Traverse Energy Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2015

 Published On: Sep, 2015 |    No of Pages: 85 |  Published By: GlobalData | Format: PDF
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Summary

Traverse Energy Ltd. (Traverse Energy), formerly Firstland Energy Limited is an oil and natural gas company that explores, develops and produces petroleum and natural gas. The company offers products such as natural gas, oil and associated liquids. It also explores and develops light and medium oil in Central and Southern Alberta. Traverse Energy owns an extensive undeveloped land base in Alberta. The company has drilled five vertical and two horizontal wells. It operates through its exploration and production properties in Coyote and Turin. Traverse Energy is headquartered in Calgary, Alberta, Canada

Traverse Energy Ltd. 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 companiesí 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 competitorsí 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
Traverse Energy Ltd., Valuation and Financial Data 9
Traverse Energy Ltd., Share Price Performance 9
Share Price Performance, Q1, 2014-Q1, 2015 9
Traverse Energy Ltd., Key Valuation Metrics 10
Key Valuation Metrics, Q1, 2014-Q1, 2015 10
Traverse Energy Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q1, 2014-Q1, 2015 11
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2014-Q1, 2015 12
Traverse Energy Ltd., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q1, 2014-Q1, 2015 13
Traverse Energy Ltd., Quarterly Production Trends 14
Traverse Energy Ltd., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q1, 2014-Q1, 2015 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2014-Q1, 2015 15
Traverse Energy Ltd., Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2014-Q1, 2015 16
Crude Oil Production, By Country/Region, Q1, 2014-Q1, 2015 17
Traverse Energy Ltd., Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2014-Q1, 2015 18
Natural Gas Production, By Country/Region, Q1, 2014-Q1, 2015 19
Traverse Energy Ltd., Valuation and Financial Data, 2010-2014 20
Traverse Energy Ltd., Share Price Performance, 2010-2014 20
Share Price Performance, 2010-2014 20
Key Valuation Metrics, 2010-2014 21
Traverse Energy Ltd., Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 24
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 27
Crude Oil Production and Reserves By Country/Region, 2010-2014 28
Crude Oil/Liquids Reserve Changes, 2010-2014 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2010-2014 31
Natural Gas Production and Reserves, By Country/Region, 2010-2014 32
Natural Gas Reserve Changes, 2010-2014 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 36
Traverse Energy Ltd., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2010-2014 38
Acquisition Costs By Country/Region, 2010-2014 39
Exploration and Development Costs, By Country/Region, 2010-2014 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2010-2014 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 44
Traverse Energy Ltd., Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2010-2014 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 48
Traverse Energy Ltd., Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2010-2014 52
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2010-2014 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 59
Oil and Gas Performance Metrics 63
Traverse Energy Ltd., Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2010-2014 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 65
Well Statistics 67
Producible Oil and Gas Well, 2010-2014 67
Producible Oil and Gas Well, By Country/Region, 2010-2014 68
Exploration and Development Wells Drilled, 2010-2014 72
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 73
Recent Developments 74
Traverse Energy Ltd. - Recent Developments 74
Aug 24, 2015: Traverse Energy Announces Horizontal Drilling Results 74
Aug 13, 2015: Traverse Energy Announces 2015 Second Quarter Results 74
May 11, 2015: Traverse Energy Announces 2015 First Quarter Results 75
Mar 13, 2015: Traverse Energy Announces 2014 Year End Reserves 75
Feb 10, 2015: Traverse Energy Announces Revised 2015 Capital Budget & Program 76
Nov 13, 2014: Traverse Energy Announces 2014 Third Quarter Results 77
Aug 14, 2014: Traverse Energy Announces 2014 Second Quarter Results 79
May 15, 2014: Traverse Energy Announces 2014 First Quarter Results 80
Apr 15, 2014: Traverse Energy Announces 2013 Year End Results 81
Appendix 83
Methodology 83
Coverage 83
Secondary Research 83
Primary Research 83
Data Information Sources 84
Company Source 84
SEC/Other Regulatory Filings 84
Other Sources 84
Expert Panel Validation 84
Data Definition 84
Oil and Gas Reserves 84
Units of Measure 85
About GlobalData 85
Disclosure 85
Disclaimer 85

List of Tables
Table 1: Traverse Energy Ltd., Key Facts 8
Table 2: Traverse Energy Ltd., Share Price Performance, Q1, 2014-Q1, 2015 9
Table 3: Traverse Energy Ltd., Key Valuation Metrics, Q1, 2014-Q1, 2015 10
Table 4: Traverse Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 11
Table 5: Traverse Energy Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2014-Q1, 2015 12
Table 6: Traverse Energy Ltd., Upstream Capital Expenditure, Q1, 2014-Q1, 2015 13
Table 7: Traverse Energy Ltd., Total Crude Oil and Natural Gas, Production, Q1, 2014-Q1, 2015 14
Table 8: Traverse Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2014-Q1, 2015 15
Table 9: Traverse Energy Ltd., Total Crude Oil Production, mmbbl, Q1, 2014-Q1, 2015 16
Table 10: Traverse Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q1, 2014-Q1, 2015 17
Table 11: Traverse Energy Ltd., Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 18
Table 12: Traverse Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q1, 2014-Q1, 2015 19
Table 13: Traverse Energy Ltd., Share Price Performance, 2010-2014 20
Table 14: Traverse Energy Ltd., Key Valuation Metrics, 2010-2014 21
Table 15: Traverse Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 23
Table 16: Traverse Energy Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 25
Table 17: Traverse Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 26
Table 18: Traverse Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Table 19: Traverse Energy Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 29
Table 20: Traverse Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2010-2014 30
Table 21: Traverse Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Table 22: Traverse Energy Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 33
Table 23: Traverse Energy Ltd., Natural Gas Reserve Changes, bcf, 2010-2014 34
Table 24: Traverse Energy Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 35
Table 25: Traverse Energy Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 37
Table 26: Traverse Energy Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 38
Table 27: Traverse Energy Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Table 28: Traverse Energy Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 41
Table 29: Traverse Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 43
Table 30: Traverse Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 45
Table 31: Traverse Energy Ltd., Oil and Gas Production Replacement Ratio, %, 2010-2014 46
Table 32: Traverse Energy Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 51
Table 33: Traverse Energy Ltd., Revenue and Expenses, US$ mil, 2010-2014 52
Table 34: Traverse Energy Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 57
Table 35: Traverse Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 58
Table 36: Traverse Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 62
Table 37: Traverse Energy Ltd., Oil and Gas Performance Metrics, 2010-2014 63
Table 38: Traverse Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 64
Table 39: Traverse Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 66
Table 40: Traverse Energy Ltd., Producible Oil and Gas Wells, 2010-2014 67
Table 41: Traverse Energy Ltd., Producible Oil and Gas Wells, By Country/Region, 2010-2014 71
Table 42: Traverse Energy Ltd., Exploratory and Developed Wells, 2010-2014 72
Table 43: Traverse Energy Ltd., Exploratory and Developed Wells, By Country/Region, 2010-2014 73

List of Figures
Figure 1: Traverse Energy Ltd., Share Price Performance, CAD/Share, Q1, 2014-Q1, 2015 9
Figure 2: Traverse Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2014-Q1, 2015 10
Figure 3: Traverse Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 11
Figure 4: Traverse Energy Ltd., Upstream Capital Expenditure, US$ mil, Q1, 2014-Q1, 2015 13
Figure 5: Traverse Energy Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2014-Q1, 2015 14
Figure 6: Traverse Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2014-Q1, 2015 15
Figure 7: Traverse Energy Ltd., Total Crude Oil Production, mmbbl, Q1, 2014-Q1, 2015 16
Figure 8: Traverse Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q1, 2014-Q1, 2015 17
Figure 9: Traverse Energy Ltd., Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 18
Figure 10: Traverse Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q1, 2014-Q1, 2015 19
Figure 11: Traverse Energy Ltd., Share Price Performance, CAD/Share, 2010-2014 20
Figure 12: Traverse Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 21
Figure 13: Traverse Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 22
Figure 14: Traverse Energy Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 24
Figure 15: Traverse Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 24
Figure 16: Traverse Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 26
Figure 17: Traverse Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Figure 18: Traverse Energy Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 28
Figure 19: Traverse Energy Ltd., Oil Production, By Country/Region, mmbbl, 2010-2014 28
Figure 20: Traverse Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2014 30
Figure 21: Traverse Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Figure 22: Traverse Energy Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 32
Figure 23: Traverse Energy Ltd., Gas Production, By Country/Region, bcf, 2010-2014 32
Figure 24: Traverse Energy Ltd., Natural Gas Reserve Changes, bcf, 2014 34
Figure 25: Traverse Energy Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 35
Figure 26: Traverse Energy Ltd., Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 27: Traverse Energy Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 28: Traverse Energy Ltd., Oil Reserve Life Index, By Country/Region, Years, 2010-2014 37
Figure 29: Traverse Energy Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 38
Figure 30: Traverse Energy Ltd., Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 31: Traverse Energy Ltd., Development Costs, By Country/Region, US$ mil, 2010-2014 40
Figure 32: Traverse Energy Ltd., Exploration Costs, By Country/Region, US$ mil, 2010-2014 40
Figure 33: Traverse Energy Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 42
Figure 34: Traverse Energy Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 44
Figure 35: Traverse Energy Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 44
Figure 36: Traverse Energy Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 37: Traverse Energy Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 46
Figure 38: Traverse Energy Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 48
Figure 39: Traverse Energy Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 48
Figure 40: Traverse Energy Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 49
Figure 41: Traverse Energy Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 49
Figure 42: Traverse Energy Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 50
Figure 43: Traverse Energy Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 50
Figure 44: Traverse Energy Ltd., Revenue and Expenses, US$ mil, 2010-2014 52
Figure 45: Traverse Energy Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 53
Figure 46: Traverse Energy Ltd., Exploration Expenses, By Country/Region, US$ mil, 2010-2014 53
Figure 47: Traverse Energy Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 54
Figure 48: Traverse Energy Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 54
Figure 49: Traverse Energy Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 55
Figure 50: Traverse Energy Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 55
Figure 51: Traverse Energy Ltd., Production Costs, By Country/Region, US$ mil, 2010-2014 56
Figure 52: Traverse Energy Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 56
Figure 53: Traverse Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 58
Figure 54: Traverse Energy Ltd., Exploration Expenses per boe, By Country/Region, US$/boe, 2010-2014 59
Figure 55: Traverse Energy Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2010-2014 59
Figure 56: Traverse Energy Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 57: Traverse Energy Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 58: Traverse Energy Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 59: Traverse Energy Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 60: Traverse Energy Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 62
Figure 61: Traverse Energy Ltd., Oil and Gas Performance Metrics, 2010-2014 63
Figure 62: Traverse Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 64
Figure 63: Traverse Energy Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 65
Figure 64: Traverse Energy Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 65
Figure 65: Traverse Energy Ltd., Producible Oil and Gas Wells, 2010-2014 67
Figure 66: Traverse Energy Ltd., Gross Productive Gas Wells, By Country/Region, Number, 2010-2014 68
Figure 67: Traverse Energy Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 68
Figure 68: Traverse Energy Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2010-2014 69
Figure 69: Traverse Energy Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 69
Figure 70: Traverse Energy Ltd., Net Productive Gas Wells, By Country/Region, Number, 2010-2014 70
Figure 71: Traverse Energy Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 70
Figure 72: Traverse Energy Ltd., Net Productive Oil Wells, By Country/Region, Number, 2010-2014 71
Figure 73: Traverse Energy Ltd., Exploratory and Developed Wells, 2010-2014 72


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