Traverse Energy Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014

 Published On: Jan, 2015 |    No of Pages: 81 |  Published By: GlobalData | Format: PDF
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Summary

Traverse Energy Ltd. (Traverse Energy) is an oil and natural gas company. The company explores, develops and produces petroleum and natural gas in Canada. It has oil and natural gas properties located in Alliance, Brazeau ORR, Carbon, Long Coulee, Minor ORR and Turin. Traverse participates in the drilling of wells in the province of Alberta. The company offers 2D and 3D seismic programs in the Turin and Willow areas. Traverse Energy is headquartered in Calgary, Alberta, Canada

Traverse 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 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 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Traverse Energy Ltd., Valuation and Financial Data 8
Traverse Energy Ltd., Share Price Performance 8
Share Price Performance, Q3, 2013-Q3, 2014 8
Traverse Energy Ltd., Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Traverse Energy Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q3, 2013-Q3, 2014 10
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2013-Q3, 2014 11
Traverse Energy Ltd., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Traverse Energy Ltd., Quarterly Production Trends 13
Traverse Energy Ltd., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 14
Traverse Energy Ltd., Crude Oil Production 15
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 15
Crude Oil Production, By Country/Region, Q3, 2013-Q3, 2014 16
Traverse Energy Ltd., Natural Gas Production 17
Total Natural Gas Production Trend, Q3, 2013-Q3, 2014 17
Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 18
Traverse Energy Ltd., Valuation and Financial Data, 2009-2013 19
Traverse Energy Ltd., Share Price Performance, 2009-2013 19
Share Price Performance, 2009-2013 19
Key Valuation Metrics, 2009-2013 20
Traverse Energy Ltd., Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 23
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 26
Crude Oil Production and Reserves By Country/Region, 2009-2013 27
Crude Oil/Liquids Reserve Changes, 2009-2013 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2009-2013 30
Natural Gas Production and Reserves, By Country/Region, 2009-2013 31
Natural Gas Reserve Changes, 2009-2013 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 35
Traverse Energy Ltd., E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2009-2013 37
Acquisition Costs By Country/Region, 2009-2013 38
Exploration and Development Costs, By Country/Region, 2009-2013 39
Oil and Gas Cost Per boe, US$/boe 41
Oil and Gas Cost Per boe, US$/boe, 2009-2013 41
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 43
Traverse Energy Ltd., Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2009-2013 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 47
Traverse Energy Ltd., Results of Oil & Gas Operations Trend 51
Oil and Gas Revenue and Expenses 51
Oil and Gas Revenue and Expenses, 2009-2013 51
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 52
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2009-2013 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 58
Oil and Gas Performance Metrics 62
Traverse Energy Ltd., Land Holdings and Well Data 63
Developed and Undeveloped Acreage 63
Gross and Net Developed and Undeveloped Acreage, 2009-2013 63
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 64
Well Statistics 66
Producible Oil and Gas Well, 2009-2013 66
Producible Oil and Gas Well, By Country/Region, 2009-2013 67
Exploration and Development Wells Drilled, 2009-2013 71
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 72
Recent Developments 73
Traverse Energy Ltd. - Recent Developments 73
Nov 13, 2014: Traverse Energy Announces 2014 Third Quarter Results 73
Aug 14, 2014: Traverse Energy Announces 2014 Second Quarter Results 74
May 15, 2014: Traverse Energy Announces 2014 First Quarter Results 75
Apr 15, 2014: Traverse Energy Announces 2013 Year End Results 76
Appendix 79
Methodology 79
Coverage 79
Secondary Research 79
Primary Research 79
Data Information Sources 80
Company Source 80
SEC/Other Regulatory Filings 80
Other Sources 80
Expert Panel Validation 80
Data Definition 80
Oil and Gas Reserves 80
Units of Measure 81
About GlobalData 81
Disclosure 81
Disclaimer 81

List of Tables
Table 1: Traverse Energy Ltd., Key Facts 7
Table 2: Traverse Energy Ltd., Share Price Performance, Q3, 2013-Q3, 2014 8
Table 3: Traverse Energy Ltd., Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Table 4: Traverse Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Table 5: Traverse Energy Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 11
Table 6: Traverse Energy Ltd., Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Table 7: Traverse Energy Ltd., Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 13
Table 8: Traverse Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Table 9: Traverse Energy Ltd., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Table 10: Traverse Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Table 11: Traverse Energy Ltd., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 17
Table 12: Traverse Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 18
Table 13: Traverse Energy Ltd., Share Price Performance, 2009-2013 19
Table 14: Traverse Energy Ltd., Key Valuation Metrics, 2009-2013 20
Table 15: Traverse Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 22
Table 16: Traverse Energy Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 24
Table 17: Traverse Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 25
Table 18: Traverse Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 26
Table 19: Traverse Energy Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 28
Table 20: Traverse Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2009-2013 29
Table 21: Traverse Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 30
Table 22: Traverse Energy Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 32
Table 23: Traverse Energy Ltd., Natural Gas Reserve Changes, bcf, 2009-2013 33
Table 24: Traverse Energy Ltd., Oil and Gas Reserves Life Index, Years, 2009-2013 34
Table 25: Traverse Energy Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 36
Table 26: Traverse Energy Ltd., Upstream Capital Expenditure, US$ mil, 2009-2013 37
Table 27: Traverse Energy Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 38
Table 28: Traverse Energy Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 40
Table 29: Traverse Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 42
Table 30: Traverse Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 44
Table 31: Traverse Energy Ltd., Oil and Gas Production Replacement Ratio, %, 2009-2013 45
Table 32: Traverse Energy Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 50
Table 33: Traverse Energy Ltd., Revenue and Expenses, US$ mil, 2009-2013 51
Table 34: Traverse Energy Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 56
Table 35: Traverse Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 57
Table 36: Traverse Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 61
Table 37: Traverse Energy Ltd., Oil and Gas Performance Metrics, 2009-2013 62
Table 38: Traverse Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 63
Table 39: Traverse Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 65
Table 40: Traverse Energy Ltd., Producible Oil and Gas Wells, 2009-2013 66
Table 41: Traverse Energy Ltd., Producible Oil and Gas Wells, By Country/Region, 2009-2013 70
Table 42: Traverse Energy Ltd., Exploratory and Developed Wells, 2009-2013 71
Table 43: Traverse Energy Ltd., Exploratory and Developed Wells, By Country/Region, 2009-2013 72

List of Figures
Figure 1: Traverse Energy Ltd., Share Price Performance, CAD/Share, Q3, 2013-Q3, 2014 8
Figure 2: Traverse Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 9
Figure 3: Traverse Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Figure 4: Traverse Energy Ltd., Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 12
Figure 5: Traverse Energy Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 13
Figure 6: Traverse Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Figure 7: Traverse Energy Ltd., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Figure 8: Traverse Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Figure 9: Traverse Energy Ltd., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 17
Figure 10: Traverse Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 18
Figure 11: Traverse Energy Ltd., Share Price Performance, CAD/Share, 2009-2013 19
Figure 12: Traverse Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 20
Figure 13: Traverse Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 21
Figure 14: Traverse Energy Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 23
Figure 15: Traverse Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 23
Figure 16: Traverse Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 25
Figure 17: Traverse Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 26
Figure 18: Traverse Energy Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 27
Figure 19: Traverse Energy Ltd., Oil Production, By Country/Region, mmbbl, 2009-2013 27
Figure 20: Traverse Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2013 29
Figure 21: Traverse Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 30
Figure 22: Traverse Energy Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2009-2013 31
Figure 23: Traverse Energy Ltd., Gas Production, By Country/Region, bcf, 2009-2013 31
Figure 24: Traverse Energy Ltd., Natural Gas Reserve Changes, bcf, 2013 33
Figure 25: Traverse Energy Ltd., Oil and Gas Reserves Life Index, Years, 2009-2013 34
Figure 26: Traverse Energy Ltd., Gas Reserve Life Index, By Country/Region, Years, 2009-2013 35
Figure 27: Traverse Energy Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 35
Figure 28: Traverse Energy Ltd., Oil Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 29: Traverse Energy Ltd., Upstream Capital Expenditure, US$ mil, 2009-2013 37
Figure 30: Traverse Energy Ltd., Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 38
Figure 31: Traverse Energy Ltd., Development Costs, By Country/Region, US$ mil, 2009-2013 39
Figure 32: Traverse Energy Ltd., Exploration Costs, By Country/Region, US$ mil, 2009-2013 39
Figure 33: Traverse Energy Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 41
Figure 34: Traverse Energy Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 43
Figure 35: Traverse Energy Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 43
Figure 36: Traverse Energy Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 44
Figure 37: Traverse Energy Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 45
Figure 38: Traverse Energy Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 47
Figure 39: Traverse Energy Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 47
Figure 40: Traverse Energy Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 48
Figure 41: Traverse Energy Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 48
Figure 42: Traverse Energy Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 49
Figure 43: Traverse Energy Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 49
Figure 44: Traverse Energy Ltd., Revenue and Expenses, US$ mil, 2009-2013 51
Figure 45: Traverse Energy Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 52
Figure 46: Traverse Energy Ltd., Exploration Expenses, By Country/Region, US$ mil, 2009-2013 52
Figure 47: Traverse Energy Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 48: Traverse Energy Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 49: Traverse Energy Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 54
Figure 50: Traverse Energy Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 54
Figure 51: Traverse Energy Ltd., Production Costs, By Country/Region, US$ mil, 2009-2013 55
Figure 52: Traverse Energy Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 55
Figure 53: Traverse Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 57
Figure 54: Traverse Energy Ltd., Exploration Expenses per boe, By Country/Region, US$/boe, 2009-2013 58
Figure 55: Traverse Energy Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 58
Figure 56: Traverse Energy Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 59
Figure 57: Traverse Energy Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 59
Figure 58: Traverse Energy Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 60
Figure 59: Traverse Energy Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 60
Figure 60: Traverse Energy Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 61
Figure 61: Traverse Energy Ltd., Oil and Gas Performance Metrics, 2009-2013 62
Figure 62: Traverse Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 63
Figure 63: Traverse Energy Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 64
Figure 64: Traverse Energy Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 64
Figure 65: Traverse Energy Ltd., Producible Oil and Gas Wells, 2009-2013 66
Figure 66: Traverse Energy Ltd., Gross Productive Gas Wells, By Country/Region, Number, 2009-2013 67
Figure 67: Traverse Energy Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 67
Figure 68: Traverse Energy Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 68
Figure 69: Traverse Energy Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 68
Figure 70: Traverse Energy Ltd., Net Productive Gas Wells, By Country/Region, Number, 2009-2013 69
Figure 71: Traverse Energy Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 69
Figure 72: Traverse Energy Ltd., Net Productive Oil Wells, By Country/Region, Number, 2009-2013 70
Figure 73: Traverse Energy Ltd., Exploratory and Developed Wells, 2009-2013 71


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