Baytex Energy Corp. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 113 |  Published By: GlobalData | Format: PDF
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Summary

Baytex Energy 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
Baytex Energy Corp., Valuation and Financial Data 8
Baytex Energy Corp., Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Baytex Energy Corp., Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Baytex Energy 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
Baytex Energy Corp., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Baytex Energy Corp., Quarterly Production Trends 13
Baytex Energy Corp., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2016-Q1, 2017 13
Baytex Energy Corp., Crude Oil Production 14
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 14
Baytex Energy Corp., Natural Gas Production 15
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 15
Baytex Energy Corp., Valuation and Financial Data, 2012-2016 16
Baytex Energy Corp., Share Price Performance, 2012-2016 16
Share Price Performance, 2012-2016 16
Key Valuation Metrics, 2012-2016 17
Baytex Energy Corp., Production and Reserves Trends 18
Total Oil and Gas, Reserves and Production 18
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 18
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 20
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 23
Crude Oil Production and Reserves By Country/Region, 2012-2016 24
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
Baytex Energy Corp., E&P Costs Trends 34
Allocation of the Upstream Capital Expenditure 34
Upstream Capital Expenditure, 2012-2016 34
Acquisition Costs By Country/Region, 2012-2016 35
Exploration and Development Costs, By Country/Region, 2012-2016 37
Oil and Gas Cost Per boe, US$/boe 39
Oil and Gas Cost Per boe, US$/boe, 2012-2016 39
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 41
Baytex Energy Corp., Reserve Replacement Ratio 43
Oil and Gas Production Replacement Ratio 43
Oil and Gas Production Replacement Ratio, 2012-2016 43
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 46
Baytex Energy Corp., Results of Oil & Gas Operations Trend 50
Oil and Gas Revenue and Expenses 50
Oil and Gas Revenue and Expenses, 2012-2016 50
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 52
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2012-2016 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 58
Oil and Gas Performance Metrics 62
Baytex Energy Corp., Land Holdings and Well Data 63
Developed and Undeveloped Acreage 63
Gross and Net Developed and Undeveloped Acreage, 2012-2016 63
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 64
Well Statistics 66
Producible Oil and Gas Well, 2012-2016 66
Producible Oil and Gas Well, By Country/Region, 2012-2016 67
Exploration and Development Wells Drilled, 2012-2016 72
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 73
Recent Developments 74
Baytex Energy Corp. - Recent Developments 74
Aug 01, 2017: Baytex Reports Solid Q2 2017 Results With 5% Production Growth And Strong Eagle Ford Performance 74
May 04, 2017: Baytex Q1 2017 Production Increases 6% 77
Mar 07, 2017: Baytex Reports 2016 Results, Strong Reserves Growth In The Eagle Ford And Resumption Of Drilling Activity In Canada 81
Dec 12, 2016: Baytex Announces 2017 Budget And CEO Succession 87
Nov 02, 2016: Baytex Reports Q3 2016 Results 88
Jul 28, 2016: Baytex Reports Q2 2016 Results And Board Appointment 91
Jul 20, 2016: Baytex Enhances Gas Conservation Strategy And Enters Into Multi-Year Gas Supply Agreement With Kineticor 95
Jul 13, 2016: Baytex Announces Executive Appointment 95
Jun 08, 2016: Baytex Energy Takes Idled Wells Online As Oil Prices Strengthen 96
May 03, 2016: Baytex Reports Q1 2016 Results 96
Appendix 100
Methodology 100
Coverage 100
Secondary Research 100
Primary Research 101
Data Information Sources 101
Company Source 101
SEC/Other Regulatory Filings 101
Other Sources 101
Expert Panel Validation 101
Data Definition 102
Oil and Gas Reserves 102
Units of Measure 102
About GlobalData 103
Disclosure 103
Disclaimer 103

List of Tables
Table 1: Baytex Energy Corp., Key Facts 7
Table 2: Baytex Energy Corp., Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Baytex Energy Corp., Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Baytex Energy Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Baytex Energy Corp., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Baytex Energy Corp., Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Baytex Energy Corp., Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 13
Table 8: Baytex Energy Corp., Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 14
Table 9: Baytex Energy Corp., Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 15
Table 10: Baytex Energy Corp., Share Price Performance, 2012-2016 16
Table 11: Baytex Energy Corp., Key Valuation Metrics, 2012-2016 17
Table 12: Baytex Energy Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 19
Table 13: Baytex Energy Corp., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 21
Table 14: Baytex Energy Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 22
Table 15: Baytex Energy Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 23
Table 16: Baytex Energy Corp., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 25
Table 17: Baytex Energy Corp., Crude Oil Reserve Changes, mmbbl, 2012-2016 26
Table 18: Baytex Energy Corp., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 27
Table 19: Baytex Energy Corp., Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 29
Table 20: Baytex Energy Corp., Natural Gas Reserve Changes, bcf, 2012-2016 30
Table 21: Baytex Energy Corp., Oil and Gas Reserves Life Index, Years, 2012-2016 31
Table 22: Baytex Energy Corp., Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 33
Table 23: Baytex Energy Corp., Upstream Capital Expenditure, US$ mil, 2012-2016 34
Table 24: Baytex Energy Corp., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 36
Table 25: Baytex Energy Corp., Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 38
Table 26: Baytex Energy Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 40
Table 27: Baytex Energy Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 42
Table 28: Baytex Energy Corp., Oil and Gas Production Replacement Ratio, %, 2012-2016 44
Table 29: Baytex Energy Corp., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 49
Table 30: Baytex Energy Corp., Revenue and Expenses, US$ mil, 2012-2016 51
Table 31: Baytex Energy Corp., Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 56
Table 32: Baytex Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 57
Table 33: Baytex Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 61
Table 34: Baytex Energy Corp., Oil and Gas Performance Metrics, 2012-2016 62
Table 35: Baytex Energy Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 63
Table 36: Baytex Energy Corp., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 65
Table 37: Baytex Energy Corp., Producible Oil and Gas Wells, 2012-2016 66
Table 38: Baytex Energy Corp., Producible Oil and Gas Wells, By Country/Region, 2012-2016 71
Table 39: Baytex Energy Corp., Exploratory and Developed Wells, 2012-2016 72
Table 40: Baytex Energy Corp., Exploratory and Developed Wells, By Country/Region, 2012-2016 73

List of Figures
Figure 1: Baytex Energy Corp., Share Price Performance, CAD/Share, Q1, 2016-Q1, 2017 8
Figure 2: Baytex Energy Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2016-Q1, 2017 9
Figure 3: Baytex Energy Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Figure 4: Baytex Energy Corp., Upstream Capital Expenditure, US$ mil, Q1, 2016-Q1, 2017 12
Figure 5: Baytex Energy Corp., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2016-Q1, 2017 13
Figure 6: Baytex Energy Corp., Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 14
Figure 7: Baytex Energy Corp., Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 15
Figure 8: Baytex Energy Corp., Share Price Performance, CAD/Share, 2012-2016 16
Figure 9: Baytex Energy Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 17
Figure 10: Baytex Energy Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 18
Figure 11: Baytex Energy Corp., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 20
Figure 12: Baytex Energy Corp., Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 20
Figure 13: Baytex Energy Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 22
Figure 14: Baytex Energy Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 23
Figure 15: Baytex Energy Corp., Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 24
Figure 16: Baytex Energy Corp., Oil Production, By Country/Region, mmbbl, 2012-2016 24
Figure 17: Baytex Energy Corp., Crude Oil Reserve Changes, mmbbl, 2016 26
Figure 18: Baytex Energy Corp., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 27
Figure 19: Baytex Energy Corp., Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 28
Figure 20: Baytex Energy Corp., Gas Production, By Country/Region, bcf, 2012-2016 28
Figure 21: Baytex Energy Corp., Natural Gas Reserve Changes, bcf, 2016 30
Figure 22: Baytex Energy Corp., Oil and Gas Reserves Life Index, Years, 2012-2016 31
Figure 23: Baytex Energy Corp., Gas Reserve Life Index, By Country/Region, Years, 2012-2016 32
Figure 24: Baytex Energy Corp., Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 32
Figure 25: Baytex Energy Corp., Oil Reserve Life Index, By Country/Region, Years, 2012-2016 33
Figure 26: Baytex Energy Corp., Upstream Capital Expenditure, US$ mil, 2012-2016 34
Figure 27: Baytex Energy Corp., Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 35
Figure 28: Baytex Energy Corp., Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 35
Figure 29: Baytex Energy Corp., Development Costs, By Country/Region, US$ mil, 2012-2016 37
Figure 30: Baytex Energy Corp., Exploration Costs, By Country/Region, US$ mil, 2012-2016 37
Figure 31: Baytex Energy Corp., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 39
Figure 32: Baytex Energy Corp., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 41
Figure 33: Baytex Energy Corp., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 41
Figure 34: Baytex Energy Corp., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 42
Figure 35: Baytex Energy Corp., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 43
Figure 36: Baytex Energy Corp., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 46
Figure 37: Baytex Energy Corp., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 46
Figure 38: Baytex Energy Corp., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 47
Figure 39: Baytex Energy Corp., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 47
Figure 40: Baytex Energy Corp., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 48
Figure 41: Baytex Energy Corp., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 48
Figure 42: Baytex Energy Corp., Revenue and Expenses, US$ mil, 2012-2016 50
Figure 43: Baytex Energy Corp., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 52
Figure 44: Baytex Energy Corp., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 52
Figure 45: Baytex Energy Corp., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 53
Figure 46: Baytex Energy Corp., Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 53
Figure 47: Baytex Energy Corp., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 54
Figure 48: Baytex Energy Corp., Production Costs, By Country/Region, US$ mil, 2012-2016 54
Figure 49: Baytex Energy Corp., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 55
Figure 50: Baytex Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 57
Figure 51: Baytex Energy Corp., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2012-2016 58
Figure 52: Baytex Energy Corp., Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 58
Figure 53: Baytex Energy Corp., Annual Net Income per boe, By Country/Region, US$/boe, 2012-2016 59
Figure 54: Baytex Energy Corp., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 59
Figure 55: Baytex Energy Corp., Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 60
Figure 56: Baytex Energy Corp., Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 60
Figure 57: Baytex Energy Corp., Oil and Gas Performance Metrics, 2012-2016 62
Figure 58: Baytex Energy Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 63
Figure 59: Baytex Energy Corp., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 64
Figure 60: Baytex Energy Corp., Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 64
Figure 61: Baytex Energy Corp., Producible Oil and Gas Wells, 2012-2016 66
Figure 62: Baytex Energy Corp., Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 67
Figure 63: Baytex Energy Corp., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 67
Figure 64: Baytex Energy Corp., Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 68
Figure 65: Baytex Energy Corp., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 68
Figure 66: Baytex Energy Corp., Net Productive Gas Wells, By Country/Region, Number, 2012-2016 69
Figure 67: Baytex Energy Corp., Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 69
Figure 68: Baytex Energy Corp., Net Productive Oil Wells, By Country/Region, Number, 2012-2016 70
Figure 69: Baytex Energy Corp., Exploratory and Developed Wells, 2012-2016 72


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