Endeavour International Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014
Summary
Endeavour International Corporation (Endeavour) is an oil and gas company. The company explores, produces and acquires energy reserves in the UK and the US. It has producing fields in the UK including Alba, Rochelle, Bacchus, Bittern and Enoch. Endeavour has gas production in the Louisiana Haynesville and the Pennsylvania Marcellus, in the US. The company uses regional 3D seismic database to participate in the acreage licensing rounds and to develop a portfolio of assets. Endeavour is headquartered in Houston, Texas, the US
Endeavour International 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
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 8
Key Information 8
Company Overview 8
Endeavour International Corporation, Valuation and Financial Data 9
Endeavour International Corporation, Share Price Performance 9
Share Price Performance, Q3, 2013-Q3, 2014 9
Endeavour International Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Endeavour International 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
Endeavour International Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Endeavour International Corporation, Quarterly Production Trends 14
Endeavour International 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
Endeavour International 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
Endeavour International 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
Endeavour International Corporation, Valuation and Financial Data, 2009-2013 20
Endeavour International Corporation, Share Price Performance, 2009-2013 20
Share Price Performance, 2009-2013 20
Key Valuation Metrics, 2009-2013 21
Endeavour International 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
Endeavour International 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
Endeavour International 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
Endeavour International 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 58
Oil and Gas Revenue and Expenses, By boe, 2009-2013 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 59
Oil and Gas Performance Metrics 63
Endeavour International Corporation, Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2009-2013 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 65
Well Statistics 68
Producible Oil and Gas Well, 2009-2013 68
Producible Oil and Gas Well, By Country/Region, 2009-2013 69
Exploration and Development Wells Drilled, 2009-2013 74
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 75
Recent Developments 76
Endeavour International Corporation - Recent Developments 76
Nov 13, 2014: Endeavour Announces Accelerated Schedule For Chapter 11 Court Hearings And Resignation Of William L. Transier As President And Chief Executive Officer 76
Oct 15, 2014: Endeavour Announces Rochelle Field Has Returned to Production 76
Oct 06, 2014: Endeavour Announces the Appointment of a Chief Restructuring Officer 76
Sep 26, 2014: Endeavour Announces Rochelle Field Remains Offline 76
Sep 15, 2014: Endeavour Announces Rochelle Field Offline 77
Sep 02, 2014: Endeavour Announces Decision Not to Make Interest Payments 77
Aug 05, 2014: Endeavour Announces 2014 Second Quarter Financial and Operational Results 77
May 21, 2014: Endeavour Announces Both Wells on Production at Rochelle Field 79
May 07, 2014: Endeavour Announces 2014 First Quarter Financial and Operational Results 80
Apr 16, 2014: Endeavour Announces Settlement of SM Energy Litigation 81
Appendix 83
Methodology 83
Coverage 83
Secondary Research 83
Primary Research 83
Data Information Sources 84
Company Source 84
SEC/Other Regulatory Filings 84
Other Sources 84
Expert Panel Validation 84
Data Definition 84
Oil and Gas Reserves 84
Units of Measure 85
About GlobalData 85
Disclosure 85
Disclaimer 85
List Of Tables
List of Tables
Table 1: Endeavour International Corporation, Key Facts 8
Table 2: Endeavour International Corporation, Share Price Performance, Q3, 2013-Q3, 2014 9
Table 3: Endeavour International Corporation, Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Table 4: Endeavour International Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Table 5: Endeavour International Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 12
Table 6: Endeavour International Corporation, Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Table 7: Endeavour International Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 14
Table 8: Endeavour International Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Table 9: Endeavour International Corporation, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Table 10: Endeavour International Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Table 11: Endeavour International Corporation, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Table 12: Endeavour International Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Table 13: Endeavour International Corporation, Share Price Performance, 2009-2013 20
Table 14: Endeavour International Corporation, Key Valuation Metrics, 2009-2013 21
Table 15: Endeavour International Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 23
Table 16: Endeavour International Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 25
Table 17: Endeavour International Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 26
Table 18: Endeavour International Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Table 19: Endeavour International Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 29
Table 20: Endeavour International Corporation, Crude Oil Reserve Changes, mmbbl, 2009-2013 30
Table 21: Endeavour International Corporation, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Table 22: Endeavour International Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 33
Table 23: Endeavour International Corporation, Natural Gas Reserve Changes, bcf, 2009-2013 34
Table 24: Endeavour International Corporation, Oil and Gas Reserves Life Index, Years, 2009-2013 35
Table 25: Endeavour International Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 37
Table 26: Endeavour International Corporation, Upstream Capital Expenditure, US$ mil, 2009-2013 38
Table 27: Endeavour International Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Table 28: Endeavour International Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 41
Table 29: Endeavour International Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 42
Table 30: Endeavour International Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 45
Table 31: Endeavour International Corporation, Oil and Gas Production Replacement Ratio, %, 2009-2013 46
Table 32: Endeavour International Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 51
Table 33: Endeavour International Corporation, Revenue and Expenses, US$ mil, 2009-2013 52
Table 34: Endeavour International Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 56
Table 35: Endeavour International Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 58
Table 36: Endeavour International Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 62
Table 37: Endeavour International Corporation, Oil and Gas Performance Metrics, 2009-2013 63
Table 38: Endeavour International Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 64
Table 39: Endeavour International Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 67
Table 40: Endeavour International Corporation, Producible Oil and Gas Wells, 2009-2013 68
Table 41: Endeavour International Corporation, Producible Oil and Gas Wells, By Country/Region, 2009-2013 73
Table 42: Endeavour International Corporation, Exploratory and Developed Wells, 2009-2013 74
Table 43: Endeavour International Corporation, Exploratory and Developed Wells, By Country/Region, 2009-2013 75
List Of Figures
List of Figures
Figure 1: Endeavour International Corporation, Share Price Performance, USD/Share, Q3, 2013-Q3, 2014 9
Figure 2: Endeavour International Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 10
Figure 3: Endeavour International Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Figure 4: Endeavour International Corporation, Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 13
Figure 5: Endeavour International Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 14
Figure 6: Endeavour International Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2013-Q3, 2014 15
Figure 7: Endeavour International Corporation, Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 16
Figure 8: Endeavour International Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2013-Q3, 2014 17
Figure 9: Endeavour International Corporation, Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 18
Figure 10: Endeavour International Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2013-Q3, 2014 19
Figure 11: Endeavour International Corporation, Share Price Performance, USD/Share, 2009-2013 20
Figure 12: Endeavour International Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 21
Figure 13: Endeavour International Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 22
Figure 14: Endeavour International Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 24
Figure 15: Endeavour International Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2009-2013 24
Figure 16: Endeavour International Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 26
Figure 17: Endeavour International Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 27
Figure 18: Endeavour International Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 28
Figure 19: Endeavour International Corporation, Oil Production, By Country/Region, mmbbl, 2009-2013 28
Figure 20: Endeavour International Corporation, Crude Oil Reserve Changes, mmbbl, 2013 30
Figure 21: Endeavour International Corporation, Natural Gas Production and Reserves Metrics, bcf, 2009-2013 31
Figure 22: Endeavour International Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2009-2013 32
Figure 23: Endeavour International Corporation, Gas Production, By Country/Region, bcf, 2009-2013 32
Figure 24: Endeavour International Corporation, Natural Gas Reserve Changes, bcf, 2013 34
Figure 25: Endeavour International Corporation, Oil and Gas Reserves Life Index, Years, 2009-2013 35
Figure 26: Endeavour International Corporation, Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 27: Endeavour International Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 36
Figure 28: Endeavour International Corporation, Oil Reserve Life Index, By Country/Region, Years, 2009-2013 37
Figure 29: Endeavour International Corporation, Upstream Capital Expenditure, US$ mil, 2009-2013 38
Figure 30: Endeavour International Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 39
Figure 31: Endeavour International Corporation, Development Costs, By Country/Region, US$ mil, 2009-2013 40
Figure 32: Endeavour International Corporation, Exploration Costs, By Country/Region, US$ mil, 2009-2013 40
Figure 33: Endeavour International Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 42
Figure 34: Endeavour International Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 44
Figure 35: Endeavour International Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 44
Figure 36: Endeavour International Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 45
Figure 37: Endeavour International Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 46
Figure 38: Endeavour International Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 48
Figure 39: Endeavour International Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 48
Figure 40: Endeavour International Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 49
Figure 41: Endeavour International Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 49
Figure 42: Endeavour International Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 50
Figure 43: Endeavour International Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 50
Figure 44: Endeavour International Corporation, Revenue and Expenses, US$ mil, 2009-2013 52
Figure 45: Endeavour International Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 46: Endeavour International Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 53
Figure 47: Endeavour International Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 54
Figure 48: Endeavour International Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 54
Figure 49: Endeavour International Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 55
Figure 50: Endeavour International Corporation, Production Costs, By Country/Region, US$ mil, 2009-2013 55
Figure 51: Endeavour International Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 56
Figure 52: Endeavour International Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 58
Figure 53: Endeavour International Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 59
Figure 54: Endeavour International Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 59
Figure 55: Endeavour International Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 60
Figure 56: Endeavour International Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 60
Figure 57: Endeavour International Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 61
Figure 58: Endeavour International Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 61
Figure 59: Endeavour International Corporation, Oil and Gas Performance Metrics, 2009-2013 63
Figure 60: Endeavour International Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 64
Figure 61: Endeavour International Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 65
Figure 62: Endeavour International Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 65
Figure 63: Endeavour International Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2009-2013 66
Figure 64: Endeavour International Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2009-2013 66
Figure 65: Endeavour International Corporation, Producible Oil and Gas Wells, 2009-2013 68
Figure 66: Endeavour International Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2009-2013 69
Figure 67: Endeavour International Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 69
Figure 68: Endeavour International Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 70
Figure 69: Endeavour International Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 70
Figure 70: Endeavour International Corporation, Net Productive Gas Wells, By Country/Region, Number, 2009-2013 71
Figure 71: Endeavour International Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 71
Figure 72: Endeavour International Corporation, Net Productive Oil Wells, By Country/Region, Number, 2009-2013 72
Figure 73: Endeavour International Corporation, Exploratory and Developed Wells, 2009-2013 74
