IN THE UNITED STATES BANKRUPTCY COURT

FOR THE DISTRICT OF DELAWARE

In re:
PACIFIC ENERGY RESOURCES
al..
1
Debtors.
Chapter 11
Case No. I0785 (KJC)
(Jointly Administered)
Objedion Deadline: ...__ llt 4:00 p.m.
Hearing Dtadline: Only if Objections lire .'iled
FIRST INTERIM .'EE APPLICATION FOR COMP,ENSATION FOR SERV1CES
RENDERED AND REIMBURSEMENT OF EXPENSES OF DELOITTE FINANCIAL
ADVISORY SERVICES LLP AS FINANCIAL AnVISORS TO TR.: OFFICIAL
COMMITTEE OF UNSECURED CREDITORS
FOR TH}!: PI<:RIOD OF MARCH 26, 2009 THROUGH MAY 31.2009
Name 0 f:\ pplicant: Deloittc Financial A dvismy Services LLP
Authoriz.ed to Provioe Professional Financial Advisory The OffiCi,;11 Commitlec of Unsecured Creditors of
Services to: Pacific Energy Resources l;rD
Effective March 26,2009 by Order
Date ol'Rctentlon: Fntered June 3. 2009
Period j()r which COl'npensation and Reimbursement is '\1arch 26,2009through May 31.2009
Amount ofFees:
$165,421,00
Less: 50% Non-Working Travel Time ($5.49750)
Subtotal $159.929.50
i\mount of Expenses Sought: $9.158,99
Amount of Fees and E'.'pcnse Reimbursement Sought as
Actual, Reasonable and Necessary: $169,688.49
Less Fees and Expenses Paid Per Compensation Order 2
Net Al110unt Requested $169,688.49
This is a: _L interim final application
This is the Appiicant's First Interim Fce Application,
J The Debwrs in lh..:sc .:btlptcr II e<'lscs arc : Pacific Energy Resources Ltd,. Pclrocal Acquisition Corp. Pacific
Alaska llo!dillg5, LtC. Cameros Acquisition Corp,. Pacific Energy Operating LLC. &U1 P!:dro Bay
Pipeline Company. Cllfll!:roS Energy. Inc .. tUld Golland Oil, Inc,
DELOITTE PROFESSIONALS
Grand Total: $165,427.00
Total Hours: 327.70
2
COMPENSATION BY CATEGORY
24
44
50
52
61
65
68
74
219.7
6.7
35.1
T") 'j
""" .... ~ . , . . ,
15.6
2.5
6.5
$19,430.
$10,995.00
$8.152.50
$1,337.50
$1,579.50
$1
EXPENSE SUMMARY CATEGORY
Sen icc
Pro, jdcr (if
Expcnse Cntcgory npplkublc) Tot.d Expenscs
Airfare $6,467.66
Conference Calls $19.02
IIotei or Lodging $1,883.85
Meals $680.64
Mileage $132.00
MiscellaneOll'l S184.9O
Parking $67.08
Taxi and Transportation $323.84
TOTAL $9,758.99
3
IN THE UNITED STATES BANKRUPTCY COlJRT
FOR THE DISTRICT OF DELAWARE
In re:
PACIFIC ENERGY RESOURCES LTD, et
aLI
Debtors.
Chapter 11
Case No. 09-10785 (KJC)
(Jointly Administered)
Objection Deadline: ~ " " " ~ _ " ' " ' " . " ' _ " " , , ' ' ' , , ' ' ~ _ , , ~ at 4:00 p.m.
lIearing Deadline: Only ir ObjtCtiODS are Filed
FIRST INTERIM FEE API'LlCATION 'OR COMPENSATION FOR SERVICES
RENDERED AND REIMBURSEMENT OF EXPENSES OF DELOITTE FINANCIAL
ADVISORY SERVICES LLP AS FINANCIAL ADVISORS TO THE OFFICIAL
COMMITTEE OF UNSI<:CURED CREDITORS
}c'OR THE PERIOD OF MARCH 26, 2009 THROUGH MAY 31,2009
Pursuant to Sections 330 and 331 of Title 11 of the United States Code (the "Bankruptcy
Code''), Rule 2016 of the Federal Rules of Bankruptcy Procedure (collectively the "Bankruptcy
Rules"), Rule 2016 of the Local Rules of Bankruptcy Practice and .Procedure of the United States
Bankruptcy Court for the District of Delaware (the "Local Bankruptcy Rules"), and the Court's
"Administrative Order Establishing Procedures for Interim Compensation and Expense
Reimbursement of Protessionals and Committee Members," approved on April 8, 2009. (the
"Administrative Order"), Deloitte Financial Advisory Services LLP (hereinafter "Deloitte FAS"
or "Applicant") , financial advisors to the Official Committee of Unsecured Creditors, hereby
submits its First Interim Fcc Application for Compensation and for Reimbursement of Expenses
for the period from March 26, 2009 through May 31,2009 (the "Interim Fee Application").
By this Interim Fee Application Deloitte F AS seeks an interim allowance of
compensation in the amount of $165,427.00 Jess 50% non-working travel time deduction in the
amount of $5,497.50 and actual and necessary expenses in the amount of $9,758.99 for a total
The D.:btor.i in these chapter II cas.:, are: Pacific Energy Rcsources Ltd., Petrocal Acquisition Corp ... l'acitic Energy
Alaskl1 Holdings. LtC, Cameros Acquisition Corp .. Pacific Energy Ala.ska Opcnlling LtC, San Pedro Bay Pipeline Company.
Camtzms Energy, Inc" and Gotland Oil, Inc.
allowance and payment of $169,688,49 for the period of March 26, 2009 through May 31, 2009.
In support hcrcot: Deloitte F AS respectfully represents the follows:
BACKGROUND
1. On iv1arch 8, 2009 (the "Petition Date"), the Debtors filed voluntary petitions for
relief under chapter 11 of the Bankruptcy Code. On March 12,2009, PERL filed a concomitant
petition for relicf in Canada (the "Canadian Proceeding") under the Companies' Creditors
Arrangement Act (the "CCAA"). On March 12,2009. the Supreme Court of British Columbia
entered an order which recognized the Chapter 11 cases as a "foreign proceeding" under the
eCAA
2. The Debtors continue in possession of their properties and continue to operate and
manage their businesses as debtors-in-possession pursuant to 1107(a) and 1108 of the
Bankruptcy Code. On or about March 19, 2009, an official committee of unsecured creditors
(the "Committee") was appointed to this case.
3. The Court has jurisdiction over this matter pursuant to 28 U.S.C. 157 and
1334. This is a core proceeding pursuant to 28 U.S.C. 157(b)(2).
4. Pursuant to the procedures set forth in the Administrative Order, professionals
may r c q u c ~ 1 monthly compensation and reimbursement, and the Notice Parties (as defined in the
Administrative Order) may objections to such requests. If an objection to a professional's request
is not tiled and served within twenty (20) days after service of the monthly fee application, the
Professional may file a certificate of no objection, after which the Debtors are authorized to pay
the Professional eighty percent (80%) of the requested fees and one hundred percent 100% of the
requested expenses.
5. Furthermore, the Administrative Order provides that professionals arc to file and
2
serve upon notice parties an interim request for interim Court approval and allowance of the
monthly fee applications during the interim fee period covered by the Interim Fee Application.
All fees and expense are paid on an interim basis until final allowance by the Court.
RETENTION OF DEl,OITTE F AS
6. The retention of Deloitte FAS, as financial advisors to the Official Committee of
Unsecured Creditors, was approved effective March 26, 2009 by this Court's Order Pursuant to
I I U.S.c. 327(A) and Fed. R. Bankr. P. 2014(A), 2016, and 5002 Authorizing the Employment
and Retention of Deloitte Financial Advisory Services LLP as Financial Advisors to the Oftlcial
Committee of Unsecured Creditors" entered on or about June 3, 2009 (the "Retention Order").
The Retention Order authorized the Committee to employ Deloitte F AS pursuant to an
Engagement Letter (the "Engagement Letter"), dated April 7, 2009, between Deloitte FAS and
the Committee. Pursuant to the Retention Order, Deloitte F AS was authorized to perform and to
be compensated for professional services and reimbursed for actual and necessary expenses
incurred on behalf of the Committee, subject to application to this Court as set forth therein.
REQUESTED FEES AND REIMBURSEMENT OF EXPENSES
7. All services for which Deloitte FAS requests compensation were performed for or
on behalf of the Cornmittec. Deloitte F AS has received no paymellt and no promises for
payment from any source Il)r services rendered or to be rendered in any capacity whatsoever in
connection with the matters covered by this Interim Fee Application. There is no agreement or
understanding bctwet..'11 Deloitte FAS and any nonaffiliated person for the sharing of
compensation to be received for services rendered in these cases. Deloitte FAS received no
retainer for the services rendered in these cases.
8. Pursuant to the Engagement Letter, it was established that the compensation of
- 3
Deloitte F AS shall be presently based on the following hourly rate charges by professional
classification, as follows:
Professional Staff Lc,'cl Hourly Rate
PartnerlPrincipallDirector $575
Senior Manager $525
Manager $450
Senior Associate $375
Associate $295
9. In addition to professional fees, Deloittc FAS's interim fee applications will
include requests for reimbursement of reasonable expenses, including travel, meals, report
production, and other costs incurred in providing the services. As a component of such interim
fce applications. Deloitte FAS will provide descriptions of the services performed, and the
related time expended by each professional.
10. The services rendered by De10itte FAS during the Interim Fec Application can be
grouped into categories set forth below. Deloitte FAS attempted to place the services provided in the
category that best related to stich services. However, because certain services may relate to one or more
categories, services pertaining to one category may in fact be included in another category. These
services performed, by categories, are generally described below, with a more detail identification of the
actual services provided set forth on the attached Exhibit A. Exhibit A identifies the professional and
paraprofessionals who rendered services relating to each category, along with the number of hours for
each individual and the total compensation sought for each category. To the best of Deloitte FAS's
knowledge, this Interim Fec Application substantially complies with sections 330 and 331 of the
Bankruptcy Code. the Bankruptcy Rules and the Administrative Order.
11. A summary of actual and necessary expenses incurred by Deloltte FAS fbr the
Interim Period is attached hereto as part of Exhibit 13. Deloitte FAS does not charge for
photocopying, out-going facsimile transmissions, or long distance telephone calls on faxes.
-4
Deloitte FAS does not charge the Debtors for the receipt of faxes. Deloitte FAS customarily
charges for conference call charge expenses.
SUMMARY DESCRIPTION OF SERVICES PERFORMED
12. This Interim Fee Application covers the period March 26, 2009 through and
incllJding May 31. 2009. Deloitte F AS has and may continue to perfonn additional necessary
services subsequent to May 31. 2009, for which Deloitte FAS wiH file subsequent fee
applications.
13. DeJoitte FAS believes it appropriate to be compensated for the time spent in
connection with these matters, and sets forth a brief narrative description 0 f the services rendered
for or on behalf of the Committee and the time expended, organized by project task categories, as
follows:
A. Category 24 -niP Facility Matters
14. During the Interim Period, the Applicant performed detailed analysis in support of
the DIP objection filed by committee legal counsel and also prepared a detailed declaration for
Curt McClam. The analysis of the DIP served to reduce the amount of fees to be paid by the
debtor as a result of the roll-up and also provided for some arguments against various other terms
with the intent of increasing the unsecured creditors' recoveries. The supporting analysis
included benchmarking of recent DIPs to determine appropriateness of the Pacific Energy DIP
pricing and terms. For this analysis Deloitte gathered all of the recent DIPs available and then
filtered and analyzed the interest rates, facilities fees, commitment fees, and other related terms
and compared them ,vith the Pacific Energy DIP. In addition, Deloitte analyzed aU of the pre
petition debt including both debt that is being rolled into the DIP and also the second lien to
understand all of the transactions associated with those facilities historically and their relevance
- 5
to this case. In analyzing the roll-up itself. Deloitte analyzed the make-whole payment,
conversion fee payment, interest calculations, paid-in-kind interest accrued, DIP operating
budget including underlying assumptions, and provided conclusions on the appropriateness of
these fees. In drafting the dcdaration and supporting schedules, Deloittc also analyzed the
impact of the fees and interest related to the DIP roll-up versus the fees and interest that would
have accrued without the DIP roll-up to illustrate how this arrangement was to the detriment of
the unsecured creditors. Ddoitte F AS seeks compensation for 219.7 hours of reasonable and
necessary fees incurred in the total amount of$1 09,865.00.
B. Catcgorv 44 - .Firm Retention
15. During the Interim Period, the Applicant prepared documents related to retention
of Dc10itte FAS. This included preparation of all engagement agreements, engagement letter, and
other related documents. Deloitte F AS seeks compensation for 6.7 hours of reasonable and
necessary fees incurred in the total amount of$3,812.50.
C. Category 50 - Meetings/Calls with Counsel
16. During the Interim Period, the Applicant discussed various calls with committee
legal counsel to discuss the case issues and related matters including various analysis in support
of the DIP financing, oil and gas reserves, and to provide updates on our progress.
Deloitte FAS seeks compensation for 35.1 hours of reasonable and necessary fees incurred in the
total amount 01'$19,430.00
D. Categon' 52 - Non-Working Travel Time
17. This category covers all non-working travel time of Deloitte professionals during
the Interim Fee Application Period. Deloitte F AS seeks compensation for 22.2 hours of
reasonable and necessary iees incurred in the total amount of $10,995.00, less a 50% reduction
-6
of $5,497.50.
F Category 61- Meetings/Calls with Debtor
18. During the Interim Period, Deloitte with members of the Debtor's management
team as wen as Chief Restructuring Officer firm Zolfo Cooper. Deloitte discussed debt facilities
and analysis, reserves for the Alaska and Beta assets, earn-out payments, make whole-payments
and conversion fees. These meetings and calls formed the basis for the understanding of the DIP
budget as much of the underlying assumptions and back-up was not available through court
lilings. Ddoitte FAS seeks compensation for 15.6 hours of reasonable and necessary fees
incurred in the total amount of $8, 152.50.
F. Category 65 - Information Request & Related Matters
19. Deloitte FAS prepared request for data to be used for analysis of DIP agreements,
Alaska and Bela assets and reserves, prepetition financing, and other documents related to the
case analysis. Deloitte FAS seeks compensation for 2.5 hours and reasonable and necessary fees
incurred in the total amount of $1,337.50.
G. Category 68 - Fee/Expense Applications
20. Staff for Applicant assisted ill the preparation of data to be used in creation of
monthly fce application, to be distributed to all parties in interest. These fees arc less than one
percent of total amount of fees and expenses invoiced and many of the hours spent were in
connection with the preparation of the first and second monthly fee statements. Deloittc seeks
compensation for 6.5 hours of reasonable and necessary fees incurred in the total amount of
$1,579.50.
H. Category 74 -Plan, Supervise, Admin & Review
21. Applicants spent time planning and coordinating the work plan for the C'L'Ie,
- 7
supervising staff at a111evels and geographies, gathering relevant case information and reviewing
it, and resolving data sufficiency issues. These tasks are reasonable and customary and serve to
enable the Applicant to increase the work efficiency of work performed. Delaine FAS seeks
compensation for 19.4 hours of reasonable and necessary fees incurred in the total amount of
$10.255.00
22. The nature of work performed by these persons is fully set forth in Exhibit A
attached hereto. These are typical hourly rates for work of this character. Thc reasonable value
of the services rendered by Deloitte FAS for the Debtors during the Interim Period is
$165,255.00.
REQUIJ:STED COMPENSATION SHOULD BE ALLOWED
23. In determining the amount of reasonable compensation to be awarded, the Court
shall consider, pursuant to 11 U.S.c. 330(a)(3), the nature, extent, and the value of such
services, taking into account all relevant factors, including: (A) the time expended on such
services, (B) the billing rates for such services, (C) whether such services were beneficial or
necessary to the administration of the estate, (D) the complexity of the case or the nature or the
task handled by the professional, and (E) the costs of comparable professional services. See
11 U.S.C. 330(a)(3)(A)-(E).
WHEREFORE, Deloitte FAS respectfully requests that the Court enter an order (i)
awarding Deloitte Tax the interim allowance of (a) fees for the period of March 26, 2009 through
May 31,2009 in the amount of $]65,427.00, less 50% non-working travel time deduction in the
amount of $5,497.50 and (b) the reimbursement for actual and necessary expenses Deloitte Tax
incurred during the interim period in the amount of $9,758.99, (ii) and authorization for a total
payment of $165,841.49, (iii) granting such other relief as just.
-8
DATED: Julv
.
13,2009
-
Respectfully submitted,
DELOITTE FINANCIAL ADVISORY
SERVI' S LL
By:
Curtis A. McClam
Restructuring Principal
350 South Grand Ave, Ste. 200
Los Angeles, CA 90071
Telephone: 213-688-5141
-9
l'acific Energy Resources
COMPLETF. ACCOUNTING OF TIME
BY CATEGORV BY DATE
March 26, 2009 May 21, 2009
DATE DESCRIPTION RATE HOURS VALUf:
24 - llIP Facility Matters
3127/2009
SWARAM Work with T)Cloittc DIP survey lcam to gather $525.00 0.9 $472.5()
infimnalion.
BARFAR Reyiew DIP and (Ither loan documents. $450.00 28 S!.260.00
BARFAR Continue to review DIP and other loan $450.00 04 $18U.OO
agrecmcllIs.
3!29/2009
BARFAR Initial review of til<: D1P operaling budget. $45Q.OO 0.4 SHWOO
BARFAR Rcscurch and review precedenl DIP financing $450.00 Vi SI.liO.OO
terms including rates and fees
3/30"2009
SWARAM RC-V1CW of lim! ien Alaska credit agre''fflcnt. $525.00 1;\ 5735.00
SWARAM Rcvic\\ uflirstlien Beta agreement. $:;25.00 1.7 $89250
SWARAM RI:view of second lien ,\laska agreement. $525.00 1.3 $682.50
SWAR.\M Review of DIP agreement. $525.00 U $682.50
SWARAM Reconcile and map credit agreements back 10 $52S.()() 1.4 $735.00
credit schedules.
(iODSAM Review ofml' excel model. $450.00 1.6 ::!ino.oo
GODSAM Review and analysis Qf current DIP forecast. $450.00 2.1 $945.00
GODSAM t'.-1c<:1 with DIP Ilm:cast $450.00 0.6 S27U.()()
Kt--:NJEF Pcrii1fl1l research about Pacific Energy DJI> S575'()O UI $575.()O

OLEGEO Perform research concerning the oil Industry. $295.00 ().5 $14150
Review interest calculations. $450.00 0.5 $225.00
BARFAR Continue to review DIP and other loan S450.00 10 $4S().()()

BARFAR Rcvisc survey of D[P financinl,!s. $450.00 2.9 $\305310
BARFAR Continue to visl.' stm'1:Y ofDlP $450.00 2.9 $\.305.00
BARFAR Prepare and initial data request. $450.00 0.2 $9000
BARFAR Review comparable DIP tillllncings. $450.00 15 $675.00
3/3112009
SWARAM P"''flare update memo sent to legal counsel $525.00 2.1 $1.1()2.50
concerning findings from credit facilities.
budget and assets.
SWARAM Conlinue to rcc<>ocilc and map cf{;dit 5525.00 1.3 $6K25n
agtecmcllts b;-\ck til credit schedules.
SWARAM Prepare DIP summary. $52S()(1 ()7 $36750
SWARAM Anal)7.eopcratint, budge!. 552S(JO 1.1 $577.50
SWAlV\M Prepare ilnd review DIP $52500 2.3 $1,207.50
GODSAM Pcrlhrm sensitivity analysis of pricing and $450.00 23 SI.O,35.00
production on borrowings.
GODSAM Pc:rform sensitivity of AIll$kan cash $450.00 0.7 $315.00
flows and impact on borrowings.
GODSAM Review ofpcoduclioll decline curves. $450.00 I.::! $540.!)()
Page 1 of 12
Friday, July 10. 20()9
Pacific Energy Resources
COMPLETE ACCOUNTING OF TIME
BY CATEGOR\' BY DAn;
March 26,2009 through May 21, 2009
DATE DESCRIPTION RATE HOURS VALUE
GODSAM Review ofoil lind gas pricing. a,sumptions 1,5 $(\75,00
including research of historical prices (lnd the
forward
GODSAM Review and calculate royalty rates, S450.00 16 S72000
GODS,\M Meeting with DIP Ibrecast modeler on pricing $450.00 0,6 $270.00
and p!oducti<:m decline curves.
(;O[)SAM Analysis of production decline curve. $450.0l) 1.9 $855.00
KENJEF Further resea!ch and analysis about Padfic 557500 10 $57500
Energy DfI' agrecmL11ts,
MCCCUR Review First Lien Credit Facility (CA) $575.00 IA $805()(J
MC('CUR Review proposed DIP credit agrCl.'lllcnt and $;75,()O 1.6 $92(1,00
First Lien Credit Facility (Aq
BARFAR Continue 10 review DIP llnd (Jlher loan $450.00 1.4 $63IHJO

HARrAR Continue 10 research comparable DIP $450.00 2'J $1,305.00
linaneings and raIL'S
BARPAtt Continue to review interest $45().00 2.9 S1,305.00
BARFAR Reconcile daHl request with in fomllltion $4S0.00 0.3 S13500
received,
BARFAR Revic\\> precedent oil and gas secured financing $450.00 15 $675.00
interest mt'''S.
4Ilf200!)
SWARAM ('all with Dcloitle survey team to discuss DIP $525.00 0.1 $52.50
survey.
SWARAM Discussion with J. Kennedy and C. M!;('lilm $525.00 0.6 $315.00
rcgarding valuation of Alaska assets,
SWARAM Perform analysis of debt facilities. S525.()O 2.1 $l.102.S0
SWARM,,! Research and analY/.c DIP 5UrYcy. $525.00 19 S997.50
SWARAM Prepare asset list schedule. $525.00 L2 $630.00
SWARAM Prepare for and review of DIP budget analysis 5525.00 1.2 $630.00
with F. Barra and Steptoe & Johnson.
GODSAM Create asset listing of PERL and l'EAO. S"50.00 1.4 $6';0.00
GODSAM Adjust DIP forecast for differing assumptions, $450.00 2.2 $990.00
GODS;\lI.{ Perform sensitivity analysis around SG&A and S4S0.00 2.5 $I.l250()
capital including in dcpth review
o/'SG&A
GODSAM Review reserve reports. $450,00 2.0 $900.0()
GODSAM Review capital expenditures and gr(m1h plan. S4S(),()O UI $810.00
KENJEF Discussion with It Swamy and C McClam $575.00 0.6 $345.00
regarding Alaska assets.
MCCCtJR Review, edit and revise preliminary summary $575.00 1.8 $l,(l35.00
ofterms an.d Tilles drafted by R Swamy
detailing all prcpc1itilln d.:bl
MCCCUR Edit and revise DiP survey (If interest rates and $575.00 1.6 $92(),OO
linancmg terms covering DIPs since 2008
BARFAR Review Dfr budget and financing an.llrsis ",ilh S450.00 0.7 .$315.00
Stcpl4>c &. Johnson and R. SWllmy,
BARFAR R=arch comparable oil and gas OJ!> S450.00 2.9 $U0500
financing> and interest rates.
Page 2 of 12
Friday, July 10. 2009
Pacific Energy Resources
COMPLETE ACCOUNTING Of' TIME
BY 8\' DATE
March 26,2009 throu2h May 21! 2009
DATE DESCRIPTION RATE HOURS VALUE
BARFAR Review information in E-room and reconcile $450.00 OJ, $270.()O
with infOrmation request list
BARFAR Continue to research comparnhlc oil and gas $450.00 1.2 $540.00
DIl' firlllOclng5 and inierest rates.
BARFAR Review reserve report summary. $450.00 0.2 $90.00
MCCC\fR Call with Deloittc survey temn to discuss DIP $575.00 0.1 $5750
survey.
MCCCUR Discussion with 1 Kennedy and R. Swamy $$75.00 0.6 $345.00
regarding valuatioll of Alaska assets.
4/2!2009
SWARAM Perfonn debt lacility analysis. $525.00 2.2 $1.l55.()O
SWAIMM Review revised DIP operating budget. 552500 09 $472.50
SWARAM Prepare for and participaic in internal $525.00 1.6 $840.00
discussion regarding DJl> budget analysis and
ddivc:mbles.
GODSAM /I.'lake adJusllnCnl'i to revised DIP forecast 5450.00 2.1 $945,.Q1.1
modeL
GODSAM PR'PaIC for Md intmllal discussion regarding 5450.00 1.8 58iO.()()
DU' budget analysis and deliwrablcs.
KENJEF Review of indications. 5575.00 2.9 $l,6Ii7.50
MCCCUR Prepare lor and internal discussion regarding 5575.00 1.6 5920,(){)
DIP budget analysis and dclivcrahlcs.
4f3!20()9
SWARAM Analyze and revise DIP operating budget $S25.00 1.2 $630.00
SWARAM Review royalty issues ami respomcs fmra CRO. $525.00 0.7 $36750
GODSAM DiSCUSSion with DIP modeler lind R. $450.00 0.6 $270.00
Swamyon chllllgcs to DIP forecast mouel
(actual to estimate complvisQJ1).
GODSAM Prepare for Ilnd rrn:eting to discms DII' model $450.00 OJ! $360.00
with J. Kennedy and R. Swamy,
OODSAM Revise DIP model with difT1:rcnt oorwwing $45000 1.8 $&10.00
assumptions.
GODSAM l'erjilrm sensitivity analysis around pricing. $450.00 2.9 $1.305.00
production, selling, general and (wministmtivc,
and
KENJEF Discussion with S. (ilidwin and R. Swamy S575.00 0.5 S287j(J
regarding DIP Illodel.
MCCCUR Review, comment, cdit and finalize DIP $575.00 2.7
sensitivity lIllarysis. DIP survey, valuatmn
anulysis, loan summary lind
SWARAM Discussion with C. regarding DrP $525.00 0.9 $472.50
racilityanalysis.
MCCCllR Discussion wilh R. Swamy regarding [)IP $575.00 0.9 $517.50
faci lity analysis.
SWARAM [)is'lission wilh DrP modeler and S, $525.00 0.. 6 $) IS.OO
Godwin on to D!P lorecast model
! actual to estimate comparison).
SWARAM l>rcparc lor and meeting 10 discuss DIP model S52;()() 0.6 $315.00
with J. Kl'1llledy and S. Godwin.
414i2009
Page 3 of 12
Friday, July 10, 2()O9
Pacific Energy Resources
COMPLETE ACCOllNTlNG OF TIME
BY CATt:GORY BY DAn:
Marth 26,2009 througb May 21, 2009
DATE DESCRIPTJON RATE HOURS VALm:
GODSAM Continue 10 revise DIP forecast model. $450,00 2,0 $90000
416!2(}()'l
BARFAR Prepare summary analysis Qfkey lindings $450.00 2.5 SL!25 00
regarding DIP financing,
BARFAR Review interest rat.: \i.'ffi1S for comparabl\! oil S4S0,OO 15 $675,00
and gas DIP tillancings,
4m2()09
SWARAM Anal)"l.e key issues related to narratives, $525.0{) 2.2 $1,155,00
SWARAM Prcpnre request of original DIP budget from J $525.00 il2 $105.00
DelConte,
SWARAM Pcrf(lfm high lewl mapping ofdeclararion $525.00 J.2 $630()()
including document skeleton.
SWARAM Reconcile seclInd hell debt. $525.0() l.3 $682.50
SWARAM Analy-I.c the make-whole payment and S525 00 Ll $57750
conversion fcc payment.
SWARAM Creare summary of impact of all of the DIP $525,00 1.9 $99750
related arguments.
SWlIRAM Summarize the debt fadlity transaction history, $525,00 1.3 $945.00
GODSAM \)iscussiol1 regarding production levels with J. $450.00 0,4 $18IU)()
Kcnncdy and It Swam!"
(K)DSAM Conduct oil and gas industry research, $450.00 0.8 $36!U){)
KENJEF I'rq}are lbr nnd discussions regarding $575.00 1.0 $575.00
produl:tionlcvcls with S. Godwin and R.
SWOImy.
BARFAR Review current interest rates. $4S{),()() lJ.4 $1&tl.OO
SWARAM Discu>sioll regarding prodocti\)n levels with. ], $525.00 0.4 $2iOO()
Kennedy and $, Godwin,
.J!8i2009
SWlIRAM Review of pmposed operating hudget not yet $525.00 1.2 $630.00
filed,
SWARAM Continue drafting the declaration, $525.00 /.0 $840.()O
SWARAM Prepare interpretation of paragraphs related to $525,00 1.1 $577S(l
the Beta eam out
SWA1{AM Continue to prepare and update declarJlion, $525.00 2.2 $U55,OO
GODSAM Reserve study methodOlogy discussion with 1. $450.00 0.5 $225.00
Kennedy,
KENJET Discussioll wtth S. Godwin regarding rescrve S575,Q(l 0.:5 $287.50
study methodology.
MCCeUR Review updated nip survey. $575,(jO 1.2 1690.(}O
BARFAR Revi.::w DiP and loan agrcenH:nts for mechanics $45000 2.9 $1,JOS.nO
of conversiun fcc, cam out. and make whole
payment
BARFAR Cal.ulate conversion fee. S4S0.00 0.2 S9{).OO
U,\RFAR Continue to rev k,"W DIP and loan $4S0.(lO 29 $1)05.00
1hr mechanics of conversion fee, cnrn out, and
make whole payment
BARFAR Cal.enlale mak.: whole paymCllI. $4S0.00 0.2
BARFAR Rev iew DII' operating budge! !llOd.::1. $450.00 OJ $135.00
Page 4 of 12
Friday. July 10,2009
Pacific Energy Resources
ACCOUNTING Of'TJMt:
BY CATIWORY BY DATE
March 26, 2009 through May 21,2009
DATE DESCRIPTION RATE HOURS VALUE
4/9f2009
SWARAM Make revisi,ms to the dcclnrntion. $525.00 2.2 $1,155.00
SWARAM of lina! DIP documents J1tcd in court. $525.00 1.& $945.00
SWARAM Review of logs and cmails p(:naining to $515.00 0.8 S420.00
marketing of the DI]>.
SWARAM Continue to make revisions to the declaration S525.00 1.4 $735.00
to incorpoHilc changes.
SWARAM Revise d,,'CIMatlon 10 incorpordte language $525.00 1.5 $78750
related 10 make wholes and conversion fce.
SWARAM Meeting wi.th J. Kennedy and C M(;Clam $525.00 1.9 $99750
regarding \'lIluation concerns.
GODS,\M Revkw rt;port. $450.00 1.3 $585.00
KENJI'F Mt;Cting wilh C. McClam and R. Swamy $575.00 2.0
regarding valuation concerns.
HARFAR Prepare make whole pll)o1ncnt, out, and $450.00 2.9 SUUS,OO
COl1vcf':Ilon fee calculation exhibits,
BARI'AR Review commitm.:nt f,-e lind facility fcc. $450.00 0.5 S225.0()
MCCCUR Mccting with R Swamy and 1. Kennedy $5iS.OO 1.9 $1.092.50
rcganling valuation l'<mccrns.
4i!O/2009
SWARA.M Make additional rc,,;,i(llIs to declaration. $525.00 2,2 $1,155.00
SWARAM Calculate interest in schedules. $525.00 L3 S68::.50
.sWAi<AM Continue to rcyise the declarati(ln, SS25.00 0,(, $315.00
SWARAM Im;orporatc chang<."S 10 declaration provided by $52500 0.7 $36750
C. McClam
SWAR/\,'-'1 Revise the D1I' budget IInalystl to incorporate $525,00 1.9 $991.50
later budget that was filed,
SWARAM Prepare for and discussion with C. McClam $525.00 U.S $420.00
and J. Kennedy regarding strategy and
dedaratlon around report.
GODSAM Comparl! prices in cases. $450.00 0.8 $J60.00
KENJEF Prepare for l!l1u discussion with R. Swamy and S575.00 1.2 $690.00
C. McClam reg,arding, and declaration
aroll rid reserve report
MCCCUR Prepare 1(,( and discussion with J, Kennedy and $575.00 (),9 $SI7.50
R. SwanlY regarding stratcgy and declaration
around rcp<.>tt.
BAR FAR Calculate and prepare analyses on conversion $450.00 2,9 SUOS,Of)
fee and make whole payment.
BARl'AR Continue l() enlculntc and prepare on $450.00 0.6 S270,OO
conversion fce and make whol.: payment
4/l1f2()09
GODSAM Discussion regarding testi111{my SUnlmary of $450.00 L3 $Sg50()
caw with 1. Kennedy.
KENJ!:F Prepare Illr and disi:usslon with S. Godwin $,75.00 1.5 $862.50
r...-garding testimony summary of case.
4/13/200<)
SWARAM Add new sections and tables to the declaration. $525.00 0.9 $472.50
Page 5 01'12
Friday, July l!},20()t)
Pacific Energy Resources
COMPLt:'n: ACCOUNTING OJ; TIME
BY CATEGORY BY DATE
March 26,2009 through May 21, 2009
DATE DESCRIPTION RATE HOURS VALUE
SWARAM RCWMk budget in declaration to include $525.00 OS $42t)l)O
September 10 amortization
SWARAM Oiscussioo regnrding rCS<!fVC report format and $525.00 0.7 $367.50
summary with S. Godwin.
(iODSAM Discussion regarding n."SCnc report fNmlll and $450.00 0.7 $315.00
summary with R. Swamy.
MCCCUR Rcvit:w. cdit and reviS<! McClam declaration in ')575.00 1.6 $92(J.O()
support ofobjection to HIP linancing.
4/21!2009
SWARAM Work on I'ERL and address Stcplo.: & JolUlson $525.00 0.4 $2W.OO

4122/2009
SWARAM Review or DIP motion and changes. $52:;.00 0.4 $21000
SW,'\RAM Make add.itionul cdi15 !O declaration. $525.00 0.8 $420.00
4/23!2()()9
GO!)SAM Assist K. Rue lhr testimony. $450.00 0.9 $405.0U
.\;'2.\120()9
(;O[)SAM RCSClltch WTl spot pri,c. $45(J.OO 02 $9IJJ){)
RUEKEN notes, analyses and docUllR.'Il1S and $525.0\) U $787.50
return to tell({) lor revisions and updates.
5fo/200<)
KENJEF RC"lO!W new reserve inlimnation. $S7S.00 08 $460J)O
5;7/2009
GODSAM and compare Socil)!y of Petroli:.'um $450.00 0.6 $270.00
Evaluation Engineers adjustments to
sCllsitiyity >c\1cduIL'S and Alaskan Operations
''''Ports.
OODSAM Amcnd SUlllmary Ibr adju.stment factl\r5 and $450.00 2.2 $<)90.00
tying OUl summary sensitivity schedule to
supporting: data.
CiODSAM Review a.'1d Alaskan Operations $450.()() IS $675.00
f<1>ort:;
KEN)EF Review reserve information and update lA)!fo $S75.00 2.9 SI.667.5()

SWARAM Rt'Vicw revised declaration. S525.()() ()8 $420.00
5!lO!2009
MCCCUR Review mings, nnalysis, nnd related documents $575.00 25 $1,437.S()
in preparation (lftcstimony to support
Committcc's objection to DIP linancing,
scheduled for May 13ill.
5!! 1!2009
SWARA;',,1 Addlt"S5 additional concerns fwm Steptoe & $S25.00 0.9 S472.S0
Johnson.
SWARAM Review and continue to rt'Concile Jirstlkn debt $:'25.00 2.! $ l,l 02. 5(J
SWARAM Additional review of lirst lien Beta agreement $525.00 2,2 SUSS.DO
5!12J2001)
GODSAM Work on analysis of sensitivity amltysi, and $450.00 2.1 S945.0(J
clarity iS5!ICS for attorneys.
5/1412009
Page 6 of12
Friday, July 10,
11acitic Energy Resources
COMPLETE ACCOllNTING OF TIME
BY CATE{;ORY BY DATI!;
March 26,2009 tbrough May 21, 2009
DATE DESCRIPTION
MCCCliR Review missing pieces of informalion in
preparation for my tllstimony; compile notes
and continue to prepar.: for lestimony.
SWARAM Review actual to budget analysis.
SWARAM Research mto sections of DIP 10 lind sentenccs.
SWARAM Make additional edits and review of dcc!arutlOn
SWARAM Analysis (If conversion Icc language.
5J! 8!2()O')
5WARA!.1 DIP and prepare for Ole
nearing, including rc\';cw ofappendix of
motiol!.
51!9f2009
SWARAM R(.'Scarch and interest payments 90 days
prior 10 petition dale.
Sub-Tolailhr DIP racilil), Matters (J 61 delHil records)
44 - Firm Retention
3/30l'200l)
MCCCUR Discussion with R. Swam),. CommiUcc
counsel, F, Augusti and R. Itkin from Steptoe
& Johnson rllJ?lll'dinll retention
MCCCUR Draft retention documents, including
engagement !eller .. dcclaraliun, and general
.md conditions.
MCCCUR DiscllSs nondisclosure agr<.'Clllcnt with
C\immiltcc counseL
SWARAM DiscussK1n "ith Commiuee enunse\, F.
Augusti, C. McClam, and R. Itkin from SIePlllC
& Johnson regarding rek'11tion.
4/9/2009
Continue 10 finalil,c retention documents.
Sub-Total for Fiml (5 detail records)
50 - Meeting wfCounsel
3l27/2()O<)
SWARAM tor and participate in kick-oil' call with
R. Itkin, C McClam, F. Augusti, and K. I'lpI:r
10 ,!.>ordinate case.
Bi\RFAR Review work plan with attorneys.
MCCCUR Prepare lor llnd participate in kick-oil' call with
R. Itkin, R, Swamy, F. Augusti, and K. i'iperto
Ct)(1fliinate case.
3:'311'2009
SWARAM PNJlarC for and paIlicipale in call wllh
Canadian legal cQunse! regarding Canadian
bankruptcy proceeding.
4/112009
Page 7 ()f J2
Friday, July 10.2009
RATE
5S75J)()
5525,00
$525.00
$525.00
$525.00
$525,00
$525,()O
$575.00
$575.00
$575.00
$525.00
5575.00
$525.00
$450.00
$575.()()
HOURS
1.8
:u
0.9
OR
2.4
1.4
04
219.1
0.3
2.2
1.9
U.8
10
6.7
0.9
0.7
(),t)
0,.'
VALUE
$1,O3."()()
SU55J)()
$472.50
$42(t()()
$L260.00
$735.00
521O()()
S 109,865 .ill)
$460.00
$1.26500
$1,092.50
S420.00
$575,00
$3,8125j)
5472.5()

$517.50
$262.50
Pacific Energy Resources
COMPLETE ACCOlJNTlNG Of'TlME
BY CATEGORY BY DATE
March 26,2009 througb May 21,2009
DATE DESCRIPTION
SWARAM Prepare for and call to discuss debt facility
analysis with SIt:ptoc & Johnson and C.
McClam,
MCCCUR Prepare l'or and call II) discuss debt facility
analysis with Steptoe & Johnson and K Swamy,
41212009
SWARAM Prepare IOf and tall with Steptoe
C, McClam, 3Jld j Shreve to
discuss the sale and timing ofassets in the oil
industry and the current marketplace for selling
oil
M('CCUR Prepare thr and tall with F. AUZUSli and R,
Itkin from Steptoe, It SW'afnY and j. Shreve to
discuss the sale and timing of assets ill the oil
indust/'}. and the current marketplace for
$Clling oil assets-
SIIRJf'O Prepare I(lr nod call with r, Augustj and R.
Itkin from Steptoe. R. Swam)" and C. McClam
to disCllSS the sate and timing of assets in the
oil industry and the current marketplace lor
selling oil asst.1S,
4:6/2009
SWARAM Prepare for and participate in conference call
with legal coull.d, J. Kennedy and C. McClam
regarding varioUS
SWARAM Prepare for and update call with legal counsel
and Deloitle staff regarding DII' budget.
KENJEF Prepare fiu lind discussion with It S\\1Uny, C.
McClam, and legal cIllnlsel regarding reports
andanalyscs
MCCCUR Prepare Ibr and con ference call with J
Kennedy, R. Swamy, and R. Itkin and K. Piper
to rc\llCW lind discuss vurious analysl.'5 and
repurts,
MCCCUR Prcpare 11.)( and update call with lega! wunse!
and Dcioitte starr reg'Mding DIP budg<.t,
417!2009
SWARAM Prepare for and conference call with R, Itkin,
C. McClam, lmd !(, Piper regarding declarat.ion.
MCCCUR Prepare tor and conference call wilh R, Itkin,
R, Swam}. and K, Piper at Steptoe & Johnson
regarding declaration.
4j1312009
SWAR!l.M Prepare for and review call with K, Piper and
('. McClam regarding (kclaraticm,
KENJEF Prepare fOI and discussions with J, Taylor nnd
K, Piper regarding reserves.
MCCCUR Prepare fhr and discussion with K. Piper and R,
SWlUl1Y regarding declaration,
SWARAM Pr"1JllJ'l: for :lIld discussion with attorney
reganiing reserve reports
4(1 !I::!O()9
I'age 8 of 12
Fnday, July JO, 2009
RATE
$525.00
SS75.00
$$25.00
$575,()O
$575.00
$525.00
$52S()()
$575,00
$:;7:;.00
S575.00
$525.00
$575.00
$525.00
$575.00
$575,00
$525.00
HOURS
0.4
OJ
VALUE
S21O,OO
$17250
2,1 $1.102,50
2.2 SU.t1500
2.0 SI.!5(J,(jO
1.6
2.1
2.0

$840.00
$1,102.50
$1,150.lX)
$ L092jO
18 $1.035.00
1.5
14
$787.50
nos,oo
03
23
OJ
1.&
$157.50
51.32250
)172.50
$945,(){1
Pacific Energy Resources
COMPLEn: ACCOUNTING OF TIME
BY CATEGORY BY DATE
March 26,2009 through May 21, 2009
DATE DESCRIPTION RATE HOURS VALUE
KENJ!'F Prepare for ruld discussion with J Taylor
regardi IIg logistics..
4/24/2009
KENJl'F Prepare lor and discussion with 1. TIwlor. C
!'vkClam, and R. Swamy regarding case facls,
MCCCUR Prepare for lind conference cull with 1. Taylor,
1. Kenuedy, and R. Swam}, regarding
to DIP tilllmcing.
SWARAM 1'rep:lFc for and discussion with 1. Taylor, J.
Kcnnedy, and C. McClam regarding caw facts.
MCCCUR Prepare for and conlcrencc can with J. Taylor
and R, Swam)' 10 review questions regardillg
my testimony and preparation for testimony.
SWARAM Prepare for lllld conference call with J. Taylor
and C. McClam to n:yiew regarding
my tcstimony and preparlllioll for testimollY,
SubTom! for I\kcting w;Cmmsc! ('26 detail records)
52 - Non-Working Travel Time
.>I29!20()9
SWA[{AM Trnvci time \() Pacific Ellergy oflicc,
3130/2009
Traveltimc to Pacific Energy office,
4/2/2009
GODSAM Travel time !'rum Paeitic Office,
4/3/2009
SWAKAM Travel time from Pacine office
Sub-Total for Non-Wllfking Travel Time (4 detail
61 - Mtgs/Calls wlDebtor
3J27!2009
SWARAM Prepare for and call with M, CaY! and C.
McClam 10 discuss data request.
MCCCUR Prepare for and call with M. Cervi and R,
Swam), to discuss data request
3/30/2009
SWAKAM Prepare for and meeting with K. Tommnslllli
and C McClam to disCIiSS debt schedules.
SWARAM Prepare for and meeting with C Md:'larll and
M, Cervi to diseliSS DIP,
MereUR Prepare for and meeting with K. Tommosoni
and R. Swam}, to discllss d(.ilt schedules.
MCCCUR Prl'Plll'l: for and me,,'ting with M. Cervi Ilnd R.
Swamy to discuss DIP.
3/31120(1)
SWARAM Prepare for and meeting with Pacilic Energy to
discuss
Page 9 of 12
Friday, luly HJ, 20()<)
$57500
$575.00
$575,00
$525,()O
$575,00
5525.00
$525.00
$450.00
$450.00
$$25.00
$525.00
5575,00
S525.()O
5525.00
$575.00
5575,00
$525.00
u $747.50
24 SI,380.00
1.9 $1,09250
U $94$,00
0.4 S23000
OJ $15750
)5.1 $19,430.00
6'" $3,517.50 .1
4.6 S2.07(J,OU
4" $1.!i9(1,OO
6,7 S3517.50
222 $IO.'.l95.0()
0.2 SI05J)O
(1,2 S!l5J){)
0.7 $367.50
lIA S2HlOO
(),5 $287,50
0.3 $17250
(I,g $42(J.OO
Pacific Energy Resources
COMPLETE ACCm:NTJNG OF TIME
BY CATEGORY BY DATE
March 26,2009 thrQU2b May 21, 2009
DATE DESCRIPTION
1\1CCCUR Prepare for and meeting with Pncific Energy to
discuss asset"
4/l12009
SWARAM f'reparc for and meeting with m:asurer and C
McClam J() debt facilities,
MCCCUR Prt'PilrC jbr and meellllg with treasurer and K
Swamy In d.:bt racilitic:;
4/2/2009
SWARAM Review the debt 811al;'5i5 with c1 lent and make
edits to document
4.:812009
SWARA'vl Prepare ti1r and call with J. Kennedy. C.
McC1am, and F. Augusti to discuss reserves.
KENJEF Prepare for and discu55Kms regarding reserves
with C, McClam, R. Swamy and F. I\ugusti.
BARFAR Review make whole payment with 1 Kurilz
and K Swamy
Review cnm (lut mechanics on Beta facility
with J. DelC()nte.
MCCClJR for <md call with K Swam)" J.
Kennedy. and F. i\ugusti to discuss
SWARAM Review Illake whok payment with J. Ktnitz
and F. Barra
516120()<)
GODSAM Revkw and discussion with Z, Coopt'r and R.
Swamy regarding sensitivity llJlalyses
conducted by and Z, CoopeL
SW:\RAM Discussl\1n with L Cooper lind. S. Godwin
regarding sensitivity analyses conducted by
management ood Z. CoopeL
5!8120Q9
GODSAM Discll5sion with K Swamy IlJld Z. Cooper
regarding for Beta
SWARAM Discussion with S. \JOdwin and Z, ('AJOpcr
regarding changes for IJet>! assets,
Sub-TNal for t.!tg$ICails w/Debtor (21 rccords)
65 - [nfo Request & Related Matters
3!27120()9
SWARAM uilta requcst list
3/30/2009
SW:\!{AM
411/2009
KENJEF Review uilla issues,
SubTnta! for Info Re<lul!sl & Rcclaled Matter:; (3 d"tail records)
68 - Fee/Expense Applications
41112009
Page 100fl2
Friday. July 10.2009
RATE
$575.00
$52HlO
$575.00
$525JIO
$525.00
$575.00
$450.00
$450J)O
$575.00
5;25.00
$450.00
$525.00
$4S().OO
5525.00
S525.()O
$525.00
$575W
HOURS VALUE
0.5 $287.50
13 $682.50
U $632.50
I"' .J $682.50
OJ; $420.00
LO $575.00
0.2 $90.00
0.2 $90.00
0.1> S345()()
02 $[05,00
2.6 $U70.00
:!l $1,102.50
03 $U5()()
().J $15750
15,6 $&.152.50
1.6 S840.00
0.'1 $2iOJ)()
0.5 .$287.50
2.5 SI.33750
Pacific Energy Resources
COMPLEn: ACCOUNTING Of'TIME
BY CATEGORY BY DATE
Marth 26.2009 through May 21.2009
DATE DESCRIPTION
MCCCUH Review template and standards for accounting
IIlr fees in Chapter II adminislration.
4iW2009
GIl:rIN !AJ\\1!1oau n.'C;; andexflCns.:s Irom (porting
system.
4i10l2009
(]!l:rIN Review supporting schedules for billing data
ami r..-move cmries,
4/2412009
GlLTlN Update billing rato:s relaled 10 empluyee level.
"1I2RI2{)()9
<HI TIN Edit suppurting schedule fl)f ICeS 10 be included
in mumhly fee
5i20/2009
DUNSEA Edit supporting fbr 1i.'Cs and prepare
email!; requesting updated ofsamc,
5l2!120{J<)
DlJNSEA Respond 10 c-mails regarding supporting
schedules and update cOIrunenlS accordingly.
Sull-Total lor Fee/Expense Applications {7 detail rcconls)
74 - J'lan, Supervise, Admin & Review
31261200<)
SWARAM Review of case tacts lbr kick-off can with C.

MCCCUR Review of facts for kick-oil' call with R.
Swamy.
3l:!SI20(N
SWARAM Prepare engagement workplan,
3130/2009
SWARAM Review w\1rkplan wiu, Ddoitt<:: team,
GODSAM Review bankruptcy documenK
MCCCUR Review workplan with Dcloit1c tcam.
]13112009
SWARAM Prepare for and participate in internal sllltus
cali with the Deloittc tc,ml.
GODS AM Participate in weekly internal !>tlltus team
discussion.
MCCCUR Prepare Illr and participate in internal status
call with Deloittc tcarn.
4/I/lOO9
SWAR,.\M Call with Dcloittc Icam to diSCUSS internal work
plan,
KENJEF Partici[Jatt in lutcOial meeting to discuss
various work plan products
BAR FAR [>rcpar\! lor and participate in inlcrnal mccting
10 discuss vat iollS work plan products,
RATE
$575.00
$70,00
$70.00
$70.00
$70.00
$295.()()
$29:'i.O()
5S25()()
S575.00
$525.00
$525.00
$45000
$:'75.00
$525.00
$450.00
$575.00
552500
$575.00
$450.00
HOURS VALlIE
0.4 $230.00
05 S35.00
OJ $21.00
10 $70.00
02 $1 ..1..00
2.8 S826.00
IJ S383.50
6.5 SI.579.50
J.I $577.50
I I $632.50
2.6 SI .. 36500
17 $89250
12 $54000
17 $977.50
18 $945.0()
II $495.00
L7 $977.50
03 $157.50
0.5 $287.50
06 $270.00
Page II or!2
Friday. July 10,
Pacific Energy Resources
COMPLETE ACCOUNTfNG or TfME
BY CAn:GOR\' BY DATE
March 26,2009 through May 21,2009
.DATE .DESCRIPTION RATE HOURS VALUE
416;'2009
MCCCUR
GODSAM
KENJ!:F
C.1I1 with DeJo.itlc team to discuss tntemal work
plan.
Prepare for nnd participate in intemnl statlls
,\isCUSSiOfL
I'[cpare fN aud pani;;ipate in intemalstalus
discussitlll,
$575.00
$4S0.0(l
$575.00
03
IJ
24
5172.50
$585.00
S\.3K(),OO
SublOlai lor !'Ian, Supervise. Admin & Review (15 detail records) 19.4 $IO,255,{)()
"'or CUTrent Scrvites Rtntkrtd 327.7 $165,427.00
Recapitulation
Timeh"cpcr Hours Rate TOla!
(iILL. TINA Y
DUNIGAN. SEAN MICI!AEL
o LEARY, GEORGE t-lICIIAE1.
HARRA, FARlDllA N
GOnWIN. SAMUEL J
RUE. KENNETH GREGORY
SWAMY, RAMESH
KENNEDY, JEFFREY W
~ K C L A M , CURTIS A
S.HRFVE, JED
2.0()
,UO
OSo
49.30
64.60
1.50
12780
2830
47.60
2,00
$70,00
$29:5,00
$29S,O(l
S4S0,()()
S45000
$525,()0
$525,00
$575,00
$575.00
$51;.00
SIl0,OO
$1,20950
$147.50
$22,185.00
S29,()70.00
S7l!7.50
$67,095,(){)
SI6,212.5()
S27.37(),OO
SU50.00
Total Current Work $165.4270()
Balance Due
$165.427,00
Page 12 of 12
l'l'idiIY, July 10. 2009
Pacific Energy Resources
COMPLETE ACCOUNTING OJt EXPENSE
BY EXPENSE BY HATE
March 26,2009 through May 21, 2009
DATE CATEGORY STAFF AMOUNT UESCRIPTION
3/2712009 179
3127!20{)9 179
312X120()<) 191
3/29,12009 180
3/2'1/2(J09 185
3!29/20()9 185
3 !29/2 O(}9 IS7
208
3/30120{)9 181
Jf3 0/2 009 185
185
3/30/2009 iSj
3/JOI20()9 185
3!30/2009 181
3!3()/2009 187
3/J0i2009 liP
3IJ()!2()09 187
3!30f2(l09 187
3f30.cO{)9 208
J/30!2009 20S
3/11/2{)O9 Illl
3!31/20()9 185
3i31/2009 185
313112009 185
3131/2009 185
313112009 187
31J1!200') ]87
3/.\ 1/200') 187
3/31/2009 187
3!J 1/2(){)9 181
)Ill/20M 20S
4/lf2000 181
Frillay, July Ut 2009
GODS AM
SWARAM
SWARAM
BARFAR
SWARAM
SWARAM
SWARAM
SWARAl'.1
BARFAR
GODSAM
GODSAM
SWARAM
SWARAM
BARFAR
GODSAM
MCCCUR
MCCCUR

GODSAJ,,1
SWARAM
BAR FAR
GOI)SAM
GODSAM
SWARAM
SWARAM
BARFAR
00D5AM
GODSAM
SWARMf
SWARAM
UOOSAM
BARFAR
$&73.40
$1,233.12
$47.73
$lnOO
5203.00
$3(1.52
$1.85
$12,95
512.00
$203.00
$30.52
$203.()O
530.52
$9.56
55.72
590.21
$SS,OO
54,58
$12,95
512.95
$IU)\)
5203,00
$30.52
5203.0()
$30.52
$98.92
$15JJ6
$7,64
5376
$2.00
$12.95
$I2.00
Airfare Ihr S. Godwin to Los Angeles, C,;\'
Airfare lor R. Swam}, to Los Angeics, CA
Taxi charges fl'om airport li.lr R, Swamy.
Mileage expense lhr p, Barra to Pacilic En<.-'!'!))'
office from Oclnitte Los Angeles office: r()ulldlrip
for 4 days (240 miles x $55 per mile)
Holel mom charge /()r R. Swamy in Los AngelL'S.
CA
Hotel tax fbr R. Swamy in t'{lS Angeles. CA
Snack for R. Swamy ill Los Angeles, CA.
HOlcllnt.cmclllcccSS fee lot R. Swamy
Parking lor F. Bar:ra. in Los Angeles, CA
(laid room charge for S. Godwin ill Los Angeles,
CA
UolcllllX for S. Gt'dwin ill Los Angeles. CA
Hotel room charge for R. SW!1my ill Los Angeles,
eA
\lotel tax for R. Swamy in Los C1\
Rrellkfas.t fur F. Rafra, R Swamy, and S. Godwin in
Los Angeles, CA
lor S. Godwin in Los CA
Dinner for C. McClam, R, SWllmy and S. Godwin
ill Los Angeles, eA
Lunch lor F. Sma, R. Swamy, C. McClam, and S.
Godwin in Los Angcles, CA
for R Swanl)' in 1.0$ Angeles, eA
Hotel Internet access II.'C tbe S Gn<iwin
HOLellmcmet fin R Swamy
I>arking for F, Biirrn in Los Angeles, CA
Hotel room charge for $, Godwill in Los Angd",:>,
CA
Hutel liJr S. Godwin m Los Angeles, CA
Hotel room charge for R. Swamy in Los Angeles.
CA
Hotcilax for R, Swum}, ill Los Angeles, CA
Dinner for F, Barra, R, Swam}. and S. O()dwin in
Los Angeles, CA
Break/a.t ll.l( $, Godwin and F. Barril ill Los
Angeles, CA_
Lunch f(\f S. Godwin in I.os Angeles, C A
SmICk lor R, Swamy in Los Angeles. C1\
Snack for R. Swamy in Los Angeles, C A
IJolcl Internet (l'l: for $, Godwm
Parking fbr F. Barn in Los Angeles. CA
Puge lof.1
Pacific Energy Resourtes
COMPnTE ACCOlJNTlNG OF
BY EXPJ<:NS.EBY DAn:
March 26,2009 through May 21, 2009
DATE CATEGORY STAFF AMOUNT DESCRIPTION
4/112()()9 IS5 SWARAlvl $203.00 lime! mom charge for R. SWllmy ill Lo, :\ng.elcs,
CA
4/1110()9 IS) SWARAM $30.52 lintel tax fm R. Swamy ill 1.0'; Angeles, CA
41 I120()9 187 BARFAR $24.67 Lunch for F. Elmll.. R. Swamy, lind S. Godwin in
1m Angek.'S, CA
4/1/l009 187 GODSAM $11.49 Breakfast for S. Godwin in Los Ange!..'S. CA
4/1/2009 187 GODSAM $960<) Dinner f,'r S. Godwin. C. McClam. and R. Swam}
in Los Angeles, CA
4;112009 208 S\VARAM $12.95 Hotel Internet aCC$S fee for R. Swam}
4i2/2009 179 SWARA.'>l $202.36 Airlilfc tor R. Swamy from! .os An!,!cics, CA to
Turont(" Canada (stay c.xt!-'l1sion)
4121200'1 187 SWARAM $4.12 Breakfast for R Swamy in Los Angelcs, CA
4i2/2<"()Q lIH SWARAM $17.97 lJinl1cr for R. Swmny in Los Angeles, CA.
4i2/2()()9 187 SWARAM $1252 Lunch fnt R. Swamy in 1,1.15 Angeles. CA
4/212009 I'll GOnSAM S73.00 Transpurtation to aiqxlTt for S. Godwin.
4/2/2(1()<) 1<)1 SWARAM $47.73 Taxi charges I() airport for It Swamy.
li3f2009 181 GODSAM $31.08 Airport parking for S Godwin
4f6i200'l 234 KENJEF $7.69 conference charges for J. Kcnncd>'
41712009 234 KENJEF S2.50 Vcrizon oonfcfclIcl! charges for 1. Kennedy.
119/2009 234 KENJEF $2.19 VcriZOll conference charges /(lr l Kennedy.
4il3!20(J9 234 MCCClJR $120.15 AT&T phune charges ft)r C. McClam,
4/23/2009 179 MCCCliR $1,833.20 Airlill'c for C. McClwn III Ddaware
5i6l2009 179 MCCCUR $203.00 ChWlgc fcc!rcticketing fcc lor C [vkClulII
511>i2{)09 179 SWARAM 520300 ctUlllg,C fceirctickcting fcc tbr R. $walllY
5/6/2009 234 MCCCUR S2.38 Vcriz:oll conference charges fix C. McClam.
517f2009 234 KENJ!:F SO. 56 conference n)r J. Kennedy.
5il21200i) 17'1 MCCCUR $203.00 Change feclrctkkc(illg fcc C. Mc:Clam
5!11!2()O<i 179 SWARAM $203.01) Change IccirClickcting fcc I(lr R. Swam},
5il2i200<) 234 MCCCUR $188 Vcrilon conference charges ttlr C. MCC!Wll.
5il3!20011 234 MCCCUR $O.J2 Vcriznn confcrL'Tlce charge:; for C McClam.
185 SWAf{AM $141.00 Hotel room charge for R. SI-ValU} in [,,)S Angele>.
CA
185 SWARAM $19.91 lIote! tnx f(lf R. Swamy in Los Angeles. CA
5117/2009 187 SWAR,\M $50.71 Dlnn<.'r Ill! R. Swamy in l.'(lS Angel<-'!>. CA
511 7l200<) ]87 SWARAM $24.47 Lunch for R. SWlIm}, in l.os Angcks, CA.
5!17l2009 191 SWAIUM $77.69 Taxi charges frolll airport for R. Swamy
185 ;i;WARAM $14100 Hotd mOil! ch!ltgc Rrr It Swam} in 1.0, Angeles.
CA
5il S120()9 185 SWARAM $19.91 Hote! tlL" for R. Swamy in Los Angeles. CA
5/lS!2009 187 SWARAM $5.00 BreakflL'it for R. Swamy in Los Angeles, CA.
5illif2009 187 SWARAM $48.00 Dinner lor R, Swumy in Lo, Angel... 'S. CA
Sil8120()l) 234 SWARAM $1.50 Vcriz{ln conference charges j(lr R. Swruny.
hid,,}. .Iuly 10.
Pacific Energy Resources
COMPLETE ACCOUNTINC Of' EXPENSE
BY EXPENSE BY DATE
March 26, 2009 t h r o u ~ h May 21, 2009
DAn: CATEGORY STAFF
5J19i2009 11\5 SWARAM
5/19/2009 185 SWARAM
511912009 187 SWARAM
51 I9f20()() 187 SWARAM
5120!2009 179 SWARAM
5/2012009 187 S\\'ARA.'vl
5l20l2009 187 SWARAM
5f.!Of20C9 191 SWARA),1
Tutnl Expenus
Total Current Work
Balance Due
AMOUNT
$141.00
$19,91
$5.42
$41.85
$1,513.58
$10.67
$3.45
$77.69
$9,758,99
$9J58,99
S9.158,(}9
DESCRIPTION
Hotel room chllrt.;\: for K Swamy in Lus Angcies,
CA
Hotel tax for R, Swam)' in Los Angeles, c,\
Breakfast Ibr R. Swamy in [.os Angeles. C,\
Dinner lor R. Swamy in Los Angeles, LA
Airfare lor R. Swamy 10 Delaware
Lunch tbr R. Sv.1\mY in Los Angcl\!li, CA
Snack for R. Swamy in lA'S Angeles, CA
Taxi eharges to airport rt Swamy.
Page.l of 3
Fndny, July 10,2009
VERIJ;"ICATION
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
Curtis A. McClam, after being duly sworn according to law, deposes and says:
I am a Restructuring Principal with the applicant firm, Dcioitte Financial
Advisory Services LLP.
I have personally led, as engagement principal; the professional services rendered
by De10itte Financial Advisory Services LLP as financial advisors to the Unsecured
Creditor Committee of Pacific Energy Resources LTD, and am familiar with the work
perfbrmed on behalf of the UCC by the financial advisors and professionals in the firm,
1have revic\\'cd the foregoing Monthly Application and the facts set forth therein
are true and correct to the best of my knowledge, information, and belief.
SWORN TO AND SUBSCRIBED before me this day ofJuly, 2009.
Notary Public, State of California
My Commission Expires: " " ' - " ~ r - ' - " ' ~ ' -


#11240376 v1
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE DISTRICT OF DELAWARE

In Re:

PACIFIC ENERGY RESOURCES, LTD.,, et al.

Debtors.
:
:
:
:
:
:
:
:
:
:
Chapter 11
Case No. 09-10785 (KJC)

(Jointly Administered)

Objection Deadline: 8/4/09 at 4:00 pm
Hearing Date: To Be Determined


NOTICE OF FILING OF FIRST INTERIM FEE APPLICATION FOR
COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF
EXPENSES OF DELOITTE FINANCIAL ADVISORY SERVICES LLP AS FINANCIAL
ADVISORS TO THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS FOR
THE PERIOD OF MARCH 26 THROUGH MAY 31, 2009
TO: (i) The Debtors; (ii) Counsel to the Debtors; (iii) The United States Trustee; (iv) Counsel
to the Official Committee of Unsecured Creditors and (v) other service parties set forth in
the Interim Compensation Procedures Order entered in this case.

Deloitte Financial Advisory Services LLP, Financial Advisors to the Official
Committee of Unsecured Creditors in the above-captioned case (the Applicant) has filed its
First Interim Fee Application For Compensation For Services Rendered And Reimbursement Of
Expenses Of Deloitte Financial Advisory Services LLP As Financial Advisors To The Official
Committee Of Unsecured Creditors For The Period Of March 26 Through May 31, 2009,
seeking compensation for services in the amount of $159,929.50 and reimbursement of costs
incurred in the amount of $9,758.99 (the Application).
PLEASE TAKE FURTHER NOTICE that objections or responses to the
Application, if any, must be made in writing and filed with the Clerk of the United States
Bankruptcy Court for the District of Delaware, 824 Market Street, Wilmington, Delaware 19801

-2-
#11240376 v1
and received by no later than 4:00 p.m. (prevailing Eastern Time) on August 4, 2009 (the
Objection Deadline).
Objections or other responses to the Application, if any, must be served so that
they are received not later than August 4, 2009 at 4:00 p.m. (prevailing Eastern Time), by: (a)
the Debtors, (1) Pacific Energy Resources, 111 W. Ocean Boulevard, Suite 1240, Long Beach,
CA 90802. Attn: Gerry Tywoniuk, Senior VP & CFO and (2) Zolfo Cooper, 1166 Sixth
Avenue, 24
th
Floor, New York, NY 10036, Attn: Scott W. Winn, Senior Managing Director; (b)
counsel to the Debtors, (1) Pachulski Stang Ziehl & Jones LLP, 919 North Market Street, 17
th

Floor, Wilmington, DE 19899-8705, Attn: Laura Davis Jones, Esq.; Fax 302-652-4400, email:
ljones@pszjlaw.com; (2) Pachulski Stang Ziehl & Jones LLP, 10100 Santa Monica Boulevard,
11
th
Floor, Los Angeles, CA 90067-4100, Attn: Ira D. Kharasch, Esq.; Fax: 310-201-0760, e-
mail: ikharasch@pszjlaw.com (c) the Office of the United States Trustee, J. Caleb Boggs
Federal Building, 844 N. King Street, Suite 2207, Lock Box 35, Wilmington, Delaware 19801,
Attn: Joseph McMahon, Esq. and (d) counsel to the Creditors Committee (the Committee),
(1) Steptoe & Johnson LLP, 2121 Avenue of the Stars, 28
th
Floor, Los Angeles, CA 90067,
Attn: Katherine C. Piper, Esq., Fax 310-734-3173, e-mail: kpiper@steptoe.com and (2) Pepper
Hamilton LLP, Hercules Plaza, Suite 5100, 1313 Market Street, Wilmington, DE 19801, Attn:
James C. Carignan, Esq.; Fax: 302-421-8390, e-mail: carignaj@pepperlaw.com, (the Notice
Parties).
A HEARING ON THE APPLICATION shall occur at the convenience of the
Court before the Honorable Kevin J. Carey, at the United States Bankruptcy Court, 824 Market
Street, 5
th
Floor, Courtroom No. 5, Wilmington, Delaware.

-3-
#11240376 v1
IF YOU FAIL TO RESPOND OR OBJECT IN ACCORDANCE WITH
THIS NOTICE, THE COURT MAY GRANT THE RELIEF REQUESTED IN THE
APPLICATION WITHOUT FURTHER NOTICE OR HEARING.
Dated: July 15, 2009 PEPPER HAMILTON LLP

/s/ James C. Carignan ___
David B. Stratton, Esq. (DE No. 960)
James C. Carignan, Esq. (DE No. 4230)
Hercules Plaza, Suite 5100
1313 N. Market Street
P.O. Box 1709
Wilmington, Delaware 19899-1709
Tel: (302) 777-6500

And

Francis J. Lawall (PA No. 43932)
Bonnie MacDougal Kistler
Nina M. Varughese
3000 Two Logan Square
Eighteenth and Arch Streets
Philadelphia, PA 19103-2799
Telephone: (215) 981-4000
Facsimile: (215) 981-4750



Delaware Counsel for The Official
Committee of Unsecured Creditors