Long Run Exploration Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2015

 Published On: Nov, 2015 |    No of Pages: 98 |  Published By: GlobalData | Format: PDF
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Summary

Long Run Exploration Ltd. 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
Long Run Exploration Ltd., Valuation and Financial Data 9
Long Run Exploration Ltd., Share Price Performance 9
Share Price Performance, Q1, 2014-Q1, 2015 9
Long Run Exploration Ltd., Key Valuation Metrics 10
Key Valuation Metrics, Q1, 2014-Q1, 2015 10
Long Run Exploration Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q1, 2014-Q1, 2015 11
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2014-Q1, 2015 12
Long Run Exploration Ltd., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q1, 2014-Q1, 2015 13
Long Run Exploration Ltd., Quarterly Production Trends 14
Long Run Exploration Ltd., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q1, 2014-Q1, 2015 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2014-Q1, 2015 15
Long Run Exploration Ltd., Crude Oil Production 16
Total Crude Oil Production Trend, Q1, 2014-Q1, 2015 16
Crude Oil Production, By Country/Region, Q1, 2014-Q1, 2015 17
Long Run Exploration Ltd., Natural Gas Production 18
Total Natural Gas Production Trend, Q1, 2014-Q1, 2015 18
Natural Gas Production, By Country/Region, Q1, 2014-Q1, 2015 19
Long Run Exploration Ltd., Valuation and Financial Data, 2010-2014 20
Long Run Exploration Ltd., Share Price Performance, 2010-2014 20
Share Price Performance, 2010-2014 20
Key Valuation Metrics, 2010-2014 21
Long Run Exploration Ltd., Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 24
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 27
Crude Oil Production and Reserves By Country/Region, 2010-2014 28
Crude Oil/Liquids Reserve Changes, 2010-2014 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2010-2014 31
Natural Gas Production and Reserves, By Country/Region, 2010-2014 32
Natural Gas Reserve Changes, 2010-2014 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 36
Long Run Exploration Ltd., E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2010-2014 38
Acquisition Costs By Country/Region, 2010-2014 39
Exploration and Development Costs, By Country/Region, 2010-2014 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2010-2014 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 45
Long Run Exploration Ltd., Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2010-2014 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 49
Long Run Exploration Ltd., Results of Oil & Gas Operations Trend 53
Oil and Gas Revenue and Expenses 53
Oil and Gas Revenue and Expenses, 2010-2014 53
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 55
Oil and Gas Revenue and Expenses, Per boe 60
Oil and Gas Revenue and Expenses, By boe, 2010-2014 60
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 61
Oil and Gas Performance Metrics 65
Long Run Exploration Ltd., Land Holdings and Well Data 66
Developed and Undeveloped Acreage 66
Gross and Net Developed and Undeveloped Acreage, 2010-2014 66
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 67
Well Statistics 70
Producible Oil and Gas Well, 2010-2014 70
Producible Oil and Gas Well, By Country/Region, 2010-2014 71
Exploration and Development Wells Drilled, 2010-2014 75
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 77
Recent Developments 78
Long Run Exploration Ltd. - Recent Developments 78
Nov 16, 2015: Long Run Exploration Announces 2015 Third Quarter Results 78
Aug 13, 2015: Long Run Exploration Announces Temporary Production Reduction As A Result Of The Alliance Pipeline Shutdown 81
Jul 29, 2015: Long Run Exploration Announces 2015 Second Quarter Results 81
Jun 01, 2015: Long Run Exploration Announces Amendments To Bank Credit Facilities 83
May 06, 2015: Long Run Exploration Announces 2015 First Quarter Results 84
Mar 04, 2015: Long Run Exploration Announces Reserves, Financial and Operating Results For The Year Ended December 31, 2014 86
Feb 09, 2015: Long Run Exploration Announces Revised 2015 Capital Budget, Suspension Of Dividend And Update On Operations 90
Jan 15, 2015: Long Run Exploration Announces January Dividend 92
Dec 15, 2014: Long Run Exploration Announces December Dividend 92
Dec 15, 2014: Long Run Exploration Announces Its 2015 Budget And Intention To Maintain Its Long Term Strategic Plan As A Sustainable Dividend Paying Mid-Size Oil And Gas Company 92
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: Long Run Exploration Ltd., Key Facts 8
Table 2: Long Run Exploration Ltd., Share Price Performance, Q1, 2014-Q1, 2015 9
Table 3: Long Run Exploration Ltd., Key Valuation Metrics, Q1, 2014-Q1, 2015 10
Table 4: Long Run Exploration Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 11
Table 5: Long Run Exploration Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2014-Q1, 2015 12
Table 6: Long Run Exploration Ltd., Upstream Capital Expenditure, Q1, 2014-Q1, 2015 13
Table 7: Long Run Exploration Ltd., Total Crude Oil and Natural Gas, Production, Q1, 2014-Q1, 2015 14
Table 8: Long Run Exploration Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2014-Q1, 2015 15
Table 9: Long Run Exploration Ltd., Total Crude Oil Production, mmbbl, Q1, 2014-Q1, 2015 16
Table 10: Long Run Exploration Ltd., Crude Oil Production, By Country/Region, mmbbl, Q1, 2014-Q1, 2015 17
Table 11: Long Run Exploration Ltd., Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 18
Table 12: Long Run Exploration Ltd., Natural Gas Production, By Country/Region, bcf, Q1, 2014-Q1, 2015 19
Table 13: Long Run Exploration Ltd., Share Price Performance, 2010-2014 20
Table 14: Long Run Exploration Ltd., Key Valuation Metrics, 2010-2014 21
Table 15: Long Run Exploration Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 23
Table 16: Long Run Exploration Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 25
Table 17: Long Run Exploration Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 26
Table 18: Long Run Exploration Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Table 19: Long Run Exploration Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 29
Table 20: Long Run Exploration Ltd., Crude Oil Reserve Changes, mmbbl, 2010-2014 30
Table 21: Long Run Exploration Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Table 22: Long Run Exploration Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 33
Table 23: Long Run Exploration Ltd., Natural Gas Reserve Changes, bcf, 2010-2014 34
Table 24: Long Run Exploration Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 35
Table 25: Long Run Exploration Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 37
Table 26: Long Run Exploration Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 38
Table 27: Long Run Exploration Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 40
Table 28: Long Run Exploration Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 42
Table 29: Long Run Exploration Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 44
Table 30: Long Run Exploration Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 46
Table 31: Long Run Exploration Ltd., Oil and Gas Production Replacement Ratio, %, 2010-2014 48
Table 32: Long Run Exploration Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 52
Table 33: Long Run Exploration Ltd., Revenue and Expenses, US$ mil, 2010-2014 54
Table 34: Long Run Exploration Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 59
Table 35: Long Run Exploration Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 60
Table 36: Long Run Exploration Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 64
Table 37: Long Run Exploration Ltd., Oil and Gas Performance Metrics, 2010-2014 65
Table 38: Long Run Exploration Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 66
Table 39: Long Run Exploration Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 69
Table 40: Long Run Exploration Ltd., Producible Oil and Gas Wells, 2010-2014 70
Table 41: Long Run Exploration Ltd., Producible Oil and Gas Wells, By Country/Region, 2010-2014 74
Table 42: Long Run Exploration Ltd., Exploratory and Developed Wells, 2010-2014 76
Table 43: Long Run Exploration Ltd., Exploratory and Developed Wells, By Country/Region, 2010-2014 77

List of Figures
Figure 1: Long Run Exploration Ltd., Share Price Performance, CAD/Share, Q1, 2014-Q1, 2015 9
Figure 2: Long Run Exploration Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2014-Q1, 2015 10
Figure 3: Long Run Exploration Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 11
Figure 4: Long Run Exploration Ltd., Upstream Capital Expenditure, US$ mil, Q1, 2014-Q1, 2015 13
Figure 5: Long Run Exploration Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2014-Q1, 2015 14
Figure 6: Long Run Exploration Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2014-Q1, 2015 15
Figure 7: Long Run Exploration Ltd., Total Crude Oil Production, mmbbl, Q1, 2014-Q1, 2015 16
Figure 8: Long Run Exploration Ltd., Crude Oil Production, By Country/Region, mmbbl, Q1, 2014-Q1, 2015 17
Figure 9: Long Run Exploration Ltd., Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 18
Figure 10: Long Run Exploration Ltd., Natural Gas Production, By Country/Region, bcf, Q1, 2014-Q1, 2015 19
Figure 11: Long Run Exploration Ltd., Share Price Performance, CAD/Share, 2010-2014 20
Figure 12: Long Run Exploration Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 21
Figure 13: Long Run Exploration Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 22
Figure 14: Long Run Exploration Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 24
Figure 15: Long Run Exploration Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 24
Figure 16: Long Run Exploration Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 26
Figure 17: Long Run Exploration Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Figure 18: Long Run Exploration Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 28
Figure 19: Long Run Exploration Ltd., Oil Production, By Country/Region, mmbbl, 2010-2014 28
Figure 20: Long Run Exploration Ltd., Crude Oil Reserve Changes, mmbbl, 2014 30
Figure 21: Long Run Exploration Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Figure 22: Long Run Exploration Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 32
Figure 23: Long Run Exploration Ltd., Gas Production, By Country/Region, bcf, 2010-2014 32
Figure 24: Long Run Exploration Ltd., Natural Gas Reserve Changes, bcf, 2014 34
Figure 25: Long Run Exploration Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 35
Figure 26: Long Run Exploration Ltd., Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 27: Long Run Exploration Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 28: Long Run Exploration Ltd., Oil Reserve Life Index, By Country/Region, Years, 2010-2014 37
Figure 29: Long Run Exploration Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 38
Figure 30: Long Run Exploration Ltd., Proved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 31: Long Run Exploration Ltd., Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 32: Long Run Exploration Ltd., Development Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 33: Long Run Exploration Ltd., Exploration Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 34: Long Run Exploration Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 43
Figure 35: Long Run Exploration Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 36: Long Run Exploration Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 37: Long Run Exploration Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 46
Figure 38: Long Run Exploration Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 47
Figure 39: Long Run Exploration Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 49
Figure 40: Long Run Exploration Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 49
Figure 41: Long Run Exploration Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 50
Figure 42: Long Run Exploration Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 50
Figure 43: Long Run Exploration Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 51
Figure 44: Long Run Exploration Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 51
Figure 45: Long Run Exploration Ltd., Revenue and Expenses, US$ mil, 2010-2014 53
Figure 46: Long Run Exploration Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 55
Figure 47: Long Run Exploration Ltd., Exploration Expenses, By Country/Region, US$ mil, 2010-2014 55
Figure 48: Long Run Exploration Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 56
Figure 49: Long Run Exploration Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 56
Figure 50: Long Run Exploration Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 57
Figure 51: Long Run Exploration Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 57
Figure 52: Long Run Exploration Ltd., Production Costs, By Country/Region, US$ mil, 2010-2014 58
Figure 53: Long Run Exploration Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 58
Figure 54: Long Run Exploration Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 60
Figure 55: Long Run Exploration Ltd., Exploration Expenses per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 56: Long Run Exploration Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 57: Long Run Exploration Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 62
Figure 58: Long Run Exploration Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2010-2014 62
Figure 59: Long Run Exploration Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 63
Figure 60: Long Run Exploration Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 63
Figure 61: Long Run Exploration Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 64
Figure 62: Long Run Exploration Ltd., Oil and Gas Performance Metrics, 2010-2014 65
Figure 63: Long Run Exploration Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 66
Figure 64: Long Run Exploration Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 67
Figure 65: Long Run Exploration Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 67
Figure 66: Long Run Exploration Ltd., Total Gross Developed Acreage, By Country/Region, Acres, 2010-2014 68
Figure 67: Long Run Exploration Ltd., Total Net Developed Acreage, By Country/Region, Acres, 2010-2014 68
Figure 68: Long Run Exploration Ltd., Producible Oil and Gas Wells, 2010-2014 70
Figure 69: Long Run Exploration Ltd., Gross Productive Gas Wells, By Country/Region, Number, 2010-2014 71
Figure 70: Long Run Exploration Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 71
Figure 71: Long Run Exploration Ltd., Gross Productive Oil Wells, By Country/Region, Number, 2010-2014 72
Figure 72: Long Run Exploration Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 72
Figure 73: Long Run Exploration Ltd., Net Productive Gas Wells, By Country/Region, Number, 2010-2014 73
Figure 74: Long Run Exploration Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 73
Figure 75: Long Run Exploration Ltd., Net Productive Oil Wells, By Country/Region, Number, 2010-2014 74
Figure 76: Long Run Exploration Ltd., Exploratory and Developed Wells, 2010-2014 75


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