Beruflich Dokumente
Kultur Dokumente
In re ) Chapter 11
)
Debtors. )
) (Jointly Administered)
)
Deadline for Objections: May i 2, 2010 at 4:00 p.m. Hearing Date: May i 9,2010 at 2:00 p.m.
DEBTORS' MOTION FOR ORDER IMPLEMENTING PRIOR ORDERS OF THIS COURT BY AUTHORIZING DEBTORS TO PAY NET PROCEEDS OF CERTAIN COLLATERAL TO THE DEBTORS' POSTPETITION LENDERS
The above-captioned debtors and debtors in possession (the "Debtors"), hereby
move this Court for entry of an order authorizing the Debtors to pay the net proceeds of certain collateral, to 1. Aron & Company ("J. Aron") and Silver Point Finance, LLC ("Silver Point"), as
collateral agent under the DIP Agreement (the "DIP PEAO Collateral Agent) and collateral agent
under the PEAO Second Lien Credit Agreement (as defined below) (the "PEAO Second Lien
Collateral Agent" and together with the DIP PEAO Collateral Agent and J. Aron, the
"Beneficiaries"), all net of certain costs and as more fully set forth herein. In support of this
Motion, the Debtors respectfully state as follows:
the Debtors' federal tax identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska Holdings, LLC (tax J.D. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); Cameros Energy, Inc. (9487); and Gotland Oil, Inc. mailing address for of the Debtors is 111 W. Ocean Boulevard, Suite 1240, Long Beach, all (5463). The CA 90802.
i The Debtors in these cases, along with the last four digits of each of
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Introduction
1. On December 23, 2009, this Court entered its order (the "Beta Sale
Order") approving the sale of the Debtors' Beta Assets (consisting of operating oil wells and
stock in a related pipeline company) to Rise Energy Beta, LLC ("Rise") (as transferee of certain
claims of 1. Aron, an affliate of Goldman Sachs) and SP Beta Properties, LLC (an affiliate of
Silver Point) (collectively, the "Successful Bidders") for a credit bid of a portion of
the secured
debtor in possession financing loan approved by this Court in this case by a final order (the
a claim against the Debtors for $75 million secured by certain collateral described in the Beta
Sale Order. By this Motion, the Debtors request an order of
provisions of
the Beta Sale Order and Final DIP Financing Order by authorizing the Debtors to
pay to the Beneficiaries the proceeds of certain collateral (in the manner and as set forth in the
DIP Agreement and the PEAO Second Lien Credit Agreement) consisting of
the Collateral
Proceeds (as defined below). With regard to all types of listed Collateral Proceeds and the
collection and distribution thereof, any and all costs incurred (or expected to be incurred) by the
Debtors shall be deducted before any remittance to the Beneficiaries, including (without
limitation) professionals' fees and expenses, the value of
employees and any disbursements by the Debtors (as of March 31, 2010, such costs total
approximately $126,153).
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Background
A. General Background
cases (the "Cases") by filing voluntary petitions for relief under chapter 11 of title 11 of the
United States Code (the "Bankruptcy Code"). The Debtors have continued in the possession of
their property and have continued to operate and manage their businesses as debtors and debtors
in possession pursuant to sections 11 07(a) and 1108 of
Official Committee of
claims bar date set in the Cases by this Court passed on June 23, 2009, and the governmental
claims bar date is set for September 8, 2009.
4. The Debtors are a group of independent energy companies that had been
engaged in the acquisition, development and exploitation of oil and gas properties in the western
United States. As of
the Petition Date, PERL operated and owned interests in leases from the
United States for oil producing sites located in the Beta Unit, which is located in federal waters
approximately nine miles off the coast of Huntington Beach, California, and owned 100% of
the
stock of a company that owned a pipeline that transported oil from the wells (the chapter 11 case
of the pipeline company has been dismissed by an order of
debtor subsidiary Pacific Energy Alaska Holding, LLC ("PEAH") owns a 50% interests in a
company that owns a pipeline in Alaska and PEAH's wholly-owned debtor subsidiary Pacific
Energy Alaska Operating LLC ("PEAO") owned working interests in oil and gas wells located in
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below).
B. Collateral Proceeds
5. The Collateral Proceeds consist of
of approximately $648,467 of premiums for their general liability policy related to control of
wells, offshore properties, onshore properties and loss of production in Alaska. The Debtors
might receive additional returned premiums of approximately $60,000 after the completion of
year-end audits for their workers compensation, auto liability, auto physical damage, umbrella
and general
liability policies.
b. Alaska Assets Bidder Deposits: On July 1,2009, the Court
entered an Order approving sale procedures for the Debtors' Alaska assets, and on July 2,2009
the Debtors filed their motion for an order approving the sale of their Alaska assets to the maker
of the highest and best bid at an auction. Ammadon Limited/Catherwood Limited ("Ammadon")
and New Alaska Energy, LLC ("NAE") submitted bids with deposits before the auction. On
July 20, 2009, Debtors held the auction of
interests in leased oil and gas production assets located in Alaska (and related assets and
contracts) that are operated by PERL or Aurora Gas, LLC; (b) PEAO' s interests in leased gas
production assets located in Alaska (and related assets and contracts) that are operated by Aurora
Gas, LLC; and (c) PEAH's 50% of the issued and outstanding common stock of
Line Company. At the Auction, Ammadon was the successful bidder and NAE was the backup
68773-002\DOCS LA:218636. 0
bidder. Neither Ammadon nor NAE was able to close its purchase and the Debtors claimed
forfeiture of Ammadon's and NAE's respective deposits. As a result of separate agreements
between the Debtors and Ammadon and NAE (which had commenced an adversary proceeding
for the return of its deposits), the Debtors retained $250,000 of Ammadon' s deposit and
$225,000 ofNAE's deposit (which settlement with NAE was approved by an order entered by
the Court on April
Conservation Commission ("AOGCC") to establish an escrow until a Royalty Sharing Agreement ("RSA") was negotiated between the United States Bureau of Land Management, the
State of Alaska and PEAO or its predecessor for the sharing of royalties (lessors' royalties and overriding royalty interests) for the upper zone of West Foreland #2 natural gas welL. Forest
funded this segregated escrow account (the "Royalty Account"), at First National Bank of Alaska
(the "Escrow Agent"), and turned over the account to PEAO in conjunction with PERL's
acquisition ofPEAO's predecessor in August 2007. The RSA was subsequently completed and
funds distributed pursuant to AOGCC order in December 2008. Of
Forest, $550,699.39 (which includes interest accrued since that time) remains in the segregated
escrow
ORRIs, listed on Exhibit A to this Motion, that need to be paid once title is cleared or proper
addresses are obtained. As requested below, with this Court's authorization, the Escrow Agent
would transfer the funds in the Royalty Account to the Debtors (and would, thereupon, be
relieved of its obligation to maintain the Royalty Account and any liability to the royalty holders
68773-002\DOCS_LA:218636. i 0
or any other party) and the Debtors would then transfer $38,485 from the Royalty Account to the
Kreielsheimer Remainder Foundation and $55,665 (being $94,140 less $38,485) from the
Royalty Account to Cook Inlet Energy, LLC ("CIE"), the purchaser of
Assets, to be administered by CIE, if CIE agrees, or by the Debtors for the benefit of royalty
holders listed on Exhibit A to this Motion. The balance of$456,559.39 ($550,699.39 less
$94,140) will be paid to the Beneficiaries (subject to this Court's approval). Also, the Debtors,
may transfer any additional amounts received from the Escrow Agent on account of additional
accrued interest (over and above the escrow account balance noted above) to the Beneficiaries.
d. Returned Legal Retainer: On April 13,2010, this Court
which had received a prepetition retainer of $25,000. Under the approved stipulation, Stoel
Rives, LLP retained $4,107.50 of such retainer for services rendered and returned $20,892.50 to
the Debtors.
e. Business Interruption Insurance Proceeds: On September 10,
2009, PERL filed an approximately $32 milion claim for contingent business interruption under
its liability insurance policy issued by Lloyd's of London/JH Blades (60%), AIG-Ocean
Marine/B&M (25%), CV Start (12.5%) and American HulllOffshore Insurance (2.5%). The
claim is for loss of production and debt service coverage for its subsidiary PEAO, for the period
March 22,2009 through the date of abandonment of
direct result of
Chevron through which all ofPEAO's Alaskan oil production flowed and was loaded onto ships
for transport and sale) from the March 22, 2009 and subsequent eruptions of
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volcano located near Cook Inlet, Alaska. PERL's claim has been denied by the insurance carrier,
however, PERL notified the insurance carrier on March i, 20 i 0 that is contesting the denial of
coverage.
f. Trading Bay Oil Sale Proceeds Escrow Funds: On April 28,
2009, this Court entered its Order Governing Further Proceedings on Motion of
Union Oil
Company of
California
for Relieffrom Automatic Stay (Docket No. 230) in which it ordered (a)
Alaska oil refiner Tesoro Alaska Company ("Tesoro") to pay to the Debtors the purchase price
of oil produced at the Trading Bay Unit and Trading Bay Field (which are operated by Union Oil
Company of California ("Union"), and in which oil sale proceeds Union claims an interest) and
(b) the Debtors to place the funds received from Tesoro in a segregated interest-bearing account
(the "Trading Bay Oil Sale Payments Account"), where they remain. The balance in such
account (as of
until further order of the Court in the pending adversary proceeding relating to such funds fied
by Union.
g. Alaska Tax Credits and Refunds: Pursuant to AS 43.55.023
"Tax Credits for certain losses and expenditures," PEAO has applied for tax credits for
"qualified capital expenditures" and "carried-forward annual loss" (both are defined terms) for
the period January 1, 2009 through the date of abandonment of its Alaska assets in September
2009. PEAO intends to apply for the same tax credits for 2007 and 2008. Pursuant to this
statute, these tax credits can be transferred (sold) to another entity that has the ability to apply the
tax credits against production taxes payable under AS 43.55.011 "Oil and gas production tax."
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The amount or timing of proceeds, if any, ultimately realizable from these tax credits is not
known.
C. Relevant Prepetition Secured Loan
6. Before the Petition Date, PEAO entered into that certain Second Lien
capacity, the "PEAO Second Lien Administrative Agent") and as PEAO Second Lien Collateral
Agent, and 1. Aron, as documentation agent, pursuant to which the PEAO Second Lien Lenders
extended credit to PEAO on the terms set forth therein.
7. Pursuant to the security documents related to the PEAO Second Lien
Credit Agreement, the PEAO Second Lien Collateral Agent, for the benefit of itself, the PEAO
Second Lien Administrative Agent and the PEAO Second Lien Lenders) was granted a perfected
security interest in the Prepetition PEA Collateral and the Prepetition Beta Collateral (as each such term is defined in the Final DIP Financing Order), including without limitation the
Collateral Proceeds. Pursuant to the Debtor's Stipulations (as defined in the Final DIP Financing
Order), the Debtors acknowledged and agreed to such liens and security interests in the Final DIP Financing Order (Final DIP Financing Order, Section G).
8. Pursuant to the Final DIP Financing Order:
extent, priority, or perfection of the mortgages, security interests, and liens of the Prepetition Agents or any Prepetition Secured
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Party; (b) the validity, allowability, priority, fully secured status or amount of the Prepetition Obligations; or (c) the validity,
allowability, priority, fully secured status or amount of
the PERL
DIP Term Facility, PERL Refunding Amount, PEAO DIP Term Facility, or PEAO Refunding Amount. The Statutory Committee must commence, as appropriate, a contested matter or adversary proceeding raising such claim, objection, defense, or other challenge, including, without limitation, any claim against any Prepetition Agent or Prepetition Secured Party in the nature of a setoff, counterclaim or defense to the applicable Prepetition Obligations or the Prepetition Liens (each, a "Challenge") on or before July 13,2009 (the "Challenge Period"). Upon the
occurrence of the expiration of
"Challenge Period Termination Date"): (A) any and all Challenges by any party (including, without limitation, the Statutory Committee, any chapter 11 trustee, andlor any examiner or other estate representative appointed or elected in these Cases, and any chapter 7 trustee andlor examiner or other estate representative appointed or elected in any Successor Cases), shall be deemed to
be forever waived and barred; and (B) all of
the Debtors'
Stipulations, waivers, releases, affrmations and other stipulations as to the priority, extent, and validity as to the Prepetition Agents' and each Prepetition Secured Party's, claims, liens, and interests shall be of full force and effect and forever binding upon all the Debtors' estate and all creditors, interest holders, and other parties in interest in these Cases and any Successor Cases.
Final DIP Financing Order i 34.
No Challenge (as defined in the Final DIP Financing Order) was asserted and pursuant to
the Final DIP Financing Order, the liens granted by and acknowledged by the Debtors on their
assets, including, for the avoidance of doubt, the Collateral Proceeds, are in full force and effect.
D. Final DIP Financing Order
9. On March 11, 2009, the Borrowers and Guarantors entered into that
certain Senior Secured Super Priority Priming Debtor in Possession Credit and Guaranty
Agreement, dated as of March 11, 2009 (the "DIP Agreement"), by and among the Debtors, the
lenders party thereto from time to time, 1. Aron, as Lead Arranger and as Syndication Agent (in
such capacities, "Syndication Agent"), J. Aron, as Administrative Agent for such Lenders
(together with its permitted successor in such capacity, "Administrative Agent"), and J. Aron and
Silver Point, each as Collateral Agent for such Lenders (each in such capacity, a "Collateral
Agent"), a portion of the proceeds of
supplemented or otherwise modified from time to time), among PERL, as borrower, certain
subsidiaries of PERL, as the guarantors, the lenders from time to time party thereto (the "PERL
Lenders"), and J. Aron, as administrative agent for the PERL Lenders and (b) the First Lien
to time party thereto (the "PEAO First Lien Lenders"), Silver Point, as administrative agent for
the PEAO First Lien Lenders, and 1. Aron, as documentation agent.
10. On June 4, 2009 (Docket No. 415), the Bankruptcy Court entered its Final
Order Pursuant to 11 Us.e. 105,361,362, 363, 364 and 507 (1) Approving Post
petiion
Superpriority Administrative Expense Status, (4) Granting Adequate Protection, and (5)
Modtfying the Automatic Stay, entered by the Bankruptcy Court in the Case on June 4, 2009
(Docket No. 415) (the "Final DIP Financing Order"). Pursuant to the Final DIP Financing
Order, the Beta Collateral Agent, for the benefit of itself and the other DIP Secured Parties (as
such terms are used therein) was granted a security interest in:
(1) all presently owned and hereafter acquired assets of the applicable Debtors and their estates, and any proceeds and products thereof, including without limitation, accounts, deposit accounts, cash, as-extracted collateral, chattel paper, investment
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property, letter-of-credit rights, securities accounts, commercial tort claims, investments, instruments, documents, inventory, contract rights, franchise agreements, general intangibles, intellectual property, real property, fixtures, goods, equipment and other fixed assets and proceeds and products of all of the foregoing (including insurance proceeds), (2) proceeds of avoidance actions arising solely under Section 549 of the Bankruptcy Code, (3) any rights under Section 506( c) of the Bankruptcy Code, (4) any unencumbered assets of the applicable Debtors, (5) a pledge, for the benefit of the DIP Secured Parties and the applicable DIP Collateral Agent, of one hundred percent (100%) of the capital
stock or other equity interests of interests in PERL), and (6) a Lien on all assets of
The Collateral Proceeds are assets of the Debtors and the liens on such assets were
perfected by the Final DIP Financing Order as described above.
E. Transfer of Claim bv J. Aron to Rise
11. 1. Aron transferred its secured claim to Rise Energy on or about December
8,2009 (Docket No. 1194), subject to the terms of a certain Purchase Agreement dated
November 6,2009 ("Rise Purchase Agreement") by and among J. Aron and Rise, and certain
other parties thereto. 1. Aron has informed the Debtors that, pursuant to Paragraph 1.01 of the
Rise Purchase Agreement, J.Aron sold all of its rights and obligations under the DIP Agreement
and the PEAO Second Lien Credit Agreement (and each of
thereunder) and all of its rights, claims and interests in the Debtors' chapter 11 cases to Rise, in
each case other than the Excluded Rights. 1. Aron has informed the Debtors that the Excluded
Rights are defined in the Rise Purchase Agreement as:
all rights of each Seller Party (i) to all payments or distributions received by the Seller prior to the Closing Date under the Loan Documents, (ii) under the Agreement and all documents related to
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ORRIs) or the Closing, (iii) to receive any proceeds from the sale of crude oil or other petroleum products produced from Trading Bay Unit and Trading Bay Field, including without limitation those which are currently held in a segregated, interest-bearing account by order of the Bankruptcy Court dated April 28, 2009 (Docket No. 230), other than such proceeds which are required to remain in the PEAO estate pursuant to Paragraph 35 of Final DIP Order, (iv)
all payments or proceeds from insurance covering the Debtors'
business interruption and debt service and related losses resulting from the eruptions of Mount Redoubt and related events and any refunds or rebates of insurance premiums associated with the
abandonment or other discontinuation of operations of
the Debtors'
Alaska operations and assets, (v) all payments or proceeds resulting from deposits made by potential purchasers of Debtors' operations or assets in Alaska or claims relating thereto, including without limitation, Catherwood Limited and its affiliated entities, and (vi) any other payments or distributions under the Loan Documents that result from the Debtors' operations or assets in Alaska or claims relating thereto.
As indicated above, the items above that constitute Collateral Proceeds were specifically retained
by J. Aron in the Rise Purchase Agreement.
F. Sale of Non-Trading Bay Alaska Assets
12. On November 25,2009 (Docket No. 1157), the Court entered that certain
Conditional Order (A) Vacating This Court's Abandonment Order in Part for Certain Alaska
Assets and (B) A uthorizing the Debtors to Sell Certain Alaska Assets ("Non-Trading Bay Alaska
Sale Order")? Pursuant to the Non-Trading Bay Alaska Sale Order, the assets sold to CIE did
not include the Excluded Items, as defined in the Alaska Sale Agreement:
The Buyer is not purchasing all of
is only purchasing the Sold Assets and is not purchasing any assets
2 The Debtors working interests in oil wells located in Trading Bay in Cook Inlet, Alaska, were
abandoned pursuant to this Court's Order Granting Alternative Motion of Pacifc Energy Alaska
Operating LLC for an Order Authorizing Abandonment of Interests in Oil and Gas Properties at Trading
Bay, Alaska and Rejection of Executory Contracts Relating Thereto, entered September 2,2009 (Docket No. 832).
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other than the Sold Assets, to the extent set forth in the Sale Agreement. The Sold Assets do not include the Excluded Items, as
defined in the Sale Agreement. The Excluded Items shall remain
Sale Agreement approved thereby (the "Alaska PSA"), the Debtors sold certain of its Alaska
operations to CIE. Certain of
the Debtors' Alaska assets were, however, excluded from the sale.
See Alaska PSA (Exhibit 3 to Docket No. 1156) at 1.39 (Excluded items from sale include
cash equivalents, third-party indemnities, rights under insurance policies, interests in property owned by third parties, business interruption claims, claims against operators, and claims
unrelated to the Alaska interests that were sold); 10.13 (reservation of claims against third
parties).
G. Sale of Beta Assets and Successful Bidders' Remaining Claim in Excluded Interests
14. On August 23,2009, this Court entered its Order: (i) Approving Sale of
the Debtors' Beta Assets Free and Clear of All Liens, Claims, Encumbrances, and Other
Interests Pursuant to Section 363 (b), (f) and (m) of
Assigning Certain Executory Contracts and Unexpired Leases; and (hi) Granting Related Relief
(Docket No. 1239) (the "Beta Sale Order"). The Beta Sale Order recites that the purchase and
sale agreement between the Debtors and the Successful Bidders provides for:
the extinguishment of any Seller Indebtedness (including obligations and indebtedness arising under any ancillary loan documents to the Credit Agreement) that is not otherwise part of the Credit Bid Amount or the Assumed Debt, except that the Successful Bidders shall retain a $75,000,000 claim (the "Remaining Claim") that is secured solely by the Excluded Interests, and to the extent the proceeds realized from the Excluded
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Interests do not satisfy the Remaining Claim, the remainder of the Remaining Claim shall be an allowed general unsecured claim in
the Debtors' cases subject to paragraph 17 of
Point's, Rise's and 1. Aron & Company's respective rights to the Excluded Interests existed immediately prior to the entry of this Order.
Beta Sale Order i G(iii).
15. The Beta Sale Order defines the "Excluded Interests" as:
all of the right, title and interest of any of the Successful Bidders
and any of their predecessors or affliates or any of
the Debtors'
estates in (i) all payments or proceeds from insurance covering the Debtors' business interruption and debt service and related losses resulting from the eruptions of Mount Redoubt and related events and any refunds of insurance premiums associated with the abandonment of operations of the Debtors' Alaska operations and assets or otherwise, (ii) any proceeds from the sale of crude oil or other petroleum products produced from the oil fields commonly known as Trading Bay Unit and Trading Bay Field, including without limitation those which are currently held in a segregated this Court dated April 28, interest-bearing account by order of 2009 (Docket No. 230), other than such proceeds which are
required to remain in the Pacific Energy Alaska Operating, LLC
the Final DIP Order, (iii) all payments or proceeds resulting from deposits made by potential the Debtors' operations in Alaska or claims relating purchasers of thereto, including without limitation, Catherwood Limited and its affiiated entities, and (iv) any assets or proceeds of assets related to any Alaska properties not otherwise bid or assumed to which the Successful Bidders, or their predecessors-in-interest or successorsthey were not bidders. in-interest, would otherwise be entitled if As set forth in paragraph G(i) above, the Successful Bidders shall retain the Remaining Claim as an allowed first priority senior secured (as to the Excluded Interests only) $75,000,000 claim and as an unsecured claim to the extent of any deficiency.
estate pursuant to Paragraph 35 of
16. The Beta Sale Order also provides in pertinent part that the Beneficiaries
and their respective predecessors-in-interest have rights to the proceeds of Excluded Interests:
For the avoidance of doubt, the Successful Bidders and their respective predecessors-in-interest shall maintain the rights to any proceeds of Excluded Interests as such rights existed immediately
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prior to entry of this Order, and any such proceeds of Excluded Interests received by the Successful Bidders andlor Debtors shall be distributed by the Successful Bidders andlor Debtors, as applicable, in accordance with the respective agreements governing such Seller Indebtedness as they existed immediately prior to the entry of this Order.
Beta Sale Order i 27. Such rights appear in another section of
this Order, all Seller Indebtedness (including obligations and indebtedness arising under any ancillary loan documents to the Credit Agreements) remaining after application of the Credit Bid Amount other than the Assumed Secured Debt, and any documents evidencing any Seller Indebtedness (including ancillary loan documents to the Credit Agreements) other than documents evidencing the Assumed Secured Debt (as to which Silver Point, and not the Debtors, shall be the obligor), shall be extinguished and terminated; provided, however, that the
Upon entry of
Remaining Claim received by the Success.ftl Bidders and/or Debtors shall be distributed by the Successful Bidders and/or Debtors, as applicable, in accordance with the respective agreements governing such Seller Indebtedness as they existed immediately prior to entry of this Order.
Beta Sale Order i 28 (emphasis added).
17. Therefore the express terms of
requested.
Relief Requested
18. By this Motion, the Debtors request that the Court enter an order
authorizing the Debtors to pay the proceeds of certain of the Excluded Interests (now in hand and
collected in the future) to the Beneficiaries pursuant to sections G(iii), 18, 27 and 28 of
the Beta
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Sale Order and paragraph 21 of the Final DIP Order. 3 Also, by this Motion, the Debtors request
that (a) the Escrow Agent be directed to transfer the balance of
Debtors, and thereupon the Escrow Agent would be relieved of its obligation to maintain the
Royalty Account and any liability to the royalty holders or any other party, and such account
shall be closed; and (b) the Debtors be authorized to transfer from the Royalty Account funds it
receives from the Escrow Agent: (i) $38,485.01 to royalty holder Kreielsheimer Remainder
Foundation; (ii) $55,655.27 to CIE to be administered by CIE, ifCIE agrees, or by the Debtors
for the benefit of
royalty holders listed on Exhibit A to the Motion; and (iii) $456,559.39 to the
Beneficiaries (also, the Debtors, may transfer any additional amounts received from the Escrow
Agent on account of additional accrued interest, over and above the escrow account balance
noted above, to the Beneficiaries).
Jurisdiction
19. The Court has jurisdiction over this Motion under 28 U.S.c. 157 and
1334. This matter is a core proceeding within the meaning of 28 U .S.C. 157(b )(2). Venue is
proper before this Court pursuant to 28 U.S.C. 1408 and 1409. The statutory predicates for
the relief requested herein are sections 105(a) of
may "issue any order, process, or judgment that is necessary or appropriate to carry out the
3 Paragraph 21 of the Final DIP Order is entitled "Application of Proceeds of Collateral, Payments and
Collections," and it provides the order in which proceeds of DIP Collateral and Prepetition Collateral are applied (first to DIP Credit Agreement Obligations, then to prepetition debt and third and last to the Debtors). Paragraph 21 states that it is "the exclusive method of application of proceeds of Collateral and shall not be affected or otherwise modified by any prepetitIon intercreditor agreement solely among the PrepetItion Secured Parties."
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provisions of' the Bankuptcy Code. 11 U.S.c. 105(a). Under section 105(a) and its equitable
powers, "the bankuptcy court has authority to take any action or make any determination
necessary or appropriate to enforce or implement orders." Beal Bank, SSB. v. Jack's Marine,
Inc., 201 B.R. 376, 379 (E.D. Pa. 1996) (citations omitted). Also, this Court retained
jurisdiction
specifically to "interpret, implement, and enforce the terms and provisions of this (Beta Sale)
Order. . . ." Beta Sale Order at i 27.
21. The relief requested herein is arguably authorized by the Beta Sale Order
and Final DIP Financing Order and is consistent with the Non-Trading Bay Alaska Sale Order.
Nevertheless, the Debtors request an order authorizing such payments out of an abundance of
caution and to preclude any doubt regarding this Court's authorization to do so. The Debtors
request that (a) this Court enter the requested order to implement its prior orders by authorizing
the Debtors to make the requested present and future payments of Collateral Proceeds (net of
costs) to the Beneficiaries as set forth herein; (b) direct the Escrow Agent to transfer the balance of the Royalty Account to the Debtors, and thereupon the Escrow Agent would be relieved of its
obligation to maintain the Royalty Account and any liability to the royalty holders or any other
party, and such account shall be closed; and (c) authorize the Debtors to transfer from the
Royalty Account funds it receives from the Escrow Agent: (i) $38,485.01 to royalty holder
Kreielsheimer Remainder Foundation; (ii) $55,655.27 to CIE to be administered by CIE, if CIE
agrees, or by the Debtors for the benefit of royalty holders listed on Exhibit A to the Motion; and (iii) $456,559.39 to the Beneficiaries (also, the Debtors, may transfer any additional amounts
received from the Escrow Agent on account of additional accrued interest, over and above the
escrow account balance noted above, to the Beneficiaries).
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Notice
22. Notice of this Motion was provided to: (a) Office of
Trustee; (b) counsel to the Official Committee of Unsecured Creditors; (c) counsel to the Debtors' prepetition and postpetition lenders; (d) counsel to Rise Energy Beta, LLC; (e) counsel
to SP Beta Properties, LLC; (f) counsel to Cook Inlet Energy, LLC; (g) any persons with secured
interests in the collateral andlor proceeds addressed by this Motion; (h) oil and gas royalty
owners with funds in the Royalty Account to the extent known by the Debtors; (i) insurers that returned unapplied premiums for Alaska policies and or issued a business interruption insurance
policy for Alaska business; ) Stoel Rives LLP; (k) counsel to Ammadon Limited and
Catherwood Limited; (1) counsel to New Alaska Energy, LLC; (m) Forest Oil Corporation; (n)
counsel to Tesoro Alaska Company; (0) First National Bank of Alaska; and (p) those persons
who have requested notice pursuant to Rule 2002 of the Federal Rules of Bankruptcy Procedure.
23. No prior request for the relief sought in this Motion has been made to this
or any other Court in connection with this Case.
WHEREFORE, the Debtor respectfully requests that the Court enter an Order,
substantially in the form submitted herewith: (a) authorizing the Debtors to pay the proceeds of
certain of the Excluded Interests (now in hand and collected in the future), net of
costs, to the
Beneficiaries pursuant to sections G(iii), 18, 27 and 28 of the Beta Sale Order and paragraph 21
of the Final DIP Order; (b) directing the Escrow Agent to transfer the balance of
the Royalty
Account to the Debtors, and thereupon the Escrow Agent would be relieved of its obligation to
maintain the Royalty Account and any liability to the royalty holders or any other party, and such
account shall be closed; (c) authorizing the Debtors to transfer from the Royalty Account funds it
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receives from the Escrow Agent: (i) $38,485.01 to royalty holder Kreielsheimer Remainder
Foundation; (ii) $55,655.27 to CIE to be administered by CIE, if CIE agrees, or by the Debtors
for the benefit of
royalty holders listed on Exhibit A to the Motion; and (iii) $456,559.39 to the
Beneficiaries (also, the Debtors, may transfer any additional amounts received from the Escrow
Agent on account of additional accrued interest, over and above the escrow account balance
noted above, to the Beneficiaries); and (d) granting such other and further relief as the Court
deems just and appropriate.
Dated: April
3), 2010
68773-002\DOCS_LA:2 i 8636. 1 0
19
In re ) Chapter 11
)
Debtors. )
) (Jointly Administered)
Deadline for Objections: May i 2, 20 i 0 at 4:00 p.m. Hearing Date: May i 9,20 i 0 at 2:00 p.m.
NOTICE OF DEBTORS' MOTION FOR ORDER IMPLEMENTING PRIOR ORDERS OF THIS COURT BY AUTHORIZING DEBTORS TO PAY NET PROCEEDS OF CERTAIN PETITION AND POSTPETITION LENDERS
the United States Trustee; (ii) counsel to the Offcial Committee of Unsecured Creditors; (iii) counsel to the Debtors' prepetition and postpetition lenders; (iv) counsel to Rise Energy Beta, LLC; (v) counsel to SP Beta Properties, LLC; (vi) counsel to Cook Inlet Energy, LLC; (vii) any persons with secured interests in the collateral andlor proceeds addressed by this Motion; (viii) oil and gas royalty owners with funds in the Royalty Account to the extent known by the Debtors; (ix) insurers that returned unapplied premiums for Alaska policies and lor issued a business interruption insurance policy for Alaska business; (x) Stoel Rives LLP; (xi) counsel to the State of Alaska; (xii) counsel to Ammadon Limited and Catherwood Limited; (xiii) counsel to New Alaska Energy, LLC; (iv) Forest Oil Corporation; (xv) counsel to Tesoro Alaska Company; (xvi) First National Bank of Alaska; and (xvii) those persons who have requested notice pursuant to Rule 2002 of the Federal Rules of Bankruptcy Procedure.
To: (i) Offce of
PLEASE TAKE NOTICE that, on the date hereof, the above-captioned debtors
and debtors in possession (collectively, the "Debtors") filed the enclosed Debtors' Motion For
Order Implementing Prior Orders Of
the Debtors' federal tax identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska Holdings, LLC (tax I.D. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); Cameros Energy, Inc. (9487); and Gotland Oil, Inc.
(5463). ThemailingaddressforalloftheDebtorsis111W.OceanBoulevard.Suite 1240, Long Beach,
i The Debtors in these cases, along with the last four digits of each of
CA 90802.
Of
Certain Collateral To The Debtors' PostpetUion Lenders (the "Motion") with the United
States Bankruptcy Court for the District of Delaware, 824 Market Street, 3rd Floor, Wilmington,
Delaware 19801 (the "Bankuptcy Court,,).2
Ocean Boulevard, Suite 1240, Long Beach, CA, Attn: Gerald A. Tywoniuk, Acting Chief Executive Officer (email: gtywoniukCfpacenergy.com). with a copy to: (a) the Debtors'
financial advisor, Zolfo Cooper LLC, 1166 Avenue of
Attn: Scott W. Winn, Senior Managing Director (email: swinnCfzolfocooper.com) and Mark A.
Cervi (email: mcerviCfzolfocooper.com); and (b) the Debtors' counsel (i) (A) Pachulski Stang
Ziehl & Jones LLP, 10100 Santa Monica Blvd., 11th Floor, Los Angeles, California 90067-4100,
Rutan & Tucker, LLP, 611 Anton Blvd., 14th Floor, Costa Mesa, CA 92626, Attn: Gregg
Amber (email: gamberCfrutan.com) and Garett Sleichter (email: gsleichterCfrutan.com); and
(iii) Schully, Roberts, Slattery & Marino, PLC, 1100 Poydras Street, Suite 1800, New Orleans,
68773-002\DOCS_LA:2 i 8636. i 0
Offcial Committee of
Washington, DC 20036, Attn: Fil Agusti (email: fagustiCfsteptoe.com); (d) counsel to the
Debtors' prepetition and postpetition lenders: (i) Bingham McCutchen LLP, 399 Park Avenue,
New York, NY 10022, Attn: Jeffrey S. Sabin (email: jeffrey.sabinCfbingham.com); and (ii) Skadden, Arps, Slate, Meagher & Flom LLP, 155 North Wacker Drive, Chicago, Ilinois 60606,
Attn: Seth E. Jacobson (email: seth.jacobsonCfskadden.com); (e) counsel to Rise Energy Beta,
LLC: Haynes & Boone, 2323 Victory Avenue, Dallas, Texas 75219, Attn: Robert D.
Albergotti, Esq; Fax: 214-651-3940, e-mail: Robert.albergottiCfhaynesboone.com; and (f)
counsel to Cook Inlet Energy, LLC: Sullivan' Hazeltine' Allinson LLC, 4 East 8th Street, Suite
400, Wilmington, DE 19801, Attn: William D. Sullivan, Esq. (Fax: (302) 428-8195; e-mail:
bsullivanCfsha-llc.com ).
IF OBJECTIONS OR RESPONSES ARE TIMELY FILED AND SERVED IN ACCORDANCE WITH THIS NOTICE, A HEARING ON THE MOTION WILL BE HELD
BEFORE THE HONORABLE KEVIN 1. CAREY AT THE UNITED STATES
68773-002\DOCS_LA218636. i 0
ACCORDANCE WITH THIS NOTICE, THE BANKRUPTCY COURT MAY GRANT THE
RELIEF REQUESTED BY THE MOTION WITHOUT FURTHER NOTICE OR HEARING.
68773-002\DOCS LA:218636. i 0
Exhibit A
Description: Royalty Owners for West Foreland Escrow Account
Owner Id
147730 Oi i Investment Trust
Amount
$10,952.85 $35.596.75
1 nterest
Total
$888.70
$11.841.5
$38.485.01
$2.888.26
$888.70 $888.70
$10,952.85 $10,952.85
$11.841.55
$11,841.55
$2,368.3 i
$2,190.57
$ 1 6,429.27
$17774
$1,333.04 $7,065.14
$17.762.31
Totals:
$87,075.14
$94,140.28
68773-002\DOCS_LA:2 i 8626.2
In re ) Chapter 11
)
Debtors. )
) (Jointly Administered)
) Related Docket No.
ORDER IMPLEMENTING PRIOR ORDERS OF THIS COURT BY AUTHORIZING DEBTORS TO PAY NET PROCEEDS OF CERTAIN COLLATERAL TO THE
DEBTORS' POSTPETITION LENDERS
Upon consideration of
Orders Of
petiton Lenders (the "Motion"), the Court having convened a hearing on the
Motion and finding that due and suffcient notice of the Motion having been given under the
circumstances; and it appearing that the Court has jurisdiction over this matter pursuant to 28
U.S.C. 157 and 1334 and this is a core proceeding under 28 U.S.c. 157(b)(2); and after due
deliberation; and sufficient cause appearing therefore pursuant to 11 U.S.C. 1112(b), it is
hereby
identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska Holdings, LLC (tax I.D. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); Cameros Energy, Inc. (9487); and Gotland Oil, Inc. Suite 1240, Long Beach, for Debtors is ILL W. Ocean Boulevard, mailing address all of the (5463). The CA 90802.
2 Capitalized terms not expressly defined herein shall have the meanings ascribed to such terms in the
Motion.
68773-002\DOCS LA:
2 i 8636. 1 0
motions seeking authority to pay the Beneficiaries the net proceeds of other of any Debtor's
collateraL.
4. The Escrow Agent is directed to transfer the balance of
the Royalty
Account to the Debtors, and thereupon the Escrow Agent would be relieved of its obligation to maintain the Royalty Account and any liability to the royalty holders or any other party, and such
account shall be closed. The Debtors shall then transfer from the Royalty Account funds it
receives from the Escrow Agent: (a) $38,485.01 to royalty holder Kreielsheimer Remainder
Foundation; (b) $55,655.27 to CIE to be administered by CIE, if CIE agrees, or by the Debtors
for the benefit of
royalty holders listed on Exhibit A to the Motion; and (c) $456,559.39 to the
Beneficiaries (also, the Debtors, may transfer any additional amounts received from the Escrow Agent on account of additional accrued interest, over and above the escrow account balance
noted above, to the Beneficiaries).
5. This Court retains jurisdiction to interpret and enforce this Order.
6. This Order shall be effective immediately upon its entry and no stay of
Date:
,2010
The Honorable Kevin 1. Carey United States Bankruptcy Judge
68773-002\DOCS LA218636.10
In re ) Chapter 11
)
Debtors. )
) (Jointly Administered)
CERTIFICATE OF SERVICE
I, Kathleen P. Makowski, Esquire, hereby certify that on the 30th day of April,
2010, I caused a copy of
i The Debtors in these cases, along with the last four digits of each of the Debtors' federal tax
identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska Holdings, LLC (tax J.D. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); Cameros Energy, Inc. (9487); and Gotland Oil, Inc. 1240, Long Beach, for all the Debtors is 111 W.OceanBoulevard,Suite mailing address of (5463). The CA 90802.
68773-002\DOCS _ LA:218636.10
Pacific Energy Resources Ltd. 2002 Service List Case No. 09-10785
Document No. 145745
18 - Hand Delivery
50 - First Class Mail
Hand Delivery (United States Attorney) Ellen W. Slights, Esq. United States Attorney's Offce District of Delaware
1007 N. Orange Street, Suite 700
Wilmington, DE 19801
Hand Delivery (Counsel for Silver Point Finance) Ian S. Fredericks, Esquire Skadden Arps, Slate, Meagher & Flom LLP One Rodney Square P.O. Box 636 Wilmington, DE 19899 Hand Delivery (Counsel for J. Aron & Company) Don A. Beskrone, Esquire Amanda M. Winfree, Esquire Ashby & Geddes, P.A.
500 Delaware Avenue, 8th Floor
(Counsel for Debtors) Laura Davis Jones, Esquire James E. O'Neill, Esquire Kathleen P. Makowski, Esquire Pachulski Stang Ziehl & Jones LLP 919 North Market Street, 17th Floor P.O. Box 8705 Wilmington, DE 19899-8705
Interoffce Pouch to Los Angeles
Counsel for Debtors) Robert M. Saunders, Esquire Ira D. Kharasch, Esquire Scotta E. McFarland, Esquire Pachulski Stang Ziehl & Jones LLP
10100 Santa Monica Blvd., 11 th Floor
Wilmington, DE 19899
Hand Delivery (Counsel for Union Oil Company of California, a California Corporation) Norman M. Monhait, Esquire
Rosenthal, Monhait & Goddess, P A
Citizens Bank Center, Suite 1401
Wilmington, DE 19801
Hand Delivery (Copy Service)
Parcels, Inc.
Hand Delivery (Counsel for Oxy Long Beach Inc.) David L. Finger, Esquire
Finder, Slanina Liebesman, LLC
Hand Delivery (Counsel for Ammadon Limited and Catherwood Limited) Mark E. Felger, Esquire Cozen O'Connor 1201 N. Market Street, Suite 1400 Wilmington, DE 19801
Hand Delivery (Counsel for Forest Oil Corporation)
Robert J. Dehney, Esquire
Unsecured
Creditors) David B. Stratton, Esquire James C. Carignan, Esquire Pepper Hamilton LLP
Hercules Plaza, Suite 1500
Curtis S. Miller, Esquire Morris Nichols Arsht & Tunnell LLP 1201 N. Market Street
Wilmington, DE 19899
Hand Delivery (Counsel for Stellar Energy LLC) Brian E. Farnan, Esquire Phillips, Goldman & Spence, P.A. 1200 North Broom Street Wilmington, DE 19806
Hand Delivery (Counsel for Marathon Oil Company) Kevin J. Mangan, Esquire Womble Carlyle Sandridge & Rice, PLLC 222 Delaware Avenue, Suite 1501 Wilmington, DE 19801
Hand Delivery
(Counsel for Ramshorn Investments, Inc.) Jonathan L. Parshall, Esquire
Murphy & Landon
Hand Delivery (Counsel for Cook Inlet Region, Inc.) Eric Lopez Schnabel, Esquire Dorsey & Whitney (Delaware) LLP
300 Delaware Avenue, Ste 1010
Wilmington, DE 19805
Hand Delivery (Counsel for Longfellow Energy LP) Teresa K.D. Currier, Esquire Saul Ewing LLP 222 Delaware Avenue, Suite 1200 Wilmington, DE 19899 Hand Delivery (Counsel for Rise Energy Partners, LP) Christopher A. Ward, Esquire Justin K. Edelson, Esquire Polsinelli Shughart, PC 222 Delaware Avenue, Suite 1101 Wilmington, DE 19801
Wilmington, DE 19801
Hand Delivery (Counsel for Area Energy LLC) Norman L. Pernick, Esquire Karen M. McKinley, Esquire Cole, Schotz, Meisel, Forman & Leonard,
P.A.
Washington, DC 20554
District Director Internal Revenue Service 31 Hopkins Plaza, Room 1150 Baltimore, MD 21201
Houston, TX 77067
Anna Meresidis, Esquire Skadden, Arps, Slate, Meagher & Flom, LLP 155 N. Wacker Drive, Suite 2700 Chicago, IL 60606-1720
Greenwich, CT 06830
E. Kathleen Shahan, Esquire U.S. Department of Justice 1100 L Street, NW Washington, D.C. 20005
Philadelphia, P A 19103
John J. Harris, Esquire Rachel M. Feiertag, Esquire Meyers, Nave, Riback, Silver & Wilson 333 South Grand Avenue, Suite 1670 Los Angeles, CA 90071
Robbin Itkin, Esquire Katherine Piper, Esquire Kelly Frazier, Esquire Steptoe & Johnson LLP
2121 Avenue of
Anchorage, AK 99501
Baltimore, MD 21209
(Counsel for the State of Alaska) Lorenzo Marinuzzi, Esquire Morrison & Foerster LLP
1290 Avenue of
the Americas
Martin A. Mooney, Esquire Deily, Mooney & Glastetter, LLP 8 Thurlow Terrace Albany, NY 12203
Joshua Taylor, Esquire Steptoe & Johnson LLP 1330 Connecticut Avenue NW Washington, DC 20036
(Counsel for United States Department of Interior, Minerals Management Service) Pamela D. Huff U.S. Department of Justice 1100 L Street, NW - Room 10000 Washington, D.C. 20005
Region
755 Parfet Street, Suite 151
Shawn M. Christianson, Esquire Buchalter Nemer, P.C. 333 Market Street, 25th Floor San Francisco, CA 94105
Lakewood, CO 80215
Pacific Energy Resources Ltd. Lien Holders FIRST CLASS MAIL List
Case No. 09- 10785
Document No. 145869
~chorage, f\ 99501-3560
the Interior
Camarilo, CA 93010
Pacific Energy
Special Service List
Hand Delivery (Counsel for Cook Inlet Region, Inc.) Eric Lopez Schnabel, Esquire Dorsey & Whitney (Delaware) LLP
1105 North Market Street, Suite 16th Floor
Wilmington, DE 19801
Hand Delivery
(Counsel for Medema Family Trust)
Hand Delivery (United States Attorney) Ellen W. Slights, Esq. United States Attorney's Office District of Delaware
1007 N. Orange Street, Suite 700
Wiliam E. Chipman, Jr., Esquire Landis Rath & Cobb LLP 919 Market Street, Ste 1800 Wilmington, DE 19801
Hand Delivery (Counsel for SalamatofNative Ass'n) Michael D. DeBaecke, Esquire
Blank Rome LLP
Wilmington, DE 19801
Hand Delivery (Counsel for J. Aron & Company) Don A. Beskrone, Esquire Amanda M. Winfree, Esquire Ashby & Geddes, P.A.
500 Delaware Avenue, 8th Floor
Wilmington, DE 19899
Hand Delivery (Counsel for Union Oil Company of California, a California Corporation) Norman M. Monhait, Esquire
Rosenthal, Monhait & Goddess, P A
Citzens Bank Center, Suite 1401
Hand Delivery (Counsel to New Alaska Energy) Anthony Saccullo, Esquire Carl Neff, Esquire Ciardi Ciardi & Astin 919 Market Street, Suite 700
Wilmington, DE 19801
Houston, TX 77002
Burr, Pease & Kurtz 810 N. Street, Ste 300 Anchorage, AK 99501
the Americas
Denver, CO 80202
Delaware State Franchise Tax Franchise Tax, Division of Corporations P.O. Box 11728
Newark, NJ 07101-4728
the Treasury
Ogden, UT 84201-0039
JOHN 1. HARRS ESQ. & RACHEL FEIERTAG MEYERS NAVE RE: ROSECRANS ENGERY 333 SOUTH GRAND AVENUE, SUITE
1670
HAND DELIVERY
)
WOMBLE CARL YLE SANDRIDGE & RICE, PLLC CIO KEVIN MANGAN, ESQ. RE: MARATHON OIL COMPANY 222 DELAWARE AVENUE, SUITE 1501 WILMINGTON, DE 19801
ROSECRANS ENERGY,
A CALIFORNIA LIMITIED PARTNERSHIP MR. SHERWIN D. YOELIN, GENERAL PARTNER 2117 TWAIN AVENUE CARLSBAD, CA 92008
HAND DELIVERY
)
ACE-USA I WESTCHESTER FIRE INSUR CO CIO TOBEY M. DALUZ, ESQUIRE BALLARD SPAHR ANDREWS & INGERSOLL, LLP 919 NORTH MARKT STREET, 12TH FLOOR WILMINGTON, DE 19801
DONALD & NOLA SANDERS TRUST CLIENT ID # 165429 ATTN: NOLA B. SANDERS 359 GEAN STREET MESQUITE, NV 89027
CAROL A LINELL
3040 MIDV ALE AVENUE LOS ANGELES, CA 90034-3408
IRA BENJAMIN KATZ RE: ROSECRANS ENGERY LAW OFFICE OF BENJAMIN KATZ A
PROF CORP
AURORA GAS,LLC. CIO JOHN H. TINDALL ATTN: G SCOTT PFOFF, PRESIDENT & MANAGER 6051 N. COURSE DRIVE SUITE 200 HOUSTON, TX 77072
TINDALL BENNETT & SCHOUP RE: AURORA GAS, LLC 508 WEST 2ND AVENUE, THRID FLOOR ANCHORAGE, AK 99501
A TTN: LARRY LEVIN 1111 OLD EAGLE SCHOOL ROAD WAYNE, PA 19087
HOUSTON, TX 77009
COMMERICAL INSURANCE BANKRUPTCY COLLECTIONS MICHELLE A. LEVITT 175 WATER STREET, 18TH FLOOR NEW YORK, NY 10038
PILLSBURY WINTHROP SHAW PITTMAN LLP CIO ROGER ELDER RE: UNION OIL COMPANY OF CALIFORNIA 1540 BROADWAY NEW YORK, NY 10036-4039
MARATHON OIL COMPANY ATTN: DAVID M. RISSER CIO YVONNE KUNETKA, ESQ. 5555 SAN FELIPE STREET, RM. 2535 HOUSTON, TX 77056
UNION OIL COMPANY OF CALIFORNIA ATTN: STEVE LASTRAPES MANAGING COUNSEL, U.S. ONSHORE 11111 S. WILCREST DRIE, ROOM N2011
MARATHON OIL COMPANY ATTN: DAVID M. RISSER CIO YVONNE KUNETKA, ESQ. 5555 SAN FELIPE STREET, RM. 2535 HOUSTON, TX 77056
HOUSTON, TX 77099
AFCO CREDIT CORPORATION 4501 COLLEGE BLVD. STE 320 LEAWOOD, KS 66211
NMHG FINANCIAL SERVICES ATTN: BECKY JANITO 1010 THOMAS EDISON BLVD SW CEDAR RAIDS, IA 52404
DCFS TRUST SUBSERVICER FOR DCFS TRUST CIO DEILY, MOONEY & GLASTETTER, LLP ATTN: MARTIN A. MOONEY, ESQ. 8 THURLOW TERRCE ALBANY, NY 12203
LAB PROPERTIES, INC. A TTN: JOHN C SIEMERSI WANDA M. BURGESS 5919 77TH AVENUE SOUTHEAST MERCER ISLAND, W A 98040
TATE, GOWAN & WILSON, PLLC RE: KATHLEEN BROWN 900 EIGHT STREET, SUITE 1020 WICHITA FALLS, TX 76301-6886
JASON AND JANET BURGESS ATTN: JOHN C. SIEMERS 3346 E. TONTO DRIVE PHOENIX, AZ 85044
MEDEMA FAMILY TRUST ATTN: JOHN C. SIEMERS - MAX MEDEMA 2800 KEMPTON HILLS DRIVE ANCHORAGE, AK 99516
BURR, PEASE & KURTZ RE: MEDEMA PROPERTIES, LLC 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
MEDEMA PROPERTIES, LLC ATTN:JOHN C. SIEMERS - MAX MEDEMA 2800 KEMPTON HILLS DRIVE ANCHORAGE, AK 99516
BURR, PEASE & KURTZ RE: DEBRA ROBINSON 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: DEBRA ROBINSON 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: JEFFEREY L. BURGESS 810 N. STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ, INC. ATTN: JOHN C. SIEMERS 810 N STREET, SUITE 300 ANCHORAGE, AK 99501
BURR, PEASE & KURTZ RE: COIL, INC. 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
LAB PROPERTIES, INC. A TTN: JOHN C. SIEMERS - WANDA M. BURGESS AVENUE SOUTHEAST 5919 77TH MERCER ISLAND, W A 98040
BURR, PEASE & KURTZ RE: JEFFEREY L. BURGESS 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: JASON AND JANET BURGESS 810 N. STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: JASON AND JANET BURGESS 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
GREGORY S. BURGESS ATTN: JOHN C SIEMERS 963 BANMOOR DRIVE TROY, MI 48084
MEDEMA PROPERTIES, LLC ATTN: JOHN C. SIEMERS - MAX MEDEMA 2800 KEMPTON HILLS DRIVE ANCHORAGE, AK 99516
AERA ENERGY LLC ATTN: J.C. BOYD CIO MA YER BROWN LLP STEVEN E. RICH, ESQ. 350 SOUTH GRAND AVENUE 25TH FLOOR LOS ANGELES, CA 90071-1503
BURR, PEASE & KURTZ RE: DEBRA ROBINSON 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
JOSEPH A RODIN SIMPLE IRA TD AMERITRADE INC CUSTODIAN 3705 SOUTH PACIFIC AVENUE SAN PEDRO, CA 90731-6938
BURR, PEASE & KURTZ RE: JOHN M. ROBINSON 810 N. STREET, SUITE 300 ANCHORAGE, AK 99501-3293
STOEL RIVES LLP CIO BRANDY A. SARGENT 900 SW FIFTH AVENUE SUITE 2600 PORTLAND, OR 97204-1268
SPC LLC CIO ERIK LEROY ATTN: K BATTLEY, MANAGING AGENT 500 L STREET, SUITE 302 ANCHORAGE, AK 99501-5910
THURMN
925 AURORA DRIVE FAIRBANKS, AK 99709-5506
RIM ALASKA ARCHIVES ATTN: JONATHAN C KAPLAN 1300 WEST 56TH AVENUE # 14 ANCHORAGE, AK 99518
DCFS TRUST TRUSTEE PAYMENT DEPT. P.O. BOX 9001897 LOUISVILLE, KY 40290-1897
BURR, PEASE & KURTZ RE: JASON AND JANET BURGESS 810 N. STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BALLARD SPAHR ANDREWS & INGERSOLL, LLP FLOOR 1735 MARKT STREET, 51ST PHILADELPHIA, PA 19103-7599
GREGORY S. BURGESS ATTN: JOHN C SIEMERS 963 BANMOOR DRIVE TROY, MI 48084
BURR, PEASE & KURTZ RE: JOHN M. ROBINSON 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
M ROSKELLEY & C ROSKELLEY TTEE ATTN: MILTON ROSKELLEY THE ROSKELLEY REVOCABLE TRUST
UI A DTD 05/03/2002
KIRKLAND, W A 98033
BURR, PEASE & KURTZ RE: JEFFEREY L. BURGESS 810 N. STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: GREGORY S. BURGESS 810 N STREET. SUITE 300 ANCHORAGE, AK 99501-3293
JASON AND JANET BURGESS ATTN: JOHN C. SIEMERS 3346 E. TONTO DRIVE PHOENIX, AZ 85044
AVENUE SOUTHEAST
BURR, PEASE & KURTZ RE: MEDEMA F AMIL Y TRUST 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: GREGORY S. BURGESS 810 N. STREET, SUITE 300 ANCHORAGE, AK 99501-3293
DEBRA ROBINSON ATTN: JOHN C. SIEMERS 9333 MEMORIAL DRIVE #201 HOUSTON, TX 77024
MEDEMA F AMIL Y TRUST ATTN: JOHN C. SIEMERS - MAX MEDEMA 2800 KEMPTON HILLS DRIVE ANCHORAGE, AK 99516
JOHN M. ROBINSON ATTN: JOHN C SIEMERS 9333 MEMORIAL DRIVE #201 HOUSTON, TX 77024
DEBRA ROBINSON ATTN: JOHN C SIEMERS 9333 MEMORIAL DRIVE #201 HOUSTON, TX 77024
JOHN M. ROBINSON ATTN: JOHN C SIEMERS 9333 MEMORIAL DRIVE #201 HOUSTON, TX 77024
VICTOR WYNDEN LTD. PARTNERSHIP CIO MR. VIC ROGERS PO BOX 26158 AUSTIN, TX 78755-0158
BURR, PEASE & KURTZ RE: GREGORY S. BURGESS 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
AFCO CREDIT CORPORATION RYAN ATTN: ERICA P.O. BOX 8440 KANSAS CITY, MO 64114-0440
BURR, PEASE & KURTZ RE: MEDEMA FAMILY TRUST 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
JOHN M. ROBINSON ATTN: JOHN C. SIEMERS 9333 MEMORIAL DRIVE #201 HOUSTON, TX 77024
KERN COUNTY TREASURER - TAX COLLECTOR ATTN: LINDA DELGADO P.O. BOX 579 BAKERSFIELD, CA 93302-0579
DEBRA ROBINSON ATTN: JOHN C. SIEMERS 9333 MEMORIAL DRIVE #201 HOUSTON, TX 77024
BURR, PEASE & KURTZ, INC. CIO JOHN C. SIEMERS 810 N STREET, SUITE 300 ANCHORAGE, AK 99501
WILLIAM D. RENFRO ESTATE 3940 ARCTIC BLVD, STE 103 ANCHORAGE, AK 99503
GREGORY S. BURGESS ATTN: JOHN C SIEMERS 963 BANMOOR DRIVE TROY, MI 48084
BURR, PEASE & KURTZ RE: LAB PROPERTIES, INC. 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: LAB PROPERTIES, INe. 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
MEDEMA F AMIL Y TRUST ATTN: JOHN C. SIEMERS - MAX MEDEMA 2800 KEMPTON HILLS DRIVE ANCHORAGE, AK 99516
JASON AND JANET BURGESS ATTN: JOHN C SIEMERS 3346 E. TONTO DRIVE PHOENIX, AZ 85044
BURR, PEASE & KURTZ RE: MEDIMA PROPERTIES, LLC 810 N. STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: MEDEMA FAMILY TRUST 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: JOHN M. ROBINSON 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ RE: MEDEMA PROPERTIES, LLC 810 N STREET, SUITE 300 ANCHORAGE, AK 99501-3293
BURR, PEASE & KURTZ, INC. ATTN: JOHN C. SIEMERS 810 N STREET, SUITE 300 ANCHORAGE, AK 99501
ENEA TEKNA INVESTMENTS T GAVORA ATTN: MATTHEW PO BOX 70021 FAIRBANKS, AK 99707
M JACQUES COTE 1402-350 CHEMIN STE FOY QUEBEC QC GIS 2J4 CANADA
ESTATE OF MARY H. HALE JAMES M. HALE, PERSONAL REPRESENTATIVE 3596 G 7/10 ROAD PALISADE, CO 81526
MRS BETH E HARVEY 1456 FULTON AVE WESTVANCOUVERBC, V7T IPI CANADA
M JENKINS CROMWELL CIO MARYLAND CAPITAL MGMT INC 800 NORTH CHARES STREET, SUITE 300 BALTIMORE, MD 21201
DR. BENJAMIN FISHER 58 KEDOSHA Y HASHOAH ST HERTZLIY A-PITUACH UNIT 105 46854 ISRAEL
JOSEPH RODIN
721 W. 31ST #1
02 - Hand Delivery
Houston, TX 77227-2003
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Brett D. Fallon, Esquire Douglas N. Candeub, Esquire Morris James LLP 500 Delaware Avenue, Suite 1500 Wilmington, DE 19899
Houston, TX 77227-2003
Attn: Certificate No. JHB2M080083 clo RK Harison Insurance Brokers Limited 52 Leadenhall Street London EC3A 2BJ England
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Document No. 159541
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