Chesapeake Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2016

 Published On: Jun, 2017 |    No of Pages: 91 |  Published By: GlobalData | Format: PDF
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Summary

Chesapeake Energy Corporation (Chesapeake) is an upstream oil and gas company. The company explores develops and produces oil and gas from its assets. It has liquid operations in Eagle Ford Shale; the Utica Shale; the Granite Wash, Cleveland, Tonkawa and Mississippian Lime plays in the Anadarko Basin; and in the Powder River Basin. The company's natural gas operations are in the Haynesville and Bossier Shales; and the Marcellus Shale in Appalachian Basin. It also owns oil and natural gas marketing and natural gas gathering and compression businesses. Chesapeake is headquartered in Oklahoma City, Oklahoma the US.

Chesapeake Energy Corporation 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
Chesapeake Energy Corporation, Valuation and Financial Data 8
Chesapeake Energy Corporation, Share Price Performance 8
Share Price Performance, Q4, 2015-Q4, 2016 8
Chesapeake Energy Corporation, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Chesapeake Energy Corporation, 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
Chesapeake Energy Corporation, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Chesapeake Energy Corporation, Quarterly Production Trends 13
Chesapeake Energy Corporation, 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 15
Chesapeake Energy Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q4, 2015-Q4, 2016 16
Crude Oil Production, By Country/Region, Q4, 2015-Q4, 2016 17
Chesapeake Energy Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q4, 2015-Q4, 2016 18
Natural Gas Production, By Country/Region, Q4, 2015-Q4, 2016 19
Chesapeake Energy Corporation, Valuation and Financial Data, 2012-2016 20
Chesapeake Energy Corporation, Share Price Performance, 2012-2016 20
Share Price Performance, 2012-2016 20
Key Valuation Metrics, 2012-2016 21
Chesapeake Energy Corporation, 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 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2012-2016 27
Crude Oil Production and Reserves By Country/Region, 2012-2016 28
Crude Oil/Liquids Reserve Changes, 2012-2016 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2012-2016 31
Natural Gas Production and Reserves, By Country/Region, 2012-2016 32
Natural Gas Reserve Changes, 2012-2016 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2012-2016 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2012-2016 36
Chesapeake Energy Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2012-2016 38
Acquisition Costs By Country/Region, 2012-2016 40
Exploration and Development Costs, By Country/Region, 2012-2016 42
Oil and Gas Cost Per boe, US$/boe 44
Oil and Gas Cost Per boe, US$/boe, 2012-2016 44
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2012-2016 46
Chesapeake Energy Corporation, Reserve Replacement Ratio 48
Oil and Gas Production Replacement Ratio 48
Oil and Gas Production Replacement Ratio, 2012-2016 48
Oil and Gas Production Replacement Ratio, By Country/Region, 2012-2016 51
Chesapeake Energy Corporation, 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, By Country/Region, 2012-2016 57
Oil and Gas Revenue and Expenses, Per boe 60
Oil and Gas Revenue and Expenses, By boe, 2012-2016 60
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2012-2016 61
Oil and Gas Performance Metrics 64
Chesapeake Energy Corporation, Land Holdings and Well Data 65
Developed and Undeveloped Acreage 65
Gross and Net Developed and Undeveloped Acreage, 2012-2016 65
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2012-2016 66
Well Statistics 69
Producible Oil and Gas Well, 2012-2016 69
Producible Oil and Gas Well, By Country/Region, 2012-2016 70
Exploration and Development Wells Drilled, 2012-2016 74
Exploration and Development Wells Drilled, By Country/Region, 2012-2016 76
Recent Developments 77
Chesapeake Energy Corporation - Recent Developments 77
May 04, 2017: Chesapeake Energy Reports 2017 First Quarter Financial And Operational Results 77
Apr 25, 2017: Magnolia Petroleum Increase In Value Of Reserves 79
Apr 12, 2017: New U.S. Pipelines To Drive Natural Gas Boom As Exports Surge 80
Mar 22, 2017: Rystad Energy Utica Production Declines In 4Q 2016, But Early 2017 Recovery Seems Realistic 80
Feb 23, 2017: Chesapeake Energy Reports 2016 Full Year And Fourth Quarter Financial And Operational Results 81
Feb 14, 2017: Chesapeake Energy Provides 2017 Guidance And Operational Update 84
Dec 15, 2016: Chesapeake Energy Announces Appointment Of Luke R. Corbett To Board Of Directors 85
Dec 02, 2016: Chesapeake Energy Corporation Announces Changes To Board Of Directors 86
Dec 02, 2016: Chesapeake Energy appoints new board member 86
Nov 03, 2016: Williams Partners Completes The Execution Of New Agreements In Barnett Shale 87
Appendix 88
Methodology 88
Coverage 88
Secondary Research 88
Primary Research 89
Data Information Sources 89
Company Source 89
SEC/Other Regulatory Filings 89
Other Sources 89
Expert Panel Validation 89
Data Definition 90
Oil and Gas Reserves 90
Units of Measure 90
About GlobalData 91
Disclosure 91
Disclaimer 91

List of Tables
Table 1: Chesapeake Energy Corporation, Key Facts 7
Table 2: Chesapeake Energy Corporation, Share Price Performance, Q4, 2015-Q4, 2016 8
Table 3: Chesapeake Energy Corporation, Key Valuation Metrics, Q4, 2015-Q4, 2016 9
Table 4: Chesapeake Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Table 5: Chesapeake Energy Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2015-Q4, 2016 11
Table 6: Chesapeake Energy Corporation, Upstream Capital Expenditure, Q4, 2015-Q4, 2016 12
Table 7: Chesapeake Energy Corporation, Total Crude Oil and Natural Gas, Production, Q4, 2015-Q4, 2016 14
Table 8: Chesapeake Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 15
Table 9: Chesapeake Energy Corporation, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 16
Table 10: Chesapeake Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 17
Table 11: Chesapeake Energy Corporation, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 18
Table 12: Chesapeake Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 19
Table 13: Chesapeake Energy Corporation, Share Price Performance, 2012-2016 20
Table 14: Chesapeake Energy Corporation, Key Valuation Metrics, 2012-2016 21
Table 15: Chesapeake Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 23
Table 16: Chesapeake Energy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2012-2016 25
Table 17: Chesapeake Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2012-2016 26
Table 18: Chesapeake Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Table 19: Chesapeake Energy Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2012-2016 29
Table 20: Chesapeake Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2012-2016 30
Table 21: Chesapeake Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Table 22: Chesapeake Energy Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2012-2016 33
Table 23: Chesapeake Energy Corporation, Natural Gas Reserve Changes, bcf, 2012-2016 34
Table 24: Chesapeake Energy Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Table 25: Chesapeake Energy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2012-2016 37
Table 26: Chesapeake Energy Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 39
Table 27: Chesapeake Energy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 41
Table 28: Chesapeake Energy Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2012-2016 43
Table 29: Chesapeake Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 45
Table 30: Chesapeake Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2012-2016 47
Table 31: Chesapeake Energy Corporation, Oil and Gas Production Replacement Ratio, %, 2012-2016 49
Table 32: Chesapeake Energy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2012-2016 54
Table 33: Chesapeake Energy Corporation, Revenue and Expenses, US$ mil, 2012-2016 56
Table 34: Chesapeake Energy Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2012-2016 59
Table 35: Chesapeake Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 60
Table 36: Chesapeake Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2012-2016 63
Table 37: Chesapeake Energy Corporation, Oil and Gas Performance Metrics, 2012-2016 64
Table 38: Chesapeake Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 65
Table 39: Chesapeake Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2012-2016 68
Table 40: Chesapeake Energy Corporation, Producible Oil and Gas Wells, 2012-2016 69
Table 41: Chesapeake Energy Corporation, Producible Oil and Gas Wells, By Country/Region, 2012-2016 73
Table 42: Chesapeake Energy Corporation, Exploratory and Developed Wells, 2012-2016 75
Table 43: Chesapeake Energy Corporation, Exploratory and Developed Wells, By Country/Region, 2012-2016 76

List of Figures
Figure 1: Chesapeake Energy Corporation, Share Price Performance, USD/Share, Q4, 2015-Q4, 2016 8
Figure 2: Chesapeake Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2015-Q4, 2016 9
Figure 3: Chesapeake Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2015-Q4, 2016 10
Figure 4: Chesapeake Energy Corporation, Upstream Capital Expenditure, US$ mil, Q4, 2015-Q4, 2016 12
Figure 5: Chesapeake Energy Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2015-Q4, 2016 13
Figure 6: Chesapeake Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2015-Q4, 2016 15
Figure 7: Chesapeake Energy Corporation, Total Crude Oil Production, mmbbl, Q4, 2015-Q4, 2016 16
Figure 8: Chesapeake Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q4, 2015-Q4, 2016 17
Figure 9: Chesapeake Energy Corporation, Total Natural Gas Production, bcf, Q4, 2015-Q4, 2016 18
Figure 10: Chesapeake Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q4, 2015-Q4, 2016 19
Figure 11: Chesapeake Energy Corporation, Share Price Performance, USD/Share, 2012-2016 20
Figure 12: Chesapeake Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2012-2016 21
Figure 13: Chesapeake Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2012-2016 22
Figure 14: Chesapeake Energy Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2012-2016 24
Figure 15: Chesapeake Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2012-2016 24
Figure 16: Chesapeake Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2016 26
Figure 17: Chesapeake Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2012-2016 27
Figure 18: Chesapeake Energy Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2012-2016 28
Figure 19: Chesapeake Energy Corporation, Oil Production, By Country/Region, mmbbl, 2012-2016 28
Figure 20: Chesapeake Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2016 30
Figure 21: Chesapeake Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2012-2016 31
Figure 22: Chesapeake Energy Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2012-2016 32
Figure 23: Chesapeake Energy Corporation, Gas Production, By Country/Region, bcf, 2012-2016 32
Figure 24: Chesapeake Energy Corporation, Natural Gas Reserve Changes, bcf, 2016 34
Figure 25: Chesapeake Energy Corporation, Oil and Gas Reserves Life Index, Years, 2012-2016 35
Figure 26: Chesapeake Energy Corporation, Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 36
Figure 27: Chesapeake Energy Corporation, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2012-2016 36
Figure 28: Chesapeake Energy Corporation, Oil Reserve Life Index, By Country/Region, Ratio, 2012-2016 37
Figure 29: Chesapeake Energy Corporation, Upstream Capital Expenditure, US$ mil, 2012-2016 38
Figure 30: Chesapeake Energy Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 31: Chesapeake Energy Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2012-2016 40
Figure 32: Chesapeake Energy Corporation, Development Costs, By Country/Region, US$ mil, 2012-2016 42
Figure 33: Chesapeake Energy Corporation, Exploration Costs, By Country/Region, US$ mil, 2012-2016 42
Figure 34: Chesapeake Energy Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2012-2016 44
Figure 35: Chesapeake Energy Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 46
Figure 36: Chesapeake Energy Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2012-2016 46
Figure 37: Chesapeake Energy Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2012-2016 47
Figure 38: Chesapeake Energy Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2012-2016 48
Figure 39: Chesapeake Energy Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2012-2016 51
Figure 40: Chesapeake Energy Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2012-2016 51
Figure 41: Chesapeake Energy Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2012-2016 52
Figure 42: Chesapeake Energy Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2012-2016 52
Figure 43: Chesapeake Energy Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2012-2016 53
Figure 44: Chesapeake Energy Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2012-2016 53
Figure 45: Chesapeake Energy Corporation, Revenue and Expenses, US$ mil, 2012-2016 55
Figure 46: Chesapeake Energy Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 57
Figure 47: Chesapeake Energy Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2012-2016 57
Figure 48: Chesapeake Energy Corporation, Production Costs, By Country/Region, US$ mil, 2012-2016 58
Figure 49: Chesapeake Energy Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2012-2016 58
Figure 50: Chesapeake Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2012-2016 60
Figure 51: Chesapeake Energy Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2012-2016 61
Figure 52: Chesapeake Energy Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2012-2016 61
Figure 53: Chesapeake Energy Corporation, Total DD&A per boe, By Country/Region, $/boe, 2012-2016 62
Figure 54: Chesapeake Energy Corporation, Total Revenue per boe, By Country/Region, $/boe, 2012-2016 62
Figure 55: Chesapeake Energy Corporation, Oil and Gas Performance Metrics, 2012-2016 64
Figure 56: Chesapeake Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2012-2016 65
Figure 57: Chesapeake Energy Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2012-2016 66
Figure 58: Chesapeake Energy Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2012-2016 66
Figure 59: Chesapeake Energy Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2012-2016 67
Figure 60: Chesapeake Energy Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2012-2016 67
Figure 61: Chesapeake Energy Corporation, Producible Oil and Gas Wells, 2012-2016 69
Figure 62: Chesapeake Energy Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2012-2016 70
Figure 63: Chesapeake Energy Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 70
Figure 64: Chesapeake Energy Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2012-2016 71
Figure 65: Chesapeake Energy Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2012-2016 71
Figure 66: Chesapeake Energy Corporation, Net Productive Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 67: Chesapeake Energy Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2012-2016 72
Figure 68: Chesapeake Energy Corporation, Net Productive Oil Wells, By Country/Region, Number, 2012-2016 73
Figure 69: Chesapeake Energy Corporation, Exploratory and Developed Wells, 2012-2016 74


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