UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE

In Re: PACIFIC ENERGY RESOURCES LTD., et al.,

Debtors.

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Chapter 11 Case No. 09-10785 (KJC) (Jointly Administered)

FEE AUDITORS FINAL REPORT REGARDING FINAL FEE APPLICATION OF DELOITTE FINANCIAL ADVISORY SERVICES, L.L.P., FOR COMPENSATION AND REIMBURSEMENT OF EXPENSES FOR THE PERIOD OF MARCH 26, 2009 THROUGH AUGUST 31, 2009 This is the final report of Warren H. Smith & Associates, P.C., acting in its capacity as fee auditor in the above-captioned bankruptcy proceedings, regarding the Final Fee Application of Deloitte Financial Advisory Services, L.L.P., for Compensation and Reimbursement of Expenses for the Period of March 26, 2009 through August 31, 2009 (the Application). BACKGROUND 1. Deloitte Financial Advisory Services, LLP (Deloitte), was retained as financial

advisors to the Official Committee of Unsecured Creditors. In the Application, Deloitte seeks final approval of fees totaling $206,554.001 and expenses totaling $12,407.942 for its services from March

We note that the total of the fees requested in Deloittes prior interim applications is $206,554.00. There were no reductions recommended by us or ordered by the Court for the prior interim periods, which are discussed in more detail in paragraph 4. We note that the Court has ruled on the First through Sixth Interim Periods. We note that the total of the expenses requested in Deloittes prior interim applications is $12,407.94. There were no reductions recommended by us or ordered by the Court for the prior interim periods, which are discussed in more detail in paragraph 4. We note that the Court has ruled on the First through Sixth Interim Periods.
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26, 2009, through August 31, 2009 (the Final Application Period). 2. In conducting this audit and reaching the conclusions and recommendations

contained herein, we reviewed in detail the Application in its entirety, including each of the time and expense entries included in the exhibits to the Application, for compliance with Local Rule 2016-2 of the Local Rules of the United States Bankruptcy Court for the District of Delaware, Amended Effective February 1, 2011, and the United States Trustee Guidelines for Reviewing Applications for Compensation and Reimbursement of Expenses Filed Under 11 U.S.C. 330, Issued January 30, 1996 (the Guidelines), as well as for consistency with precedent established in the United States Bankruptcy Court for the District of Delaware, the United States District Court for the District of Delaware, and the Third Circuit Court of Appeals. DISCUSSION Final Application Period 3. The Application raises no new issues requiring further inquiry. Prior Interim Periods 4. We note that we previously filed the following final reports for Deloittes prior

interim applications, which final reports we incorporate by reference herein, and we also note the following orders that ruled on Deloittes prior interim fee applications: 1st Period: Fee Auditors Combined Final Report Regarding Those Interim Fee Applications with No Fee or Expense Issues for the First Interim Period (Docket #1118) filed on or about November 10, 2009, in which we recommended approval of fees totaling $159,929.50 and expenses totaling $9,758.99, as further explained in paragraph 1 of that final report. The
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recommendations for fees and expenses were adopted in the Omnibus Order Approving First Interim Fee Application Requests, dated December 8, 2009 (Docket #1198). 2nd Period: Fee Auditors Combined Final Report Regarding Those Interim Fee Applications with No Fee or Expense Issues for the Second Interim Period (Docket #1373) filed on or about March 3, 2010, in which we recommended approval of fees totaling $46,624.50 and expenses totaling $2,648.95, as further explained in paragraph 1 of that final report. The recommendations for fees and expenses were adopted in the Omnibus Order Approving Second Interim Fee Application Requests, dated March 29, 2010 (Docket #1455). 5. We have reviewed the orders allowing fees and expenses for the prior interim

periods, and we do not believe there is any reason to change the amounts awarded for those periods. CONCLUSION 6. Thus, we recommend final approval of fees in the amount of $206,554.003 and

expenses totaling $12,407.944 for Deloittes services for the Final Application Period.

We note that the total of the fees requested in Deloittes prior interim applications is $206,554.00. There were no reductions recommended by us or ordered by the Court for the prior interim periods, which are discussed in more detail in paragraph 4. We note that the Court has ruled on the First through Sixth Interim Periods. We note that the total of the expenses requested in Deloittes prior interim applications is $12,407.94. There were no reductions recommended by us or ordered by the Court for the prior interim periods, which are discussed in more detail in paragraph 4. We note that the Court has ruled on the First through Sixth Interim Periods.
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Respectfully submitted, WARREN H. SMITH & ASSOCIATES, P.C.

By: Warren H. Smith Texas State Bar No. 18757050 325 N. St. Paul Street, Suite 1250 Republic Center Dallas, Texas 75201 214-698-3868 214-722-0081 (fax) whsmith@whsmithlaw.com FEE AUDITOR

CERTIFICATE OF SERVICE I hereby certify that a true and correct copy of the foregoing document has been served via First-Class United States mail to the attached service list on this 29th day of March 2011.

Warren H. Smith

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SERVICE LIST Notice Parties The Applicant Curtis A. McClam Ramesh Swamy Deloitte Financial Advisory Services LLP 350 South Grand Avenue Ste. 200 Los Angeles, CA 90071 United States Trustee Office of the United States Trustee 844 N. King Street, Room 2207 Lock Box 35 Wilmington, DE 19801 Counsel to the Debtors Laura Davis Jones, Esq. Ira D. Kharasch, Esq. Scotta E. McFarland, Esq. Robert M. Saunders, Esq. James E. ONeill, Esq. Kathleen P. Makowski, Esq. Pachulski Stang Ziehl & LLP 919 North Market Street, 17th Floor P.O. Box 8705 Wilmington DE 19899-8705 Counsel to the Debtors Ian S. Fredericks, Esq. Skadden Arps, Slate, Meagher & Flom LLP One Rodney Square P.O. Box 636 Wilmington, DE 19899 Special Counsel to the Debtors Penelope Parmes, Esq. Rutan & Tucker, LLP 611 Anton Boulevard 14th Floor Costa Mesa, CA 92626 Canadian Counsel to the Debtors Jensen Lunny MacInnes Law Corp. H.C. Ritchie Clark, Q.C. P.O. Box 12077 Suite 2550 555 West Hastings Street Vancouver, BC V6B 4N5 Engineering Consultant to the Debtors Mark A. Clemans Millstream Energy, LLC 4918 Menlo Park Drive Sugarland, TX 77479 Special Oil and Gas Transactional Counsel to the Debtors Anthony C. Marino, Esq. Schully, Roberts, Slattery & Marino PLC Energy Centre 1100 Poydras Street, Suite 1800, New Orleans, LA 70163 Financial Advisor to the Debtors Curtis A. McClam Deloitte Financial Advisory Services LLP 350 South Grand Ave, Ste. 200 Los Angeles, CA 90071 Financial Advisor to the Debtors John Rutherford Lazard Freres & Co. LLC 30 Rockefeller Plaza, 61st Floor New York, NY 10020

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Co-Counsel to the Official Committee of Unsecured Creditors David B. Stratton, Esq. James C. Carignan, Esq. Pepper Hamilton LLP Hercules Plaza, Suite 1500 1313 Market Street Wilmington, DE 19899 Co-Counsel to the Official Committee of Unsecured Creditors Filiberto Agusti, Esq. Steven Reed, Esq. Joshua Taylor, Esq. Steptoe & Johnson LLP 1330 Connecticut Avenue NW Washington, DC 20036

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