Twin Butte Energy Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014

 Published On: Jan, 2015 |    No of Pages: 87 |  Published By: GlobalData | Format: PDF
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Summary

Twin Butte Energy 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
Twin Butte Energy Ltd., Valuation and Financial Data 9
Twin Butte Energy Ltd., Share Price Performance 9
Share Price Performance, Q3, 2013-Q3, 2014 9
Twin Butte Energy Ltd., Key Valuation Metrics 10
Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Twin Butte Energy 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
Twin Butte Energy Ltd., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Twin Butte Energy Ltd., Quarterly Production Trends 14
Twin Butte Energy 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
Twin Butte Energy 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
Twin Butte Energy 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
Twin Butte Energy Ltd., Valuation and Financial Data, 2009-2013 20
Twin Butte Energy Ltd., Share Price Performance, 2009-2013 20
Share Price Performance, 2009-2013 20
Key Valuation Metrics, 2009-2013 21
Twin Butte Energy 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
Twin Butte Energy Ltd., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2009-2013 38
Acquisition Costs By Country/Region, 2009-2013 39
Exploration and Development Costs, By Country/Region, 2009-2013 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2009-2013 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 44
Twin Butte Energy Ltd., Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2009-2013 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 48
Twin Butte Energy Ltd., Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2009-2013 52
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2009-2013 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 59
Oil and Gas Performance Metrics 63
Twin Butte Energy Ltd., Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2009-2013 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 65
Well Statistics 68
Producible Oil and Gas Well, 2009-2013 68
Producible Oil and Gas Well, By Country/Region, 2009-2013 69
Exploration and Development Wells Drilled, 2009-2013 73
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 74
Recent Developments 75
Twin Butte Energy Ltd. - Recent Developments 75
Jan 15, 2015: Twin Butte Energy Confirms January Dividend Payment 75
Dec 18, 2014: Twin Butte Announces Revised 2015 Capital Plan And Dividend Reduction 75
Dec 15, 2014: Twin Butte Energy confirms December dividend payment 76
Nov 17, 2014: Twin Butte Energy Confirms November Dividend Payment 76
Nov 13, 2014: Twin Butte Energy Announces Sustainable 2015 Dividend Model And 2014 Third Quarter Financial And Operating Results 77
Oct 15, 2014: Twin Butte Energy Confirms October Dividend Payment 80
Sep 15, 2014: Twin Butte Energy Confirms September Dividend Payment 81
Aug 15, 2014: Twin Butte Energy confirms August dividend payment 81
Aug 13, 2014: Twin Butte Energy announces 2014 second quarter financial and operating results 81
Jul 15, 2014: Twin Butte Energy confirms July dividend payment 84
Appendix 85
Methodology 85
Coverage 85
Secondary Research 85
Primary Research 85
Data Information Sources 86
Company Source 86
SEC/Other Regulatory Filings 86
Other Sources 86
Expert Panel Validation 86
Data Definition 86
Oil and Gas Reserves 86
Units of Measure 87
About GlobalData 87
Disclosure 87
Disclaimer 87

List of Tables
Table 1: Twin Butte Energy Ltd., Key Facts 8
Table 2: Twin Butte Energy Ltd., Share Price Performance, Q3, 2013-Q3, 2014 9
Table 3: Twin Butte Energy Ltd., Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Table 4: Twin Butte Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Table 5: Twin Butte Energy Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 12
Table 6: Twin Butte Energy Ltd., Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Table 7: Twin Butte Energy Ltd., Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 14
Table 8: Twin Butte Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Table 9: Twin Butte Energy Ltd., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Table 10: Twin Butte Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Table 11: Twin Butte Energy Ltd., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Table 12: Twin Butte Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Table 13: Twin Butte Energy Ltd., Share Price Performance, 2009-2013 20
Table 14: Twin Butte Energy Ltd., Key Valuation Metrics, 2009-2013 21
Table 15: Twin Butte Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 23
Table 16: Twin Butte Energy Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 25
Table 17: Twin Butte Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 26
Table 18: Twin Butte Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Table 19: Twin Butte Energy Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 29
Table 20: Twin Butte Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2009-2013 30
Table 21: Twin Butte Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Table 22: Twin Butte Energy Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 33
Table 23: Twin Butte Energy Ltd., Natural Gas Reserve Changes, bcf, 2009-2013 34
Table 24: Twin Butte Energy Ltd., Oil and Gas Reserves Life Index, Years, 2009-2013 35
Table 25: Twin Butte Energy Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 37
Table 26: Twin Butte Energy Ltd., Upstream Capital Expenditure, US$ mil, 2009-2013 38
Table 27: Twin Butte Energy Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Table 28: Twin Butte Energy Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 41
Table 29: Twin Butte Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 42
Table 30: Twin Butte Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 45
Table 31: Twin Butte Energy Ltd., Oil and Gas Production Replacement Ratio, %, 2009-2013 46
Table 32: Twin Butte Energy Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 51
Table 33: Twin Butte Energy Ltd., Revenue and Expenses, US$ mil, 2009-2013 52
Table 34: Twin Butte Energy Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 57
Table 35: Twin Butte Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 58
Table 36: Twin Butte Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 62
Table 37: Twin Butte Energy Ltd., Oil and Gas Performance Metrics, 2009-2013 63
Table 38: Twin Butte Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 64
Table 39: Twin Butte Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 67
Table 40: Twin Butte Energy Ltd., Producible Oil and Gas Wells, 2009-2013 68
Table 41: Twin Butte Energy Ltd., Producible Oil and Gas Wells, By Country/Region, 2009-2013 72
Table 42: Twin Butte Energy Ltd., Exploratory and Developed Wells, 2009-2013 73
Table 43: Twin Butte Energy Ltd., Exploratory and Developed Wells, By Country/Region, 2009-2013 74

List of Figures
Figure 1: Twin Butte Energy Ltd., Share Price Performance, CAD/Share, Q3, 2013-Q3, 2014 9
Figure 2: Twin Butte Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 10
Figure 3: Twin Butte Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Figure 4: Twin Butte Energy Ltd., Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 13
Figure 5: Twin Butte Energy Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 14
Figure 6: Twin Butte Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Figure 7: Twin Butte Energy Ltd., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Figure 8: Twin Butte Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Figure 9: Twin Butte Energy Ltd., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Figure 10: Twin Butte Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Figure 11: Twin Butte Energy Ltd., Share Price Performance, CAD/Share, 2009-2013 20
Figure 12: Twin Butte Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 21
Figure 13: Twin Butte Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 22
Figure 14: Twin Butte Energy Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 24
Figure 15: Twin Butte Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 24
Figure 16: Twin Butte Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 26
Figure 17: Twin Butte Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Figure 18: Twin Butte Energy Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 28
Figure 19: Twin Butte Energy Ltd., Oil Production, By Country/Region, mmbbl, 2009-2013 28
Figure 20: Twin Butte Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2013 30
Figure 21: Twin Butte Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Figure 22: Twin Butte Energy Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2009-2013 32
Figure 23: Twin Butte Energy Ltd., Gas Production, By Country/Region, bcf, 2009-2013 32
Figure 24: Twin Butte Energy Ltd., Natural Gas Reserve Changes, bcf, 2013 34
Figure 25: Twin Butte Energy Ltd., Oil and Gas Reserves Life Index, Years, 2009-2013 35
Figure 26: Twin Butte Energy Ltd., Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 27: Twin Butte Energy Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 28: Twin Butte Energy Ltd., Oil Reserve Life Index, By Country/Region, Years, 2009-2013 37
Figure 29: Twin Butte Energy Ltd., Upstream Capital Expenditure, US$ mil, 2009-2013 38
Figure 30: Twin Butte Energy Ltd., Proved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Figure 31: Twin Butte Energy Ltd., Development Costs, By Country/Region, US$ mil, 2009-2013 40
Figure 32: Twin Butte Energy Ltd., Exploration Costs, By Country/Region, US$ mil, 2009-2013 40
Figure 33: Twin Butte Energy Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 42
Figure 34: Twin Butte Energy Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 44
Figure 35: Twin Butte Energy Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 44
Figure 36: Twin Butte Energy Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 45
Figure 37: Twin Butte Energy Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 46
Figure 38: Twin Butte Energy Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 48
Figure 39: Twin Butte Energy Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 48
Figure 40: Twin Butte Energy Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 49
Figure 41: Twin Butte Energy Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 49
Figure 42: Twin Butte Energy Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 50
Figure 43: Twin Butte Energy Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 50
Figure 44: Twin Butte Energy Ltd., Revenue and Expenses, US$ mil, 2009-2013 52
Figure 45: Twin Butte Energy Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 46: Twin Butte Energy Ltd., Exploration Expenses, By Country/Region, US$ mil, 2009-2013 53
Figure 47: Twin Butte Energy Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 54
Figure 48: Twin Butte Energy Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 54
Figure 49: Twin Butte Energy Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 55
Figure 50: Twin Butte Energy Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 55
Figure 51: Twin Butte Energy Ltd., Production Costs, By Country/Region, US$ mil, 2009-2013 56
Figure 52: Twin Butte Energy Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 56
Figure 53: Twin Butte Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 58
Figure 54: Twin Butte Energy Ltd., Exploration Expenses per boe, By Country/Region, US$/boe, 2009-2013 59
Figure 55: Twin Butte Energy Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 59
Figure 56: Twin Butte Energy Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 60
Figure 57: Twin Butte Energy Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 60
Figure 58: Twin Butte Energy Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 61
Figure 59: Twin Butte Energy Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 61
Figure 60: Twin Butte Energy Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 62
Figure 61: Twin Butte Energy Ltd., Oil and Gas Performance Metrics, 2009-2013 63
Figure 62: Twin Butte Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 64
Figure 63: Twin Butte Energy Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 65
Figure 64: Twin Butte Energy Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 65
Figure 65: Twin Butte Energy Ltd., Total Gross Developed Acreage, By Country/Region, Acres, 2009-2013 66
Figure 66: Twin Butte Energy Ltd., Total Net Developed Acreage, By Country/Region, Acres, 2009-2013 66
Figure 67: Twin Butte Energy Ltd., Producible Oil and Gas Wells, 2009-2013 68
Figure 68: Twin Butte Energy Ltd., Gross Productive Gas Wells, By Country/Region, Number, 2009-2013 69
Figure 69: Twin Butte Energy Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 69
Figure 70: Twin Butte Energy Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 70
Figure 71: Twin Butte Energy Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 70
Figure 72: Twin Butte Energy Ltd., Net Productive Gas Wells, By Country/Region, Number, 2009-2013 71
Figure 73: Twin Butte Energy Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 71
Figure 74: Twin Butte Energy Ltd., Net Productive Oil Wells, By Country/Region, Number, 2009-2013 72
Figure 75: Twin Butte Energy Ltd., Exploratory and Developed Wells, 2009-2013 73


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