Enerplus Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015

 Published On: Oct, 2015 |    No of Pages: 95 |  Published By: GlobalData | Format: PDF
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Summary

Enerplus 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 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
Enerplus Corporation, Valuation and Financial Data 9
Enerplus Corporation, Share Price Performance 9
Share Price Performance, Q2, 2014-Q2, 2015 9
Enerplus Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2014-Q2, 2015 10
Enerplus Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q2, 2014-Q2, 2015 11
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2014-Q2, 2015 12
Enerplus Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2014-Q2, 2015 13
Enerplus Corporation, Quarterly Production Trends 14
Enerplus Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q2, 2014-Q2, 2015 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2014-Q2, 2015 15
Enerplus Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q2, 2014-Q2, 2015 16
Crude Oil Production, By Country/Region, Q2, 2014-Q2, 2015 17
Enerplus Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q2, 2014-Q2, 2015 18
Natural Gas Production, By Country/Region, Q2, 2014-Q2, 2015 19
Enerplus Corporation, Valuation and Financial Data, 2010-2014 20
Enerplus Corporation, Share Price Performance, 2010-2014 20
Share Price Performance, 2010-2014 20
Key Valuation Metrics, 2010-2014 21
Enerplus Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 24
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 27
Crude Oil Production and Reserves By Country/Region, 2010-2014 28
Crude Oil/Liquids Reserve Changes, 2010-2014 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2010-2014 31
Natural Gas Production and Reserves, By Country/Region, 2010-2014 32
Natural Gas Reserve Changes, 2010-2014 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 36
Enerplus Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2010-2014 38
Acquisition Costs By Country/Region, 2010-2014 39
Exploration and Development Costs, By Country/Region, 2010-2014 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2010-2014 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 45
Enerplus Corporation, Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2010-2014 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 49
Enerplus Corporation, Results of Oil & Gas Operations Trend 53
Oil and Gas Revenue and Expenses 53
Oil and Gas Revenue and Expenses, 2010-2014 53
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 54
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2010-2014 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 59
Oil and Gas Performance Metrics 63
Enerplus Corporation, Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2010-2014 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 65
Well Statistics 67
Producible Oil and Gas Well, 2010-2014 67
Producible Oil and Gas Well, By Country/Region, 2010-2014 68
Exploration and Development Wells Drilled, 2010-2014 73
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 74
Recent Developments 75
Enerplus Corporation - Recent Developments 75
Sep 15, 2015: Enerplus Announces Appointment Of New Chief Financial Officer 75
Aug 07, 2015: Enerplus Announces Strong Second Quarter 2015 Results 75
Jun 10, 2015: Enerplus Continues Strong Operational Performance - Updates 2015 Production And Capital Spending Guidance 77
May 08, 2015: Enerplus Building Momentum with Strong Operational First Quarter 2015 Results 78
May 07, 2015: Enerplus Building Momentum With Strong Operational First Quarter 2015 Results 81
Feb 20, 2015: Enerplus Delivers Strong 2014 Operating Results And Low Cost Reserves Additions; Updates 2015 Strategy To Enhance Value And Balance Sheet Strength 84
Feb 17, 2015: Enerplus Announces Cash Dividend For March 2015 88
Jan 22, 2015: Enerplus Announces Cash Dividend For February 2015 89
Dec 18, 2014: Enerplus Announces Cash Dividend For January 2015 89
Dec 17, 2014: Enerplus Announces 2015 Guidance: Reduced Spending, Continued Financial Flexibility And Restrained Growth 89
Appendix 93
Methodology 93
Coverage 93
Secondary Research 93
Primary Research 93
Data Information Sources 94
Company Source 94
SEC/Other Regulatory Filings 94
Other Sources 94
Expert Panel Validation 94
Data Definition 94
Oil and Gas Reserves 94
Units of Measure 95
About GlobalData 95
Disclosure 95
Disclaimer 95

List of Tables
Table 1: Enerplus Corporation, Key Facts 8
Table 2: Enerplus Corporation, Share Price Performance, Q2, 2014-Q2, 2015 9
Table 3: Enerplus Corporation, Key Valuation Metrics, Q2, 2014-Q2, 2015 10
Table 4: Enerplus Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Table 5: Enerplus Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2014-Q2, 2015 12
Table 6: Enerplus Corporation, Upstream Capital Expenditure, Q2, 2014-Q2, 2015 13
Table 7: Enerplus Corporation, Total Crude Oil and Natural Gas, Production, Q2, 2014-Q2, 2015 14
Table 8: Enerplus Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 15
Table 9: Enerplus Corporation, Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 16
Table 10: Enerplus Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 17
Table 11: Enerplus Corporation, Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 18
Table 12: Enerplus Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 19
Table 13: Enerplus Corporation, Share Price Performance, 2010-2014 20
Table 14: Enerplus Corporation, Key Valuation Metrics, 2010-2014 21
Table 15: Enerplus Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 23
Table 16: Enerplus Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 25
Table 17: Enerplus Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 26
Table 18: Enerplus Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Table 19: Enerplus Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 29
Table 20: Enerplus Corporation, Crude Oil Reserve Changes, mmbbl, 2010-2014 30
Table 21: Enerplus Corporation, Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Table 22: Enerplus Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 33
Table 23: Enerplus Corporation, Natural Gas Reserve Changes, bcf, 2010-2014 34
Table 24: Enerplus Corporation, Oil and Gas Reserves Life Index, Years, 2010-2014 35
Table 25: Enerplus Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 37
Table 26: Enerplus Corporation, Upstream Capital Expenditure, US$ mil, 2010-2014 38
Table 27: Enerplus Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 40
Table 28: Enerplus Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 42
Table 29: Enerplus Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 43
Table 30: Enerplus Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 46
Table 31: Enerplus Corporation, Oil and Gas Production Replacement Ratio, %, 2010-2014 47
Table 32: Enerplus Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 52
Table 33: Enerplus Corporation, Revenue and Expenses, US$ mil, 2010-2014 53
Table 34: Enerplus Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 57
Table 35: Enerplus Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 58
Table 36: Enerplus Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 62
Table 37: Enerplus Corporation, Oil and Gas Performance Metrics, 2010-2014 63
Table 38: Enerplus Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 64
Table 39: Enerplus Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 66
Table 40: Enerplus Corporation, Producible Oil and Gas Wells, 2010-2014 67
Table 41: Enerplus Corporation, Producible Oil and Gas Wells, By Country/Region, 2010-2014 72
Table 42: Enerplus Corporation, Exploratory and Developed Wells, 2010-2014 73
Table 43: Enerplus Corporation, Exploratory and Developed Wells, By Country/Region, 2010-2014 74

List of Figures
Figure 1: Enerplus Corporation, Share Price Performance, CAD/Share, Q2, 2014-Q2, 2015 9
Figure 2: Enerplus Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2014-Q2, 2015 10
Figure 3: Enerplus Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Figure 4: Enerplus Corporation, Upstream Capital Expenditure, US$ mil, Q2, 2014-Q2, 2015 13
Figure 5: Enerplus Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2014-Q2, 2015 14
Figure 6: Enerplus Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 15
Figure 7: Enerplus Corporation, Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 16
Figure 8: Enerplus Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 17
Figure 9: Enerplus Corporation, Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 18
Figure 10: Enerplus Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 19
Figure 11: Enerplus Corporation, Share Price Performance, CAD/Share, 2010-2014 20
Figure 12: Enerplus Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 21
Figure 13: Enerplus Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 22
Figure 14: Enerplus Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 24
Figure 15: Enerplus Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 24
Figure 16: Enerplus Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 26
Figure 17: Enerplus Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Figure 18: Enerplus Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 28
Figure 19: Enerplus Corporation, Oil Production, By Country/Region, mmbbl, 2010-2014 28
Figure 20: Enerplus Corporation, Crude Oil Reserve Changes, mmbbl, 2014 30
Figure 21: Enerplus Corporation, Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Figure 22: Enerplus Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 32
Figure 23: Enerplus Corporation, Gas Production, By Country/Region, bcf, 2010-2014 32
Figure 24: Enerplus Corporation, Natural Gas Reserve Changes, bcf, 2014 34
Figure 25: Enerplus Corporation, Oil and Gas Reserves Life Index, Years, 2010-2014 35
Figure 26: Enerplus Corporation, Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 27: Enerplus Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 28: Enerplus Corporation, Oil Reserve Life Index, By Country/Region, Years, 2010-2014 37
Figure 29: Enerplus Corporation, Upstream Capital Expenditure, US$ mil, 2010-2014 38
Figure 30: Enerplus Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 31: Enerplus Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 32: Enerplus Corporation, Development Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 33: Enerplus Corporation, Exploration Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 34: Enerplus Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 43
Figure 35: Enerplus Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 36: Enerplus Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 37: Enerplus Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 46
Figure 38: Enerplus Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 47
Figure 39: Enerplus Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 49
Figure 40: Enerplus Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 49
Figure 41: Enerplus Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 50
Figure 42: Enerplus Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 50
Figure 43: Enerplus Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 51
Figure 44: Enerplus Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 51
Figure 45: Enerplus Corporation, Revenue and Expenses, US$ mil, 2010-2014 53
Figure 46: Enerplus Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 54
Figure 47: Enerplus Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 54
Figure 48: Enerplus Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 55
Figure 49: Enerplus Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 55
Figure 50: Enerplus Corporation, Production Costs, By Country/Region, US$ mil, 2010-2014 56
Figure 51: Enerplus Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 56
Figure 52: Enerplus Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 58
Figure 53: Enerplus Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2010-2014 59
Figure 54: Enerplus Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 59
Figure 55: Enerplus Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 56: Enerplus Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 57: Enerplus Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 58: Enerplus Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 59: Enerplus Corporation, Oil and Gas Performance Metrics, 2010-2014 63
Figure 60: Enerplus Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 64
Figure 61: Enerplus Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 65
Figure 62: Enerplus Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 65
Figure 63: Enerplus Corporation, Producible Oil and Gas Wells, 2010-2014 67
Figure 64: Enerplus Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2010-2014 68
Figure 65: Enerplus Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 68
Figure 66: Enerplus Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2010-2014 69
Figure 67: Enerplus Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 69
Figure 68: Enerplus Corporation, Net Productive Gas Wells, By Country/Region, Number, 2010-2014 70
Figure 69: Enerplus Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 70
Figure 70: Enerplus Corporation, Net Productive Oil Wells, By Country/Region, Number, 2010-2014 71
Figure 71: Enerplus Corporation, Exploratory and Developed Wells, 2010-2014 73


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