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Independent Oil & Gas
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BOURBON

BOURBON

BOURBON is focusing its development on offshore oil and gas marine services and it is investing massively in innovative and high performance vessels to help its clients reduce their costs for the future, with the highest safety standards. BOURBON has cast off its sugar and retail and food distribution businesses to become a pure play in marine services. Bourbon's maritime activities include: Bourbon Offshore, which provides offshore oil and gas marine services; and its Bourbon Bulk cargo division, Setaf-Saget, which ships commodities such as coal, grain, and timber worldwide. BOURBON operates a fleet of some 266 crew boats and supply vessels that set sail from the West Coast of Africa and the North Sea, among other ports.

OPTI Canada Inc.

OPTI Canada Inc.

OPTI Canada is doing its best to optimize the value of Canadian oil sands. OPTI Canada Inc. uses its OrCrude technology to upgrade bitumen without natural gas, providing a more cost-efficient method of processing. Combined with other processes, the technology is expected to produce high-quality synthetic crude from oil sands. OPTI Canada is in a joint venture with energy company Nexen to develop the Long Lake Project in the Athabasca oil sands area of Alberta. The project is the first to integrate in-situ bitumen recovery with on-site upgrading. OPTI Canada owns about 1.5 billion barrels of synthetic crude (primarily premium sweet crude having a low-sulfur content) expected to be produced annually by the project.

Shell Oil Products US

Shell Oil Products US

Oil refiner and marketer Shell Oil Products US and its sister company Motiva have the US covered. It operates refineries in the western US and markets petroleum products via Shell-branded outlets in the West and Midwest. Motiva does the same in the eastern US. Together Motiva (7,700 gas stations) and Shell Oil Products US (6,000 gas stations) form the #1 US gasoline retailing business. Motiva is a 50-50 joint venture with Saudi Aramco. Though the company has sold two of its refineries in this decade, Shell still operates four refineries throughout the country; Motiva has three of its own.

China Petroleum & Chemical Corporation

China Petroleum & Chemical Corporation

China Petroleum and Chemical Corporation (Sinopec Corp.) is the largest refiner and petrochemical producer in China. Its parent, state-owned China Petrochemical (Sinopec Group), reorganized in 2000 and pooled the best of its assets as Sinopec Corp. Sinopec Corp.'s businesses include oil and gas exploration and production; crude oil processing; oil products trading, transportation, distribution, and marketing; and petrochemicals manufacturing. It has proved reserves of 4 billion barrels of oil and more than 7 trillion cu. ft. of gas, and owns more than 29,000 gas stations. The government of China controls about 75% of the company through the Sinopec Group.

Fairborne Energy Ltd.

Fairborne Energy Ltd.

Fairborne Energy (formerly Fairborne Energy Trust) holds oil and gas investments in Western Canada. Fairborne Energy Ltd. has oil assets in central Alberta and gas properties in west-central Alberta. In 2005 Fairborne Energy Ltd. was converted to Fairborne Energy Trust and a junior exploration company, Fairquest Limited. Fairborne Energy Ltd. owns more than 229,930 net acres of undeveloped land and has proved and probable reserves of 50.7 million barrels of oil equivalent. In 2004 Fairborne Energy acquired land assets from BP Canada and exploration and production company Case Resources. In 2007 the trust acquired total control of Fairquest and became Fairborne Energy.

Hess Corporation

Hess Corporation

Hess Corporation is a leading global independent energy company, engaged in the exploration and production of crude oil and natural gas, as well as in refining and in marketing refined petroleum products, natural gas, and electricity. Our vision is to maximize shareholder value by enhancing financial performance and providing long-term profitable growth. We are committed to meeting the highest standards of corporate citizenship by protecting the health and safety of our employees, safeguarding the environment and creating a long-lasting, positive impact on the communities in which we do business. Exploration and production is the engine of future income and growth, currently representing nearly 80% of capital employed and over 95% of annual capital expenditures. The Company has operations in the United States, United Kingdom, Norway, Denmark, Russia, Equatorial Guinea, Algeria, Libya, Gabon, Egypt, Ghana, the Joint Development Area of Malaysia and Thailand, Indonesia, Thailand, Azerbaijan, Australia, Brazil and St. Lucia. We continue to increase reserves outside the mature regions of the United States and North Sea.

FX Energy, Inc.

FX Energy, Inc.

FX Energy, Inc. was founded in 1989 and is headquartered in Salt Lake City, Utah. FX Energy, Inc., together with its subsidiaries, operates as an independent gas and oil exploration and production company with principal operations in Poland. FX Energy, Inc. also explores for and produces oil from fields in Montana and Nevada, the United States; and holds an oilfield services company in northern Montana that performs contract drilling and well servicing operations. FX Energy, Inc. has projects involving the exploration and exploitation of oil and gas prospects in partnership with the Polish Oil and Gas Company with a primary focus on the Rotliegend sandstones of the Permian Basin in Poland. FX Energy owns gas and oil exploration rights in 9 project areas encompassing approximately 5.4 million gross acres in Poland. As of December 31, 2008, its total proved estimated gas and oil reserves were 45.9 billion cubic feet of natural gas equivalent.

Pyramid Oil Company

Pyramid Oil Company

Pyramid Oil has been in business for more than a century, focusing on the exploration, development, and production of crude oil and natural gas. Pyramid Oil Company major operations and all of its income-producing assets are located in Kern and Santa Barbara counties in Southern California, where Pyramid Oil Company owns and operates about 30 oil and gas leases. Pyramid Oil also holds minority stakes in some oil and gas leases in New York, Texas, and Wyoming. In 2008 Pyramid Oil reported proved reserves of more than 470,000 barrels of oil and 330 million cu. ft. of natural gas. Company chairman Michael Herman owns about 36% of Pyramid Oil. Crude oil and natural gas produced from Pyramid’s properties are sold to various refineries and pipeline companies. The majority of all oil and gas properties that Pyramid owns and operates is for its own account. Pyramid also participates in joint ventures with other companies in the development of oil and gas properties.

Baytex Energy Trust

Baytex Energy Trust

Baytex Energy Trust company was founded in 1993 and is headquartered in Calgary, Canada.Baytex Energy Trust, an open-end unincorporated investment trust, through its subsidiaries, engages in the exploitation, development, acquisition, and production of oil and natural gas in Canada. Baytex Energy Trust principal properties are located in Ardmore, Carruthers, Celtic, Cold Lake, Dodsland, Marsden/Epping/Macklin/Silverdale Seal, Tangleflags, Bon Accord, Darwin/Nina, Leahurst, Pembina, Richdale/Sedalia, Red Earth/Goodfish/Lafond, Stoddart, Turin, and Lindbergh in Canada, as well as in North Dakota and Wyoming in the United States. In addition, Baytex Energy Trust holds interests in heavy oil assets located in the Kerrobert and Coleville areas of southwest Saskatchewan, as well as certain natural gas assets located in the Ferrier area of west central Alberta.

C-Tech Oilwell Technologies Inc.

C-Tech Oilwell Technologies Inc.

C-Tech Oilwell Technologies Inc. is an innovative oil field technology development, sales and services company dedicated to developing coiled rod technology, products and bringing them to the market. C-Tech has been owned by Dover Corporation (NYSE: DOV) since June 2005. C-Tech operates under the Energy Products Group of the Fluid Management market segment of Dover. Through subsidiaries C-Tech provides customers with oil and gas field equipment and services. C-Tech Oilwell Technologies Inc. Pro-Rod subsidiary manufactures coiled rods, rod handling systems, and tubing. Its C-Tech Design and Manufacturing unit makes coiled tubing units and fabricates steel products, including shipping saddles, oil field boilers, and drilling rig modules. C-Tech also provides rig rebuilding, fabrication, and engineering services. Dover Corporation acquired C-Tech in 2005.

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