Forent Energy Ltd. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2015
Summary
Forent 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 2
List of Tables 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
Forent Energy Ltd., Valuation and Financial Data 9
Forent Energy Ltd., Share Price Performance 9
Share Price Performance, Q2, 2014-Q2, 2015 9
Forent Energy Ltd., Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2014-Q2, 2015 10
Forent Energy Ltd., Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q2, 2014-Q2, 2015 11
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2014-Q2, 2015 12
Forent Energy Ltd., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2014-Q2, 2015 13
Forent Energy Ltd., Quarterly Production Trends 14
Forent Energy Ltd., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q2, 2014-Q2, 2015 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2014-Q2, 2015 15
Forent Energy Ltd., Crude Oil Production 16
Total Crude Oil Production Trend, Q2, 2014-Q2, 2015 16
Crude Oil Production, By Country/Region, Q2, 2014-Q2, 2015 17
Forent Energy Ltd., Natural Gas Production 18
Total Natural Gas Production Trend, Q2, 2014-Q2, 2015 18
Natural Gas Production, By Country/Region, Q2, 2014-Q2, 2015 19
Forent Energy Ltd., Valuation and Financial Data, 2010-2014 20
Forent Energy Ltd., Share Price Performance, 2010-2014 20
Share Price Performance, 2010-2014 20
Key Valuation Metrics, 2010-2014 21
Forent Energy 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
Forent Energy 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
Forent Energy 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
Forent Energy 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 54
Oil and Gas Revenue and Expenses, Per boe 59
Oil and Gas Revenue and Expenses, By boe, 2010-2014 59
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 60
Oil and Gas Performance Metrics 64
Forent Energy Ltd., Land Holdings and Well Data 65
Developed and Undeveloped Acreage 65
Gross and Net Developed and Undeveloped Acreage, 2010-2014 65
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 66
Well Statistics 67
Producible Oil and Gas Well, 2010-2014 67
Producible Oil and Gas Well, By Country/Region, 2010-2014 68
Exploration and Development Wells Drilled, 2010-2014 70
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 71
Recent Developments 72
Forent Energy Ltd. - Recent Developments 72
Nov 27, 2015: Forent Energy Announces Q3 2015 Financial And Operating Results 72
Aug 28, 2015: Forent Energy Announces Q2 2015 Financial And Operating Results 73
May 28, 2015: Forent Energy Announces Q1 2015 Financial And Operating Results 74
Apr 30, 2015: Forent Energy Announces 2014 Financial And Operating Results And Filing Of NI 51-101 Annual Reserve Report 75
Mar 09, 2015: Forent Energy Announces 2014 Reserves 77
Dec 19, 2014: Forent Energy Announces Significant Acreage In Heathdale, Alberta 77
Nov 27, 2014: Forent Energy - Operational Update & Third Quarter 2014 Results 78
Aug 28, 2014: Forent Energy-Operational Update & Second Quarter 2014 Results 80
May 30, 2014: Forent Energy-First Quarter 2014 Results 81
May 05, 2014: Forent Energy Announces 2013 Financial and Operating Results and Filing of NI 51-101 Annual Reserve Report 82
Appendix 85
Methodology 85
Coverage 85
Secondary Research 85
Primary Research 85
Data Information Sources 86
Company Source 86
SEC/Other Regulatory Filings 86
Other Sources 86
Expert Panel Validation 86
Data Definition 86
Oil and Gas Reserves 86
Units of Measure 87
About GlobalData 87
Disclosure 87
Disclaimer 87
List Of Tables
Table 1: Forent Energy Ltd., Key Facts 8
Table 2: Forent Energy Ltd., Share Price Performance, Q2, 2014-Q2, 2015 9
Table 3: Forent Energy Ltd., Key Valuation Metrics, Q2, 2014-Q2, 2015 10
Table 4: Forent Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Table 5: Forent Energy Ltd., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2014-Q2, 2015 12
Table 6: Forent Energy Ltd., Upstream Capital Expenditure, Q2, 2014-Q2, 2015 13
Table 7: Forent Energy Ltd., Total Crude Oil and Natural Gas, Production, Q2, 2014-Q2, 2015 14
Table 8: Forent Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 15
Table 9: Forent Energy Ltd., Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 16
Table 10: Forent Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 17
Table 11: Forent Energy Ltd., Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 18
Table 12: Forent Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 19
Table 13: Forent Energy Ltd., Share Price Performance, 2010-2014 20
Table 14: Forent Energy Ltd., Key Valuation Metrics, 2010-2014 21
Table 15: Forent Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 23
Table 16: Forent Energy Ltd., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 25
Table 17: Forent Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 26
Table 18: Forent Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Table 19: Forent Energy Ltd., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 29
Table 20: Forent Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2010-2014 30
Table 21: Forent Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Table 22: Forent Energy Ltd., Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 33
Table 23: Forent Energy Ltd., Natural Gas Reserve Changes, bcf, 2010-2014 34
Table 24: Forent Energy Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 35
Table 25: Forent Energy Ltd., Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 37
Table 26: Forent Energy Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 38
Table 27: Forent Energy Ltd., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 40
Table 28: Forent Energy Ltd., Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 42
Table 29: Forent Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 43
Table 30: Forent Energy Ltd., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 46
Table 31: Forent Energy Ltd., Oil and Gas Production Replacement Ratio, %, 2010-2014 47
Table 32: Forent Energy Ltd., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 52
Table 33: Forent Energy Ltd., Revenue and Expenses, US$ mil, 2010-2014 53
Table 34: Forent Energy Ltd., Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 58
Table 35: Forent Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 59
Table 36: Forent Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 63
Table 37: Forent Energy Ltd., Oil and Gas Performance Metrics, 2010-2014 64
Table 38: Forent Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 65
Table 39: Forent Energy Ltd., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 66
Table 40: Forent Energy Ltd., Producible Oil and Gas Wells, 2010-2014 67
Table 41: Forent Energy Ltd., Producible Oil and Gas Wells, By Country/Region, 2010-2014 69
Table 42: Forent Energy Ltd., Exploratory and Developed Wells, 2010-2014 70
Table 43: Forent Energy Ltd., Exploratory and Developed Wells, By Country/Region, 2010-2014 71
List Of Figures
List of Figures
Figure 1: Forent Energy Ltd., Share Price Performance, CAD/Share, Q2, 2014-Q2, 2015 9
Figure 2: Forent Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2014-Q2, 2015 10
Figure 3: Forent Energy Ltd., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2014-Q2, 2015 11
Figure 4: Forent Energy Ltd., Upstream Capital Expenditure, US$ mil, Q2, 2014-Q2, 2015 13
Figure 5: Forent Energy Ltd., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2014-Q2, 2015 14
Figure 6: Forent Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2014-Q2, 2015 15
Figure 7: Forent Energy Ltd., Total Crude Oil Production, mmbbl, Q2, 2014-Q2, 2015 16
Figure 8: Forent Energy Ltd., Crude Oil Production, By Country/Region, mmbbl, Q2, 2014-Q2, 2015 17
Figure 9: Forent Energy Ltd., Total Natural Gas Production, bcf, Q2, 2014-Q2, 2015 18
Figure 10: Forent Energy Ltd., Natural Gas Production, By Country/Region, bcf, Q2, 2014-Q2, 2015 19
Figure 11: Forent Energy Ltd., Share Price Performance, CAD/Share, 2010-2014 20
Figure 12: Forent Energy Ltd., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 21
Figure 13: Forent Energy Ltd., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 22
Figure 14: Forent Energy Ltd., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 24
Figure 15: Forent Energy Ltd., Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 24
Figure 16: Forent Energy Ltd., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 26
Figure 17: Forent Energy Ltd., Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 27
Figure 18: Forent Energy Ltd., Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 28
Figure 19: Forent Energy Ltd., Oil Production, By Country/Region, mmbbl, 2010-2014 28
Figure 20: Forent Energy Ltd., Crude Oil Reserve Changes, mmbbl, 2014 30
Figure 21: Forent Energy Ltd., Natural Gas Production and Reserves Metrics, bcf, 2010-2014 31
Figure 22: Forent Energy Ltd., Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 32
Figure 23: Forent Energy Ltd., Gas Production, By Country/Region, bcf, 2010-2014 32
Figure 24: Forent Energy Ltd., Natural Gas Reserve Changes, bcf, 2014 34
Figure 25: Forent Energy Ltd., Oil and Gas Reserves Life Index, Years, 2010-2014 35
Figure 26: Forent Energy Ltd., Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 27: Forent Energy Ltd., Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 28: Forent Energy Ltd., Oil Reserve Life Index, By Country/Region, Years, 2010-2014 37
Figure 29: Forent Energy Ltd., Upstream Capital Expenditure, US$ mil, 2010-2014 38
Figure 30: Forent Energy Ltd., Proved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 31: Forent Energy Ltd., Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Figure 32: Forent Energy Ltd., Development Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 33: Forent Energy Ltd., Exploration Costs, By Country/Region, US$ mil, 2010-2014 41
Figure 34: Forent Energy Ltd., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 43
Figure 35: Forent Energy Ltd., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 36: Forent Energy Ltd., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 45
Figure 37: Forent Energy Ltd., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 46
Figure 38: Forent Energy Ltd., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 47
Figure 39: Forent Energy Ltd., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 49
Figure 40: Forent Energy Ltd., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 49
Figure 41: Forent Energy Ltd., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 50
Figure 42: Forent Energy Ltd., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 50
Figure 43: Forent Energy Ltd., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 51
Figure 44: Forent Energy Ltd., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 51
Figure 45: Forent Energy Ltd., Revenue and Expenses, US$ mil, 2010-2014 53
Figure 46: Forent Energy Ltd., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 54
Figure 47: Forent Energy Ltd., Exploration Expenses, By Country/Region, US$ mil, 2010-2014 54
Figure 48: Forent Energy Ltd., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 55
Figure 49: Forent Energy Ltd., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 55
Figure 50: Forent Energy Ltd., Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 56
Figure 51: Forent Energy Ltd., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 56
Figure 52: Forent Energy Ltd., Production Costs, By Country/Region, US$ mil, 2010-2014 57
Figure 53: Forent Energy Ltd., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 57
Figure 54: Forent Energy Ltd., Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 59
Figure 55: Forent Energy Ltd., Exploration Expenses per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 56: Forent Energy Ltd., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2010-2014 60
Figure 57: Forent Energy Ltd., Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 58: Forent Energy Ltd., Annual Net Income per boe, By Country/Region, US$/boe, 2010-2014 61
Figure 59: Forent Energy Ltd., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 62
Figure 60: Forent Energy Ltd., Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 62
Figure 61: Forent Energy Ltd., Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 63
Figure 62: Forent Energy Ltd., Oil and Gas Performance Metrics, 2010-2014 64
Figure 63: Forent Energy Ltd., Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 66
Figure 64: Forent Energy Ltd., Producible Oil and Gas Wells, 2010-2014 67
Figure 65: Forent Energy Ltd., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 68
Figure 66: Forent Energy Ltd., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 68
Figure 67: Forent Energy Ltd., Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 69
Figure 68: Forent Energy Ltd., Exploratory and Developed Wells, 2010-2014 70
