Gastar Exploration Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015

 Published On: Nov, 2015 |    No of Pages: 96 |  Published By: GlobalData | Format: PDF
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Summary

Gastar Exploration 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 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
Gastar Exploration Inc., Valuation and Financial Data 9
Gastar Exploration Inc., Share Price Performance 9
Share Price Performance, Q2, 2014-Q2, 2015 9
Gastar Exploration Inc., Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2014-Q2, 2015 10
Gastar Exploration Inc., 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
Gastar Exploration Inc., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2014-Q2, 2015 13
Gastar Exploration Inc., Quarterly Production Trends 14
Gastar Exploration Inc., 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
Gastar Exploration Inc., 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
Gastar Exploration Inc., 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
Gastar Exploration Inc., Valuation and Financial Data, 2010-2014 20
Gastar Exploration Inc., Share Price Performance, 2010-2014 20
Share Price Performance, 2010-2014 20
Key Valuation Metrics, 2010-2014 21
Gastar Exploration Inc., 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
Gastar Exploration Inc., 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
Gastar Exploration Inc., 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
Gastar Exploration Inc., 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 59
Oil and Gas Revenue and Expenses, By boe, 2010-2014 59
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 60
Oil and Gas Performance Metrics 64
Gastar Exploration Inc., Land Holdings and Well Data 65
Developed and Undeveloped Acreage 65
Gross and Net Developed and Undeveloped Acreage, 2010-2014 65
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 66
Well Statistics 69
Producible Oil and Gas Well, 2010-2014 69
Producible Oil and Gas Well, By Country/Region, 2010-2014 70
Exploration and Development Wells Drilled, 2010-2014 74
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 75
Recent Developments 76
Gastar Exploration Inc. - Recent Developments 76
Nov 16, 2015: Gastar Announces Appointment Of New Chairman Of The Board 76
Nov 05, 2015: Gastar Exploration Announces Third Quarter 2015 Results 76
Aug 31, 2015: Gastar Exploration Announces Borrowing Base Maintained At $200 Million 79
Aug 06, 2015: Gastar Exploration Announces Second Quarter 2015 Results 80
Jun 30, 2015: Gastar Exploration Announces Production On Second Utica/Point Pleasant Well 83
May 07, 2015: Gastar Exploration Announces First Quarter 2015 Results 84
Mar 12, 2015: Gastar Exploration Announces Fourth Quarter And Full-Year 2014 Results 87
Mar 03, 2015: Gastar Exploration Declares Monthly Cash Dividend On 8.625% Series A Preferred Stock And 10.75% Series B Preferred Stock: Update March 3, 2015 90
Feb 03, 2015: Gastar Exploration Declares Monthly Cash Dividend On 8.625% Series A Preferred Stock And 10.75% Series B Preferred Stock: Update Feb 3, 2015 90
Feb 02, 2015: Gastar Exploration Announces 87% Increase In Proved Reserves 91
Appendix 94
Methodology 94
Coverage 94
Secondary Research 94
Primary Research 94
Data Information Sources 95
Company Source 95
SEC/Other Regulatory Filings 95
Other Sources 95
Expert Panel Validation 95
Data Definition 95
Oil and Gas Reserves 95
Units of Measure 96
About GlobalData 96
Disclosure 96
Disclaimer 96

List of Tables
Table 1: Gastar Exploration Inc., Key Facts 8
Table 2: Gastar Exploration Inc., Share Price Performance, Q2, 2014-Q2, 2015 9
Table 3: Gastar Exploration Inc., Key Valuation Metrics, Q2, 2014-Q2, 2015 10
Table 4: Gastar Exploration Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Table 5: Gastar Exploration Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2014-Q2, 2015 12
Table 6: Gastar Exploration Inc., Upstream Capital Expenditure, Q2, 2014-Q2, 2015 13
Table 7: Gastar Exploration Inc., Total Crude Oil and Natural Gas, Production, Q2, 2014-Q2, 2015 14
Table 8: Gastar Exploration Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 15
Table 9: Gastar Exploration Inc., Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 16
Table 10: Gastar Exploration Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 17
Table 11: Gastar Exploration Inc., Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 18
Table 12: Gastar Exploration Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 19
Table 13: Gastar Exploration Inc., Share Price Performance, 2010-2014 20
Table 14: Gastar Exploration Inc., Key Valuation Metrics, 2010-2014 21
Table 15: Gastar Exploration Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 23
Table 16: Gastar Exploration Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 25
Table 17: Gastar Exploration Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 26
Table 18: Gastar Exploration Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Table 19: Gastar Exploration Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 29
Table 20: Gastar Exploration Inc., Crude Oil Reserve Changes, mmbbl, 2010-2014 30
Table 21: Gastar Exploration Inc., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Table 22: Gastar Exploration Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 33
Table 23: Gastar Exploration Inc., Natural Gas Reserve Changes, bcf, 2010-2014 34
Table 24: Gastar Exploration Inc., Oil and Gas Reserves Life Index, Years, 2010-2014 35
Table 25: Gastar Exploration Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 37
Table 26: Gastar Exploration Inc., Upstream Capital Expenditure, US$ mil, 2010-2014 38
Table 27: Gastar Exploration Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 40
Table 28: Gastar Exploration Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 42
Table 29: Gastar Exploration Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 44
Table 30: Gastar Exploration Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 46
Table 31: Gastar Exploration Inc., Oil and Gas Production Replacement Ratio, %, 2010-2014 48
Table 32: Gastar Exploration Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 52
Table 33: Gastar Exploration Inc., Revenue and Expenses, US$ mil, 2010-2014 53
Table 34: Gastar Exploration Inc., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 58
Table 35: Gastar Exploration Inc., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 59
Table 36: Gastar Exploration Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 63
Table 37: Gastar Exploration Inc., Oil and Gas Performance Metrics, 2010-2014 64
Table 38: Gastar Exploration Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 65
Table 39: Gastar Exploration Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 68
Table 40: Gastar Exploration Inc., Producible Oil and Gas Wells, 2010-2014 69
Table 41: Gastar Exploration Inc., Producible Oil and Gas Wells, By Country/Region, 2010-2014 73
Table 42: Gastar Exploration Inc., Exploratory and Developed Wells, 2010-2014 74
Table 43: Gastar Exploration Inc., Exploratory and Developed Wells, By Country/Region, 2010-2014 75

List of Figures
Figure 1: Gastar Exploration Inc., Share Price Performance, USD/Share, Q2, 2014-Q2, 2015 9
Figure 2: Gastar Exploration Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2014-Q2, 2015 10
Figure 3: Gastar Exploration Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Figure 4: Gastar Exploration Inc., Upstream Capital Expenditure, US$ mil, Q2, 2014-Q2, 2015 13
Figure 5: Gastar Exploration Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2014-Q2, 2015 14
Figure 6: Gastar Exploration Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 15
Figure 7: Gastar Exploration Inc., Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 16
Figure 8: Gastar Exploration Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 17
Figure 9: Gastar Exploration Inc., Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 18
Figure 10: Gastar Exploration Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 19
Figure 11: Gastar Exploration Inc., Share Price Performance, USD/Share, 2010-2014 20
Figure 12: Gastar Exploration Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 21
Figure 13: Gastar Exploration Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 22
Figure 14: Gastar Exploration Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 24
Figure 15: Gastar Exploration Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 24
Figure 16: Gastar Exploration Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 26
Figure 17: Gastar Exploration Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Figure 18: Gastar Exploration Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 28
Figure 19: Gastar Exploration Inc., Oil Production, By Country/Region, mmbbl, 2010-2014 28
Figure 20: Gastar Exploration Inc., Crude Oil Reserve Changes, mmbbl, 2014 30
Figure 21: Gastar Exploration Inc., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Figure 22: Gastar Exploration Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 32
Figure 23: Gastar Exploration Inc., Gas Production, By Country/Region, bcf, 2010-2014 32
Figure 24: Gastar Exploration Inc., Natural Gas Reserve Changes, bcf, 2014 34
Figure 25: Gastar Exploration Inc., Oil and Gas Reserves Life Index, Years, 2010-2014 35
Figure 26: Gastar Exploration Inc., Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 27: Gastar Exploration Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 28: Gastar Exploration Inc., Oil Reserve Life Index, By Country/Region, Years, 2010-2014 37
Figure 29: Gastar Exploration Inc., Upstream Capital Expenditure, US$ mil, 2010-2014 38
Figure 30: Gastar Exploration Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 31: Gastar Exploration Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 32: Gastar Exploration Inc., Development Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 33: Gastar Exploration Inc., Exploration Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 34: Gastar Exploration Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 43
Figure 35: Gastar Exploration Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 36: Gastar Exploration Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 37: Gastar Exploration Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 46
Figure 38: Gastar Exploration Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 47
Figure 39: Gastar Exploration Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 49
Figure 40: Gastar Exploration Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 49
Figure 41: Gastar Exploration Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 50
Figure 42: Gastar Exploration Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 50
Figure 43: Gastar Exploration Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 51
Figure 44: Gastar Exploration Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 51
Figure 45: Gastar Exploration Inc., Revenue and Expenses, US$ mil, 2010-2014 53
Figure 46: Gastar Exploration Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 54
Figure 47: Gastar Exploration Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 54
Figure 48: Gastar Exploration Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 55
Figure 49: Gastar Exploration Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 55
Figure 50: Gastar Exploration Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 56
Figure 51: Gastar Exploration Inc., Production Costs, By Country/Region, US$ mil, 2010-2014 56
Figure 52: Gastar Exploration Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 57
Figure 53: Gastar Exploration Inc., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 59
Figure 54: Gastar Exploration Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 55: Gastar Exploration Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 56: Gastar Exploration Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 57: Gastar Exploration Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 58: Gastar Exploration Inc., Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 62
Figure 59: Gastar Exploration Inc., Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 62
Figure 60: Gastar Exploration Inc., Oil and Gas Performance Metrics, 2010-2014 64
Figure 61: Gastar Exploration Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 65
Figure 62: Gastar Exploration Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 66
Figure 63: Gastar Exploration Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 66
Figure 64: Gastar Exploration Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2010-2014 67
Figure 65: Gastar Exploration Inc., Total Net Developed Acreage, By Country/Region, Acres, 2010-2014 67
Figure 66: Gastar Exploration Inc., Producible Oil and Gas Wells, 2010-2014 69
Figure 67: Gastar Exploration Inc., Gross Productive Gas Wells, By Country/Region, Number, 2010-2014 70
Figure 68: Gastar Exploration Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 70
Figure 69: Gastar Exploration Inc., Gross Productive Oil Wells, By Country/Region, Number, 2010-2014 71
Figure 70: Gastar Exploration Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 71
Figure 71: Gastar Exploration Inc., Net Productive Gas Wells, By Country/Region, Number, 2010-2014 72
Figure 72: Gastar Exploration Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 72
Figure 73: Gastar Exploration Inc., Net Productive Oil Wells, By Country/Region, Number, 2010-2014 73
Figure 74: Gastar Exploration Inc., Exploratory and Developed Wells, 2010-2014 74


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