Laredo Petroleum, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 101 |  Published By: GlobalData | Format: PDF
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Summary

Laredo Petroleum, Inc. (Laredo), formerly known as Laredo Petroleum Holdings, Inc., is an independent energy company that acquires assets, and explores for, develops and produces oil and natural gas properties. It also gathers oil and liquids-rich natural gas from its properties. The company has operations in the Permian Basin in West Texas, which consists four horizontal drilling targets namely, Upper, Middle andLower Wolfcamp and Cline formations. The company also has operation in the Wolfberry region, which is a part of Permian Basin. Through its subsidiary, Laredo Midstream Services, LLC (LMS), Laredo transports oil and natural gas from its properties. Laredo is headquartered in Tulsa, Oklahoma, the US.

Laredo Petroleum, 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 7
Key Information 7
Company Overview 7
Laredo Petroleum, Inc., Valuation and Financial Data 8
Laredo Petroleum, Inc., Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
Laredo Petroleum, Inc., Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Laredo Petroleum, Inc., 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
Laredo Petroleum, Inc., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Laredo Petroleum, Inc., Quarterly Production Trends 13
Laredo Petroleum, Inc., 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
Laredo Petroleum, Inc., 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
Laredo Petroleum, Inc., 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
Laredo Petroleum, Inc., Valuation and Financial Data, 2012-2016 19
Laredo Petroleum, Inc., Share Price Performance, 2012-2016 19
Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
Laredo Petroleum, Inc., 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
Laredo Petroleum, Inc., 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
Laredo Petroleum, Inc., 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
Laredo Petroleum, Inc., 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 65
Laredo Petroleum, Inc., Land Holdings and Well Data 66
Developed and Undeveloped Acreage 66
Gross and Net Developed and Undeveloped Acreage, 2012-2016 66
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 67
Well Statistics 70
Producible Oil and Gas Well, 2012-2016 70
Producible Oil and Gas Well, By Country/Region, 2012-2016 71
Exploration and Development Wells Drilled, 2012-2016 73
Recent Developments 75
Laredo Petroleum, Inc. - Recent Developments 75
May 03, 2017: Laredo Petroleum Announces 2017 First-Quarter Financial And Operating Results 75
Feb 15, 2017: Laredo Petroleum Announces 2016 Fourth-Quarter And Full-Year Financial And Operating Results 78
Jan 17, 2017: Laredo Petroleum Announces 2017 Capital Budget Of $530 Million 82
Nov 02, 2016: Laredo Petroleum Announces 2016 Third-Quarter Financial And Operating Results 83
Aug 03, 2016: Laredo Petroleum Announces 2016 Second-Quarter Financial And Operating Results 86
Jun 13, 2016: Laredo Petroleum Hosts Investor Meeting And Provides Update 89
May 10, 2016: Laredo Petroleum Increases 2016 Full-Year Capital Budget And Production Guidance 90
May 04, 2016: Laredo Petroleum Announces 2016 First-Quarter Financial And Operating Results 91
Feb 16, 2016: Laredo Petroleum Announces 2015 Fourth-Quarter And Full-Year Financial And Operating Results And Year-End Reserve Estimates 94
Jan 19, 2016: Laredo Petroleum Announces Senior Management Change 97
Appendix 98
Methodology 98
Coverage 98
Secondary Research 98
Primary Research 99
Data Information Sources 99
Company Source 99
SEC/Other Regulatory Filings 99
Other Sources 99
Expert Panel Validation 99
Data Definition 100
Oil and Gas Reserves 100
Units of Measure 100
About GlobalData 101
Disclosure 101
Disclaimer 101

List of Tables
Table 1: Laredo Petroleum, Inc., Key Facts 7
Table 2: Laredo Petroleum, Inc., Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: Laredo Petroleum, Inc., Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: Laredo Petroleum, Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Table 5: Laredo Petroleum, Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11
Table 6: Laredo Petroleum, Inc., Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Table 7: Laredo Petroleum, Inc., Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 13
Table 8: Laredo Petroleum, Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Table 9: Laredo Petroleum, Inc., Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Table 10: Laredo Petroleum, Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Table 11: Laredo Petroleum, Inc., Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Table 12: Laredo Petroleum, Inc., Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Table 13: Laredo Petroleum, Inc., Share Price Performance, 2012-2016 19
Table 14: Laredo Petroleum, Inc., Key Valuation Metrics, 2012-2016 20
Table 15: Laredo Petroleum, Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: Laredo Petroleum, Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: Laredo Petroleum, Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: Laredo Petroleum, Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: Laredo Petroleum, Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: Laredo Petroleum, Inc., Crude Oil Reserve Changes, mmbbl, 2012-2016 29
Table 21: Laredo Petroleum, Inc., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Table 22: Laredo Petroleum, Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 32
Table 23: Laredo Petroleum, Inc., Natural Gas Reserve Changes, bcf, 2012-2016 33
Table 24: Laredo Petroleum, Inc., Oil and Gas Reserves Life Index, Years, 2012-2016 34
Table 25: Laredo Petroleum, Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 36
Table 26: Laredo Petroleum, Inc., Upstream Capital Expenditure, US$ mil, 2012-2016 37
Table 27: Laredo Petroleum, Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Table 28: Laredo Petroleum, Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 41
Table 29: Laredo Petroleum, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 43
Table 30: Laredo Petroleum, Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 45
Table 31: Laredo Petroleum, Inc., Oil and Gas Production Replacement Ratio, %, 2012-2016 47
Table 32: Laredo Petroleum, Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 52
Table 33: Laredo Petroleum, Inc., Revenue and Expenses, US$ mil, 2012-2016 54
Table 34: Laredo Petroleum, Inc., Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 59
Table 35: Laredo Petroleum, Inc., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 60
Table 36: Laredo Petroleum, Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 64
Table 37: Laredo Petroleum, Inc., Oil and Gas Performance Metrics, 2012-2016 65
Table 38: Laredo Petroleum, Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 66
Table 39: Laredo Petroleum, Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 69
Table 40: Laredo Petroleum, Inc., Producible Oil and Gas Wells, 2012-2016 70
Table 41: Laredo Petroleum, Inc., Producible Oil and Gas Wells, By Country/Region, 2012-2016 72
Table 42: Laredo Petroleum, Inc., Exploratory and Developed Wells, 2012-2016 74

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


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