Suncor Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 86 |  Published By: GlobalData | Format: PDF
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Summary

Suncor Energy Inc. (Suncor) is an integrated energy company that mainly focuses on the development of Athabasca oil sands. It carries out development and up gradation of oil sands; offshore and onshore oil and gas production; refining of crude oil and marketing of petroleum and petrochemical products. The company also generates power through renewable energy sources. Through its refinery operations, Suncor produces bitumen blends, gasoline, asphalt, diesel, sweet and sour crude oil, chemicals, heavy fuel and home heating oil, petroleum coke and sulphur. The company transport and refine crude oil and markets petroleum and petrochemical products in Canada. Additionally, the company also markets third- party petroleum products. The company sells its refined petroleum products to retail, commercial and industrial customers under Petro-Canada and Sunoco brand. Suncor is headquartered in Alberta, Canada.

Suncor 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
Suncor Energy Inc., Valuation and Financial Data 8
Suncor Energy Inc., Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
Suncor Energy Inc., Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Suncor Energy Inc., 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
Suncor Energy Inc., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Suncor Energy Inc., Quarterly Production Trends 13
Suncor Energy Inc., 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
Suncor Energy Inc., 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
Suncor Energy Inc., 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
Suncor Energy Inc., Valuation and Financial Data, 2012-2016 19
Suncor Energy Inc., Share Price Performance, 2012-2016 19
Share Price Performance, 2012-2016 19
Key Valuation Metrics, 2012-2016 20
Suncor 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, 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
Suncor Energy Inc., 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$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2012-2016 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 44
Suncor Energy Inc., Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2012-2016 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 50
Suncor Energy Inc., Results of Oil & Gas Operations Trend 55
Oil and Gas Revenue and Expenses 55
Oil and Gas Revenue and Expenses, 2012-2016 55
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2012-2016 57
Oil and Gas Performance Metrics 58
Suncor Energy Inc., Land Holdings and Well Data 59
Developed and Undeveloped Acreage 59
Gross and Net Developed and Undeveloped Acreage, 2012-2016 59
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 60
Well Statistics 62
Producible Oil and Gas Well, 2012-2016 62
Producible Oil and Gas Well, By Country/Region, 2012-2016 63
Exploration and Development Wells Drilled, 2012-2016 68
Recent Developments 70
Suncor Energy Inc. - Recent Developments 70
May 29, 2017: Husky Approves West White Rose Project And Announces New Discovery 70
May 25, 2017: Alberta Energy Regulator Agrees To Reconsider Suncor Tailings Plan It Rejected 72
May 10, 2017: Wood Group Provides Annual General Meeting Statement 72
May 08, 2017: Suncor Plans To Seek Regulatory Approval For New Thermal Oil Sands Project In 2017 74
May 01, 2017: Suncor Energy Confirms Restart Of Pipeline Shipments From Syncrude Mildred Lake Oil Sands Facility 74
Apr 26, 2017: Suncor Energy reports first quarter 2017 results 74
Apr 19, 2017: Suncor Energy Provides Update On Syncrude Return To Service Plan 78
Apr 04, 2017: Syncrude Outage Limits ConocoPhillips Oil Sands Production 78
Mar 27, 2017: Austin Exploration Strong Operational Progress Made At Pathfinder Project 78
Mar 27, 2017: Suncor Energy Provides Update On Syncrude Recovery Plan 80
Appendix 82
Methodology 82
Coverage 82
Secondary Research 82
Primary Research 83
Data Information Sources 83
Company Source 83
SEC/Other Regulatory Filings 83
Other Sources 83
Expert Panel Validation 83
Data Definition 84
Oil and Gas Reserves 84
Units of Measure 84
About GlobalData 85
Disclosure 85
Disclaimer 85

List of Tables
Table 1: Suncor Energy Inc., Key Facts 7
Table 2: Suncor Energy Inc., Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: Suncor Energy Inc., Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: Suncor Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Table 5: Suncor Energy Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11
Table 6: Suncor Energy Inc., Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Table 7: Suncor Energy Inc., Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 13
Table 8: Suncor Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 14
Table 9: Suncor Energy Inc., Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 15
Table 10: Suncor Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 16
Table 11: Suncor Energy Inc., Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 17
Table 12: Suncor Energy Inc., Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 18
Table 13: Suncor Energy Inc., Share Price Performance, 2012-2016 19
Table 14: Suncor Energy Inc., Key Valuation Metrics, 2012-2016 20
Table 15: Suncor Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Table 16: Suncor Energy Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: Suncor Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: Suncor Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: Suncor Energy Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 28
Table 20: Suncor Energy Inc., Crude Oil Reserve Changes, mmbbl, 2012-2016 29
Table 21: Suncor Energy Inc., Natural Gas Production and Reserves Metrics, bcf, 2012-2016 30
Table 22: Suncor Energy Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 32
Table 23: Suncor Energy Inc., Natural Gas Reserve Changes, bcf, 2012-2016 33
Table 24: Suncor Energy Inc., Oil and Gas Reserves Life Index, Years, 2012-2016 34
Table 25: Suncor Energy Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 36
Table 26: Suncor Energy Inc., Upstream Capital Expenditure, US$ mil, 2012-2016 37
Table 27: Suncor Energy Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 39
Table 28: Suncor Energy Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 41
Table 29: Suncor Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 43
Table 30: Suncor Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 46
Table 31: Suncor Energy Inc., Oil and Gas Production Replacement Ratio, %, 2012-2016 48
Table 32: Suncor Energy Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 53
Table 33: Suncor Energy Inc., Revenue and Expenses, US$ mil, 2012-2016 56
Table 34: Suncor Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 57
Table 35: Suncor Energy Inc., Oil and Gas Performance Metrics, 2012-2016 58
Table 36: Suncor Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 59
Table 37: Suncor Energy Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 61
Table 38: Suncor Energy Inc., Producible Oil and Gas Wells, 2012-2016 62
Table 39: Suncor Energy Inc., Producible Oil and Gas Wells, By Country/Region, 2012-2016 67
Table 40: Suncor Energy Inc., Exploratory and Developed Wells, 2012-2016 69

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


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