Questerre Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014

 Published On: Jan, 2015 |    No of Pages: 84 |  Published By: GlobalData | Format: PDF
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Summary

Questerre 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 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 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
Questerre Energy Corporation, Valuation and Financial Data 9
Questerre Energy Corporation, Share Price Performance 9
Share Price Performance, Q3, 2013-Q3, 2014 9
Questerre Energy Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Questerre Energy Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q3, 2013-Q3, 2014 11
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2013-Q3, 2014 12
Questerre Energy Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Questerre Energy Corporation, Quarterly Production Trends 14
Questerre Energy Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 15
Questerre Energy Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 16
Crude Oil Production, By Country/Region, Q3, 2013-Q3, 2014 17
Questerre Energy Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q3, 2013-Q3, 2014 18
Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 19
Questerre Energy Corporation, Valuation and Financial Data, 2009-2013 20
Questerre Energy Corporation, Share Price Performance, 2009-2013 20
Share Price Performance, 2009-2013 20
Key Valuation Metrics, 2009-2013 21
Questerre 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, 2009-2013 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 24
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 27
Crude Oil Production and Reserves By Country/Region, 2009-2013 28
Crude Oil/Liquids Reserve Changes, 2009-2013 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2009-2013 31
Natural Gas Production and Reserves, By Country/Region, 2009-2013 32
Natural Gas Reserve Changes, 2009-2013 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 36
Questerre Energy Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2009-2013 38
Acquisition Costs By Country/Region, 2009-2013 39
Exploration and Development Costs, By Country/Region, 2009-2013 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2009-2013 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 44
Questerre Energy Corporation, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2009-2013 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 48
Questerre Energy Corporation, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2009-2013 52
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2009-2013 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 59
Oil and Gas Performance Metrics 63
Questerre Energy Corporation, Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2009-2013 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 65
Well Statistics 67
Producible Oil and Gas Well, 2009-2013 67
Producible Oil and Gas Well, By Country/Region, 2009-2013 68
Exploration and Development Wells Drilled, 2009-2013 72
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 73
Recent Developments 74
Questerre Energy Corporation - Recent Developments 74
Jan 02, 2015: Questerre Targets Conservative Capital Program For 2015 74
Dec 04, 2014: Questerre Appoints Ted Roberts To Board 74
Nov 13, 2014: Questerre Reports Third Quarter 2014 Results 75
Oct 16, 2014: Questerre Updates Montney Activities 76
Aug 26, 2014: QEC Announces Kakwa South Well Tests at Over 800 boe/d With 70 bbls/MMcf of Liquids 77
Aug 25, 2014: Kakwa South well tests at over 800 boe/d with 70 bbls/MMcf of liquids 78
Aug 14, 2014: Questerre Energy : Montney Development Plan Underway 79
Jul 27, 2014: Questerre updates Montney activities 2014-07-27 80
Jun 30, 2014: Questerre credit facilities expanded to $50 million 80
Jun 12, 2014: Questerre appoints Earl Hickok to Board and reports voting results of election of directors 81
Appendix 82
Methodology 82
Coverage 82
Secondary Research 82
Primary Research 82
Data Information Sources 83
Company Source 83
SEC/Other Regulatory Filings 83
Other Sources 83
Expert Panel Validation 83
Data Definition 83
Oil and Gas Reserves 83
Units of Measure 84
About GlobalData 84
Disclosure 84
Disclaimer 84

List of Tables
Table 1: Questerre Energy Corporation, Key Facts 8
Table 2: Questerre Energy Corporation, Share Price Performance, Q3, 2013-Q3, 2014 9
Table 3: Questerre Energy Corporation, Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Table 4: Questerre Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Table 5: Questerre Energy Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 12
Table 6: Questerre Energy Corporation, Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Table 7: Questerre Energy Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 14
Table 8: Questerre Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Table 9: Questerre Energy Corporation, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Table 10: Questerre Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Table 11: Questerre Energy Corporation, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Table 12: Questerre Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Table 13: Questerre Energy Corporation, Share Price Performance, 2009-2013 20
Table 14: Questerre Energy Corporation, Key Valuation Metrics, 2009-2013 21
Table 15: Questerre Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 23
Table 16: Questerre Energy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 25
Table 17: Questerre Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 26
Table 18: Questerre Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Table 19: Questerre Energy Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 29
Table 20: Questerre Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2009-2013 30
Table 21: Questerre Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Table 22: Questerre Energy Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 33
Table 23: Questerre Energy Corporation, Natural Gas Reserve Changes, bcf, 2009-2013 34
Table 24: Questerre Energy Corporation, Oil and Gas Reserves Life Index, Years, 2009-2013 35
Table 25: Questerre Energy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 37
Table 26: Questerre Energy Corporation, Upstream Capital Expenditure, US$ mil, 2009-2013 38
Table 27: Questerre Energy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Table 28: Questerre Energy Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 41
Table 29: Questerre Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 42
Table 30: Questerre Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 45
Table 31: Questerre Energy Corporation, Oil and Gas Production Replacement Ratio, %, 2009-2013 46
Table 32: Questerre Energy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 51
Table 33: Questerre Energy Corporation, Revenue and Expenses, US$ mil, 2009-2013 52
Table 34: Questerre Energy Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 57
Table 35: Questerre Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 58
Table 36: Questerre Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 62
Table 37: Questerre Energy Corporation, Oil and Gas Performance Metrics, 2009-2013 63
Table 38: Questerre Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 64
Table 39: Questerre Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 66
Table 40: Questerre Energy Corporation, Producible Oil and Gas Wells, 2009-2013 67
Table 41: Questerre Energy Corporation, Producible Oil and Gas Wells, By Country/Region, 2009-2013 71
Table 42: Questerre Energy Corporation, Exploratory and Developed Wells, 2009-2013 72
Table 43: Questerre Energy Corporation, Exploratory and Developed Wells, By Country/Region, 2009-2013 73

List of Figures
Figure 1: Questerre Energy Corporation, Share Price Performance, CAD/Share, Q3, 2013-Q3, 2014 9
Figure 2: Questerre Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 10
Figure 3: Questerre Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Figure 4: Questerre Energy Corporation, Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 13
Figure 5: Questerre Energy Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 14
Figure 6: Questerre Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Figure 7: Questerre Energy Corporation, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Figure 8: Questerre Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Figure 9: Questerre Energy Corporation, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Figure 10: Questerre Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Figure 11: Questerre Energy Corporation, Share Price Performance, CAD/Share, 2009-2013 20
Figure 12: Questerre Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 21
Figure 13: Questerre Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 22
Figure 14: Questerre Energy Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 24
Figure 15: Questerre Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 24
Figure 16: Questerre Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 26
Figure 17: Questerre Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Figure 18: Questerre Energy Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 28
Figure 19: Questerre Energy Corporation, Oil Production, By Country/Region, mmbbl, 2009-2013 28
Figure 20: Questerre Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2013 30
Figure 21: Questerre Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Figure 22: Questerre Energy Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2009-2013 32
Figure 23: Questerre Energy Corporation, Gas Production, By Country/Region, bcf, 2009-2013 32
Figure 24: Questerre Energy Corporation, Natural Gas Reserve Changes, bcf, 2013 34
Figure 25: Questerre Energy Corporation, Oil and Gas Reserves Life Index, Years, 2009-2013 35
Figure 26: Questerre Energy Corporation, Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 27: Questerre Energy Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 28: Questerre Energy Corporation, Oil Reserve Life Index, By Country/Region, Years, 2009-2013 37
Figure 29: Questerre Energy Corporation, Upstream Capital Expenditure, US$ mil, 2009-2013 38
Figure 30: Questerre Energy Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Figure 31: Questerre Energy Corporation, Development Costs, By Country/Region, US$ mil, 2009-2013 40
Figure 32: Questerre Energy Corporation, Exploration Costs, By Country/Region, US$ mil, 2009-2013 40
Figure 33: Questerre Energy Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 42
Figure 34: Questerre Energy Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 44
Figure 35: Questerre Energy Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 44
Figure 36: Questerre Energy Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 45
Figure 37: Questerre Energy Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 46
Figure 38: Questerre Energy Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 48
Figure 39: Questerre Energy Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 48
Figure 40: Questerre Energy Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 49
Figure 41: Questerre Energy Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 49
Figure 42: Questerre Energy Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 50
Figure 43: Questerre Energy Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 50
Figure 44: Questerre Energy Corporation, Revenue and Expenses, US$ mil, 2009-2013 52
Figure 45: Questerre Energy Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 46: Questerre Energy Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 47: Questerre Energy Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 54
Figure 48: Questerre Energy Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 54
Figure 49: Questerre Energy Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 55
Figure 50: Questerre Energy Corporation, Production Costs, By Country/Region, US$ mil, 2009-2013 55
Figure 51: Questerre Energy Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 56
Figure 52: Questerre Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 58
Figure 53: Questerre Energy Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 59
Figure 54: Questerre Energy Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 59
Figure 55: Questerre Energy Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 60
Figure 56: Questerre Energy Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 60
Figure 57: Questerre Energy Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 61
Figure 58: Questerre Energy Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 61
Figure 59: Questerre Energy Corporation, Oil and Gas Performance Metrics, 2009-2013 63
Figure 60: Questerre Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 64
Figure 61: Questerre Energy Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 65
Figure 62: Questerre Energy Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 65
Figure 63: Questerre Energy Corporation, Producible Oil and Gas Wells, 2009-2013 67
Figure 64: Questerre Energy Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2009-2013 68
Figure 65: Questerre Energy Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 68
Figure 66: Questerre Energy Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 69
Figure 67: Questerre Energy Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 69
Figure 68: Questerre Energy Corporation, Net Productive Gas Wells, By Country/Region, Number, 2009-2013 70
Figure 69: Questerre Energy Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 70
Figure 70: Questerre Energy Corporation, Net Productive Oil Wells, By Country/Region, Number, 2009-2013 71
Figure 71: Questerre Energy Corporation, Exploratory and Developed Wells, 2009-2013 72


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