Legacy Reserves LP Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 96 |  Published By: GlobalData | Format: PDF
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Summary

Legacy Reserves LP 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
Legacy Reserves LP, Valuation and Financial Data 8
Legacy Reserves LP, Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
Legacy Reserves LP, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Legacy Reserves LP, 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
Legacy Reserves LP, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Legacy Reserves LP, Quarterly Production Trends 13
Legacy Reserves LP, 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
Legacy Reserves LP, 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
Legacy Reserves LP, 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
Legacy Reserves LP, Valuation and Financial Data, 2012-2016 19
Legacy Reserves LP, Share Price Performance, 2012-2016 19
Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
Legacy Reserves LP, 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
Legacy Reserves LP, 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$/boe 41
Oil and Gas Cost Per boe, US$/boe, 2012-2016 41
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 43
Legacy Reserves LP, Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2012-2016 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 48
Legacy Reserves LP, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2012-2016 52
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 54
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2012-2016 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 58
Oil and Gas Performance Metrics 61
Legacy Reserves LP, Land Holdings and Well Data 62
Developed and Undeveloped Acreage 62
Gross and Net Developed and Undeveloped Acreage, 2012-2016 62
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 63
Well Statistics 66
Producible Oil and Gas Well, 2012-2016 66
Producible Oil and Gas Well, By Country/Region, 2012-2016 67
Exploration and Development Wells Drilled, 2012-2016 72
Recent Developments 74
Legacy Reserves LP - Recent Developments 74
May 03, 2017: Legacy Reserves Announces First Quarter 2017 Results And Provides Operational And Financial Update 74
Feb 22, 2017: Legacy Reserves Announces Fourth Quarter And Annual 2016 Results And 2017 Guidance 76
Nov 02, 2016: Legacy Reserves Announces Third Quarter 2016 Results And Provides Operational And Financial Update 79
Oct 25, 2016: Legacy Reserves Announces Execution Of $300 Million Second Lien Term Loan Credit Agreement, Additional Director, And Upcoming Q3 2016 Conference Call 82
Aug 03, 2016: Legacy Reserves Announces Second Quarter 2016 Results And Provides Operational And Financial Update 83
May 12, 2016: Legacy Reserves Announces Chairman Transition And Names Lead Independent Director 86
May 04, 2016: Legacy Reserves Announces First Quarter 2016 Results And Provides Operational And Financial Update 86
Feb 24, 2016: Legacy Reserves Announces Fourth Quarter And Annual 2015 Results 88
Jan 21, 2016: Legacy Reserves Announces Distribution Suspension, 2016 Capital Budget And Year-End 2015 Conference Call 91
Appendix 93
Methodology 93
Coverage 93
Secondary Research 93
Primary Research 94
Data Information Sources 94
Company Source 94
SEC/Other Regulatory Filings 94
Other Sources 94
Expert Panel Validation 94
Data Definition 95
Oil and Gas Reserves 95
Units of Measure 95
About GlobalData 96
Disclosure 96
Disclaimer 96

List of Tables
Table 1: Legacy Reserves LP, Key Facts 7
Table 2: Legacy Reserves LP, Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: Legacy Reserves LP, Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: Legacy Reserves LP, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Table 5: Legacy Reserves LP, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11
Table 6: Legacy Reserves LP, Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Table 7: Legacy Reserves LP, Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 13
Table 8: Legacy Reserves LP, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Table 9: Legacy Reserves LP, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Table 10: Legacy Reserves LP, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Table 11: Legacy Reserves LP, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Table 12: Legacy Reserves LP, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Table 13: Legacy Reserves LP, Share Price Performance, 2012-2016 19
Table 14: Legacy Reserves LP, Key Valuation Metrics, 2012-2016 20
Table 15: Legacy Reserves LP, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: Legacy Reserves LP, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: Legacy Reserves LP, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: Legacy Reserves LP, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: Legacy Reserves LP, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: Legacy Reserves LP, Crude Oil Reserve Changes, mmbbl, 2012-2016 29
Table 21: Legacy Reserves LP, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Table 22: Legacy Reserves LP, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 32
Table 23: Legacy Reserves LP, Natural Gas Reserve Changes, bcf, 2012-2016 33
Table 24: Legacy Reserves LP, Oil and Gas Reserves Life Index, Years, 2012-2016 34
Table 25: Legacy Reserves LP, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 36
Table 26: Legacy Reserves LP, Upstream Capital Expenditure, US$ mil, 2012-2016 37
Table 27: Legacy Reserves LP, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Table 28: Legacy Reserves LP, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 40
Table 29: Legacy Reserves LP, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 42
Table 30: Legacy Reserves LP, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 44
Table 31: Legacy Reserves LP, Oil and Gas Production Replacement Ratio, %, 2012-2016 46
Table 32: Legacy Reserves LP, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 51
Table 33: Legacy Reserves LP, Revenue and Expenses, US$ mil, 2012-2016 53
Table 34: Legacy Reserves LP, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 56
Table 35: Legacy Reserves LP, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 57
Table 36: Legacy Reserves LP, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 60
Table 37: Legacy Reserves LP, Oil and Gas Performance Metrics, 2012-2016 61
Table 38: Legacy Reserves LP, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 62
Table 39: Legacy Reserves LP, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 65
Table 40: Legacy Reserves LP, Producible Oil and Gas Wells, 2012-2016 66
Table 41: Legacy Reserves LP, Producible Oil and Gas Wells, By Country/Region, 2012-2016 71
Table 42: Legacy Reserves LP, Exploratory and Developed Wells, 2012-2016 73

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


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