Questerre Energy Corp Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2017

 Published On: Aug, 2017 |    No of Pages: 99 |  Published By: GlobalData | Format: PDF
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Summary

Questerre Energy Corp (Questerre) is an independent oil and gas exploration and development company that offers explores, develops and produces oil and gas from its unconventional oil and gas properties. The company's unconventional properties include tight oil, shale oil and shale gas. It has base production and reserves in the tight oil bakken or torquay of southeast Saskatchewan. Questerre acquires interests in two oil shale projects in Utah and Wyoming. The company holds assets in Alberta, Saskatchewan, Manitoba and Quebec, Canada; Utah, the US and Jordan. Questerre is headquartered in Calgary, Alberta, Canada.

Questerre 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 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
Questerre Energy Corp, Valuation and Financial Data 8
Questerre Energy Corp, Share Price Performance 8
Share Price Performance, Q1, 2016-Q1, 2017 8
Questerre Energy Corp, Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Questerre Energy Corp, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2016-Q1, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2016-Q1, 2017 11
Questerre Energy Corp, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Questerre Energy Corp, Quarterly Production Trends 13
Questerre Energy Corp, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2016-Q1, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 15
Questerre Energy Corp, Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2016-Q1, 2017 16
Crude Oil Production, By Country/Region, Q1, 2016-Q1, 2017 17
Questerre Energy Corp, Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2016-Q1, 2017 18
Natural Gas Production, By Country/Region, Q1, 2016-Q1, 2017 19
Questerre Energy Corp, Valuation and Financial Data, 2012-2016 20
Questerre Energy Corp, Share Price Performance, 2012-2016 20
Share Price Performance, 2012-2016 20
Key Valuation Metrics, 2012-2016 21
Questerre Energy Corp, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2012-2016 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2012-2016 24
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 28
Natural Gas Production and Reserve 29
Natural Gas Production and Reserve Trend, 2012-2016 29
Natural Gas Production and Reserves, By Country/Region, 2012-2016 30
Natural Gas Reserve Changes, 2012-2016 31
Total Crude Oil and Natural Gas Reserves Life Index 32
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 32
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 33
Questerre Energy Corp, E&P Costs Trends 35
Allocation of the Upstream Capital Expenditure 35
Upstream Capital Expenditure, 2012-2016 35
Exploration and Development Costs, By Country/Region, 2012-2016 36
Oil and Gas Cost Per boe, US$/boe 38
Oil and Gas Cost Per boe, US$/boe, 2012-2016 38
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 40
Questerre Energy Corp, Reserve Replacement Ratio 42
Oil and Gas Production Replacement Ratio 42
Oil and Gas Production Replacement Ratio, 2012-2016 42
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 45
Questerre Energy Corp, Results of Oil & Gas Operations Trend 49
Oil and Gas Revenue and Expenses 49
Oil and Gas Revenue and Expenses, 2012-2016 49
Oil and Gas Revenue and Expenses, By Country/Region, 2012-2016 51
Oil and Gas Revenue and Expenses, Per boe 54
Oil and Gas Revenue and Expenses, By boe, 2012-2016 54
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 55
Oil and Gas Performance Metrics 58
Questerre Energy Corp, 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
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 70
Recent Developments 71
Questerre Energy Corp - Recent Developments 71
Aug 10, 2017: Questerre Releases Second Quarter 2017 Results 71
May 12, 2017: Questerre Provides First Quarter 2017 Report 72
May 11, 2017: Questerre Energy: Development Drilling Continues At Kakwa 74
Apr 10, 2017: Questerre Energy appoints new board member 75
Feb 23, 2017: Questerre Reports Preliminary Fourth Quarter And Year-End Results For Period Ended December 31, 2016 76
Feb 08, 2017: Questerre Updates Quebec Resource Assessment 79
Dec 15, 2016: Questerre Energy Reports On Results Offsetting Kakwa North Acreage 81
Dec 12, 2016: Questerre Energy Corporation - Quebec Government endorses new hydrocarbon legislation 82
Nov 10, 2016: Questerre Energy Reports Third Quarter 2016 Results 82
Oct 27, 2016: Questerre Announces 2017 Capital Budget And Proposed Private Placement 94
Appendix 96
Methodology 96
Coverage 96
Secondary Research 96
Primary Research 97
Data Information Sources 97
Company Source 97
SEC/Other Regulatory Filings 97
Other Sources 97
Expert Panel Validation 97
Data Definition 98
Oil and Gas Reserves 98
Units of Measure 98
About GlobalData 99
Disclosure 99
Disclaimer 99

List of Tables
Table 1: Questerre Energy Corp, Key Facts 7
Table 2: Questerre Energy Corp, Share Price Performance, Q1, 2016-Q1, 2017 8
Table 3: Questerre Energy Corp, Key Valuation Metrics, Q1, 2016-Q1, 2017 9
Table 4: Questerre Energy Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Table 5: Questerre Energy Corp, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2016-Q1, 2017 11
Table 6: Questerre Energy Corp, Upstream Capital Expenditure, Q1, 2016-Q1, 2017 12
Table 7: Questerre Energy Corp, Total Crude Oil and Natural Gas, Production, Q1, 2016-Q1, 2017 14
Table 8: Questerre Energy Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Table 9: Questerre Energy Corp, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Table 10: Questerre Energy Corp, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Table 11: Questerre Energy Corp, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Table 12: Questerre Energy Corp, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Table 13: Questerre Energy Corp, Share Price Performance, 2012-2016 20
Table 14: Questerre Energy Corp, Key Valuation Metrics, 2012-2016 21
Table 15: Questerre Energy Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23
Table 16: Questerre Energy Corp, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 24
Table 17: Questerre Energy Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 25
Table 18: Questerre Energy Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Table 19: Questerre Energy Corp, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 27
Table 20: Questerre Energy Corp, Crude Oil Reserve Changes, mmbbl, 2012-2016 28
Table 21: Questerre Energy Corp, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 29
Table 22: Questerre Energy Corp, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 30
Table 23: Questerre Energy Corp, Natural Gas Reserve Changes, bcf, 2012-2016 31
Table 24: Questerre Energy Corp, Oil and Gas Reserves Life Index, Years, 2012-2016 32
Table 25: Questerre Energy Corp, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 34
Table 26: Questerre Energy Corp, Upstream Capital Expenditure, US$ mil, 2012-2016 35
Table 27: Questerre Energy Corp, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 37
Table 28: Questerre Energy Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 39
Table 29: Questerre Energy Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 41
Table 30: Questerre Energy Corp, Oil and Gas Production Replacement Ratio, %, 2012-2016 43
Table 31: Questerre Energy Corp, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 48
Table 32: Questerre Energy Corp, Revenue and Expenses, US$ mil, 2012-2016 50
Table 33: Questerre Energy Corp, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 53
Table 34: Questerre Energy Corp, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 54
Table 35: Questerre Energy Corp, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 57
Table 36: Questerre Energy Corp, Oil and Gas Performance Metrics, 2012-2016 58
Table 37: Questerre Energy Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 59
Table 38: Questerre Energy Corp, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 61
Table 39: Questerre Energy Corp, Producible Oil and Gas Wells, 2012-2016 62
Table 40: Questerre Energy Corp, Producible Oil and Gas Wells, By Country/Region, 2012-2016 67
Table 41: Questerre Energy Corp, Exploratory and Developed Wells, 2012-2016 69
Table 42: Questerre Energy Corp, Exploratory and Developed Wells, By Country/Region, 2012-2016 70

List of Figures
Figure 1: Questerre Energy Corp, Share Price Performance, CAD/Share, Q1, 2016-Q1, 2017 8
Figure 2: Questerre Energy Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2016-Q1, 2017 9
Figure 3: Questerre Energy Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2016-Q1, 2017 10
Figure 4: Questerre Energy Corp, Upstream Capital Expenditure, US$ mil, Q1, 2016-Q1, 2017 12
Figure 5: Questerre Energy Corp, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2016-Q1, 2017 13
Figure 6: Questerre Energy Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2016-Q1, 2017 15
Figure 7: Questerre Energy Corp, Total Crude Oil Production, mmbbl, Q1, 2016-Q1, 2017 16
Figure 8: Questerre Energy Corp, Crude Oil Production, By Country/Region, mmbbl, Q1, 2016-Q1, 2017 17
Figure 9: Questerre Energy Corp, Total Natural Gas Production, bcf, Q1, 2016-Q1, 2017 18
Figure 10: Questerre Energy Corp, Natural Gas Production, By Country/Region, bcf, Q1, 2016-Q1, 2017 19
Figure 11: Questerre Energy Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 21
Figure 12: Questerre Energy Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Figure 13: Questerre Energy Corp, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 24
Figure 14: Questerre Energy Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 25
Figure 15: Questerre Energy Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 26
Figure 16: Questerre Energy Corp, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 27
Figure 17: Questerre Energy Corp, Crude Oil Reserve Changes, mmbbl, 2016 28
Figure 18: Questerre Energy Corp, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 29
Figure 19: Questerre Energy Corp, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 30
Figure 20: Questerre Energy Corp, Natural Gas Reserve Changes, bcf, 2016 31
Figure 21: Questerre Energy Corp, Oil and Gas Reserves Life Index, Years, 2012-2016 32
Figure 22: Questerre Energy Corp, Gas Reserve Life Index, By Country/Region, Years, 2012-2016 33
Figure 23: Questerre Energy Corp, Oil & Gas Reserve Life Index, By Country/Region, Years, 2012-2016 33
Figure 24: Questerre Energy Corp, Oil Reserve Life Index, By Country/Region, Years, 2012-2016 34
Figure 25: Questerre Energy Corp, Upstream Capital Expenditure, US$ mil, 2012-2016 35
Figure 26: Questerre Energy Corp, Development Costs, By Country/Region, US$ mil, 2012-2016 36
Figure 27: Questerre Energy Corp, Exploration Costs, By Country/Region, US$ mil, 2012-2016 36
Figure 28: Questerre Energy Corp, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 38
Figure 29: Questerre Energy Corp, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 40
Figure 30: Questerre Energy Corp, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 40
Figure 31: Questerre Energy Corp, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2012-2016 41
Figure 32: Questerre Energy Corp, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 42
Figure 33: Questerre Energy Corp, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 45
Figure 34: Questerre Energy Corp, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 45
Figure 35: Questerre Energy Corp, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 46
Figure 36: Questerre Energy Corp, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 46
Figure 37: Questerre Energy Corp, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 47
Figure 38: Questerre Energy Corp, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 47
Figure 39: Questerre Energy Corp, Revenue and Expenses, US$ mil, 2012-2016 49
Figure 40: Questerre Energy Corp, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 51
Figure 41: Questerre Energy Corp, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 51
Figure 42: Questerre Energy Corp, Production Costs, By Country/Region, US$ mil, 2012-2016 52
Figure 43: Questerre Energy Corp, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 52
Figure 44: Questerre Energy Corp, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 54
Figure 45: Questerre Energy Corp, Lifting Cost per boe, By Country/Region, US$/boe, 2012-2016 55
Figure 46: Questerre Energy Corp, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2012-2016 55
Figure 47: Questerre Energy Corp, Total DD&A per boe, By Country/Region, US$/boe, 2012-2016 56
Figure 48: Questerre Energy Corp, Total Revenue per boe, By Country/Region, US$/boe, 2012-2016 56
Figure 49: Questerre Energy Corp, Oil and Gas Performance Metrics, 2012-2016 58
Figure 50: Questerre Energy Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 59
Figure 51: Questerre Energy Corp, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 60
Figure 52: Questerre Energy Corp, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 60
Figure 53: Questerre Energy Corp, Producible Oil and Gas Wells, 2012-2016 62
Figure 54: Questerre Energy Corp, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 63
Figure 55: Questerre Energy Corp, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 63
Figure 56: Questerre Energy Corp, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 64
Figure 57: Questerre Energy Corp, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 64
Figure 58: Questerre Energy Corp, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 65
Figure 59: Questerre Energy Corp, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 65
Figure 60: Questerre Energy Corp, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 66
Figure 61: Questerre Energy Corp, Exploratory and Developed Wells, 2012-2016 68


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