| 1 Tables of Contents 2 |
| 1.1 List of Tables 10 |
| 1.2 List of Figures 16 |
| 2 Introduction 17 |
| 2.1 What Is This Report About? 17 |
| 2.2 How To Use This Report 18 |
| 2.3 Market Definition 19 |
| 3 United States Of America Energy Sector 20 |
| 3.1 United States of America Energy Sector, Market Overview 20 |
| 3.2 United States of America Energy Sector, Crude Oil 21 |
| 3.2.1 United States of America Crude Oil, Overview 21 |
| 3.2.2 United States of America Crude Oil, Supply and Demand Balance 21 |
| 3.2.3 United States of America Crude Oil, Regulatory Structure 27 |
| 3.2.4 United States of America Crude Oil, Infrastructure 28 |
| 3.3 United States of America Energy Sector, Natural Gas 29 |
| 3.3.1 United States of America Natural Gas, Overview 29 |
| 3.3.2 United States of America Natural Gas, Supply and Demand Balance 29 |
| 3.3.3 United States of America Natural Gas, Regulatory Structure 35 |
| 3.3.4 United States of America Natural Gas, Infrastructure 35 |
| 3.4 United States of America Energy Sector, Coal 37 |
| 3.4.1 United States of America Coal, Overview 37 |
| 3.4.2 United States of America Coal, Supply and Demand Balance 37 |
| 3.4.3 United States of America Coal, Regulatory Structure 41 |
| 3.4.4 United States of America Coal, Infrastructure 41 |
| 3.5 United States of America Energy Sector, Electricity 43 |
| 3.5.1 United States of America Electricity, Overview 43 |
| 3.5.2 United States of America Electricity, Supply and Demand Balance 44 |
| 3.5.3 United States of America Electricity, Regulatory Structure 50 |
| 3.5.4 United States of America Electricity, Infrastructure 50 |
| 4 United States Of America Exploration And Production Sector 52 |
| 4.1 United States Of America Exploration and Production Sector, Country Snapshot 52 |
| 4.1.1 United States Of America Exploration and Production Sector, Key Data 52 |
| 4.1.2 United States Of America Exploration and Production Sector, Assets Map 53 |
| 4.2 United States Of America Exploration and Production Sector, Reserves 54 |
| 4.2.1 United States of America Exploration and Production Sector, Crude Oil Reserves 54 |
| 4.2.2 United States of America Exploration and Production Sector, Natural Gas Reserves 55 |
| 4.3 United States Of America Exploration and Production Sector, Production 56 |
| 4.3.1 United States of America Exploration and Production Sector, Crude Oil- Historical Production 56 |
| 4.3.2 57 |
| 4.3.3 United States Of America Exploration and Production Sector, Natural Gas– Historical Production 64 |
| 4.4 United States, Top Producing Zones, Crude Oil and Natural Gas Production by Assets 66 |
| 4.4.1 US Gulf of Mexico, Crude Oil Producing Assets By Area 66 |
| 4.4.2 US Gulf of Mexico, Natural Gas Producing Assets By Area 71 |
| 4.4.3 US Alaska, Crude Oil Production Assets By Area 74 |
| 4.4.4 US Alaska, Natural Gas Production Assets By Area 77 |
| 4.4.5 US Texas, Crude Oil Producing Assets By Area 78 |
| 4.4.6 US Texas, Natural Gas Producing Assets 84 |
| 4.4.7 US California, Crude Oil Producing Assets By Area 89 |
| 4.4.8 US California, Natural Gas Producing Assets By Area 95 |
| 5 United States Of America Refining Sector 100 |
| 5.1 United States Of America, Gulf Coast Refining Sector, Overview 100 |
| 5.2 United States Of America, Gulf Coast Refining Sector, Crude Distillation Unit Capacity 100 |
| 5.3 United States Of America, Gulf Coast Refining Sector, Coking Capacity 104 |
| 5.4 United States Of America, Gulf Coast Refining Sector, Fluid Catalytic Cracking Capacity 106 |
| 5.5 United States Of America, Gulf Coast Refining Sector, Hydro cracking Capacity 108 |
| 5.6 United States Of America, Midwest Refining Sector, Overview 110 |
| 5.7 United States Of America, Midwest Refining Sector, Crude Distillation Unit Capacity 110 |
| 5.8 United States Of America, Midwest Refining Sector, Coking Capacity 112 |
| 5.9 United States of America, Midwest Refining Sector, Fluid Catalytic Cracking Capacity 113 |
| 5.10 United States of America, Midwest Refining Sector, Hydro cracking Capacity 114 |
| 5.11 United States Of America, West Coast Refining Sector, Overview 116 |
| 5.12 United States Of America, West Coast Refining Sector, Crude Distillation Unit Capacity 116 |
| 5.13 United States Of America, West Coast Refining Sector Coking Capacity 118 |
| 5.14 United States Of America, West Coast Refining Sector, Fluid Catalytic Cracking Capacity 119 |
| 5.15 United States Of America, West Coast Refining Sector, Hydro cracking Capacity 120 |
| 5.16 United States Of America, East Coast Refining Sector, Overview 120 |
| 5.17 United States of America, East Coast Refining Sector, Crude Distillation Unit Capacity 121 |
| 5.18 United States of America, East Coast Refining Sector, Coking Capacity 122 |
| 5.19 United States of America, East Coast Refining Sector, Fluid Catalytic Cracking Capacity 123 |
| 5.20 United States of America, East Coast Refining Sector, Hydro cracking Capacity 124 |
| 5.21 United States Of America, Rocky Mountain Refining Sector, Overview 124 |
| 5.22 United States of America, Rocky Mountain Refining Sector, Crude Distillation Unit Capacity 125 |
| 5.23 United States of America, Rocky Mountain Refining Sector, Coking Capacity 126 |
| 5.24 United States of America, Rocky Mountain Refining Sector, Fluid Catalytic Cracking Capacity 127 |
| 5.25 United States of America, Rocky Mountain Refining Sector , Hydro cracking Capacity 128 |
| 6 United States Of America Pipeline Sector 129 |
| 6.1 United States Of America Pipeline Sector, Overview 129 |
| 6.2 United States Of America Pipeline Sector, Crude Oil Pipelines 129 |
| 6.3 United States Of America Pipeline Sector, Petroleum Products Pipeline 135 |
| 6.4 United States Of America Pipeline Sector, Natural Gas Pipelines 142 |
| 7 The United States Of America LNG Sector 171 |
| 7.1 United States Of America LNG Sector, Liquefaction Capacity 171 |
| 7.2 United States Of America LNG Sector, Regasification Capacity 172 |
| 8 United States Of America, Alaska, Fiscal Regime 174 |
| 8.1 United States Of America, Alaska, Fiscal Regime, Petroleum Fiscal Environment 174 |
| 8.2 United States Of America, Alaska, Fiscal Regime, License Terms 175 |
| 8.3 United States Of America, Alaska, Fiscal Regime, Key Fiscal Terms 177 |
| 8.4 United States Of America, Alaska, Fiscal Regime, Sample Cashflows Calculations 180 |
| 9 United States Of America, Gulf Of Mexico, Fiscal Regime 182 |
| 9.1 United States Of America, Gulf Of Mexico, Fiscal Regime, Petroleum Fiscal Environment 182 |
| 9.2 United States Of America, Gulf Of Mexico, Fiscal Regime, License Terms 183 |
| 9.3 United States Of America, Gulf Of Mexico, Fiscal Regime, Key Fiscal Terms 185 |
| 9.4 United States Of America, Gulf Of Mexico Fiscal Regime, Sample Cashflows Calculations 191 |
| 10 Profile of British Petroleum Plc 192 |
| 10.1 British Petroleum Plc, Key Information 192 |
| 10.2 British Petroleum Plc, Company Overview 192 |
| 10.3 British Petroleum Plc, Business Description 192 |
| 10.3.1 British Petroleum Plc, Business Description, Business Overview 192 |
| 10.3.2 British Petroleum Plc, Business Description, Exploration and Production 193 |
| 10.3.3 British Petroleum Plc, Business Description, Gas, Power and Renewables 195 |
| 10.3.4 British Petroleum Plc, Business Description, Refining and Marketing 196 |
| 10.4 British Petroleum Plc, Value Chain Analysis 200 |
| 10.4.1 British Petroleum Plc, Value Chain Analysis, Upstream 201 |
| 10.4.2 British Petroleum Plc, Value Chain Analysis, Midstream 201 |
| 10.4.3 British Petroleum Plc, Value Chain Analysis, Downstream 202 |
| 10.4.4 British Petroleum Plc, Value Chain Analysis, Retail 203 |
| 10.5 British Petroleum Plc, SWOT Analysis 204 |
| 10.5.1 British Petroleum Plc, SWOT Analysis, Overview 204 |
| 10.5.2 British Petroleum Plc, SWOT Analysis, Strengths 205 |
| 10.5.3 British Petroleum Plc, SWOT Analysis, Weaknesses 206 |
| 10.5.4 British Petroleum Plc, SWOT Analysis, Opportunities 207 |
| 10.5.5 British Petroleum Plc, SWOT Analysis, Threats 208 |
| 10.6 British Petroleum Plc, Revenue Analysis 209 |
| 10.6.1 British Petroleum Plc, Revenue by Segment 209 |
| 10.6.2 British Petroleum Plc, Revenue by Geography 210 |
| 10.7 British Petroleum Plc, Financial and Operational Review 212 |
| 10.7.1 Financial Statements 212 |
| 10.7.2 Financial Ratios 213 |
| 11 Profile of ConocoPhillips 214 |
| 11.1 ConocoPhillips, Key Information 214 |
| 11.2 ConocoPhillips, Company Overview 214 |
| 11.3 ConocoPhillips, Business Description 214 |
| 11.3.1 ConocoPhillips, Business Description, Overview 214 |
| 11.3.2 ConocoPhillips, Business Description, Chemicals Segment 215 |
| 11.3.3 ConocoPhillips, Business Description, Emerging Businesses Segment 216 |
| 11.3.4 ConocoPhillips, Business Description, Exploration and Production Segment 217 |
| 11.3.5 ConocoPhillips, Business Description, LUKOIL Investment 219 |
| 11.3.6 ConocoPhillips, Business Description, Midstream Segment 219 |
| 11.3.7 ConocoPhillips, Business Description, Refining and Marketing Segment 220 |
| 11.4 ConocoPhillips, Value Chain Analysis 221 |
| 11.4.1 ConocoPhillips, Value Chain Analysis, Upstream 222 |
| 11.4.2 ConocoPhillips, Value Chain Analysis, Midstream 223 |
| 11.4.3 ConocoPhillips, Value Chain Analysis, Downstream 224 |
| 11.4.4 ConocoPhillips, Value Chain Analysis, Retail 224 |
| 11.5 ConocoPhillips, SWOT Analysis 226 |
| 11.5.1 ConocoPhillips, SWOT Analysis, Overview 226 |
| 11.5.2 ConocoPhillips, SWOT Analysis, Strengths 227 |
| 11.5.3 ConocoPhillips, SWOT Analysis, Weaknesses 229 |
| 11.5.4 ConocoPhillips, SWOT Analysis, Opportunities 229 |
| 11.5.5 ConocoPhillips, SWOT Analysis, Threats 230 |
| 11.6 ConocoPhillips, Revenue Analysis 231 |
| 11.6.1 ConocoPhillips, Revenue by Segment 232 |
| 11.6.2 ConocoPhillips, Revenue by Geography 233 |
| 11.7 ConocoPhillips, Financial and Operational Review 234 |
| 11.7.1 Financial Statements 234 |
| 11.7.2 Financial Ratios 235 |
| 12 Profile of Exxon Mobil Corporation 236 |
| 12.1 Exxon Mobil Corporation, Key Information 236 |
| 12.2 Exxon Mobil Corporation, Company Overview 236 |
| 12.3 Exxon Mobil Corporation, Business Description 236 |
| 12.3.1 Exxon Mobil Corporation, Business Description, Overview 236 |
| 12.3.2 Exxon Mobil Corporation, Business Description, Chemical 237 |
| 12.3.3 Exxon Mobil Corporation, Business Description, Downstream 238 |
| 12.3.4 Exxon Mobil Corporation, Business Description, Upstream 241 |
| 12.4 Exxon Mobil Corporation, Value Chain Analysis 243 |
| 12.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 243 |
| 12.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 244 |
| 12.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 245 |
| 12.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 246 |
| 12.5 Exxon Mobil Corporation, SWOT Analysis 246 |
| 12.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 246 |
| 12.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 247 |
| 12.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 250 |
| 12.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 251 |
| 12.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 253 |
| 12.6 Exxon Mobil Corporation, Revenue Analysis 254 |
| 12.6.1 Exxon Mobil Corporation, Revenue by Segment 255 |
| 12.6.2 Exxon Mobil Corporation, Revenue by Geography 256 |
| 12.7 Exxon Mobil Corporation, Financial and Operational Review 257 |
| 12.7.1 Financial Statements 257 |
| 12.7.2 Financial Ratios 258 |
| 13 Financial Deals Landscape 259 |
| 13.1 Detailed Deal Summary 259 |
| 13.1.1 Rumored Deals 259 |
| 13.1.2 Merger 261 |
| 13.1.3 Acquisition 263 |
| 13.1.4 Private Equity 269 |
| 13.1.5 Venture Financing 272 |
| 13.1.6 Equity Offerings 273 |
| 13.1.7 Debt Offerings 279 |
| 13.1.8 \Partnerships 282 |
| 13.1.9 Asset Transactions 287 |
| 14 Recent Developments 293 |
| 14.1 License Rounds 293 |
| 14.1.1 Nov 13, 2008: Louisiana To Offer 21 Offshore Tracts On December 10, 2008 293 |
| 14.1.2 Nov 12, 2008: MMS Initiates Oil And Gas Leasing Process For Offshore Virginia 293 |
| 14.1.3 Oct 13, 2008: Louisiana Offers One Offshore Tract In November 2008 Lease Sale 294 |
| 14.1.4 Sep 24, 2008: BLM Awards Oil And Gas Lease Tracts To Five Companies 294 |
| 14.1.5 Sep 18, 2008: DEP Issues 73 Drilling Permits For Marcellus Shale Formation 295 |
| 14.1.6 Sep 10, 2008: New Brunswick Government Opens Up Six Areas For Oil And Gas Exploration 296 |
| 14.2 License Awards 297 |
| 14.2.1 Nov 12, 2008: Friendly Energy Acquires Ten Natural Gas Drilling Sites And Options Forty Additional Sites In Molly Murphy Gas Field In Texas 297 |
| 14.2.2 Oct 16, 2008: Synergy Wins Seven New Drilling Permits For Meyer Prospect In Greeley, Colorado 298 |
| 14.2.3 Oct 08, 2008: PXP Receives Approval For T-Ridge Project From Santa Barbara County 299 |
| 14.2.4 Sep 23, 2008: Petsec Receives Two New Leases In Gulf of Mexico, US 299 |
| 14.2.5 Sep 18, 2008: Allenergy Receives Approval To Drill Bane 1-A well In Chautauqua County, Kansas 299 |
| 14.3 Strategy and Business Expansion 300 |
| 14.3.1 Dec 02, 2008: ConocoPhillips And KU Sign Three-Year Nanotechnology Research Agreement 300 |
| 14.3.2 Nov 21, 2008: Modena Abandons Interest In Jackson County Amidst Financial Crisis 301 |
| 14.3.3 Sep 30, 2008: GTI To Lead Field Based Research Consortium For New Albany Shale In Illinois Basin 301 |
| 14.3.4 Sep 17, 2008: RIL To Set Up Trading Subsidiary In US 302 |
| 14.4 Recent Discoveries 303 |
| 14.4.1 Dec 05, 2008: Beacon Encounters Oil At Sunday #1 Well In San Joaquin Basin, Southern California 303 |
| 14.4.2 Dec 03, 2008: Southern Star Encounters Gas At Burt 20-1 Well In Sentell Field, Louisiana 304 |
| 14.4.3 Dec 01, 2008: Leed Encounters Hydrocarbons At Eugene Island A-8 Well In Gulf Of Mexico 305 |
| 14.4.4 Nov 24, 2008: Salinas Strikes Oil At Eighth Horizontal Production Well In North San Ardo Oil Field In California 306 |
| 14.4.5 Nov 10, 2008: Red Fork Observes Gas Shows At West#2-2 Well In East Oklahoma 307 |
| 14.4.6 Nov 05, 2008: Pan Andean Encounters Gas At Vieman No. 1 Well At Danbury Dome, Texas 307 |
| 14.5 Drilling and Production Updates 308 |
| 14.5.1 Dec 08, 2008: GGPL Plugs And Abandons West Lake Boudreaux SL 18892 # 1 Well In Louisiana 308 |
| 14.5.2 Dec 05, 2008: AusTex Plugs And Abandons Cooper #2 Well, Commences Drilling Stallings #1 Well In Kansas, US 308 |
| 14.5.3 Dec 04, 2008: Interline Completes Production Testing At NorthCut Refinery In Wyoming 308 |
| 14.5.4 Dec 04, 2008: Index Updates On Armour-Runnells #1 ST Well In Alligator Bayou Prospect, Texas 309 |
| 14.5.5 Dec 04, 2008: Meridian Provides Test Results Of Sutton A-574 No. 1 Well In Polk County, Texas 309 |
| 14.5.6 Dec 04, 2008: Samson Plans To Complete Leonard #1-23 H Well In Williston Basin, North Dakota 310 |
| 14.5.7 Dec 03, 2008: Rex Energy Updates On Marcellus Shale Wells In Westmoreland County, Pennsylvania 311 |
| 14.5.8 Dec 03, 2008: Portrush Petroleum Completes Drilling #14 Well In Mission River Texas Field, US 311 |
| 14.5.9 Dec 03, 2008: NAER Completes Gas Well In Washington County 312 |
| 14.5.10 Dec 03, 2008: Sun Resources Updates On Its Gas Production In US 312 |
| 15 Appendix 314 |
| 15.1 Methodology 314 |
| 15.1.1 Coverage 314 |
| 15.1.2 Secondary Research 315 |
| 15.1.3 Primary Research 315 |
| 15.1.4 Forecasts 316 |
| 15.1.5 Expert Panel Validation 318 |
| 15.2 Definitions 319 |
| 15.2.1 Unit Of Measure 320 |
|