UNITED STATES BANKRlWTCY COlJRT

DISTRICT OF DELAWARE
Case No. 09-10790

In re: San Pedro Bay Pipeline COIl11anV

Debtor

Reponing Period: October 2009

MONTHLY OPERATING REPORT

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I declare under penalty of perjury (28 V,S.C. Section 1746) that this report and the attached documents
are true and correct to the best of my knowledge and belief.

Signature of

Debtor

Signature of Joint Debtor

Date

Date

December 2, 2009

Date

Wiliam F. Lyng
Printed Name of Authorized Individual

Group Controller

Title of Authorized Individual

. Autliol'ized individual must be an oficer, director or shareholder if debtor is a corporation; a panner if debior
is a partnership; a manager or member jf debtor is a limiied liabilty company.

MOR
(04107)

enS" No. 09-10790

In re: San Pedro Bav Pipeline Comp8nv

Debior

Reporting Period: Ocloher 2009

SCHEDULE OF CASH RECEIPS AND DISBURSEMENTS

TOTAL DlSBURSEll-1ENTS

::::::::i:~::!::~::~l::::::"~:~::::~i:i:::::
THE FOLLOWING SECTION MU&'T BE COMPLETED

. .-...,~"..: :;~:::~::'.:.:~.,;;: :; :;.. r:.:,:::..":.:::',: ;;,:(:::::.:~~:\'::: ~~~:';::':;:'::' ::::;', ;:.'.'!;::.~'.:;

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DiSBRSE..i1'ilAirG!s;;xRusiiiiiUARriRtVWS,,;:iFiM'iiRi:MoNmiicrli/Lli':;;~

'fOTAL DISBURILENTS

LPS,

TRANSFERS TO DEBTOR IN POSSESSION ACCOUNTS

PLUS: ESTATE DrSBURSEMEI\-lS MADE BY OUTSIDE SOURCES (i.e. frm e!i:';n1W Ilccounts)

TOTAL DISBURSEMENTS FOR CALCULATING U.S. TRUSTEE OUAJlTERLY FEES

$0.00
$0.00
$0.00

$0.00

FORM: MOR-1

("'10

Case No. 09-10790

In reo San Pedro Bav Pil:llirie COl1panv

Debror

ReDoriin~ Period: October 2009

BANK RECONCILIA nONS

CODtlnu"tioD Sheet for MOR-l

BANK BALANCE

(+) DEPOSITS IN TRANSIT (ATIACH LIS

(- OUTSTANDING CHECKS (ATIACH LfS1 ';c
-:~:
~:::
ADJUSTED BANK BALANCE"
. Adjuste bank balance must equal

The San Pedro Bay Pipeline Company does not maIntaIn any cash accounts.

balance per hooks

~;;
~

FORM MOR.l::
(04107)

No profesional fees were paid post-petition.

ifAti.~f~E~g~1~~lj~rh?~ :~~~JJ.mJfj~l$.~~~~~
*N.jll;QRt~l~ i!j!!1lta~'iil

Case No. 09-10790

Reoorting Period: October 2009

FORM MOR-Ill
(04/07)

I:;~:;::~~~:~;-

wl~~l&fNtfi~til~R~~~~~ii~~.w~; ii.ffjJi~~~~li*Hl,iffiqnl!~~ijrAI~m~~$~i~~

SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID

~li'j;ll'~Ii! ~~jllll,i11llJ

In re: San Pedro Bay Pipeline Company

Debtor

Case No. 09-10790

Reporting Period: October 2009

In re: San Pedro Bay Pipeline Company

Debtor

STATEMENT OF OPERA nONS

(Income Statement)

323,943
445,432

67.315
30,940
3,202

8.855

10,626
82,442
69,088
15,034

26,958

206.138

40

1.270

10.084

10.084

3,644
1,552

24,675
49,118

30,766

24.218

10.651
10.591

9.811

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...

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Accretion of discounts and amoitizaton of deferrd financin" costs

Interest eXDense- non-cash - paid ili kind

Stock comnensation expense
Interest and dividends

Imerest exnense- cash

Other revenue

1.721.450
.

198,125

General eXDloration expense

Loss from nonconsolidated subsidiar

ImDairment eXDense

229.571
(6.473)
......,......:.,;.
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Net Profit (Loss) Before Reorganization Items

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Realized imin/(Ioss) on derivatives

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REOR'GANI~irrONams.'fii~~"i''',2,."j.',?"ii?'~'il,.'!:i".'!""!i:
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Professional Fees
ReorQ:anizaton Interest

U.S. Trustee Quarterly Fees

Interest Earned on Accumulated Cash from Chanter 11
Gain (Loss) from Sale of Equipment
Other Reorganization Expenses (attach schedule)
Income taxes
Net Profit (Loss)

.
-

(6,473

229.571

FORM MOR-2
(04107)

Case No, 09-10790

Re.oorrin. Period: October 2009

In rc: San Pedro Bav Pioeline. Coiimanv

Debtor

BALANCE SHEET

139,527

270.438
409,965

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28,438

5.352,585
(860.885)
4.520.138

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Secured Debt
Priority Debt
Unsecared Debt
Intercon,oanv Payable.
TOTAL PRE-PETITON LIABILITIES

2,368,989
2,368.989

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1$

2.368.989 i

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1,000

8,3 14,252

(5,983.709)
229,571

roRM MOR.)
C047)

In re: San Pedro Bav Pipeline Company

Debtor

Case No. 09-10790

Reporting Period: October 2009

BALANCE SHEET - continuation sheet

Intercompany Receivable

270,38

270.438

Derivati ve Assets

Advances
Other Receivables
Total Other Current Assets

FORM MOR-3 CONTP

(04107)

Case No, 09-10790

Reporting Period: October 2009

In re: San Pedro Bav Pipeline Company

Debtor
STATUS OF POSTPETITION TAXES

Not Applicable

Withholding
Sales
Excise
Unem 10 ment

Not Applicable

Real Pro eft

Personal Properiy

Total Stale and Local

Total Taxes

SUMMARY OF UNAID POSTPETITION DEBTS

Not Applicable

FORM MOR-4
(04107)

In re: San Pedro Bay Pipeline Company

Debtor

Case No. 09-10790

Reporting Period: October 2009

ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

....-........ n. ~".. ...

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i~~fiji:R~tii~Aj)ili~.~ritii.llti:#Xtt~i;~ii'ilj~f.~~RJ!!;iN1;)~\ltii~gf;;J:~~%f.Mj~rtit&ii~:~!$i;1:)t~i;~:#~i;;jj~gfii~~~i;~tNilHilKiti;~ti:~;~t;:
......., ", ,n" ...._.. .....".....n....... ~..... . ....._....-. -..

Total Accounts Receivable at the beginning of the reporting period

+ Amounts biled during the period
- Amounts collected during the period
Total Accounts Receivable at the end of the reporting period

Not Applicable

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(AljjjtgRc.atle:~8gigt;;*Sf:'i;;~r'~;i'i,'4't1-~:iii'i;Wij!C)~!,\\~:W;i!f:':ijf";,.~!flt;:Ht;;(J.iji:?::j:~j,,0!!?;,:i~\~;,qifri;!~\,):I~jn.'iPit3~tl;Br;:0ii;j,)i0i!
.... _',,"'n ....-..... .~.....~.. ... '''~''I .--........~ ....

0 - 30 days old
31 - 60 days old
61 - 90 da vs old
91+ days old

Not Applicable

Total Accounts Receivable

Accounts Receivable (Net)

DEBTOR QUESTIONNAIRE
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I. Have any assets been sold or transferred outside the nonnl course of business
this reporting period? If yes, provide an explanation below.

No

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

No

3. Have all postpetition lax returs been timely fied? If no, provide an explanation

Yes

below.

4. Are workers compensation, gencralliability and other necessary insurance

Yes

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

5. Has any bank account been opened during the reporting 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 400l-3.

FORM MOR-5
(04107)