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

 Published On: Nov, 2014 |    No of Pages: 80 |  Published By: GlobalData | Format: PDF
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Summary

Abraxas 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 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
Abraxas Petroleum Corporation, Valuation and Financial Data 8
Abraxas Petroleum Corporation, Share Price Performance 8
Share Price Performance, Q3, 2013-Q3, 2014 8
Abraxas Petroleum Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Abraxas Petroleum 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
Abraxas Petroleum Corporation, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Abraxas Petroleum Corporation, Quarterly Production Trends 13
Abraxas Petroleum Corporation, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 13
Abraxas Petroleum Corporation, Crude Oil Production 14
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 14
Abraxas Petroleum Corporation, Natural Gas Production 15
Total Natural Gas Production Trend, Q3, 2013-Q3, 2014 15
Abraxas Petroleum Corporation, Valuation and Financial Data, 2009-2013 16
Abraxas Petroleum Corporation, Share Price Performance, 2009-2013 16
Share Price Performance, 2009-2013 16
Key Valuation Metrics, 2009-2013 17
Abraxas Petroleum Corporation, Production and Reserves Trends 18
Total Oil and Gas, Reserves and Production 18
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 18
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 20
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 23
Crude Oil Production and Reserves By Country/Region, 2009-2013 24
Crude Oil/Liquids Reserve Changes, 2009-2013 26
Natural Gas Production and Reserve 27
Natural Gas Production and Reserve Trend, 2009-2013 27
Natural Gas Production and Reserves, By Country/Region, 2009-2013 28
Natural Gas Reserve Changes, 2009-2013 30
Total Crude Oil and Natural Gas Reserves Life Index 31
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 31
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 32
Abraxas Petroleum Corporation, E&P Costs Trends 34
Allocation of the Upstream Capital Expenditure 34
Upstream Capital Expenditure, 2009-2013 34
Exploration and Development Costs, By Country/Region, 2009-2013 35
Oil and Gas Cost Per boe, US$/boe 36
Oil and Gas Cost Per boe, US$/boe, 2009-2013 36
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 38
Abraxas Petroleum Corporation, Reserve Replacement Ratio 41
Oil and Gas Production Replacement Ratio 41
Oil and Gas Production Replacement Ratio, 2009-2013 41
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 43
Abraxas Petroleum Corporation, Results of Oil & Gas Operations Trend 47
Oil and Gas Revenue and Expenses 47
Oil and Gas Revenue and Expenses, 2009-2013 47
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 48
Oil and Gas Revenue and Expenses, Per boe 52
Oil and Gas Revenue and Expenses, By boe, 2009-2013 52
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 53
Oil and Gas Performance Metrics 56
Abraxas Petroleum Corporation, Land Holdings and Well Data 57
Developed and Undeveloped Acreage 57
Gross and Net Developed and Undeveloped Acreage, 2009-2013 57
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 58
Well Statistics 61
Producible Oil and Gas Well, 2009-2013 61
Producible Oil and Gas Well, By Country/Region, 2009-2013 62
Exploration and Development Wells Drilled, 2009-2013 67
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 68
Recent Developments 69
Abraxas Petroleum Corporation - Recent Developments 69
Nov 05, 2014: Abraxas Announces Third Quarter 2014 Results 69
Nov 05, 2014: Abraxas Provides Operations, A&D and 2014 Guidance Update; Announces 2015 Guidance and Capital Budget 69
Sep 15, 2014: Abraxas Provides Operations, Guidance Update 71
Aug 06, 2014: Abraxas Announces Second Quarter 2014 Results 72
Aug 04, 2014: Abraxas Provides Operations, Production and Guidance Update 73
Jul 08, 2014: Abraxas Provides Operations Update 74
Jun 24, 2014: Abraxas Petroleum Announces Exercise of Over-Allotment Option and Closing of Public Offering 75
Jun 18, 2014: Abraxas Petroleum Announces Pricing of Offering 75
Jun 12, 2014: Abraxas Announces Acceleration in 2014 Eagle Ford Activity; Provides Financial and Guidance Update 76
Jun 04, 2014: Abraxas Provides Operational and Guidance Update; Announces Upcoming Presentation 76
Appendix 78
Methodology 78
Coverage 78
Secondary Research 78
Primary Research 78
Data Information Sources 79
Company Source 79
SEC/Other Regulatory Filings 79
Other Sources 79
Expert Panel Validation 79
Data Definition 79
Oil and Gas Reserves 79
Units of Measure 80
About GlobalData 80
Disclosure 80
Disclaimer 80

List of Tables
Table 1: Abraxas Petroleum Corporation, Key Facts 7
Table 2: Abraxas Petroleum Corporation, Share Price Performance, Q3, 2013-Q3, 2014 8
Table 3: Abraxas Petroleum Corporation, Key Valuation Metrics, Q3, 2013-Q3, 2014 9
Table 4: Abraxas Petroleum Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 10
Table 5: Abraxas Petroleum Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 11
Table 6: Abraxas Petroleum Corporation, Upstream Capital Expenditure, Q3, 2013-Q3, 2014 12
Table 7: Abraxas Petroleum Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 13
Table 8: Abraxas Petroleum Corporation, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 14
Table 9: Abraxas Petroleum Corporation, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 15
Table 10: Abraxas Petroleum Corporation, Share Price Performance, 2009-2013 16
Table 11: Abraxas Petroleum Corporation, Key Valuation Metrics, 2009-2013 17
Table 12: Abraxas Petroleum Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 19
Table 13: Abraxas Petroleum Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 21
Table 14: Abraxas Petroleum Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 22
Table 15: Abraxas Petroleum Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 23
Table 16: Abraxas Petroleum Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 25
Table 17: Abraxas Petroleum Corporation, Crude Oil Reserve Changes, mmbbl, 2009-2013 26
Table 18: Abraxas Petroleum Corporation, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 27
Table 19: Abraxas Petroleum Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 29
Table 20: Abraxas Petroleum Corporation, Natural Gas Reserve Changes, bcf, 2009-2013 30
Table 21: Abraxas Petroleum Corporation, Oil and Gas Reserves Life Index, Years, 2009-2013 31
Table 22: Abraxas Petroleum Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 33
Table 23: Abraxas Petroleum Corporation, Upstream Capital Expenditure, US$ mil, 2009-2013 34
Table 24: Abraxas Petroleum Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 35
Table 25: Abraxas Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 36
Table 26: Abraxas Petroleum Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 40
Table 27: Abraxas Petroleum Corporation, Oil and Gas Production Replacement Ratio, %, 2009-2013 41
Table 28: Abraxas Petroleum Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 46
Table 29: Abraxas Petroleum Corporation, Revenue and Expenses, US$ mil, 2009-2013 47
Table 30: Abraxas Petroleum Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 51
Table 31: Abraxas Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 52
Table 32: Abraxas Petroleum Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 55
Table 33: Abraxas Petroleum Corporation, Oil and Gas Performance Metrics, 2009-2013 56
Table 34: Abraxas Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 57
Table 35: Abraxas Petroleum Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 60
Table 36: Abraxas Petroleum Corporation, Producible Oil and Gas Wells, 2009-2013 61
Table 37: Abraxas Petroleum Corporation, Producible Oil and Gas Wells, By Country/Region, 2009-2013 66
Table 38: Abraxas Petroleum Corporation, Exploratory and Developed Wells, 2009-2013 67
Table 39: Abraxas Petroleum Corporation, Exploratory and Developed Wells, By Country/Region, 2009-2013 68

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


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