%
151    ZENERGY, INC.                                  183          45    0.045%       50%     186     BEUSA ENERGY, INC.                          68          35    0.035%       99%
152    SND OPERATING, LLC                             696          45    0.045%       85%     187     GULFPORT ENERGY CORPORATION                103          35    0.035%       10%
153    HOLMES EXPLORATION, LLC                        113          45    0.045%       51%     188     MIDROC OPERATING COMPANY                    92          35    0.034%       23%
154    SANGUINE GAS EXPLORATION, LLC                   94          45    0.044%       60%     189     SANCHEZ OIL & GAS CORPORATION              116          34    0.034%       80%
155    HEADINGTON OIL COMPANY LIMITED PARTNER         102          44    0.044%       94%     190     CROW CREEK OPERATING COMPANY II, LLC       259          34    0.034%       88%
156    JONES ENERGY, LTD.                             284          44    0.044%       70%     191     PHOENIX EXPLORATION COMPANY LP              22          34    0.034%       84%
157    ENERGY CORPORATION OF AMERICA                3,288          44    0.044%       99%     192     JETTA OPERATING COMPANY, INC.              252          34    0.034%       29%
158    HALL HOUSTON EXPLORATION II L P                 12          43    0.043%       89%     193     CLASSIC OPERATING CO. LLC                  159          34    0.033%       94%
159    PREMIER NATURAL RESOURCES, LLC                 231          43    0.043%       93%     194     FAULCONER,VERNON E.,                       451          33    0.033%       96%
160    BURNETT OIL COMPANY, INC.                      254          43    0.042%       56%     195     BLACK WARRIOR METHANE CORP.                404          33    0.032%      100%
161    TANA EXPLORATION COMPANY LLC                    11          42    0.042%       80%     196     WOODSIDE PETROLEUM                          73          33    0.032%       89%
162    BLACK HILLS CORPORATION                        707          41    0.041%       85%     197     GREAT WESTERN OIL & GAS COMPANY LLC        392          33    0.032%       27%
163    TEXLAND PETROLEUM, L.P.                        559          41    0.041%        8%     198     FINLEY RESOURCES, INC.                     435          33    0.032%       64%
164    MACK ENERGY/OIL COMPANIES                      472          41    0.041%       36%     199     WARD PETROLEUM CORPORATION                 182          33    0.032%       91%
165    R. LACY SERVICES, LTD.                         244          41    0.040%       97%     200     WAGNER & BROWN, LTD.                        96          32    0.032%       88%
166    SOUTHWEST ROYALTIES, INC.                      804          41    0.040%       32%     201     ROSEWOOD RESOURCES, INC.                   954          32    0.032%       98%
167    PATARA OIL & GAS, LLC                          166          40    0.040%       98%     202     HUGHES, DAN A. COMPANY, L.P.               123          32    0.032%       86%
168    TIDELANDS OIL PROD. CO.                        392          40    0.040%        4%     203     FIML NATURAL RESOURCES, LLC                629          32    0.032%       75%
169    STEPHENS & JOHNSON OPERATING COMPANY           807          40    0.040%       39%     204     VENTURE OIL AND GAS INC                     57          32    0.032%       17%
170    APPROACH OPERATING, LLC                        501          40    0.040%       84%     205     SQUARE MILE ENERGY, LLC                     25          32    0.031%       76%
171    SAMUEL GARY JR. & ASSOCIATES, INC.              63          40    0.040%       65%     206     DART OIL AND GAS CORP                    1,112          31    0.031%       89%
172    PABLO ENERGY II, LLC                            78          40    0.040%       95%     207     ERGON INC.                                  36          31    0.031%       70%
173    BEREXCO, INC.                                1,342          39    0.039%       20%     208     MARLIN OIL CORPORATION                     177          31    0.031%       68%
174    MACPHERSON OIL CO.                             235          39    0.039%        0%     209     CRAWLEY PETROLEUM CORPORATION              419          30    0.030%       87%
175    DUNE ENERGY INC.                                88          39    0.039%       63%     210     BROAD OAK ENERGY, INC.                     143          30    0.030%       38%
                                                                                             Others                                          475,771      29,424     29.2%       64%
                                                                                             Total                                           751,735     100,663    100.0%       68%



                      U.S. Upstream Almanac
                      January 2011                                                                                                                                                      22
Continental United States
                                Permits by Basin
Permits by Basin (1 – 24)                                                                Permits by Basin (25 – 49)

                                                              LTM Permits                                                                   LTM Permits
Rank   Basin                                    Drilling   Permit'd   Drilled   Total    Rank    Basin                        Drilling   Permit'd   Drilled   Total
  1    Appalachian                                  102      7,784      2,149   10,035    25     Sedgwick Basin                      1        78        225     304
  2    Permian Basin                                124      3,164      6,508    9,796    26     Sacramento                          0       144        119     263
  3    Texas & Louisiana Gulf Coast Basin            62      2,821      2,856    5,739    27     Alaska                              1        80         94     175
  4    San Joaquin                                   16      2,371      2,063    4,450    28     Black Warrior Basin                 0       113         52     165
  5    Ft Worth Basin                                40      1,170      2,072    3,282    29     Ouachita Folded Belt                1       103         55     159
  6    Denver Julesburg                              28      1,928      1,319    3,275    30     Ventura                             0       105         42     147
  7    Arkla Basin                                   49      1,893      1,144    3,086    31     Sweet Grass Arch                    3       109         35     147
  8    Anadarko Basin                                58        920      2,102    3,080    32     Wind River                          1        87         33     121
  9    Piceance                                      28      1,862        672    2,562    33     Ca Coastal                          3        64         54     121
 10    Williston                                    124      1,029      1,242    2,395    34     Las Animas Arch                     0        45         68     113
 11    Chautauqua Platform                            5      1,066        487    1,558    35     Santa Barbara                       0        99         13     112
 12    Arkoma Basin                                  31        240      1,153    1,424    36     Palo Duro Basin                     0        29         79     108
 13    East Texas Basin                              32        564        740    1,336    37     Raton                               0        89         15     104
 14    Powder River                                   7        919        259    1,185    38     Nemaha Anticline                    0        31         63      94
 15    Uinta                                         11        645        484    1,140    39     Offshore Gom                        4        28         48      80
 16    Green River                                   10        668        411    1,089    40     Big Horn                            1        34         33      68
 17    Forest City Basin                              0        964         23      987    41     Central Montana Uplift              0        41         22      63
 18    Cherokee Basin                                 0        881         66      947    42     Paradox                             1        48         10      59
 19    Central Kansas Uplift                          0        264        651      915    43     Chadron Arch                        0         0         53      53
 20    Mississippi & Alabama Gulf Coast Basin         3        366        216      585    44     Central Western Overthrust          1        42          9      52
 21    San Juan                                       5        370        157      532    45     Salina Basin                        0         9         16      25
 22    Michigan                                       1        405        101      507    46     Great Basin                         0         9          0       9
 23    Los Angeles                                    3        340         76      419    47     North Park                          0         7          1       8
 24    South Oklahoma Folded Belt                     0        230        166      396    48     Park Basin                          0         3          1       4
                                                                                          49     Wasatch Uplift                      0         0          3       3
                                                                                         Total                                    756     34,261     28,260   63,277




                        U.S. Upstream Almanac
                        January 2011                                                                                                                                   23
Continental United States
                              Permits by Operator
Permits by Operator (1 – 35)                                                          Permits by Operator (36 – 70)
                                                            LTM Permits                                                                              LTM Permits
Rank   Company                                Drilling   Permit'd   Drilled   Total   Rank   Company                                   Drilling   Permit'd   Drilled   Total
  1    CHESAPEAKE OPERATING INC                    70      1,420      1,237   2,727    36    CIMAREX ENERGY CO                               6        150        138     294
  2    ANADARKO PETROLEUM CORPORATION              26        975        946   1,947    37    EL PASO EXPLORATION & PRODUCTION COLP           1        144        146     291
  3    CHEVRON USA INC                              9      1,010        606   1,625    38    ULTRA RESOURCES INC                             1        213         71     285
  4    EXXONMOBIL DEVELOPMENT COMPANY              38        746        822   1,606    39    PLAINS EXPLORATION & PRODUCTION COMPANY         1        136        141     278
  5    AERA ENERGY LLC                              1        500        999   1,500    40    TALISMAN ENERGY USA INC                         9        205         63     277
  6    EOG RESOURCES INC                           17        581        862   1,460    41    CONTINENTAL RESOURCES INC                      22         71        181     274
  7    ENCANA OIL & GAS (USA) INC                  30        575        544   1,149    42    EXCO OPERATING COMPANY LP                       4        127        141     272
  8    DEVON ENERGY PRODUCTION COMPANY LP          30        367        654   1,051    43    ENDEAVOR ENERGY RESOURCES LP                    2         97        165     264
  9    WILLIAMS PRODUCTION COMPANY                 12        665        331   1,008    44    PETROLEUM DEVELOPMENT CORPORATION               2        130        131     263
 10    NOBLE ENERGY INC                            11        564        417     992    45    HIGHMOUNT EXPL & PROD LLC                       0         67        194     261
 11    BERRY PETROLEUM COMPANY                      4        571        276     851    46    SAMSON RESOURCES COMPANY                        3        108        135     246
 12    CONOCOPHILLIPS COMPANY                      12        430        363     805    47    KRIEBEL MINERALS INC                            0        204         33     237
 13    EQUITABLE PRODUCTION COMPANY                12        544        220     776    48    ANTERO RESOURCES CORPORATION                    4        175         56     235
 14    OXY USA INC                                  8        352        392     752    49    HESS CORPORATION                                9        129         92     230
 15    PIONEER NATURAL RESOURCES USA INC           23        213        497     733    50    BROAD OAK ENERGY INC                            0          3        219     222
 16    SANDRIDGE ENERGY INC                         3        126        597     726    51    SHELL EXPLORATION & PRODUCTION CO INC           5        110         96     211
 17    SOUTHWESTERN ENERGY                          9        101        600     710    52    LINN OPERATING INC                              7        100         95     202
 18    COG OPERATING LLC                            8        201        456     665    53    CLAYTON WILLIAMS ENERGY INC                     3         94        101     198
 19    US ENERGY EXPLORATION CORPORATION            0        480         91     571    54    HENRY RESOURCES LLC                             1        102         92     195
 20    NEWFIELD EXPLORATION COMPANY                 9        270        280     559    55    MEWBOURNE OIL COMPANY                           2         59        129     190
 21    APACHE CORPORATION                          12        189        347     548    56    VENOCO INC                                      2         90         95     187
 22    EAST RESOURCES INC                           2        431         80     513    57    ROSETTA RESOURCES OPERATING LP                  1         81        104     186
 23    BP AMERICA PRODUCTION COMPANY               16        273        218     507    58    ATLAS RESOURCES INC                             5        107         74     186
 24    OCCIDENTAL OF ELK HILLS INC                  7        289        205     501    59    OK ARENA OPERATING COMPANY                      1         18        165     184
 25    ENERGEN RESOURCES CORPORATION                6        123        308     437    60    CHAPARRAL ENERGY LLC                            0         95         89     184
 26    LANCE OIL & GAS COMPANY INC                  0        342         87     429    61    YATES PETROLEUM CORPORATION                     3        145         35     183
 27    CNX GAS COMPANY LLC                          4        405         17     426    62    CATALYST ENERGY INC                             0        180          0     180
 28    WHITING OIL & GAS CORPORATION               17        197        183     397    63    SENECA RESOURCES CORPORATION                    3        136         40     179
 29    DENBURY ONSHORE LLC                          6        275        105     386    64    DELTA PETROLEUM CORPORATION                     1        174          0     175
 30    BILL BARRETT CORPORATION                     4        276        100     380    65    AMERICAN WARRIOR INC                            0         85         90     175
 31    RANGE RESOURCES CORPORATION                 10        165        172     347    66    GULFPORT ENERGY CORPORATION                     0         99         56     155
 32    HILCORP ENERGY COMPANY                       0        236         95     331    67    ENERVEST OPERATING LLC                          1         99         54     154
 33    FIDELITY EXPLORATION & PRODUCTION CO         3        234         92     329    68    CABOT OIL & GAS CORPORATION                     5         76         67     148
 34    QEP ENERGY COMPANY                           6        205         95     306    69    MARINER ENERGY INC                              0         50         97     147
 35    PETROHAWK OPERATING COMPANY                 16        125        157     298    70    CHIEF OIL & GAS LLC                             3         82         62     147




                      U.S. Upstream Almanac
                      January 2011                                                                                                                                             24
Continental United States
                              Permits by Operator (cont'd)
Permits by Operator (71 – 105)                                                           Permits by Operator (106 – 140)
                                                               LTM Permits                                                                           LTM Permits
Rank   Company                                   Drilling   Permit'd   Drilled   Total   Rank   Company                                Drilling   Permit'd   Drilled   Total
 71    MACPHERSON OIL COMPANY                           1       104         34     139   106    OPAL RESOURCES OPERATING COMPANY LLC          1        47         44       92
 72    SWIFT ENERGY OPERATING LLC                       2        81         55     138   107    FASKEN OIL&RANCH LTD                          4        22         64       90
 73    MARATHON OIL COMPANY                             3        61         72     136   108    CROWNQUEST OPERATING LLC                      2        19         65       86
 74    ENERGY PARTNERS LTD                              0       125          9     134   109    PENNSYLVANIA GENERAL ENERGY CO LLC            0        66         19       85
 75    SLAWSON EXPLORATION COMPANY INC                  5        72         56     133   110    SHERIDAN PRODUCTION COMPANY LLC               2        55         27       84
 76    EXCO RESOURCES INC                               0        64         67     131   111    J & J OPERATING LLC                           0        83          0       83
 77    FOREST OIL CORPORATION                           5        77         48     130   112    MERIT ENERGY COMPANY                          0        63         19       82
 78    BREITBURN ENERGY COMPANY LLC                     0       123          5     128   113    STEVE BURCHETT OIL COMPANY                    0        81          0       81
 79    SNYDER BROTHERS INC                              0       126          0     126   114    BRIGHAM OIL & GAS LP                          4        16         59       79
 80    SM ENERGY COMPANY                                1        21        103     125   115    RELIANCE ENERGY INC                           1        14         62       77
 81    RUNNING FOXES PETROLEUM INC                      1       120          2     123   116    NATIONS PETROLEUM (CALIFORNIA) LLC            0        76          0       76
 82    E & B NATURAL RESOURCES MANAGEMENT CORP          0       122          1     123   117    JUNO OPERATING COMPANY LLC                    0        46         30       76
 83    DOMINION EXPLORATION & PRODUCTION INC            0        86         37     123   118    LAYMON OIL II LLC                             0        75          0       75
 84    UNIT PETROLEUM COMPANY                           3        26         92     121   119    LEGEND NATURAL GAS III LP                     0        23         49       72
 85    PERFORMANCE ENERGY RESOURCES LLC                 0       121          0     121   120    TITUSVILLE OIL & GAS ASSOCIATES INC           0        71          0       71
 86    LEWIS PETRO PROPERTIES INC                       2        12        107     121   121    BIRK PETROLEUM                                0        68          0       68
 87    NEW DOMINION LLC                                 1        20        100     121   122    ABARTA OIL & GAS COMPANY INC                  0        31         37       68
 88    CITATION OIL & GAS CORP                          0        31         90     121   123    OASIS PETROLEUM NORTH AMERICA LLC             6        19         42       67
 89    KINDER MORGAN PRODUCTION COMPANY LLC             0        55         64     119   124    PRIME OPERATING COMPANY                       1        14         51       66
 90    BOBCAT OIL FIELD SERVICE INC                     0       116          0     116   125    MURFIN DRILLING COMPANY INC                   0         0         66       66
 91    COLT ENERGY INC                                  0       114          0     114   126    PETRO-HUNT LLC                                5        37         23       65
 92    R C OIL COMPANY INC                              0       112          0     112   127    QUALITY NATURAL GAS LLC                       0        37         27       64
 93    R J ENTERPRISES                                  0       111          0     111   128    OMNI OIL & GAS INC                            0        11         53       64
 94    LAREDO PETROLEUM INC                             1        19         87     107   129    K P KAUFFMAN COMPANY INC                      0        64          0       64
 95    CARRIZO OIL & GAS INC                            0        43         63     106   130    SAMUEL GARY JR & ASSOCIATES INC               0        15         48       63
 96    THUMS LONG BEACH COMPANY                         1        66         36     103   131    MIDSTATES PETROLEUM COMPANY LLC               2        36         25       63
 97    CONSOL GAS COMPANY                               1        94          8     103   132    JONES ENERGY LTD                              2        21         40       63
 98    FIML NATURAL RESOURCES LLC                       0         9         93     102   133    BOPCO LP                                      0        48         15       63
 99    ALTAVISTA ENERGY INC                             0       101          0     101   134    ZIEGLER-PERU INC                              0        50         11       61
100    WEXPRO COMPANY                                   1        64         34      99   135    TAILWATER INC                                 0        61          0       61
101    TEXAS KEYSTONE INC                               2        62         35      99   136    PENN VIRGINIA OIL & GAS CORPORATION           1        24         35       60
102    QUICKSILVER RESOURCES INC                        1        45         53      99   137    HELIS OIL & GAS COMPANY LLC                   2        40         17       59
103    PATRIOT RESOURCES INC                            1        49         49      99   138    CHOLLA PETROLEUM INC                          0        13         46       59
104    COMSTOCK OIL & GAS LP                            0        49         47      96   139    ANSCHUTZ EXPLORATION CORPORATION              5        24         30       59
105    APPROACH OPERATING LLC                           1        13         82      96   140    CONSTELLATION ENERGY                          0        40         18       58




                      U.S. Upstream Almanac
                      January 2011                                                                                                                                              25
Continental United States
                              Permits by Operator (cont'd)
Permits by Operator (141 – 175)                                                        Permits by Operator (176 – 210)
                                                            LTM Permits                                                                               LTM Permits
Rank   Company                                Drilling   Permit'd   Drilled   Total    Rank     Company                                 Drilling   Permit'd   Drilled   Total
141    J CLEO THOMPSON                               0        13         45       58   176      RKI EXPLORATION & PRODUCTION LLC               0        31         16       47
142    RICK-ROD OIL COMPANY INC                      0        54          3       57   177      BEREXCO LLC                                    0         3         44       47
143    RDT PROPERTIES INC                            0        30         27       57   178      MINARD RUN OIL COMPANY                         0        46          0       46
144    AUGUSTUS ENERGY PARTNERS LLC                  0        23         34       57   179      CONSOLIDATION COAL COMPANY                     0        46          0       46
145    STONE ENERGY CORPORATION                      2        38         16       56   180      BONANZA CREEK ENERGY OPERATING CO LLC          0        39          7       46
146    SUMMIT PETROLEUM LLC                          0         4         52       56   181      PETRO-CANADA RESOURCES (USA) INC               0        31         14       45
147    ROSEWOOD RESOURCES INC                        0        24         32       56   182      WEST BAY EXPLORATION COMPANY                   0        19         25       44
148    LEGADO PERMIAN LLC                            0        45         11       56   183      TEXAS ENERGY OPERATIONS LC                     0        28         16       44
149    BLACK WARRIOR METHANE CORP                    0        56          0       56   184      T-C OIL COMPANY                                0        25         19       44
150    PARSLEY ENERGY OPERATIONS LLC                 2        24         29       55   185      REX ENERGY OPERATING CORPORATION               3        14         27       44
151    MACK ENERGY CORPORATION                       3        37         15       55   186      PENNECO OIL COMPANY INC                        0        40          4       44
152    LCS PRODUCTION COMPANY                        0        27         28       55   187      LIME ROCK RESOURCES A LP                       0        13         31       44
153    J-W OPERATING COMPANY                         0        35         20       55   188      LAYNE ENERGY OPERATING LLC                     0        38          6       44
154    DOWNING-NELSON OIL COMPANY INC                0        55          0       55   189      WOOLSEY OPERATING COMPANY LLC                  0         3         40       43
155    COBRA OIL & GAS CORPORATION                   0        17         37       54   190      PINNACLE GAS RESOURCES INC                     0        43          0       43
156    HIGHLAND OIL&GAS LLC                          0        16         37       53   191      PHARYN RESOURCES LLC                           0        42          0       42
157    WG OPERATING INC                              0         4         48       52   192      BEUSA ENERGY INC                               1        23         18       42
158    MUSKEGON DEVELOPMENT COMPANY                  0        52          0       52   193      SIRIUS ENERGY CORP                             0        41          0       41
159    INTERSTATE GAS MARKETING INC                  0        47          5       52   194      CORDILLERA ENERGY PARTNERS III LLC             1         5         35       41
160    HOWARD DRILLING INC                           0        52          0       52   195      HUNT OIL COMPANY                               4        13         23       40
161    VAL ENERGY INC                                0         4         47       51   196      RICKY BELL                                     0        39          0       39
162    STEPHENS PRODUCTION COMPANY                   0         9         41       50   197      OXFORD OIL COMPANY                             0        39          0       39
163    LARAMIE ENERGY II LLC                         1        38         11       50   198      MARITECH RESOURCES INC                         0        29         10       39
164    HOWELL PETROLEUM CORPORATION                  0        39         11       50   199      H R STASNEY & SONS LTD                         0        30          9       39
165    EDWARD MIKE DAVIS LLC                         0        29         21       50   200      GOODRICH PETROLEUM COMPANY                     0        16         23       39
166    EDWARD E BIRK                                 0        50          0       50   201      SAVOY ENERGY LP                                1        32          5       38
167    ALLEGHENY ENTERPRISES INC                     0        50          0       50   202      QUEST CHEROKEE LLC                             0        37          1       38
168    TELLUS OPERATING GROUP LLC                    1        37         11       49   203      NFR ENERGY LLC                                 0        10         28       38
169    SAGEBRUSH RESOURCES LLC                       0        27         22       49   204      MILAGRO EXPLORATION LLC                        0        27         11       38
170    L D DRILLING INC                              0         5         44       49   205      BLACK RAVEN ENERGY INC                         0        21         17       38
171    THREE SISTERS PETROLEUM INC                   0        48          0       48   206      TEXLAND PETROLEUM LP                           0        15         22       37
172    PLANTATION OPERATING LLC                      0        28         20       48   207      MOUNTAIN VIEW ENERGY INC                       0        37          0       37
173    PARALLEL PETROLEUM LLC                        0         3         45       48   208      AMERICAN OIL & GAS INC                         1        11         25       37
174    ELEMENT PETROLEUM OPERATING LLC               1        18         29       48   209      TOWN OIL COMPANY INC                           0        36          0       36
175    WINDSOR PERMIAN LLC                           0        18         29       47   210      ENERPLUS RESOURCES USA CORPORATION             0        25         11       36
                                                                                       Others                                              560     24,542      21,093   46,195
                                                                                       Total                                                759     34,410     28,348   63,517




                      U.S. Upstream Almanac
                      January 2011                                                                                                                                               26

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ALMANAC_TEST

  • 1. U.S. Upstream Almanac January 2011
  • 2. U.S. Upstream Almanac January 2011 Table of Contents 1. Introduction 4 2. Continental United States 8 3. Rocky Mountain Region 30 4. Alaska Region 159 5. Offshore GoM Region 173 6. Gulf Coast Region 187 7. Mid-Continent Region 208 8. Permian Region 283 9. Ark-LA-Tex Region 291 10. Central Texas Region 312 11. West Coast Region 333 12. Eastern U.S. Region 374 13. Offshore Pacific Region 404 Data Source: HPDI, LLC. Production data as of August 2010; permitting data as of January 2011 U.S. Upstream Almanac January 2011 2
  • 4. Introduction Key Themes Oil Plays Are Being Targeted1 As the oil price/gas price 26.00x 8.0 80% ratio has climbed from 8x to nearly 26x, drillers have progressively 7.0 focused more efforts to 6.4 6.5 oil-rich plays 6.3 6.1 21.00x 6.0 5.7 70% The graph at right 5.5 compares: Total oil and gas wells % Gas of Total Wells Drilled 4.7 drilled (blue/gray 4.6 Oil Price / Gas Price 4.5 Wells Drilled (000's) bars) The percentage of 16.00x 4.0 3.9 3.9 60% wells drilled targeting 3.6 gas (red line) 3.3 3.1 The oil/gas price ratio 2.9 (blue line) Gas plays are clearly 11.00x 2.0 50% losing favor as gas wells have dropped from ~75% of total wells drilled in Q1 2007 to ~45% in Q4 2010 6.00x 0.0 40% 2007 Q1 2007 Q2 2007 Q3 2007 Q4 2008 Q1 2008 Q2 2008 Q3 2008 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2010 Q1 2010 Q2 2010 Q3 2010 Q4 Gas Wells Drilled Oil Wells Drilled % Gas Wells Oil Price / Gas Price ________________________________________ U.S. Upstream Almanac 1. Wells drilled are based on permits "At Total Depth" with timing based on permit granted date. Only wells classified as "Oil", "Gas" or 4 "CBM" are included (i.e., well types including Injection, CO2, Oil & Gas, Unclassified, etc. were excluded) January 2011
  • 5. Introduction Key Themes (cont'd) Horizontal Wells Are Increasing1 9,000 90% As horizontal drilling 8,149 8,121 techniques are refined 8,049 7,950 and optimized, an 7,559 7,413 increasing proportion of 7,351 7,151 wells drilled are utilizing 6,988 6,840 this technology 6,643 Since Q1 2006, horizontal wells have increased from 6,000 60% 9% of total wells drilled to 5,034 34% Q4 2010 4,493 Wells Drilled 4,331 % of Total In the same time period, 4,040 vertical wells have 3,631 dropped from 81% of 3,351 3,275 3,139 total wells drilled to 57% 2,891 3,000 30% 2,458 2,289 2,143 2,122 2,093 1,986 1,932 1,765 1,758 1,650 1,616 1,521 1,408 1,323 1,320 1,201 1,102 1,041 1,008 903 0 0% 2006 Q1 2006 Q2 2006 Q3 2006 Q4 2007 Q1 2007 Q2 2007 Q3 2007 Q4 2008 Q1 2008 Q2 2008 Q3 2008 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2010 Q1 2010 Q2 2010 Q3 2010 Q4 Horizontal Vertical % Horizontal % Vertical ________________________________________ U.S. Upstream Almanac 1. Wells drilled are based on permits "At Total Depth" with timing based on permit granted date. Directional are not shown on graph but 5 are included in "% of Total" calculations January 2011
  • 6. Introduction Key Themes (cont'd) Top Horizontal Plays 1,353 Barnett 0.45x The Barnett Shale 3,030 retained the top spot for 970 Marcellus 10.66x horizontally drilled 91 formation, but also came 820 Haynesville 7.39x up the biggest loser in 111 terms of growth Fayetteville 812 0.88x 928 The Eagleford, Niobrara, 724 Marcellus and Haynesville Eagleford 45.25x 16 shales showed the largest 575 Bakken 0.97x two-year growth, with 591 multiples ranging from 280 Woodford 1.07x 10x to 45x from 2008 to 261 2010 181 Cleveland 1.01x 180 Moderate gains were 171 seen in the Granite Wash, Granite Wash 61 2.80x Bone Spring, 120 Mississippian and Bone Spring 3.53x 34 Spraberry Wolfcamp 102 Austin Chalk 0.80x formations 128 95 The Bakken, Woodford Niobrara 13.57x 7 and Cleveland held 93 relatively flat, while the Mississippi 24 3.88x Fayetteville, Austin Chalk 83 and Cotton Valley showed Spraberry Wolfcamp 66 1.26x negative growth 80 Cotton Valley 2010 2008 0.68x 118 0 500 1,000 1,500 0.00x 10.00x 20.00x 30.00x 40.00x 50.00x Horizontal Wells Drilled Two-Year Growth (2008-2010) ________________________________________ U.S. Upstream Almanac 1. Wells drilled are based on permits "At Total Depth" with timing based on permit granted date. 6 January 2011
  • 7. Introduction Key Themes (cont'd) Top Horizontal Areas 3,468 TX 0.84x Texas retained the top 4,114 spot by a wide margin for 1,005 ND 1.45x horizontal wells drilled, 691 but came up a loser in 923 OK 1.02x terms of growth 908 911 The biggest growth LA 169 5.39x occurred in Colorado, 881 Pennsylvania, Louisiana PA 5.76x 153 and New Mexico driven by 822 AR 0.86x the Niobrara, Marcellus, 959 Haynesville and Bone 239 NM 2.37x Spring/Spraberry, 101 respectively 150 KY 0.70x 215 118 WV 1.01x 117 107 CO 7.13x 15 74 MT 1.14x 65 55 WY 1.53x 36 43 IN 1.65x 26 20 MS 0.63x 32 19 MI 2010 2008 0.34x 56 0 1,500 3,000 4,500 0.00x 5.00x 10.00x Horizontal Wells Drilled Two-Year Growth (2008-2010) ________________________________________ U.S. Upstream Almanac 1. Wells drilled are based on permits "At Total Depth" with timing based on permit granted date. 7 January 2011
  • 8. Introduction Presentation Guide Organization & Flow Standard Slides Integral Advisors' US Upstream Almanac is a comprehensive Introduction Slide analysis of drilling and permitting data, providing key insights that Key information oil & gas professionals find useful Top producers and permitters The Almanac is organized in order of increased detail, beginning Well & permit activity map with the Continental United States, followed by Regions, and ending with Basins. Integral worked with our data provider HPDI, LLC (www.hpdi.com) to parse production and permitting data out into 54 specific basins, Vintaged Rate & Well Additions which Integral has further grouped in 12 regions Production and well additions by year since 2001 There are two key data sets in the Almanac: Data parsed by gas, oil and total Historical Activity: Historical production and well additions are equivalent broken out by oil and gas, and top operators are ranked over the last twelve month ("LTM") time period Future Activity: Permitting activity is broken out by operator Quarterly Permits and targeted formation Top formations permitted over last 5 years Continental United States Shown quarterly on graph, with annual data below Regions (12) (Rockies, Alaska, Offshore GoM, etc.) Tabular Data Basins (54) Top producers and permitters shown (Green River, DJ, for last twelve months ("LTM") Sacramento, etc.) U.S. Upstream Almanac January 2011 8
  • 9. Continental United States U.S. Upstream Almanac January 2011
  • 10. INSERT 11X17 MAP FOLDED HERE U.S. Upstream Almanac January 2011 10
  • 11. Continental United States Overview Continental U.S. Summary Production Statistics Top Operators by Production (LTM) Wells Drilled: 2,800,000+ BP AMERICA PRODUCTION COMPANY 15,533 EXXON MOBIL CORPORATION 6,156 First Reported Production: 1900 CONOCOPHILLIPS COMPANY 5,053 % Gas (LTM Production): 69% CHEVRON, U.S.A., INC. 4,654 Cum. Production: 891.8 Tcf (gas) & 116,799 MMBbl (oil) CHESAPEAKE ENERGY CORPORATION 3,860 No. Active Wells: 954,541 ANADARKO PETROLEUM CORPORATION 3,490 DEVON ENERGY CORPORATION 2,708 Avg. Daily Production (LTM): 99,867 MMcfepd RD SHELL 2,572 Implied Prod. / Active Well: 105 Mcfepd ENCANA CORPORATION 2,539 OCCIDENTAL ENERGY COMPANY,INC. 2,430 Incremental Wells Drilled APACHE CORPORATION 2,006 EOG RESOURCES INCORPORATED 1,992 60,000 80% SOUTHWESTERN ENERGY COMPANY 1,391 49,716 75% THE WILLIAMS COMPANIES, INC 1,323 50,000 44,255 44,261 QUESTAR CORPORATION 1,070 70% AERA ENERGY SERVICES COMPANY Incremental Wells Drilled 38,757 966 40,000 33,271 65% EL PASO CORPORATION 888 % Gas Wells 31,373 29,787 SAMSON OIL & GAS USA INC 887 30,000 27,346 27,136 60% 24,041 BHP BILLITON 865 55% NEWFIELD EXPLORATION COMPANY 819 20,000 MERIT ENERGY COMPANY 771 50% SANDRIDGE ENERGY, INC. 769 10,000 45% NOBLE ENERGY, INC. 763 KINDER MORGAN INCORPORATED 762 0 40% 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 PIONEER NATURAL RESOURCES COMPANY 742 Annualized 0 5,000 10,000 15,000 20,000 Gas Oil % Gas MMcfepd U.S. Upstream Almanac January 2011 11
  • 12. Continental United States Production & Well Additions Rate & Annual Well Additions by Year (Gross) 7 14,533 16,000 6 14,000 Incremental Oil Wells 10,365 10,602 10,93512,000 5 9,705 Oil (MMBopd) 9,046 10,000 4 7,767 7,766 7,078 6,259 8,000 3 6,000 2 4,000 1 2,000 0 0 80 35,183 40,000 33,890 33,659 70 35,000 29,052 Incremental Gas Wells 60 25,505 30,000 Gas (Bcfpd) 23,606 22,709 50 21,087 25,000 18,090 40 20,000 13,106 30 15,000 20 10,000 10 5,000 0 0 120 60,000 49,716 100 44,255 44,261 50,000 Total Incremental Wells Total (Bcfepd) 38,757 80 33,271 40,000 31,373 29,787 27,346 27,136 60 24,04130,000 40 20,000 20 10,000 0 0 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Prior Years 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Wells Drilled U.S. Upstream Almanac January 2011 12
  • 13. Continental United States Quarterly Permits by Region Summary x x 23,069 23,239 25,000 20,136 20,117 20,035 19,663 19,579 19,403 18,948 18,829 17,972 17,912 16,893 15,935 20,000 15,680 14,769 13,485 12,265 12,230 11,246 15,000 10,000 5,000 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2006 2007 2008 2009 2010 No. % No. % No. % No. % No. % Rocky Mountain 17,026 22.1% 15,633 20.6% 17,384 20.2% 9,592 19.5% 12,982 20.5% Eastern U.S. 15,932 20.6% 15,373 20.3% 16,890 19.6% 11,295 22.9% 10,707 16.9% Mid-Continent 12,827 16.6% 12,414 16.4% 14,480 16.8% 7,129 14.5% 9,838 15.5% Permian 7,919 10.3% 7,775 10.3% 9,745 11.3% 5,556 11.3% 9,796 15.5% Gulf Coast 7,407 9.6% 7,106 9.4% 7,689 8.9% 4,373 8.9% 6,324 10.0% Ark-La-Tex 6,081 7.9% 6,382 8.4% 6,903 8.0% 4,074 8.3% 4,422 7.0% West Coast 5,577 7.2% 5,617 7.4% 6,603 7.7% 3,930 8.0% 5,512 8.7% Central Texas 4,007 5.2% 5,040 6.7% 5,950 6.9% 2,930 6.0% 3,441 5.4% Alaska 185 0.2% 175 0.2% 196 0.2% 182 0.4% 175 0.3% Offshore Gom 212 0.3% 208 0.3% 166 0.2% 165 0.3% 80 0.1% Total 77,173 100.0% 75,723 100.0% 86,006 100.0% 49,226 100.0% 63,277 100.0% x U.S. Upstream Almanac January 2011 13
  • 14. Continental United States Data by Region Gross Production by Region Permits by Region LTM Production Active Total % of LTM Permits Rank Region Wells (Mcfepd) Total % Gas Rank Region Drilling Permit'd Drilled Total 1 ROCKIES 131,626 19,178,088 19.1% 80% 1 Rocky Mountain 220 7,935 4,827 12,982 2 OFFSHORE GOM 4,404 16,002,251 15.9% 40% 2 Eastern U.S. 103 8,302 2,302 10,707 3 ALASKA 1,858 12,291,956 12.2% 71% 3 Mid-Continent 95 4,712 5,031 9,838 4 MID-CON 148,532 10,909,741 10.8% 83% 4 Permian 124 3,164 6,508 9,796 5 PERMIAN 124,539 10,175,647 10.1% 46% 5 Gulf Coast 65 3,187 3,072 6,324 6 GULF COAST 49,651 9,780,578 9.7% 73% 6 West Coast 22 3,123 2,367 5,512 7 ARK-LA-TEX 62,078 9,411,247 9.3% 93% 7 Ark-La-Tex 81 2,457 1,884 4,422 8 CENTRAL TEXAS 50,568 5,570,803 5.5% 94% 8 Central Texas 41 1,273 2,127 3,441 9 WEST COAST 48,634 3,980,601 4.0% 17% 9 Alaska 1 80 94 175 10 EASTERN U.S. 129,457 2,882,520 2.9% 91% 10 Offshore Gom 4 28 48 80 11 OFFSHORE PACIFIC 387 479,864 0.5% 24% 11 Offshore Pacific 0 0 0 0 Total 751,735 100,663,296 100.0% 68% Total 756 34,261 28,260 63,277 U.S. Upstream Almanac January 2011 14
  • 15. Continental United States Production by Region Annual Production by Region Annual Production Three-Year Compound Annual Growth Rate 19,178 ROCKIES ROCKIES 3% 17,322 16,002 OFFSHORE GOM OFFSHORE GOM 2% 15,295 12,292 ALASKA ALASKA (4%) 14,060 10,910 MID-CON MID-CON 5% 9,384 10,176 PERMIAN PERMIAN (0%) 10,244 9,781 GULF COAST GULF COAST (6%) 11,778 9,411 ARK-LA-TEX ARK-LA-TEX 10% 6,979 5,571 CENTRAL TEXAS CENTRAL TEXAS 21% 3,118 3,981 WEST COAST WEST COAST (4%) 4,503 2,883 EASTERN U.S. EASTERN U.S. (3%) 3,123 480 OFFSHORE PACIFIC LTM LTM-3 OFFSHORE PACIFIC (6%) 582 0 5,000 10,000 15,000 20,000 25,000 (10%) (5%) 0% 5% 10% 15% 20% 25% MMcfepd 3 Year Compound Annual Growth Rate U.S. Upstream Almanac January 2011 15
  • 16. Continental United States Production by Basin Annual Production and 3-Year CAGR by Basin (1 – 27) Annual Production and 3-Year CAGR by Basin (28 – 54) ARCTIC SLOPE 11,872 (4%) RATON 421 4% GOM - DEEPWATER 10,742 9% COOK INLET 420 (9%) PERMIAN 10,176 33% POWDER RIVER… 292 (6%) TX & LA GULF COAST 8,679 (7%) CENTRAL KANSAS… 281 1% ANADARKO 5,542 (1%) BIG HORN 265 (6%) FT WORTH 5,407 22% BLACK WARRIOR 250 (5%) GOM - SHELF 5,260 (9%) SACRAMENTO 187 (2%) EAST TEXAS 5,247 4% SEDGWICK 165 2% GREEN RIVER 4,573 5% OUACHITA FOLDED… 164 12% ARKLA 4,164 23% CHEROKEE 156 7% SAN JUAN 3,588 (4%) VENTURA 147 (0%) ARKOMA 3,317 31% PARADOX 137 (11%) SAN JOAQUIN 2,951 (5%) COASTAL… 103 21% WILLISTON 2,514 13% SANTA BARBARA 74 (1%) APPALACHIAN 2,116 (2%) SWEET GRASS ARCH 65 (11%) PICEANCE 1,974 12% LAS ANIMAS ARCH 64 2% POWDER RIVER CBM 1,522 10% PALO DURO 50 (6%) UINTA 1,395 5% WASATCH UPLIFT 46 13% MS & AL GULF COAST 1,101 (0%) CENTRAL MT UPLIFT 38 (11%) DENVER JULESBURG 1,047 5% NEMAHA ANTICLINE 30 1% CHAUTAUQUA 802 2% FOREST CITY 22 (1%) WIND RIVER 632 (5%) CHADRON ARCH 20 4% CEN. W. O'THRUST 578 (3%) FLORIDA PLATFORM 10 (16%) S. OK FOLDED BELT 539 (10%) GREAT BASIN 5 (5%) LOS ANGELES 516 (3%) SALINA 4 7% MICHIGAN 507 (5%) N. CALIFORNIA 2 (9%) PACIFIC OFFSHORE 480 125% NORTH PARK 1 101% 0 5,000 10,000 15,000 (20%) 0% 20% 40% 0 250 500 (20%) 0% 20% 40% MMcfepd MMcfepd 3-Year Compound Annual Growth Rate 3-Year Compound Annual Growth Rate U.S. Upstream Almanac ROCKIES WEST COAST EASTERN U.S. MID-CON ARK-LA-TEX OFFSHORE GOM January 2011 CENTRAL TEXAS ALASKA GULF COAST PERMIAN OFFSHORE PACIFIC Total 16
  • 17. Continental United States Permits by Region Annual Permits by Region Annual Permits Annual Increase / (Decrease) 12,929 Rocky Mountain Rocky Mountain 75% 7,379 10,707 Eastern U.S. Eastern U.S. 26% 8,485 9,891 Mid-Continent Mid-Continent 57% 6,303 9,796 Permian Permian 96% 4,989 6,324 Gulf Coast Gulf Coast 76% 3,591 5,512 West Coast West Coast 76% 3,132 4,422 Ark-La-Tex Ark-La-Tex 31% 3,370 3,441 Central Texas Central Texas 33% 2,591 175 Alaska Alaska 2% 172 80 Offshore Gom Offshore Gom (44%) 144 0 Offshore Pacific Offshore Pacific 0% NA 0 2010 2009 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 (60%) (40%) (20%) 0% 20% 40% 60% 80% 100% 120% U.S. Upstream Almanac January 2011 17
  • 18. Continental United States Permits by Basin Annual Production and 3-Year CAGR by Basin (1 – 24) Annual Production and 3-Year CAGR by Basin (25 – 49) Appalachian 10,035 25% Sedgwick Basin 304 91% Permian Basin 9,796 96% Sacramento 263 8% Texas & Louisiana Gulf… 5,739 74% Alaska 175 2% San Joaquin 4,450 85% Black Warrior Basin 165 18% Ft Worth Basin 3,282 31% Ouachita Folded Belt 159 104% Denver Julesburg 135% Sweet Grass Arch 147 15% 3,275 Ventura 147 75% Arkla Basin 3,086 48% Wind River 121 6% Anadarko Basin 3,080 69% Ca Coastal 121 38% Piceance 2,562 67% Las Animas Arch 113 98% Williston 2,395 127% Santa Barbara 112 45% Chautauqua Platform 1,558 63% Palo Duro Basin 108 89% Arkoma Basin 1,424 10% Raton 104 197% East Texas Basin 1,336 3% Nemaha Anticline 94 45% Powder River 1,185 114% Offshore Gom 80 (44%) Uinta 1,140 26% Big Horn 68 113% Green River 1,089 40% Central Montana Uplift 63 (3%) Forest City Basin 987 93% Paradox 59 (12%) Cherokee Basin 947 49% Chadron Arch 53 56% Central Kansas Uplift 915 69% Central Western Overthrust 52 27% Mississippi & Alabama… 585 98% Salina Basin 25 150% San Juan 532 (7%) Great Basin 9 (53%) Michigan 507 67% North Park 8 (56%) Los Angeles 419 74% Park Basin 4 33% South Oklahoma Folded… 396 82% Wasatch Uplift 3 50% 0 4,000 8,000 12,000 (100%) 0% 100% 200% 0 100 200 300 400 (300%) (150%) 0% 150% 300% Permits Growth 2009-2010 Permits Growth 2009-2010 U.S. Upstream Almanac ROCKIES WEST COAST EASTERN U.S. MID-CON ARK-LA-TEX OFFSHORE GOM January 2011 CENTRAL TEXAS ALASKA GULF COAST PERMIAN OFFSHORE PACIFIC Total 18
  • 19. Continental United States Production by Basin Gross Production by Basin (1 – 27) Gross Production by Basin (28 – 54) LTM Production LTM Production Active Total % of Active Total % of Rank Basin Wells (Mcfepd) Total % Gas Rank Basin Wells (Mcfepd) Total % Gas 1 ARCTIC SLOPE 1,576 11,871,997 11.8% 70% 28 RATON 3,577 420,546 0.4% 100% 2 GOM - DEEPWATER 516 10,741,938 10.7% 28% 29 COOK INLET 282 419,959 0.4% 86% 3 PERMIAN 124,539 10,175,647 10.1% 46% 30 POWDER RIVER CONVENTIONAL 5,012 292,337 0.3% 22% 4 TEXAS & LOUISIANA GULF COAST 46,032 8,679,393 8.6% 75% 31 CENTRAL KANSAS UPLIFT 10,511 281,381 0.3% 6% 5 ANADARKO 66,716 5,541,774 5.5% 85% 32 BIG HORN 3,175 264,800 0.3% 19% 6 FT WORTH 45,032 5,407,170 5.4% 94% 33 BLACK WARRIOR 4,780 249,998 0.2% 99% 7 GOM - SHELF 3,888 5,260,312 5.2% 66% 34 SACRAMENTO 1,197 186,943 0.2% 100% 8 EAST TEXAS 31,395 5,247,052 5.2% 93% 35 SEDGWICK 5,452 164,843 0.2% 56% 9 GREEN RIVER 10,087 4,573,441 4.5% 95% 36 OUACHITA FOLDED BELT 5,536 163,633 0.2% 88% 10 ARKLA 30,683 4,164,196 4.1% 94% 37 CHEROKEE 13,907 156,256 0.2% 78% 11 SAN JUAN 28,893 3,588,398 3.6% 99% 38 VENTURA 1,524 147,311 0.1% 14% 12 ARKOMA 14,191 3,317,341 3.3% 99% 39 PARADOX 1,133 136,649 0.1% 49% 13 SAN JOAQUIN 40,210 2,951,301 2.9% 14% 40 COASTAL CALIFORNIA 504 102,642 0.1% 4% 14 WILLISTON 9,730 2,513,903 2.5% 19% 41 SANTA BARBARA 958 74,346 0.1% 13% 15 APPALACHIAN 111,157 2,115,654 2.1% 94% 42 SWEET GRASS ARCH 3,718 65,357 0.1% 71% 16 PICEANCE 10,979 1,973,588 2.0% 94% 43 LAS ANIMAS ARCH 1,142 64,031 0.1% 51% 17 POWDER RIVER CBM 15,467 1,521,653 1.5% 100% 44 PALO DURO 1,435 49,966 0.0% 31% 18 UINTA 8,380 1,395,115 1.4% 81% 45 WASATCH UPLIFT 20 45,892 0.0% 0% 19 MISSISSIPPI & ALABAMA GULF COAST 3,619 1,101,185 1.1% 56% 46 CENTRAL MONTANA UPLIFT 967 37,982 0.0% 70% 20 DENVER JULESBURG 23,392 1,047,410 1.0% 67% 47 NEMAHA ANTICLINE 1,995 30,485 0.0% 3% 21 CHAUTAUQUA PLATFORM 18,579 802,241 0.8% 69% 48 FOREST CITY 6,797 22,390 0.0% 6% 22 WIND RIVER 2,735 631,898 0.6% 80% 49 CHADRON ARCH 1,083 20,335 0.0% 15% 23 CENTRAL WESTERN OVERTHRUST 2,041 578,125 0.6% 95% 50 FLORIDA PLATFORM 15 10,221 0.0% 2% 24 SOUTH OKLAHOMA FOLDED BELT 8,753 538,891 0.5% 50% 51 GREAT BASIN 61 5,468 0.0% 0% 25 LOS ANGELES 4,211 515,837 0.5% 9% 52 SALINA 197 4,173 0.0% 0% 26 MICHIGAN 13,505 506,647 0.5% 79% 53 NORTHERN CALIFORNIA 31 2,222 0.0% 100% 27 PACIFIC OFFSHORE 387 479,864 0.5% 24% 54 NORTH PARK 35 1,158 0.0% 13% Total 751,735 100,663,296 100.0% 68% U.S. Upstream Almanac January 2011 19
  • 20. Continental United States Production by Operator Gross Production by Operator (1 – 35) Gross Production by Operator (36 – 70) LTM Production LTM Production Active Total % of Active Total % of Rank Company Wells (MMcfepd) Total % Gas Rank Company Wells (MMcfepd) Total % Gas 1 BP AMERICA PRODUCTION COMPANY 12,857 15,533 15.43% 67% 36 CONCHO RESOURCES INC. 3,214 450 0.447% 37% 2 EXXON MOBIL CORPORATION 24,163 6,156 6.12% 85% 37 FOREST OIL CORPORATION 2,513 448 0.445% 89% 3 CONOCOPHILLIPS COMPANY 23,204 5,053 5.02% 65% 38 ENERGEN CORPORATION 5,386 438 0.435% 76% 4 CHEVRON, U.S.A., INC. 28,179 4,654 4.62% 36% 39 ENERVEST OPERATING, LLC 12,720 407 0.404% 86% 5 CHESAPEAKE ENERGY CORPORATION 14,836 3,860 3.83% 94% 40 CONTINENTAL RESOURCES, INC. 1,430 401 0.398% 38% 6 ANADARKO PETROLEUM CORPORATION 19,130 3,490 3.47% 78% 41 YATES CO INTERNATIONAL (YATES FAMILY) 3,333 395 0.393% 91% 7 DEVON ENERGY CORPORATION 13,978 2,708 2.69% 93% 42 WHITING PETROLEUM CORPORATION 2,397 381 0.378% 27% 8 RD SHELL 1,221 2,572 2.56% 49% 43 BILL BARRETT CORPORATION 1,807 351 0.349% 94% 9 ENCANA CORPORATION 6,726 2,539 2.52% 96% 44 MARINER ENERGY, INC. 124 341 0.339% 86% 10 OCCIDENTAL ENERGY COMPANY,INC. 18,698 2,430 2.41% 40% 45 MURPHY OIL CORPORATION 98 333 0.331% 19% 11 APACHE CORPORATION 12,082 2,006 1.99% 58% 46 LINN OPERATING, LLC 5,394 329 0.327% 72% 12 EOG RESOURCES INCORPORATED 7,176 1,992 1.98% 75% 47 SM ENERGY COMPANY 1,443 314 0.312% 69% 13 SOUTHWESTERN ENERGY COMPANY 2,388 1,391 1.38% 100% 48 CABOT OIL & GAS CORPORATION 2,440 309 0.307% 95% 14 THE WILLIAMS COMPANIES, INC 7,840 1,323 1.31% 99% 49 QUICKSILVER RESOURCES, INC. 837 306 0.304% 98% 15 QUESTAR CORPORATION 3,549 1,070 1.06% 94% 50 DENBURY RESOURCES INC. 1,272 303 0.301% 12% 16 AERA ENERGY SERVICES COMPANY 11,575 966 0.96% 6% 51 CONSOL GAS COMPANY 4,564 289 0.287% 100% 17 EL PASO CORPORATION 4,961 888 0.88% 90% 52 COMSTOCK RESOURCES 844 275 0.274% 94% 18 SAMSON OIL & GAS USA INC 3,820 887 0.88% 90% 53 W & T OFFSHORE, INC. 188 272 0.270% 53% 19 BHP BILLITON 31 865 0.86% 11% 54 ENCORE ENERGY, INC. 1,839 269 0.267% 26% 20 NEWFIELD EXPLORATION COMPANY 3,151 819 0.81% 79% 55 WALTER OIL & GAS CORPORATION 72 256 0.255% 58% 21 MERIT ENERGY COMPANY 5,249 771 0.77% 75% 56 STONE ENERGY CORPORATION 221 249 0.247% 56% 22 SANDRIDGE ENERGY, INC. 3,596 769 0.76% 79% 57 BERRY PETROLEUM COMPANY 2,146 240 0.238% 43% 23 NOBLE ENERGY, INC. 10,544 763 0.76% 69% 58 ENDEAVOR ENERGY RESOURCES, LP 4,467 234 0.232% 42% 24 KINDER MORGAN INCORPORATED 1,043 762 0.76% 57% 59 MCMORAN EXPLORATION COMPANY 164 234 0.232% 76% 25 PIONEER NATURAL RESOURCES COMPANY 9,454 742 0.74% 74% 60 MEWBOURNE HOLDINGS INC 1,057 218 0.216% 81% 26 AMERADA HESS CORPORATION 848 741 0.74% 37% 61 J-W OPERATING COMPANY 847 214 0.213% 99% 27 ULTRA PETROLEUM 589 734 0.73% 96% 62 CONTANGO OPERATORS, INC. 10 202 0.200% 88% 28 MARATHON OIL COMPANY 3,924 712 0.71% 60% 63 HUNT OIL COMPANY 492 196 0.195% 66% 29 PETROHAWK ENERGY CORPORATION 1,552 695 0.69% 99% 64 MDU RESOURCES 3,148 196 0.195% 84% 30 CIMAREX ENERGY COMPANY 4,140 656 0.65% 73% 65 LLOG EXPLORATION OFFSHORE, INC. 23 185 0.184% 66% 31 EXCO RESOURCES, INC. 5,394 624 0.62% 97% 66 HIGHMOUNT E&P 5,461 183 0.182% 99% 32 HILCORP ENERGY COMPANY 1,557 613 0.61% 62% 67 BOPCO, L.P. 945 183 0.182% 63% 33 ENI PETROLEUM CO INC 75 525 0.52% 59% 68 THUMS LONG BEACH CO. 810 180 0.179% 6% 34 RANGE RESOURCES CORPORATION 5,147 468 0.46% 91% 69 CITATION OIL AND GAS CORPORATION 2,152 179 0.177% 23% 35 PLAINS EXPLORATION & PRODUCTION COMPANY 3,288 463 0.46% 38% 70 UNIT CORPORATION 1,165 178 0.177% 87% U.S. Upstream Almanac January 2011 20
  • 21. Continental United States Production by Operator (cont'd) Gross Production by Operator (71 – 105) Gross Production by Operator (106 – 140) LTM Production LTM Production Active Total % of Active Total % of Rank Company Wells (MMcfepd) Total % Gas Rank Company Wells (MMcfepd) Total % Gas 71 EQT CORPORATION 4,626 177 0.175% 100% 106 STEPHENS GROUP INC 833 90 0.089% 100% 72 SWIFT ENERGY COMPANY 1,041 162 0.161% 48% 107 LEGACY RESOURCES CO., L.P. 2,270 89 0.088% 33% 73 ATP OIL & GAS CORPORATION 31 153 0.152% 49% 108 EAGLE ROCK ENERGY PARTNERS 273 88 0.087% 79% 74 PDC ENERGY 3,116 152 0.151% 79% 109 SLAWSON EXPLORATION COMPANY, INC. 164 86 0.086% 13% 75 HELIX 119 151 0.150% 61% 110 MARITECH RESOURCES, INC. 128 85 0.084% 57% 76 ENERGY XXI, LLC 134 148 0.147% 29% 111 LAREDO PETROLEUM, INC. 350 84 0.083% 92% 77 VENOCO, INC. 612 142 0.141% 65% 112 QUEST ENERGY LLC 3,252 84 0.083% 97% 78 ATLAS RESOURCES LLC 4,336 142 0.141% 92% 113 PETRO-HUNT CORPORATION 319 81 0.081% 28% 79 CARRIZO OIL & GAS, INC. 279 137 0.136% 97% 114 FASKEN OIL AND RANCH, LTD. 732 80 0.079% 37% 80 KAISER-FRANCIS OIL COMPANY 1,213 132 0.131% 89% 115 ENERPLUS RESOURCES USA CORPORATION 197 79 0.079% 17% 81 PETROQUEST ENERGY, L.L.C. 378 132 0.131% 85% 116 DAVIS PETROLEUM, INC. 126 79 0.079% 82% 82 SHERIDAN PRODUCTION COMPANY, LLC 1,268 131 0.130% 64% 117 NEXEN PETROLEUM USA INC 100 79 0.078% 48% 83 BALLARD EXPLORATION COMPANY,INC. 62 131 0.130% 79% 118 LIME ROCK RESOURCES A, L.P. 1,215 71 0.071% 76% 84 TALISMAN ENERGY USA INC. 136 130 0.130% 94% 119 J M HUBER CORPORATION 1,585 70 0.070% 100% 85 ROSETTA RESOURCES INC. 954 128 0.127% 94% 120 T-C OIL COMPANY 230 69 0.069% 68% 86 CHAPARRAL ENERGY LLC 1,511 121 0.120% 60% 121 BASA RESOURCES, INC. 2,377 68 0.067% 17% 87 RED WILLOW PRODUCTION, LLC 356 121 0.120% 100% 122 LEGEND NATURAL GAS III, LP 354 66 0.066% 88% 88 STATOIL USA E&P INC. 1 117 0.117% 100% 123 RESOLUTE NATURAL RESOURCES 388 66 0.065% 15% 89 RAAM GLOBAL ENERGY COMPANY 37 117 0.116% 71% 124 NEW DOMINION LLC 258 64 0.064% 90% 90 TEXAS PETROLEUM INVESTMENT CO. 1,316 111 0.110% 28% 125 ALTA MESA SERVICES, LP 91 63 0.062% 71% 91 DYNAMIC OFFSHORE RESOURCES, LLC 58 108 0.107% 45% 126 FORTUNA ENERGY, INC. 92 62 0.062% 100% 92 ENERGY PARTNERS, LTD. 188 107 0.106% 65% 127 DCOR, LLC 225 61 0.061% 21% 93 VALENCE OPERATING COMPANY 474 104 0.104% 96% 128 BRIGHAM OIL & GAS, L.P. 106 60 0.060% 32% 94 HELIS WM G ESTATE 94 104 0.104% 57% 129 WAGNER OIL COMPANY 226 58 0.058% 82% 95 DOMINION RESOURCES INC 5,490 103 0.103% 98% 130 TELLUS OPERATING GROUP, LLC 395 58 0.057% 56% 96 BREITBURN ENERGY COMPANY LLC 1,527 102 0.102% 41% 131 KILLAM OIL COMPANY LIMITED 386 57 0.057% 91% 97 ANKOR ENERGY LLC 75 101 0.101% 31% 132 BLACK ELK ENERGY OFFSHORE OPERATIONS LLC 59 57 0.056% 76% 98 PENN VIRGINIA OIL & GAS CORPORATION 1,208 101 0.100% 91% 133 SOUTHERN BAY OPERATING, LLC 457 55 0.055% 80% 99 QUANTUM RESOURCES MANAGEMENT,LLC 1,466 97 0.096% 70% 134 WILDHORSE RESOURCES LLC 274 55 0.054% 91% 100 LEWIS PETRO PROPERTIES, INC. 1,099 97 0.096% 97% 135 THREE RIVERS OPERATING COMPANY LLC 615 53 0.052% 70% 101 MILAGRO EXPLORATION,LLC 535 95 0.094% 82% 136 SUMMIT PETROLEUM LLC 527 51 0.051% 35% 102 NATIONAL FUEL GAS COMPANY 2,049 95 0.094% 48% 137 DELTA PETROLEUM CORPORATION 1,138 51 0.051% 96% 103 NFR ENERGY, LLC 558 93 0.093% 98% 138 NADEL & GUSSMAN 613 50 0.050% 68% 104 GOODRICH PETROLEUM COMPANY 269 91 0.091% 97% 139 CRIMSON EXPLORATION OPERATING INC 215 50 0.049% 88% 105 ANTERO RESOURCES CORPORATION 527 90 0.090% 97% 140 PISCES ENERGY LLC 42 49 0.049% 60% U.S. Upstream Almanac January 2011 21
  • 22. Continental United States Production by Operator (cont'd) Gross Production by Operator (141 – 175) Gross Production by Operator (176 – 210) LTM Production LTM Production Active Total % of Active Total % of Rank Company Wells (MMcfepd) Total % Gas Rank Company Wells (MMcfepd) Total % Gas 141 MARUBENI CORPORATION 5 49 0.049% 47% 176 THOMPSON, J. CLEO 804 39 0.039% 43% 142 INDIGO MINERALS LLC 244 49 0.049% 94% 177 DUNCAN OIL & GAS INC. 187 38 0.038% 74% 143 RICOCHET ENERGY, INC. 82 47 0.047% 93% 178 PRIMEENERGY CORPORATION 1,317 38 0.038% 52% 144 ALTEX ENERGY CORPORATION 130 47 0.047% 96% 179 CML EXPLORATION, LLC 184 38 0.038% 37% 145 WALTER BLACK WARRIOR BASIN LLC 1,312 47 0.047% 100% 180 BTA OIL PRODUCERS, LLC 427 37 0.037% 50% 146 GMX RESOURCES, INC. 173 47 0.046% 97% 181 SUNDOWN ENERGY, INC. 376 36 0.036% 49% 147 WOLVERINE GAS & OIL COMPANY OF UTAH, LLC 20 46 0.046% 0% 182 TARPON OIL & GAS CO. 71 36 0.036% 76% 148 WILLIAMS, CLAYTON ENERGY, INC. 352 46 0.045% 31% 183 GASTAR EXPLORATION TEXAS, LP 40 36 0.035% 99% 149 MANTI EXPLORATION OPERATING LLC 34 45 0.045% 81% 184 VESS OIL CORPORATION 1,260 36 0.035% 7% 150 MUREX PETROLEUM CORPORATION 128 45 0.045% 8% 185 ELM RIDGE RESOURCES INCORPORATED 812 36 0.035% 91% 151 ZENERGY, INC. 183 45 0.045% 50% 186 BEUSA ENERGY, INC. 68 35 0.035% 99% 152 SND OPERATING, LLC 696 45 0.045% 85% 187 GULFPORT ENERGY CORPORATION 103 35 0.035% 10% 153 HOLMES EXPLORATION, LLC 113 45 0.045% 51% 188 MIDROC OPERATING COMPANY 92 35 0.034% 23% 154 SANGUINE GAS EXPLORATION, LLC 94 45 0.044% 60% 189 SANCHEZ OIL & GAS CORPORATION 116 34 0.034% 80% 155 HEADINGTON OIL COMPANY LIMITED PARTNER 102 44 0.044% 94% 190 CROW CREEK OPERATING COMPANY II, LLC 259 34 0.034% 88% 156 JONES ENERGY, LTD. 284 44 0.044% 70% 191 PHOENIX EXPLORATION COMPANY LP 22 34 0.034% 84% 157 ENERGY CORPORATION OF AMERICA 3,288 44 0.044% 99% 192 JETTA OPERATING COMPANY, INC. 252 34 0.034% 29% 158 HALL HOUSTON EXPLORATION II L P 12 43 0.043% 89% 193 CLASSIC OPERATING CO. LLC 159 34 0.033% 94% 159 PREMIER NATURAL RESOURCES, LLC 231 43 0.043% 93% 194 FAULCONER,VERNON E., 451 33 0.033% 96% 160 BURNETT OIL COMPANY, INC. 254 43 0.042% 56% 195 BLACK WARRIOR METHANE CORP. 404 33 0.032% 100% 161 TANA EXPLORATION COMPANY LLC 11 42 0.042% 80% 196 WOODSIDE PETROLEUM 73 33 0.032% 89% 162 BLACK HILLS CORPORATION 707 41 0.041% 85% 197 GREAT WESTERN OIL & GAS COMPANY LLC 392 33 0.032% 27% 163 TEXLAND PETROLEUM, L.P. 559 41 0.041% 8% 198 FINLEY RESOURCES, INC. 435 33 0.032% 64% 164 MACK ENERGY/OIL COMPANIES 472 41 0.041% 36% 199 WARD PETROLEUM CORPORATION 182 33 0.032% 91% 165 R. LACY SERVICES, LTD. 244 41 0.040% 97% 200 WAGNER & BROWN, LTD. 96 32 0.032% 88% 166 SOUTHWEST ROYALTIES, INC. 804 41 0.040% 32% 201 ROSEWOOD RESOURCES, INC. 954 32 0.032% 98% 167 PATARA OIL & GAS, LLC 166 40 0.040% 98% 202 HUGHES, DAN A. COMPANY, L.P. 123 32 0.032% 86% 168 TIDELANDS OIL PROD. CO. 392 40 0.040% 4% 203 FIML NATURAL RESOURCES, LLC 629 32 0.032% 75% 169 STEPHENS & JOHNSON OPERATING COMPANY 807 40 0.040% 39% 204 VENTURE OIL AND GAS INC 57 32 0.032% 17% 170 APPROACH OPERATING, LLC 501 40 0.040% 84% 205 SQUARE MILE ENERGY, LLC 25 32 0.031% 76% 171 SAMUEL GARY JR. & ASSOCIATES, INC. 63 40 0.040% 65% 206 DART OIL AND GAS CORP 1,112 31 0.031% 89% 172 PABLO ENERGY II, LLC 78 40 0.040% 95% 207 ERGON INC. 36 31 0.031% 70% 173 BEREXCO, INC. 1,342 39 0.039% 20% 208 MARLIN OIL CORPORATION 177 31 0.031% 68% 174 MACPHERSON OIL CO. 235 39 0.039% 0% 209 CRAWLEY PETROLEUM CORPORATION 419 30 0.030% 87% 175 DUNE ENERGY INC. 88 39 0.039% 63% 210 BROAD OAK ENERGY, INC. 143 30 0.030% 38% Others 475,771 29,424 29.2% 64% Total 751,735 100,663 100.0% 68% U.S. Upstream Almanac January 2011 22
  • 23. Continental United States Permits by Basin Permits by Basin (1 – 24) Permits by Basin (25 – 49) LTM Permits LTM Permits Rank Basin Drilling Permit'd Drilled Total Rank Basin Drilling Permit'd Drilled Total 1 Appalachian 102 7,784 2,149 10,035 25 Sedgwick Basin 1 78 225 304 2 Permian Basin 124 3,164 6,508 9,796 26 Sacramento 0 144 119 263 3 Texas & Louisiana Gulf Coast Basin 62 2,821 2,856 5,739 27 Alaska 1 80 94 175 4 San Joaquin 16 2,371 2,063 4,450 28 Black Warrior Basin 0 113 52 165 5 Ft Worth Basin 40 1,170 2,072 3,282 29 Ouachita Folded Belt 1 103 55 159 6 Denver Julesburg 28 1,928 1,319 3,275 30 Ventura 0 105 42 147 7 Arkla Basin 49 1,893 1,144 3,086 31 Sweet Grass Arch 3 109 35 147 8 Anadarko Basin 58 920 2,102 3,080 32 Wind River 1 87 33 121 9 Piceance 28 1,862 672 2,562 33 Ca Coastal 3 64 54 121 10 Williston 124 1,029 1,242 2,395 34 Las Animas Arch 0 45 68 113 11 Chautauqua Platform 5 1,066 487 1,558 35 Santa Barbara 0 99 13 112 12 Arkoma Basin 31 240 1,153 1,424 36 Palo Duro Basin 0 29 79 108 13 East Texas Basin 32 564 740 1,336 37 Raton 0 89 15 104 14 Powder River 7 919 259 1,185 38 Nemaha Anticline 0 31 63 94 15 Uinta 11 645 484 1,140 39 Offshore Gom 4 28 48 80 16 Green River 10 668 411 1,089 40 Big Horn 1 34 33 68 17 Forest City Basin 0 964 23 987 41 Central Montana Uplift 0 41 22 63 18 Cherokee Basin 0 881 66 947 42 Paradox 1 48 10 59 19 Central Kansas Uplift 0 264 651 915 43 Chadron Arch 0 0 53 53 20 Mississippi & Alabama Gulf Coast Basin 3 366 216 585 44 Central Western Overthrust 1 42 9 52 21 San Juan 5 370 157 532 45 Salina Basin 0 9 16 25 22 Michigan 1 405 101 507 46 Great Basin 0 9 0 9 23 Los Angeles 3 340 76 419 47 North Park 0 7 1 8 24 South Oklahoma Folded Belt 0 230 166 396 48 Park Basin 0 3 1 4 49 Wasatch Uplift 0 0 3 3 Total 756 34,261 28,260 63,277 U.S. Upstream Almanac January 2011 23
  • 24. Continental United States Permits by Operator Permits by Operator (1 – 35) Permits by Operator (36 – 70) LTM Permits LTM Permits Rank Company Drilling Permit'd Drilled Total Rank Company Drilling Permit'd Drilled Total 1 CHESAPEAKE OPERATING INC 70 1,420 1,237 2,727 36 CIMAREX ENERGY CO 6 150 138 294 2 ANADARKO PETROLEUM CORPORATION 26 975 946 1,947 37 EL PASO EXPLORATION & PRODUCTION COLP 1 144 146 291 3 CHEVRON USA INC 9 1,010 606 1,625 38 ULTRA RESOURCES INC 1 213 71 285 4 EXXONMOBIL DEVELOPMENT COMPANY 38 746 822 1,606 39 PLAINS EXPLORATION & PRODUCTION COMPANY 1 136 141 278 5 AERA ENERGY LLC 1 500 999 1,500 40 TALISMAN ENERGY USA INC 9 205 63 277 6 EOG RESOURCES INC 17 581 862 1,460 41 CONTINENTAL RESOURCES INC 22 71 181 274 7 ENCANA OIL & GAS (USA) INC 30 575 544 1,149 42 EXCO OPERATING COMPANY LP 4 127 141 272 8 DEVON ENERGY PRODUCTION COMPANY LP 30 367 654 1,051 43 ENDEAVOR ENERGY RESOURCES LP 2 97 165 264 9 WILLIAMS PRODUCTION COMPANY 12 665 331 1,008 44 PETROLEUM DEVELOPMENT CORPORATION 2 130 131 263 10 NOBLE ENERGY INC 11 564 417 992 45 HIGHMOUNT EXPL & PROD LLC 0 67 194 261 11 BERRY PETROLEUM COMPANY 4 571 276 851 46 SAMSON RESOURCES COMPANY 3 108 135 246 12 CONOCOPHILLIPS COMPANY 12 430 363 805 47 KRIEBEL MINERALS INC 0 204 33 237 13 EQUITABLE PRODUCTION COMPANY 12 544 220 776 48 ANTERO RESOURCES CORPORATION 4 175 56 235 14 OXY USA INC 8 352 392 752 49 HESS CORPORATION 9 129 92 230 15 PIONEER NATURAL RESOURCES USA INC 23 213 497 733 50 BROAD OAK ENERGY INC 0 3 219 222 16 SANDRIDGE ENERGY INC 3 126 597 726 51 SHELL EXPLORATION & PRODUCTION CO INC 5 110 96 211 17 SOUTHWESTERN ENERGY 9 101 600 710 52 LINN OPERATING INC 7 100 95 202 18 COG OPERATING LLC 8 201 456 665 53 CLAYTON WILLIAMS ENERGY INC 3 94 101 198 19 US ENERGY EXPLORATION CORPORATION 0 480 91 571 54 HENRY RESOURCES LLC 1 102 92 195 20 NEWFIELD EXPLORATION COMPANY 9 270 280 559 55 MEWBOURNE OIL COMPANY 2 59 129 190 21 APACHE CORPORATION 12 189 347 548 56 VENOCO INC 2 90 95 187 22 EAST RESOURCES INC 2 431 80 513 57 ROSETTA RESOURCES OPERATING LP 1 81 104 186 23 BP AMERICA PRODUCTION COMPANY 16 273 218 507 58 ATLAS RESOURCES INC 5 107 74 186 24 OCCIDENTAL OF ELK HILLS INC 7 289 205 501 59 OK ARENA OPERATING COMPANY 1 18 165 184 25 ENERGEN RESOURCES CORPORATION 6 123 308 437 60 CHAPARRAL ENERGY LLC 0 95 89 184 26 LANCE OIL & GAS COMPANY INC 0 342 87 429 61 YATES PETROLEUM CORPORATION 3 145 35 183 27 CNX GAS COMPANY LLC 4 405 17 426 62 CATALYST ENERGY INC 0 180 0 180 28 WHITING OIL & GAS CORPORATION 17 197 183 397 63 SENECA RESOURCES CORPORATION 3 136 40 179 29 DENBURY ONSHORE LLC 6 275 105 386 64 DELTA PETROLEUM CORPORATION 1 174 0 175 30 BILL BARRETT CORPORATION 4 276 100 380 65 AMERICAN WARRIOR INC 0 85 90 175 31 RANGE RESOURCES CORPORATION 10 165 172 347 66 GULFPORT ENERGY CORPORATION 0 99 56 155 32 HILCORP ENERGY COMPANY 0 236 95 331 67 ENERVEST OPERATING LLC 1 99 54 154 33 FIDELITY EXPLORATION & PRODUCTION CO 3 234 92 329 68 CABOT OIL & GAS CORPORATION 5 76 67 148 34 QEP ENERGY COMPANY 6 205 95 306 69 MARINER ENERGY INC 0 50 97 147 35 PETROHAWK OPERATING COMPANY 16 125 157 298 70 CHIEF OIL & GAS LLC 3 82 62 147 U.S. Upstream Almanac January 2011 24
  • 25. Continental United States Permits by Operator (cont'd) Permits by Operator (71 – 105) Permits by Operator (106 – 140) LTM Permits LTM Permits Rank Company Drilling Permit'd Drilled Total Rank Company Drilling Permit'd Drilled Total 71 MACPHERSON OIL COMPANY 1 104 34 139 106 OPAL RESOURCES OPERATING COMPANY LLC 1 47 44 92 72 SWIFT ENERGY OPERATING LLC 2 81 55 138 107 FASKEN OIL&RANCH LTD 4 22 64 90 73 MARATHON OIL COMPANY 3 61 72 136 108 CROWNQUEST OPERATING LLC 2 19 65 86 74 ENERGY PARTNERS LTD 0 125 9 134 109 PENNSYLVANIA GENERAL ENERGY CO LLC 0 66 19 85 75 SLAWSON EXPLORATION COMPANY INC 5 72 56 133 110 SHERIDAN PRODUCTION COMPANY LLC 2 55 27 84 76 EXCO RESOURCES INC 0 64 67 131 111 J & J OPERATING LLC 0 83 0 83 77 FOREST OIL CORPORATION 5 77 48 130 112 MERIT ENERGY COMPANY 0 63 19 82 78 BREITBURN ENERGY COMPANY LLC 0 123 5 128 113 STEVE BURCHETT OIL COMPANY 0 81 0 81 79 SNYDER BROTHERS INC 0 126 0 126 114 BRIGHAM OIL & GAS LP 4 16 59 79 80 SM ENERGY COMPANY 1 21 103 125 115 RELIANCE ENERGY INC 1 14 62 77 81 RUNNING FOXES PETROLEUM INC 1 120 2 123 116 NATIONS PETROLEUM (CALIFORNIA) LLC 0 76 0 76 82 E & B NATURAL RESOURCES MANAGEMENT CORP 0 122 1 123 117 JUNO OPERATING COMPANY LLC 0 46 30 76 83 DOMINION EXPLORATION & PRODUCTION INC 0 86 37 123 118 LAYMON OIL II LLC 0 75 0 75 84 UNIT PETROLEUM COMPANY 3 26 92 121 119 LEGEND NATURAL GAS III LP 0 23 49 72 85 PERFORMANCE ENERGY RESOURCES LLC 0 121 0 121 120 TITUSVILLE OIL & GAS ASSOCIATES INC 0 71 0 71 86 LEWIS PETRO PROPERTIES INC 2 12 107 121 121 BIRK PETROLEUM 0 68 0 68 87 NEW DOMINION LLC 1 20 100 121 122 ABARTA OIL & GAS COMPANY INC 0 31 37 68 88 CITATION OIL & GAS CORP 0 31 90 121 123 OASIS PETROLEUM NORTH AMERICA LLC 6 19 42 67 89 KINDER MORGAN PRODUCTION COMPANY LLC 0 55 64 119 124 PRIME OPERATING COMPANY 1 14 51 66 90 BOBCAT OIL FIELD SERVICE INC 0 116 0 116 125 MURFIN DRILLING COMPANY INC 0 0 66 66 91 COLT ENERGY INC 0 114 0 114 126 PETRO-HUNT LLC 5 37 23 65 92 R C OIL COMPANY INC 0 112 0 112 127 QUALITY NATURAL GAS LLC 0 37 27 64 93 R J ENTERPRISES 0 111 0 111 128 OMNI OIL & GAS INC 0 11 53 64 94 LAREDO PETROLEUM INC 1 19 87 107 129 K P KAUFFMAN COMPANY INC 0 64 0 64 95 CARRIZO OIL & GAS INC 0 43 63 106 130 SAMUEL GARY JR & ASSOCIATES INC 0 15 48 63 96 THUMS LONG BEACH COMPANY 1 66 36 103 131 MIDSTATES PETROLEUM COMPANY LLC 2 36 25 63 97 CONSOL GAS COMPANY 1 94 8 103 132 JONES ENERGY LTD 2 21 40 63 98 FIML NATURAL RESOURCES LLC 0 9 93 102 133 BOPCO LP 0 48 15 63 99 ALTAVISTA ENERGY INC 0 101 0 101 134 ZIEGLER-PERU INC 0 50 11 61 100 WEXPRO COMPANY 1 64 34 99 135 TAILWATER INC 0 61 0 61 101 TEXAS KEYSTONE INC 2 62 35 99 136 PENN VIRGINIA OIL & GAS CORPORATION 1 24 35 60 102 QUICKSILVER RESOURCES INC 1 45 53 99 137 HELIS OIL & GAS COMPANY LLC 2 40 17 59 103 PATRIOT RESOURCES INC 1 49 49 99 138 CHOLLA PETROLEUM INC 0 13 46 59 104 COMSTOCK OIL & GAS LP 0 49 47 96 139 ANSCHUTZ EXPLORATION CORPORATION 5 24 30 59 105 APPROACH OPERATING LLC 1 13 82 96 140 CONSTELLATION ENERGY 0 40 18 58 U.S. Upstream Almanac January 2011 25
  • 26. Continental United States Permits by Operator (cont'd) Permits by Operator (141 – 175) Permits by Operator (176 – 210) LTM Permits LTM Permits Rank Company Drilling Permit'd Drilled Total Rank Company Drilling Permit'd Drilled Total 141 J CLEO THOMPSON 0 13 45 58 176 RKI EXPLORATION & PRODUCTION LLC 0 31 16 47 142 RICK-ROD OIL COMPANY INC 0 54 3 57 177 BEREXCO LLC 0 3 44 47 143 RDT PROPERTIES INC 0 30 27 57 178 MINARD RUN OIL COMPANY 0 46 0 46 144 AUGUSTUS ENERGY PARTNERS LLC 0 23 34 57 179 CONSOLIDATION COAL COMPANY 0 46 0 46 145 STONE ENERGY CORPORATION 2 38 16 56 180 BONANZA CREEK ENERGY OPERATING CO LLC 0 39 7 46 146 SUMMIT PETROLEUM LLC 0 4 52 56 181 PETRO-CANADA RESOURCES (USA) INC 0 31 14 45 147 ROSEWOOD RESOURCES INC 0 24 32 56 182 WEST BAY EXPLORATION COMPANY 0 19 25 44 148 LEGADO PERMIAN LLC 0 45 11 56 183 TEXAS ENERGY OPERATIONS LC 0 28 16 44 149 BLACK WARRIOR METHANE CORP 0 56 0 56 184 T-C OIL COMPANY 0 25 19 44 150 PARSLEY ENERGY OPERATIONS LLC 2 24 29 55 185 REX ENERGY OPERATING CORPORATION 3 14 27 44 151 MACK ENERGY CORPORATION 3 37 15 55 186 PENNECO OIL COMPANY INC 0 40 4 44 152 LCS PRODUCTION COMPANY 0 27 28 55 187 LIME ROCK RESOURCES A LP 0 13 31 44 153 J-W OPERATING COMPANY 0 35 20 55 188 LAYNE ENERGY OPERATING LLC 0 38 6 44 154 DOWNING-NELSON OIL COMPANY INC 0 55 0 55 189 WOOLSEY OPERATING COMPANY LLC 0 3 40 43 155 COBRA OIL & GAS CORPORATION 0 17 37 54 190 PINNACLE GAS RESOURCES INC 0 43 0 43 156 HIGHLAND OIL&GAS LLC 0 16 37 53 191 PHARYN RESOURCES LLC 0 42 0 42 157 WG OPERATING INC 0 4 48 52 192 BEUSA ENERGY INC 1 23 18 42 158 MUSKEGON DEVELOPMENT COMPANY 0 52 0 52 193 SIRIUS ENERGY CORP 0 41 0 41 159 INTERSTATE GAS MARKETING INC 0 47 5 52 194 CORDILLERA ENERGY PARTNERS III LLC 1 5 35 41 160 HOWARD DRILLING INC 0 52 0 52 195 HUNT OIL COMPANY 4 13 23 40 161 VAL ENERGY INC 0 4 47 51 196 RICKY BELL 0 39 0 39 162 STEPHENS PRODUCTION COMPANY 0 9 41 50 197 OXFORD OIL COMPANY 0 39 0 39 163 LARAMIE ENERGY II LLC 1 38 11 50 198 MARITECH RESOURCES INC 0 29 10 39 164 HOWELL PETROLEUM CORPORATION 0 39 11 50 199 H R STASNEY & SONS LTD 0 30 9 39 165 EDWARD MIKE DAVIS LLC 0 29 21 50 200 GOODRICH PETROLEUM COMPANY 0 16 23 39 166 EDWARD E BIRK 0 50 0 50 201 SAVOY ENERGY LP 1 32 5 38 167 ALLEGHENY ENTERPRISES INC 0 50 0 50 202 QUEST CHEROKEE LLC 0 37 1 38 168 TELLUS OPERATING GROUP LLC 1 37 11 49 203 NFR ENERGY LLC 0 10 28 38 169 SAGEBRUSH RESOURCES LLC 0 27 22 49 204 MILAGRO EXPLORATION LLC 0 27 11 38 170 L D DRILLING INC 0 5 44 49 205 BLACK RAVEN ENERGY INC 0 21 17 38 171 THREE SISTERS PETROLEUM INC 0 48 0 48 206 TEXLAND PETROLEUM LP 0 15 22 37 172 PLANTATION OPERATING LLC 0 28 20 48 207 MOUNTAIN VIEW ENERGY INC 0 37 0 37 173 PARALLEL PETROLEUM LLC 0 3 45 48 208 AMERICAN OIL & GAS INC 1 11 25 37 174 ELEMENT PETROLEUM OPERATING LLC 1 18 29 48 209 TOWN OIL COMPANY INC 0 36 0 36 175 WINDSOR PERMIAN LLC 0 18 29 47 210 ENERPLUS RESOURCES USA CORPORATION 0 25 11 36 Others 560 24,542 21,093 46,195 Total 759 34,410 28,348 63,517 U.S. Upstream Almanac January 2011 26