BPZ Resources, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2014

 Published On: Jul, 2014 |    No of Pages: 75 |  Published By: GlobalData | Format: PDF
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Summary

BPZ Resources, 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.

BPZ Resources, Inc. (BPZ) is an independent oil and gas company. The company explores for, develops and produces of oil and natural gas. The company owns exclusive rights and license contracts for oil and gas exploration and production in four blocks, in northwest Peru. It has 51% working interest in Block Z-1 and 100% in each of Block XXII, Block XIX, and Block XXIII properties. Additionally, through its wholly-owned subsidiary, SMC Ecuador Inc., the company owns a 10% non-operating interest in Block-2 located in the southwest region of Ecuador. BPZ supplies entire oil and gas production in Peru to Petroleos del Peru - Petroperu S.A. under contracts. The company has offices in Lima, Peru and Quito, Ecuador. BPZ is headquartered in Houston, Texas, the US

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
BPZ Resources, Inc., Valuation and Financial Data 8
BPZ Resources, Inc., Share Price Performance 8
Share Price Performance, Q1, 2013-Q1, 2014 8
BPZ Resources, Inc., Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2013-Q1, 2014 9
BPZ Resources, Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2013-Q1, 2014 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2013-Q1, 2014 11
BPZ Resources, Inc., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2013-Q1, 2014 12
BPZ Resources, Inc., Quarterly Production Trends 13
BPZ Resources, Inc., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2013-Q1, 2014 13
BPZ Resources, Inc., Crude Oil Production 14
Total Crude Oil Production Trend, Q1, 2013-Q1, 2014 14
Crude Oil Production, By Country/Region, Q1, 2013-Q1, 2014 15
BPZ Resources, Inc., Valuation and Financial Data, 2009-2013 16
BPZ Resources, Inc., Share Price Performance, 2009-2013 16
Share Price Performance, 2009-2013 16
Key Valuation Metrics, 2009-2013 17
BPZ Resources, Inc., Production and Reserves Trends 18
Total Oil and Gas, Reserves and Production 18
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 18
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 19
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 21
Crude Oil/Liquids Production and Reserve 22
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 22
Crude Oil Production and Reserves By Country/Region, 2009-2013 23
Crude Oil/Liquids Reserve Changes, 2009-2013 25
Total Crude Oil and Natural Gas Reserves Life Index 26
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 26
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 27
BPZ Resources, Inc., E&P Costs Trends 29
Allocation of the Upstream Capital Expenditure 29
Upstream Capital Expenditure, 2009-2013 29
Exploration and Development Costs, By Country/Region, 2009-2013 30
Oil and Gas Cost Per boe, US$/boe 32
Oil and Gas Cost Per boe, US$/boe, 2009-2013 32
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 34
BPZ Resources, Inc., Reserve Replacement Ratio 36
Oil and Gas Production Replacement Ratio 36
Oil and Gas Production Replacement Ratio, 2009-2013 36
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 38
BPZ Resources, Inc., Results of Oil & Gas Operations Trend 41
Oil and Gas Revenue and Expenses 41
Oil and Gas Revenue and Expenses, 2009-2013 41
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 42
Oil and Gas Revenue and Expenses, Per boe 47
Oil and Gas Revenue and Expenses, By boe, 2009-2013 47
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 48
Oil and Gas Performance Metrics 52
BPZ Resources, Inc., Land Holdings and Well Data 53
Developed and Undeveloped Acreage 53
Gross and Net Developed and Undeveloped Acreage, 2009-2013 53
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 54
Well Statistics 57
Producible Oil and Gas Well, 2009-2013 57
Producible Oil and Gas Well, By Country/Region, 2009-2013 58
Recent Developments 60
BPZ Resources, Inc. - Recent Developments 60
Jan 09, 2014: BPZ Energy Reports Production from New Albacora Well and Provides Offshore and Onshore Drilling Update 60
Sep 30, 2013: BPZ Energy Announces Recommencement of Development Drilling at Albacora Field Platform 61
Sep 09, 2013: BPZ Energy Announces Addition to Board of Directors and Management Change 61
Aug 07, 2013: BPZ Energy Provides Operations Update and Reports Second Quarter and First Half 2013 Results 61
Jul 11, 2013: Pacific Rubiales Energy Provides Q2 2013 Operations Update 64
May 09, 2013: BPZ Energy Provides First Quarter 2013 Financial Results and Announces Loan Amendments 65
May 08, 2013: BPZ Energy Provides Offshore And Onshore Operations Update 67
May 08, 2013: BPZ Energy Provides Operations Update 68
Apr 16, 2013: BPZ Energy Provides Block Z-1 Operations Update 69
Apr 09, 2013: Pacific Rubiales Energy Provides Operations Update 70
Appendix 73
Methodology 73
Coverage 73
Secondary Research 73
Primary Research 73
Data Information Sources 74
Company Source 74
SEC/Other Regulatory Filings 74
Other Sources 74
Expert Panel Validation 74
Data Definition 74
Oil and Gas Reserves 74
Units of Measure 75
About GlobalData 75
Disclosure 75
Disclaimer 75

List of Tables
Table 1: BPZ Resources, Inc., Key Facts 7
Table 2: BPZ Resources, Inc., Share Price Performance, Q1, 2013-Q1, 2014 8
Table 3: BPZ Resources, Inc., Key Valuation Metrics, Q1, 2013-Q1, 2014 9
Table 4: BPZ Resources, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2013-Q1, 2014 10
Table 5: BPZ Resources, Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2013-Q1, 2014 11
Table 6: BPZ Resources, Inc., Upstream Capital Expenditure, Q1, 2013-Q1, 2014 12
Table 7: BPZ Resources, Inc., Total Crude Oil and Natural Gas, Production, Q1, 2013-Q1, 2014 13
Table 8: BPZ Resources, Inc., Total Crude Oil Production, mmbbl, Q1, 2013-Q1, 2014 14
Table 9: BPZ Resources, Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2013-Q1, 2014 15
Table 10: BPZ Resources, Inc., Share Price Performance, 2009-2013 16
Table 11: BPZ Resources, Inc., Key Valuation Metrics, 2009-2013 17
Table 12: BPZ Resources, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 18
Table 13: BPZ Resources, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 20
Table 14: BPZ Resources, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 21
Table 15: BPZ Resources, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 22
Table 16: BPZ Resources, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 24
Table 17: BPZ Resources, Inc., Crude Oil Reserve Changes, mmbbl, 2009-2013 25
Table 18: BPZ Resources, Inc., Oil and Gas Reserves Life Index, Years, 2009-2013 26
Table 19: BPZ Resources, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 28
Table 20: BPZ Resources, Inc., Upstream Capital Expenditure, US$ mil, 2009-2013 29
Table 21: BPZ Resources, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 31
Table 22: BPZ Resources, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 33
Table 23: BPZ Resources, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 35
Table 24: BPZ Resources, Inc., Oil and Gas Production Replacement Ratio, %, 2009-2013 37
Table 25: BPZ Resources, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 40
Table 26: BPZ Resources, Inc., Revenue and Expenses, US$ mil, 2009-2013 41
Table 27: BPZ Resources, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 46
Table 28: BPZ Resources, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 47
Table 29: BPZ Resources, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 51
Table 30: BPZ Resources, Inc., Oil and Gas Performance Metrics, 2009-2013 52
Table 31: BPZ Resources, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 53
Table 32: BPZ Resources, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 56
Table 33: BPZ Resources, Inc., Producible Oil and Gas Wells, 2009-2013 57
Table 34: BPZ Resources, Inc., Producible Oil and Gas Wells, By Country/Region, 2009-2013 59

List of Figures
Figure 1: BPZ Resources, Inc., Share Price Performance, USD/Share, Q1, 2013-Q1, 2014 8
Figure 2: BPZ Resources, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2013-Q1, 2014 9
Figure 3: BPZ Resources, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2013-Q1, 2014 10
Figure 4: BPZ Resources, Inc., Upstream Capital Expenditure, US$ mil, Q1, 2013-Q1, 2014 12
Figure 5: BPZ Resources, Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2013-Q1, 2014 13
Figure 6: BPZ Resources, Inc., Total Crude Oil Production, mmbbl, Q1, 2013-Q1, 2014 14
Figure 7: BPZ Resources, Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2013-Q1, 2014 15
Figure 8: BPZ Resources, Inc., Share Price Performance, USD/Share, 2009-2013 16
Figure 9: BPZ Resources, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 17
Figure 10: BPZ Resources, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 18
Figure 11: BPZ Resources, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 19
Figure 12: BPZ Resources, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 19
Figure 13: BPZ Resources, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 21
Figure 14: BPZ Resources, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 22
Figure 15: BPZ Resources, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 23
Figure 16: BPZ Resources, Inc., Oil Production, By Country/Region, mmbbl, 2009-2013 23
Figure 17: BPZ Resources, Inc., Crude Oil Reserve Changes, mmbbl, 2013 25
Figure 18: BPZ Resources, Inc., Oil and Gas Reserves Life Index, Years, 2009-2013 26
Figure 19: BPZ Resources, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 27
Figure 20: BPZ Resources, Inc., Oil Reserve Life Index, By Country/Region, Years, 2009-2013 27
Figure 21: BPZ Resources, Inc., Exploration Costs, By Country/Region, US$ mil, 2009-2013 30
Figure 22: BPZ Resources, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 32
Figure 23: BPZ Resources, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 34
Figure 24: BPZ Resources, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 34
Figure 25: BPZ Resources, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 35
Figure 26: BPZ Resources, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 36
Figure 27: BPZ Resources, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 38
Figure 28: BPZ Resources, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 38
Figure 29: BPZ Resources, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 39
Figure 30: BPZ Resources, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 39
Figure 31: BPZ Resources, Inc., Revenue and Expenses, US$ mil, 2009-2013 41
Figure 32: BPZ Resources, Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 42
Figure 33: BPZ Resources, Inc., Exploration Expenses, By Country/Region, US$ mil, 2009-2013 42
Figure 34: BPZ Resources, Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 43
Figure 35: BPZ Resources, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 43
Figure 36: BPZ Resources, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 44
Figure 37: BPZ Resources, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 44
Figure 38: BPZ Resources, Inc., Production Costs, By Country/Region, , 2009-2013 45
Figure 39: BPZ Resources, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 45
Figure 40: BPZ Resources, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 47
Figure 41: BPZ Resources, Inc., Exploration Expenses per boe, By Country/Region, US$/boe, 2009-2013 48
Figure 42: BPZ Resources, Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 48
Figure 43: BPZ Resources, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 49
Figure 44: BPZ Resources, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 49
Figure 45: BPZ Resources, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 50
Figure 46: BPZ Resources, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 50
Figure 47: BPZ Resources, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 51
Figure 48: BPZ Resources, Inc., Oil and Gas Performance Metrics, 2009-2013 52
Figure 49: BPZ Resources, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 53
Figure 50: BPZ Resources, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 54
Figure 51: BPZ Resources, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 54
Figure 52: BPZ Resources, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2009-2013 55
Figure 53: BPZ Resources, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2009-2013 55
Figure 54: BPZ Resources, Inc., Producible Oil and Gas Wells, 2009-2013 57
Figure 55: BPZ Resources, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 58
Figure 56: BPZ Resources, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 58
Figure 57: BPZ Resources, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 59


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