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Leasing Activities Information U.S. Department of the Interior Minerals Management Service MMS Gulf of Mexico OCS Region LEASE SALE 205 CGOM STATISTICS As of February 15, 2008 107 Tracts in Phase 1 - Bids Deemed Acceptable 723 Total Tracts + 596 Tracts in Phase 2 - Bids Deemed Acceptable 703 Tracts - Bids Deemed Acceptable 703 Total Tracts - Bids Deemed Acceptable - 18 Tracts - Bids Rejected - 2 Tracts - Bids Forfeited 0 Tracts Remaining Bids on the following tracts were deemed acceptable on , February 14, 2008, in Phase 2 of the GOM Central Sale 205. The tracts are listed in GOM Company Number order. PHASE 2 ACCEPTANCES BY SUBMITTER 00059 Hess Corporation G31684 Garden Banks 987 G31852 Keathley Canyon 20 00078 Chevron U.S.A. Inc. G31644 Garden Banks 674 G31662 Garden Banks 807 G31668 Garden Banks 862 G31669 Garden Banks 863 G31676 Garden Banks 907 G31681 Garden Banks 953 G31682 Garden Banks 954 G31686 Garden Banks 996 G31688 Garden Banks 998 G31854 Keathley Canyon 22 G31857 Keathley Canyon 64 00689 Shell Offshore Inc. G31677 Garden Banks 910 00724 Marathon Oil Company G31733 Green Canyon 492 01207 Petrobras America Inc. G31679 Garden Banks 951 G31680 Garden Banks 952 G31776 Green Canyon 1001 G31777 Green Canyon 1002 02079 Nexen Petroleum Offshore U.S.A. Inc. G31865 Keathley Canyon 110 G31884 Keathley Canyon 302 02169 Hydro Gulf of Mexico, L.L.C. G31891 Keathley Canyon 368 02421 Devon Energy Production Company, L.P G31886 Keathley Canyon 325 02481 BP Exploration & Production Inc. G31631 Garden Banks 587 G31632 Garden Banks 588 G31687 Garden Banks 997 02748 Statoil Gulf of Mexico LLC G31635 Garden Banks 630 G31636 Garden Banks 631 02873 Cobalt International Energy, L.P. G31771 Green Canyon 957 PAY OFF DATE ON THE ABOVE LEASES IS: March 4, 2008 Bids on the following tracts were deemed acceptable on , February 12, 2008, in Phase 2 of the GOM Central Sale 205. The tracts are listed in GOM Company Number order. PHASE 2 ACCEPTANCES BY SUBMITTER 00059 Hess Corporation G31569 De Soto Canyon 756 G31810 Lloyd Ridge 15 00064 Hunt Oil Company G31918 Keathley Canyon 606 G31974 Walker Ridge 680 G31976 Walker Ridge 724 00148 Anadarko E&P Company LP G31808 Lloyd Ridge 13 00276 Exxon Mobil Corporation G31977 Walker Ridge 767 G31978 Walker Ridge 768 00689 Shell Offshore Inc. G31572 De Soto Canyon 799 G31573 De Soto Canyon 801 G31580 De Soto Canyon 892 G31586 De Soto Canyon 934 G31587 De Soto Canyon 935 G31588 De Soto Canyon 936 G31589 De Soto Canyon 937 G31590 De Soto Canyon 938 G31591 De Soto Canyon 939 G31592 De Soto Canyon 940 G31593 De Soto Canyon 978 G31594 De Soto Canyon 979 G31595 De Soto Canyon 980 G31596 De Soto Canyon 983 G31597 De Soto Canyon 984 G31598 De Soto Canyon 985 G31809 Lloyd Ridge 14 00818 Mariner Energy, Inc. G31617 Garden Banks 334 01207 Petrobras America Inc. G31761 Green Canyon 871 01364 Newfield Exploration Company G31607 Garden Banks 164 G31618 Garden Banks 335 02079 Nexen Petroleum Offshore U.S.A. Inc. G31762 Green Canyon 872 02277 BHP Billiton Petroleum (Deepwater) Inc. G31723 Green Canyon 410 G31724 Green Canyon 411 G31729 Green Canyon 455 02361 Eni Petroleum US LLC G31579 De Soto Canyon 891 02481 BP Exploration & Production Inc. G31790 Atwater Valley 192 G31791 Atwater Valley 193 G31793 Atwater Valley 236 02647 Murphy Exploration & Production Company - USA G31574 De Soto Canyon 841 G31578 De Soto Canyon 885 02748 Statoil Gulf of Mexico LLC G31968 Walker Ridge 544 02765 Bois d'Arc Properties, LP G31382 Ship Shoal Area 57 G31406 South Timbalier Area 68 02970 Castex Offshore, LLC G31334 Vermilion Area 82 02983 Texas Standard Oil & Gas, LP G31372 Eugene Island Area 129A Bids on the following tracts were deemed acceptable on , February 8, 2008, in Phase 2 of the GOM Central Sale 205. The tracts are listed in GOM Company Number order. PHASE 2 ACCEPTANCES BY SUBMITTER 00078 Chevron U.S.A. Inc. G31716 Green Canyon 348 00689 Shell Offshore Inc. G31507 Mississippi Canyon 525 G31945 Walker Ridge 139 G31948 Walker Ridge 184 00724 Marathon Oil Company G31707 Green Canyon 260 G31727 Green Canyon 423 G31796 Atwater Valley 398 00818 Mariner Energy, Inc. G31619 Garden Banks 373 01207 Petrobras America Inc. G31840 Lloyd Ridge 363 G31844 Lloyd Ridge 407 G31845 Lloyd Ridge 408 G31927 Walker Ridge 1 G31934 Walker Ridge 46 01500 TOTAL E&P USA, INC. G31772 Green Canyon 969 G31773 Green Canyon 970 G31774 Green Canyon 971 G31928 Walker Ridge 2 01834 Stone Energy Corporation G31477 Mississippi Canyon 64 G31835 Lloyd Ridge 318 02058 LLOG Exploration Offshore, Inc. G31760 Green Canyon 861 02079 Nexen Petroleum Offshore U.S.A. Inc. G31890 Keathley Canyon 347 02237 Noble Energy, Inc. G31513 Mississippi Canyon 569 02397 Samson Offshore Company G31695 Green Canyon 129 G31782 Atwater Valley 89 G31784 Atwater Valley 133 02647 Murphy Exploration & Production Company - USA G31829 Lloyd Ridge 273 G31834 Lloyd Ridge 317 G31836 Lloyd Ridge 319 02970 Castex Offshore, LLC G31371 Eugene Island Area 114 Bids on the following tracts were deemed acceptable on , February 1, 2008, in Phase 2 of the GOM Central Sale 205. The tracts are listed in GOM Company Number order. PHASE 2 ACCEPTANCES BY SUBMITTER 00056 ConocoPhillips Company G31896 Keathley Canyon 387 00064 Hunt Oil Company G31872 Keathley Canyon 161 00078 Chevron U.S.A. Inc. G31861 Keathley Canyon 71 G31866 Keathley Canyon 116 G31903 Keathley Canyon 433 G31904 Keathley Canyon 434 00148 Anadarko E&P Company LP G31616 Garden Banks 300 00689 Shell Offshore Inc. G31534 Mississippi Canyon 940 G31718 Green Canyon 365 G31962 Walker Ridge 407 G31963 Walker Ridge 408 00724 Marathon Oil Company G31726 Green Canyon 422 G31950 Walker Ridge 196 00818 Mariner Energy, Inc. G31394 Ship Shoal Area 202 01207 Petrobras America Inc. G31803 Atwater Valley 453 01834 Stone Energy Corporation G31493 Mississippi Canyon 364 02079 Nexen Petroleum Offshore U.S.A. Inc. G31738 Green Canyon 595 02169 Hydro Gulf of Mexico, L.L.C. G31871 Keathley Canyon 160 G31951 Walker Ridge 239 G31952 Walker Ridge 240 02277 BHP Billiton Petroleum (Deepwater) Inc. G31734 Green Canyon 499 02421 Devon Energy Production Company, L.P G31799 Atwater Valley 409 G31804 Atwater Valley 454 G31805 Atwater Valley 455 G31869 Keathley Canyon 125 G31956 Walker Ridge 363 02481 BP Exploration & Production Inc. G31426 West Delta Area, South Addition 150 G31427 West Delta Area, South Addition 151 G31487 Mississippi Canyon 313 G31599 Garden Banks 75 G31603 Garden Banks 119 G31725 Green Canyon 412 G31855 Keathley Canyon 27 02702 Plains Exploration & Production Company G31722 Green Canyon 409 02748 Statoil Gulf of Mexico LLC G31759 Green Canyon 852 G31874 Keathley Canyon 169 G31876 Keathley Canyon 213 02769 Leed Petroleum LLC G31393 Ship Shoal Area 201 02873 Cobalt International Energy, L.P. G31744 Green Canyon 685 G31765 Green Canyon 896 02970 Castex Offshore, LLC G31365 Eugene Island Area 46 Bids on the following tracts were deemed acceptable on , January 30, 2008, in Phase 2 of the GOM Central Sale 205 The tracts are listed in GOM Company Number order. PHASE 2 ACCEPTANCES BY SUBMITTER 00064 Hunt Oil Company G31277 West Cameron Area 99 00148 Anadarko E&P Company LP G31535 Mississippi Canyon 978 00276 Exxon Mobil Corporation G31496 Mississippi Canyon 422 G31509 Mississippi Canyon 552 00689 Shell Offshore Inc. G31929 Walker Ridge 4 G31930 Walker Ridge 5 G31935 Walker Ridge 48 G31936 Walker Ridge 49 G31937 Walker Ridge 50 G31940 Walker Ridge 92 G31947 Walker Ridge 183 00724 Marathon Oil Company G31942 Walker Ridge 94 01207 Petrobras America Inc. G31522 Mississippi Canyon 714 01284 W & T Offshore, Inc. G31444 Main Pass Area, South and East 159 Addition 01364 Newfield Exploration Company G31608 Garden Banks 165 G31634 Garden Banks 605 01500 TOTAL E&P USA, INC. G31941 Walker Ridge 93 G31944 Walker Ridge 137 G31946 Walker Ridge 181 01978 Helis Oil & Gas Company, L.L.C. G31361 South Marsh Island Area, North 266 Addition 02058 LLOG Exploration Offshore, Inc. G31438 Main Pass Area 119 G31526 Mississippi Canyon 756 02079 Nexen Petroleum Offshore U.S.A. Inc. G31621 Garden Banks 457 G31672 Garden Banks 870 G31766 Green Canyon 897 G31769 Green Canyon 941 02266 Energy Partners, Ltd. G31366 Eugene Island Area 51 02361 Eni Petroleum US LLC G31331 Vermilion Area 74 G31332 Vermilion Area 75 G31370 Eugene Island Area 111 02481 BP Exploration & Production Inc. G31463 Viosca Knoll 908 G31464 Viosca Knoll 948 G31465 Viosca Knoll 949 G31466 Viosca Knoll 951 G31467 Viosca Knoll 953 G31468 Viosca Knoll 995 G31469 Viosca Knoll 996 G31471 Mississippi Canyon 23 G31472 Mississippi Canyon 24 G31473 Mississippi Canyon 25 G31474 Mississippi Canyon 26 G31475 Mississippi Canyon 32 G31476 Mississippi Canyon 34 G31478 Mississippi Canyon 78 G31480 Mississippi Canyon 157 G31481 Mississippi Canyon 158 G31482 Mississippi Canyon 202 G31491 Mississippi Canyon 356 G31500 Mississippi Canyon 466 G31519 Mississippi Canyon 663 G31525 Mississippi Canyon 750 G31531 Mississippi Canyon 932 G31532 Mississippi Canyon 933 G31786 Atwater Valley 185 02579 Tana Exploration Company LLC G31425 West Delta Area 88 02805 Repsol E&P USA Inc. G31514 Mississippi Canyon 586 G31728 Green Canyon 446 02873 Cobalt International Energy, L.P. G31508 Mississippi Canyon 542 G31516 Mississippi Canyon 629 G31673 Garden Banks 871 G31674 Garden Banks 872 G31678 Garden Banks 918 G31730 Green Canyon 457 G31731 Green Canyon 458 G31757 Green Canyon 850 G31758 Green Canyon 851 02967 Peregrine Oil & Gas II, LLC G31424 West Delta Area 35 Bids on the following tracts were deemed acceptable on , January 25, 2008, in Phase 2 of the GOM Central Sale 205 The tracts are listed in GOM Company Number order. PHASE 2 ACCEPTANCES BY SUBMITTER 00064 Hunt Oil Company G31408 South Timbalier Area 181 00078 Chevron U.S.A. Inc. G31633 Garden Banks 596 G31653 Garden Banks 726 G31659 Garden Banks 771 G31748 Green Canyon 765 G31752 Green Canyon 807 00105 Apache Corporation G31409 South Timbalier Area 209 G31410 South Timbalier Area 210 00148 Anadarko E&P Company LP G31778 Atwater Valley 28 G31779 Atwater Valley 29 G31798 Atwater Valley 401 00689 Shell Offshore Inc.
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    University of Arkansas, Fayetteville ScholarWorks@UARK Accounting Undergraduate Honors Theses Accounting 5-2012 Strategic decisions and shareholder value: an analysis of ConocoPhillips Michael Miller University of Arkansas, Fayetteville Follow this and additional works at: http://scholarworks.uark.edu/acctuht Part of the Finance and Financial Management Commons Recommended Citation Miller, Michael, "Strategic decisions and shareholder value: an analysis of ConocoPhillips" (2012). Accounting Undergraduate Honors Theses. 3. http://scholarworks.uark.edu/acctuht/3 This Thesis is brought to you for free and open access by the Accounting at ScholarWorks@UARK. It has been accepted for inclusion in Accounting Undergraduate Honors Theses by an authorized administrator of ScholarWorks@UARK. For more information, please contact [email protected], [email protected]. Strategic Decisions and Shareholder Value: An Analysis of ConocoPhillips By Michael Cameron Miller Advisor: Ms. Susan Bristow An Honors Thesis in partial fulfillment of the requirements for the degree Bachelor of Science in Business Administration in Accounting Sam M. Walton College of Business University of Arkansas Fayetteville, Arkansas May 11, 2012 Table of Contents INTRODUCTION ..................................................................................................................................................... 2 METHODOLOGY ....................................................................................................................................................