Black Ridge Oil & Gas Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2016

 Published On: Dec, 2016 |    No of Pages: 82 |  Published By: GlobalData | Format: PDF
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Summary

Black Ridge Oil & Gas 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 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
Black Ridge Oil & Gas Inc., Valuation and Financial Data 9
Black Ridge Oil & Gas Inc., Share Price Performance 9
Share Price Performance, Q2, 2015-Q2, 2016 9
Black Ridge Oil & Gas Inc., Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2015-Q2, 2016 10
Black Ridge Oil & Gas Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 12
Black Ridge Oil & Gas Inc., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
Black Ridge Oil & Gas Inc., Quarterly Production Trends 14
Black Ridge Oil & Gas Inc., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 15
Black Ridge Oil & Gas Inc., Crude Oil Production 16
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 16
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 17
Black Ridge Oil & Gas Inc., Natural Gas Production 18
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 18
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 19
Black Ridge Oil & Gas Inc., Valuation and Financial Data, 2011-2015 20
Black Ridge Oil & Gas Inc., Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Black Ridge Oil & Gas 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
Black Ridge Oil & Gas 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$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 43
Black Ridge Oil & Gas Inc., Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2011-2015 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 47
Black Ridge Oil & Gas Inc., Results of Oil & Gas Operations Trend 51
Oil and Gas Revenue and Expenses 51
Oil and Gas Revenue and Expenses, 2011-2015 51
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 52
Oil and Gas Revenue and Expenses, Per boe 56
Oil and Gas Revenue and Expenses, By boe, 2011-2015 56
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 57
Oil and Gas Performance Metrics 61
Black Ridge Oil & Gas Inc., Land Holdings and Well Data 62
Developed and Undeveloped Acreage 62
Gross and Net Developed and Undeveloped Acreage, 2011-2015 62
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 63
Well Statistics 66
Producible Oil and Gas Well, 2011-2015 66
Producible Oil and Gas Well, By Country/Region, 2011-2015 67
Exploration and Development Wells Drilled, 2011-2015 70
Recent Developments 71
Black Ridge Oil & Gas Inc. - Recent Developments 71
Dec 23, 2015: Black Ridge Oil & Gas Updates Outlook Based On Current Oil Prices 71
Nov 12, 2015: Black Ridge Oil & Gas Announces Third Quarter 2015 Results 71
Aug 13, 2015: Black Ridge Oil & Gas Announces Second Quarter 2015 Results 74
May 14, 2015: Black Ridge Oil & Gas Announces First Quarter 2015 Results 76
Mar 30, 2015: Black Ridge Oil And Gas Announces 2014 Fourth Quarter And Full Year Results 78
Feb 18, 2015: Black Ridge Oil Gas Announces Preliminary 2014 Production Results And Provides Additional Updates 79
Appendix 80
Methodology 80
Coverage 80
Secondary Research 80
Primary Research 80
Data Information Sources 81
Company Source 81
SEC/Other Regulatory Filings 81
Other Sources 81
Expert Panel Validation 81
Data Definition 81
Oil and Gas Reserves 81
Units of Measure 82
About GlobalData 82
Disclosure 82
Disclaimer 82

List of Tables
Table 1: Black Ridge Oil & Gas Inc., Key Facts 8
Table 2: Black Ridge Oil & Gas Inc., Share Price Performance, Q2, 2015-Q2, 2016 9
Table 3: Black Ridge Oil & Gas Inc., Key Valuation Metrics, Q2, 2015-Q2, 2016 10
Table 4: Black Ridge Oil & Gas Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Table 5: Black Ridge Oil & Gas Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 12
Table 6: Black Ridge Oil & Gas Inc., Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
Table 7: Black Ridge Oil & Gas Inc., Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 14
Table 8: Black Ridge Oil & Gas Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Table 9: Black Ridge Oil & Gas Inc., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Table 10: Black Ridge Oil & Gas Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Table 11: Black Ridge Oil & Gas Inc., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Table 12: Black Ridge Oil & Gas Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Table 13: Black Ridge Oil & Gas Inc., Share Price Performance, 2011-2015 20
Table 14: Black Ridge Oil & Gas Inc., Key Valuation Metrics, 2011-2015 21
Table 15: Black Ridge Oil & Gas Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: Black Ridge Oil & Gas Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: Black Ridge Oil & Gas Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: Black Ridge Oil & Gas Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: Black Ridge Oil & Gas Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: Black Ridge Oil & Gas Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: Black Ridge Oil & Gas Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: Black Ridge Oil & Gas Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: Black Ridge Oil & Gas Inc., Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: Black Ridge Oil & Gas Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: Black Ridge Oil & Gas Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: Black Ridge Oil & Gas Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: Black Ridge Oil & Gas Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40
Table 28: Black Ridge Oil & Gas Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: Black Ridge Oil & Gas Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Table 30: Black Ridge Oil & Gas Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 44
Table 31: Black Ridge Oil & Gas Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Table 32: Black Ridge Oil & Gas Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 50
Table 33: Black Ridge Oil & Gas Inc., Revenue and Expenses, US$ mil, 2011-2015 51
Table 34: Black Ridge Oil & Gas Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 55
Table 35: Black Ridge Oil & Gas Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 56
Table 36: Black Ridge Oil & Gas Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 60
Table 37: Black Ridge Oil & Gas Inc., Oil and Gas Performance Metrics, 2011-2015 61
Table 38: Black Ridge Oil & Gas Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 62
Table 39: Black Ridge Oil & Gas Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 65
Table 40: Black Ridge Oil & Gas Inc., Producible Oil and Gas Wells, 2011-2015 66
Table 41: Black Ridge Oil & Gas Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 69
Table 42: Black Ridge Oil & Gas Inc., Exploratory and Developed Wells, 2011-2015 70

List of Figures
Figure 1: Black Ridge Oil & Gas Inc., Share Price Performance, USD/Share, Q2, 2015-Q2, 2016 9
Figure 2: Black Ridge Oil & Gas Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 10
Figure 3: Black Ridge Oil & Gas Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Figure 4: Black Ridge Oil & Gas Inc., Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 13
Figure 5: Black Ridge Oil & Gas Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 14
Figure 6: Black Ridge Oil & Gas Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Figure 7: Black Ridge Oil & Gas Inc., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Figure 8: Black Ridge Oil & Gas Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Figure 9: Black Ridge Oil & Gas Inc., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Figure 10: Black Ridge Oil & Gas Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Figure 11: Black Ridge Oil & Gas Inc., Share Price Performance, USD/Share, 2011-2015 20
Figure 12: Black Ridge Oil & Gas Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: Black Ridge Oil & Gas Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: Black Ridge Oil & Gas Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: Black Ridge Oil & Gas Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: Black Ridge Oil & Gas Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: Black Ridge Oil & Gas Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: Black Ridge Oil & Gas Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: Black Ridge Oil & Gas Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: Black Ridge Oil & Gas Inc., Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: Black Ridge Oil & Gas Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: Black Ridge Oil & Gas Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: Black Ridge Oil & Gas Inc., Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: Black Ridge Oil & Gas Inc., Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: Black Ridge Oil & Gas Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: Black Ridge Oil & Gas Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: Black Ridge Oil & Gas Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: Black Ridge Oil & Gas Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 29: Black Ridge Oil & Gas Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: Black Ridge Oil & Gas Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: Black Ridge Oil & Gas Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 32: Black Ridge Oil & Gas Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 33: Black Ridge Oil & Gas Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 34: Black Ridge Oil & Gas Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43
Figure 35: Black Ridge Oil & Gas Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 43
Figure 36: Black Ridge Oil & Gas Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 37: Black Ridge Oil & Gas Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 45
Figure 38: Black Ridge Oil & Gas Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 47
Figure 39: Black Ridge Oil & Gas Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 47
Figure 40: Black Ridge Oil & Gas Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 41: Black Ridge Oil & Gas Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 42: Black Ridge Oil & Gas Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 43: Black Ridge Oil & Gas Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 44: Black Ridge Oil & Gas Inc., Revenue and Expenses, US$ mil, 2011-2015 51
Figure 45: Black Ridge Oil & Gas Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 52
Figure 46: Black Ridge Oil & Gas Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 52
Figure 47: Black Ridge Oil & Gas Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 48: Black Ridge Oil & Gas Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 53
Figure 49: Black Ridge Oil & Gas Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 50: Black Ridge Oil & Gas Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 54
Figure 51: Black Ridge Oil & Gas Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 52: Black Ridge Oil & Gas Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 56
Figure 53: Black Ridge Oil & Gas Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 57
Figure 54: Black Ridge Oil & Gas Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 57
Figure 55: Black Ridge Oil & Gas Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 58
Figure 56: Black Ridge Oil & Gas Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 58
Figure 57: Black Ridge Oil & Gas Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 58: Black Ridge Oil & Gas Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 59: Black Ridge Oil & Gas Inc., Oil and Gas Performance Metrics, 2011-2015 61
Figure 60: Black Ridge Oil & Gas Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 62
Figure 61: Black Ridge Oil & Gas Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 63
Figure 62: Black Ridge Oil & Gas Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 63
Figure 63: Black Ridge Oil & Gas Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 64
Figure 64: Black Ridge Oil & Gas Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 64
Figure 65: Black Ridge Oil & Gas Inc., Producible Oil and Gas Wells, 2011-2015 66
Figure 66: Black Ridge Oil & Gas Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 67
Figure 67: Black Ridge Oil & Gas Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 67
Figure 68: Black Ridge Oil & Gas Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 68
Figure 69: Black Ridge Oil & Gas Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 70: Black Ridge Oil & Gas Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 69
Figure 71: Black Ridge Oil & Gas Inc., Exploratory and Developed Wells, 2011-2015 70


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