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Independent Oil & Gas
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Cordy Oilfield Services Inc.

Cordy Oilfield Services Inc.

Cordy Oilfield Services is building its construction business with acquisitions. The Canadian company owns and manages about a dozen operating subsidiaries in Alberta and British Columbia that provide heavy construction, pipeline, drilling manufacturing, and environmental services. These segments serve the oil and gas, mining, private real estate development, and public infrastructure markets. Heavy construction contracts account for about half of Cordy's revenue; services under this segment include road maintenance, gravel and concrete supply, dredging, heavy hauling, and bridge installation. The majority of Cordy's customers are located in western Canada.

Northern Natural Gas Company

Northern Natural Gas Company

Northern Natural Gas (NNG) keeps the pipes gassed up. The company operates 15,140 miles of pipeline stretching from the Permian Basin in Texas to the Great Lakes in the Midwest. It also provides transportation and storage services (five natural gas storage facilities) to some 75 utilities and a variety of other customers in the Upper Midwest. NNG has a 5.3 billion cu. ft. per day market area peak capacity. Dynegy took over NNG in 2002 from the pipeline unit's former parent, bankrupt energy giant Enron. The deal was part of Dynegy's proposed acquisition of Enron, which was called off. To strengthen its own balance sheet, Dynegy sold NNG to MidAmerican Energy Holdings later that year.

Lucas Energy, Inc.

Lucas Energy, Inc.

Lucas Energy puts a good amount of energy into drilling. The independent crude oil and gas company owns and operates about 35 production wells and holds more than 1.5 million barrels of oil in proved reserves. Lucas Energy, Inc. operations are spread over some 11,000 acres primarily in the Austin Chalk region of Texas. Lucas Energy, Inc. leases its well-producing properties from local landowners and small operators and is building up its reserve base by acquiring and re-drilling older or underperforming wells that have been overlooked by larger oil and gas companies. Most of Lucas Energy's revenue comes from sales of crude oil to customers such as Gulfmart and Texon, with the remainder derived from natural gas sales.

Bonavista Energy Trust

Bonavista Energy Trust

Bonavista Energy Trust is a Calgary-based oil and gas royalty trust created through the reorganization of Bonavista Petroleum Ltd. in July 2003. The exploration and production company focuses on four core areas in Alberta, British Columbia, and Saskatchewan. In 2008 Bonavista Energy Trust reported it had about 1.2 million net acres of undeveloped land, the bulk of which is in Alberta. Bonavista also has proved reserves of 142.2 million barrels of oil equivalent and has identified some 700 quality drilling prospects. Bonavista Energy Trust has a balanced production of 52,500 barrels of oil equivalent per day -- 55% natural gas, 34% light oil, and 11% heavy oil. In 2009 Bonavista Energy Trust built up its asset base, acquiring properties in central Alberta area for about $698 million.

Cheniere Energy, Inc.

Cheniere Energy, Inc.

Cheniere Energy, Inc. was founded in 1983 and is based in Houston, Texas. Cheniere Energy, Inc., through its subsidiaries, engages in the development, construction, ownership, and operation of onshore liquefied natural gas (LNG) receiving terminals and natural gas pipelines along the Gulf Coast of the United States. Cheniere Energy, Inc. develops LNG receiving terminal projects on Sabine Pass LNG in western Cameron Parish, Louisiana on the Sabine Pass Channel; Corpus Christi LNG near Corpus Christi, Texas; Creole Trail LNG at the mouth of the Calcasieu Channel in central Cameron Parish, Louisiana; and Freeport LNG on Quintana Island near Freeport, Texas. Cheniere Energy, Inc. also engages in oil and natural gas exploration and development activities in the Gulf of Mexico.

Cimarex Energy Co.

Cimarex Energy Co.

Cimarex Energy's energy is devoted to oil and gas exploration and production. The independent is focusing its operations on the Midcontinent, Gulf Coast, Permian Basin, and Gulf of Mexico. Cimarex Energy Co. reported proved reserves in 2008 of about 1.1 trillion cu. ft. of natural gas and 45.2 million barrels of oil and natural gas liquids. Cimarex Energy participated in drilling 450 gross wells (about 280 net) during 2008. That year company-operated wells accounted for 83% of its total proved reserves and some 81% of it total production (of 22,940 barrels of oil per day).

Hindustan Petroleum Corporation Limited

Hindustan Petroleum Corporation Limited

HPCL is a Fortune 500 company, with an annual turnover of Rs. 1,16,428 Crores and sales/income from operations of Rs 1,31,802 Crores (US$ 25,618 Millions) during FY 2008-09, having about 20% Marketing share in India and a strong market infrastructure. Corresponding figures for FY 2007-08 are: Turnover of Rs 1,03,837 Crores and sales/income from Operations of Rs.1,12,098 Crores (US$ 25,142 Million). Hindustan Petroleum is India's second-largest oil refiner (Indian Oil is #1, Bharat Petroleum is #3) and accounts for more than 16% of the country's total refining requirements. The company has two major refineries -- one in Mumbai, the other in the southern Indian city of Vishakapatnam -- and produces lubricants, aviation fuel, liquefied petroleum gas, and light diesel oil. Hindustan Petroleum also holds a 17% stake in a refinery at Mangalore and is establishing another refinery in the state of Punjab. Other businesses include pipelines, a lube refinery (with a 40% share of the lube oil market), and 8,330 gas stations nationwide. The Indian government owns 51% of the company, which was established in 1974.

Subsea 7 Inc.

Subsea 7 Inc.

Subsea 7 Inc. is one of the world's top subsea contractors for the oil and gas industry, the former joint venture resulted from the merging of the underwater construction businesses of Halliburton's Energy Services Group and Norway's Siem Offshore. Subsea 7 operates a fleet of dynamically positioned (DP) vessels and remotely operated vehicles (ROVs) fitted to perform deepwater construction, pipe laying, and surveying functions. Subsea 7 Inc. also provides drill rig support services; subsea inspection, repair, and maintenance services; and subsea equipment and expertise. Subsea 7 Inc. global operations include an extensive infrastructure of project management and engineering centres, pipeline spoolbases and fabrication yards. These strategically-positioned assets, in conjunction with a network of local partners, are central to our objective of developing strong and sustainable regional businesses.

OAO LUKOIL

OAO LUKOIL

LUKOIL is one of the world’s leading vertically integrated oil & gas companies. Main activities of the Company are exploration and production of oil & gas, production of petroleum products and petrochemicals, and marketing of these outputs. Most of the Company's exploration and production activity is located in Russia, and its main resource base is in Western Siberia. LUKOIL owns modern refineries, gas processing and petrochemical plants located in Russia, Eastern and Western Europe, near-abroad countries. Most of the Company's production is sold on the international market. LUKOIL petroleum products are sold in Russia, Eastern and Western Europe, near-abroad countries and the USA. LUKOIL is the second largest private oil Company worldwide by proven hydrocarbon reserves. The Company has around 1.1% of global oil reserves and 2.3% of global oil production. LUKOIL dominates the Russian energy sector, with 18% of total Russian oil production and 19% of total Russian oil refining.

Stone Energy Corporation

Stone Energy Corporation

Stone Energy Corporation was founded in 1993 and is headquartered in Lafayette, Louisiana with additional offices in Houston, Texas, and Morgantown, West Virginia. Stone Energy Corporation engages in the acquisition, exploration, development, operation, and production of oil and gas properties located in the Gulf of Mexico and Appalachia region. As of December 31, 2008, Stone Energy Corporation had estimated proved oil and natural gas reserves of approximately 518.9 Bcfe.With rising oil prices Stone Energy Corporation has been able to acquire more properties. Stone Energy Corporation has sold the bulk of its Rocky Mountain oil and gas properties in order to focus its energy on targeting reserves and production in the deep shelf and deep water areas of the Gulf of Mexico. In 2008 the company acquired fellow Gulf explorer Bois d'Arc Energy for about $1.7 billion.

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