QEP Resources, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2016

 Published On: Aug, 2016 |    No of Pages: 104 |  Published By: GlobalData | Format: PDF
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Summary

QEP Resources, 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
QEP Resources, Inc., Valuation and Financial Data 9
QEP Resources, Inc., Share Price Performance 9
Share Price Performance, Q1, 2015-Q1, 2016 9
QEP Resources, Inc., Key Valuation Metrics 10
Key Valuation Metrics, Q1, 2015-Q1, 2016 10
QEP Resources, Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12
QEP Resources, Inc., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
QEP Resources, Inc., Quarterly Production Trends 14
QEP Resources, Inc., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 15
QEP Resources, Inc., Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 16
Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 17
QEP Resources, Inc., Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 18
Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 19
QEP Resources, Inc., Valuation and Financial Data, 2011-2015 20
QEP Resources, Inc., Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
QEP Resources, Inc., Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
QEP Resources, Inc., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2011-2015 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
QEP Resources, Inc., Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
QEP Resources, Inc., Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2011-2015 52
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2011-2015 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59
Oil and Gas Performance Metrics 63
QEP Resources, Inc., Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2011-2015 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65
Well Statistics 68
Producible Oil and Gas Well, 2011-2015 68
Producible Oil and Gas Well, By Country/Region, 2011-2015 69
Exploration and Development Wells Drilled, 2011-2015 73
Exploration and Development Wells Drilled, By Country/Region, 2011-2015 74
Recent Developments 75
QEP Resources, Inc. - Recent Developments 75
Jul 27, 2016: QEP Resources Reports Second Quarter 2016 Financial And Operating Results 75
Apr 27, 2016: QEP Resources Reports First Quarter 2016 Financial And Operating Results 78
Apr 10, 2016: QEP Resources Announces Changes In Corporate Governance And Management 83
Feb 24, 2016: QEP Resources Reports Fourth Quarter And Full Year 2015 Financial And Operational Results And Announces 2016 Guidance 83
Oct 28, 2015: QEP Resources Reports Third Quarter 2015 Financial And Operating Results 87
Aug 03, 2015: QEP Resources Reports Second Quarter 2015 Financial And Operating Results 90
Apr 29, 2015: QEP Resources Reports First Quarter 2015 Financial And Operating Results 94
Apr 28, 2015: Mexco Energy Announces Development Of Properties 97
Apr 20, 2015: BLM Pinedale Seeks Public Comment On Dry Piney Deep Project 98
Feb 24, 2015: QEP Resources Reports Fourth Quarter And Full Year 2014 Financial Aand Operational Results 98
Appendix 102
Methodology 102
Coverage 102
Secondary Research 102
Primary Research 102
Data Information Sources 103
Company Source 103
SEC/Other Regulatory Filings 103
Other Sources 103
Expert Panel Validation 103
Data Definition 103
Oil and Gas Reserves 103
Units of Measure 104
About GlobalData 104
Disclosure 104
Disclaimer 104

List of Tables
Table 1: QEP Resources, Inc., Key Facts 8
Table 2: QEP Resources, Inc., Share Price Performance, Q1, 2015-Q1, 2016 9
Table 3: QEP Resources, Inc., Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Table 4: QEP Resources, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Table 5: QEP Resources, Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12
Table 6: QEP Resources, Inc., Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Table 7: QEP Resources, Inc., Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14
Table 8: QEP Resources, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Table 9: QEP Resources, Inc., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Table 10: QEP Resources, Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Table 11: QEP Resources, Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Table 12: QEP Resources, Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Table 13: QEP Resources, Inc., Share Price Performance, 2011-2015 20
Table 14: QEP Resources, Inc., Key Valuation Metrics, 2011-2015 21
Table 15: QEP Resources, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: QEP Resources, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: QEP Resources, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: QEP Resources, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: QEP Resources, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: QEP Resources, Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: QEP Resources, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: QEP Resources, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: QEP Resources, Inc., Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: QEP Resources, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: QEP Resources, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: QEP Resources, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: QEP Resources, Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40
Table 28: QEP Resources, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42
Table 29: QEP Resources, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: QEP Resources, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: QEP Resources, Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Table 32: QEP Resources, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: QEP Resources, Inc., Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: QEP Resources, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57
Table 35: QEP Resources, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Table 36: QEP Resources, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62
Table 37: QEP Resources, Inc., Oil and Gas Performance Metrics, 2011-2015 63
Table 38: QEP Resources, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Table 39: QEP Resources, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 67
Table 40: QEP Resources, Inc., Producible Oil and Gas Wells, 2011-2015 68
Table 41: QEP Resources, Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 72
Table 42: QEP Resources, Inc., Exploratory and Developed Wells, 2011-2015 73
Table 43: QEP Resources, Inc., Exploratory and Developed Wells, By Country/Region, 2011-2015 74

List of Figures
Figure 1: QEP Resources, Inc., Share Price Performance, USD/Share, Q1, 2015-Q1, 2016 9
Figure 2: QEP Resources, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10
Figure 3: QEP Resources, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Figure 4: QEP Resources, Inc., Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13
Figure 5: QEP Resources, Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14
Figure 6: QEP Resources, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Figure 7: QEP Resources, Inc., Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Figure 8: QEP Resources, Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Figure 9: QEP Resources, Inc., Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Figure 10: QEP Resources, Inc., Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Figure 11: QEP Resources, Inc., Share Price Performance, USD/Share, 2011-2015 20
Figure 12: QEP Resources, Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: QEP Resources, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: QEP Resources, Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: QEP Resources, Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: QEP Resources, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: QEP Resources, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: QEP Resources, Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: QEP Resources, Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: QEP Resources, Inc., Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: QEP Resources, Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: QEP Resources, Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: QEP Resources, Inc., Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: QEP Resources, Inc., Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: QEP Resources, Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: QEP Resources, Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: QEP Resources, Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: QEP Resources, Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 29: QEP Resources, Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: QEP Resources, Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: QEP Resources, Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 32: QEP Resources, Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 33: QEP Resources, Inc., Exploration Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 34: QEP Resources, Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Figure 35: QEP Resources, Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: QEP Resources, Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 37: QEP Resources, Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 38: QEP Resources, Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 39: QEP Resources, Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: QEP Resources, Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 41: QEP Resources, Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: QEP Resources, Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 43: QEP Resources, Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: QEP Resources, Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 45: QEP Resources, Inc., Revenue and Expenses, US$ mil, 2011-2015 52
Figure 46: QEP Resources, Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 47: QEP Resources, Inc., Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53
Figure 48: QEP Resources, Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 49: QEP Resources, Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 50: QEP Resources, Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55
Figure 51: QEP Resources, Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 52: QEP Resources, Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 56
Figure 53: QEP Resources, Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 54: QEP Resources, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Figure 55: QEP Resources, Inc., Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 56: QEP Resources, Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 57: QEP Resources, Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 58: QEP Resources, Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 59: QEP Resources, Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 60: QEP Resources, Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 61: QEP Resources, Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 62: QEP Resources, Inc., Oil and Gas Performance Metrics, 2011-2015 63
Figure 63: QEP Resources, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Figure 64: QEP Resources, Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 65: QEP Resources, Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 66: QEP Resources, Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 66
Figure 67: QEP Resources, Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 66
Figure 68: QEP Resources, Inc., Producible Oil and Gas Wells, 2011-2015 68
Figure 69: QEP Resources, Inc., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 70: QEP Resources, Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 69
Figure 71: QEP Resources, Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 70
Figure 72: QEP Resources, Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 70
Figure 73: QEP Resources, Inc., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 74: QEP Resources, Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 75: QEP Resources, Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 72
Figure 76: QEP Resources, Inc., Exploratory and Developed Wells, 2011-2015 73


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