15
Cliffwood / Texoil
Chronology of Events
Acquisitions
–Date Event
• 1996 Initial concept memo
• Acquire Cliffwood Energy Company
• Roll up Cliffwood L.P. s
• Three acquisitions
• 1997 Acquire affiliated partnership
• Five acquisitions
• Sell producing field - 3 to 1
• Sell non-op interests PV 10%
• Acquire Texoil, inc.
• 1998 Acquire affiliated partnership
• Sonat acquisition – South TX, Louisiana
• Incremental acquisitions
• 1999 Two acquisitions
• Sell non-op interests
• Incremental acquisitions