Ecopetrol S.A. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2016

 Published On: Aug, 2016 |    No of Pages: 52 |  Published By: GlobalData | Format: PDF
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Summary

Ecopetrol S.A. 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 6
Key Information 6
Company Overview 6
Ecopetrol S.A., Valuation and Financial Data 7
Ecopetrol S.A., Share Price Performance 7
Share Price Performance, Q1, 2015-Q1, 2016 7
Ecopetrol S.A., Key Valuation Metrics 8
Key Valuation Metrics, Q1, 2015-Q1, 2016 8
Ecopetrol S.A., Quarterly E&P Costs Trends 9
Upstream Capital Expenditure, Q1, 2015-Q1, 2016 9
Ecopetrol S.A., Quarterly Production Trends 10
Ecopetrol S.A., Total Oil and Gas Production 10
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 10
Ecopetrol S.A., Crude Oil Production 11
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 11
Ecopetrol S.A., Natural Gas Production 12
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 12
Ecopetrol S.A., Valuation and Financial Data, 2011-2015 13
Ecopetrol S.A., Share Price Performance, 2011-2015 13
Share Price Performance, 2011-2015 13
Key Valuation Metrics, 2011-2015 14
Ecopetrol S.A., Production and Reserves Trends 15
Total Oil and Gas, Reserves and Production 15
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 15
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 17
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 18
Crude Oil/Liquids Production and Reserve 19
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 19
Crude Oil Production and Reserves By Country/Region, 2011-2015 20
Crude Oil/Liquids Reserve Changes, 2011-2015 21
Natural Gas Production and Reserve 22
Natural Gas Production and Reserve Trend, 2011-2015 22
Natural Gas Production and Reserves, By Country/Region, 2011-2015 23
Natural Gas Reserve Changes, 2011-2015 24
Total Crude Oil and Natural Gas Reserves Life Index 25
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 25
Ecopetrol S.A., E&P Costs Trends 26
Allocation of the Upstream Capital Expenditure 26
Upstream Capital Expenditure, 2011-2015 26
Oil and Gas Cost Per boe, US$/boe 27
Oil and Gas Cost Per boe, US$/boe, 2011-2015 27
Ecopetrol S.A., Reserve Replacement Ratio 29
Oil and Gas Production Replacement Ratio 29
Oil and Gas Production Replacement Ratio, 2011-2015 29
Ecopetrol S.A., Results of Oil & Gas Operations Trend 31
Oil and Gas Revenue and Expenses 31
Oil and Gas Revenue and Expenses, 2011-2015 31
Oil and Gas Revenue and Expenses, Per boe 32
Oil and Gas Revenue and Expenses, By boe, 2011-2015 32
Oil and Gas Performance Metrics 33
Ecopetrol S.A., Land Holdings and Well Data 34
Developed and Undeveloped Acreage 34
Gross and Net Developed and Undeveloped Acreage, 2011-2015 34
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 35
Well Statistics 38
Producible Oil and Gas Well, 2011-2015 38
Producible Oil and Gas Well, By Country/Region, 2011-2015 39
Exploration and Development Wells Drilled, 2011-2015 44
Recent Developments 45
Ecopetrol S.A. - Recent Developments 45
Jul 11, 2016: Ecopetrol Reports On Establishment Of New Companies That Will Comprise Part Of The Ecopetrol Business Group 45
Jul 01, 2016: Ecopetrol Takes Control Of Wells At Rubiales Field In Colombia 45
Jun 24, 2016: Ecopetrol Offers 20 Production Assets To Oil And Gas Companies 45
Jun 07, 2016: Ecopetrol Continues The Implementation Of Hedge Accounting Policy 46
May 03, 2016: Ecopetrol Announces Its Results For The First Quarter Of 2016 46
Apr 30, 2016: Ecopetrol Suspends Oil Flows Via Cano-Limon Covenas Pipeline In Columbia 48
Apr 27, 2016: Ecopetrol Adjusts its 2016 Investment Plan 48
Apr 08, 2016: Ecopetrol To Buy Four Crude Oil Cargoes For Cartagena Refinery 49
Mar 29, 2016: Ecopetrol Files Lawsuit Against CB&I Over Damages To Reficar Refinery 49
Mar 17, 2016: Ecopetrol Suspends Three Crude Oil Shipments After Rebel Attacks 49
Appendix 50
Methodology 50
Coverage 50
Secondary Research 50
Primary Research 50
Data Information Sources 51
Company Source 51
SEC/Other Regulatory Filings 51
Other Sources 51
Expert Panel Validation 51
Data Definition 51
Oil and Gas Reserves 51
Units of Measure 52
About GlobalData 52
Disclosure 52
Disclaimer 52

List of Tables
Table 1: Ecopetrol S.A., Key Facts 6
Table 2: Ecopetrol S.A., Share Price Performance, Q1, 2015-Q1, 2016 7
Table 3: Ecopetrol S.A., Key Valuation Metrics, Q1, 2015-Q1, 2016 8
Table 4: Ecopetrol S.A., Upstream Capital Expenditure, Q1, 2015-Q1, 2016 9
Table 5: Ecopetrol S.A., Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 10
Table 6: Ecopetrol S.A., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 11
Table 7: Ecopetrol S.A., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 12
Table 8: Ecopetrol S.A., Share Price Performance, 2011-2015 13
Table 9: Ecopetrol S.A., Key Valuation Metrics, 2011-2015 14
Table 10: Ecopetrol S.A., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 16
Table 11: Ecopetrol S.A., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 17
Table 12: Ecopetrol S.A., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 18
Table 13: Ecopetrol S.A., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 19
Table 14: Ecopetrol S.A., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 20
Table 15: Ecopetrol S.A., Crude Oil Reserve Changes, mmbbl, 2011-2015 21
Table 16: Ecopetrol S.A., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 22
Table 17: Ecopetrol S.A., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 23
Table 18: Ecopetrol S.A., Natural Gas Reserve Changes, bcf, 2011-2015 24
Table 19: Ecopetrol S.A., Oil and Gas Reserves Life Index, Years, 2011-2015 25
Table 20: Ecopetrol S.A., Upstream Capital Expenditure, US$ mil, 2011-2015 26
Table 21: Ecopetrol S.A., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 28
Table 22: Ecopetrol S.A., Oil and Gas Production Replacement Ratio, %, 2011-2015 29
Table 23: Ecopetrol S.A., Revenue and Expenses, US$ mil, 2011-2015 31
Table 24: Ecopetrol S.A., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 32
Table 25: Ecopetrol S.A., Oil and Gas Performance Metrics, 2011-2015 33
Table 26: Ecopetrol S.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 34
Table 27: Ecopetrol S.A., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 37
Table 28: Ecopetrol S.A., Producible Oil and Gas Wells, 2011-2015 38
Table 29: Ecopetrol S.A., Producible Oil and Gas Wells, By Country/Region, 2011-2015 42
Table 30: Ecopetrol S.A., Exploratory and Developed Wells, 2011-2015 44

List of Figures
Figure 1: Ecopetrol S.A., Share Price Performance, USD/Share, Q1, 2015-Q1, 2016 7
Figure 2: Ecopetrol S.A., Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 9
Figure 3: Ecopetrol S.A., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 10
Figure 4: Ecopetrol S.A., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 11
Figure 5: Ecopetrol S.A., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 12
Figure 6: Ecopetrol S.A., Share Price Performance, USD/Share, 2011-2015 13
Figure 7: Ecopetrol S.A., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 14
Figure 8: Ecopetrol S.A., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 15
Figure 9: Ecopetrol S.A., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 17
Figure 10: Ecopetrol S.A., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 18
Figure 11: Ecopetrol S.A., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 19
Figure 12: Ecopetrol S.A., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 20
Figure 13: Ecopetrol S.A., Crude Oil Reserve Changes, mmbbl, 2015 21
Figure 14: Ecopetrol S.A., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 22
Figure 15: Ecopetrol S.A., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 23
Figure 16: Ecopetrol S.A., Natural Gas Reserve Changes, bcf, 2015 24
Figure 17: Ecopetrol S.A., Oil and Gas Reserves Life Index, Years, 2011-2015 25
Figure 18: Ecopetrol S.A., Upstream Capital Expenditure, US$ mil, 2011-2015 26
Figure 19: Ecopetrol S.A., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 27
Figure 20: Ecopetrol S.A., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 29
Figure 21: Ecopetrol S.A., Revenue and Expenses, US$ mil, 2011-2015 31
Figure 22: Ecopetrol S.A., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 32
Figure 23: Ecopetrol S.A., Oil and Gas Performance Metrics, 2011-2015 33
Figure 24: Ecopetrol S.A., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 34
Figure 25: Ecopetrol S.A., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 35
Figure 26: Ecopetrol S.A., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 35
Figure 27: Ecopetrol S.A., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 36
Figure 28: Ecopetrol S.A., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 36
Figure 29: Ecopetrol S.A., Producible Oil and Gas Wells, 2011-2015 38
Figure 30: Ecopetrol S.A., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 39
Figure 31: Ecopetrol S.A., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 39
Figure 32: Ecopetrol S.A., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 40
Figure 33: Ecopetrol S.A., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 40
Figure 34: Ecopetrol S.A., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 41
Figure 35: Ecopetrol S.A., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 41
Figure 36: Ecopetrol S.A., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 42
Figure 37: Ecopetrol S.A., Exploratory and Developed Wells, 2011-2015 44


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