Summary
"Questerre Energy Corporation" Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational data, analysis and strategic insight into company. The report provides latest annual and quarterly overview of valuation, share price performance, production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.
Scope
The report provides in-depth analysis and insights into companies’ valuation, capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes -
- The report provides detailed and unique insights information on the key operational parameters. The report provides a comprehensive overview of production, reserves, reserve changes, capital expenditures, acreage, performance metrics, and results of oil & gas operations.
- Provides analysis of the share price performance of the company and the key valuation multiples. The report provides a comprehensive overview of share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($/Boed), EV/Proved Reserve ($/MMboe), EV / EBITDA, and EV / EBITDA.
- Provides annual and quarterly information on key operational, valuation and financial parameters. Annual information is for the current and the last five years while the quarterly information is for the current and the last five quarters.
- The report provides detailed crude oil and natural gas reserves and production of the company by country.
- Contains in-depth and latest information on exploration, development, finding & development, acquisition expenditure, gross and net developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company.
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.
Reasons to buy
The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Provides up-to-date information and in-depth analysis on operational parameters of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational parameters of your competitors.
- Rank your performance against other E&P companies using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational parameters.
- Establish relative performance among the industry’s players based on key operational and financial measures.
Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Questerre Energy Corporation, Valuation and Financial Data 8
Questerre Energy Corporation, Share Price Performance 8
Share Price Performance, Q3, 2010-Q3, 2011 8
Questerre Energy Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2010-Q3, 2011 9
Questerre Energy Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q3, 2010-Q3, 2011 10
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2010-Q3, 2011 11
Questerre Energy Corporation, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q3, 2010-Q3, 2011 12
Questerre Energy Corporation, Quarterly Production Trends 13
Questerre Energy Corporation, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q3, 2010-Q3, 2011 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2010-Q3, 2011 14
Questerre Energy Corporation, Crude Oil Production 15
Total Crude Oil Production Trend, Q3, 2010-Q3, 2011 15
Crude Oil Production, By Country/Region, Q3, 2010-Q3, 2011 16
Questerre Energy Corporation, Natural Gas Production 17
Total Natural Gas Production Trend, Q3, 2010-Q3, 2011 17
Natural Gas Production, By Country/Region, Q3, 2010-Q3, 2011 18
Questerre Energy Corporation, Valuation and Financial Data - 2006-2010 19
Questerre Energy Corporation, Share Price Performance - 2006-2010 19
Share Price Performance, 2006-2010 19
Key Valuation Metrics, 2006-2010 20
Questerre Energy Corporation, Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2006-2010 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2006-2010 23
Total Crude Oil and Natural Gas Reserve Changes, 2006-2010 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2006-2010 26
Crude Oil Production and Reserves By Country/Region, 2006-2010 27
Crude Oil/Liquids Reserve Changes, 2006-2010 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2006-2010 30
Natural Gas Production and Reserves, By Country/Region, 2006-2010 31
Natural Gas Reserve Changes, 2006-2010 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2006-2010 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2006-2010 35
Questerre Energy Corporation, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2006-2010 37
Acquisition Costs By Country/Region, 2006-2010 38
Exploration and Development Costs, By Country/Region, 2006-2010 39
Oil and Gas Cost Per boe, $/boe 41
Oil and Gas Cost Per boe, $/boe, 2006-2010 41
Oil and Gas Cost Per boe, $/boe, By Country/Region, 2006-2010 43
Questerre Energy Corporation, Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2006-2010 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2006-2010 47
Questerre Energy Corporation, Results of Oil & Gas Operations Trend 51
Oil and Gas Revenue and Expenses 51
Oil and Gas Revenue and Expenses, 2006-2010 51
Oil and Gas Revenue and Expenses, By Country/Region, 2006-2010 52
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2006-2010 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2006-2010 58
Oil and Gas Performance Metrics 62
Questerre Energy Corporation, Land Holdings and Well Data 63
Developed and Undeveloped Acreage 63
Gross and Net Developed and Undeveloped Acreage, 2006-2010 63
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2006-2010 64
Well Statistics 66
Producible Oil and Gas Well, 2006-2010 66
Producible Oil and Gas Well, By Country/Region, 2006-2010 67
Exploration and Development Wells Drilled, 2006-2010 71
Exploration and Development Wells Drilled, By Country/Region, 2006-2010 72
Recent Developments 73
Questerre Energy Corporation - Recent Developments 73
Nov 11, 2011: Questerre Energy Provides Update On Q3 2011 Operations 73
May 18, 2011: Quebec Government Plans Extension For Exploration Licenses: Questerre Energy 73
Jan 17, 2011: Questerre Energy Updates On Activities In St. Lawrence Lowlands, Quebec 73
Appendix 75
Methodology 75
Coverage 75
Secondary Research 75
Primary Research 75
Data Information Sources 76
Company Source 76
SEC/Other Regulatory Filings 76
Other Sources 76
Expert Panel Validation 76
Data Definition 76
Oil and Gas Reserves 76
Units of Measure 76
About GlobalData 77
Disclosure 77
Disclaimer 77
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.
List of Tables
Table 1: Questerre Energy Corporation, Share Price Performance, Q3, 2010-Q3, 2011 8
Table 2: Questerre Energy Corporation, Key Valuation Metrics, Q3, 2010-Q3, 2011 9
Table 3: Questerre Energy Corporation, Results of Oil & Gas Operations Per boe Produced, $/boe, Q3, 2010-Q3, 2011 10
Table 4: Questerre Energy Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2010-Q3, 2011 11
Table 5: Questerre Energy Corporation, Upstream Capital Expenditure, Q3, 2010-Q3, 2011 12
Table 6: Questerre Energy Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2010-Q3, 2011 13
Table 7: Questerre Energy Corporation, Total Oil & Gas Production, By Country/Region, MMboe, Q3, 2010-Q3, 2011 14
Table 8: Questerre Energy Corporation, Total Crude Oil Production, MMbbl, Q3, 2010-Q3, 2011 15
Table 9: Questerre Energy Corporation, Crude Oil Production, By Country/Region, MMbbl, Q3, 2010-Q3, 2011 16
Table 10: Questerre Energy Corporation, Total Natural Gas Production, Bcf, Q3, 2010-Q3, 2011 17
Table 11: Questerre Energy Corporation, Natural Gas Production, By Country/Region, Bcf, Q3, 2010-Q3, 2011 18
Table 12: Questerre Energy Corporation, Share Price Performance, 2006-2010 19
Table 13: Questerre Energy Corporation, Key Valuation Metrics, 2006-2010 20
Table 14: Questerre Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2006-2010 22
Table 15: Questerre Energy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2006-2010 24
Table 16: Questerre Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2006-2010 25
Table 17: Questerre Energy Corporation, Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010 26
Table 18: Questerre Energy Corporation, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2006-2010 28
Table 19: Questerre Energy Corporation, Crude Oil Reserve Changes, MMbbl, 2006-2010 29
Table 20: Questerre Energy Corporation, Natural Gas Production and Reserves Metrics, Bcf, 2006-2010 30
Table 21: Questerre Energy Corporation, Natural Gas Production and Reserves, By Country/Region, Bcf, 2006-2010 32
Table 22: Questerre Energy Corporation, Natural Gas Reserve Changes, Bcf, 2006-2010 33
Table 23: Questerre Energy Corporation, Oil and Gas Reserves Life Index, Years, 2006-2010 34
Table 24: Questerre Energy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2006-2010 36
Table 25: Questerre Energy Corporation, Upstream Capital Expenditure, $m, 2006-2010 37
Table 26: Questerre Energy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, $m, 2006-2010 38
Table 27: Questerre Energy Corporation, Exploration and Development Costs, By Country/Region, $m, 2006-2010 40
Table 28: Questerre Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010 42
Table 29: Questerre Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2006-2010 44
Table 30: Questerre Energy Corporation, Oil and Gas Production Replacement Ratio, %, 2006-2010 45
Table 31: Questerre Energy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2006-2010 50
Table 32: Questerre Energy Corporation, Revenue and Expenses, $m, 2006-2010 51
Table 33: Questerre Energy Corporation, Revenue and Expenses, By Country/Region, $m, 2006-2010 56
Table 34: Questerre Energy Corporation, Oil and Gas Revenue and Expenses, $/boe, 2006-2010 57
Table 35: Questerre Energy Corporation, Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2006-2010 61
Table 36: Questerre Energy Corporation, Oil and Gas Performance Metrics, 2006-2010 62
Table 37: Questerre Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010 63
Table 38: Questerre Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2006-2010 65
Table 39: Questerre Energy Corporation, Producible Oil and Gas Wells, 2006-2010 66
Table 40: Questerre Energy Corporation, Producible Oil and Gas Wells, By Country/Region, 2006-2010 70
Table 41: Questerre Energy Corporation, Exploratory and Developed Wells, 2006-2010 71
Table 42: Questerre Energy Corporation, Exploratory and Developed Wells, By Country/Region, 2006-2010 72
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.
List of Figures
Figure 1: Questerre Energy Corporation, Share Price Performance, CAD/Share, Q3, 2010-Q3, 2011 8
Figure 2: Questerre Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2010-Q3, 2011 9
Figure 3: Questerre Energy Corporation, Results of Oil & Gas Operations Per boe Produced, $/boe, Q3, 2010-Q3, 2011 10
Figure 4: Questerre Energy Corporation, Upstream Capital Expenditure, $m, Q3, 2010-Q3, 2011 12
Figure 5: Questerre Energy Corporation, Total Crude Oil and Natural Gas, Production, MMboe, Q3, 2010-Q3, 2011 13
Figure 6: Questerre Energy Corporation, Total Oil & Gas Production, By Country/Region, MMboe, Q3, 2010-Q3, 2011 14
Figure 7: Questerre Energy Corporation, Total Crude Oil Production, MMbbl, Q3, 2010-Q3, 2011 15
Figure 8: Questerre Energy Corporation, Crude Oil Production, By Country/Region, MMbbl, Q3, 2010-Q3, 2011 16
Figure 9: Questerre Energy Corporation, Total Natural Gas Production, Bcf, Q3, 2010-Q3, 2011 17
Figure 10: Questerre Energy Corporation, Natural Gas Production, By Country/Region, Bcf, Q3, 2010-Q3, 2011 18
Figure 11: Questerre Energy Corporation, Share Price Performance, CAD/Share, 2006-2010 19
Figure 12: Questerre Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), 2006-2010 20
Figure 13: Questerre Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2006-2010 21
Figure 14: Questerre Energy Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2006-2010 23
Figure 15: Questerre Energy Corporation, Total Oil & Gas Production, By Country/Region, MMboe, 2006-2010 23
Figure 16: Questerre Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2010 25
Figure 17: Questerre Energy Corporation, Crude Oil Production and Reserves Metrics, MMbbl, 2006-2010 26
Figure 18: Questerre Energy Corporation, Oil Reserves, End of Period, By Country/Region, MMbbl, 2006-2010 27
Figure 19: Questerre Energy Corporation, Oil Production, By Country/Region, MMbbl, 2006-2010 27
Figure 20: Questerre Energy Corporation, Crude Oil Reserve Changes, MMbbl, 2010 29
Figure 21: Questerre Energy Corporation, Natural Gas Production and Reserves Metrics, Bcf, 2006-2010 30
Figure 22: Questerre Energy Corporation, Gas Reserves, End of Period, By Country/Region, Bcf, 2006-2010 31
Figure 23: Questerre Energy Corporation, Gas Production, By Country/Region, Bcf, 2006-2010 31
Figure 24: Questerre Energy Corporation, Natural Gas Reserve Changes, Bcf, 2010 33
Figure 25: Questerre Energy Corporation, Oil and Gas Reserves Life Index, Years, 2006-2010 34
Figure 26: Questerre Energy Corporation, Gas Reserve Life Index, By Country/Region, Years, 2006-2010 35
Figure 27: Questerre Energy Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2006-2010 35
Figure 28: Questerre Energy Corporation, Oil Reserve Life Index, By Country/Region, Years, 2006-2010 36
Figure 29: Questerre Energy Corporation, Upstream Capital Expenditure, $m, 2006-2010 37
Figure 30: Questerre Energy Corporation, Proved Acquisition Costs, By Country/Region, $m, 2006-2010 38
Figure 31: Questerre Energy Corporation, Development Costs, By Country/Region, $m, 2006-2010 39
Figure 32: Questerre Energy Corporation, Exploration Costs, By Country/Region, $m, 2006-2010 39
Figure 33: Questerre Energy Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2006-2010 41
Figure 34: Questerre Energy Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 43
Figure 35: Questerre Energy Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 43
Figure 36: Questerre Energy Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2006-2010 44
Figure 37: Questerre Energy Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2006-2010 45
Figure 38: Questerre Energy Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2006-2010 47
Figure 39: Questerre Energy Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2006-2010 47
Figure 40: Questerre Energy Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2006-2010 48
Figure 41: Questerre Energy Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2006-2010 48
Figure 42: Questerre Energy Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2006-2010 49
Figure 43: Questerre Energy Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2006-2010 49
Figure 44: Questerre Energy Corporation, Revenue and Expenses, $m, 2006-2010 51
Figure 45: Questerre Energy Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 52
Figure 46: Questerre Energy Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 52
Figure 47: Questerre Energy Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 53
Figure 48: Questerre Energy Corporation, Oil & Gas Revenue, By Country/Region, $m, 2006-2010 53
Figure 49: Questerre Energy Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 54
Figure 50: Questerre Energy Corporation, Production Costs, By Country/Region, $m, 2006-2010 54
Figure 51: Questerre Energy Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, $m, 2006-2010 55
Figure 52: Questerre Energy Corporation, Oil and Gas Revenue and Expenses, $/boe, 2006-2010 57
Figure 53: Questerre Energy Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2006-2010 58
Figure 54: Questerre Energy Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2006-2010 58
Figure 55: Questerre Energy Corporation, Annual Net Income per boe, By Country/Region, $/boe, 2006-2010 59
Figure 56: Questerre Energy Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2006-2010 59
Figure 57: Questerre Energy Corporation, Total DD&A per boe, By Country/Region, $/boe, 2006-2010 60
Figure 58: Questerre Energy Corporation, Total Revenue per boe, By Country/Region, $/boe, 2006-2010 60
Figure 59: Questerre Energy Corporation, Oil and Gas Performance Metrics, 2006-2010 62
Figure 60: Questerre Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2006-2010 63
Figure 61: Questerre Energy Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2006-2010 64
Figure 62: Questerre Energy Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2006-2010 64
Figure 63: Questerre Energy Corporation, Producible Oil and Gas Wells, 2006-2010 66
Figure 64: Questerre Energy Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2006-2010 67
Figure 65: Questerre Energy Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010 67
Figure 66: Questerre Energy Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2006-2010 68
Figure 67: Questerre Energy Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2006-2010 68
Figure 68: Questerre Energy Corporation, Net Productive Gas Wells, By Country/Region, Number, 2006-2010 69
Figure 69: Questerre Energy Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2006-2010 69
Figure 70: Questerre Energy Corporation, Net Productive Oil Wells, By Country/Region, Number, 2006-2010 70
Figure 71: Questerre Energy Corporation, Exploratory and Developed Wells, 2006-2010 71
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.