UNITED STATES BANKRuPTCY COURT

DISTRICT OF DELA WAR

In re: Pacific Energy Alaska Ooeratinl!. Inc.
Debtor

Case No. 09-10789

Reporting Period: March 2009

MONTHLY OPERATING REPORT

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::~-:~~=:~3

;~~-==-'==~J
MOR-4
MOR-4
MOR-S
MOR-S

I declare under penalty of peijur (28 V.S.C. Section i 746) that

are true and correct to the best of my knowledge and belief.

Signature of Debtor

N/A
N/A

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this report and the attached documents

Date

Date

t; 00Q

Date.. /

Sr iiP-rc f
Title of Authorized Individual

Authorize individual mus be an offcer. diretor or shareholder if deblor is D corporation; n parter if debtor
is D partership; D manager or member if debtor is a Iimiled liabilty company.

MOR
(04117)

Cas No. Jl

In rc: Pacific Enel1 Alaska Ooeriinl!. Inc.

Debtor

Reing Period: March 2009

SCHEDULE OF CASH RECEIPS AN DISBUREMENTS

LOANS AND ADVANCES

TRSFE

OT

593 040

5966

3011

599 006

3111

100

599 006

3111

.~~:7~?~.~~~~~.~~:".';::
TOTAL RECEIPT

596051

OPERTING EXPENSES

153 125

5966

100

1110

602 117

602 117

154 235

154 235

200 000

200 000

5966

5966

5423

5423

165624

165.624

TRNSFE TO LOKBOX

TRSFE TO ESCROW

200 000

TRNSFE TO PEAO

TRSFE TO OPERTIG
5966

DEBT REDUCTON

INRET PAYME
OTHR

5197

226

PLUS: ESTATE DISBURSEMEN MADE BY OUTSIDE SOURCES

TOTAL DISBURSEMENTS FOR CACULATING U.s. TRUSTE

Noie: Cosh reeiP15 and ilei15 shown abve reflea oci\ity frm ihe peition wile to Mii 3 i, 2009.

FOItM MOR.l
(GUm

In rc: Pacific Energy A Jaska Ooemtinf!. Inc.

Dcbtor

Case No. 09-10789

Reportng Period: March 2009

BANK RECONCILIATIONS
ContlnuaUoa Sheet for MOR-I

(54,091

l 250.000

250,000

555,530

2,692

FORM MOR.I.
(04107)

Case No. 09-10789

Reporting Period: March 2009

No profesional fees were paId post-petition.

FORM MOR-) b
(04107)

__
_ l-IjJUUJi ~.llLJt~JfftUi1Ill "" t.J2il. ~i":Wate~~
.. _" . P,a 'e.. P.efld . . .e.. ~.. esYQ !Ni BEfl lIF. ~ .~. ~H~ ~~_

SCHEDULE OF PROFESSIONAL FEES AN EXPENSES PAI

In re: Pacific Energy Alaska Ooerating. Inc.

Debtor

In re: Pacific Energ Alaska Operating, Inc.

Debtor

Case No. 09-10789

Reporting Period: March 2009

STATEMENT OF OPERATIONS
(Income Statement)

981.139
1.653,518
829,665
1.210.411
158.253
39.103
22,397
(3,568,259
281.41 i

981,139
1.653.518
829,665
1.210.41 I

158.253
39.103

22,397
(3,568,259
281.411
237
(83.642
82,953
595 96 i
1 498 894

cncs

5.758.269
costs

$
Note: The incomc statements above reflect Uie Company's activity for Uie entire month of

March.

FORM MOR.2
(04107)

In re: Pncific Enem Ai..,kn Oneraiina. Inc.

Debior

Case No. Jl
Reporting Penod: March 2009

BALANCE SHEET

s
s

1,813.781
14.291.339

448.559,182
21,940.721
925.535
84,061
19.246

, , , ',,/; '-.....':b~~ t'~"'~\iz\''. " r.,,~~'m--Y'._~

,f.~: Ii l:.N1 'll~ =- l l I" I " ~~~..__i._",_~'~,:_;.~'_d

.' ,': "";": ""'~;;'~::.","i~",:' c' ,1 j . l \' ~ '( \ \," It' . ,~~''Jl\.!i/Ji,1'~ux. .j

~,. ! "t" tii: 'i:ti", ,,'.i W.iiI~ /L~:;,.'(~ .J.\!J.t;"t_~~t~.x:j ~,' ,.'" . .', \ , \!!J.~~P___,~..~~l~l~gl~l~,,f..~.X:;

2.155,233

98,446.809
11.930.919

iillD

~~~~..~

., t'~.' " ~~~,..---,.

s

11.532.961

321,986.214

64.701.640

118,64.018
S

505.331.872

617.864.833

Ius

15.877.957

(280,055.103
(24.731.583

FORM MOil.)
(IHlll)

Case No, 09-10789

Reporting Period: March 2009

In re: Pacific Energy Alaska Operating. Inc.

Debtor

BALANCE SHEET - continuation sheet

; j.~~
::;'~
;.; h~.~
'":/:~:'it?:,':::':.~:~~.jt~i~~1l~~~llil~t:~~0:,~1?
.;:,~.t'~:';;r4f"~:;;~~l:,t/r:~~~g~~,:~/~~~~~~
'" ","
~',;.
. ~'.""1'1~.5""bc",t~~~~"
;~,..~'1''''' .\,~,'t" "~J'l~~-4~1t;"",~"1':\~-;.:t)~1
';,"..L/.,..~~~.w~~"'f,
' f" Giii, -I t h~ ~ : y _ ';.'~.~ ~:.\Ei~i:=:t'31~:t7~k';:!ifr:s:'~ ~.'\":it~+;l: r.,. :~~~ :),,~ - ";~~,~,:~..t~~I!f,t;ii;~~);~r;~ ;;, ~~'R:J~.,;.~~;~ ': ,:;:~. 'tt.~:~',~ ,$ ~"~f .1.~ , , ~ '_t'1;.~.~' ,~: . .t;

Intercomoanv Receivables
Derivative Assets
Advances

5.996
-

Other Receivables

Total Other Current Assets

1.807.785
1.813.781

Performce Bonds

Investments- Abandoiuent
Total Olher Assets

1,315,408

6,36,264
$

7.751.672

FORM MOR.3 CONrD

(04/07)

In re: Pacific Energy Alaska Operting. Inc.

Debtor

Case No, 09-10789

Reporting Perod: MaTch 2009

STATUS OF POSTPETITION TAXS

,;:::~"'?:'t :,~':~;.;. ~~i::.f:~;:;:1~~~:;p~~f!:~~.\,;':'~~;: :,.' :;';':", ":l":~fN:;~i;';'::"~';'\, "/;:;;?~:":~

~~i;
'I, ,~," .'~A~ :_t..., "...,. '~'Jt~.( ", .~; ~i.'~, ~''' '~,;""",:,1'-:"..- . a~mi - .tu" \.

l~':~f.~" :, .,',:i;. :;:'~'::;~~;J,~a,:J??rt~,~;,;~~~.A::.2'J~;~t~:j,',.', ;!~ J:"r.~f~~;,:.:,::'"f!~',:~

Withholdin

FlCA-Emplovc
FlCA-Emplover
Unemplovment
Income

Tolli Fedcnl Taxes

islWd.
Wilboldinl!

Real Proocr
Pernal Prooerv

Tolar Slate and Local

Sales
Excise
Unemplovment

Total Taxes

742
61,546
62 288
62 288

742

61546
62 288
62 288

SUMARY OF UNPAID POSTPETITION DEBTS

"'~I"~t,,~,,:
':. ",,','I ~~
.;.,',.'c,';.,,,.,,"
'!"J.j~;:;,,,:..t"'''J_~'.'''\'
''',C",.:
'; ~~ L~ '
'~~'+4'tt
,~~'.l--"'tl'~'.;"(,,,ri
'.(~,~
"~"~).d."','.\
,1;.:\,,,"'J;::\l,':)Oill"'l~':"\"~1
Accounls Pawble

Non-Opemted Accruals
Accred Rowltics

Accred ORRs
Accred ODemlinl! Eimenscs
Total Postitltlon Debts

913 744
867 639

120866
160,085
92 899

2155 "33

913 744
867 639
120 866
160 085

92,899
2 155233

FORM MOR-l
(04107)

PACIFIC ENERGY ALASKA OPERATION LLC

BANK RECONCILIATION - GL #.

First National Bank Alaska 80.~ 'eiiormance donds

March :S1, .;uu::

6,236,871.s;

,.

Beginning GL Balance
Electronic transfers In
Dividend earned

200,000.00 /'

1,129.55,

O.OO/,

Electronic transfers out

Bank fee

(1.737.94)

Ending GL Balance

6,436,263.54 /'

Balance Per Bank

6,436,263.54

Add Outstanding Deposits

Less Outstanding Checks

/'

0.00
0.00

Reconciled Bank Balance

6,436,263.54
0.00

Prepared by:

First

1~V~

Approval: N ~ ~

Second Approval: ' 0

Date:

Date:

Date:

I:\PEAO Reconcilalions\PEAO 1601-011-2009_moved 11-084/11/200910:56 PM

4- /t /O~

rf~/

t/

PACIFIC ENERGY ALASKA OPERATION LLC

BANK RECONCILIATION. GL #1001.010

Wells Fargo 688-5 JeTiting Account

Mn.... 0.1, "",)9

9.850.79

Beginning GL Balance

/'

7.037.65 -:
594,367.98
0.00
601,405.63

Deposit
Electronic transfers in
Interest earned
Su bIotal

Checks - computer

/'

(155,259.65) /'

75.911.61

Wire AP checks
USF Checks
Electronic transfers out

0.00 ,.
(281.908.38)

(205,996.n)
0.00

Bank fee

Outstanding checks as of 12/31/08

250,000.00 /"

Ending GL Balance

Balance Per Bank

304,091.36/'

Add Outstanding Deposits

Less Outstanding Checks

(54;091.36)/

250.000.00/

Reconciled Bank Balance

0.00

Prepared by:

First Approval:

I~~

Dale:

)2 tr

Date:

Date:

Second Approval:

F:\PEAO Reconciliations\PEAO 1001-010-20094/2/200911 :52 PM

1

4 /c /01

t/4~t

PACIFIC ENERGY ALASKA OPERATION LLC

BANK RECONCILIATION - GL #
Wells Fargo 688.1 Lockbox Account
Marcn ;si, 2009

250,000,OO/'

Beginning GL Balance
Electronic transfers in
Dividend earned

5,996,77

Electronic transfers out

Bank fee

/'

(5,996.77) /

0,00

Ending GL Balance

Balance Per Bank

/'
250,000,00

250,000.00

Add Outstanding Deposits

Less Outstanding Checks

0.00
0.00

Reconciled Bank Balance

250,000.00
0,00

I~ V"'

Date:

First Approval: t.. 9&

Date:

Second Approval:

Date:

Prepared by:

4/I/D~

~f~!

I:\PEAO Reconcilations\PEAO 1001-020-20094/11/20099:46 PM

0309
PACIFIC ENERGY ALASKA OPERATION LLC
BANK RECONCILIATION - GL # 1001 -

Perfonnance Bonds. Account 80as of March 31, 2009

0.00 /

Beginning GL Balance

555,656,13,.
0.00

Electronic transfers in
Dividend earned

100.64 ..

O.OO/,

Electronic transfers out

Bank fee

(226.88)

Ending GL Balance

555,529.89 '/

555,529.89 /

Balance Per Banks

0.00
0.00

Add Outstanding Deposits

Less Outstanding Checks

Reconciled Bank Balance

555,529,89 /

0.00

P,epacedby' i~ ~R-

Date:

First Approval: ?- ~ ~_

Date:

SeroodAppmv.', " 0

Date:

A-/i/oq
t' f0;r

E:\PEAO Reconciliations\PEAO 1001-042 from 1601-01 O-March 2009 1 sl National Bank Alaska - West FOfeland #2
Invested Escrow.xls4/16/20091

0:07 AM

PACIFIC ENERGY ALASKA OPERATION LLC

BANK RECONCILIATION ~ GL #
Wells Fargo 375-: Pett Cash Account in Alaska

March 31, 2009

Note: Wells Fargo Bank statement ends in mid-month

I~ 1"-

Prepared by:

First Approval:

tJ.72s

Second Approval:

Date:

Date:

4/n/oq

~;7

Date:

I:\PEAO Reconciliations\PEAO 1001-060-20094/11/20099:56 PM

Outstanding Checks

0.00

OIS Checks Balance

Prepared by:

Date:

First Approval:

Date:

Second Approval:

Date:

I:\PEAO Reconcilations\PEAO 1001-060-20094/11/20099:56 PM

PACIFIC ENERGY ALASKA OPERATION LLC

BANK RECONCILIATION - GL #
Wells Fargo 375. Petty Cash Account in Alaska

February 28, 2009

4,054.68

Beginning GL Balance

Deposit
Subtotal

0.00
0.00
0.00
0.00

Electronic transfers out

0,00

Manual Check # 1049

(250,OO(

Electronic transfers in
Dividend earned

0.00

Paid by Phone - US Postal (CMRS-FP)

Bank fee
Bank fee

0,00 ./

(2,00)/

Subtotal

(252,00)

GL Balance as of 12/31/08

4,052,68

Balance Per Bank

Add Outstanding Checks

,/

3,802,68

0,00
3,802.68 /'

Reconciled Bank Balance

0.00

Note: Wells Fargo Bank statement ends in mid-month

Date:

5/5/0cr

FirstApproval: ...7 t6

Date:

31l';, I.t

Second Approval:

Date:

--~ V~

(250.00) ./

Less Outstanding Checks

Prepared by:

/'

Y:\LFerm\My Documents\PEAO\Reconciliations\PEAO 1 001-060-2009.xls3/11f20093:44 PM

PACIFIC ENERGY ALASKA OPERATION LLC

BANK RECONCILIATION - GL .
Wells Fargo 375. Pett Cash Account in Alaska

February 28, 2009

4,054.68

Beginning GL Balance

0,00
0.00
0,00
0.00

Electronic transfers in
Dividend earned

Deposit
Subtotal

0.00
(250.00)
0,00
0.00
(2,00)
(252,00)

Electronic transfers out

Manual Check # 1049

Paid by Phone - US Postal (CMRS-FP)

Bank fee
Bank fee

Subtotal

3,802,68

GL Balance as of 12/31/08

4,052.68

Balance Per Bank

Add Outstanding Checks

Less Outstanding Checks

(250,00)
0.00

3,802,68

Reconciled Bank Balance

0.00

Note: Wells Fargo Bank statement ends in mid-month

Prepared by:

Date:

First Approval:

Date:

Second Approval:

Date:

I:\PEAO Reconcilations\PEAO 1001-060-20094/11/20099:57 PM

0309
PACIFIC ENERGY ALASKA OPERATION LLC
BANK RECONCILIATION - GL #

Performance Bonds
as of March 31, 2009

1,870,664,13/

Beginning GL Balance
Electronic transfers in
Dividend earned

Electronic transfers out

Move FNBA Account 801
Bank fee

0.00
0.00

0,00

(555,656,13)/

to GL 1

0.00

Ending GL Balance

1,315,008,00

/'

Balance Per Banks

U.S. Bureau of Land Management

25,008.00 //

Department of Natural Resources, Div of Oil & Gas - Blanket Bond (AK)
Irrevocable Letter of Credit Standby Agreement
Performance Bond - Redoubt Unit-Abandonment Fund

600,000,00

490,000,00""..
200,000.00 (

Add Outstanding Deposits

Less Outstanding Checks

0,00
0,00

Reconciled Bank Balance

1,315,008,00
0.00

(!

-i~ v~

Prepared by: \ K.

Date:

First Approval: $ ~..

Date:

Second Approval: UO

Date:

4~( /09
1l5~/

I:\PEAO Reconcilations\PEAO 1601-010-2009 1 st National Bank Alaska - West Foreland #2 Invested

Escrow4/11/200910:24 PM
1