Professional Documents
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Reporting: Debtor
Reporting: Debtor
Debtor
CaseNo. 09-10785
Reporting Period: August 2010
E111E1I bbCUMrJ~ Schedule of Cash Receipts and Disbursements Bank Reconciliation (or copies of debtois bank recoticilia lions) Schedule of Professional Fees Paid Copies of bank statements Cash disbursements journals Statement of Operations Balance Sheet Status ofPostpetition Taxes Copies of IRS Form 6123 or payment receipt Copies of tax returns filed during reporting period Summary of Unpaid Postpetition Debts Listing of aged accounts payable Accounts Receivable Reconciliation and Aging Debtor Questionnaire
Ir MOR-1 OR-la OR-lb I N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
I declare under penalty of perjury (28 U.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
Date
Date
September 28,2010
SeofAuted Individual*
Date
Jennifer
Kuiit
Treasurer
Printed Name
of Authorized Individual
*Authorized individual must be an officer, director or shareholder if debtor is a corporation, a partner if debtor is a parinembip; a nianageror member if debtor is a limited liability company.
MOR (04/0?)
_10,255 10.255
.................................................
,J,...._,,._
______ _._
777777-
..
TOTAL DISBURSEMENTS
218,308
BANK BALANCE (*)DEPOSITS IN TRANSrr (-) OUTSTA}IdG CHECKS JNIDENTIFD RECONCILING ITEM
ADJUSTED BANK BALANCE
4,572,377
259
267
111.308
1,403,951
1.144
6,099,307
4,572,377
.
259 (0)
267
(9)
111,308 0
1.403,951
-
1,144
-
6,089,307
-
MOR. I, (0407)
PACIFIC ENERGY
Subject: Attestation Regard Bank Account Reconciliations The debtor, Pacific Energy Resources Ltd., hereby submits this attestation regarding bank account reconciliations in lieu of providing copies of bank statements and copies of all account reconciliations. The debtor has, on a timely basis, performed all 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 Trustees Office.
State of California County of Los Angeles ..Subscribed and sworn to (or affirmed) before me on this 28th day of September, 2010 by
.7E1IJIF)Q RL72 ,proved to me on the basis of satisfactory evidence to be the person(a) who
iep7eJ
L!
Pacific Energy Resources Ltd, 111 West Ocean Blvd., Suite 1240 Long Beach, CA 90802, Ph: 562-628-1626 Fax: 582-628-1536
MOO
Andrews Kurth LLP Archon Group Ashby & Geddes Bingham McCutchen LLP Birch, Horton, Bittner and Cherot Budget Printing Deloitte Devlin Jensen ERM-West Hartig Rhodes Haynes & Boone Jensen Lunrty Lazard Loeb & Loeb Margaret M. Otico - Notary Public Merrill Millstream Omni Management Group Pachuiski Pepper Hamilton Reed W. Ferril Rutan Schully Skadden, Arps, Slate Stepoe & Johnson Feb-10 May-09 Nov-09 Oct-09 Dec-09 Mar-09 Jun-Aug09 Mar-Apr-09 May-09 Nov-09 Dec-09 Oct-DecO9, Feb Sept-Dec-09 Sep- Dec 2009 May-09 Dec-09 Dec-09 Jul-10 May-10 Jun-10 Aug-09 y-10 April-May-10 Nov-Dec-09 May-10 23,892
am"M ROOM
FE"EMORRIN MV
PER PER PER PER PER PER PER PER PER PER PER PER PER PER PER PER 20,550 10,884 52,749 6,640 PER PER PER 10565 10555 10550 10566 10551 08/25/10 08111110 08/05/10 08/25110 08/05/10 20,550 4,841 45,359 6,155 2,488 10562 08/25110 19,615 4,277 202,146 2,500 54,686 981,341 72,464 10 428
,
12,408 16,151
20,987
Case No. 09-10785 Reporting Period: August 2010 SCHEDULE OF PROFESSIONAL FEES AND EXPENSES PAID
Stokes & Spiehier Tetra Tech US Trustee Warren H Smith Zolfo Cooper
Total paid
$120,957.82
$18,195.88
$12,725,653.43
$825,457.78
65,984,197 (20,320,358) 45,663,839 5,071,659 4,943,324 3,514,277 3,319,812 1,989,526 1,201,633 51,656 117,664 225,060 11,412 22,010 156,136 37,401 8,914,004 6,987,767 9,100,497
Repairs and maintenance Salaries/commissions/fees Transportation expense Utilities Insurance Employee benefit programs Taxes - production Gravity adjustment Rent and lease expense Travel and entertainment Supplies Management fees/bonuses Taxes - payroll General and administrative Depreciation, depletion and amortization Net Profit (Loss) Before Other Income & Expenses
166,327
-
(166,327)
-
s-
- ,
-
Interest expense cash Interest expense - noncash Stock compensation expense Accretion of discounts and amortization of deferred financing costs Realized gain/(loss) on derivatives Interest income Other revenue General exploration expense Wind down finding Gain on Beta sale Debt forgiveness Loss from nonconsolidated subsidiary Gain/loss on settlement of claims Net Profit (Loss) Before Reorganization Items &, LProfessional Fees Income taxes Net Profit (Loss)
(4,983,624) (16,072,916)
(4,947,575) (1,408,502)
528
-
10
-
(165,789)1
":f
2,928,633 719,793 (12,480) 22,177 2,708,881 138,192,794 98,049,077 457,176 9,584 224,763,513 14,140,202 5,803 210,617,509
-
$
4,800 (170,589)1 $
Note: The cumulative income statement above includes the Companys activity for the entire month of March 2009. The Company filed for Chapter II protection on March 9, 2009.
I
Ilnrcstricted Cash and Equivalents Restricted Cash and Cash Equivalents Accounts Receivable (Net) Inventories Prepaid Expenses Professional Retainers Other Current Assets (See Attached Schedule) TOTAL CURRENT ASSETS
$
OPYDTJJRNT
s-
, t
5i
Proved Properties Including Lease and Well Equipment In Process Development Unproved Properties Office Equipment and Software Vehicles Other Equipment and Leasehold Improvements Less Accumulated Depreciation TOTAL PROPERTY Sc EQUIPMENT Other Assets (See Attached Schedule) 55. J5
S
S
I(
68,243,089
Ct er3 51e.y
,thk
7 f;
rmpmml
Accounts Payable and Accrued Liabilities Taxes Payable Wages Payable Notes Payable - Debtor-in-possession financing Payable to Rise Energy/Silverpoint Secured Debt / Adequate Protection Payments rofssionsl Fees Intercompany Payables Asset Retirement Obligations ccrucd Interest icr Liabilities TOTAL POSTPETITION LIABILITIES
Ai
873,405
-
(114,302)
-
35,439.426
-
987,538 37,186,066
Secured Debt I Priorit y Debt Unsecured Debt Intercompany Payables TOTAL PRE-PETITION LIABILITIES TOTAL LIABILITIES
S
-
$ $
.J JO
O)NRR RiYJir1
Share Capital Contributed Surplus arrants Additional Paid In Capital Accumulated Other Comprehensive Loss ailners Capital Account Owners Equity Account Retained Earnings - Pre-Petition Retained Earnings -Poslpelilion Adjustment to owner Equity (attach schedule) Pestpeilion Contributions (Distributions (Draws) (attach schedule) NET SHAREHOLDERS EQUITY
(137,165,608) 210.618,260
$ -
370,239,873 5iS9890(
t:
IfM
-r-
Intercompany Receivables Derivative Assets Advances Other Receivables Total Other Current Assets Perfonnance Bonds InvesLments-Abandonment Inveatments-CAC Investments-San Pedro Investments-PEAl-I Total Other Assets
1fum ti
ei
401
432,170,413
$ $
522,878 432,693,291
-
Case No. 09-10785 Reporting Period: August 2010 STATUS OF POSTPETITION TAXES
PICA-Employee RCA-Employer Unemployment Income Total Federal Taxes Wilhholding Sales Excise Unemployment Franchise Taxes Personal Properly Total Slate and Local Total Taxes
--
.:
3_
-
rnither of 1aVa-oth
vnw1laf.
Accounts Payable Accrued Royallies Accrued Operating Expenses Accrued OR.RJs Total Postpetition Debts
173,610 1
-
44,367 1
-
283,874 1
-
501,852 371,554
154,036
-
112,429
-
100,186
-
4,903
-
154,036
286,040
144,553
288,776
873,405
PACIFIC ENERGY
Subject: Attestation of Regard Postetition Taxes The debtor, Pacific Energy Resources Ltd., hereby submits this attestation regarding postpetition taxes.
All postpetition taxes for the debtor, which are not subject to dispute or reconciliation, are current. There are no material tax disputes or reconciliations.
JeKurirs urer
State of California County of Los Angeles Subscribed and sworn to (or affirmed) before me on this 28th day of September, 2010 by
ft5A/AI/FEfl /ciif172, proved tome on the basis of satisfactory evidence to be the person(4) who
/10
p
My commission expires
GAIL ROPP COMMISSION # 1757533 Notary Public- California LOS ANGELES COUNTY My Conm. Expires July 16.2011_F
Pacific Energy Resources Ltd, 111 West Ocean Blvd., Suite 1240 Long Beach, CA 90802, Ph: 562-628-1526 Fax: 562-628-1536
0-3o days old 3l-60 d a ys old 61 -90 days old 91+ days old Total Accounts Receivable Amount considered uncoflectible (Bad Debt) Accounts Receivable (Net)
DEBTOR QUESTIONNAIRE
1. Have any assets been sold or transferred outside the normal course of business this reporting period? If yes, provide an explanation below.
No
No Yes Yes
No
In re:
)
)
AFFIDAVIT OF SERVICE Linda M. Ellis, being duly sworn according to law, deposes and says that she is employed by the law firm of Pachuiski Stang Ziehl & Jones LLP, attorneys for the Debtors in the above-captioned action, and that on the 29 th day of September, 2010 she caused a copy of the following document(s) to be served upon the parties on the attached service lists in the manner indicated: August Operating Report for Pacific Energy Resources, Ltd.
ac
V
Ellis
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 I.D. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); Cameros Energy, Inc. (9487); and Gotland Oil, Inc. (5463). The mailing address for all of the Debtors is Ill W. Ocean Boulevard, Suite 1240, Long Beach, CA 90802.
Pacific Energy Resources Ltd. Core Service List Case No. 09-10785 Document No. 146442 05 - Hand Delivery 05 - First Class Mail
Hand Delivery (United States Attorney) Ellen W. Slights, Esq. United States Attorneys Office District of Delaware 1007 N. Orange Street, Suite 700 Wilmington, DE 19801
Counsel for Debtors) Laura Davis Jones, Esquire James E. ONeill, Esquire Kathleen P. Makowski, Esquire Pachulski Stang Ziehl & Jones LLP 919 North Market Street, 17th Floor P.O. Box 8705 Wilmington, DE 19899-8705 Interoffice 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., 1 1th Floor Los Angeles, CA 90067 Hand Delivery (United States Trustee) Joseph McMahon, Esquire Office of the United States Trustee J. Caleb Boggs Federal Building 844 North King Street, Suite 2207 Lockbox 35 Wilmington, DE 19801 Hand Delivery (Copy Service) Parcels, Inc. Vito I. DiMaio 230 N. Market Street Wilmington, DE 19801
Hand Delivery (Counsel to Official Committee of Unsecured Creditors) David B. Stratton, Esquire James C. Carignan, Esquire Pepper Hamilton LLP Hercules Plaza, Suite 1500 1313 Market Street Wilmington, DE 19899 Hand Delivery (Counsel to DIP Administrative Agent) Don A. Beskrone, Esquire Ashby & Geddes, P.A. 500 Delaware Avenue Wilmington, DE 19801 First Class Mail (Counsel to Goldman Sachs, J.Aron & Company; DIP Administrative Agent) Jeffrey Sabin, Esquire Steven Wilamowsky, Esquire Scott K. Seamon, Esquire Bingham McCutchen LLP 399 Park Avenue New York, NY 10022 First Class Mail (Counsel to PEA Collateral Agent, et al.) Seth E. Jacobson, Esquire Chris L. Dickerson, Esquire Skadden, Arps, Slate, Meagher & Flom LLP 333 West Wacker Drive, Suite 2100 Chicago, IL 60606
First Class Mail (Counsel to Official Committee of Unsecured Creditors) Francis J. Lawall, Esquire Pepper Hamilton LLP 3000 Two Logan Square Eighteenth & Arch Streets Philadelphia, PA 19103 First Class Mail (counsel to Official Committee of Unsecured Creditors) Filiberto Agusti, Esquire Steven Reed, Esquire Joshua Taylor, Esquire Steptoe & Johnson LLP 1330 Connecticut Avenue NW Washington, DC 20036 First Class Mail (counsel to Official Committee of Unsecured Creditors) Robbin Itkin, Esquire Katherine Piper, Esquire Kelly Frazier, Esquire Steptoe & Johnson LLP 2121 Avenue of the Stars, 28th Floor Los Angeles, CA 90067