Sanchez Energy Corporation 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

Sanchez Energy Corporation (SEC) is an independent upstream oil and gas company. The company explores, develops and produces oil and natural gas from its assets in the Eagle Ford Shale in South Texas. It holds working interest in oil and condensate assets in Gonzales, Zavala, Frio, Fayette, Lavaca, Atascosa, Webb and DeWitt Counties of South Texas. The company has participation interest in the Haynesville Shale in Natchitoches Parish, Louisiana. SEC also holds working interest in oil and gas properties in Northern Montana. The company evaluates Eagle Ford Shale for additional drilling locations. SEC is headquartered in Texas, Houston, the US.

Sanchez Energy Corporation 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
Sanchez Energy Corporation, Valuation and Financial Data 9
Sanchez Energy Corporation, Share Price Performance 9
Share Price Performance, Q3, 2013-Q3, 2014 9
Sanchez Energy Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Sanchez Energy Corporation, 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
Sanchez Energy Corporation, Quarterly Production Trends 13
Sanchez Energy Corporation, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 14
Sanchez Energy Corporation, Crude Oil Production 15
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 15
Crude Oil Production, By Country/Region, Q3, 2013-Q3, 2014 16
Sanchez Energy Corporation, Natural Gas Production 17
Total Natural Gas Production Trend, Q3, 2013-Q3, 2014 17
Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 18
Sanchez Energy Corporation, Valuation and Financial Data, 2009-2013 19
Sanchez Energy Corporation, Share Price Performance, 2009-2013 19
Share Price Performance, 2009-2013 19
Key Valuation Metrics, 2009-2013 20
Sanchez Energy Corporation, Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 23
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 26
Crude Oil Production and Reserves By Country/Region, 2009-2013 27
Crude Oil/Liquids Reserve Changes, 2009-2013 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2009-2013 30
Natural Gas Production and Reserves, By Country/Region, 2009-2013 31
Natural Gas Reserve Changes, 2009-2013 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 35
Sanchez Energy Corporation, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2009-2013 37
Acquisition Costs By Country/Region, 2009-2013 38
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
Sanchez Energy Corporation, 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
Sanchez Energy Corporation, 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 57
Oil and Gas Revenue and Expenses, By boe, 2009-2013 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 58
Oil and Gas Performance Metrics 61
Sanchez Energy Corporation, Land Holdings and Well Data 62
Developed and Undeveloped Acreage 62
Gross and Net Developed and Undeveloped Acreage, 2009-2013 62
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 63
Well Statistics 66
Producible Oil and Gas Well, 2009-2013 66
Producible Oil and Gas Well, By Country/Region, 2009-2013 67
Exploration and Development Wells Drilled, 2009-2013 71
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 72
Recent Developments 73
Sanchez Energy Corporation - Recent Developments 73
Jan 07, 2015: Sanchez Energy Announces Updated 2015 Capital Plan And Guidance 73
Dec 10, 2014: Sanchez Energy Provides Interim Update Regarding The Company's Current Financial Position And Recent Operations Activity 74
Nov 06, 2014: Sanchez Energy Announces Appointment Of Sean Maher To Its Board Of Directors 76
Nov 04, 2014: Sanchez Energy Announces Third Quarter 2014 Financial Results And Updates Operations; Record Third Quarter Revenues Rise 37% On 91% Higher Production Compared To Previous Quarter Results 76
Oct 23, 2014: Sanchez Energy Announces Record Third Quarter 2014 Production of 3,552 MBOE, an Increase of 91% Over Second Quarter 2014 and an Increase of 228% Over the Third Quarter 2013, and Provides Operations Update 79
Jul 23, 2014: Sanchez Energy Announces Second Quarter 2014 Production of 1,859 MBOE, an Increase of 164% Over the Second Quarter of 2013, and Provides Operations Update 80
Jun 18, 2014: Sanchez Energy Announces Exercise of Over Allotment and Closing of Stock Offering 82
Jun 13, 2014: Sanchez Energy Announces Upsize and Pricing of Private Offering of $850 Million in Senior Notes 83
Jun 12, 2014: Sanchez Energy Announces Pricing of Common Stock Offering 83
Jun 11, 2014: Sanchez Energy Announces Offering of Common Stock 83
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: Sanchez Energy Corporation, Key Facts 8
Table 2: Sanchez Energy Corporation, Share Price Performance, Q3, 2013-Q3, 2014 9
Table 3: Sanchez Energy Corporation, Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Table 4: Sanchez Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Table 5: Sanchez Energy Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 12
Table 6: Sanchez Energy Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 13
Table 7: Sanchez Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 14
Table 8: Sanchez Energy Corporation, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Table 9: Sanchez Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 16
Table 10: Sanchez Energy Corporation, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 17
Table 11: Sanchez Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 18
Table 12: Sanchez Energy Corporation, Share Price Performance, 2009-2013 19
Table 13: Sanchez Energy Corporation, Key Valuation Metrics, 2009-2013 20
Table 14: Sanchez Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 22
Table 15: Sanchez Energy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 24
Table 16: Sanchez Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 25
Table 17: Sanchez Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 26
Table 18: Sanchez Energy Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 28
Table 19: Sanchez Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2009-2013 29
Table 20: Sanchez Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 30
Table 21: Sanchez Energy Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 32
Table 22: Sanchez Energy Corporation, Natural Gas Reserve Changes, bcf, 2009-2013 33
Table 23: Sanchez Energy Corporation, Oil and Gas Reserves Life Index, Years, 2009-2013 34
Table 24: Sanchez Energy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 36
Table 25: Sanchez Energy Corporation, Upstream Capital Expenditure, US$ mil, 2009-2013 37
Table 26: Sanchez Energy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Table 27: Sanchez Energy Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 41
Table 28: Sanchez Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 43
Table 29: Sanchez Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 45
Table 30: Sanchez Energy Corporation, Oil and Gas Production Replacement Ratio, %, 2009-2013 46
Table 31: Sanchez Energy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 51
Table 32: Sanchez Energy Corporation, Revenue and Expenses, US$ mil, 2009-2013 52
Table 33: Sanchez Energy Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 56
Table 34: Sanchez Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 57
Table 35: Sanchez Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 60
Table 36: Sanchez Energy Corporation, Oil and Gas Performance Metrics, 2009-2013 61
Table 37: Sanchez Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 62
Table 38: Sanchez Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 65
Table 39: Sanchez Energy Corporation, Producible Oil and Gas Wells, 2009-2013 66
Table 40: Sanchez Energy Corporation, Producible Oil and Gas Wells, By Country/Region, 2009-2013 70
Table 41: Sanchez Energy Corporation, Exploratory and Developed Wells, 2009-2013 71
Table 42: Sanchez Energy Corporation, Exploratory and Developed Wells, By Country/Region, 2009-2013 72

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


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