Arcan Resources Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014

 Published On: Jan, 2015 |    No of Pages: 85 |  Published By: GlobalData | Format: PDF
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Summary

Arcan Resources Ltd. (Arcan) is an oil and gas company. The company produces, develops, explores and acquires natural gas and oil. It explores and produces light, sweet oil from the Western Canadian Sedimentary Basin. Arcan operations include Swan Hills Complex and Waterflood operations. The company’s Swan Hills reef complex is situated in north central Alberta. It has properties such as Deer Mountain Unit #2, Deer Mountain West, Ethel and West Ethel, Morse River, South Swan Hills, Ethel South and Gere. The company implements expand water flood enhanced oil recovery throughout its asset base. Arcan is headquartered in Calgary, Alberta, Canada

Arcan Resources Ltd. 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
Arcan Resources Ltd., Valuation and Financial Data 9
Arcan Resources Ltd., Share Price Performance 9
Share Price Performance, Q3, 2013-Q3, 2014 9
Arcan Resources Ltd., Key Valuation Metrics 10
Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Arcan Resources Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q3, 2013-Q3, 2014 11
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2013-Q3, 2014 12
Arcan Resources Ltd., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Arcan Resources Ltd., Quarterly Production Trends 14
Arcan Resources Ltd., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 15
Arcan Resources Ltd., Crude Oil Production 16
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 16
Crude Oil Production, By Country/Region, Q3, 2013-Q3, 2014 17
Arcan Resources Ltd., Natural Gas Production 18
Total Natural Gas Production Trend, Q3, 2013-Q3, 2014 18
Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 19
Arcan Resources Ltd., Valuation and Financial Data, 2009-2013 20
Arcan Resources Ltd., Share Price Performance, 2009-2013 20
Share Price Performance, 2009-2013 20
Key Valuation Metrics, 2009-2013 21
Arcan Resources Ltd., Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 24
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 27
Crude Oil Production and Reserves By Country/Region, 2009-2013 28
Crude Oil/Liquids Reserve Changes, 2009-2013 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2009-2013 31
Natural Gas Production and Reserves, By Country/Region, 2009-2013 32
Natural Gas Reserve Changes, 2009-2013 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 36
Arcan Resources Ltd., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2009-2013 38
Exploration and Development Costs, By Country/Region, 2009-2013 39
Oil and Gas Cost Per boe, US$/boe 40
Oil and Gas Cost Per boe, US$/boe, 2009-2013 40
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 41
Arcan Resources Ltd., Reserve Replacement Ratio 43
Oil and Gas Production Replacement Ratio 43
Oil and Gas Production Replacement Ratio, 2009-2013 43
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 45
Arcan Resources Ltd., Results of Oil & Gas Operations Trend 49
Oil and Gas Revenue and Expenses 49
Oil and Gas Revenue and Expenses, 2009-2013 49
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 50
Oil and Gas Revenue and Expenses, Per boe 55
Oil and Gas Revenue and Expenses, By boe, 2009-2013 55
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 56
Oil and Gas Performance Metrics 60
Arcan Resources Ltd., Land Holdings and Well Data 61
Developed and Undeveloped Acreage 61
Gross and Net Developed and Undeveloped Acreage, 2009-2013 61
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 62
Well Statistics 64
Producible Oil and Gas Well, 2009-2013 64
Producible Oil and Gas Well, By Country/Region, 2009-2013 65
Exploration and Development Wells Drilled, 2009-2013 68
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 69
Recent Developments 70
Arcan Resources Ltd. - Recent Developments 70
Nov 27, 2014: Arcan Delivers Solid Production, Reduced Operating Expenses And Completes Bank Line Review 70
Oct 07, 2014: Arcan Commences Winter Drilling Program 72
Aug 26, 2014: Arcan Increases Second Quarter Production 73
Aug 26, 2014: Arcan Increases Second Quarter Production; Focuses on Cost Reduction and Debt Position 74
Aug 05, 2014: Fortaleza Announces Entering Of Energy Services Business 77
Jun 09, 2014: Arcan Updates Its $180 Million Credit Facility 77
May 12, 2014: Arcan Increased Production, Funds From Operations and Lowered Costs in First Quarter of 2014 78
Apr 02, 2014: Arcan Resources Announces Achievement of 2013 Objectives, Increase in Proved Reserves and 2013 Financial Results 80
Jan 15, 2014: Arcan Announces Operations Update and Resignation 82
Appendix 83
Methodology 83
Coverage 83
Secondary Research 83
Primary Research 83
Data Information Sources 84
Company Source 84
SEC/Other Regulatory Filings 84
Other Sources 84
Expert Panel Validation 84
Data Definition 84
Oil and Gas Reserves 84
Units of Measure 85
About GlobalData 85
Disclosure 85
Disclaimer 85

List of Tables
Table 1: Arcan Resources Ltd., Key Facts 8
Table 2: Arcan Resources Ltd., Share Price Performance, Q3, 2013-Q3, 2014 9
Table 3: Arcan Resources Ltd., Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Table 4: Arcan Resources Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Table 5: Arcan Resources Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 12
Table 6: Arcan Resources Ltd., Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Table 7: Arcan Resources Ltd., Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 14
Table 8: Arcan Resources Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Table 9: Arcan Resources Ltd., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Table 10: Arcan Resources Ltd., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Table 11: Arcan Resources Ltd., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Table 12: Arcan Resources Ltd., Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Table 13: Arcan Resources Ltd., Share Price Performance, 2009-2013 20
Table 14: Arcan Resources Ltd., Key Valuation Metrics, 2009-2013 21
Table 15: Arcan Resources Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 23
Table 16: Arcan Resources Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 25
Table 17: Arcan Resources Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 26
Table 18: Arcan Resources Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Table 19: Arcan Resources Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 29
Table 20: Arcan Resources Ltd., Crude Oil Reserve Changes, mmbbl, 2009-2013 30
Table 21: Arcan Resources Ltd., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Table 22: Arcan Resources Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 33
Table 23: Arcan Resources Ltd., Natural Gas Reserve Changes, bcf, 2009-2013 34
Table 24: Arcan Resources Ltd., Oil and Gas Reserves Life Index, Years, 2009-2013 35
Table 25: Arcan Resources Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 37
Table 26: Arcan Resources Ltd., Upstream Capital Expenditure, US$ mil, 2009-2013 38
Table 27: Arcan Resources Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 39
Table 28: Arcan Resources Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 40
Table 29: Arcan Resources Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 42
Table 30: Arcan Resources Ltd., Oil and Gas Production Replacement Ratio, %, 2009-2013 43
Table 31: Arcan Resources Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 48
Table 32: Arcan Resources Ltd., Revenue and Expenses, US$ mil, 2009-2013 49
Table 33: Arcan Resources Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 54
Table 34: Arcan Resources Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 55
Table 35: Arcan Resources Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 59
Table 36: Arcan Resources Ltd., Oil and Gas Performance Metrics, 2009-2013 60
Table 37: Arcan Resources Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 61
Table 38: Arcan Resources Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 63
Table 39: Arcan Resources Ltd., Producible Oil and Gas Wells, 2009-2013 64
Table 40: Arcan Resources Ltd., Producible Oil and Gas Wells, By Country/Region, 2009-2013 67
Table 41: Arcan Resources Ltd., Exploratory and Developed Wells, 2009-2013 68
Table 42: Arcan Resources Ltd., Exploratory and Developed Wells, By Country/Region, 2009-2013 69

List of Figures
Figure 1: Arcan Resources Ltd., Share Price Performance, CAD/Share, Q3, 2013-Q3, 2014 9
Figure 2: Arcan Resources Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 10
Figure 3: Arcan Resources Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Figure 4: Arcan Resources Ltd., Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 13
Figure 5: Arcan Resources Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 14
Figure 6: Arcan Resources Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Figure 7: Arcan Resources Ltd., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Figure 8: Arcan Resources Ltd., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Figure 9: Arcan Resources Ltd., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Figure 10: Arcan Resources Ltd., Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Figure 11: Arcan Resources Ltd., Share Price Performance, CAD/Share, 2009-2013 20
Figure 12: Arcan Resources Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 21
Figure 13: Arcan Resources Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 22
Figure 14: Arcan Resources Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 24
Figure 15: Arcan Resources Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 24
Figure 16: Arcan Resources Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 26
Figure 17: Arcan Resources Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Figure 18: Arcan Resources Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 28
Figure 19: Arcan Resources Ltd., Oil Production, By Country/Region, mmbbl, 2009-2013 28
Figure 20: Arcan Resources Ltd., Crude Oil Reserve Changes, mmbbl, 2013 30
Figure 21: Arcan Resources Ltd., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Figure 22: Arcan Resources Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2009-2013 32
Figure 23: Arcan Resources Ltd., Gas Production, By Country/Region, bcf, 2009-2013 32
Figure 24: Arcan Resources Ltd., Natural Gas Reserve Changes, bcf, 2013 34
Figure 25: Arcan Resources Ltd., Oil and Gas Reserves Life Index, Years, 2009-2013 35
Figure 26: Arcan Resources Ltd., Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 27: Arcan Resources Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 28: Arcan Resources Ltd., Oil Reserve Life Index, By Country/Region, Years, 2009-2013 37
Figure 29: Arcan Resources Ltd., Upstream Capital Expenditure, US$ mil, 2009-2013 38
Figure 30: Arcan Resources Ltd., Development Costs, By Country/Region, US$ mil, 2009-2013 39
Figure 31: Arcan Resources Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 40
Figure 32: Arcan Resources Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 41
Figure 33: Arcan Resources Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 41
Figure 34: Arcan Resources Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 43
Figure 35: Arcan Resources Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 45
Figure 36: Arcan Resources Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 45
Figure 37: Arcan Resources Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 46
Figure 38: Arcan Resources Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 46
Figure 39: Arcan Resources Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 47
Figure 40: Arcan Resources Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 47
Figure 41: Arcan Resources Ltd., Revenue and Expenses, US$ mil, 2009-2013 49
Figure 42: Arcan Resources Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 50
Figure 43: Arcan Resources Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 50
Figure 44: Arcan Resources Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 51
Figure 45: Arcan Resources Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 51
Figure 46: Arcan Resources Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 52
Figure 47: Arcan Resources Ltd., Production Costs, By Country/Region, US$ mil, 2009-2013 52
Figure 48: Arcan Resources Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 49: Arcan Resources Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 55
Figure 50: Arcan Resources Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 56
Figure 51: Arcan Resources Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 56
Figure 52: Arcan Resources Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 57
Figure 53: Arcan Resources Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 57
Figure 54: Arcan Resources Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 58
Figure 55: Arcan Resources Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 58
Figure 56: Arcan Resources Ltd., Oil and Gas Performance Metrics, 2009-2013 60
Figure 57: Arcan Resources Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 61
Figure 58: Arcan Resources Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 62
Figure 59: Arcan Resources Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 62
Figure 60: Arcan Resources Ltd., Producible Oil and Gas Wells, 2009-2013 64
Figure 61: Arcan Resources Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 65
Figure 62: Arcan Resources Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 65
Figure 63: Arcan Resources Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 66
Figure 64: Arcan Resources Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 66
Figure 65: Arcan Resources Ltd., Net Productive Oil Wells, By Country/Region, Number, 2009-2013 67
Figure 66: Arcan Resources Ltd., Exploratory and Developed Wells, 2009-2013 68


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