Forest Oil Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014

 Published On: Nov, 2014 |    No of Pages: 92 |  Published By: GlobalData | Format: PDF
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Summary

Forest Oil Corporation (Forest Oil) is an independent oil and gas company. The company carries out the acquisition, exploration, development, production and marketing of natural gas and crude oil. The company focuses on increasing its production through exploiting diversified undeveloped acreage positions. Forest Oil‘s core areas of operations include the Texas Panhandle, the Eagle Ford Shale, South Texas and East Texas or North Louisiana Area. Forest has estimated proved reserves and producing properties in various states of the US including Arkansas, Louisiana, Texas, Utah, Oklahoma and Wyoming. The company has operational presence in the US, South Africa and Italy. Forest Oil is headquartered in Denver, Colorado, the US

Forest Oil 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 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 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
Forest Oil Corporation, Valuation and Financial Data 9
Forest Oil Corporation, Share Price Performance 9
Share Price Performance, Q3, 2013-Q3, 2014 9
Forest Oil Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Forest Oil Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q3, 2013-Q3, 2014 11
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2013-Q3, 2014 12
Forest Oil Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Forest Oil Corporation, Quarterly Production Trends 14
Forest Oil Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 15
Forest Oil Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 16
Crude Oil Production, By Country/Region, Q3, 2013-Q3, 2014 17
Forest Oil Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q3, 2013-Q3, 2014 18
Natural Gas Production, By Country/Region, Q3, 2013-Q3, 2014 19
Forest Oil Corporation, Valuation and Financial Data, 2009-2013 20
Forest Oil Corporation, Share Price Performance, 2009-2013 20
Share Price Performance, 2009-2013 20
Key Valuation Metrics, 2009-2013 21
Forest Oil Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 24
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 27
Crude Oil Production and Reserves By Country/Region, 2009-2013 28
Crude Oil/Liquids Reserve Changes, 2009-2013 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2009-2013 31
Natural Gas Production and Reserves, By Country/Region, 2009-2013 32
Natural Gas Reserve Changes, 2009-2013 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 36
Forest Oil Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2009-2013 38
Acquisition Costs By Country/Region, 2009-2013 39
Exploration and Development Costs, By Country/Region, 2009-2013 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2009-2013 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 44
Forest Oil Corporation, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2009-2013 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 48
Forest Oil Corporation, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2009-2013 52
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 53
Oil and Gas Revenue and Expenses, Per boe 57
Oil and Gas Revenue and Expenses, By boe, 2009-2013 57
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 58
Oil and Gas Performance Metrics 62
Forest Oil Corporation, Land Holdings and Well Data 63
Developed and Undeveloped Acreage 63
Gross and Net Developed and Undeveloped Acreage, 2009-2013 63
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 64
Well Statistics 67
Producible Oil and Gas Well, 2009-2013 67
Producible Oil and Gas Well, By Country/Region, 2009-2013 68
Exploration and Development Wells Drilled, 2009-2013 73
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 74
Recent Developments 75
Forest Oil Corporation - Recent Developments 75
Nov 10, 2014: Forest Oil Announces Third Quarter 2014 Results 75
Oct 02, 2014: Forest Oil Announces Completion of Audit Procedures 76
Aug 11, 2014: Forest Oil Announces Second Quarter 2014 Results 77
May 06, 2014: Forest Oil Announces First Quarter 2014 Results 79
Mar 31, 2014: Forest Oil Announces Update To Credit Facility 81
Feb 25, 2014: Forest Oil Announces Fourth Quarter and Year-End 2013 Results 81
Dec 02, 2013: Forest Oil Announces 2014 Capital Budget and Guidance 83
Nov 04, 2013: Forest Oil Announces Third Quarter 2013 Results 85
Oct 21, 2013: Forest Oil Announces Third Quarter 2013 Earnings Release Date and Teleconference 87
Aug 06, 2013: Forest Oil Announces Second Quarter 2013 Results 87
Appendix 90
Methodology 90
Coverage 90
Secondary Research 90
Primary Research 90
Data Information Sources 91
Company Source 91
SEC/Other Regulatory Filings 91
Other Sources 91
Expert Panel Validation 91
Data Definition 91
Oil and Gas Reserves 91
Units of Measure 92
About GlobalData 92
Disclosure 92
Disclaimer 92

List of Tables
Table 1: Forest Oil Corporation, Key Facts 8
Table 2: Forest Oil Corporation, Share Price Performance, Q3, 2013-Q3, 2014 9
Table 3: Forest Oil Corporation, Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Table 4: Forest Oil Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Table 5: Forest Oil Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 12
Table 6: Forest Oil Corporation, Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Table 7: Forest Oil Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 14
Table 8: Forest Oil Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Table 9: Forest Oil Corporation, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Table 10: Forest Oil Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Table 11: Forest Oil Corporation, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Table 12: Forest Oil Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Table 13: Forest Oil Corporation, Share Price Performance, 2009-2013 20
Table 14: Forest Oil Corporation, Key Valuation Metrics, 2009-2013 21
Table 15: Forest Oil Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 23
Table 16: Forest Oil Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 25
Table 17: Forest Oil Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 26
Table 18: Forest Oil Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Table 19: Forest Oil Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 29
Table 20: Forest Oil Corporation, Crude Oil Reserve Changes, mmbbl, 2009-2013 30
Table 21: Forest Oil Corporation, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Table 22: Forest Oil Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 33
Table 23: Forest Oil Corporation, Natural Gas Reserve Changes, bcf, 2009-2013 34
Table 24: Forest Oil Corporation, Oil and Gas Reserves Life Index, Years, 2009-2013 35
Table 25: Forest Oil Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 37
Table 26: Forest Oil Corporation, Upstream Capital Expenditure, US$ mil, 2009-2013 38
Table 27: Forest Oil Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Table 28: Forest Oil Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 41
Table 29: Forest Oil Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 42
Table 30: Forest Oil Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 45
Table 31: Forest Oil Corporation, Oil and Gas Production Replacement Ratio, %, 2009-2013 46
Table 32: Forest Oil Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 51
Table 33: Forest Oil Corporation, Revenue and Expenses, US$ mil, 2009-2013 52
Table 34: Forest Oil Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 56
Table 35: Forest Oil Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 57
Table 36: Forest Oil Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 61
Table 37: Forest Oil Corporation, Oil and Gas Performance Metrics, 2009-2013 62
Table 38: Forest Oil Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 63
Table 39: Forest Oil Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 66
Table 40: Forest Oil Corporation, Producible Oil and Gas Wells, 2009-2013 67
Table 41: Forest Oil Corporation, Producible Oil and Gas Wells, By Country/Region, 2009-2013 72
Table 42: Forest Oil Corporation, Exploratory and Developed Wells, 2009-2013 73
Table 43: Forest Oil Corporation, Exploratory and Developed Wells, By Country/Region, 2009-2013 74

List of Figures
Figure 1: Forest Oil Corporation, Share Price Performance, USD/Share, Q3, 2013-Q3, 2014 9
Figure 2: Forest Oil Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 10
Figure 3: Forest Oil Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Figure 4: Forest Oil Corporation, Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 13
Figure 5: Forest Oil Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 14
Figure 6: Forest Oil Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Figure 7: Forest Oil Corporation, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Figure 8: Forest Oil Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Figure 9: Forest Oil Corporation, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Figure 10: Forest Oil Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Figure 11: Forest Oil Corporation, Share Price Performance, USD/Share, 2009-2013 20
Figure 12: Forest Oil Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 21
Figure 13: Forest Oil Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 22
Figure 14: Forest Oil Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 24
Figure 15: Forest Oil Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 24
Figure 16: Forest Oil Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 26
Figure 17: Forest Oil Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Figure 18: Forest Oil Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 28
Figure 19: Forest Oil Corporation, Oil Production, By Country/Region, mmbbl, 2009-2013 28
Figure 20: Forest Oil Corporation, Crude Oil Reserve Changes, mmbbl, 2013 30
Figure 21: Forest Oil Corporation, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Figure 22: Forest Oil Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2009-2013 32
Figure 23: Forest Oil Corporation, Gas Production, By Country/Region, bcf, 2009-2013 32
Figure 24: Forest Oil Corporation, Natural Gas Reserve Changes, bcf, 2013 34
Figure 25: Forest Oil Corporation, Oil and Gas Reserves Life Index, Years, 2009-2013 35
Figure 26: Forest Oil Corporation, Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 27: Forest Oil Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 28: Forest Oil Corporation, Oil Reserve Life Index, By Country/Region, Years, 2009-2013 37
Figure 29: Forest Oil Corporation, Upstream Capital Expenditure, US$ mil, 2009-2013 38
Figure 31: Forest Oil Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Figure 32: Forest Oil Corporation, Development Costs, By Country/Region, US$ mil, 2009-2013 40
Figure 33: Forest Oil Corporation, Exploration Costs, By Country/Region, US$ mil, 2009-2013 40
Figure 34: Forest Oil Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 42
Figure 35: Forest Oil Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2009-2013 44
Figure 36: Forest Oil Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/Boe, 2009-2013 44
Figure 39: Forest Oil Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 46
Figure 40: Forest Oil Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 48
Figure 41: Forest Oil Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 48
Figure 42: Forest Oil Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 49
Figure 43: Forest Oil Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 49
Figure 44: Forest Oil Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 50
Figure 45: Forest Oil Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 50
Figure 46: Forest Oil Corporation, Revenue and Expenses, US$ mil, 2009-2013 52
Figure 47: Forest Oil Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 48: Forest Oil Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 49: Forest Oil Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 54
Figure 50: Forest Oil Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 54
Figure 51: Forest Oil Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 55
Figure 52: Forest Oil Corporation, Production Costs, By Country/Region, US$ mil, 2009-2013 55
Figure 53: Forest Oil Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 56
Figure 54: Forest Oil Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 57
Figure 55: Forest Oil Corporation, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2009-2013 58
Figure 56: Forest Oil Corporation, Lifting Cost per boe, By Country/Region, $/boe, 2009-2013 58
Figure 57: Forest Oil Corporation, Annual Net Income per boe, By Country/Region, $/boe, 2009-2013 59
Figure 58: Forest Oil Corporation, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2009-2013 59
Figure 59: Forest Oil Corporation, Total DD&A per boe, By Country/Region, $/boe, 2009-2013 60
Figure 60: Forest Oil Corporation, Total Revenue per boe, By Country/Region, $/boe, 2009-2013 60
Figure 61: Forest Oil Corporation, Oil and Gas Performance Metrics, 2009-2013 62
Figure 62: Forest Oil Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 63
Figure 63: Forest Oil Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 64
Figure 64: Forest Oil Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 64
Figure 65: Forest Oil Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2009-2013 65
Figure 66: Forest Oil Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2009-2013 65
Figure 67: Forest Oil Corporation, Producible Oil and Gas Wells, 2009-2013 67
Figure 68: Forest Oil Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2009-2013 68
Figure 69: Forest Oil Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 68
Figure 70: Forest Oil Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 69
Figure 71: Forest Oil Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 69
Figure 72: Forest Oil Corporation, Net Productive Gas Wells, By Country/Region, Number, 2009-2013 70
Figure 73: Forest Oil Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 70
Figure 74: Forest Oil Corporation, Net Productive Oil Wells, By Country/Region, Number, 2009-2013 71
Figure 75: Forest Oil Corporation, Exploratory and Developed Wells, 2009-2013 73


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