Bonavista Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 126 |  Published By: GlobalData | Format: PDF
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Summary

Bonavista Energy Corporation (Bonavista) is an intermediate energy company, which acquires, explores for, develops and produces oil and natural gas from its assets in the provinces of Alberta, British Columbia and Saskatchewan. Its core operations are concentrated in the Glauconite and Falher plays in the west central Alberta, and Wilrich and Bluesky plays in the Deep Basin core areas. Bonavista also has interests in Montney resource play in the Blueberry area in northeast British Columbia. The company's western core region is its largest project area, which offers multi-zone oil and liquids rich natural gas resources. Bonavista is headquartered in Calgary, Alberta, Canada.

Bonavista Energy Corporation 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
Bonavista Energy Corporation, Valuation and Financial Data 8
Bonavista Energy Corporation, Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Bonavista Energy Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Bonavista Energy Corporation, 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
Bonavista Energy Corporation, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Bonavista Energy Corporation, Quarterly Production Trends 13
Bonavista Energy Corporation, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2016-Q1, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 15
Bonavista Energy Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 16
Crude Oil Production, By Country/Region, Q1, 2016-Q1, 2017 17
Bonavista Energy Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 18
Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 19
Bonavista Energy Corporation, Valuation and Financial Data, 2012-2016 20
Bonavista Energy Corporation, Share Price Performance, 2012-2016 20
Share Price Performance, 2012-2016 20
Key Valuation Metrics, 2012-2016 21
Bonavista Energy Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 24
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 26
Crude Oil/Liquids Production and Reserve 28
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 28
Crude Oil Production and Reserves By Country/Region, 2012-2016 29
Crude Oil/Liquids Reserve Changes, 2012-2016 31
Natural Gas Production and Reserve 32
Natural Gas Production and Reserve Trend, 2012-2016 32
Natural Gas Production and Reserves, By Country/Region, 2012-2016 33
Natural Gas Reserve Changes, 2012-2016 35
Total Crude Oil and Natural Gas Reserves Life Index 36
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 36
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 37
Bonavista Energy Corporation, E&P Costs Trends 39
Allocation of the Upstream Capital Expenditure 39
Upstream Capital Expenditure, 2012-2016 39
Acquisition Costs By Country/Region, 2012-2016 40
Exploration and Development Costs, By Country/Region, 2012-2016 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2012-2016 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 45
Bonavista Energy Corporation, Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2012-2016 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 50
Bonavista Energy Corporation, Results of Oil & Gas Operations Trend 54
Oil and Gas Revenue and Expenses 54
Oil and Gas Revenue and Expenses, 2012-2016 54
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 56
Oil and Gas Revenue and Expenses, Per boe 60
Oil and Gas Revenue and Expenses, By boe, 2012-2016 60
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 61
Oil and Gas Performance Metrics 65
Bonavista Energy Corporation, Land Holdings and Well Data 66
Developed and Undeveloped Acreage 66
Gross and Net Developed and Undeveloped Acreage, 2012-2016 66
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 67
Well Statistics 69
Producible Oil and Gas Well, 2012-2016 69
Producible Oil and Gas Well, By Country/Region, 2012-2016 70
Exploration and Development Wells Drilled, 2012-2016 75
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 77
Recent Developments 78
Bonavista Energy Corporation - Recent Developments 78
Jul 27, 2017: Bonavista Energy Announces 2017 Second Quarter Results 78
Jul 27, 2017: Bonavista Energy Announces 2017 Second Quarter Results 82
May 04, 2017: Bonavista Energy Announces 2017 First Quarter Results 87
Mar 02, 2017: Bonavista Energy Announces 2016 Fourth Quarter And Year End Results 92
Feb 01, 2017: Bonavista Energy Replaces 131% Of 2016 Production With The Addition Of 32.8 MMboe Of Proved Plus Probable Reserves At No Net Cost 97
Nov 03, 2016: Bonavista Energy Announces 2016 Third Quarter Results 100
Aug 08, 2016: AER To Hold Public Hearing For Bonavista Energy's Gilby Field 105
Jul 26, 2016: Bonavista Energy Announces 2016 Second Quarter Results 105
May 31, 2016: AER To Hold Public Hearing For Bonavista Energy's Gilby Field 110
May 05, 2016: Bonavista Energy Announces 2016 First Quarter Results 110
Appendix 115
Methodology 115
Coverage 115
Secondary Research 115
Primary Research 116
Data Information Sources 116
Company Source 116
SEC/Other Regulatory Filings 116
Other Sources 116
Expert Panel Validation 116
Data Definition 117
Oil and Gas Reserves 117
Units of Measure 117
About GlobalData 118
Disclosure 118
Disclaimer 118

List of Tables
Table 1: Bonavista Energy Corporation, Key Facts 7
Table 2: Bonavista Energy Corporation, Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Bonavista Energy Corporation, Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Bonavista Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Bonavista Energy Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Bonavista Energy Corporation, Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Bonavista Energy Corporation, Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 14
Table 8: Bonavista Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Table 9: Bonavista Energy Corporation, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Table 10: Bonavista Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Table 11: Bonavista Energy Corporation, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Table 12: Bonavista Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Table 13: Bonavista Energy Corporation, Share Price Performance, 2012-2016 20
Table 14: Bonavista Energy Corporation, Key Valuation Metrics, 2012-2016 21
Table 15: Bonavista Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23
Table 16: Bonavista Energy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 25
Table 17: Bonavista Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 27
Table 18: Bonavista Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 28
Table 19: Bonavista Energy Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 30
Table 20: Bonavista Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2012-2016 31
Table 21: Bonavista Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 32
Table 22: Bonavista Energy Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 34
Table 23: Bonavista Energy Corporation, Natural Gas Reserve Changes, bcf, 2012-2016 35
Table 24: Bonavista Energy Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 36
Table 25: Bonavista Energy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 38
Table 26: Bonavista Energy Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 39
Table 27: Bonavista Energy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Table 28: Bonavista Energy Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 42
Table 29: Bonavista Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 44
Table 30: Bonavista Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 46
Table 31: Bonavista Energy Corporation, Oil and Gas Production Replacement Ratio, %, 2012-2016 48
Table 32: Bonavista Energy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 53
Table 33: Bonavista Energy Corporation, Revenue and Expenses, US$ mil, 2012-2016 55
Table 34: Bonavista Energy Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 59
Table 35: Bonavista Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 60
Table 36: Bonavista Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 64
Table 37: Bonavista Energy Corporation, Oil and Gas Performance Metrics, 2012-2016 65
Table 38: Bonavista Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 66
Table 39: Bonavista Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 68
Table 40: Bonavista Energy Corporation, Producible Oil and Gas Wells, 2012-2016 69
Table 41: Bonavista Energy Corporation, Producible Oil and Gas Wells, By Country/Region, 2012-2016 74
Table 42: Bonavista Energy Corporation, Exploratory and Developed Wells, 2012-2016 76
Table 43: Bonavista Energy Corporation, Exploratory and Developed Wells, By Country/Region, 2012-2016 77

List of Figures
Figure 1: Bonavista Energy Corporation, Share Price Performance, CAD/Share, Q1, 2016-Q1, 2017 8
Figure 2: Bonavista Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2016-Q1, 2017 9
Figure 3: Bonavista Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Figure 4: Bonavista Energy Corporation, Upstream Capital Expenditure, US$ mil, Q1, 2016-Q1, 2017 12
Figure 5: Bonavista Energy Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2016-Q1, 2017 13
Figure 6: Bonavista Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Figure 7: Bonavista Energy Corporation, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Figure 8: Bonavista Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Figure 9: Bonavista Energy Corporation, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Figure 10: Bonavista Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Figure 11: Bonavista Energy Corporation, Share Price Performance, CAD/Share, 2012-2016 20
Figure 12: Bonavista Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 21
Figure 13: Bonavista Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Figure 14: Bonavista Energy Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 24
Figure 15: Bonavista Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 24
Figure 16: Bonavista Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 26
Figure 17: Bonavista Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 28
Figure 18: Bonavista Energy Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 29
Figure 19: Bonavista Energy Corporation, Oil Production, By Country/Region, mmbbl, 2012-2016 29
Figure 20: Bonavista Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2016 31
Figure 21: Bonavista Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 32
Figure 22: Bonavista Energy Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 33
Figure 23: Bonavista Energy Corporation, Gas Production, By Country/Region, bcf, 2012-2016 33
Figure 24: Bonavista Energy Corporation, Natural Gas Reserve Changes, bcf, 2016 35
Figure 25: Bonavista Energy Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 36
Figure 26: Bonavista Energy Corporation, Gas Reserve Life Index, By Country/Region, Years, 2012-2016 37
Figure 27: Bonavista Energy Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 37
Figure 28: Bonavista Energy Corporation, Oil Reserve Life Index, By Country/Region, Years, 2012-2016 38
Figure 29: Bonavista Energy Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 39
Figure 30: Bonavista Energy Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 31: Bonavista Energy Corporation, Development Costs, By Country/Region, US$ mil, 2012-2016 41
Figure 32: Bonavista Energy Corporation, Exploration Costs, By Country/Region, US$ mil, 2012-2016 41
Figure 33: Bonavista Energy Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 43
Figure 34: Bonavista Energy Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 45
Figure 35: Bonavista Energy Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 45
Figure 36: Bonavista Energy Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 47
Figure 37: Bonavista Energy Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 50
Figure 38: Bonavista Energy Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 50
Figure 39: Bonavista Energy Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 51
Figure 40: Bonavista Energy Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 51
Figure 41: Bonavista Energy Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 52
Figure 42: Bonavista Energy Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 52
Figure 43: Bonavista Energy Corporation, Revenue and Expenses, US$ mil, 2012-2016 54
Figure 44: Bonavista Energy Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56
Figure 45: Bonavista Energy Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56
Figure 46: Bonavista Energy Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 57
Figure 47: Bonavista Energy Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 57
Figure 48: Bonavista Energy Corporation, Production Costs, By Country/Region, US$ mil, 2012-2016 58
Figure 49: Bonavista Energy Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 58
Figure 50: Bonavista Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 60
Figure 51: Bonavista Energy Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2012-2016 61
Figure 52: Bonavista Energy Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 61
Figure 53: Bonavista Energy Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2012-2016 62
Figure 54: Bonavista Energy Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 62
Figure 55: Bonavista Energy Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 63
Figure 56: Bonavista Energy Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 63
Figure 57: Bonavista Energy Corporation, Oil and Gas Performance Metrics, 2012-2016 65
Figure 58: Bonavista Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 66
Figure 59: Bonavista Energy Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 67
Figure 60: Bonavista Energy Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 67
Figure 61: Bonavista Energy Corporation, Producible Oil and Gas Wells, 2012-2016 69
Figure 62: Bonavista Energy Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 70
Figure 63: Bonavista Energy Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 70
Figure 64: Bonavista Energy Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 71
Figure 65: Bonavista Energy Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 71
Figure 66: Bonavista Energy Corporation, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 67: Bonavista Energy Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 68: Bonavista Energy Corporation, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 73
Figure 69: Bonavista Energy Corporation, Exploratory and Developed Wells, 2012-2016 75


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