National Fuel Gas Company Oil & Gas Exploration and Production Operations and Cost Analysis - 2016

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

National Fuel Gas Company (National Fuel) is a diversified energy company that specializes in the production, gathering, transportation, distribution and marketing of natural gas. It operates as an integrated business, with assets centered in western New York and Pennsylvania, and benefits from, the production and transportation of natural gas from the Marcellus Shale basin. The company undertakes the development and purchase of, and exploration of natural gas and oil reserves in Appalachian region. National Fuel offers interstate natural gas transportation and storage services. It markets natural gas to industrial, wholesale, commercial, public authority and residential customers. National Fuel is headquartered in Williamsville, New York, the US.

National Fuel Gas Company 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
National Fuel Gas Company, Valuation and Financial Data, 2012-2016 8
National Fuel Gas Company, Share Price Performance, 2012-2016 8
Share Price Performance, 2012-2016 8
Key Valuation Metrics, 2012-2016 9
National Fuel Gas Company, Production and Reserves Trends 10
Total Oil and Gas, Reserves and Production 10
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 10
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 12
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 14
Crude Oil/Liquids Production and Reserve 15
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 15
Crude Oil Production and Reserves By Country/Region, 2012-2016 16
Crude Oil/Liquids Reserve Changes, 2012-2016 18
Natural Gas Production and Reserve 19
Natural Gas Production and Reserve Trend, 2012-2016 19
Natural Gas Production and Reserves, By Country/Region, 2012-2016 20
Natural Gas Reserve Changes, 2012-2016 22
Total Crude Oil and Natural Gas Reserves Life Index 23
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 23
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 24
National Fuel Gas Company, E&P Costs Trends 26
Allocation of the Upstream Capital Expenditure 26
Upstream Capital Expenditure, 2012-2016 26
Acquisition Costs By Country/Region, 2012-2016 27
Exploration and Development Costs, By Country/Region, 2012-2016 28
Oil and Gas Cost Per boe, US$/boe 30
Oil and Gas Cost Per boe, US$/boe, 2012-2016 30
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 32
National Fuel Gas Company, Reserve Replacement Ratio 34
Oil and Gas Production Replacement Ratio 34
Oil and Gas Production Replacement Ratio, 2012-2016 34
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 37
National Fuel Gas Company, Results of Oil & Gas Operations Trend 41
Oil and Gas Revenue and Expenses 41
Oil and Gas Revenue and Expenses, 2012-2016 41
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 43
Oil and Gas Revenue and Expenses, Per boe 48
Oil and Gas Revenue and Expenses, By boe, 2012-2016 48
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 49
Oil and Gas Performance Metrics 53
National Fuel Gas Company, Land Holdings and Well Data 54
Developed and Undeveloped Acreage 54
Gross and Net Developed and Undeveloped Acreage, 2012-2016 54
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 55
Well Statistics 58
Producible Oil and Gas Well, 2012-2016 58
Producible Oil and Gas Well, By Country/Region, 2012-2016 59
Exploration and Development Wells Drilled, 2012-2016 64
Recent Developments 66
National Fuel Gas Company - Recent Developments 66
May 04, 2017: National Fuel Reports Second Quarter Earnings 66
Apr 24, 2017: National Fuel Asks Federal Court To Review DEC's Pipeline Denial 69
Apr 10, 2017: New York State Executive Branch Agency Denies Permits For National Fuel's Northern Access Pipeline Project 70
Feb 04, 2017: Federal Energy Regulatory Commission Approves National Fuel's $455 Million Northern Access Project 71
Feb 02, 2017: National Fuel Reports First Quarter 2016 Earnings 72
Jan 25, 2017: National Fuel Provides Update On Northern Access Project And Fiscal First Quarter Production Results 76
Dec 14, 2016: National Fuel elects new independent director 77
Nov 03, 2016: National Fuel Reports Fourth Quarter And Full Year Fiscal 2016 Earnings 78
Aug 04, 2016: National Fuel Reports Third Quarter Earnings 83
Jun 24, 2016: National Fuel Elects New Director For Corporate Board 87
Appendix 88
Methodology 88
Coverage 88
Secondary Research 88
Primary Research 89
Data Information Sources 89
Company Source 89
SEC/Other Regulatory Filings 89
Other Sources 89
Expert Panel Validation 89
Data Definition 90
Oil and Gas Reserves 90
Units of Measure 90
About GlobalData 91
Disclosure 91
Disclaimer 91

List of Tables
Table 1: National Fuel Gas Company, Key Facts 7
Table 2: National Fuel Gas Company, Share Price Performance, 2012-2016 8
Table 3: National Fuel Gas Company, Key Valuation Metrics, 2012-2016 9
Table 4: National Fuel Gas Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 11
Table 5: National Fuel Gas Company, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 13
Table 6: National Fuel Gas Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 14
Table 7: National Fuel Gas Company, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 15
Table 8: National Fuel Gas Company, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 17
Table 9: National Fuel Gas Company, Crude Oil Reserve Changes, mmbbl, 2012-2016 18
Table 10: National Fuel Gas Company, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 19
Table 11: National Fuel Gas Company, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 21
Table 12: National Fuel Gas Company, Natural Gas Reserve Changes, bcf, 2012-2016 22
Table 13: National Fuel Gas Company, Oil and Gas Reserves Life Index, Years, 2012-2016 23
Table 14: National Fuel Gas Company, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 25
Table 15: National Fuel Gas Company, Upstream Capital Expenditure, US$ mil, 2012-2016 26
Table 16: National Fuel Gas Company, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 27
Table 17: National Fuel Gas Company, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 29
Table 18: National Fuel Gas Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 31
Table 19: National Fuel Gas Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 33
Table 20: National Fuel Gas Company, Oil and Gas Production Replacement Ratio, %, 2012-2016 35
Table 21: National Fuel Gas Company, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 40
Table 22: National Fuel Gas Company, Revenue and Expenses, US$ mil, 2012-2016 42
Table 23: National Fuel Gas Company, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 47
Table 24: National Fuel Gas Company, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 48
Table 25: National Fuel Gas Company, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 52
Table 26: National Fuel Gas Company, Oil and Gas Performance Metrics, 2012-2016 53
Table 27: National Fuel Gas Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 54
Table 28: National Fuel Gas Company, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 57
Table 29: National Fuel Gas Company, Producible Oil and Gas Wells, 2012-2016 58
Table 30: National Fuel Gas Company, Producible Oil and Gas Wells, By Country/Region, 2012-2016 63
Table 31: National Fuel Gas Company, Exploratory and Developed Wells, 2012-2016 65

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


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