Pine Cliff Energy Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 87 |  Published By: GlobalData | Format: PDF
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Summary

Pine Cliff Energy Ltd (Pine Cliff) is an oil and gas company that offers exploration, production, and development of natural gas, crude oil, and natural gas liquids. The company operates through its core areas such as Edson Assets, Central Assets, and Southern Assets. It acquired Hatton properties and other islands in Southern Alberta and Southern Saskatchewan. Pine Cliff's Alberta assets are located in east of the City of Medicine Hat and produces oil and gas resources. The company's Saskatchewan assets are located near the town of Maple Creek. It also has working interest in Monogram unit and Pendor, Black Butte and Eagle Butte areas. Pine Cliff is headquartered in Calgary, Alberta, Canada.

Pine Cliff Energy Ltd. 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
Pine Cliff Energy Ltd., Valuation and Financial Data 8
Pine Cliff Energy Ltd., Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Pine Cliff Energy Ltd., Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Pine Cliff Energy Ltd., 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
Pine Cliff Energy Ltd., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Pine Cliff Energy Ltd., Quarterly Production Trends 13
Pine Cliff Energy Ltd., 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
Pine Cliff Energy Ltd., 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
Pine Cliff Energy Ltd., 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
Pine Cliff Energy Ltd., Valuation and Financial Data, 2012-2016 20
Pine Cliff Energy Ltd., Share Price Performance, 2012-2016 20
Key Valuation Metrics, 2012-2016 21
Pine Cliff Energy Ltd., 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 27
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 27
Crude Oil Production and Reserves By Country/Region, 2012-2016 28
Crude Oil/Liquids Reserve Changes, 2012-2016 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2012-2016 30
Natural Gas Production and Reserves, By Country/Region, 2012-2016 31
Natural Gas Reserve Changes, 2012-2016 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 35
Pine Cliff Energy Ltd., E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2012-2016 37
Acquisition Costs By Country/Region, 2012-2016 38
Exploration and Development Costs, By Country/Region, 2012-2016 40
Oil and Gas Cost Per boe, US$/boe 41
Oil and Gas Cost Per boe, US$/boe, 2012-2016 41
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 43
Pine Cliff Energy Ltd., Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2012-2016 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 48
Pine Cliff Energy Ltd., Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2012-2016 52
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 54
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 61
Pine Cliff Energy Ltd., Land Holdings and Well Data 62
Developed and Undeveloped Acreage 62
Gross and Net Developed and Undeveloped Acreage, 2012-2016 62
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 63
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
Pine Cliff Energy Ltd. - Recent Developments 74
Aug 09, 2017: Pine Cliff Energy Announces Second Quarter 2017 Results 74
May 10, 2017: Pine Cliff Energy Announces First Quarter 2017 Results 75
Apr 12, 2017: Pine Cliff Announces Borrowing Base Redetermination 76
Mar 14, 2017: Pine Cliff Energy Announces Record Revenue And Funds Flow, Fourth Quarter And Annual 2016 Results 76
Feb 13, 2017: Pine Cliff Energy Announces 2017 Guidance, 2016 Bank Debt Reduction And Year-End Reserves 78
Jan 05, 2017: Pine Cliff Energy announces resignation of CFO and corporate secretary 79
Dec 06, 2016: Pine Cliff Energy Announces $31.4 Million Disposition Of Non-Core Oil Assets And Management Update 80
Nov 09, 2016: Pine Cliff Energy Announces Record Revenue And Third Quarter 2016 Results 80
Aug 10, 2016: Pine Cliff Energy Announces The Conclusion Of The Borrowing Base Redetermination, Closing Of A Private Placement And Second Quarter 2016 Results 81
Appendix 84
Methodology 84
Coverage 84
Secondary Research 84
Primary Research 85
Data Information Sources 85
Company Source 85
SEC/Other Regulatory Filings 85
Other Sources 85
Expert Panel Validation 85
Data Definition 86
Oil and Gas Reserves 86
Units of Measure 86
About GlobalData 87
Disclosure 87
Disclaimer 87

List of Tables
Table 1: Pine Cliff Energy Ltd., Key Facts 7
Table 2: Pine Cliff Energy Ltd., Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Pine Cliff Energy Ltd., Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Pine Cliff Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Pine Cliff Energy Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Pine Cliff Energy Ltd., Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Pine Cliff Energy Ltd., Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 14
Table 8: Pine Cliff Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Table 9: Pine Cliff Energy Ltd., Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Table 10: Pine Cliff Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Table 11: Pine Cliff Energy Ltd., Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Table 12: Pine Cliff Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Table 13: Pine Cliff Energy Ltd., Share Price Performance, 2012-2016 20
Table 14: Pine Cliff Energy Ltd., Key Valuation Metrics, 2012-2016 21
Table 15: Pine Cliff Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23
Table 16: Pine Cliff Energy Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 25
Table 17: Pine Cliff Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 26
Table 18: Pine Cliff Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Table 19: Pine Cliff Energy Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: Pine Cliff Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2012-2016 29
Table 21: Pine Cliff Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Table 22: Pine Cliff Energy Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 32
Table 23: Pine Cliff Energy Ltd., Natural Gas Reserve Changes, bcf, 2012-2016 33
Table 24: Pine Cliff Energy Ltd., Oil and Gas Reserves Life Index, Years, 2012-2016 34
Table 25: Pine Cliff Energy Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 36
Table 26: Pine Cliff Energy Ltd., Upstream Capital Expenditure, US$ mil, 2012-2016 37
Table 27: Pine Cliff Energy Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Table 28: Pine Cliff Energy Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 40
Table 29: Pine Cliff Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 42
Table 30: Pine Cliff Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 44
Table 31: Pine Cliff Energy Ltd., Oil and Gas Production Replacement Ratio, %, 2012-2016 46
Table 32: Pine Cliff Energy Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 51
Table 33: Pine Cliff Energy Ltd., Revenue and Expenses, US$ mil, 2012-2016 53
Table 34: Pine Cliff Energy Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 56
Table 35: Pine Cliff Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 57
Table 36: Pine Cliff Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 60
Table 37: Pine Cliff Energy Ltd., Oil and Gas Performance Metrics, 2012-2016 61
Table 38: Pine Cliff Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 62
Table 39: Pine Cliff Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 65
Table 40: Pine Cliff Energy Ltd., Producible Oil and Gas Wells, 2012-2016 66
Table 41: Pine Cliff Energy Ltd., Producible Oil and Gas Wells, By Country/Region, 2012-2016 71
Table 42: Pine Cliff Energy Ltd., Exploratory and Developed Wells, 2012-2016 72
Table 43: Pine Cliff Energy Ltd., Exploratory and Developed Wells, By Country/Region, 2012-2016 73

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


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