Professional Documents
Culture Documents
mre:
PACIFIC ENERGY RESOURCES LTD., et al.1
Debtors.
) ) ) ) )
Chapter 11
Hearing Date: September 9. 2009 ~ 10:00 A.M. Objection Deadline: September 8, 2009 ~ 4:00 P.M. Related to Docket Nos. 532 and 545
SUPPLEMENTAL NOTICE OF HEARNG ON MOTION FOR APPROVAL OF SALE OF DEBTORS' ALASKA GROUP 1 ASSETS (EXCLUDING TRAING BAY) AND DATE AND TIME OF SALE HEARNG
PLEASE TAK NOTICE that a hearing to consider the proposed sale of
the
Debtors' Group 1 assets in Alaska2 (as contemplated in the Cour's Order (A) Approving
Procedures for Sale of the Debtors' Alaska Assets; (B) Scheduling Auction and Hearing to
Consider Approval of Sale; (C) Approving Notice of Respective Dates, Times, and Places for
Auction and for Hearing on Approval of (i) Sale and (ii) Assumption and Assignment of Certain
Executory Contracts and Unexpired Leases; (D) Approving Forms of
Related Relief
(Docket No. 532)), has been scheduled for September 9,2009, at 10:00 a.m.
prevailing Eastern Time (the "Sale Hearing"), before the Honorable Kevin J. Carey, United
1 The Debtors in these cases, along with the last four digits of each of the Debtors' federal tax identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska Holdings, LLC (tax J.D. # not available) ("PEAR"); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operatig LLC (7021) ("PEAO"); San Pedro Bay Pipeline Company (1234); Cameros Energy, Inc. (9487); and Gotland Oil, Inc. (5463). The mailing address for all of the Debtors is 111 W.OceanBoulevard, Suite 1240, Long Beach, CA 90802. 2 The Group 1 assets consist of: (A) PEAO's interests in leased oil and gas production and exploration assets
located in Alaska (and related assets and contracts) that are operated or held for exploration by PERL; (B) PEAO's interests in leased gas production assets located in Alaska (and related assets and contracts) that are operated by
Aurora Gas, LLC; and (C) PEAR's 50% of the issued and outstanding common stock of
Company ("CIPL").
68773-002\DOCS _DE: 152685.1
Couroom 5, Wilmington, Delaware 19801. The Sale Hearng maybe adjoured from time to
time without fuher notice except by announcement of
PLEASE TAK FURTHER NOTICE that the Debtors have yet to select a buyer
for the Group 1 assets or to document a definitive purchase and sale agreement ("PSA"). The
Sale Hearing wil not go forward if no agreement is reached.
PLEASE TAK FURTHER NOTICE that the Debtors have received offers or
indications of interest to acquire the Group 1 assets from certain prospective buyers pursuant to
the principal terms identified below:3
(1) New Alaska Energy, LLC proposes to acquire the Group 1 assets (excluding the stock ofCIPL) for the purchase price of$1,330,000, plus assumption and payment of certain contract cure obligations. As part of the sale,
liabilities to be assumed generally include: (a) liabilities associated with ownership or operation of the assets being sold that are incurred from and after the Closing Date; (b) any non-lender royalty obligations (including overrding liabilities, (d) plugging, abandonment, royalty interests), (c) environmental decommissioning, removal, and/or restoration liabilities, and (e) all other obligations associated with, relating to, or arising from the ownership or operation of the purchased Group 1 assets from and after the closing date.
(2) Cook Inlet Energy proposes to acquire the Group 1 assets (excluding the stock ofCIPL) for the purchase price of$500,000, plus assumption and payment the sale, essentially the same
liabilities would be assumed as set forth above for New Alaska Energy, LLC.
(3) NTP Oil Corporation proposes to acquire the Group 1 assets (excluding the stock ofCIPL) for the purchase price of$500,000, plus assumption and payment of certain contract cure obligations. il addition, NTP has offered to issue an aggregate 10% of the equity of the acquisition company to one or both of the sale, essentially the same liabilities the Debtors' secured lenders. As part of would be assumed as set forth above for New Alaska Energy, LLC.
3 The only buyers identified herein are those that the Debtors believe have bid, or intend to bid, on the majority of
the Group 1 assets. Contact informtion for the buyers may be obtained by written request to Debtors' counsel
identified below.
68773-002\DOCS_DE: 152685.1
(4) the State of Alaska proposes to acquire the Group 1 assets not currently
owned by the State (excluding the stock ofCIPL) for nominal consideration, plus assumption and payment of certain contract cure obligations, and to obtain title to the Group 1 assets in which the State currently has an ownership interest by way of abandonment by the Debtors' estates.
PLEASE TAK FURTHER NOTICE that any prospective buyer of
the Debtors'
Group 1 assets must deliver to the Debtors a binding, definitive PSA by no later than Friday,
September 4,2009 at 12:00 p.m. Noon prevailing Pacific time, along with evidence of
financing.
il order to be considered, each PSA must contemplate that a closing ofthe sale ofthe Group 1
assets shall occur no later than September 9, 2009 at 4:00 p.m. prevailing Pacific time, assuming
that such sale is approved at the Sale Hearng. By no later than Tuesday, September 8, 2009 at
11 :00 a.m. prevailing Pacific time, any financing contingencies associated with a PSA must be
removed or waived by the buyer, and the buyer must provide Debtors with proof of fuds on
deposit or a binding commitment letter.
PLEASE TAK FURTHER NOTICE that any objections previously fied to the
sale ofthe Debtors' Group 1 assets may be considered by the Court at the Sale Hearing. Any
supplemental objections or other responses to the proposed sale of the Group 1 assets, if any,
must be served so that they are received not later than September 8, 2009 at 12:00 p.m. Noon
prevailng Eastern time, by: (a) (1) Pachulski Stang Ziehl & Jones LLP, 919 North Market
Street, 1 ih Floor, Wilmington, DE 19899-8705, Attn: James E. O'Neil, Esq.; Fax: 302-6524400, e-mail: ioneil~pszilaw.com and (2) Pachulski Stang Ziehl & Jones LLP, 10100 Santa
Monica Blvd., 11 th Floor, Los Angeles, CA 90067-4100; Attn: Ira D. Kharasch, Esq; Fax: 310-
201-0760, e-mail: ikharasch~pszjlaw.com; (b) counsel to the Debtors' secured lenders: (1)
Bingham McCutchen, 399 Park Avenue, New York, NY 10022, Attn: Jeffrey Sabin, Esq.; Fax:
68773-002\DOCS _DE: 152685.1
LLP, 333 West Wacker Drive, Chicago, IL 60606-1285, Attn: T. Kellan Grant, Esq.; Fax: 312407-8511, e-mail: tkgrant~skadden.com; (c) the Office of
Boggs Federal Building, 844 N. King Street, Suite 2207, Lock Box 35, Wilmington, Delaware
19801, Attn: Joseph McMahon, Esq.; and (d) counsel for the Offcial Committee of
Unsecured
90067; Attn: Katherine C. Piper, Esq., Fax: (310) 734-3173, e-mail: kpiper~steptoe.com and
(2) Pepper Hamilton LLP, Hercules Plaza, Ste 5100, 1313 N. Market Street, Wilmington, DE
19801; Attn: James C. Carignan, Esq., Fax: (302) 421-8390, e-mail: icarignan~pepperlaw.com.
Dated: September 2, 2009
M im B. Litvak (CA Bar No. 215852) James E. O'Neil (Bar No. 4042) 919 North Market Street, 17th Floor
P.O. Box 8705 Wilmington, DE 19899-8705
Telephone: 302/652-4100
Facsimile: 310/652-4400
Email: ikharasch~pszjlaw.com mlitvak~pszY. law .com j oneil~pszY. law. com
In re: )
STATE OF DELAWARE )
) ss:
)
)
Debtors. )
Pachulski Stang Ziehl & Jones LLP, attorneys for the Debtors in
the
the above-captioned action, and that on the 2nd day of September, 2009 she caused a copy of
following document(s) to be served upon the paries on the attached service lists in the maner
indicated:
Supplemental Notice of Hearing on Motion for Approval of Sale of the Debtors' Alaska Group 1 Assets (Excluding Trading Bay) and Date and Time of Sale Hearing
DEMA L. YOU
STATE OF DElA
My CO exre JW 18, 201
i The Debtors in these cases, along with the last four digits of each of
NOTAR pu
the Debtors' federal tax identification number, are: Pacific Energy Resources Ltd. (3442); Petrocal Acquisition Corp. (6249); Pacific Energy Alaska Holdings, LLC (tax LD. # not available); Cameros Acquisition Corp. (5866); Pacific Energy Alaska Operating LLC (7021); San Pedro Bay Pipeline Company (1234); Cameros
Energy, Inc. (9487); and Gotland Oil, Inc. (5463). The mailng address for all ofthe Debtors is 111 W. Ocean Boulevard, Suite 1240, Long Beach, CA 90802.
Pacific Energy/Objectors to
Hand Delivery (Counsel for Daniel K. Donkel) (Counsel for Medema Family Trust) Wiliam E. Chipman, Jr., Esquire Landis Rath & Cobb LLP 919 Market Street, Ste 1800 Wilmington, DE 19801 Hand Delivery (Counsel for SalamatofNative Ass'n) Michael D. DeBaecke, Esquire
Blan Rome LLP
Hand Delivery (United States Attorney) Ellen W. Slights, Esq. United States Attorney's Office District of Delaware
1007 N. Orange Street, Suite 700
1201 N. Market Street, Ste 800 Wilmington, DE 19801 Hand Delivery (Counsel for State of Alaska) Joseph H. Huston, Jr., Esquire Maria Aprile Sawczuk, Esquire Stevens & Lee PC 1105 N. Market Street, Ste 700 Wilmington, DE 19801
Wilmington, DE 19801
Hand Delivery (Counsel for J. Aron & Company) Don A. Beskrone, Esquire Amanda M. Winfree, Esquire Ashby & Geddes, P.A.
500 Delaware Avenue, 8th Floor
Wilmington, DE 19899
Hand Delivery (Counsel for Union Oil Company of California, a California Corporation) Norman M. Monhait, Esquire Rosenthal, Monhait & Goddess, P A
Citzens Bank Center, Suite 1401
Via Overnight Delivery (Consel for Union Oil Company of California) Richard L. Epling, Esquire David A. Crichlow, Esquire Roger Elder, Esquire Pilsbury Winthrop Shaw Pittman LLP 1540 Broadway New York, NY 10036 Via Overnight Delivery (CoUnsel for Whale Building LLC) Robert R. Leinwand, Esquire Russell P. McRory, Esquire Robinson Brog Leinwand Greene Genovese & Gluck P.C. 1345 Avenue of the Americas New York, NY 10105
Via Overnight Delivery
(Counsel for Daniel K. Donkel) Christopher M. Brecht, Esquire Bankston Gronning O'Hara, P.C. 60 1 West Fifth Avenue, Ste 900 Anchorage, AK 99501
Via Overnight Delivery (Counsel for Digitel Data Joint Venture) Frederick T. Johnson, Esquire
Dobrowski L.L.P.
10tO Lamar, Ste 1350
Houston, TX 77002
Via Overnight Delivery (Counsel for Medema Family Trust)
John C. Siemers, Esquire
Burr, Pease & Kurtz 810 N. Street, Ste 300 Anchorage, AK 99501
Via Overnight Delivery (Counsel for United States) E. Kathleen Shahan, Esquire U.S. Deparment of Justice
P.O. Box 875, Ben Franlin Station
Via Overnight Delivery (Counsel for SalamatofNative Ass'n) John C. Smith, Esquire Smith & Smith, PLLC 500 L Street, Ste 300 Anchorage, AK 99501 Via Overnight Delivery (Counsel for SalamatofNative Ass'n) Gerald K. Smith, Esquire Smith & Smith, PLLC 40 N. Central Avenue Phoenix, AZ 85004
Overnight Delivery (Counsel for State of Alaska) Lorenzo Marinuzzi, Esquire Samantha Martin, Esquire Morrison & Foerster LLP 1290 Avenue of the Americas New York, NY 10104
68773-002\DOCS_DE:151
133.1
Hand Delivery (United States Attorney) Ellen W. Slights, Esq. United States Attorney's Office District of Delaware
1007 N. Orange Street, Suite 700
Wilmington, DE 19801
Hand Delivery (Counsel for the Debtors and Debtors in Possession) Ian S. Fredericks, Esquire
Skadden Ars, Slate, Meagher & Flom LLP
Counsel for Debtors) Laura Davis Jones, Esquire James E. O'Neil, Esquire Kathleen P. Makowski, Esquire Pachulski Stang Ziehl & Jones LLP 919 North Market Street, 17th Floor P.O. Box 8705 Wilmington, DE 19899-8705
Wilmington, DE 19899
Hand Delivery (Counsel for Union Oil Company of California, a California Corporation) Norman M. Monhait, Esquire Rosenthal, Monhait & Goddess, P A Citzens Ban Center, Suite 1401 919 Market Street, P.O. Box 1070 Wilmington, DE 19899
Hand Delivery (Counsel for Westchester Fire Insurance Company and Noble Energy Inc.) Tobey M. Daluz, Esquire Joshua E. Zugerman, Esquire Ballard Spah Andrews & Ingersoll, LLP 919 N. Market Street, 1ih Floor Wilmington, DE 19801
Wilmington, DE 19801
Hand Delivery (Copy Service)
Parcels, Inc.
Hand Delivery (Counsel for Oxy Long Beach Inc.) David L. Finger, Esquire
Finder, Slanina Liebesman, LLC
Hand Delivery
Unsecured (Official Committee of Creditors) David B. Stratton, Esquire James C. Carignan, Esquire Pepper Hamilton LLP
Hercules Plaza, Suite 1500
Hand Delivery (Counsel for Forest Oil Corporation) Robert J. Dehney, Esquire
Curis S. Miler, Esquire
Morris Nichols Arsht & Tunell LLP 1201 N. Market Street Wilmington, DE 19899
Express Mail
Secretary of State Division of Corporations Franchise Tax P.O. Box 7040 Dover, DE 19903
Hand Delivery (Counsel for Marathon Oil Company) Kevin J. Mangan, Esquire Womble Carlyle Sandridge & Rice, PLLC 222 Delaware Avenue, Suite 1501 Wilmington, DE 19801 Hand Delivery (Counsel for Cook Inlet Region, Inc.) Eric Lopez Schnabel, Esquire Dorsey & Whitney (Delaware) LLP
1105 North Market Street, Suite 16th Floor
Express Mail
Secretary of Treasury P.O. Box 7040 Dover, DE 19903
Express Mail
Internal Revenue Service P.O. Box 21126 Philadelphia, PA 19114-0326
Wilmington, DE 19801
Hand Delivery (Counsel for Area Energy LLC) Norman L. Pernick, Esquire Karen M. McKinley, Esquire Cole, Schotz, Meisel, Forman & Leonard, P.A. 500 Delaware Avenue, Suite 1410 Wilmington, DE 19801
Express Mail
Pollard WirelIne
Express Mail
California Franchise Tax Board
Banptcy, BE MSA 345
Express Mail
SWEPI LP
Express Mail
Linda Lautigar
Overnight Delivery (United States Attorney General) Eric H. Holder, Jr. Office of the Attorney General U.S. Deparment of Justice 950 Pennsylvania Avenue, N.W. Washington, DC 20530-0001
Banptcy Coordinator
MMS / Denver Federal Center POBox 25165 Mail Stop 370B2 Denver, CO 80225 Overnight Delivery Secretary of Treasury 15th & Pennsylvania Avenue, N.W. Washington, DC 20220
Overnight Delivery
Attn: Insolvency
Express Mail
Kristina Engelbert RDI Royalty Distributors, Inc. PO Box 24116 Tempe, AZ 85285
District Director Internal Revenue Service 31 Hopkins Plaza, Room 1150 Baltimore, MD 21201
Express Mail
(Claims representative for the County of Kern)
Overnight Delivery Mark Schonfeld, Esq. Regional Director Securities & Exchange Commission New York Regional Offce 3 World Financial Center, Suite 400 New York, NY 10281-1022 Overnight Delivery Michael A. Berman, Esq. Securities & Exchange Commission Office of General Counsel-Banptcy
100 F Street, N .E.
Washington, DC 20549
Overnight Delivery Matthew Berry, Esquire Office of General Counsel Federal Communications Commission 445 1ih Street, S.W. Washington, DC 20554
Overnight Delivery MTGLQ Investors, L.P. 85 Broad Street New York, New York 10004 Overnight Delivery Goldman Sachs E&P Capital Attn: Matthew C. Tarer 1000 Louisiana, Suite 550 Houston, Texas 77002 Overnight Delivery SPCP Group, L.L.C.
Two Greenwich Plaza, 1 st Floor
Greenwich, CT 06830
Overnight Delivery (Counsel to United States Deparment of Interior, including the Minerals
Management Service)
E. Kathleen Shahan, Esquire U.S. Department of Justice 1100 L Street, NW Washington, D.C. 20005
Overnight Delivery (Counsel for Westchester Fire Insurance Company) Robert McL. Boote, Esquire Ballard Spah Andrews & Ingersoll, LLP
1735 Market Street, 51 st Floor
Overnight Delivery (Counsel to Goldman Sachs) Amy Kyle Bingham McCutchen (Boston) One Federal Street Boston, MA 01221-1726
Philadelphia, P A 19103
Overnight Delivery
(Official Committee of
Unsecured
Creditors) Robbin Itkin, Esquire Katherine Piper, Esquire Kelly Frazier, Esquire Steptoe & Johnson LLP 2121 Avenue of the Stars, 28th Floor Los Angeles, CA 90067
Overnight Delivery (Counsel for Oxy Long Beach Inc.) Richard M. Kremen, Esquire
Jodie E. Buchman, Esquire
Baltimore, MD 21209
Overnight Delivery (Counsel for Noble Energy Inc.) Rhett G. Campbell, Esquire Mitchell E. Ayer, Esquire Thompson & Knight LLP 333 Clay Street, Suite 3300 Houston, TX 77002
Anchorage, AK 99501
Overnight Delivery (Counsel for the State of Alaska) Lorenzo Marinuzzi, Esquire Morrison & Foerster LLP
1290 Avenue of
the Americas
Overnight Delivery
Unsecured (Official Committee of Creditors) Francis J. Lawall, Esquire Pepper Hamilton LLP 3000 Two Logan Square Eighteenth & Arch Streets Philadelphia, P A 19103
Overnight Delivery
Unsecured Creditors) Filiberto Agusti, Esquire Steven Reed, Esquire Joshua Taylor, Esquire Steptoe & Johnson LLP 1330 Connecticut Avenue NW Washington, DC 20036
(Official Committee of
Overnight Delivery (Counsel for Union Oil Company of California) Richard L. Epling, Esquire David A. Crichlow, Esquire Roger Elder, Esquire
Pilsbur Winthrop Shaw Pittman LLP
Region
755 Parfet Street, Suite 151
Lakewood, CO 80215
Overnight Delivery
the Americas