Suroco Energy Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2014

 Published On: Oct, 2014 |    No of Pages: 77 |  Published By: GlobalData | Format: PDF
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Summary

Suroco 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 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 companies’ 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 competitors’ 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 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Suroco Energy Inc., Valuation and Financial Data 8
Suroco Energy Inc., Share Price Performance 8
Share Price Performance, Q1, 2013-Q1, 2014 8
Suroco Energy Inc., Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2013-Q1, 2014 9
Suroco Energy Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2013-Q1, 2014 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2013-Q1, 2014 11
Suroco Energy Inc., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2013-Q1, 2014 12
Suroco Energy Inc., Quarterly Production Trends 13
Suroco Energy Inc., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2013-Q1, 2014 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2013-Q1, 2014 14
Suroco Energy Inc., Crude Oil Production 15
Total Crude Oil Production Trend, Q1, 2013-Q1, 2014 15
Crude Oil Production, By Country/Region, Q1, 2013-Q1, 2014 16
Suroco Energy Inc., Valuation and Financial Data, 2009-2013 17
Suroco Energy Inc., Share Price Performance, 2009-2013 17
Share Price Performance, 2009-2013 17
Key Valuation Metrics, 2009-2013 18
Suroco Energy Inc., Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 20
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 23
Crude Oil Production and Reserves By Country/Region, 2009-2013 24
Crude Oil/Liquids Reserve Changes, 2009-2013 26
Total Crude Oil and Natural Gas Reserves Life Index 27
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 27
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 28
Suroco Energy Inc., E&P Costs Trends 30
Allocation of the Upstream Capital Expenditure 30
Upstream Capital Expenditure, 2009-2013 30
Acquisition Costs By Country/Region, 2009-2013 31
Exploration and Development Costs, By Country/Region, 2009-2013 33
Oil and Gas Cost Per boe, US$/boe 35
Oil and Gas Cost Per boe, US$/boe, 2009-2013 35
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 37
Suroco Energy Inc., Reserve Replacement Ratio 39
Oil and Gas Production Replacement Ratio 39
Oil and Gas Production Replacement Ratio, 2009-2013 39
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 41
Suroco Energy Inc., Results of Oil & Gas Operations Trend 44
Oil and Gas Revenue and Expenses 44
Oil and Gas Revenue and Expenses, 2009-2013 44
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 45
Oil and Gas Revenue and Expenses, Per boe 50
Oil and Gas Revenue and Expenses, By boe, 2009-2013 50
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 51
Oil and Gas Performance Metrics 55
Suroco Energy Inc., Land Holdings and Well Data 56
Developed and Undeveloped Acreage 56
Gross and Net Developed and Undeveloped Acreage, 2009-2013 56
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 57
Well Statistics 59
Producible Oil and Gas Well, 2009-2013 59
Producible Oil and Gas Well, By Country/Region, 2009-2013 60
Exploration and Development Wells Drilled, 2009-2013 63
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 64
Recent Developments 65
Suroco Energy Inc. - Recent Developments 65
Jun 27, 2014: Petroamerica Reaffirms Its Final $0.80 Offer for Suroco Energy and Highlights the Risks and Uncertainties of the Vetra Hostile Offer 65
Jun 24, 2014: VETRA Increases All Cash Offer for Suroco Energy Inc. to $0.83 per Common Share 66
May 29, 2014: Suroco Energy Announces Filing of First Quarter Financial Statements and MD&A 67
May 23, 2014: Suroco Energy Announces Acquisition of Interest in the Putumayo 7 Block and Commences Drilling the Quinde-7 Well 68
Mar 24, 2014: Suroco Energy Forecasts A 71% Increase in Production With 2014 Program and Updates Operational Activities in Colombia 69
Mar 04, 2014: Suroco Energy Announces 34% Increase in Proved Producing Reserves for 2013 71
Jan 30, 2014: Suroco Energy Announces Amendment to Credit Facility With Macquarie Bank Limited to Provide for an Additional US$10 Million in Available Funds 72
Jan 20, 2014: Suroco Energy Provides Update on Suroriente Block Drilling Activity 73
Jan 03, 2014: Suroco Energy Provides Update on Putumayo Drilling 73
Dec 17, 2013: Suroco Energy Provides Update on Suroriente Block Drilling Activity 74
Appendix 75
Methodology 75
Coverage 75
Secondary Research 75
Primary Research 75
Data Information Sources 76
Company Source 76
SEC/Other Regulatory Filings 76
Other Sources 76
Expert Panel Validation 76
Data Definition 76
Oil and Gas Reserves 76
Units of Measure 77
About GlobalData 77
Disclosure 77
Disclaimer 77

List of Tables
Table 1: Suroco Energy Inc., Key Facts 7
Table 2: Suroco Energy Inc., Share Price Performance, Q1, 2013-Q1, 2014 8
Table 3: Suroco Energy Inc., Key Valuation Metrics, Q1, 2013-Q1, 2014 9
Table 4: Suroco Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2013-Q1, 2014 10
Table 5: Suroco Energy Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2013-Q1, 2014 11
Table 6: Suroco Energy Inc., Upstream Capital Expenditure, Q1, 2013-Q1, 2014 12
Table 7: Suroco Energy Inc., Total Crude Oil and Natural Gas, Production, Q1, 2013-Q1, 2014 13
Table 8: Suroco Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2013-Q1, 2014 14
Table 9: Suroco Energy Inc., Total Crude Oil Production, mmbbl, Q1, 2013-Q1, 2014 15
Table 10: Suroco Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2013-Q1, 2014 16
Table 11: Suroco Energy Inc., Share Price Performance, 2009-2013 17
Table 12: Suroco Energy Inc., Key Valuation Metrics, 2009-2013 18
Table 13: Suroco Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 19
Table 14: Suroco Energy Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 21
Table 15: Suroco Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 22
Table 16: Suroco Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 23
Table 17: Suroco Energy Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 25
Table 18: Suroco Energy Inc., Crude Oil Reserve Changes, mmbbl, 2009-2013 26
Table 19: Suroco Energy Inc., Oil and Gas Reserves Life Index, Years, 2009-2013 27
Table 20: Suroco Energy Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 29
Table 21: Suroco Energy Inc., Upstream Capital Expenditure, US$ mil, 2009-2013 30
Table 22: Suroco Energy Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 32
Table 23: Suroco Energy Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 34
Table 24: Suroco Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 35
Table 25: Suroco Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 38
Table 26: Suroco Energy Inc., Oil and Gas Production Replacement Ratio, %, 2009-2013 39
Table 27: Suroco Energy Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 43
Table 28: Suroco Energy Inc., Revenue and Expenses, US$ mil, 2009-2013 44
Table 29: Suroco Energy Inc., Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 49
Table 30: Suroco Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 50
Table 31: Suroco Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 54
Table 32: Suroco Energy Inc., Oil and Gas Performance Metrics, 2009-2013 55
Table 33: Suroco Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 56
Table 34: Suroco Energy Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 58
Table 35: Suroco Energy Inc., Producible Oil and Gas Wells, 2009-2013 59
Table 36: Suroco Energy Inc., Producible Oil and Gas Wells, By Country/Region, 2009-2013 62
Table 37: Suroco Energy Inc., Exploratory and Developed Wells, 2009-2013 63
Table 38: Suroco Energy Inc., Exploratory and Developed Wells, By Country/Region, 2009-2013 64

List of Figures
Figure 1: Suroco Energy Inc., Share Price Performance, CAD/Share, Q1, 2013-Q1, 2014 8
Figure 2: Suroco Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2013-Q1, 2014 9
Figure 3: Suroco Energy Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2013-Q1, 2014 10
Figure 4: Suroco Energy Inc., Upstream Capital Expenditure, US$ mil, Q1, 2013-Q1, 2014 12
Figure 5: Suroco Energy Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2013-Q1, 2014 13
Figure 6: Suroco Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2013-Q1, 2014 14
Figure 7: Suroco Energy Inc., Total Crude Oil Production, mmbbl, Q1, 2013-Q1, 2014 15
Figure 8: Suroco Energy Inc., Crude Oil Production, By Country/Region, mmbbl, Q1, 2013-Q1, 2014 16
Figure 9: Suroco Energy Inc., Share Price Performance, CAD/Share, 2009-2013 17
Figure 10: Suroco Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 18
Figure 11: Suroco Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 19
Figure 12: Suroco Energy Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 20
Figure 13: Suroco Energy Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 20
Figure 14: Suroco Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 22
Figure 15: Suroco Energy Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 23
Figure 16: Suroco Energy Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 24
Figure 17: Suroco Energy Inc., Oil Production, By Country/Region, mmbbl, 2009-2013 24
Figure 18: Suroco Energy Inc., Crude Oil Reserve Changes, mmbbl, 2013 26
Figure 19: Suroco Energy Inc., Oil and Gas Reserves Life Index, Years, 2009-2013 27
Figure 20: Suroco Energy Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 28
Figure 21: Suroco Energy Inc., Oil Reserve Life Index, By Country/Region, Years, 2009-2013 28
Figure 22: Suroco Energy Inc., Upstream Capital Expenditure, US$ mil, 2009-2013 30
Figure 23: Suroco Energy Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 31
Figure 24: Suroco Energy Inc., Development Costs, By Country/Region, US$ mil, 2009-2013 33
Figure 25: Suroco Energy Inc., Exploration Costs, By Country/Region, US$ mil, 2009-2013 33
Figure 26: Suroco Energy Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 35
Figure 27: Suroco Energy Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 37
Figure 28: Suroco Energy Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 37
Figure 29: Suroco Energy Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 38
Figure 30: Suroco Energy Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 39
Figure 31: Suroco Energy Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 41
Figure 32: Suroco Energy Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 41
Figure 33: Suroco Energy Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 42
Figure 34: Suroco Energy Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 42
Figure 35: Suroco Energy Inc., Revenue and Expenses, US$ mil, 2009-2013 44
Figure 36: Suroco Energy Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 45
Figure 37: Suroco Energy Inc., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 45
Figure 38: Suroco Energy Inc., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 46
Figure 39: Suroco Energy Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 46
Figure 40: Suroco Energy Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 47
Figure 41: Suroco Energy Inc., Production Costs, By Country/Region, US$ mil, 2009-2013 47
Figure 42: Suroco Energy Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 48
Figure 43: Suroco Energy Inc., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 50
Figure 44: Suroco Energy Inc., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 51
Figure 45: Suroco Energy Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 51
Figure 46: Suroco Energy Inc., Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 52
Figure 47: Suroco Energy Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 52
Figure 48: Suroco Energy Inc., Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 53
Figure 49: Suroco Energy Inc., Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 53
Figure 50: Suroco Energy Inc., Oil and Gas Performance Metrics, 2009-2013 55
Figure 51: Suroco Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 56
Figure 52: Suroco Energy Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 57
Figure 53: Suroco Energy Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 57
Figure 54: Suroco Energy Inc., Producible Oil and Gas Wells, 2009-2013 59
Figure 55: Suroco Energy Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 60
Figure 56: Suroco Energy Inc., Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 60
Figure 57: Suroco Energy Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 61
Figure 58: Suroco Energy Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 61
Figure 59: Suroco Energy Inc., Net Productive Oil Wells, By Country/Region, Number, 2009-2013 62
Figure 60: Suroco Energy Inc., Exploratory and Developed Wells, 2009-2013 63


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