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Independent Oil & Gas
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Oil & Gas Drilling & Exploration
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PetroQuest Energy, Inc.

PetroQuest Energy, Inc.

PetroQuest was founded in 1985 as a Gulf Coast oil and gas company. From 1985 to 2002 PetroQuest grew its reserves to 69 Bcfe located principally onshore in Louisiana and offshore in the Gulf of Mexico. In 2003, PetroQuest implemented an asset diversification strategy to balance its Gulf Coast and Gulf of Mexico operations with longer lived, lower risk onshore properties. Using the cash flow generated from its Gulf Coast Basin assets, PetroQuest has expanded its asset portfolio to include properties in the Woodford and Fayetteville Shale plays in the Arkoma Basin and it has acquired a significant position in the East Texas Basin where it is pursuing both oil and gas potential.The strategy has yielded results as PetroQuest has more than doubled reserves since 2002 to 157 Bcfe while production has increased an average of more than 18% per year to 31 Bcfe in 2007. PetroQuest Energy, Inc. is now focused on expanding its onshore operations with approximately 75% of its $230 million 2008 capital expenditure budget allocated to East Texas and the Arkoma Basin.

TETRA Technologies, Inc.

TETRA Technologies, Inc.

TETRA Technologies, Inc. operates as a diversified oil and gas services company. TETRA Technologies, Inc. operates in three divisions: Fluids, Offshore, and Production Enhancement. The Fluids division manufactures and markets clear brine fluids, additives, and other associated products and services to the oil and gas industry for use in well drilling, completion, and workover operations in the United States, Latin America, Europe, Asia, and Africa. TETRA Technologies, Inc. also markets liquid and dry calcium chloride to various markets outside the energy industry. The Offshore division provides downhole and subsea services, such as plugging and abandonment, workover, and wireline services; construction and decommissioning services, including hurricane damage remediation of offshore oil and gas production platforms, subsea wells, and pipelines; and diving services comprising conventional and saturated air diving and the operation of various dive support vessels. TETRA Technologies, Inc. was founded in 1981 and is headquartered in the Woodlands, Texas.

Birchcliff Energy Ltd.

Birchcliff Energy Ltd.

Birchcliff Energy Ltd. is an intermediate oil and gas exploration, development and production company based in Calgary, Alberta , and has estimated proved and probable reserves of 46.5 million barrels of oil equivalent. Birchcliff Energy Ltd. produces about 10,000 barrels of oil equivalent per day. Formed in early 2004, Birchcliff Energy acquired Scout Capital in a reverse merger and became publicly traded. The proceeds of its public offering were used to fund the purchase of a natural gas processing plant and gas-producing properties in the Peace River Arch area. Birchcliff's strategy is to expand its natural gas and light oil focused asset base in the Peace River Arch area of Alberta. Birchcliff has up to $3 billion of development drilling on its resource plays. The first resource play is a very large, extensive Montney/Doig natural gas resource play with some 607 or more potential natural gas horizontal well locations, in the Pouce Coupe and Pouce Coupe south areas of North West Alberta. The second resource play is the exploitation, development and water flooding of the Worsley light oil pool located near Worsley, Alberta.

Santos Ltd

Santos Ltd

Santos is an Australian oil and gas exploration and production company with high quality assets and projects throughout Australia and the Asia-Pacific region. Santos Ltd supplies over 20% of eastern Australia’s domestic gas and produced 54.4 million barrels of oil equivalent in 2008. Santos has the largest Australian exploration portfolio by area of any company – 192,000 square kilometres. Santos is developing a multibillion-dollar project to build an LNG facility at Gladstone, Queensland – the world’s first project to convert coal seam gas to LNG on a large scale. Santos Ltd is already a producer of LNG through the Darwin LNG project, which has been exporting to Japan since 2006. Santos has interests in all major oil basins in Australia, including those offshore. Santos Ltd also operates in other countries, including Bangladesh, Egypt, India, Indonesia, Kyrgyzstan, Papua New Guinea, and Vietnam. At 31 December 2009, Santos had a total market capitalisation of approximately $12 billion, making it one of Australia’s Top 30 companies.

Arabian American Development Company

Arabian American Development Company

Arabian American Development Company was organized as a Delaware corporation in 1967. The company’s principal business activities include developing mineral properties in Saudia Arabia and the United States and manufacturing various petrochemical products. ARSD owns the rights to a significant undeveloped mine in Saudi Arabia. The Company has formed a joint stock corporation with Saudi investors. ARSD will contribute the mine rights to this corporation, and investors will contribute $60 million in cash to fund the construction of a $120 million processing facility to make the mine operational. The joint stock corporation will seek financing in the form of a credit line from a bank for the remaining amount. The construction of the facility is expected to take two years. ARSD also owns approximately 55% of the capital stock of a Nevada mining company, Pioche-Ely Valley Mines, Inc ("Pioche"). Pioche owns a 300-ton a day mill which is not currently operable. It also owns 48 patented and 5 unpatented claims totaling approximately 1,500 acres located in the Pioche Mining District, Lincoln County, Nevada. A significant expenditure would be required in order to put the mill into continuous operation if commercial mining is to be conducted on the property. ARSD believes that the real estate value of Pioche is greater than the metal value.

ERG S.p.A.

ERG S.p.A.

ERG (formerly known as Raffineria Edoardo Garrone) lives up to its name -- ergo, it's in the energy business. Italy's largest independent oil refiner (accounting for about 11% of Italy's oil refining capacity), ERG is engaged in refining, marketing, and distributing crude oil and refined products such as diesel and lubricants. The group processes about 380,000 barrels of crude oil a day. With a nationwide network of about 2,000 Ergo-branded service stations, ERG holds about 7% of Italy's retail market share. The company also distributes oil products directly to agricultural, industrial, and utility customers. In addition, the company has interests in power generation. The Garrone family owns about 63% of ERG.

Wood Group ESP, Inc.

Wood Group ESP, Inc.

Wood Group ESP provides oil and gas production equipment and services. The centerpiece of the company's products is its suite of electric submersible pumps (ESPs). Wood Group ESP, Inc. also offers related products such as motors, seals, gas separators and intakes, downhole sensors, electric submersible power cables, and motor controls. In addition, Wood Group ESP, Inc. provides repair and service of its submersible pumping equipment. Wood Group ESP's customers include major oil and gas companies operating worldwide. Wood Group ESP, Inc. is a subsidiary of John Wood Group.

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.

Boralex Inc.

Boralex Inc.

Boralex Inc. produces wood-residue, natural gas-fired cogeneration, hydroelectric, and wind energy in Quebec, the northeastern US, and France. Boralex owns and operates 21 power stations with a combined capacity of about 400 MW: seven hydroelectric plants (Canada, France, and the US), seven wood-residue thermal power stations (Maine and New York), and 10 wind farms in France. Boralex Inc. also manages 10 power generating facilities (190 MW of cumulative electricity) owned by Boralex Power Income Fund, in which it owns a 23% stake. Canada-based paper and packaging group Cascades owns 34% of Boralex.

Exterran Holdings, Inc.

Exterran Holdings, Inc.

Exterran Holdings, Inc., together with its subsidiaries, provides operations, maintenance, service, and equipment for oil and natural gas industry. Exterran Holdings, Inc. Contract Operations segment offers natural gas compression and production, and processing services, as well as provides engineering, procurement, and on site construction of natural gas compression stations and/or crude oil or natural gas production and processing facilities. Exterran Holdings, Inc. Aftermarket Services segment sells parts and components, and provides operation, maintenance, overhaul, and reconfiguration services. Exterran Holdings, Inc. Fabrication segment designs, engineers, fabricates, installs, and sells natural gas compression units and accessories; and oil and natural gas production and processing equipment designed to heat, separate, dehydrate, and condition crude oil and natural gas. Exterran Holdings, Inc. products include line heaters, oil and natural gas separators, glycol dehydration units, dewpoint control plants, water treatment, mechanical refrigeration and cryogenic plants, and skid-mounted production packages designed for both onshore and offshore production facilities. This segment also provide engineering, procurement, and construction services primarily related to the manufacturing of process equipment for refinery and petrochemical facilities; the construction of tank farms; and the construction of evaporators and brine heaters for desalination plants. Exterran Holdings, Inc. was founded in 1990 and is based in Houston, Texas.

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