Whiting Petroleum Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 93 |  Published By: GlobalData | Format: PDF
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Summary

Whiting Petroleum 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 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
Whiting Petroleum Corporation, Valuation and Financial Data 8
Whiting Petroleum Corporation, Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
Whiting Petroleum Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Whiting Petroleum Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q4, 2015-Q4, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2015-Q4, 2016 11
Whiting Petroleum Corporation, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Whiting Petroleum Corporation, Quarterly Production Trends 13
Whiting Petroleum Corporation, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2015-Q4, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 15
Whiting Petroleum Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q4, 2015-Q4, 2016 16
Crude Oil Production, By Country/Region, Q4, 2015-Q4, 2016 17
Whiting Petroleum Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q4, 2015-Q4, 2016 18
Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 19
Whiting Petroleum Corporation, Valuation and Financial Data, 2012-2016 20
Whiting Petroleum Corporation, Share Price Performance, 2012-2016 20
Share Price Performance, 2012-2016 20
Key Valuation Metrics, 2012-2016 21
Whiting Petroleum Corporation, 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 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2012-2016 31
Natural Gas Production and Reserves, By Country/Region, 2012-2016 32
Natural Gas Reserve Changes, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 36
Whiting Petroleum Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2012-2016 38
Acquisition Costs By Country/Region, 2012-2016 39
Exploration and Development Costs, By Country/Region, 2012-2016 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2012-2016 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 45
Whiting Petroleum Corporation, Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2012-2016 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 50
Whiting Petroleum Corporation, Results of Oil & Gas Operations Trend 54
Oil and Gas Revenue and Expenses 54
Oil and Gas Revenue and Expenses, 2012-2016 54
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 56
Oil and Gas Revenue and Expenses, Per boe 61
Oil and Gas Revenue and Expenses, By boe, 2012-2016 61
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 62
Oil and Gas Performance Metrics 66
Whiting Petroleum Corporation, Land Holdings and Well Data 67
Developed and Undeveloped Acreage 67
Gross and Net Developed and Undeveloped Acreage, 2012-2016 67
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 68
Well Statistics 71
Producible Oil and Gas Well, 2012-2016 71
Producible Oil and Gas Well, By Country/Region, 2012-2016 72
Exploration and Development Wells Drilled, 2012-2016 77
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 79
Recent Developments 80
Whiting Petroleum Corporation - Recent Developments 80
Apr 26, 2017: Whiting Petroleum Announces First Quarter 2017 Financial and Operating Results 80
Apr 13, 2017: North Dakota Oil Output Hits 1 Million Bpd 81
Mar 30, 2017: North Dakota Oil Output To Rise As Dakota Access Pipeline Opens 81
Feb 21, 2017: Whiting Petroleum Announces Fourth Quarter 2016 Financial And Operating Results 81
Oct 26, 2016: Whiting Petroleum Announces Third Quarter 2016 Financial And Operating Results 83
Jul 27, 2016: Whiting Petroleum Announces Second Quarter 2016 Financial And Operating Results 85
Apr 27, 2016: Whiting Petroleum Announces First Quarter 2016 Financial And Operating Results 86
Feb 24, 2016: Whiting Petroleum Announces Fourth Quarter And Full-Year 2015 Financial And Operating Results 87
Appendix 90
Methodology 90
Coverage 90
Secondary Research 90
Primary Research 91
Data Information Sources 91
Company Source 91
SEC/Other Regulatory Filings 91
Other Sources 91
Expert Panel Validation 91
Data Definition 92
Oil and Gas Reserves 92
Units of Measure 92
About GlobalData 93
Disclosure 93
Disclaimer 93

List of Tables
Table 1: Whiting Petroleum Corporation, Key Facts 7
Table 2: Whiting Petroleum Corporation, Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: Whiting Petroleum Corporation, Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: Whiting Petroleum Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Table 5: Whiting Petroleum Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11
Table 6: Whiting Petroleum Corporation, Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Table 7: Whiting Petroleum Corporation, Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 14
Table 8: Whiting Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 15
Table 9: Whiting Petroleum Corporation, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 16
Table 10: Whiting Petroleum Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 17
Table 11: Whiting Petroleum Corporation, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 18
Table 12: Whiting Petroleum Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 19
Table 13: Whiting Petroleum Corporation, Share Price Performance, 2012-2016 20
Table 14: Whiting Petroleum Corporation, Key Valuation Metrics, 2012-2016 21
Table 15: Whiting Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23
Table 16: Whiting Petroleum Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 25
Table 17: Whiting Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 26
Table 18: Whiting Petroleum Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Table 19: Whiting Petroleum Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 29
Table 20: Whiting Petroleum Corporation, Crude Oil Reserve Changes, mmbbl, 2012-2016 30
Table 21: Whiting Petroleum Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Table 22: Whiting Petroleum Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 33
Table 23: Whiting Petroleum Corporation, Natural Gas Reserve Changes, bcf, 2012-2016 34
Table 24: Whiting Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Table 25: Whiting Petroleum Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 37
Table 26: Whiting Petroleum Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 38
Table 27: Whiting Petroleum Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Table 28: Whiting Petroleum Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 42
Table 29: Whiting Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 44
Table 30: Whiting Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 46
Table 31: Whiting Petroleum Corporation, Oil and Gas Production Replacement Ratio, %, 2012-2016 48
Table 32: Whiting Petroleum Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 53
Table 33: Whiting Petroleum Corporation, Revenue and Expenses, US$ mil, 2012-2016 55
Table 34: Whiting Petroleum Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 60
Table 35: Whiting Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 61
Table 36: Whiting Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 65
Table 37: Whiting Petroleum Corporation, Oil and Gas Performance Metrics, 2012-2016 66
Table 38: Whiting Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 67
Table 39: Whiting Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 70
Table 40: Whiting Petroleum Corporation, Producible Oil and Gas Wells, 2012-2016 71
Table 41: Whiting Petroleum Corporation, Producible Oil and Gas Wells, By Country/Region, 2012-2016 76
Table 42: Whiting Petroleum Corporation, Exploratory and Developed Wells, 2012-2016 78
Table 43: Whiting Petroleum Corporation, Exploratory and Developed Wells, By Country/Region, 2012-2016 79

List of Figures
Figure 1: Whiting Petroleum Corporation, Share Price Performance, USD/Share, Q4, 2015-Q4, 2016 8
Figure 2: Whiting Petroleum Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2015-Q4, 2016 9
Figure 3: Whiting Petroleum Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Figure 4: Whiting Petroleum Corporation, Upstream Capital Expenditure, US$ mil, Q4, 2015-Q4, 2016 12
Figure 5: Whiting Petroleum Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2015-Q4, 2016 13
Figure 6: Whiting Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 15
Figure 7: Whiting Petroleum Corporation, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 16
Figure 8: Whiting Petroleum Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 17
Figure 9: Whiting Petroleum Corporation, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 18
Figure 10: Whiting Petroleum Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 19
Figure 11: Whiting Petroleum Corporation, Share Price Performance, USD/Share, 2012-2016 20
Figure 12: Whiting Petroleum Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 21
Figure 13: Whiting Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Figure 14: Whiting Petroleum Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 24
Figure 15: Whiting Petroleum Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 24
Figure 16: Whiting Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 26
Figure 17: Whiting Petroleum Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Figure 18: Whiting Petroleum Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 28
Figure 19: Whiting Petroleum Corporation, Oil Production, By Country/Region, mmbbl, 2012-2016 28
Figure 20: Whiting Petroleum Corporation, Crude Oil Reserve Changes, mmbbl, 2016 30
Figure 21: Whiting Petroleum Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Figure 22: Whiting Petroleum Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 32
Figure 23: Whiting Petroleum Corporation, Gas Production, By Country/Region, bcf, 2012-2016 32
Figure 24: Whiting Petroleum Corporation, Natural Gas Reserve Changes, bcf, 2016 34
Figure 25: Whiting Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Figure 26: Whiting Petroleum Corporation, Gas Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 27: Whiting Petroleum Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 36
Figure 28: Whiting Petroleum Corporation, Oil Reserve Life Index, By Country/Region, Years, 2012-2016 37
Figure 29: Whiting Petroleum Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 38
Figure 30: Whiting Petroleum Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Figure 31: Whiting Petroleum Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Figure 32: Whiting Petroleum Corporation, Development Costs, By Country/Region, US$ mil, 2012-2016 41
Figure 33: Whiting Petroleum Corporation, Exploration Costs, By Country/Region, US$ mil, 2012-2016 41
Figure 34: Whiting Petroleum Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 43
Figure 35: Whiting Petroleum Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 45
Figure 36: Whiting Petroleum Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 45
Figure 37: Whiting Petroleum Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 46
Figure 38: Whiting Petroleum Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 47
Figure 39: Whiting Petroleum Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 50
Figure 40: Whiting Petroleum Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 50
Figure 41: Whiting Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 51
Figure 42: Whiting Petroleum Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 51
Figure 43: Whiting Petroleum Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 52
Figure 44: Whiting Petroleum Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 52
Figure 45: Whiting Petroleum Corporation, Revenue and Expenses, US$ mil, 2012-2016 54
Figure 46: Whiting Petroleum Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56
Figure 47: Whiting Petroleum Corporation, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 56
Figure 48: Whiting Petroleum Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 57
Figure 49: Whiting Petroleum Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 57
Figure 50: Whiting Petroleum Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 58
Figure 51: Whiting Petroleum Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 58
Figure 52: Whiting Petroleum Corporation, Production Costs, By Country/Region, US$ mil, 2012-2016 59
Figure 53: Whiting Petroleum Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 59
Figure 54: Whiting Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 61
Figure 55: Whiting Petroleum Corporation, Exploration Expenses per boe, By Country/Region, US$/boe, 2012-2016 62
Figure 56: Whiting Petroleum Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2012-2016 62
Figure 57: Whiting Petroleum Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 63
Figure 58: Whiting Petroleum Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2012-2016 63
Figure 59: Whiting Petroleum Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 64
Figure 60: Whiting Petroleum Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 64
Figure 61: Whiting Petroleum Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 65
Figure 62: Whiting Petroleum Corporation, Oil and Gas Performance Metrics, 2012-2016 66
Figure 63: Whiting Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 67
Figure 64: Whiting Petroleum Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 68
Figure 65: Whiting Petroleum Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 68
Figure 66: Whiting Petroleum Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 69
Figure 67: Whiting Petroleum Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 69
Figure 68: Whiting Petroleum Corporation, Producible Oil and Gas Wells, 2012-2016 71
Figure 69: Whiting Petroleum Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 70: Whiting Petroleum Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 71: Whiting Petroleum Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 73
Figure 72: Whiting Petroleum Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 73
Figure 73: Whiting Petroleum Corporation, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 74
Figure 74: Whiting Petroleum Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 74
Figure 75: Whiting Petroleum Corporation, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 75
Figure 76: Whiting Petroleum Corporation, Exploratory and Developed Wells, 2012-2016 77


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