SM Energy Company Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 108 |  Published By: GlobalData | Format: PDF
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Summary

SM Energy Company 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 7
Key Information 7
Company Overview 7
SM Energy Company, Valuation and Financial Data 8
SM Energy Company, Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
SM Energy Company, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
SM Energy Company, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q4, 2015-Q4, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2015-Q4, 2016 11
SM Energy Company, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
SM Energy Company, Quarterly Production Trends 13
SM Energy Company, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2015-Q4, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 14
SM Energy Company, Crude Oil Production 15
Total Crude Oil Production Trend, Q4, 2015-Q4, 2016 15
Crude Oil Production, By Country/Region, Q4, 2015-Q4, 2016 16
SM Energy Company, Natural Gas Production 17
Total Natural Gas Production Trend, Q4, 2015-Q4, 2016 17
Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 18
SM Energy Company, Valuation and Financial Data, 2012-2016 19
SM Energy Company, Share Price Performance, 2012-2016 19
Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
SM Energy Company, Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 23
Total Crude Oil and Natural Gas Reserve Changes, 2012-2016 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 26
Crude Oil Production and Reserves By Country/Region, 2012-2016 27
Crude Oil/Liquids Reserve Changes, 2012-2016 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2012-2016 30
Natural Gas Production and Reserves, By Country/Region, 2012-2016 31
Natural Gas Reserve Changes, 2012-2016 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 35
SM Energy Company, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2012-2016 37
Acquisition Costs By Country/Region, 2012-2016 38
Exploration and Development Costs, By Country/Region, 2012-2016 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2012-2016 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 44
SM Energy Company, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2012-2016 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 49
SM Energy Company, Results of Oil & Gas Operations Trend 53
Oil and Gas Revenue and Expenses 53
Oil and Gas Revenue and Expenses, 2012-2016 53
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 55
Oil and Gas Revenue and Expenses, Per boe 60
Oil and Gas Revenue and Expenses, By boe, 2012-2016 60
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 61
Oil and Gas Performance Metrics 66
SM Energy Company, Land Holdings and Well Data 67
Developed and Undeveloped Acreage 67
Gross and Net Developed and Undeveloped Acreage, 2012-2016 67
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 68
Well Statistics 71
Producible Oil and Gas Well, 2012-2016 71
Producible Oil and Gas Well, By Country/Region, 2012-2016 72
Exploration and Development Wells Drilled, 2012-2016 77
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 79
Recent Developments 80
SM Energy Company - Recent Developments 80
May 02, 2017: SM Energy Reports First Quarter Of 2017 Results - Higher Production, Lower Capital Versus Plan, Production Guidance Raised 80
Feb 22, 2017: SM Energy Reports 2016 Results And 2017 Operating Plan: Driving Growth From Top Tier Assets 83
Jan 31, 2017: SM Energy Announces Results On 8 New Howard County Wells And Certain Year-End 2016 Metrics 87
Nov 01, 2016: SM Energy Reports Third Quarter Of 2016 Results - Executing On Our Long-Term Strategy And Delivering Strong Performance 88
Aug 02, 2016: SM Energy Reports Second Quarter of 2016 Results 92
May 03, 2016: SM Energy Reports First Quarter Of 2016 Results - Initial Permian Wells Exceed Expectations 95
Apr 13, 2016: SM Energy Announces Amendment To Revolving Credit Facility, Previews First Quarter 2016 Realized Prices, And Schedules First Quarter Earnings Call 98
Feb 23, 2016: SM Energy Reports 2015 Results And 2016 Operating Plan: Maintaining Balance Sheet Strength While Increasing Activity In The Permian 99
Jan 20, 2016: SM Energy Reports 2015 Production, Realized Prices And Year-End Credit Metrics 103
Appendix 105
Methodology 105
Coverage 105
Secondary Research 105
Primary Research 106
Data Information Sources 106
Company Source 106
SEC/Other Regulatory Filings 106
Other Sources 106
Expert Panel Validation 106
Data Definition 107
Oil and Gas Reserves 107
Units of Measure 107
About GlobalData 108
Disclosure 108
Disclaimer 108

List of Tables
Table 1: SM Energy Company, Key Facts 7
Table 2: SM Energy Company, Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: SM Energy Company, Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: SM Energy Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Table 5: SM Energy Company, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11
Table 6: SM Energy Company, Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Table 7: SM Energy Company, Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 13
Table 8: SM Energy Company, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Table 9: SM Energy Company, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Table 10: SM Energy Company, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Table 11: SM Energy Company, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Table 12: SM Energy Company, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Table 13: SM Energy Company, Share Price Performance, 2012-2016 19
Table 14: SM Energy Company, Key Valuation Metrics, 2012-2016 20
Table 15: SM Energy Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: SM Energy Company, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: SM Energy Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: SM Energy Company, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: SM Energy Company, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: SM Energy Company, Crude Oil Reserve Changes, mmbbl, 2012-2016 29
Table 21: SM Energy Company, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Table 22: SM Energy Company, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 32
Table 23: SM Energy Company, Natural Gas Reserve Changes, bcf, 2012-2016 33
Table 24: SM Energy Company, Oil and Gas Reserves Life Index, Years, 2012-2016 34
Table 25: SM Energy Company, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 36
Table 26: SM Energy Company, Upstream Capital Expenditure, US$ mil, 2012-2016 37
Table 27: SM Energy Company, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Table 28: SM Energy Company, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 41
Table 29: SM Energy Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 43
Table 30: SM Energy Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 45
Table 31: SM Energy Company, Oil and Gas Production Replacement Ratio, %, 2012-2016 47
Table 32: SM Energy Company, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 52
Table 33: SM Energy Company, Revenue and Expenses, US$ mil, 2012-2016 54
Table 34: SM Energy Company, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 59
Table 35: SM Energy Company, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 60
Table 36: SM Energy Company, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 65
Table 37: SM Energy Company, Oil and Gas Performance Metrics, 2012-2016 66
Table 38: SM Energy Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 67
Table 39: SM Energy Company, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 70
Table 40: SM Energy Company, Producible Oil and Gas Wells, 2012-2016 71
Table 41: SM Energy Company, Producible Oil and Gas Wells, By Country/Region, 2012-2016 76
Table 42: SM Energy Company, Exploratory and Developed Wells, 2012-2016 78
Table 43: SM Energy Company, Exploratory and Developed Wells, By Country/Region, 2012-2016 79

List of Figures
Figure 1: SM Energy Company, Share Price Performance, USD/Share, Q4, 2015-Q4, 2016 8
Figure 2: SM Energy Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2015-Q4, 2016 9
Figure 3: SM Energy Company, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Figure 4: SM Energy Company, Upstream Capital Expenditure, US$ mil, Q4, 2015-Q4, 2016 12
Figure 5: SM Energy Company, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2015-Q4, 2016 13
Figure 6: SM Energy Company, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Figure 7: SM Energy Company, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Figure 8: SM Energy Company, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Figure 9: SM Energy Company, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Figure 10: SM Energy Company, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Figure 11: SM Energy Company, Share Price Performance, USD/Share, 2012-2016 19
Figure 12: SM Energy Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 20
Figure 13: SM Energy Company, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 21
Figure 14: SM Energy Company, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 23
Figure 15: SM Energy Company, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 23
Figure 16: SM Energy Company, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 25
Figure 17: SM Energy Company, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Figure 18: SM Energy Company, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 27
Figure 19: SM Energy Company, Oil Production, By Country/Region, mmbbl, 2012-2016 27
Figure 20: SM Energy Company, Crude Oil Reserve Changes, mmbbl, 2016 29
Figure 21: SM Energy Company, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Figure 22: SM Energy Company, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 31
Figure 23: SM Energy Company, Gas Production, By Country/Region, bcf, 2012-2016 31
Figure 24: SM Energy Company, Natural Gas Reserve Changes, bcf, 2016 33
Figure 25: SM Energy Company, Oil and Gas Reserves Life Index, Years, 2012-2016 34
Figure 26: SM Energy Company, Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 35
Figure 27: SM Energy Company, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 35
Figure 28: SM Energy Company, Oil Reserve Life Index, By Country/Region, Ratio, 2012-2016 36
Figure 29: SM Energy Company, Upstream Capital Expenditure, US$ mil, 2012-2016 37
Figure 30: SM Energy Company, Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 38
Figure 31: SM Energy Company, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 38
Figure 32: SM Energy Company, Development Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 33: SM Energy Company, Exploration Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 34: SM Energy Company, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 42
Figure 35: SM Energy Company, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 44
Figure 36: SM Energy Company, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2012-2016 44
Figure 37: SM Energy Company, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 45
Figure 38: SM Energy Company, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 46
Figure 39: SM Energy Company, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 49
Figure 40: SM Energy Company, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 49
Figure 41: SM Energy Company, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 50
Figure 42: SM Energy Company, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 50
Figure 43: SM Energy Company, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 51
Figure 44: SM Energy Company, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 51
Figure 45: SM Energy Company, Revenue and Expenses, US$ mil, 2012-2016 53
Figure 46: SM Energy Company, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 55
Figure 47: SM Energy Company, Exploration Expenses, By Country/Region, US$ mil, 2012-2016 55
Figure 48: SM Energy Company, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56
Figure 49: SM Energy Company, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 56
Figure 50: SM Energy Company, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 57
Figure 51: SM Energy Company, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 57
Figure 52: SM Energy Company, Production Costs, By Country/Region, US$ mil, 2012-2016 58
Figure 53: SM Energy Company, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 58
Figure 54: SM Energy Company, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 60
Figure 55: SM Energy Company, Exploration Expenses per boe, By Country/Region, $/boe, 2012-2016 61
Figure 56: SM Energy Company, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2012-2016 61
Figure 57: SM Energy Company, Lifting Cost per boe, By Country/Region, $/boe, 2012-2016 62
Figure 58: SM Energy Company, Annual Net Income per boe, By Country/Region, $/boe, 2012-2016 62
Figure 59: SM Energy Company, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2012-2016 63
Figure 60: SM Energy Company, Total DD&A per boe, By Country/Region, $/boe, 2012-2016 63
Figure 61: SM Energy Company, Total Revenue per boe, By Country/Region, $/boe, 2012-2016 64
Figure 62: SM Energy Company, Oil and Gas Performance Metrics, 2012-2016 66
Figure 63: SM Energy Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 67
Figure 64: SM Energy Company, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 68
Figure 65: SM Energy Company, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 68
Figure 66: SM Energy Company, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 69
Figure 67: SM Energy Company, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 69
Figure 68: SM Energy Company, Producible Oil and Gas Wells, 2012-2016 71
Figure 69: SM Energy Company, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 70: SM Energy Company, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 71: SM Energy Company, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 73
Figure 72: SM Energy Company, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 73
Figure 73: SM Energy Company, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 74
Figure 74: SM Energy Company, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 74
Figure 75: SM Energy Company, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 75
Figure 76: SM Energy Company, Exploratory and Developed Wells, 2012-2016 77


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