Surge Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2016

 Published On: Dec, 2016 |    No of Pages: 94 |  Published By: GlobalData | Format: PDF
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Summary

Surge Energy 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 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
Surge Energy Inc., Valuation and Financial Data 8
Surge Energy Inc., Share Price Performance 8
Share Price Performance, Q2, 2015-Q2, 2016 8
Surge Energy Inc., Key Valuation Metrics 9
Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Surge Energy Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 11
Surge Energy Inc., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
Surge Energy Inc., Quarterly Production Trends 13
Surge Energy Inc., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 14
Surge Energy Inc., Crude Oil Production 15
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 15
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 16
Surge Energy Inc., Natural Gas Production 17
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 17
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 18
Surge Energy Inc., Valuation and Financial Data, 2011-2015 19
Surge Energy Inc., Share Price Performance, 2011-2015 19
Share Price Performance, 2011-2015 19
Key Valuation Metrics, 2011-2015 20
Surge Energy Inc., Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 23
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 26
Crude Oil Production and Reserves By Country/Region, 2011-2015 27
Crude Oil/Liquids Reserve Changes, 2011-2015 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2011-2015 30
Natural Gas Production and Reserves, By Country/Region, 2011-2015 31
Natural Gas Reserve Changes, 2011-2015 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 35
Surge Energy Inc., E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2011-2015 37
Acquisition Costs By Country/Region, 2011-2015 38
Exploration and Development Costs, By Country/Region, 2011-2015 39
Oil and Gas Cost Per boe, US$/boe 40
Oil and Gas Cost Per boe, US$/boe, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 42
Surge Energy Inc., Reserve Replacement Ratio 43
Oil and Gas Production Replacement Ratio 43
Oil and Gas Production Replacement Ratio, 2011-2015 43
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 45
Surge Energy Inc., Results of Oil & Gas Operations Trend 46
Oil and Gas Revenue and Expenses 46
Oil and Gas Revenue and Expenses, 2011-2015 46
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 47
Oil and Gas Revenue and Expenses, Per boe 51
Oil and Gas Revenue and Expenses, By boe, 2011-2015 51
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 52
Oil and Gas Performance Metrics 56
Surge Energy Inc., Land Holdings and Well Data 57
Developed and Undeveloped Acreage 57
Gross and Net Developed and Undeveloped Acreage, 2011-2015 57
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 58
Well Statistics 60
Producible Oil and Gas Well, 2011-2015 60
Producible Oil and Gas Well, By Country/Region, 2011-2015 61
Exploration and Development Wells Drilled, 2011-2015 65
Recent Developments 66
Surge Energy Inc. - Recent Developments 66
Dec 13, 2016: Surge Energy Announces Upward Revision To 2017 Production Guidance 66
Nov 09, 2016: Surge Energy Announces Third Quarter 2016 Results 68
Sep 06, 2016: Surge Energy Announces Preliminary Guidance For 2017 And Upward Revision To 2016 Production Exit Rate 72
Aug 03, 2016: Surge Energy Announces Second Quarter 2016 Results 73
Jul 21, 2016: Surge Energy: Excellent Drilling Efficiencies; Current Production Exceeds 2016 Exit Rate; Bank Line Confirmed 76
May 11, 2016: Surge Energy Announces First Quarter 2016 Results 79
Mar 16, 2016: Surge Energy Announces Fourth Quarter And Year-End 2015 Results 82
Feb 08, 2016: Surge Energy Announces 2015 Year End Reserves; Operational Update; And New Net Asset Value Of $4.88 Per Share 86
Dec 09, 2015: Surge Energy Provides 2016 Capital Budget And Guidance 89
Appendix 92
Methodology 92
Coverage 92
Secondary Research 92
Primary Research 92
Data Information Sources 93
Company Source 93
SEC/Other Regulatory Filings 93
Other Sources 93
Expert Panel Validation 93
Data Definition 93
Oil and Gas Reserves 93
Units of Measure 94
About GlobalData 94
Disclosure 94
Disclaimer 94

List of Tables
Table 1: Surge Energy Inc., Key Facts 7
Table 2: Surge Energy Inc., Share Price Performance, Q2, 2015-Q2, 2016 8
Table 3: Surge Energy Inc., Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Table 4: Surge Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Table 5: Surge Energy Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 11
Table 6: Surge Energy Inc., Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
Table 7: Surge Energy Inc., Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 13
Table 8: Surge Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 14
Table 9: Surge Energy Inc., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 15
Table 10: Surge Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 16
Table 11: Surge Energy Inc., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 17
Table 12: Surge Energy Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 18
Table 13: Surge Energy Inc., Share Price Performance, 2011-2015 19
Table 14: Surge Energy Inc., Key Valuation Metrics, 2011-2015 20
Table 15: Surge Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Table 16: Surge Energy Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 24
Table 17: Surge Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 25
Table 18: Surge Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Table 19: Surge Energy Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 28
Table 20: Surge Energy Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 29
Table 21: Surge Energy Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Table 22: Surge Energy Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 32
Table 23: Surge Energy Inc., Natural Gas Reserve Changes, bcf, 2011-2015 33
Table 24: Surge Energy Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 34
Table 25: Surge Energy Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 36
Table 26: Surge Energy Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 37
Table 27: Surge Energy Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Table 28: Surge Energy Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 39
Table 29: Surge Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 41
Table 30: Surge Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 42
Table 31: Surge Energy Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 44
Table 32: Surge Energy Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 45
Table 33: Surge Energy Inc., Revenue and Expenses, US$ mil, 2011-2015 46
Table 34: Surge Energy Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 50
Table 35: Surge Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 51
Table 36: Surge Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 55
Table 37: Surge Energy Inc., Oil and Gas Performance Metrics, 2011-2015 56
Table 38: Surge Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 57
Table 39: Surge Energy Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 59
Table 40: Surge Energy Inc., Producible Oil and Gas Wells, 2011-2015 60
Table 41: Surge Energy Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 64
Table 42: Surge Energy Inc., Exploratory and Developed Wells, 2011-2015 65

List of Figures
Figure 1: Surge Energy Inc., Share Price Performance, CAD/Share, Q2, 2015-Q2, 2016 8
Figure 2: Surge Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 9
Figure 3: Surge Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Figure 4: Surge Energy Inc., Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 12
Figure 5: Surge Energy Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 13
Figure 6: Surge Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 14
Figure 7: Surge Energy Inc., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 15
Figure 8: Surge Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 16
Figure 9: Surge Energy Inc., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 17
Figure 10: Surge Energy Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 18
Figure 11: Surge Energy Inc., Share Price Performance, CAD/Share, 2011-2015 19
Figure 12: Surge Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 20
Figure 13: Surge Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21
Figure 14: Surge Energy Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 23
Figure 15: Surge Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 23
Figure 16: Surge Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 25
Figure 17: Surge Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Figure 18: Surge Energy Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 27
Figure 19: Surge Energy Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 27
Figure 20: Surge Energy Inc., Crude Oil Reserve Changes, mmbbl, 2015 29
Figure 21: Surge Energy Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Figure 22: Surge Energy Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 31
Figure 23: Surge Energy Inc., Gas Production, By Country/Region, bcf, 2011-2015 31
Figure 24: Surge Energy Inc., Natural Gas Reserve Changes, bcf, 2015 33
Figure 25: Surge Energy Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 34
Figure 26: Surge Energy Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 27: Surge Energy Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 28: Surge Energy Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 29: Surge Energy Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 37
Figure 30: Surge Energy Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 31: Surge Energy Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 32: Surge Energy Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 40
Figure 33: Surge Energy Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 43
Figure 34: Surge Energy Inc., Revenue and Expenses, US$ mil, 2011-2015 46
Figure 35: Surge Energy Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 47
Figure 36: Surge Energy Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 47
Figure 37: Surge Energy Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 48
Figure 38: Surge Energy Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 48
Figure 39: Surge Energy Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 49
Figure 40: Surge Energy Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 49
Figure 41: Surge Energy Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 50
Figure 42: Surge Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 51
Figure 43: Surge Energy Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 52
Figure 44: Surge Energy Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 52
Figure 45: Surge Energy Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 53
Figure 46: Surge Energy Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 53
Figure 47: Surge Energy Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 54
Figure 48: Surge Energy Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 54
Figure 49: Surge Energy Inc., Oil and Gas Performance Metrics, 2011-2015 56
Figure 50: Surge Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 57
Figure 51: Surge Energy Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 58
Figure 52: Surge Energy Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 58
Figure 53: Surge Energy Inc., Producible Oil and Gas Wells, 2011-2015 60
Figure 54: Surge Energy Inc., Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 61
Figure 55: Surge Energy Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 61
Figure 56: Surge Energy Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 62
Figure 57: Surge Energy Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 62
Figure 58: Surge Energy Inc., Net Productive Gas Wells, By Country/Region, Number, 2011-2015 63
Figure 59: Surge Energy Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 63
Figure 60: Surge Energy Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 64
Figure 61: Surge Energy Inc., Exploratory and Developed Wells, 2011-2015 65


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