MEG Energy Corp. Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2014

 Published On: May, 2015 |    No of Pages: 70 |  Published By: GlobalData | Format: PDF
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Summary

MEG Energy Corp. 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
MEG Energy Corp., Valuation and Financial Data 8
MEG Energy Corp., Share Price Performance 8
Share Price Performance, Q4, 2013-Q4, 2014 8
MEG Energy Corp., Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2013-Q4, 2014 9
MEG Energy Corp., 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
MEG Energy Corp., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2013-Q4, 2014 12
MEG Energy Corp., Quarterly Production Trends 13
MEG Energy Corp., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2013-Q4, 2014 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2013-Q4, 2014 14
MEG Energy Corp., Crude Oil Production 15
Total Crude Oil Production Trend, Q4, 2013-Q4, 2014 15
Crude Oil Production, By Country/Region, Q4, 2013-Q4, 2014 16
MEG Energy Corp., Valuation and Financial Data, 2010-2014 17
MEG Energy Corp., Share Price Performance, 2010-2014 17
Share Price Performance, 2010-2014 17
Key Valuation Metrics, 2010-2014 18
MEG Energy Corp., Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 20
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 23
Crude Oil Production and Reserves By Country/Region, 2010-2014 24
Crude Oil/Liquids Reserve Changes, 2010-2014 26
Total Crude Oil and Natural Gas Reserves Life Index 27
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 27
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 28
MEG Energy Corp., E&P Costs Trends 30
Allocation of the Upstream Capital Expenditure 30
Upstream Capital Expenditure, 2010-2014 30
Oil and Gas Cost Per boe, US$/boe 31
Oil and Gas Cost Per boe, US$/boe, 2010-2014 31
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 32
MEG Energy Corp., Reserve Replacement Ratio 34
Oil and Gas Production Replacement Ratio 34
Oil and Gas Production Replacement Ratio, 2010-2014 34
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 36
MEG Energy Corp., Results of Oil & Gas Operations Trend 39
Oil and Gas Revenue and Expenses 39
Oil and Gas Revenue and Expenses, 2010-2014 39
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 40
Oil and Gas Revenue and Expenses, Per boe 44
Oil and Gas Revenue and Expenses, By boe, 2010-2014 44
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 45
Oil and Gas Performance Metrics 49
MEG Energy Corp., Land Holdings and Well Data 50
Developed and Undeveloped Acreage 50
Gross and Net Developed and Undeveloped Acreage, 2010-2014 50
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 51
Well Statistics 53
Producible Oil and Gas Well, 2010-2014 53
Producible Oil and Gas Well, By Country/Region, 2010-2014 54
Exploration and Development Wells Drilled, 2010-2014 57
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 58
Recent Developments 59
MEG Energy Corp. - Recent Developments 59
Apr 14, 2015: Dave Wizinsky, MEG Energy Board Director And Co-Founder Of A Canadian Energy Success Story Retires After 16 years 59
Feb 05, 2015: MEG Energy Reports Fourth Quarter And Full-Year 2014 Results With Record Quarterly And Annual Production Volumes 59
Dec 17, 2014: MEG Energy Revises 2015 Capital Plan While Maintaining Its 19% Production Growth Target 60
Dec 04, 2014: MEG Energy Announces $1.2 Billion 2015 Capital Budget 61
Nov 05, 2014: MEG Energy Announces Agreement To Expand And Extend Credit Facility 62
Oct 29, 2014: MEG Energy Reports Record-High Production, Record-Low Non-Energy Operating Costs and Strong Pricing for the Third Quarter of 2014 63
Oct 29, 2014: MEG Energy plans to seek license to re-export Canadian crude from U.S. Gulf Coast 64
Oct 06, 2014: Biodiesel Quality Exceeds Specs in Minnesota Testing 64
Jul 30, 2014: MEG Energy Reports Fifth Consecutive Quarter of Record Production Growth and Increased 2014 Production Guidance 65
Apr 30, 2014: MEG Energy reports record quarterly production and cash flow 66
Appendix 68
Methodology 68
Coverage 68
Secondary Research 68
Primary Research 68
Data Information Sources 69
Company Source 69
SEC/Other Regulatory Filings 69
Other Sources 69
Expert Panel Validation 69
Data Definition 69
Oil and Gas Reserves 69
Units of Measure 70
About GlobalData 70
Disclosure 70
Disclaimer 70

List of Tables
Table 1: MEG Energy Corp., Key Facts 7
Table 2: MEG Energy Corp., Share Price Performance, Q4, 2013-Q4, 2014 8
Table 3: MEG Energy Corp., Key Valuation Metrics, Q4, 2013-Q4, 2014 9
Table 4: MEG Energy Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2013-Q4, 2014 10
Table 5: MEG Energy Corp., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2013-Q4, 2014 11
Table 6: MEG Energy Corp., Upstream Capital Expenditure, Q4, 2013-Q4, 2014 12
Table 7: MEG Energy Corp., Total Crude Oil and Natural Gas, Production, Q4, 2013-Q4, 2014 13
Table 8: MEG Energy Corp., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2013-Q4, 2014 14
Table 9: MEG Energy Corp., Total Crude Oil Production, mmbbl, Q4, 2013-Q4, 2014 15
Table 10: MEG Energy Corp., Crude Oil Production, By Country/Region, mmbbl, Q4, 2013-Q4, 2014 16
Table 11: MEG Energy Corp., Share Price Performance, 2010-2014 17
Table 12: MEG Energy Corp., Key Valuation Metrics, 2010-2014 18
Table 13: MEG Energy Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 19
Table 14: MEG Energy Corp., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 21
Table 15: MEG Energy Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 22
Table 16: MEG Energy Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 23
Table 17: MEG Energy Corp., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 25
Table 18: MEG Energy Corp., Crude Oil Reserve Changes, mmbbl, 2010-2014 26
Table 19: MEG Energy Corp., Oil and Gas Reserves Life Index, Years, 2010-2014 27
Table 20: MEG Energy Corp., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 29
Table 21: MEG Energy Corp., Upstream Capital Expenditure, US$ mil, 2010-2014 30
Table 22: MEG Energy Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 31
Table 23: MEG Energy Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 33
Table 24: MEG Energy Corp., Oil and Gas Production Replacement Ratio, %, 2010-2014 34
Table 25: MEG Energy Corp., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 38
Table 26: MEG Energy Corp., Revenue and Expenses, US$ mil, 2010-2014 39
Table 27: MEG Energy Corp., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 43
Table 28: MEG Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 44
Table 29: MEG Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 48
Table 30: MEG Energy Corp., Oil and Gas Performance Metrics, 2010-2014 49
Table 31: MEG Energy Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 50
Table 32: MEG Energy Corp., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 52
Table 33: MEG Energy Corp., Producible Oil and Gas Wells, 2010-2014 53
Table 34: MEG Energy Corp., Producible Oil and Gas Wells, By Country/Region, 2010-2014 56
Table 35: MEG Energy Corp., Exploratory and Developed Wells, 2010-2014 57
Table 36: MEG Energy Corp., Exploratory and Developed Wells, By Country/Region, 2010-2014 58

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


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