Enerplus Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2016

 Published On: Aug, 2016 |    No of Pages: 98 |  Published By: GlobalData | Format: PDF
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Summary

Enerplus 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 8
Key Information 8
Company Overview 8
Enerplus Corporation, Valuation and Financial Data 9
Enerplus Corporation, Share Price Performance 9
Share Price Performance, Q1, 2015-Q1, 2016 9
Enerplus Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Enerplus Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q1, 2015-Q1, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2015-Q1, 2016 12
Enerplus Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Enerplus Corporation, Quarterly Production Trends 14
Enerplus Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q1, 2015-Q1, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 15
Enerplus Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2015-Q1, 2016 16
Crude Oil Production, By Country/Region, Q1, 2015-Q1, 2016 17
Enerplus Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2015-Q1, 2016 18
Natural Gas Production, By Country/Region, Q1, 2015-Q1, 2016 19
Enerplus Corporation, Valuation and Financial Data, 2011-2015 20
Enerplus Corporation, Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
Enerplus Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 23
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 26
Crude Oil Production and Reserves By Country/Region, 2011-2015 27
Crude Oil/Liquids Reserve Changes, 2011-2015 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2011-2015 30
Natural Gas Production and Reserves, By Country/Region, 2011-2015 31
Natural Gas Reserve Changes, 2011-2015 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 35
Enerplus Corporation, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2011-2015 37
Acquisition Costs By Country/Region, 2011-2015 38
Exploration and Development Costs, By Country/Region, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
Enerplus Corporation, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
Enerplus Corporation, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2011-2015 52
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2011-2015 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59
Oil and Gas Performance Metrics 63
Enerplus Corporation, Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2011-2015 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65
Well Statistics 67
Producible Oil and Gas Well, 2011-2015 67
Producible Oil and Gas Well, By Country/Region, 2011-2015 68
Exploration and Development Wells Drilled, 2011-2015 73
Recent Developments 74
Enerplus Corporation - Recent Developments 74
May 06, 2016: Enerplus Announces Strong First Quarter 2016 Results 74
Feb 19, 2016: Enerplus Announces Strong 2015 Results; Low Cost Reserves Additions And Reduced 2016 Budget And Dividend 77
Nov 09, 2015: Proppant And Fluid System In One Lowers Cost Per BOE 82
Nov 09, 2015: Fairmount Santrol: Propel SSP Proppant Transport Technology Increases Hydrocarbon Production 39% in a Six-Well Field Trial 83
Nov 06, 2015: Enerplus Announces Strong Third Quarter 2015 Results, A Reduction In The Monthly Dividend & 2016 Guidance 83
Sep 15, 2015: Enerplus Announces Appointment Of New Chief Financial Officer 86
Aug 07, 2015: Enerplus Announces Strong Second Quarter 2015 Results 87
Jun 10, 2015: Enerplus Continues Strong Operational Performance - Updates 2015 Production And Capital Spending Guidance 89
May 08, 2015: Enerplus Building Momentum with Strong Operational First Quarter 2015 Results 90
May 07, 2015: Enerplus Building Momentum With Strong Operational First Quarter 2015 Results 93
Appendix 96
Methodology 96
Coverage 96
Secondary Research 96
Primary Research 96
Data Information Sources 97
Company Source 97
SEC/Other Regulatory Filings 97
Other Sources 97
Expert Panel Validation 97
Data Definition 97
Oil and Gas Reserves 97
Units of Measure 98
About GlobalData 98
Disclosure 98
Disclaimer 98

List of Tables
Table 1: Enerplus Corporation, Key Facts 8
Table 2: Enerplus Corporation, Share Price Performance, Q1, 2015-Q1, 2016 9
Table 3: Enerplus Corporation, Key Valuation Metrics, Q1, 2015-Q1, 2016 10
Table 4: Enerplus Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Table 5: Enerplus Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2015-Q1, 2016 12
Table 6: Enerplus Corporation, Upstream Capital Expenditure, Q1, 2015-Q1, 2016 13
Table 7: Enerplus Corporation, Total Crude Oil and Natural Gas, Production, Q1, 2015-Q1, 2016 14
Table 8: Enerplus Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Table 9: Enerplus Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Table 10: Enerplus Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Table 11: Enerplus Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Table 12: Enerplus Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Table 13: Enerplus Corporation, Share Price Performance, 2011-2015 20
Table 14: Enerplus Corporation, Key Valuation Metrics, 2011-2015 21
Table 15: Enerplus Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Table 16: Enerplus Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 24
Table 17: Enerplus Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 25
Table 18: Enerplus Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Table 19: Enerplus Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 28
Table 20: Enerplus Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 29
Table 21: Enerplus Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Table 22: Enerplus Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 32
Table 23: Enerplus Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 33
Table 24: Enerplus Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 34
Table 25: Enerplus Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 36
Table 26: Enerplus Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 37
Table 27: Enerplus Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 28: Enerplus Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: Enerplus Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: Enerplus Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: Enerplus Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Table 32: Enerplus Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: Enerplus Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: Enerplus Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57
Table 35: Enerplus Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Table 36: Enerplus Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62
Table 37: Enerplus Corporation, Oil and Gas Performance Metrics, 2011-2015 63
Table 38: Enerplus Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Table 39: Enerplus Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 66
Table 40: Enerplus Corporation, Producible Oil and Gas Wells, 2011-2015 67
Table 41: Enerplus Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 72
Table 42: Enerplus Corporation, Exploratory and Developed Wells, 2011-2015 73

List of Figures
Figure 1: Enerplus Corporation, Share Price Performance, CAD/Share, Q1, 2015-Q1, 2016 9
Figure 2: Enerplus Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2015-Q1, 2016 10
Figure 3: Enerplus Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2015-Q1, 2016 11
Figure 4: Enerplus Corporation, Upstream Capital Expenditure, US$ mil, Q1, 2015-Q1, 2016 13
Figure 5: Enerplus Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2015-Q1, 2016 14
Figure 6: Enerplus Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2015-Q1, 2016 15
Figure 7: Enerplus Corporation, Total Crude Oil Production, mmbbl, Q1, 2015-Q1, 2016 16
Figure 8: Enerplus Corporation, Crude Oil Production, By Country/Region, mmbbl, Q1, 2015-Q1, 2016 17
Figure 9: Enerplus Corporation, Total Natural Gas Production, bcf, Q1, 2015-Q1, 2016 18
Figure 10: Enerplus Corporation, Natural Gas Production, By Country/Region, bcf, Q1, 2015-Q1, 2016 19
Figure 11: Enerplus Corporation, Share Price Performance, CAD/Share, 2011-2015 20
Figure 12: Enerplus Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: Enerplus Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: Enerplus Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 23
Figure 15: Enerplus Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 23
Figure 16: Enerplus Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 25
Figure 17: Enerplus Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 26
Figure 18: Enerplus Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 27
Figure 19: Enerplus Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 27
Figure 20: Enerplus Corporation, Crude Oil Reserve Changes, mmbbl, 2015 29
Figure 21: Enerplus Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 30
Figure 22: Enerplus Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 31
Figure 23: Enerplus Corporation, Gas Production, By Country/Region, bcf, 2011-2015 31
Figure 24: Enerplus Corporation, Natural Gas Reserve Changes, bcf, 2015 33
Figure 25: Enerplus Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 34
Figure 26: Enerplus Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 27: Enerplus Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 35
Figure 28: Enerplus Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 29: Enerplus Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 37
Figure 30: Enerplus Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 31: Enerplus Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 32: Enerplus Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 33: Enerplus Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 34: Enerplus Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 35: Enerplus Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: Enerplus Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 37: Enerplus Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 38: Enerplus Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 39: Enerplus Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: Enerplus Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 41: Enerplus Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: Enerplus Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 43: Enerplus Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: Enerplus Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 45: Enerplus Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Figure 46: Enerplus Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 47: Enerplus Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 48: Enerplus Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 49: Enerplus Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 54
Figure 50: Enerplus Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 51: Enerplus Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 55
Figure 52: Enerplus Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 53: Enerplus Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Figure 54: Enerplus Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 55: Enerplus Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 56: Enerplus Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 57: Enerplus Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 58: Enerplus Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 59: Enerplus Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 60: Enerplus Corporation, Oil and Gas Performance Metrics, 2011-2015 63
Figure 61: Enerplus Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Figure 62: Enerplus Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 63: Enerplus Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 64: Enerplus Corporation, Producible Oil and Gas Wells, 2011-2015 67
Figure 65: Enerplus Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 66: Enerplus Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 67: Enerplus Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 69
Figure 68: Enerplus Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 69
Figure 69: Enerplus Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 70: Enerplus Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 71: Enerplus Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 71
Figure 72: Enerplus Corporation, Exploratory and Developed Wells, 2011-2015 73


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