UNITED STATES BANKRlJPTCY COURT

DISTRICT OF DELA W ARE

In re: Pacific Energy Alaska Oneratinii. LLC.

Debtor

Case No. 09-10789

Reporting Period: August 2009

MONTHLY OPERATING REPORT

)eriod

r declare under penalty of perjur (28 U.S.C. Section 1746) that this report and the attached documents
are true and correct to the best of my knowJedge and belief.

Signature of Debtor

Date

Date

September 30,2009
Date

William F. Lynl!
Printed Name of Authorized Individual

Group Controller

Title of Auihorized Individual

"Authorized individual musi be au officer. diretor or sharholder if debtor is a corporation; a pl\er if debior
is a partnersip; a managor or member if debtor is a limiied liabiliy company.

MOR
(04107)

PACIFiC ENERGV

September 30, 2009

Office of the United States Trustee

Subject: Attestation of ReQard Postpetition Taxes

The debtor, Pacific Enerov Alaska OperatinQ, LlC., hereby submits this attestation regarding
pospetition taxes.

All post petition taxes for the debtor, which are not subject to dispute or reconciliation, are current.
There are no material tax disputes or reconciliations.

Sworn to and Subscribed

before me on this 30th
day of September, 2009.

- .-.- .-.-~
GAIL ROPP 1
COMMISSION # 1757533 ri
Notary Public. CamOfnia ~
LOS ANGELES COUNTY ~
My Co",. Exp. es July 16. 2011

Notary
My Commission Expires:

7- /& -II

Pacific Energy Resources Ltd, 111 West Ocean Blvd., Suite 1240 Long Beach, CA 90802, Ph: 562-628-1526 Fax: 562-628-1536

.PACIFIC ENERGY

September 30, 2009

Office of the United States Trustee

Subject: Attestation Reoard Bank Account Reconciliations

The debtor, Pacific Enerqv Alaska Operatinq, LLC., hereby submits this attestation regarding
bank account reconcilations in lieu of providing copies of bank statements and copies of all account
recon c i liations.

The debtor has, on a timely basis, performed aU bank account reconciliation in the ordinary
course of its business. Copies of bank account statements and reconciliations are available for
inspection upon request by the United States Trustee's Office.

Name:
Position:
Sworn to and Subscribed
before me on this 30th
day of September, 2009.

- - .- .. .- -- ..
GAil ROPP 1
COMMISSION 1# 1757533 ()

Noar Pibii . CaJiornia ~

iOS ANGELES COUNTY ..
My Comm. Expis Juiy 16, 2011

My Commission Expires:

7-/6-11

Pacific Energy Resources Ltd, 111 West Ocean Blvd., Suite 1240 Long Beach, CA 90802, Ph: 562-628-1526 Fax: 562-628-1536

In re: Pacific Eiierev Alaska OoerarinO' LLC.

Ca"- No. 09- 10789

Debtor

Re.norrn! Period: AUi!nsT 200

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS

OPEATIG EXSES

306.251

, ,90,743

274

TRANSFE TO LOCOX

MOl

TRANSFES TO ESCOW

, 89,960

TRANSFERS TO PEAO

11

TRANSFER TO OPERATING

150,000

DEBT RBD\!ON

1 35,012

INRE PAYMENTS

III

ri~~s~~iif~ti~;'i~'bxiiRy.,~;fjf;b~!jihi;~S;~~t~'jt~t~&~;f:;\?C~~l::;;;;'.......
TOTAL DISBURSEMENTS

LESS: TRANSFERS TO DEBTOR IN POSSESSION ACCOUNS

PLUS: ESATE D1SBURSFMlNTS MADE BY OUTSIDE SOURCES (i.e. from

'. ':.,....:;..~..";.,;.:..;.~:..::. c......... ... '. .. .~.

;~;:;;L~;~~ :~,;:\'~::~.i.~\ ;;1'; ~tf~'.~::,~ .:::"..~~:!~l~:;;~:\r

30.761

5.326,815
12.055,972

"mow ""ouIiI,)

TOTAL DISBURSEMENTS FOR CALCULATING U.s, TRUSTEE OUARTILY FEES

30 761

3,269.842

FORM MOR.t
lo.l07)

In re: Pacific Enere. Ai:i~ka Operating, LLC.

Case No. 09-10789

Debior

Reportng Period: August 2009

BANK RECONClLIATIONS
Contiouation Sheet for MOR-l

BANK BALCE
t'..

.;:.
(+) DEPSIT IN TRANSIT (A ITACH Usn
",'
H OUTSTANDING CHECKS (A ITACH us "
OTHER (AITACH EXPLANATIOX)
&.

ADJUSTE BANK BALCE .

, Adju.led bank baliie must equal

'Ji
=t

(20,101)

249,999.96

(296) (20.397)

249,898

5,523,301

552,197

1,139 6,576,535

balance per books

FOM MOR.h
(0007)

~Tt~'~~1;4f~i~~~1KliWJg~.~~ ~fr~f~~J~%jit~1z%J~'~'~r;~i~ ~~'~~ltrin1(~lg~:.:

:;i/*,t"::;'::-'llI~\~l~I.r\'ft~:~~"J~
i~I~~~i~':, .:.:a. " ' ?~.~!r~~l,_'~i::\l~iH't'li'~';"&1,tt..~:~
'~l~'1i~i1;~
~,.e.a ~~.Q. ,eJJ.i ~'"E,..,
' ',L, 'j~.,~".,

No profesional fees were paid post-petition.

&!l:'~ri:i~~_~
liim'~"',
.. ~,)im~r
I~,'E''
~.
.w,.,.'.."...S,,(.,. 'l1,Jt
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/1 "~' ~ "t~~.1(~';~''~
'. -. i'"_,.....
't,:!t'~";,..tjl;!!,~~'"'~..~o/'l.~
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: ,.., II ~-,I;.').,,"".~
. ~.,.t:.;
.., s ~=
.,Il,$t"i' .

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

In re: Pacific Energy Alaska Operating. LLC.

Debtor

"~'F~~'~k:es~,.. \' ~ ....:l~~ . . '. .ok fi~,

(04107)

FORM MOR-Il,

~~.!~-, ..... ..~ ,...t, ,l),", ..._~ .,"' ;.,~,

t,~~~~f_

ReDOrting Period: August 2009

Case No. 09-10789

In re: Pacific Energy Alaska Operatin. LLC.

Case No, 09- J 0789

Debtor

Reporting Period: Au!!Ust 2009

STA TEMENT OF OPERATIONS

(Income Statement)

255.852
J .091 ,638

559,992
1.129.164
113.837
101,967
8,695
2,795.658
245.394
124

318.897
87,514
285,286
915,136
....

n-

O _,. ~..-...-.-,.........'... ."_.~....'-,., ,', ---....~.-.........,~...-. .....~ ,",

. . ....... '~',.. ....._,.,..."".- .-......"-."

Accretion of discunts and airuzaiion of defered financinl( costs

Interest exoense- non-cash - Daid in kind

Stock comoensation eXDense

Interest and dividends

Realize !!aiii(loss) on derivatives

4,856

40,297

Interest expense- cash

(208,776)

Other revenue

General eXDloration expense

(70)

Loss from nonconsolidated subsidiar

Imairment emense

3.080,044
7.003,329
2,439,480
5.774,552
8 19,534

311,4J4
99,222
(4.010,581)
1.640.947
1.604
J.197,301
518,795
2.673,330
(85.144)
..-.... '- ...._,....

....~ ..

(806,714)
.
340.679
(91.932)
8.271.300
-

(1.014)
-

(466.818)
(2.170.400)

(4,831,755)
Net Profit (Loss) Before Reor!!anization Items
(2,411.819)
~. ,....-~,.',oI..::t. -:-;-" '",..~'- ;.~,...._....
~,... ':"
'~"..
"",:':";'~ .~,..;...,. .";;,.."'-":::~~,;.y...'._";~.. ,.:-:.,...,'";,. ~-'.;"." ";"''''.,' '."_.. .''-:-:;
_~'""".-:,.....
.;....:..;..:...,:.:.!...~.:;:..;..,.'.::.'n.,.....7...;:,..._.':'.''''::

.. .',." =,__:'. , . ,~,::..,'~~" ':0'

:Ra~~'n"NFMSJij'"0".;,::~,,';""i:,.;,-1Jr::~,.,";.:E!4,.,',"~.';;)',.):5,::"'):i'!":':"'~"";;$.:;');.'1,;:,,".,".'o,;,.\''!.;,\:";fri,X-"ir;,~,;.Jo"',,.~";,','""'1).)(":;ii.~;.:'.:":..:),';;.'

Professional Fe
Net Prfit (Loss)

(2.170.400) $

(2,4 i 1,819)

Note: The cummulative income statements above reflect the Company's activity for the entire month of March.

FORM MOR-2
(04107)

In reo Pacific Ener., Alask" Doer'tine. LlC'.

Debwr

Ca.", No. 09.10789

Reportino Period: Auini.i 2009

BALANCE SHEET

101,106,417
12,419,446

56,598.64
119,951.461
$

498.536.314

r;~Fi81j~~"l~~~~:l~~~hS:t.:~:;;~_t:_~~:;rtr~;.~t~w,:~;:i;~M~:PA~~:i?'~,9~~:r:~;h~~'1~~,1.~
.~i.~;,'~,:h.\~i~;~.~:;,~~?-rk~~~A:Yih'fi/!'''/'':'''!/''!,i,i':..:;;.::1:,~:;"c:'
:.:)~:~~r+.'-~~,.
;;;;'i):D/\/;Af;.i(:':"i:i:~.:~~it;~0'i:~~1

13.799,221

(305.151.270)
(2,411,819)

fORM MOR-)

lo.)

Tn re: Pacific Energy Alaska Ooeraiing. LLC.

Case No. 09-10789

Debtor

Reponing Period: August 2009

BALANCE SHEET - continuation sheet

$
Perormance Bonds

Investments-Abandonment
Total Other Assets

306,407
3,129,636
4,788,085

i,3 i 5,408

6,630,921
7,946,329

FORM MOR.3 CONT'D

(()/i7i

In re: Pacific Energy Alaska Operatiiig, LLC.

Case No, 09-10789

Reporting Period: August 2009

Debtor
STATUS OF POSTPETITION TAXES

SUMMARY OF UNAID POSTPETITION DEBTS

5.216
1,036
1,191
4.400.4 17

99.245
950
3,266
4.963,986

FORM MOR-4
(04107)

In re: Pacific Energv Alaska Operating. LLC.

Debtor

Case No. 09-10789

Reporting Period: August 2009

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

o - 30 days old
31 - 60 da sold
61 - 90 da sold
91+ days old

6,278,145

Total Accounts Receivable

6,278,145

Amount considered uncollectible (Bad Debt)

Accounts Receivable (Net)

6,278,145

DEBTOR QUESTIONNAIRE

1. Have any assets been sold or transferred outside the normal course of business

No

this reportng perod? If yes, provide an explanation below.

2. Have any funds been disburd from any account other than a debtor in possession
account this reporting period? If yes, provide an explanation below.

No

3. Have all postpetition tax retus been timely fied? If no, provide an expJanation

Yes

below.
4. Are workers compensation, general

liabilty and other necessary insurance

Yes

coverages in effect? If no, provide an explanation below.

5. Has any bank account been opened during the reportng period? If yes. provide

No

documentation identifying the opened account(s). If an investment account has been opened
provide the required documentation pursuant to the Delaware Local Rule 4001 -3,

FORM MOR-5

(0417)