Pengrowth Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2016

 Published On: Aug, 2016 |    No of Pages: 104 |  Published By: GlobalData | Format: PDF
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Summary

Pengrowth Energy 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 8
Key Information 8
Company Overview 8
Pengrowth Energy Corporation, Valuation and Financial Data 9
Pengrowth Energy Corporation, Share Price Performance 9
Share Price Performance, Q1, 2015-Q1, 2016 9
Pengrowth Energy Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Pengrowth Energy Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12
Pengrowth Energy Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Pengrowth Energy Corporation, Quarterly Production Trends 14
Pengrowth Energy Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 15
Pengrowth Energy Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 16
Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 17
Pengrowth Energy Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 18
Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 19
Pengrowth Energy Corporation, Valuation and Financial Data, 2011-2015 20
Pengrowth Energy Corporation, Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Pengrowth Energy Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
Pengrowth Energy Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
Pengrowth Energy Corporation, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
Pengrowth Energy Corporation, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2011-2015 52
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2011-2015 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59
Oil and Gas Performance Metrics 63
Pengrowth Energy Corporation, Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2011-2015 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65
Well Statistics 67
Producible Oil and Gas Well, 2011-2015 67
Producible Oil and Gas Well, By Country/Region, 2011-2015 68
Exploration and Development Wells Drilled, 2011-2015 72
Exploration and Development Wells Drilled, By Country/Region, 2011-2015 73
Recent Developments 74
Pengrowth Energy Corporation - Recent Developments 74
Aug 04, 2016: Pengrowth Delivers Strong Second Quarter Operational Performance And Continued Debt And Cost Reductions 74
Jun 28, 2016: Pengrowth Announces Board Of Director Election Results 78
May 30, 2016: Pengrowth Receives Regulatory Approval For The 17,500 Barrel Per Day Second Commercial Phase Of The Lindbergh Thermal Project 79
May 03, 2016: Pengrowth Announces Strong First Quarter Operational And Financial Results 79
Feb 24, 2016: Pengrowth Delivers Strong 2015 Operating Results, Significant Reserves Replacement And Additional Reserves Growth At Lindbergh And Montney Assets 83
Jan 20, 2016: Pengrowth Announces Prudent 2016 Capital Budget, Operational Update And Temporary Suspension Of Dividend 90
Nov 03, 2015: Pengrowth Reports Solid Third Quarter Results Anchored By Eight Percent Growth In Funds Flow And Stable Production 92
Oct 29, 2015: Pengrowth Receives Continued Listing Standard Notification From The New York Stock Exchange Regarding The Price Of Its Common Stock 96
Aug 06, 2015: Pengrowth Reports Seven Percent Increase In Corporate Production, Stable Funds Flow In The Second Quarter And Ongoing Measures To Protect Its Financial Health And Stability 97
Jun 29, 2015: Pengrowth Ships First Lindbergh Production On The Husky Sales Line, Reports Continued Strength In Lindbergh Production And Intent To Sell Up To $600 Million Of Non-Core Assets 101
Appendix 102
Methodology 102
Coverage 102
Secondary Research 102
Primary Research 102
Data Information Sources 103
Company Source 103
SEC/Other Regulatory Filings 103
Other Sources 103
Expert Panel Validation 103
Data Definition 103
Oil and Gas Reserves 103
Units of Measure 104
About GlobalData 104
Disclosure 104
Disclaimer 104

List of Tables
Table 1: Pengrowth Energy Corporation, Key Facts 8
Table 2: Pengrowth Energy Corporation, Share Price Performance, Q1, 2015-Q1, 2016 9
Table 3: Pengrowth Energy Corporation, Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Table 4: Pengrowth Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Table 5: Pengrowth Energy Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12
Table 6: Pengrowth Energy Corporation, Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Table 7: Pengrowth Energy Corporation, Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14
Table 8: Pengrowth Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Table 9: Pengrowth Energy Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Table 10: Pengrowth Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Table 11: Pengrowth Energy Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Table 12: Pengrowth Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Table 13: Pengrowth Energy Corporation, Share Price Performance, 2011-2015 20
Table 14: Pengrowth Energy Corporation, Key Valuation Metrics, 2011-2015 21
Table 15: Pengrowth Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: Pengrowth Energy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: Pengrowth Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: Pengrowth Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: Pengrowth Energy Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: Pengrowth Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: Pengrowth Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: Pengrowth Energy Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: Pengrowth Energy Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: Pengrowth Energy Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: Pengrowth Energy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: Pengrowth Energy Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: Pengrowth Energy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 28: Pengrowth Energy Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: Pengrowth Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: Pengrowth Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: Pengrowth Energy Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Table 32: Pengrowth Energy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: Pengrowth Energy Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: Pengrowth Energy Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57
Table 35: Pengrowth Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Table 36: Pengrowth Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62
Table 37: Pengrowth Energy Corporation, Oil and Gas Performance Metrics, 2011-2015 63
Table 38: Pengrowth Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Table 39: Pengrowth Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 66
Table 40: Pengrowth Energy Corporation, Producible Oil and Gas Wells, 2011-2015 67
Table 41: Pengrowth Energy Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 71
Table 42: Pengrowth Energy Corporation, Exploratory and Developed Wells, 2011-2015 72
Table 43: Pengrowth Energy Corporation, Exploratory and Developed Wells, By Country/Region, 2011-2015 73

List of Figures
Figure 1: Pengrowth Energy Corporation, Share Price Performance, CAD/Share, Q1, 2015-Q1, 2016 9
Figure 2: Pengrowth Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10
Figure 3: Pengrowth Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Figure 4: Pengrowth Energy Corporation, Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13
Figure 5: Pengrowth Energy Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14
Figure 6: Pengrowth Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Figure 7: Pengrowth Energy Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Figure 8: Pengrowth Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Figure 9: Pengrowth Energy Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Figure 10: Pengrowth Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Figure 11: Pengrowth Energy Corporation, Share Price Performance, CAD/Share, 2011-2015 20
Figure 12: Pengrowth Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: Pengrowth Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: Pengrowth Energy Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: Pengrowth Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: Pengrowth Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: Pengrowth Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: Pengrowth Energy Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: Pengrowth Energy Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: Pengrowth Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: Pengrowth Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: Pengrowth Energy Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: Pengrowth Energy Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: Pengrowth Energy Corporation, Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: Pengrowth Energy Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: Pengrowth Energy Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: Pengrowth Energy Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: Pengrowth Energy Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 29: Pengrowth Energy Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: Pengrowth Energy Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: Pengrowth Energy Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 32: Pengrowth Energy Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 33: Pengrowth Energy Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 34: Pengrowth Energy Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 35: Pengrowth Energy Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: Pengrowth Energy Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 37: Pengrowth Energy Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 38: Pengrowth Energy Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 39: Pengrowth Energy Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: Pengrowth Energy Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 41: Pengrowth Energy Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: Pengrowth Energy Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 43: Pengrowth Energy Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: Pengrowth Energy Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Figure 45: Pengrowth Energy Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 46: Pengrowth Energy Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 47: Pengrowth Energy Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 48: Pengrowth Energy Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 54
Figure 49: Pengrowth Energy Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 50: Pengrowth Energy Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 55
Figure 51: Pengrowth Energy Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 52: Pengrowth Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Figure 53: Pengrowth Energy Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 54: Pengrowth Energy Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 55: Pengrowth Energy Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 56: Pengrowth Energy Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 57: Pengrowth Energy Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 58: Pengrowth Energy Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 59: Pengrowth Energy Corporation, Oil and Gas Performance Metrics, 2011-2015 63
Figure 60: Pengrowth Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Figure 61: Pengrowth Energy Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 62: Pengrowth Energy Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 63: Pengrowth Energy Corporation, Producible Oil and Gas Wells, 2011-2015 67
Figure 64: Pengrowth Energy Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 65: Pengrowth Energy Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 66: Pengrowth Energy Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 69
Figure 67: Pengrowth Energy Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 69
Figure 68: Pengrowth Energy Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 69: Pengrowth Energy Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 70: Pengrowth Energy Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 71
Figure 71: Pengrowth Energy Corporation, Exploratory and Developed Wells, 2011-2015 72


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