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

 Published On: Dec, 2014 |    No of Pages: 82 |  Published By: GlobalData | Format: PDF
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Summary

Questar Corporation (Questar) is an integrated natural gas company. The company explores, develops, produces, transports, stores and distributes natural gas, oil and natural gas liquids. Questar operates through three principal subsidiaries, namely, Questar Gas Company, Questar Pipeline Company and Wexpro Company. Questar Gas carries out natural gas transportation and underground storage services in the provinces of Utah, southwestern Wyoming and southeastern Idaho. Questar Pipeline offers gas transportation and storage services in the western United States. Wexpro carries out the oil and gas development and exploration activities. Questar is headquartered in Salt Lake City, Utah, the US

Questar 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 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Questar Corporation, Valuation and Financial Data 8
Questar Corporation, Share Price Performance 8
Share Price Performance, Q3, 2013-Q3, 2014 8
Questar Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Questar Corporation, 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
Questar Corporation, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Questar Corporation, Quarterly Production Trends 13
Questar Corporation, 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
Questar Corporation, 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
Questar Corporation, 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
Questar Corporation, Valuation and Financial Data, 2009-2013 19
Questar Corporation, Share Price Performance, 2009-2013 19
Share Price Performance, 2009-2013 19
Key Valuation Metrics, 2009-2013 20
Questar Corporation, 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
Questar Corporation, 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 40
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 42
Questar Corporation, Reserve Replacement Ratio 44
Oil and Gas Production Replacement Ratio 44
Oil and Gas Production Replacement Ratio, 2009-2013 44
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 45
Questar Corporation, Results of Oil & Gas Operations Trend 49
Oil and Gas Revenue and Expenses 49
Oil and Gas Revenue and Expenses, 2009-2013 49
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 50
Oil and Gas Revenue and Expenses, Per boe 54
Oil and Gas Revenue and Expenses, By boe, 2009-2013 54
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 55
Oil and Gas Performance Metrics 59
Questar Corporation, Land Holdings and Well Data 60
Developed and Undeveloped Acreage 60
Gross and Net Developed and Undeveloped Acreage, 2009-2013 60
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 61
Well Statistics 63
Producible Oil and Gas Well, 2009-2013 63
Producible Oil and Gas Well, By Country/Region, 2009-2013 64
Exploration and Development Wells Drilled, 2009-2013 68
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 69
Recent Developments 70
Questar Corporation - Recent Developments 70
Oct 31, 2014: Questar Executive Vice President James R. Livsey to Retire 70
Oct 29, 2014: Questar Reports Third-Quarter 2014 Earnings Of $38.6 Million 70
Oct 28, 2014: Questar Board Declares 280th Consecutive Dividend 73
Oct 01, 2014: Questar Gas Asks Wyoming PSC To Cut Natural Gas Rates By $900,000 73
Oct 01, 2014: Questar Gas Asks Utah PSC To Cut Natural Gas Rates By $28.4 million 74
Aug 28, 2014: Questar Fueling Announces Opening Of CNG-Fueling Station In DeSoto, Texas, Aug. 28 74
Jul 31, 2014: Questar Reports Second-Quarter 2014 Earnings of $40.3 Million 75
Jul 31, 2014: James McManus Appointed to Questar Board of Directors 78
Jul 30, 2014: Questar: James McManus Appointed To Questar Board Of Directors 78
Jul 30, 2014: Questar Board Declares 279th Consecutive Dividend 79
Appendix 80
Methodology 80
Coverage 80
Secondary Research 80
Primary Research 80
Data Information Sources 81
Company Source 81
SEC/Other Regulatory Filings 81
Other Sources 81
Expert Panel Validation 81
Data Definition 81
Oil and Gas Reserves 81
Units of Measure 82
About GlobalData 82
Disclosure 82
Disclaimer 82

List of Tables
Table 1: Questar Corporation, Key Facts 7
Table 2: Questar Corporation, Share Price Performance, Q3, 2013-Q3, 2014 8
Table 3: Questar Corporation, Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Table 4: Questar Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Table 5: Questar Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 11
Table 6: Questar Corporation, Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Table 7: Questar Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 13
Table 8: Questar Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Table 9: Questar Corporation, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Table 10: Questar Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Table 11: Questar Corporation, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 17
Table 12: Questar Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 18
Table 13: Questar Corporation, Share Price Performance, 2009-2013 19
Table 14: Questar Corporation, Key Valuation Metrics, 2009-2013 20
Table 15: Questar Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 22
Table 16: Questar Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 24
Table 17: Questar Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 25
Table 18: Questar Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 26
Table 19: Questar Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 28
Table 20: Questar Corporation, Crude Oil Reserve Changes, mmbbl, 2009-2013 29
Table 21: Questar Corporation, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 30
Table 22: Questar Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 32
Table 23: Questar Corporation, Natural Gas Reserve Changes, bcf, 2009-2013 33
Table 24: Questar Corporation, Oil and Gas Reserves Life Index, Years, 2009-2013 34
Table 25: Questar Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 36
Table 26: Questar Corporation, Upstream Capital Expenditure, US$ mil, 2009-2013 37
Table 27: Questar Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Table 28: Questar Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 40
Table 29: Questar Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 41
Table 30: Questar Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 43
Table 31: Questar Corporation, Oil and Gas Production Replacement Ratio, %, 2009-2013 44
Table 32: Questar Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 48
Table 33: Questar Corporation, Revenue and Expenses, US$ mil, 2009-2013 49
Table 34: Questar Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 53
Table 35: Questar Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 54
Table 36: Questar Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 58
Table 37: Questar Corporation, Oil and Gas Performance Metrics, 2009-2013 59
Table 38: Questar Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 60
Table 39: Questar Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 62
Table 40: Questar Corporation, Producible Oil and Gas Wells, 2009-2013 63
Table 41: Questar Corporation, Producible Oil and Gas Wells, By Country/Region, 2009-2013 67
Table 42: Questar Corporation, Exploratory and Developed Wells, 2009-2013 68
Table 43: Questar Corporation, Exploratory and Developed Wells, By Country/Region, 2009-2013 69

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


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