Saras, a leading European oil refining company based in Italy, produces an average of more than 300,000 barrels of oil per day at its Sardoch refinery based off the coast of Sardinia. While oil refining represents more than half of its business, Saras also owns other energy-related companies, including a wind farm in Sardinia, a biodiesel plant in Spain, and an industrial engineering research business. The company distributes its finished products -- including gasoline, diesel, kerosene, aviation fuel -- primarily through two subsidiaries: Arcola Petrolifera, which owns several storage facilities in Italy and Spain; and Saras Energia, a chain of owned and leased retail gas stations in Spain.

Tesoro Corporation engages in refining and marketing petroleum products. It operates in two segments, Refining and Retail. The Refining segment processes both heavy and light crude oils and produces primarily gasoline and gasoline blendstocks, jet fuel, diesel fuel, and heavy fuel oils. It also manufactures other refined products, including liquefied petroleum gas, petroleum coke, and asphalt. As of December 31, 2008, this segment owned and operated seven petroleum refineries located in the western and mid-continental United States with a combined crude oil capacity of 665 thousand barrels per day. The Retail segment sells gasoline and diesel fuel through company-operated retail stations and third-party branded distributors in the western and mid-continental United States. As of the above date, it included a network of 389 branded retail stations primarily operated by the company under the Tesoro, Mirastar, Shell, and USA Gasolinetm names; and 490 branded stations operated by independent dealers. Tesoro Corporation markets its refined products to wholesale and retail customers, as well as commercial end-users. The company was formerly known as Tesoro Petroleum Corp and changed its name to Tesoro Corporation in November 2004. Tesoro Corporation was founded in 1939 and is based in San Antonio, Texas.

Sword Energy Inc., formerly Thunder Energy Trust, engages in the exploration, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin. Sword Energy Inc. is a privately-owned company. Sword Energy invests in oil and gas operations in Alberta, British Columbia, and Saskatchewan. Sword Energy Inc. (formerly called Thunder Energy Trust) has estimated proved reserves of about 26 billion barrels of oil equivalent, and produces about 7,800 barrels of oil equivalent a day (65% as natural gas). Sword Energy Inc. produces natural gas in Alberta's Peace River Arch and Deep Bain, as well as in Central, Northern and Western Alberta, and in Southeastern Saskatchewan. Aston Hill Financial, an investment group that specializes in the oil and gas business, owns Sword Energy.

In addition to its exploration activities, the Corporation was given powers and operational interests in refining, petrochemicals and products transportation as well as marketing. Between 1978 and 1989, NNPC constructed refineries in Warri, Kaduna and Port Harcourt and took over the 35,000-barrel Shell Refinery established in Port Harcourt in 1965. Whether it's downstream or upstream, the Nigerian National Petroleum Corporation (NNPC) goes with the flow of oil and gas. NNPC oversees the petroleum industry of one of the top, albeit politically turbulent, oil-producing countries in the world. the NNPC produces oil through dominant positions in partnerships with major world oil companies. The company has four refineries, in Port Harcourt (2), Warri, and Haduna) with a total capacity of 445,000 barrels per day. NNPC also oversees the nation's natural gas industry and has liquefied natural gas operations. It oversees 5,000 kilometers of oil and gas pipeline, 21 storage tanks and nine LPG depots.

Manas Petroleum is a Baar, Switzerland headquartered international oil exploration and development company. It was founded as a private company in 2004 and during its first two years spent approximately $7 million acquiring and advancing its Kyrgyz, Tajik and Albanian projects. Its portfolio now totals more than 5 million acres in 5 countries. Manas Petroleum Corporation, which focuses on about 3 million acres of land in Chile, Kyrgyzstan, and Albania, typically acquires exploration rights and then, in an effort to keep costs down, farms out its development operations to local third parties. Manas often collaborates with Australian oil and gas company Santos for its activities.

Hiland Partners, LP is a midstream energy partnership engaged in purchasing, gathering, compressing, dehydrating, treating, processing and marketing of natural gas and the fractionating, or separating, and marketing of natural gas liquids, or NGLs. Hiland Partners also provides air compression and water injection services to Continental Resources, Inc. ("CLR"), a publicly traded exploration and production company, for use in its oil and gas secondary recovery operations. Hiland Partners' operations are primarily located in the Mid-Continent and Rocky Mountain regions of the United States. In the Partnership's midstream segment, Hiland Holdings GP, LP connects the wells of natural gas and crude oil producers in its operating areas to its gathering systems, treats natural gas to remove impurities, processes natural gas for the removal of NGLs, fractionates NGLs into NGL products and provides an aggregate supply of natural gas and NGL products to a variety of transmission pipelines and markets.

Meenan Oil has been providing top-quality heating oil and 24-hour emergency service to our neighbors on Long Island. Meenan Oil offers expert tank analysis, heating and cooling services, brand-name equipment, and home security monitoring services to customers in New Jersey, New York, and Pennsylvania. Meenan Oil Co., L.P. headquarters include a garage and repair shop, installation equipment warehouses, 12 loading and unloading stations, and a 1.3 million gallon storage tank. Meenan Oil, is a subsidiary of Star Gas Partners, which is controlled by investment firm Kestrel Energy Partners LLC. Although Meenan initially built a reputation for fuel oil service and expertise in the New York City metropolitan area, post World War II Long Island is really where the company made its mark.

Royale Energy, Inc. was founded in 1986 and is based in San Diego, California. Royale Energy, Inc. operates as an independent oil and natural gas producer in the United States. Royale Energy, Inc. engages in the production and sale of oil and natural gas; acquisition of oil and gas lease interests and proved reserves; drilling of exploratory and development wells; and sale of working interests in wells to be drilled. Royale Energy, Inc. also owns wells and leases located principally in the Sacramento Basin and San Joaquin Basin in California, as well as in Utah, Texas, and Louisiana. In addition, Royale Energy, Inc. holds proved developed producing reserves of oil and natural gas in Texas and Louisiana. As of December 31, 2008, Royale Energy operated 49 natural gas wells in California; owned an interest and operated 6 natural gas wells in Utah; and had non-operating interests in 17 oil and gas wells in Texas, 3 in Oklahoma, 1 in California, and 2 in Louisiana. Royale Energy, Inc. also had proved developed reserves of 3,185 MMcf and total proved reserves of 3,377 MMcf of natural gas; and proved developed oil reserves of 25 Mbbl and total proved oil reserves of 25 Mbbl.

Flint Hills Resources has sparked an interest in fuel production. Flint Hills Resources, LP, a subsidiary of Koch Industries, is a major producer of fuels, base oils for lubricants, and other petrochemical products. Flint Hills Resources, LP has stakes in crude oil marketing, transportation, and storage activities in Canada. Flint Hills Resources, LP also has refining complexes in Alaska, Minnesota, and Texas, that together have a total processing capacity of more than 800,000 barrels of crude oil per day. Flint Hills has associated marketing activities and petrochemical production and trading businesses. Flint Hills Resources, LP markets gasoline, jet fuel, diesel, heating oil, and other fuels, owns stakes in common carrier pipelines, and has an interest in base oil producer Excel Paralubes.

Pioneer Southwest Energy Partners L.P. (NYSE: PSE) is a Delaware limited partnership formed by Pioneer Natural Resources Company (NYSE: PXD) to own and acquire oil and gas assets in Pioneer Southwest's area of operations, which consists of onshore Texas and eight counties in the southeast region of New Mexico. Pioneer Southwest's assets currently consist of non-operated working interests in approximately 1,100 identified producing wells in the Spraberry field in the Permian Basin of West Texas, with approximately 23 MMBOE of proved reserves as of December 31, 2008. Pioneer Southwest owns a 78% average working interest in these wells, and Pioneer Natural Resources is the operator. According to the Energy Information Administration, the Spraberry field is the fifth largest oil field in the United States and the only large onshore oil field that is growing. Recently published production information identifies Pioneer Natural Resources as the largest operator in the field, and Pioneer Southwest expects to benefit from that experience and scale of operations.

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