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

 Published On: Nov, 2015 |    No of Pages: 82 |  Published By: GlobalData | Format: PDF
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Summary

Corridor 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.

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
Corridor Resources Inc., Valuation and Financial Data 8
Corridor Resources Inc., Share Price Performance 8
Share Price Performance, Q2, 2014-Q2, 2015 8
Corridor Resources Inc., Key Valuation Metrics 9
Key Valuation Metrics, Q2, 2014-Q2, 2015 9
Corridor Resources Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q2, 2014-Q2, 2015 10
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2014-Q2, 2015 11
Corridor Resources Inc., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q2, 2014-Q2, 2015 12
Corridor Resources Inc., Quarterly Production Trends 13
Corridor Resources 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
Total Natural Gas Production Trend, Q2, 2014-Q2, 2015 15
Natural Gas Production, By Country/Region, Q2, 2014-Q2, 2015 16
Corridor Resources Inc., Valuation and Financial Data, 2010-2014 17
Corridor Resources Inc., Share Price Performance, 2010-2014 17
Share Price Performance, 2010-2014 17
Key Valuation Metrics, 2010-2014 18
Corridor Resources Inc., Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 21
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 23
Crude Oil/Liquids Production and Reserve 24
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 24
Crude Oil Production and Reserves By Country/Region, 2010-2014 25
Crude Oil/Liquids Reserve Changes, 2010-2014 26
Natural Gas Production and Reserve 27
Natural Gas Production and Reserve Trend, 2010-2014 27
Natural Gas Production and Reserves, By Country/Region, 2010-2014 28
Natural Gas Reserve Changes, 2010-2014 30
Total Crude Oil and Natural Gas Reserves Life Index 31
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 31
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 32
Corridor Resources Inc., E&P Costs Trends 34
Allocation of the Upstream Capital Expenditure 34
Upstream Capital Expenditure, 2010-2014 34
Exploration and Development Costs, By Country/Region, 2010-2014 35
Oil and Gas Cost Per boe, US$/boe 37
Oil and Gas Cost Per boe, US$/boe, 2010-2014 37
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 39
Corridor Resources Inc., Reserve Replacement Ratio 41
Oil and Gas Production Replacement Ratio 41
Oil and Gas Production Replacement Ratio, 2010-2014 41
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 43
Corridor Resources Inc., Results of Oil & Gas Operations Trend 47
Oil and Gas Revenue and Expenses 47
Oil and Gas Revenue and Expenses, 2010-2014 47
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 48
Oil and Gas Revenue and Expenses, Per boe 53
Oil and Gas Revenue and Expenses, By boe, 2010-2014 53
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 54
Oil and Gas Performance Metrics 58
Corridor Resources Inc., Land Holdings and Well Data 59
Developed and Undeveloped Acreage 59
Gross and Net Developed and Undeveloped Acreage, 2010-2014 59
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 60
Well Statistics 62
Producible Oil and Gas Well, 2010-2014 62
Producible Oil and Gas Well, By Country/Region, 2010-2014 63
Recent Developments 66
Corridor Resources Inc. - Recent Developments 66
Nov 11, 2015: Corridor Announces Third Quarter Results 66
Nov 05, 2015: Corridor Provides An Operations Update And Announces Additional Forward Sale 68
Aug 14, 2015: Corridor Announces Second Quarter Results: Update August 14, 2015 69
May 13, 2015: Corridor Announces First Quarter Results: Update May 13, 2015 70
May 01, 2015: Corridor Provides Operations Update 71
Mar 31, 2015: Corridor Announces 2014 Year End Results And Reserves 71
Dec 23, 2014: Corridor Completes Additional Forward Sale Resulting In Strong First Quarter 2015 Pricing 75
Dec 18, 2014: Corridor Response To New Brunswick Moratorium 75
Nov 12, 2014: Corridor Announces Third Quarter Results 76
Oct 28, 2014: Corridor Announces Initial Results of 2014 Capital Program 78
Appendix 80
Methodology 80
Coverage 80
Secondary Research 80
Primary Research 80
Data Information Sources 81
Company Source 81
SEC/Other Regulatory Filings 81
Other Sources 81
Expert Panel Validation 81
Data Definition 81
Oil and Gas Reserves 81
Units of Measure 82
About GlobalData 82
Disclosure 82
Disclaimer 82

List of Tables
Table 1: Corridor Resources Inc., Key Facts 7
Table 2: Corridor Resources Inc., Share Price Performance, Q2, 2014-Q2, 2015 8
Table 3: Corridor Resources Inc., Key Valuation Metrics, Q2, 2014-Q2, 2015 9
Table 4: Corridor Resources Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 10
Table 5: Corridor Resources Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2014-Q2, 2015 11
Table 6: Corridor Resources Inc., Upstream Capital Expenditure, Q2, 2014-Q2, 2015 12
Table 7: Corridor Resources Inc., Total Crude Oil and Natural Gas, Production, Q2, 2014-Q2, 2015 13
Table 8: Corridor Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 14
Table 9: Corridor Resources Inc., Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 15
Table 10: Corridor Resources Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 16
Table 11: Corridor Resources Inc., Share Price Performance, 2010-2014 17
Table 12: Corridor Resources Inc., Key Valuation Metrics, 2010-2014 18
Table 13: Corridor Resources Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 20
Table 14: Corridor Resources Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 22
Table 15: Corridor Resources Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 23
Table 16: Corridor Resources Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 24
Table 17: Corridor Resources Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 25
Table 18: Corridor Resources Inc., Crude Oil Reserve Changes, mmbbl, 2010-2014 26
Table 19: Corridor Resources Inc., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 27
Table 20: Corridor Resources Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 29
Table 21: Corridor Resources Inc., Natural Gas Reserve Changes, bcf, 2010-2014 30
Table 22: Corridor Resources Inc., Oil and Gas Reserves Life Index, Years, 2010-2014 31
Table 23: Corridor Resources Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 33
Table 24: Corridor Resources Inc., Upstream Capital Expenditure, US$ mil, 2010-2014 34
Table 25: Corridor Resources Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 36
Table 26: Corridor Resources Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 38
Table 27: Corridor Resources Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 40
Table 28: Corridor Resources Inc., Oil and Gas Production Replacement Ratio, %, 2010-2014 41
Table 29: Corridor Resources Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 46
Table 30: Corridor Resources Inc., Revenue and Expenses, US$ mil, 2010-2014 47
Table 31: Corridor Resources Inc., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 52
Table 32: Corridor Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 53
Table 33: Corridor Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 57
Table 34: Corridor Resources Inc., Oil and Gas Performance Metrics, 2010-2014 58
Table 35: Corridor Resources Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 59
Table 36: Corridor Resources Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 61
Table 37: Corridor Resources Inc., Producible Oil and Gas Wells, 2010-2014 62
Table 38: Corridor Resources Inc., Producible Oil and Gas Wells, By Country/Region, 2010-2014 65

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


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