MDU Resources Group, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2015

 Published On: Aug, 2016 |    No of Pages: 88 |  Published By: GlobalData | Format: PDF
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Summary

MDU Resources Group, Inc. 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
MDU Resources Group, Inc., Valuation and Financial Data 9
MDU Resources Group, Inc., Share Price Performance 9
Share Price Performance, Q4, 2014-Q4, 2015 9
MDU Resources Group, Inc., Key Valuation Metrics 10
Key Valuation Metrics, Q4, 2014-Q4, 2015 10
MDU Resources Group, Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q4, 2014-Q4, 2015 11
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2014-Q4, 2015 12
MDU Resources Group, Inc., Quarterly Production Trends 13
MDU Resources Group, Inc., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2014-Q4, 2015 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 14
MDU Resources Group, Inc., Crude Oil Production 15
Total Crude Oil Production Trend, Q4, 2014-Q4, 2015 15
Crude Oil Production, By Country/Region, Q4, 2014-Q4, 2015 16
MDU Resources Group, Inc., Natural Gas Production 17
Total Natural Gas Production Trend, Q4, 2014-Q4, 2015 17
Natural Gas Production, By Country/Region, Q4, 2014-Q4, 2015 18
MDU Resources Group, Inc., Valuation and Financial Data, 2011-2015 19
MDU Resources Group, Inc., Share Price Performance, 2011-2015 19
Share Price Performance, 2011-2015 19
Key Valuation Metrics, 2011-2015 20
MDU Resources Group, Inc., Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 23
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 26
Crude Oil Production and Reserves By Country/Region, 2011-2015 27
Crude Oil/Liquids Reserve Changes, 2011-2015 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2011-2015 30
Natural Gas Production and Reserves, By Country/Region, 2011-2015 31
Natural Gas Reserve Changes, 2011-2015 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 35
MDU Resources Group, Inc., E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2011-2015 37
Acquisition Costs By Country/Region, 2011-2015 38
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 43
MDU Resources Group, Inc., Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2011-2015 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 47
MDU Resources Group, Inc., Results of Oil & Gas Operations Trend 51
Oil and Gas Revenue and Expenses 51
Oil and Gas Revenue and Expenses, 2011-2015 51
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 52
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2011-2015 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 58
Oil and Gas Performance Metrics 62
MDU Resources Group, Inc., Land Holdings and Well Data 63
Developed and Undeveloped Acreage 63
Gross and Net Developed and Undeveloped Acreage, 2011-2015 63
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 64
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
Recent Developments 73
MDU Resources Group, Inc. - Recent Developments 73
Jun 03, 2016: MDU Resources Names Steiner Assistant Treasurer; Will Oversee Investor Relations 73
May 05, 2016: MDU, Calumet Reduce Output At North Dakota Refinery 73
May 03, 2016: MDU Resources: 22 Percent Earnings Increase At Utility Group Drives MDU Resources' First Quarter Earnings 73
Mar 08, 2016: MDU Resources Names Vollmer Chief Accounting Officer 80
Feb 18, 2016: MDU Resources Announces Pat O'Bryan Leaving Company 81
Feb 10, 2016: PSC Receives More Than 630 Consumer Contacts In 2015 81
Feb 03, 2016: MDU Resources Reports 2015 Earnings, Initiates Guidance For 2016 82
Jan 06, 2016: MDU Resources Names Link Chief Information Officer 83
Jan 04, 2016: MDU Resources Names Jones Vice President Of Human Resources 84
Nov 16, 2015: MDU Resources Names New General Counsel 84
Appendix 86
Methodology 86
Coverage 86
Secondary Research 86
Primary Research 86
Data Information Sources 87
Company Source 87
SEC/Other Regulatory Filings 87
Other Sources 87
Expert Panel Validation 87
Data Definition 87
Oil and Gas Reserves 87
Units of Measure 88
About GlobalData 88
Disclosure 88
Disclaimer 88

List of Tables
Table 1: MDU Resources Group, Inc., Key Facts 8
Table 2: MDU Resources Group, Inc., Share Price Performance, Q4, 2014-Q4, 2015 9
Table 3: MDU Resources Group, Inc., Key Valuation Metrics, Q4, 2014-Q4, 2015 10
Table 4: MDU Resources Group, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11
Table 5: MDU Resources Group, Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2014-Q4, 2015 12
Table 6: MDU Resources Group, Inc., Total Crude Oil and Natural Gas, Production, Q4, 2014-Q4, 2015 13
Table 7: MDU Resources Group, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 14
Table 8: MDU Resources Group, Inc., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 15
Table 9: MDU Resources Group, Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 16
Table 10: MDU Resources Group, Inc., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 17
Table 11: MDU Resources Group, Inc., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 18
Table 12: MDU Resources Group, Inc., Share Price Performance, 2011-2015 19
Table 13: MDU Resources Group, Inc., Key Valuation Metrics, 2011-2015 20
Table 14: MDU Resources Group, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Table 15: MDU Resources Group, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 24
Table 16: MDU Resources Group, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 25
Table 17: MDU Resources Group, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Table 18: MDU Resources Group, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 28
Table 19: MDU Resources Group, Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 29
Table 20: MDU Resources Group, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Table 21: MDU Resources Group, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 32
Table 22: MDU Resources Group, Inc., Natural Gas Reserve Changes, bcf, 2011-2015 33
Table 23: MDU Resources Group, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 34
Table 24: MDU Resources Group, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 36
Table 25: MDU Resources Group, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 37
Table 26: MDU Resources Group, Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 27: MDU Resources Group, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 28: MDU Resources Group, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Table 29: MDU Resources Group, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 44
Table 30: MDU Resources Group, Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Table 31: MDU Resources Group, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 50
Table 32: MDU Resources Group, Inc., Revenue and Expenses, US$ mil, 2011-2015 51
Table 33: MDU Resources Group, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 56
Table 34: MDU Resources Group, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 57
Table 35: MDU Resources Group, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 61
Table 36: MDU Resources Group, Inc., Oil and Gas Performance Metrics, 2011-2015 62
Table 37: MDU Resources Group, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 63
Table 38: MDU Resources Group, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 66
Table 39: MDU Resources Group, Inc., Producible Oil and Gas Wells, 2011-2015 67
Table 40: MDU Resources Group, Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 71
Table 41: MDU Resources Group, Inc., Exploratory and Developed Wells, 2011-2015 72

List of Figures
Figure 1: MDU Resources Group, Inc., Share Price Performance, USD/Share, Q4, 2014-Q4, 2015 9
Figure 2: MDU Resources Group, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2014-Q4, 2015 10
Figure 3: MDU Resources Group, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2014-Q4, 2015 11
Figure 4: MDU Resources Group, Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2014-Q4, 2015 13
Figure 5: MDU Resources Group, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2014-Q4, 2015 14
Figure 6: MDU Resources Group, Inc., Total Crude Oil Production, mmbbl, Q4, 2014-Q4, 2015 15
Figure 7: MDU Resources Group, Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2014-Q4, 2015 16
Figure 8: MDU Resources Group, Inc., Total Natural Gas Production, bcf, Q4, 2014-Q4, 2015 17
Figure 9: MDU Resources Group, Inc., Natural Gas Production, By Country/Region, bcf, Q4, 2014-Q4, 2015 18
Figure 10: MDU Resources Group, Inc., Share Price Performance, USD/Share, 2011-2015 19
Figure 11: MDU Resources Group, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 20
Figure 12: MDU Resources Group, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21
Figure 13: MDU Resources Group, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 23
Figure 14: MDU Resources Group, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 23
Figure 15: MDU Resources Group, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 25
Figure 16: MDU Resources Group, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Figure 17: MDU Resources Group, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 27
Figure 18: MDU Resources Group, Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 27
Figure 19: MDU Resources Group, Inc., Crude Oil Reserve Changes, mmbbl, 2015 29
Figure 20: MDU Resources Group, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Figure 21: MDU Resources Group, Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 31
Figure 22: MDU Resources Group, Inc., Gas Production, By Country/Region, bcf, 2011-2015 31
Figure 23: MDU Resources Group, Inc., Natural Gas Reserve Changes, bcf, 2015 33
Figure 24: MDU Resources Group, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 34
Figure 25: MDU Resources Group, Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 26: MDU Resources Group, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 27: MDU Resources Group, Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: MDU Resources Group, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 37
Figure 29: MDU Resources Group, Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 30: MDU Resources Group, Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 31: MDU Resources Group, Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 32: MDU Resources Group, Inc., Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 33: MDU Resources Group, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 34: MDU Resources Group, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43
Figure 35: MDU Resources Group, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43
Figure 36: MDU Resources Group, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 37: MDU Resources Group, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 45
Figure 38: MDU Resources Group, Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 47
Figure 39: MDU Resources Group, Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 47
Figure 40: MDU Resources Group, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 41: MDU Resources Group, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 42: MDU Resources Group, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 43: MDU Resources Group, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 44: MDU Resources Group, Inc., Revenue and Expenses, US$ mil, 2011-2015 51
Figure 45: MDU Resources Group, Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 52
Figure 46: MDU Resources Group, Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 52
Figure 47: MDU Resources Group, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 48: MDU Resources Group, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 53
Figure 49: MDU Resources Group, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 50: MDU Resources Group, Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 54
Figure 51: MDU Resources Group, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 52: MDU Resources Group, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 57
Figure 53: MDU Resources Group, Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 58
Figure 54: MDU Resources Group, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 58
Figure 55: MDU Resources Group, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 56: MDU Resources Group, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 57: MDU Resources Group, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 58: MDU Resources Group, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 59: MDU Resources Group, Inc., Oil and Gas Performance Metrics, 2011-2015 62
Figure 60: MDU Resources Group, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 63
Figure 61: MDU Resources Group, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 64
Figure 62: MDU Resources Group, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 64
Figure 63: MDU Resources Group, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 65
Figure 64: MDU Resources Group, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 65
Figure 65: MDU Resources Group, Inc., Producible Oil and Gas Wells, 2011-2015 67
Figure 66: MDU Resources Group, Inc., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 67: MDU Resources Group, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 68: MDU Resources Group, Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 69
Figure 69: MDU Resources Group, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 69
Figure 70: MDU Resources Group, Inc., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 71: MDU Resources Group, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 72: MDU Resources Group, Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 71
Figure 73: MDU Resources Group, Inc., Exploratory and Developed Wells, 2011-2015 72


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