Valeura Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 96 |  Published By: GlobalData | Format: PDF
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Summary

Valeura Energy Inc. (Valeura), formerly PanWestern Energy Inc., is an upstream oil and gas company that explores for, develops and produces petroleum and natural gas in Turkey. It produces conventional shallow natural gas and unconventional tight gas. Valeura operates in Thrace Basin in northwest Turkey and the Anatolian Basin in southeast Turkey. The company also produces natural gas at Thrace Basin to the west of Istanbul that extends to the borders of Greece and Bulgaria. Besides upstream operations, the company owns gas gathering and sales infrastructure to market natural gas to end users directly. Valeura is headquartered in Calgary, Alberta, Canada.

Valeura Energy 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 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
Valeura Energy Inc., Valuation and Financial Data 8
Valeura Energy Inc., Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Valeura Energy Inc., Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Valeura Energy Inc., 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
Valeura Energy Inc., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Valeura Energy Inc., Quarterly Production Trends 13
Valeura Energy Inc., 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 14
Valeura Energy Inc., Crude Oil Production 15
Crude Oil Production, By Country/Region, Q1, 2016-Q1, 2017 16
Valeura Energy Inc., Natural Gas Production 17
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 17
Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 18
Valeura Energy Inc., Valuation and Financial Data, 2012-2016 19
Valeura Energy Inc., Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
Valeura Energy Inc., Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 21
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 24
Crude Oil/Liquids Production and Reserve 25
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 25
Crude Oil/Liquids Reserve Changes, 2012-2016 27
Natural Gas Production and Reserve 28
Natural Gas Production and Reserve Trend, 2012-2016 28
Natural Gas Production and Reserves, By Country/Region, 2012-2016 29
Natural Gas Reserve Changes, 2012-2016 30
Total Crude Oil and Natural Gas Reserves Life Index 31
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 31
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 32
Valeura Energy Inc., E&P Costs Trends 34
Allocation of the Upstream Capital Expenditure 34
Upstream Capital Expenditure, 2012-2016 34
Oil and Gas Cost Per boe, US$/boe 36
Oil and Gas Cost Per boe, US$/boe, 2012-2016 36
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 38
Valeura Energy Inc., Reserve Replacement Ratio 40
Oil and Gas Production Replacement Ratio 40
Oil and Gas Production Replacement Ratio, 2012-2016 40
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 43
Valeura Energy Inc., Results of Oil & Gas Operations Trend 47
Oil and Gas Revenue and Expenses 47
Oil and Gas Revenue and Expenses, 2012-2016 47
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 49
Oil and Gas Revenue and Expenses, Per boe 53
Oil and Gas Revenue and Expenses, By boe, 2012-2016 53
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 54
Oil and Gas Performance Metrics 58
Valeura Energy Inc., Land Holdings and Well Data 59
Developed and Undeveloped Acreage 59
Gross and Net Developed and Undeveloped Acreage, 2012-2016 59
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 60
Well Statistics 62
Producible Oil and Gas Well, 2012-2016 62
Producible Oil and Gas Well, By Country/Region, 2012-2016 63
Exploration and Development Wells Drilled, 2012-2016 67
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 69
Recent Developments 70
Valeura Energy Inc. - Recent Developments 70
Aug 10, 2017: Valeura Announces Second Quarter 2017 Financial And Operating Results 70
Jul 24, 2017: Valeura Announces Rig Release From Yamalik-1 Well And Positive Evaluation Results 73
Jun 22, 2017: Valeura Announces Closing Of Subsequent West Thrace Deep Rights Sale To Statoil And Operational Update 74
May 17, 2017: Valeura Energy appoints COO 75
May 10, 2017: Valeura Announces First Quarter 2017 Financial And Operating Results, Completion Of Transformational Transactions And Imminent Start Of Deep Drilling Operations 75
Mar 14, 2017: Valeura Energy Announces Fourth Quarter 2016 Financial And Operating Results And Year-End 2016 Reserves 78
Dec 30, 2016: TransAtlantic Announces Receipt Of Key Governmental Approval For Sale Of Its Subsidiary, Thrace Basin Natural Gas (Turkiye) Corporation, And Provides An Operations Update 83
Nov 10, 2016: Valeura Announces Q3 2016 Financial & Operating Results And Progress On Recent Transformational Transactions 84
Oct 13, 2016: TransAtlantic Petroleum Announces Entry Into Agreement For The Sale Of Its Subsidiary, And Provides A Production Update 88
Aug 19, 2016: Valeura Announces Execution Of Definitive Agreements For Statoil Farm-In On Banarli Licences In Turkey 89
Appendix 91
Methodology 91
Coverage 91
Secondary Research 91
Primary Research 92
Data Information Sources 92
Company Source 92
SEC/Other Regulatory Filings 92
Other Sources 92
Expert Panel Validation 92
Data Definition 93
Oil and Gas Reserves 93
Units of Measure 93
About GlobalData 94
Disclosure 94
Disclaimer 94

List of Tables
Table 1: Valeura Energy Inc., Key Facts 7
Table 2: Valeura Energy Inc., Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Valeura Energy Inc., Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Valeura Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Valeura Energy Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Valeura Energy Inc., Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Valeura Energy Inc., Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 13
Table 8: Valeura Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 14
Table 9: Valeura Energy Inc., Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 15
Table 10: Valeura Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 16
Table 11: Valeura Energy Inc., Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 17
Table 12: Valeura Energy Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 18
Table 13: Valeura Energy Inc., Share Price Performance, 2012-2016 19
Table 14: Valeura Energy Inc., Key Valuation Metrics, 2012-2016 20
Table 15: Valeura Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: Valeura Energy Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 23
Table 17: Valeura Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 24
Table 18: Valeura Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 25
Table 19: Valeura Energy Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 26
Table 20: Valeura Energy Inc., Crude Oil Reserve Changes, mmbbl, 2012-2016 27
Table 21: Valeura Energy Inc., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 28
Table 22: Valeura Energy Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 29
Table 23: Valeura Energy Inc., Natural Gas Reserve Changes, bcf, 2012-2016 30
Table 24: Valeura Energy Inc., Oil and Gas Reserves Life Index, Years, 2012-2016 31
Table 25: Valeura Energy Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 33
Table 26: Valeura Energy Inc., Upstream Capital Expenditure, US$ mil, 2012-2016 34
Table 27: Valeura Energy Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 35
Table 28: Valeura Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 37
Table 29: Valeura Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 39
Table 30: Valeura Energy Inc., Oil and Gas Production Replacement Ratio, %, 2012-2016 41
Table 31: Valeura Energy Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 46
Table 32: Valeura Energy Inc., Revenue and Expenses, US$ mil, 2012-2016 48
Table 33: Valeura Energy Inc., Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 52
Table 34: Valeura Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 53
Table 35: Valeura Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 57
Table 36: Valeura Energy Inc., Oil and Gas Performance Metrics, 2012-2016 58
Table 37: Valeura Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 59
Table 38: Valeura Energy Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 61
Table 39: Valeura Energy Inc., Producible Oil and Gas Wells, 2012-2016 62
Table 40: Valeura Energy Inc., Producible Oil and Gas Wells, By Country/Region, 2012-2016 66
Table 41: Valeura Energy Inc., Exploratory and Developed Wells, 2012-2016 68
Table 42: Valeura Energy Inc., Exploratory and Developed Wells, By Country/Region, 2012-2016 69

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


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