Epsilon Energy Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q1, 2015
Summary
Epsilon Energy Ltd. (Epsilon) is an oil and gas company that provides mineral exploration programs. The company offers development, exploitation and exploration of oil and gas reserves. Its projects include natural gas development effort to the Marcellus shale in northeast Pennsylvania and its oil exploration effort to the Bakken Shale and Midale Dolomite in Saskatchewan, Marcellus Shale and Midstream; in Pennsylvania and Basal Belly River in Alberta. The company has its core operating locations in Pennsylvania, Alberta and Saskatchewan. It operates through its subsidiaries. Epsilon is headquartered in Calgary, Alberta, Canada
Epsilon Energy 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 industrys 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 7
Key Information 7
Company Overview 7
Epsilon Energy Ltd., Valuation and Financial Data 8
Epsilon Energy Ltd., Share Price Performance 8
Share Price Performance, Q1, 2014-Q1, 2015 8
Epsilon Energy Ltd., Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2014-Q1, 2015 9
Epsilon Energy Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2014-Q1, 2015 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2014-Q1, 2015 11
Epsilon Energy Ltd., Quarterly E & P Costs Trends 12
Upstream Capital Expenditure, Q1, 2014-Q1, 2015 12
Epsilon Energy Ltd., Quarterly Production Trends 13
Epsilon Energy Ltd., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2014-Q1, 2015 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2014-Q1, 2015 14
Epsilon Energy Ltd., Natural Gas Production 15
Total Natural Gas Production Trend, Q1, 2014-Q1, 2015 15
Natural Gas Production, By Country/Region, Q1, 2014-Q1, 2015 16
Epsilon Energy Ltd., Valuation and Financial Data, 2010-2014 17
Epsilon Energy Ltd., Share Price Performance, 2010-2014 17
Share Price Performance, 2010-2014 17
Key Valuation Metrics, 2010-2014 18
Epsilon Energy Ltd., Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 21
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 23
Crude Oil/Liquids Production and Reserve 24
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 24
Crude Oil Production and Reserves By Country/Region, 2010-2014 25
Crude Oil/Liquids Reserve Changes, 2010-2014 27
Natural Gas Production and Reserve 28
Natural Gas Production and Reserve Trend, 2010-2014 28
Natural Gas Production and Reserves, By Country/Region, 2010-2014 29
Natural Gas Reserve Changes, 2010-2014 31
Total Crude Oil and Natural Gas Reserves Life Index 32
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 32
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 33
Epsilon Energy Ltd., E & P Costs Trends 35
Allocation of the Upstream Capital Expenditure 35
Upstream Capital Expenditure, 2010-2014 35
Acquisition Costs By Country/Region, 2010-2014 36
Exploration and Development Costs, By Country/Region, 2010-2014 37
Oil and Gas Cost Per boe, US$/boe 39
Oil and Gas Cost Per boe, US$/boe, 2010-2014 39
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 41
Epsilon Energy Ltd., Reserve Replacement Ratio 43
Oil and Gas Production Replacement Ratio 43
Oil and Gas Production Replacement Ratio, 2010-2014 43
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 45
Epsilon Energy Ltd., Results of Oil & Gas Operations Trend 49
Oil and Gas Revenue and Expenses 49
Oil and Gas Revenue and Expenses, 2010-2014 49
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 51
Oil and Gas Revenue and Expenses, Per boe 55
Oil and Gas Revenue and Expenses, By boe, 2010-2014 55
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 56
Oil and Gas Performance Metrics 59
Epsilon Energy Ltd., Land Holdings and Well Data 60
Developed and Undeveloped Acreage 60
Gross and Net Developed and Undeveloped Acreage, 2010-2014 60
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 61
Well Statistics 63
Producible Oil and Gas Well, 2010-2014 63
Producible Oil and Gas Well, By Country/Region, 2010-2014 64
Exploration and Development Wells Drilled, 2010-2014 66
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 67
Recent Developments 68
Epsilon Energy Ltd. - Recent Developments 68
Jul 23, 2015: Epsilon Reports Second Quarter 2015 Results 68
Apr 30, 2015: Epsilon Announces Election Of Board Of Directors 69
Apr 29, 2015: Epsilon Reports First Quarter 2015 Results 70
Mar 11, 2015: Epsilon Energy Announces Full Year 2014 Results 71
Mar 02, 2015: Epsilon Energy: Announces Independent Reserve Appraisal Report 73
Oct 29, 2014: Epsilon Reports Third Quarter 2014 Results 75
Jul 30, 2014: Epsilon Reports Second Quarter 2014 Results 77
Apr 16, 2014: Epsilon Reports First Quarter 2014 Results 79
Mar 20, 2014: Epsilon Energy Announces Full Year 2013 Results 80
Feb 04, 2014: Epsilon Announces Year End 2013 Reserves 82
Appendix 84
Methodology 84
Coverage 84
Secondary Research 84
Primary Research 84
Data Information Sources 85
Company Source 85
SEC/Other Regulatory Filings 85
Other Sources 85
Expert Panel Validation 85
Data Definition 85
Oil and Gas Reserves 85
Units of Measure 86
About GlobalData 86
Disclosure 86
Disclaimer 86
List Of Tables
List of Tables
Table 1: Epsilon Energy Ltd., Key Facts 7
Table 2: Epsilon Energy Ltd., Share Price Performance, Q1, 2014-Q1, 2015 8
Table 3: Epsilon Energy Ltd., Key Valuation Metrics, Q1, 2014-Q1, 2015 9
Table 4: Epsilon Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 10
Table 5: Epsilon Energy Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2014-Q1, 2015 11
Table 6: Epsilon Energy Ltd., Upstream Capital Expenditure, Q1, 2014-Q1, 2015 12
Table 7: Epsilon Energy Ltd., Total Crude Oil and Natural Gas, Production, Q1, 2014-Q1, 2015 13
Table 8: Epsilon Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2014-Q1, 2015 14
Table 9: Epsilon Energy Ltd., Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 15
Table 10: Epsilon Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q1, 2014-Q1, 2015 16
Table 11: Epsilon Energy Ltd., Share Price Performance, 2010-2014 17
Table 12: Epsilon Energy Ltd., Key Valuation Metrics, 2010-2014 18
Table 13: Epsilon Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 20
Table 14: Epsilon Energy Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 22
Table 15: Epsilon Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 23
Table 16: Epsilon Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 24
Table 17: Epsilon Energy Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 26
Table 18: Epsilon Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2010-2014 27
Table 19: Epsilon Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 28
Table 20: Epsilon Energy Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 30
Table 21: Epsilon Energy Ltd., Natural Gas Reserve Changes, bcf, 2010-2014 31
Table 22: Epsilon Energy Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 32
Table 23: Epsilon Energy Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 34
Table 24: Epsilon Energy Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 35
Table 25: Epsilon Energy Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 36
Table 26: Epsilon Energy Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 38
Table 27: Epsilon Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 40
Table 28: Epsilon Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 42
Table 29: Epsilon Energy Ltd., Oil and Gas Production Replacement Ratio, %, 2010-2014 43
Table 30: Epsilon Energy Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 48
Table 31: Epsilon Energy Ltd., Revenue and Expenses, US$ mil, 2010-2014 50
Table 32: Epsilon Energy Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 54
Table 33: Epsilon Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 55
Table 34: Epsilon Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 58
Table 35: Epsilon Energy Ltd., Oil and Gas Performance Metrics, 2010-2014 59
Table 36: Epsilon Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 60
Table 37: Epsilon Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 62
Table 38: Epsilon Energy Ltd., Producible Oil and Gas Wells, 2010-2014 63
Table 39: Epsilon Energy Ltd., Producible Oil and Gas Wells, By Country/Region, 2010-2014 65
Table 40: Epsilon Energy Ltd., Exploratory and Developed Wells, 2010-2014 66
Table 41: Epsilon Energy Ltd., Exploratory and Developed Wells, By Country/Region, 2010-2014 67
List Of Figures
List of Figures
Figure 1: Epsilon Energy Ltd., Share Price Performance, CAD/Share, Q1, 2014-Q1, 2015 8
Figure 2: Epsilon Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2014-Q1, 2015 9
Figure 3: Epsilon Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 10
Figure 4: Epsilon Energy Ltd., Upstream Capital Expenditure, US$ mil, Q1, 2014-Q1, 2015 12
Figure 5: Epsilon Energy Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2014-Q1, 2015 13
Figure 6: Epsilon Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2014-Q1, 2015 14
Figure 7: Epsilon Energy Ltd., Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 15
Figure 8: Epsilon Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q1, 2014-Q1, 2015 16
Figure 9: Epsilon Energy Ltd., Share Price Performance, CAD/Share, 2010-2014 17
Figure 10: Epsilon Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 18
Figure 11: Epsilon Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 19
Figure 12: Epsilon Energy Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 21
Figure 13: Epsilon Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 21
Figure 14: Epsilon Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 23
Figure 15: Epsilon Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 24
Figure 16: Epsilon Energy Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 25
Figure 17: Epsilon Energy Ltd., Oil Production, By Country/Region, mmbbl, 2010-2014 25
Figure 18: Epsilon Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 28
Figure 19: Epsilon Energy Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 29
Figure 20: Epsilon Energy Ltd., Gas Production, By Country/Region, bcf, 2010-2014 29
Figure 21: Epsilon Energy Ltd., Natural Gas Reserve Changes, bcf, 2014 31
Figure 22: Epsilon Energy Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 32
Figure 23: Epsilon Energy Ltd., Gas Reserve Life Index, By Country/Region, Years, 2010-2014 33
Figure 24: Epsilon Energy Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 33
Figure 25: Epsilon Energy Ltd., Oil Reserve Life Index, By Country/Region, Years, 2010-2014 34
Figure 26: Epsilon Energy Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 35
Figure 27: Epsilon Energy Ltd., Development Costs, By Country/Region, US$ mil, 2010-2014 37
Figure 28: Epsilon Energy Ltd., Exploration Costs, By Country/Region, US$ mil, 2010-2014 37
Figure 29: Epsilon Energy Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 39
Figure 30: Epsilon Energy Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 41
Figure 31: Epsilon Energy Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 41
Figure 32: Epsilon Energy Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 42
Figure 33: Epsilon Energy Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 43
Figure 34: Epsilon Energy Ltd., 3-Year Wt. Avg. Gas F & D Production Replacement, By Country/Region, %, 2010-2014 45
Figure 35: Epsilon Energy Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 45
Figure 36: Epsilon Energy Ltd., 3-Year Wt. Avg. Oil & Gas F & D Production Replacement, By Country/Region, %, 2010-2014 46
Figure 37: Epsilon Energy Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 46
Figure 38: Epsilon Energy Ltd., 3-Year Wt. Avg. Oil F & D Production Replacement, By Country/Region, %, 2010-2014 47
Figure 39: Epsilon Energy Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 47
Figure 40: Epsilon Energy Ltd., Revenue and Expenses, US$ mil, 2010-2014 49
Figure 41: Epsilon Energy Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 51
Figure 42: Epsilon Energy Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 51
Figure 43: Epsilon Energy Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 52
Figure 44: Epsilon Energy Ltd., Production Costs, By Country/Region, US$ mil, 2010-2014 52
Figure 45: Epsilon Energy Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 53
Figure 46: Epsilon Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 55
Figure 47: Epsilon Energy Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 56
Figure 48: Epsilon Energy Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 56
Figure 49: Epsilon Energy Ltd., Total DD & A per boe, By Country/Region, US$/boe, 2010-2014 57
Figure 50: Epsilon Energy Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 57
Figure 51: Epsilon Energy Ltd., Oil and Gas Performance Metrics, 2010-2014 59
Figure 52: Epsilon Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 60
Figure 53: Epsilon Energy Ltd., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 61
Figure 54: Epsilon Energy Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 61
Figure 55: Epsilon Energy Ltd., Producible Oil and Gas Wells, 2010-2014 63
Figure 56: Epsilon Energy Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 64
Figure 57: Epsilon Energy Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 64
Figure 58: Epsilon Energy Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 65
Figure 59: Epsilon Energy Ltd., Exploratory and Developed Wells, 2010-2014 66
