Abraxas Petroleum Corp Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 91 |  Published By: GlobalData | Format: PDF
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Summary

Abraxas Petroleum Corp 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 metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies' capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company's oil and gas reserves and production information by country. It further consists of in-depth information on the company's expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company's share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. 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 -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector 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 metrics.
- 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
Company Snapshot 7
Key Information 7
Company Overview 7
Abraxas Petroleum Corp, Valuation and Financial Data 8
Abraxas Petroleum Corp, Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Abraxas Petroleum Corp, Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Abraxas Petroleum Corp, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2016-Q1, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2016-Q1, 2017 11
Abraxas Petroleum Corp, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Abraxas Petroleum Corp, Quarterly Production Trends 13
Abraxas Petroleum Corp, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2016-Q1, 2017 13
Abraxas Petroleum Corp, Crude Oil Production 15
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 15
Abraxas Petroleum Corp, Natural Gas Production 16
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 16
Abraxas Petroleum Corp, Valuation and Financial Data, 2012-2016 17
Abraxas Petroleum Corp, Share Price Performance, 2012-2016 17
Share Price Performance, 2012-2016 17
Key Valuation Metrics, 2012-2016 18
Abraxas Petroleum Corp, Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 21
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 23
Crude Oil/Liquids Production and Reserve 24
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 24
Crude Oil Production and Reserves By Country/Region, 2012-2016 25
Crude Oil/Liquids Reserve Changes, 2012-2016 26
Natural Gas Production and Reserve 27
Natural Gas Production and Reserve Trend, 2012-2016 27
Natural Gas Production and Reserves, By Country/Region, 2012-2016 28
Natural Gas Reserve Changes, 2012-2016 30
Total Crude Oil and Natural Gas Reserves Life Index 31
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 31
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 32
Abraxas Petroleum Corp, E&P Costs Trends 34
Allocation of the Upstream Capital Expenditure 34
Upstream Capital Expenditure, 2012-2016 34
Exploration and Development Costs, By Country/Region, 2012-2016 35
Oil and Gas Cost Per boe, US$/boe 37
Oil and Gas Cost Per boe, US$/boe, 2012-2016 37
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 39
Abraxas Petroleum Corp, Reserve Replacement Ratio 41
Oil and Gas Production Replacement Ratio 41
Oil and Gas Production Replacement Ratio, 2012-2016 41
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 44
Abraxas Petroleum Corp, Results of Oil & Gas Operations Trend 48
Oil and Gas Revenue and Expenses 48
Oil and Gas Revenue and Expenses, 2012-2016 48
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 50
Oil and Gas Revenue and Expenses, Per boe 53
Oil and Gas Revenue and Expenses, By boe, 2012-2016 53
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 54
Oil and Gas Performance Metrics 57
Abraxas Petroleum Corp, Land Holdings and Well Data 58
Developed and Undeveloped Acreage 58
Gross and Net Developed and Undeveloped Acreage, 2012-2016 58
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 59
Well Statistics 62
Producible Oil and Gas Well, 2012-2016 62
Producible Oil and Gas Well, By Country/Region, 2012-2016 63
Exploration and Development Wells Drilled, 2012-2016 68
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 70
Recent Developments 71
Abraxas Petroleum Corp - Recent Developments 71
Aug 08, 2017: Abraxas Announces Second Quarter 2017 Results 71
Jul 14, 2017: Abraxas Announces Acquisition Of 853 Net Delaware Basin Bone Spring/Wolfcamp Acres And Provides Divestiture Update 73
May 09, 2017: Abraxas Announces First Quarter 2017 Results 75
Mar 14, 2017: Abraxas Announces 2016 Results 77
Feb 15, 2017: Abraxas Provides Reserve And Operational Update 79
Jan 19, 2017: Abraxas Announces Acceleration Of 2017 Planned Activity; Updates CAPEX And Production Guidance 81
Jan 03, 2017: Abraxas Provides Operational And Divestiture Update 82
Nov 08, 2016: Abraxas Provides Operational, Financial And Divestiture Update; Addresses 2016 And 2017 Guidance And Capital Budget 83
Nov 08, 2016: Abraxas Announces Third Quarter 2016 Results 84
Sep 20, 2016: Abraxas Provides Divestiture, Hedging And Operational Update 85
Appendix 87
Methodology 87
Coverage 87
Secondary Research 87
Primary Research 88
Data Information Sources 88
Company Source 88
SEC/Other Regulatory Filings 88
Other Sources 88
Expert Panel Validation 88
Data Definition 89
Oil and Gas Reserves 89
Units of Measure 89
About GlobalData 90
Disclosure 90
Disclaimer 90

List of Tables
Table 1: Abraxas Petroleum Corp, Key Facts 7
Table 2: Abraxas Petroleum Corp, Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Abraxas Petroleum Corp, Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Abraxas Petroleum Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Abraxas Petroleum Corp, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Abraxas Petroleum Corp, Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Abraxas Petroleum Corp, Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 14
Table 8: Abraxas Petroleum Corp, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 15
Table 9: Abraxas Petroleum Corp, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 16
Table 10: Abraxas Petroleum Corp, Share Price Performance, 2012-2016 17
Table 11: Abraxas Petroleum Corp, Key Valuation Metrics, 2012-2016 18
Table 12: Abraxas Petroleum Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 20
Table 13: Abraxas Petroleum Corp, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 22
Table 14: Abraxas Petroleum Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 23
Table 15: Abraxas Petroleum Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 24
Table 16: Abraxas Petroleum Corp, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 25
Table 17: Abraxas Petroleum Corp, Crude Oil Reserve Changes, mmbbl, 2012-2016 26
Table 18: Abraxas Petroleum Corp, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 27
Table 19: Abraxas Petroleum Corp, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 29
Table 20: Abraxas Petroleum Corp, Natural Gas Reserve Changes, bcf, 2012-2016 30
Table 21: Abraxas Petroleum Corp, Oil and Gas Reserves Life Index, Years, 2012-2016 31
Table 22: Abraxas Petroleum Corp, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 33
Table 23: Abraxas Petroleum Corp, Upstream Capital Expenditure, US$ mil, 2012-2016 34
Table 24: Abraxas Petroleum Corp, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 36
Table 25: Abraxas Petroleum Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 38
Table 26: Abraxas Petroleum Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 40
Table 27: Abraxas Petroleum Corp, Oil and Gas Production Replacement Ratio, %, 2012-2016 42
Table 28: Abraxas Petroleum Corp, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 47
Table 29: Abraxas Petroleum Corp, Revenue and Expenses, US$ mil, 2012-2016 49
Table 30: Abraxas Petroleum Corp, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 52
Table 31: Abraxas Petroleum Corp, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 53
Table 32: Abraxas Petroleum Corp, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 56
Table 33: Abraxas Petroleum Corp, Oil and Gas Performance Metrics, 2012-2016 57
Table 34: Abraxas Petroleum Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 58
Table 35: Abraxas Petroleum Corp, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 61
Table 36: Abraxas Petroleum Corp, Producible Oil and Gas Wells, 2012-2016 62
Table 37: Abraxas Petroleum Corp, Producible Oil and Gas Wells, By Country/Region, 2012-2016 67
Table 38: Abraxas Petroleum Corp, Exploratory and Developed Wells, 2012-2016 69
Table 39: Abraxas Petroleum Corp, Exploratory and Developed Wells, By Country/Region, 2012-2016 70

List of Figures
Figure 1: Abraxas Petroleum Corp, Share Price Performance, USD/Share, Q1, 2016-Q1, 2017 8
Figure 2: Abraxas Petroleum Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2016-Q1, 2017 9
Figure 3: Abraxas Petroleum Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Figure 4: Abraxas Petroleum Corp, Upstream Capital Expenditure, US$ mil, Q1, 2016-Q1, 2017 12
Figure 5: Abraxas Petroleum Corp, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2016-Q1, 2017 13
Figure 6: Abraxas Petroleum Corp, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 15
Figure 7: Abraxas Petroleum Corp, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 16
Figure 8: Abraxas Petroleum Corp, Share Price Performance, USD/Share, 2012-2016 17
Figure 9: Abraxas Petroleum Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 18
Figure 10: Abraxas Petroleum Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 19
Figure 11: Abraxas Petroleum Corp, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 21
Figure 12: Abraxas Petroleum Corp, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 21
Figure 13: Abraxas Petroleum Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 23
Figure 14: Abraxas Petroleum Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 24
Figure 15: Abraxas Petroleum Corp, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 25
Figure 16: Abraxas Petroleum Corp, Crude Oil Reserve Changes, mmbbl, 2016 26
Figure 17: Abraxas Petroleum Corp, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 27
Figure 18: Abraxas Petroleum Corp, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 28
Figure 19: Abraxas Petroleum Corp, Gas Production, By Country/Region, bcf, 2012-2016 28
Figure 20: Abraxas Petroleum Corp, Natural Gas Reserve Changes, bcf, 2016 30
Figure 21: Abraxas Petroleum Corp, Oil and Gas Reserves Life Index, Years, 2012-2016 31
Figure 22: Abraxas Petroleum Corp, Gas Reserve Life Index, By Country/Region, Years, 2012-2016 32
Figure 23: Abraxas Petroleum Corp, Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 32
Figure 24: Abraxas Petroleum Corp, Oil Reserve Life Index, By Country/Region, Years, 2012-2016 33
Figure 25: Abraxas Petroleum Corp, Upstream Capital Expenditure, US$ mil, 2012-2016 34
Figure 26: Abraxas Petroleum Corp, Development Costs, By Country/Region, US$ mil, 2012-2016 35
Figure 27: Abraxas Petroleum Corp, Exploration Costs, By Country/Region, US$ mil, 2012-2016 35
Figure 28: Abraxas Petroleum Corp, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 37
Figure 29: Abraxas Petroleum Corp, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 39
Figure 30: Abraxas Petroleum Corp, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 39
Figure 31: Abraxas Petroleum Corp, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 41
Figure 32: Abraxas Petroleum Corp, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 44
Figure 33: Abraxas Petroleum Corp, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 44
Figure 34: Abraxas Petroleum Corp, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 45
Figure 35: Abraxas Petroleum Corp, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 45
Figure 36: Abraxas Petroleum Corp, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 46
Figure 37: Abraxas Petroleum Corp, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 46
Figure 38: Abraxas Petroleum Corp, Revenue and Expenses, US$ mil, 2012-2016 48
Figure 39: Abraxas Petroleum Corp, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 50
Figure 40: Abraxas Petroleum Corp, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 50
Figure 41: Abraxas Petroleum Corp, Production Costs, By Country/Region, US$ mil, 2012-2016 51
Figure 42: Abraxas Petroleum Corp, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 51
Figure 43: Abraxas Petroleum Corp, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 53
Figure 44: Abraxas Petroleum Corp, Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 54
Figure 45: Abraxas Petroleum Corp, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 54
Figure 46: Abraxas Petroleum Corp, Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 55
Figure 47: Abraxas Petroleum Corp, Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 55
Figure 48: Abraxas Petroleum Corp, Oil and Gas Performance Metrics, 2012-2016 57
Figure 49: Abraxas Petroleum Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 58
Figure 50: Abraxas Petroleum Corp, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 59
Figure 51: Abraxas Petroleum Corp, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 59
Figure 52: Abraxas Petroleum Corp, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 60
Figure 53: Abraxas Petroleum Corp, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 60
Figure 54: Abraxas Petroleum Corp, Producible Oil and Gas Wells, 2012-2016 62
Figure 55: Abraxas Petroleum Corp, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 63
Figure 56: Abraxas Petroleum Corp, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 63
Figure 57: Abraxas Petroleum Corp, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 64
Figure 58: Abraxas Petroleum Corp, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 64
Figure 59: Abraxas Petroleum Corp, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 65
Figure 60: Abraxas Petroleum Corp, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 65
Figure 61: Abraxas Petroleum Corp, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 66
Figure 62: Abraxas Petroleum Corp, Exploratory and Developed Wells, 2012-2016 68


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