Parex Resources Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2014

 Published On: Jun, 2015 |    No of Pages: 92 |  Published By: GlobalData | Format: PDF
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Summary

Parex 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 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
Parex Resources Inc., Valuation and Financial Data 9
Parex Resources Inc., Share Price Performance 9
Share Price Performance, Q4, 2013-Q4, 2014 9
Parex Resources Inc., Key Valuation Metrics 10
Key Valuation Metrics, Q4, 2013-Q4, 2014 10
Parex Resources Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q4, 2013-Q4, 2014 11
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2013-Q4, 2014 12
Parex Resources Inc., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q4, 2013-Q4, 2014 13
Parex Resources Inc., Quarterly Production Trends 14
Parex Resources Inc., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q4, 2013-Q4, 2014 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2013-Q4, 2014 15
Parex Resources Inc., Crude Oil Production 16
Total Crude Oil Production Trend, Q4, 2013-Q4, 2014 16
Crude Oil Production, By Country/Region, Q4, 2013-Q4, 2014 17
Parex Resources Inc., Valuation and Financial Data, 2010-2014 18
Parex Resources Inc., Share Price Performance, 2010-2014 18
Share Price Performance, 2010-2014 18
Key Valuation Metrics, 2010-2014 19
Parex Resources Inc., Production and Reserves Trends 20
Total Oil and Gas, Reserves and Production 20
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 20
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 22
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 24
Crude Oil/Liquids Production and Reserve 25
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 25
Crude Oil Production and Reserves By Country/Region, 2010-2014 26
Crude Oil/Liquids Reserve Changes, 2010-2014 28
Natural Gas Production and Reserve 29
Natural Gas Production and Reserve Trend, 2010-2014 29
Natural Gas Production and Reserves, By Country/Region, 2010-2014 30
Natural Gas Reserve Changes, 2010-2014 31
Total Crude Oil and Natural Gas Reserves Life Index 32
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 32
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 33
Parex Resources Inc., E&P Costs Trends 35
Allocation of the Upstream Capital Expenditure 35
Upstream Capital Expenditure, 2010-2014 35
Acquisition Costs By Country/Region, 2010-2014 36
Exploration and Development Costs, By Country/Region, 2010-2014 38
Oil and Gas Cost Per boe, US$/boe 40
Oil and Gas Cost Per boe, US$/boe, 2010-2014 40
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 42
Parex Resources Inc., Reserve Replacement Ratio 44
Oil and Gas Production Replacement Ratio 44
Oil and Gas Production Replacement Ratio, 2010-2014 44
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 46
Parex Resources Inc., Results of Oil & Gas Operations Trend 50
Oil and Gas Revenue and Expenses 50
Oil and Gas Revenue and Expenses, 2010-2014 50
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 51
Oil and Gas Revenue and Expenses, Per boe 55
Oil and Gas Revenue and Expenses, By boe, 2010-2014 55
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 56
Oil and Gas Performance Metrics 59
Parex Resources Inc., Land Holdings and Well Data 60
Developed and Undeveloped Acreage 60
Gross and Net Developed and Undeveloped Acreage, 2010-2014 60
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 61
Well Statistics 64
Producible Oil and Gas Well, 2010-2014 64
Producible Oil and Gas Well, By Country/Region, 2010-2014 65
Exploration and Development Wells Drilled, 2010-2014 68
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 70
Recent Developments 71
Parex Resources Inc. - Recent Developments 71
May 11, 2015: Parex Announces 2015 First Quarter Results And Colombian Oil Discovery At LLA-26 Rumba 71
Apr 06, 2015: Parex Operational Update: Q1 Production 26,700 Bopd And Plans For Drilling Activity Increase In 2015 73
Mar 27, 2015: Parex Resources Announces Approval Of Renewed Normal Course Issuer Bid 73
Mar 10, 2015: Parex Resources Announces 2014 Fourth Quarter And Full Year 2014 Results 74
Feb 10, 2015: Parex Increases 2P Reserves To 68 MMboe, Reserve Replacement Of 540%, Expands RLI To 7.1 Years And Delivers 2P FD&A Of USD$13.82/boe 76
Aug 05, 2014: Parex Resources Announces 2014 Second Quarter Results 79
Jul 10, 2014: Parex Increases 2P Reserves by 80% to 58 MMboe, RLI to 6.7 Years and Forecast 2014 Exit Rate Production to Exceed 27,000 bopd 80
May 12, 2014: Parex Resources Announces 2014 First Quarter Results and Exploration Success 82
Apr 16, 2014: Parex Provides Operational Update and Q2 Production Forecast 19,000-19,500 bopd 85
Mar 12, 2014: Parex Announces Fourth Quarter and Full Year 2013 Results 87
Appendix 90
Methodology 90
Coverage 90
Secondary Research 90
Primary Research 90
Data Information Sources 91
Company Source 91
SEC/Other Regulatory Filings 91
Other Sources 91
Expert Panel Validation 91
Data Definition 91
Oil and Gas Reserves 91
Units of Measure 92
About GlobalData 92
Disclosure 92
Disclaimer 92

List of Tables
Table 1: Parex Resources Inc., Key Facts 8
Table 2: Parex Resources Inc., Share Price Performance, Q4, 2013-Q4, 2014 9
Table 3: Parex Resources Inc., Key Valuation Metrics, Q4, 2013-Q4, 2014 10
Table 4: Parex Resources Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2013-Q4, 2014 11
Table 5: Parex Resources Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2013-Q4, 2014 12
Table 6: Parex Resources Inc., Upstream Capital Expenditure, Q4, 2013-Q4, 2014 13
Table 7: Parex Resources Inc., Total Crude Oil and Natural Gas, Production, Q4, 2013-Q4, 2014 14
Table 8: Parex Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2013-Q4, 2014 15
Table 9: Parex Resources Inc., Total Crude Oil Production, mmbbl, Q4, 2013-Q4, 2014 16
Table 10: Parex Resources Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2013-Q4, 2014 17
Table 11: Parex Resources Inc., Share Price Performance, 2010-2014 18
Table 12: Parex Resources Inc., Key Valuation Metrics, 2010-2014 19
Table 13: Parex Resources Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 21
Table 14: Parex Resources Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 23
Table 15: Parex Resources Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 24
Table 16: Parex Resources Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 25
Table 17: Parex Resources Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 27
Table 18: Parex Resources Inc., Crude Oil Reserve Changes, mmbbl, 2010-2014 28
Table 19: Parex Resources Inc., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 29
Table 20: Parex Resources Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 30
Table 21: Parex Resources Inc., Natural Gas Reserve Changes, bcf, 2010-2014 31
Table 22: Parex Resources Inc., Oil and Gas Reserves Life Index, Years, 2010-2014 32
Table 23: Parex Resources Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 34
Table 24: Parex Resources Inc., Upstream Capital Expenditure, US$ mil, 2010-2014 35
Table 25: Parex Resources Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 37
Table 26: Parex Resources Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 39
Table 27: Parex Resources Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 40
Table 28: Parex Resources Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 43
Table 29: Parex Resources Inc., Oil and Gas Production Replacement Ratio, %, 2010-2014 45
Table 30: Parex Resources Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 49
Table 31: Parex Resources Inc., Revenue and Expenses, US$ mil, 2010-2014 50
Table 32: Parex Resources Inc., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 54
Table 33: Parex Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 55
Table 34: Parex Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 58
Table 35: Parex Resources Inc., Oil and Gas Performance Metrics, 2010-2014 59
Table 36: Parex Resources Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 60
Table 37: Parex Resources Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 63
Table 38: Parex Resources Inc., Producible Oil and Gas Wells, 2010-2014 64
Table 39: Parex Resources Inc., Producible Oil and Gas Wells, By Country/Region, 2010-2014 67
Table 40: Parex Resources Inc., Exploratory and Developed Wells, 2010-2014 69
Table 41: Parex Resources Inc., Exploratory and Developed Wells, By Country/Region, 2010-2014 70

List of Figures
Figure 1: Parex Resources Inc., Share Price Performance, CAD/Share, Q4, 2013-Q4, 2014 9
Figure 2: Parex Resources Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2013-Q4, 2014 10
Figure 3: Parex Resources Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2013-Q4, 2014 11
Figure 4: Parex Resources Inc., Upstream Capital Expenditure, US$ mil, Q4, 2013-Q4, 2014 13
Figure 5: Parex Resources Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2013-Q4, 2014 14
Figure 6: Parex Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2013-Q4, 2014 15
Figure 7: Parex Resources Inc., Total Crude Oil Production, mmbbl, Q4, 2013-Q4, 2014 16
Figure 8: Parex Resources Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2013-Q4, 2014 17
Figure 9: Parex Resources Inc., Share Price Performance, CAD/Share, 2010-2014 18
Figure 10: Parex Resources Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 19
Figure 11: Parex Resources Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 20
Figure 12: Parex Resources Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 22
Figure 13: Parex Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 22
Figure 14: Parex Resources Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 24
Figure 15: Parex Resources Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 25
Figure 16: Parex Resources Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 26
Figure 17: Parex Resources Inc., Oil Production, By Country/Region, mmbbl, 2010-2014 26
Figure 18: Parex Resources Inc., Crude Oil Reserve Changes, mmbbl, 2014 28
Figure 19: Parex Resources Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 30
Figure 20: Parex Resources Inc., Natural Gas Reserve Changes, bcf, 2014 31
Figure 21: Parex Resources Inc., Oil and Gas Reserves Life Index, Years, 2010-2014 32
Figure 22: Parex Resources Inc., Gas Reserve Life Index, By Country/Region, Years, 2010-2014 33
Figure 23: Parex Resources Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 33
Figure 24: Parex Resources Inc., Oil Reserve Life Index, By Country/Region, Years, 2010-2014 34
Figure 25: Parex Resources Inc., Upstream Capital Expenditure, US$ mil, 2010-2014 35
Figure 26: Parex Resources Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 36
Figure 27: Parex Resources Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 36
Figure 28: Parex Resources Inc., Development Costs, By Country/Region, US$ mil, 2010-2014 38
Figure 29: Parex Resources Inc., Exploration Costs, By Country/Region, US$ mil, 2010-2014 38
Figure 30: Parex Resources Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 40
Figure 31: Parex Resources Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 42
Figure 32: Parex Resources Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 42
Figure 33: Parex Resources Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 43
Figure 34: Parex Resources Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 44
Figure 35: Parex Resources Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 46
Figure 36: Parex Resources Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 46
Figure 37: Parex Resources Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 47
Figure 38: Parex Resources Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 47
Figure 39: Parex Resources Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 48
Figure 40: Parex Resources Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 48
Figure 41: Parex Resources Inc., Revenue and Expenses, US$ mil, 2010-2014 50
Figure 42: Parex Resources Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 51
Figure 43: Parex Resources Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 51
Figure 44: Parex Resources Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 52
Figure 45: Parex Resources Inc., Production Costs, By Country/Region, US$ mil, 2010-2014 52
Figure 46: Parex Resources Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 53
Figure 47: Parex Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 55
Figure 48: Parex Resources Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 56
Figure 49: Parex Resources Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 56
Figure 50: Parex Resources Inc., Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 57
Figure 51: Parex Resources Inc., Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 57
Figure 52: Parex Resources Inc., Oil and Gas Performance Metrics, 2010-2014 59
Figure 53: Parex Resources Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 60
Figure 54: Parex Resources Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 61
Figure 55: Parex Resources Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 61
Figure 56: Parex Resources Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2010-2014 62
Figure 57: Parex Resources Inc., Total Net Developed Acreage, By Country/Region, Acres, 2010-2014 62
Figure 58: Parex Resources Inc., Producible Oil and Gas Wells, 2010-2014 64
Figure 59: Parex Resources Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 65
Figure 60: Parex Resources Inc., Gross Productive Oil Wells, By Country/Region, Number, 2010-2014 65
Figure 61: Parex Resources Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 66
Figure 62: Parex Resources Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 66
Figure 63: Parex Resources Inc., Net Productive Oil Wells, By Country/Region, Number, 2010-2014 67
Figure 64: Parex Resources Inc., Exploratory and Developed Wells, 2010-2014 68


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