Dorchester Minerals, L.P. Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2014

 Published On: May, 2015 |    No of Pages: 62 |  Published By: GlobalData | Format: PDF
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Summary

Dorchester Minerals, L.P. 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 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Dorchester Minerals, L.P., Valuation and Financial Data 8
Dorchester Minerals, L.P., Share Price Performance 8
Share Price Performance, Q4, 2013-Q4, 2014 8
Dorchester Minerals, L.P., Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2013-Q4, 2014 9
Dorchester Minerals, L.P., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q4, 2013-Q4, 2014 10
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2013-Q4, 2014 11
Dorchester Minerals, L.P., Quarterly Production Trends 12
Dorchester Minerals, L.P., Total Oil and Gas Production 12
Total Crude Oil and Natural Gas Production Trend, Q4, 2013-Q4, 2014 12
Dorchester Minerals, L.P., Crude Oil Production 13
Total Crude Oil Production Trend, Q4, 2013-Q4, 2014 13
Dorchester Minerals, L.P., Natural Gas Production 14
Total Natural Gas Production Trend, Q4, 2013-Q4, 2014 14
Dorchester Minerals, L.P., Valuation and Financial Data, 2010-2014 15
Dorchester Minerals, L.P., Share Price Performance, 2010-2014 15
Share Price Performance, 2010-2014 15
Key Valuation Metrics, 2010-2014 16
Dorchester Minerals, L.P., Production and Reserves Trends 17
Total Oil and Gas, Reserves and Production 17
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 17
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 18
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 20
Crude Oil/Liquids Production and Reserve 21
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 21
Crude Oil Production and Reserves By Country/Region, 2010-2014 22
Crude Oil/Liquids Reserve Changes, 2010-2014 24
Natural Gas Production and Reserve 25
Natural Gas Production and Reserve Trend, 2010-2014 25
Natural Gas Production and Reserves, By Country/Region, 2010-2014 26
Natural Gas Reserve Changes, 2010-2014 28
Total Crude Oil and Natural Gas Reserves Life Index 29
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 29
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 30
Dorchester Minerals, L.P., E&P Costs Trends 32
Allocation of the Upstream Capital Expenditure 32
Upstream Capital Expenditure, 2010-2014 32
Exploration and Development Costs, By Country/Region, 2010-2014 33
Oil and Gas Cost Per boe, US$/boe 34
Oil and Gas Cost Per boe, US$/boe, 2010-2014 34
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 35
Dorchester Minerals, L.P., Reserve Replacement Ratio 37
Oil and Gas Production Replacement Ratio 37
Oil and Gas Production Replacement Ratio, 2010-2014 37
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 39
Dorchester Minerals, L.P., Results of Oil & Gas Operations Trend 43
Oil and Gas Revenue and Expenses 43
Oil and Gas Revenue and Expenses, 2010-2014 43
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 44
Oil and Gas Revenue and Expenses, Per boe 48
Oil and Gas Revenue and Expenses, By boe, 2010-2014 48
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 49
Oil and Gas Performance Metrics 52
Well Statistics 53
Producible Oil and Gas Well, 2010-2014 53
Producible Oil and Gas Well, By Country/Region, 2010-2014 54
Recent Developments 56
Dorchester Minerals, L.P. - Recent Developments 56
Feb 19, 2015: Dorchester Minerals Announces 2014 Results 56
Jan 15, 2015: Dorchester Minerals Announces Its Fourth Quarter Distribution 56
Nov 07, 2014: Dorchester Minerals Announces Third Quarter Results 56
Oct 09, 2014: Dorchester Minerals, Announces Its Third Quarter Distribution 57
Aug 07, 2014: Dorchester Minerals Announces Second Quarter Results 57
Apr 10, 2014: Dorchester Minerals, L.P. Announces Its First Quarter Distribution 57
Jan 09, 2014: Dorchester Minerals Announces Its Fourth Quarter Distribution 58
Appendix 59
Methodology 59
Coverage 59
Secondary Research 59
Primary Research 59
Data Information Sources 60
Company Source 60
SEC/Other Regulatory Filings 60
Other Sources 60
Expert Panel Validation 60
Data Definition 60
Oil and Gas Reserves 60
Units of Measure 61
About GlobalData 61
Disclosure 61
Disclaimer 61

List of Tables
Table 1: Dorchester Minerals, L.P., Key Facts 7
Table 2: Dorchester Minerals, L.P., Share Price Performance, Q4, 2013-Q4, 2014 8
Table 3: Dorchester Minerals, L.P., Key Valuation Metrics, Q4, 2013-Q4, 2014 9
Table 4: Dorchester Minerals, L.P., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2013-Q4, 2014 10
Table 5: Dorchester Minerals, L.P., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2013-Q4, 2014 11
Table 6: Dorchester Minerals, L.P., Total Crude Oil and Natural Gas, Production, Q4, 2013-Q4, 2014 12
Table 7: Dorchester Minerals, L.P., Total Crude Oil Production, mmbbl, Q4, 2013-Q4, 2014 13
Table 8: Dorchester Minerals, L.P., Total Natural Gas Production, bcf, Q4, 2013-Q4, 2014 14
Table 9: Dorchester Minerals, L.P., Share Price Performance, 2010-2014 15
Table 10: Dorchester Minerals, L.P., Key Valuation Metrics, 2010-2014 16
Table 11: Dorchester Minerals, L.P., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 17
Table 12: Dorchester Minerals, L.P., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 19
Table 13: Dorchester Minerals, L.P., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 20
Table 14: Dorchester Minerals, L.P., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 21
Table 15: Dorchester Minerals, L.P., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 23
Table 16: Dorchester Minerals, L.P., Crude Oil Reserve Changes, mmbbl, 2010-2014 24
Table 17: Dorchester Minerals, L.P., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 25
Table 18: Dorchester Minerals, L.P., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 27
Table 19: Dorchester Minerals, L.P., Natural Gas Reserve Changes, bcf, 2010-2014 28
Table 20: Dorchester Minerals, L.P., Oil and Gas Reserves Life Index, Years, 2010-2014 29
Table 21: Dorchester Minerals, L.P., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 31
Table 22: Dorchester Minerals, L.P., Upstream Capital Expenditure, US$ mil, 2010-2014 32
Table 23: Dorchester Minerals, L.P., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 33
Table 24: Dorchester Minerals, L.P., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 34
Table 25: Dorchester Minerals, L.P., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 36
Table 26: Dorchester Minerals, L.P., Oil and Gas Production Replacement Ratio, %, 2010-2014 37
Table 27: Dorchester Minerals, L.P., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 42
Table 28: Dorchester Minerals, L.P., Revenue and Expenses, US$ mil, 2010-2014 43
Table 29: Dorchester Minerals, L.P., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 47
Table 30: Dorchester Minerals, L.P., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 48
Table 31: Dorchester Minerals, L.P., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 51
Table 32: Dorchester Minerals, L.P., Oil and Gas Performance Metrics, 2010-2014 52
Table 33: Dorchester Minerals, L.P., Producible Oil and Gas Wells, 2010-2014 53
Table 34: Dorchester Minerals, L.P., Producible Oil and Gas Wells, By Country/Region, 2010-2014 55

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


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