MDU Resources Group, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015

 Published On: Nov, 2015 |    No of Pages: 94 |  Published By: GlobalData | Format: PDF
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Summary

MDU Resources Group, Inc. 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 companiesí 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 competitorsí 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 industryís players based on key operational and financial measures.

Table of Contents
Table of Contents 2
List of Tables 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
MDU Resources Group, Inc., Valuation and Financial Data 9
MDU Resources Group, Inc., Share Price Performance 9
Share Price Performance, Q2, 2014-Q2, 2015 9
MDU Resources Group, Inc., Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2014-Q2, 2015 10
MDU Resources Group, Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q2, 2014-Q2, 2015 11
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2014-Q2, 2015 12
MDU Resources Group, Inc., Quarterly Production Trends 13
MDU Resources Group, Inc., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q2, 2014-Q2, 2015 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2014-Q2, 2015 14
MDU Resources Group, Inc., Crude Oil Production 15
Total Crude Oil Production Trend, Q2, 2014-Q2, 2015 15
Crude Oil Production, By Country/Region, Q2, 2014-Q2, 2015 16
MDU Resources Group, Inc., Natural Gas Production 17
Total Natural Gas Production Trend, Q2, 2014-Q2, 2015 17
Natural Gas Production, By Country/Region, Q2, 2014-Q2, 2015 18
MDU Resources Group, Inc., Valuation and Financial Data, 2010-2014 19
MDU Resources Group, Inc., Share Price Performance, 2010-2014 19
Share Price Performance, 2010-2014 19
Key Valuation Metrics, 2010-2014 20
MDU Resources Group, Inc., Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 23
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 26
Crude Oil Production and Reserves By Country/Region, 2010-2014 27
Crude Oil/Liquids Reserve Changes, 2010-2014 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2010-2014 30
Natural Gas Production and Reserves, By Country/Region, 2010-2014 31
Natural Gas Reserve Changes, 2010-2014 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 35
MDU Resources Group, Inc., E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2010-2014 37
Acquisition Costs By Country/Region, 2010-2014 38
Exploration and Development Costs, By Country/Region, 2010-2014 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2010-2014 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 44
MDU Resources Group, Inc., Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2010-2014 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 48
MDU Resources Group, Inc., Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2010-2014 52
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2010-2014 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 59
Oil and Gas Performance Metrics 63
MDU Resources Group, Inc., Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2010-2014 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 65
Well Statistics 68
Producible Oil and Gas Well, 2010-2014 68
Producible Oil and Gas Well, By Country/Region, 2010-2014 69
Exploration and Development Wells Drilled, 2010-2014 73
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 75
Recent Developments 76
MDU Resources Group, Inc. - Recent Developments 76
Nov 16, 2015: MDU Resources Names New General Counsel 76
Nov 02, 2015: MDU Resources Reports Third Quarter Earnings, Announces Sale Of Exploration And Production Assets 76
Aug 03, 2015: MDU Resources Reports Second Quarter Earnings And Lowers 2015 Earnings Guidance 83
Jul 01, 2015: Martin A. Fritz Named President And CEO Of MDU Resources Groupís Pipeline And Energy Services Business 84
Jun 29, 2015: MDU Resources: Business And Government Leaders Celebrate Dakota Prairie Refinery Grand Opening 85
Jun 05, 2015: MDU Resources Announces Retirement Of Pipeline And Energy Services Executive 86
Jun 01, 2015: Dakota Prairie Refining Delivers Commercial Diesel, And Fidelity Exploration & Production Company Marketing Process Begins 86
May 05, 2015: Dakota Prairie Refinery Commences Startup Operations 87
May 04, 2015: MDU Resources Reports First Quarter Earnings 87
Feb 02, 2015: MDU Resources Reports Higher 2014 Earnings, Initiates Guidance For 2015 89
Appendix 92
Methodology 92
Coverage 92
Secondary Research 92
Primary Research 92
Data Information Sources 93
Company Source 93
SEC/Other Regulatory Filings 93
Other Sources 93
Expert Panel Validation 93
Data Definition 93
Oil and Gas Reserves 93
Units of Measure 94
About GlobalData 94
Disclosure 94
Disclaimer 94

List of Tables
Table 1: MDU Resources Group, Inc., Key Facts 8
Table 2: MDU Resources Group, Inc., Share Price Performance, Q2, 2014-Q2, 2015 9
Table 3: MDU Resources Group, Inc., Key Valuation Metrics, Q2, 2014-Q2, 2015 10
Table 4: MDU Resources Group, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Table 5: MDU Resources Group, Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2014-Q2, 2015 12
Table 6: MDU Resources Group, Inc., Total Crude Oil and Natural Gas, Production, Q2, 2014-Q2, 2015 13
Table 7: MDU Resources Group, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 14
Table 8: MDU Resources Group, Inc., Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 15
Table 9: MDU Resources Group, Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 16
Table 10: MDU Resources Group, Inc., Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 17
Table 11: MDU Resources Group, Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 18
Table 12: MDU Resources Group, Inc., Share Price Performance, 2010-2014 19
Table 13: MDU Resources Group, Inc., Key Valuation Metrics, 2010-2014 20
Table 14: MDU Resources Group, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 22
Table 15: MDU Resources Group, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 24
Table 16: MDU Resources Group, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 25
Table 17: MDU Resources Group, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 26
Table 18: MDU Resources Group, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 28
Table 19: MDU Resources Group, Inc., Crude Oil Reserve Changes, mmbbl, 2010-2014 29
Table 20: MDU Resources Group, Inc., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 30
Table 21: MDU Resources Group, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 32
Table 22: MDU Resources Group, Inc., Natural Gas Reserve Changes, bcf, 2010-2014 33
Table 23: MDU Resources Group, Inc., Oil and Gas Reserves Life Index, Years, 2010-2014 34
Table 24: MDU Resources Group, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 36
Table 25: MDU Resources Group, Inc., Upstream Capital Expenditure, US$ mil, 2010-2014 37
Table 26: MDU Resources Group, Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Table 27: MDU Resources Group, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 41
Table 28: MDU Resources Group, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 43
Table 29: MDU Resources Group, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 45
Table 30: MDU Resources Group, Inc., Oil and Gas Production Replacement Ratio, %, 2010-2014 46
Table 31: MDU Resources Group, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 51
Table 32: MDU Resources Group, Inc., Revenue and Expenses, US$ mil, 2010-2014 52
Table 33: MDU Resources Group, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 57
Table 34: MDU Resources Group, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 58
Table 35: MDU Resources Group, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 62
Table 36: MDU Resources Group, Inc., Oil and Gas Performance Metrics, 2010-2014 63
Table 37: MDU Resources Group, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 64
Table 38: MDU Resources Group, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 67
Table 39: MDU Resources Group, Inc., Producible Oil and Gas Wells, 2010-2014 68
Table 40: MDU Resources Group, Inc., Producible Oil and Gas Wells, By Country/Region, 2010-2014 72
Table 41: MDU Resources Group, Inc., Exploratory and Developed Wells, 2010-2014 74
Table 42: MDU Resources Group, Inc., Exploratory and Developed Wells, By Country/Region, 2010-2014 75

List of Figures
Figure 1: MDU Resources Group, Inc., Share Price Performance, USD/Share, Q2, 2014-Q2, 2015 9
Figure 2: MDU Resources Group, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2014-Q2, 2015 10
Figure 3: MDU Resources Group, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Figure 4: MDU Resources Group, Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2014-Q2, 2015 13
Figure 5: MDU Resources Group, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 14
Figure 6: MDU Resources Group, Inc., Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 15
Figure 7: MDU Resources Group, Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 16
Figure 8: MDU Resources Group, Inc., Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 17
Figure 9: MDU Resources Group, Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 18
Figure 10: MDU Resources Group, Inc., Share Price Performance, USD/Share, 2010-2014 19
Figure 11: MDU Resources Group, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 20
Figure 12: MDU Resources Group, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 21
Figure 13: MDU Resources Group, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 23
Figure 14: MDU Resources Group, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 23
Figure 15: MDU Resources Group, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 25
Figure 16: MDU Resources Group, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 26
Figure 17: MDU Resources Group, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 27
Figure 18: MDU Resources Group, Inc., Oil Production, By Country/Region, mmbbl, 2010-2014 27
Figure 19: MDU Resources Group, Inc., Crude Oil Reserve Changes, mmbbl, 2014 29
Figure 20: MDU Resources Group, Inc., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 30
Figure 21: MDU Resources Group, Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 31
Figure 22: MDU Resources Group, Inc., Gas Production, By Country/Region, bcf, 2010-2014 31
Figure 23: MDU Resources Group, Inc., Natural Gas Reserve Changes, bcf, 2014 33
Figure 24: MDU Resources Group, Inc., Oil and Gas Reserves Life Index, Years, 2010-2014 34
Figure 25: MDU Resources Group, Inc., Gas Reserve Life Index, By Country/Region, Years, 2010-2014 35
Figure 26: MDU Resources Group, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 35
Figure 27: MDU Resources Group, Inc., Oil Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 28: MDU Resources Group, Inc., Upstream Capital Expenditure, US$ mil, 2010-2014 37
Figure 29: MDU Resources Group, Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 38
Figure 30: MDU Resources Group, Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 38
Figure 31: MDU Resources Group, Inc., Development Costs, By Country/Region, US$ mil, 2010-2014 40
Figure 32: MDU Resources Group, Inc., Exploration Costs, By Country/Region, US$ mil, 2010-2014 40
Figure 33: MDU Resources Group, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 42
Figure 34: MDU Resources Group, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 44
Figure 35: MDU Resources Group, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 44
Figure 36: MDU Resources Group, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 37: MDU Resources Group, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 46
Figure 38: MDU Resources Group, Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 48
Figure 39: MDU Resources Group, Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 48
Figure 40: MDU Resources Group, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 49
Figure 41: MDU Resources Group, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 49
Figure 42: MDU Resources Group, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 50
Figure 43: MDU Resources Group, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 50
Figure 44: MDU Resources Group, Inc., Revenue and Expenses, US$ mil, 2010-2014 52
Figure 45: MDU Resources Group, Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 53
Figure 46: MDU Resources Group, Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 53
Figure 47: MDU Resources Group, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 54
Figure 48: MDU Resources Group, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 54
Figure 49: MDU Resources Group, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 55
Figure 50: MDU Resources Group, Inc., Production Costs, By Country/Region, US$ mil, 2010-2014 55
Figure 51: MDU Resources Group, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 56
Figure 52: MDU Resources Group, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 58
Figure 53: MDU Resources Group, Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2010-2014 59
Figure 54: MDU Resources Group, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 59
Figure 55: MDU Resources Group, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 56: MDU Resources Group, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 57: MDU Resources Group, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 58: MDU Resources Group, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 59: MDU Resources Group, Inc., Oil and Gas Performance Metrics, 2010-2014 63
Figure 60: MDU Resources Group, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 64
Figure 61: MDU Resources Group, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 65
Figure 62: MDU Resources Group, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 65
Figure 63: MDU Resources Group, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2010-2014 66
Figure 64: MDU Resources Group, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2010-2014 66
Figure 65: MDU Resources Group, Inc., Producible Oil and Gas Wells, 2010-2014 68
Figure 66: MDU Resources Group, Inc., Gross Productive Gas Wells, By Country/Region, Number, 2010-2014 69
Figure 67: MDU Resources Group, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 69
Figure 68: MDU Resources Group, Inc., Gross Productive Oil Wells, By Country/Region, Number, 2010-2014 70
Figure 69: MDU Resources Group, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 70
Figure 70: MDU Resources Group, Inc., Net Productive Gas Wells, By Country/Region, Number, 2010-2014 71
Figure 71: MDU Resources Group, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 71
Figure 72: MDU Resources Group, Inc., Net Productive Oil Wells, By Country/Region, Number, 2010-2014 72
Figure 73: MDU Resources Group, Inc., Exploratory and Developed Wells, 2010-2014 73


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