Connacher Oil and Gas Limited Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014

 Published On: Jan, 2015 |    No of Pages: 74 |  Published By: GlobalData | Format: PDF
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Summary

Connacher Oil and Gas Limited (Connacher) is an oil and gas exploration company. The company explores, develops, produces and sells natural gas and oil. Its asset includes the Great Divide oil sands project near Fort McMurray, Alberta. Connacher’s petroleum assets and operations consist of bitumen production from oil sands. The company owns over 450m barrels of proved and apparent bitumen reserves. It uses the technology of steam-assisted gravity drainage for its projects. The company’s Pod One project is located 80 kilometers south of Fort McMurray. Its Algar is a second steam-assisted gravity drainage thermal recovery oil sands project. Connacher is headquartered in Calgary, Alberta, Canada

Connacher Oil and Gas Limited 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 production, reserves, share price performance, reserve changes, capital expenditures, acreage, performance metrics and results of oil & gas operations.

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 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 ($boe/d) and EV/Proved Reserve ($/boe)
- Provides annual and quarterly information on key operational and financial parameters. Annual information is for the current and the last four years while the quarterly information is for the current and the last four quarters
- The report provides detailed crude oil and natural gas reserves and production information of the company by country as disclosed in their annual report and regulatory filings.
- 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 as disclosed in their annual report and regulatory filings.

Note: Scope of the report mentioned above is generic and may not be applicable to all the companies. 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.

Quarterly information is covered only for those companies which are December ending and files quarter report. There might be cases where countries/regions data column/Charts will be blank for last five years. This is due to companies might have discontinued reporting of that countries/regions during the last five year time period.

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
Company Snapshot 7
Key Information 7
Company Overview 7
Connacher Oil and Gas Limited, Valuation and Financial Data 8
Connacher Oil and Gas Limited, Share Price Performance 8
Share Price Performance, Q3, 2013-Q3, 2014 8
Connacher Oil and Gas Limited, Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Connacher Oil and Gas Limited, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q3, 2013-Q3, 2014 10
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2013-Q3, 2014 11
Connacher Oil and Gas Limited, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Connacher Oil and Gas Limited, Quarterly Production Trends 13
Connacher Oil and Gas Limited, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 14
Connacher Oil and Gas Limited, Crude Oil Production 15
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 15
Crude Oil Production, By Country/Region, Q3, 2013-Q3, 2014 16
Connacher Oil and Gas Limited, Valuation and Financial Data, 2009-2013 17
Connacher Oil and Gas Limited, Share Price Performance, 2009-2013 17
Share Price Performance, 2009-2013 17
Key Valuation Metrics, 2009-2013 18
Connacher Oil and Gas Limited, Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 21
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 23
Crude Oil/Liquids Production and Reserve 24
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 24
Crude Oil Production and Reserves By Country/Region, 2009-2013 25
Crude Oil/Liquids Reserve Changes, 2009-2013 27
Total Crude Oil and Natural Gas Reserves Life Index 28
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 28
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 29
Connacher Oil and Gas Limited, E&P Costs Trends 31
Allocation of the Upstream Capital Expenditure 31
Upstream Capital Expenditure, 2009-2013 31
Exploration and Development Costs, By Country/Region, 2009-2013 32
Oil and Gas Cost Per boe, US$/boe 34
Oil and Gas Cost Per boe, US$/boe, 2009-2013 34
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 36
Connacher Oil and Gas Limited, Reserve Replacement Ratio 39
Oil and Gas Production Replacement Ratio 39
Oil and Gas Production Replacement Ratio, 2009-2013 39
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 41
Connacher Oil and Gas Limited, Results of Oil & Gas Operations Trend 44
Oil and Gas Revenue and Expenses 44
Oil and Gas Revenue and Expenses, 2009-2013 44
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 45
Oil and Gas Revenue and Expenses, Per boe 50
Oil and Gas Revenue and Expenses, By boe, 2009-2013 50
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 51
Oil and Gas Performance Metrics 55
Connacher Oil and Gas Limited, Land Holdings and Well Data 56
Developed and Undeveloped Acreage 56
Gross and Net Developed and Undeveloped Acreage, 2009-2013 56
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 57
Well Statistics 59
Producible Oil and Gas Well, 2009-2013 59
Producible Oil and Gas Well, By Country/Region, 2009-2013 60
Exploration and Development Wells Drilled, 2009-2013 63
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 64
Recent Developments 65
Connacher Oil and Gas Limited - Recent Developments 65
Dec 01, 2014: Connacher Undertakes Review Of Capital Structure 65
Nov 13, 2014: Connacher Announces Q3 2014 Results 65
Oct 15, 2014: Connacher Provides Q3 2014 Operational Update 66
Oct 09, 2014: Connacher Announces New Board Members 67
Aug 13, 2014: Connacher Announces Q2 2014 Results 67
Jul 17, 2014: Connacher Provides Q2 2014 Operational and Capital Plan Updates, AGM Results and Conference Call Details 68
Jul 17, 2014: Connacher Provides Q2 2014 Operational and Capital Plan Updates 69
May 23, 2014: Connacher Completes First Lien Term Loan Facility and Amends Credit Facility 69
May 22, 2014: Connacher Announces New First Lien Term Loan Facility 70
May 14, 2014: Connacher Announces Q1 2014 Results 70
Appendix 72
Methodology 72
Coverage 72
Secondary Research 72
Primary Research 72
Data Information Sources 73
Company Source 73
SEC/Other Regulatory Filings 73
Other Sources 73
Expert Panel Validation 73
Data Definition 73
Oil and Gas Reserves 73
Units of Measure 74
About GlobalData 74
Disclosure 74
Disclaimer 74

List of Tables
Table 1: Connacher Oil and Gas Limited, Key Facts 7
Table 2: Connacher Oil and Gas Limited, Share Price Performance, Q3, 2013-Q3, 2014 8
Table 3: Connacher Oil and Gas Limited, Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Table 4: Connacher Oil and Gas Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Table 5: Connacher Oil and Gas Limited, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 11
Table 6: Connacher Oil and Gas Limited, Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Table 7: Connacher Oil and Gas Limited, Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 13
Table 8: Connacher Oil and Gas Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Table 9: Connacher Oil and Gas Limited, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Table 10: Connacher Oil and Gas Limited, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Table 11: Connacher Oil and Gas Limited, Share Price Performance, 2009-2013 17
Table 12: Connacher Oil and Gas Limited, Key Valuation Metrics, 2009-2013 18
Table 13: Connacher Oil and Gas Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 20
Table 14: Connacher Oil and Gas Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 22
Table 15: Connacher Oil and Gas Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 23
Table 16: Connacher Oil and Gas Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 24
Table 17: Connacher Oil and Gas Limited, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 26
Table 18: Connacher Oil and Gas Limited, Crude Oil Reserve Changes, mmbbl, 2009-2013 27
Table 19: Connacher Oil and Gas Limited, Oil and Gas Reserves Life Index, Years, 2009-2013 28
Table 20: Connacher Oil and Gas Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 30
Table 21: Connacher Oil and Gas Limited, Upstream Capital Expenditure, US$ mil, 2009-2013 31
Table 22: Connacher Oil and Gas Limited, Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 33
Table 23: Connacher Oil and Gas Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 34
Table 24: Connacher Oil and Gas Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 38
Table 25: Connacher Oil and Gas Limited, Oil and Gas Production Replacement Ratio, %, 2009-2013 39
Table 26: Connacher Oil and Gas Limited, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 43
Table 27: Connacher Oil and Gas Limited, Revenue and Expenses, US$ mil, 2009-2013 44
Table 28: Connacher Oil and Gas Limited, Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 49
Table 29: Connacher Oil and Gas Limited, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 50
Table 30: Connacher Oil and Gas Limited, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 54
Table 31: Connacher Oil and Gas Limited, Oil and Gas Performance Metrics, 2009-2013 55
Table 32: Connacher Oil and Gas Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 56
Table 33: Connacher Oil and Gas Limited, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 58
Table 34: Connacher Oil and Gas Limited, Producible Oil and Gas Wells, 2009-2013 59
Table 35: Connacher Oil and Gas Limited, Producible Oil and Gas Wells, By Country/Region, 2009-2013 62
Table 36: Connacher Oil and Gas Limited, Exploratory and Developed Wells, 2009-2013 63
Table 37: Connacher Oil and Gas Limited, Exploratory and Developed Wells, By Country/Region, 2009-2013 64

List of Figures
Figure 1: Connacher Oil and Gas Limited, Share Price Performance, CAD/Share, Q3, 2013-Q3, 2014 8
Figure 2: Connacher Oil and Gas Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 9
Figure 3: Connacher Oil and Gas Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Figure 4: Connacher Oil and Gas Limited, Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 12
Figure 5: Connacher Oil and Gas Limited, Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 13
Figure 6: Connacher Oil and Gas Limited, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Figure 7: Connacher Oil and Gas Limited, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Figure 8: Connacher Oil and Gas Limited, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Figure 9: Connacher Oil and Gas Limited, Share Price Performance, CAD/Share, 2009-2013 17
Figure 10: Connacher Oil and Gas Limited, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 18
Figure 11: Connacher Oil and Gas Limited, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 19
Figure 12: Connacher Oil and Gas Limited, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 21
Figure 13: Connacher Oil and Gas Limited, Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 21
Figure 14: Connacher Oil and Gas Limited, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 23
Figure 15: Connacher Oil and Gas Limited, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 24
Figure 16: Connacher Oil and Gas Limited, Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 25
Figure 17: Connacher Oil and Gas Limited, Oil Production, By Country/Region, mmbbl, 2009-2013 25
Figure 18: Connacher Oil and Gas Limited, Crude Oil Reserve Changes, mmbbl, 2013 27
Figure 19: Connacher Oil and Gas Limited, Oil and Gas Reserves Life Index, Years, 2009-2013 28
Figure 20: Connacher Oil and Gas Limited, Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 29
Figure 21: Connacher Oil and Gas Limited, Oil Reserve Life Index, By Country/Region, Years, 2009-2013 29
Figure 22: Connacher Oil and Gas Limited, Upstream Capital Expenditure, US$ mil, 2009-2013 31
Figure 23: Connacher Oil and Gas Limited, Development Costs, By Country/Region, US$ mil, 2009-2013 32
Figure 24: Connacher Oil and Gas Limited, Exploration Costs, By Country/Region, US$ mil, 2009-2013 32
Figure 25: Connacher Oil and Gas Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 34
Figure 26: Connacher Oil and Gas Limited, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 36
Figure 27: Connacher Oil and Gas Limited, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 36
Figure 28: Connacher Oil and Gas Limited, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 37
Figure 29: Connacher Oil and Gas Limited, Proved Reserves Acquisition Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 37
Figure 30: Connacher Oil and Gas Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 39
Figure 31: Connacher Oil and Gas Limited, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 41
Figure 32: Connacher Oil and Gas Limited, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 41
Figure 33: Connacher Oil and Gas Limited, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 42
Figure 34: Connacher Oil and Gas Limited, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 42
Figure 35: Connacher Oil and Gas Limited, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 43
Figure 36: Connacher Oil and Gas Limited, Revenue and Expenses, US$ mil, 2009-2013 44
Figure 37: Connacher Oil and Gas Limited, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 45
Figure 38: Connacher Oil and Gas Limited, Exploration Expenses, By Country/Region, US$ mil, 2009-2013 45
Figure 39: Connacher Oil and Gas Limited, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 46
Figure 40: Connacher Oil and Gas Limited, Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 46
Figure 41: Connacher Oil and Gas Limited, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 47
Figure 42: Connacher Oil and Gas Limited, Production Costs, By Country/Region, US$ mil, 2009-2013 47
Figure 43: Connacher Oil and Gas Limited, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 48
Figure 44: Connacher Oil and Gas Limited, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 50
Figure 45: Connacher Oil and Gas Limited, Exploration Expenses per boe, By Country/Region, US$/boe, 2009-2013 51
Figure 46: Connacher Oil and Gas Limited, Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 51
Figure 47: Connacher Oil and Gas Limited, Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 52
Figure 48: Connacher Oil and Gas Limited, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 52
Figure 49: Connacher Oil and Gas Limited, Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 53
Figure 50: Connacher Oil and Gas Limited, Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 53
Figure 51: Connacher Oil and Gas Limited, Oil and Gas Performance Metrics, 2009-2013 55
Figure 52: Connacher Oil and Gas Limited, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 56
Figure 53: Connacher Oil and Gas Limited, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 57
Figure 54: Connacher Oil and Gas Limited, Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 57
Figure 55: Connacher Oil and Gas Limited, Producible Oil and Gas Wells, 2009-2013 59
Figure 56: Connacher Oil and Gas Limited, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 60
Figure 57: Connacher Oil and Gas Limited, Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 60
Figure 58: Connacher Oil and Gas Limited, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 61
Figure 59: Connacher Oil and Gas Limited, Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 61
Figure 60: Connacher Oil and Gas Limited, Net Productive Oil Wells, By Country/Region, Number, 2009-2013 62
Figure 61: Connacher Oil and Gas Limited, Exploratory and Developed Wells, 2009-2013 63


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