Pacific Rubiales Energy Corp. Oil & Gas Exploration and Production Operations and Cost Analysis - Q3, 2014
Summary
Pacific Rubiales Energy Corp. 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 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
Pacific Rubiales Energy Corp., Valuation and Financial Data 9
Pacific Rubiales Energy Corp., Share Price Performance 9
Share Price Performance, Q3, 2013-Q3, 2014 9
Pacific Rubiales Energy Corp., Key Valuation Metrics 10
Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Pacific Rubiales Energy Corp., 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
Pacific Rubiales Energy Corp., Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Pacific Rubiales Energy Corp., Quarterly Production Trends 14
Pacific Rubiales Energy Corp., Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q3, 2013-Q3, 2014 14
Pacific Rubiales Energy Corp., Crude Oil Production 15
Total Crude Oil Production Trend, Q3, 2013-Q3, 2014 15
Pacific Rubiales Energy Corp., Natural Gas Production 16
Total Natural Gas Production Trend, Q3, 2013-Q3, 2014 16
Pacific Rubiales Energy Corp., Valuation and Financial Data, 2009-2013 17
Pacific Rubiales Energy Corp., Share Price Performance, 2009-2013 17
Share Price Performance, 2009-2013 17
Key Valuation Metrics, 2009-2013 18
Pacific Rubiales Energy Corp., Production and Reserves Trends 19
Total Oil and Gas, Reserves and Production 19
Total Crude Oil and Natural Gas Production and Reserves Trend, 2009-2013 19
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2009-2013 21
Total Crude Oil and Natural Gas Reserve Changes, 2009-2013 22
Crude Oil/Liquids Production and Reserve 23
Crude Oil/Liquids Production and Reserve Trend, 2009-2013 23
Crude Oil Production and Reserves By Country/Region, 2009-2013 24
Crude Oil/Liquids Reserve Changes, 2009-2013 25
Natural Gas Production and Reserve 26
Natural Gas Production and Reserve Trend, 2009-2013 26
Natural Gas Production and Reserves, By Country/Region, 2009-2013 27
Natural Gas Reserve Changes, 2009-2013 28
Total Crude Oil and Natural Gas Reserves Life Index 29
Total Crude Oil and Natural Gas Reserves Life Index, 2009-2013 29
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2009-2013 30
Pacific Rubiales Energy Corp., E&P Costs Trends 32
Allocation of the Upstream Capital Expenditure 32
Upstream Capital Expenditure, 2009-2013 32
Acquisition Costs By Country/Region, 2009-2013 33
Exploration and Development Costs, By Country/Region, 2009-2013 35
Oil and Gas Cost Per boe, US$/boe 37
Oil and Gas Cost Per boe, US$/boe, 2009-2013 37
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2009-2013 39
Pacific Rubiales Energy Corp., Reserve Replacement Ratio 41
Oil and Gas Production Replacement Ratio 41
Oil and Gas Production Replacement Ratio, 2009-2013 41
Oil and Gas Production Replacement Ratio, By Country/Region, 2009-2013 43
Pacific Rubiales Energy Corp., Results of Oil & Gas Operations Trend 47
Oil and Gas Revenue and Expenses 47
Oil and Gas Revenue and Expenses, 2009-2013 47
Oil and Gas Revenue and Expenses, By Country/Region, 2009-2013 48
Oil and Gas Revenue and Expenses, Per boe 53
Oil and Gas Revenue and Expenses, By boe, 2009-2013 53
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2009-2013 54
Oil and Gas Performance Metrics 58
Pacific Rubiales Energy Corp., Land Holdings and Well Data 59
Developed and Undeveloped Acreage 59
Gross and Net Developed and Undeveloped Acreage, 2009-2013 59
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2009-2013 60
Well Statistics 62
Producible Oil and Gas Well, 2009-2013 62
Producible Oil and Gas Well, By Country/Region, 2009-2013 63
Exploration and Development Wells Drilled, 2009-2013 67
Exploration and Development Wells Drilled, By Country/Region, 2009-2013 68
Recent Developments 70
Pacific Rubiales Energy Corp. - Recent Developments 70
Jan 14, 2015: Pacific Rubiales Provides Revised 2015 Guidance: Reducing Costs While Maintaining Growth And Balance Sheet Integrity; Dismisses Rumours Regarding Debt Obligations 70
Jan 06, 2015: Kangaroo-2 Appraisal Well Progress Report No 7 71
Jan 06, 2015: Pacific Rubiales Energy: Kangaroo-2 Well Flows Oil At 3,700 bbl/d From Paleocene Intervals, Adding To Earlier Success, In Offshore Santos Basin, Brazil 73
Jan 06, 2015: Karoon Gas Australia: Kangaroo-2 Appraisal Well Progress Report No 7 74
Dec 04, 2014: Pacific Rubiales Provides 2015 Outlook & Guidance: $1.5 Billion E&D Capex, Generating 5 To 8% Production Growth, Fully Funded By Cash Flow At $70/BBL WTI Average Oil Price 75
Dec 01, 2014: Pacific Rubiales Announces Fourth Quarter Dividend 78
Dec 01, 2014: CGX Energy Announces Settlement Agreement With Repsol 80
Nov 06, 2014: Pacific Rubiales Announces Third Quarter 2014 Results: Reports Record Sales Volumes And Cash Flow (Funds Flow) From Operations 81
Oct 28, 2014: Pacific Rubiales provides third quarter 2014 operational update 85
Oct 27, 2014: Pacific Rubiales provides exploration update: 39 wells drilled, 72% success rate achieved, new production added 86
Appendix 90
Methodology 90
Coverage 90
Secondary Research 90
Primary Research 90
Data Information Sources 91
Company Source 91
SEC/Other Regulatory Filings 91
Other Sources 91
Expert Panel Validation 91
Data Definition 91
Oil and Gas Reserves 91
Units of Measure 92
About GlobalData 92
Disclosure 92
Disclaimer 92
List Of Tables
List of Tables
Table 1: Pacific Rubiales Energy Corp., Key Facts 8
Table 2: Pacific Rubiales Energy Corp., Share Price Performance, Q3, 2013-Q3, 2014 9
Table 3: Pacific Rubiales Energy Corp., Key Valuation Metrics, Q3, 2013-Q3, 2014 10
Table 4: Pacific Rubiales Energy Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Table 5: Pacific Rubiales Energy Corp., Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2013-Q3, 2014 12
Table 6: Pacific Rubiales Energy Corp., Upstream Capital Expenditure, Q3, 2013-Q3, 2014 13
Table 7: Pacific Rubiales Energy Corp., Total Crude Oil and Natural Gas, Production, Q3, 2013-Q3, 2014 14
Table 8: Pacific Rubiales Energy Corp., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Table 9: Pacific Rubiales Energy Corp., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 16
Table 10: Pacific Rubiales Energy Corp., Share Price Performance, 2009-2013 17
Table 11: Pacific Rubiales Energy Corp., Key Valuation Metrics, 2009-2013 18
Table 12: Pacific Rubiales Energy Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 20
Table 13: Pacific Rubiales Energy Corp., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2009-2013 21
Table 14: Pacific Rubiales Energy Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2009-2013 22
Table 15: Pacific Rubiales Energy Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 23
Table 16: Pacific Rubiales Energy Corp., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2009-2013 24
Table 17: Pacific Rubiales Energy Corp., Crude Oil Reserve Changes, mmbbl, 2009-2013 25
Table 18: Pacific Rubiales Energy Corp., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 26
Table 19: Pacific Rubiales Energy Corp., Natural Gas Production and Reserves, By Country/Region, bcf, 2009-2013 27
Table 20: Pacific Rubiales Energy Corp., Natural Gas Reserve Changes, bcf, 2009-2013 28
Table 21: Pacific Rubiales Energy Corp., Oil and Gas Reserves Life Index, Years, 2009-2013 29
Table 22: Pacific Rubiales Energy Corp., Oil and Gas Reserves Life Index, By Country/Region, Years, 2009-2013 31
Table 23: Pacific Rubiales Energy Corp., Upstream Capital Expenditure, US$ mil, 2009-2013 32
Table 24: Pacific Rubiales Energy Corp., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 34
Table 25: Pacific Rubiales Energy Corp., Exploration and Development Costs, By Country/Region, US$ mil, 2009-2013 36
Table 26: Pacific Rubiales Energy Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 37
Table 27: Pacific Rubiales Energy Corp., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2009-2013 40
Table 28: Pacific Rubiales Energy Corp., Oil and Gas Production Replacement Ratio, %, 2009-2013 41
Table 29: Pacific Rubiales Energy Corp., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2009-2013 46
Table 30: Pacific Rubiales Energy Corp., Revenue and Expenses, US$ mil, 2009-2013 47
Table 31: Pacific Rubiales Energy Corp., Revenue and Expenses, By Country/Region, US$ mil, 2009-2013 52
Table 32: Pacific Rubiales Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 53
Table 33: Pacific Rubiales Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2009-2013 57
Table 34: Pacific Rubiales Energy Corp., Oil and Gas Performance Metrics, 2009-2013 58
Table 35: Pacific Rubiales Energy Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 59
Table 36: Pacific Rubiales Energy Corp., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2009-2013 61
Table 37: Pacific Rubiales Energy Corp., Producible Oil and Gas Wells, 2009-2013 62
Table 38: Pacific Rubiales Energy Corp., Producible Oil and Gas Wells, By Country/Region, 2009-2013 66
Table 39: Pacific Rubiales Energy Corp., Exploratory and Developed Wells, 2009-2013 67
Table 40: Pacific Rubiales Energy Corp., Exploratory and Developed Wells, By Country/Region, 2009-2013 68
List Of Figures
List of Figures
Figure 1: Pacific Rubiales Energy Corp., Share Price Performance, CAD/Share, Q3, 2013-Q3, 2014 9
Figure 2: Pacific Rubiales Energy Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2013-Q3, 2014 10
Figure 3: Pacific Rubiales Energy Corp., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2013-Q3, 2014 11
Figure 4: Pacific Rubiales Energy Corp., Upstream Capital Expenditure, US$ mil, Q3, 2013-Q3, 2014 13
Figure 5: Pacific Rubiales Energy Corp., Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2013-Q3, 2014 14
Figure 6: Pacific Rubiales Energy Corp., Total Crude Oil Production, mmbbl, Q3, 2013-Q3, 2014 15
Figure 7: Pacific Rubiales Energy Corp., Total Natural Gas Production, bcf, Q3, 2013-Q3, 2014 16
Figure 8: Pacific Rubiales Energy Corp., Share Price Performance, CAD/Share, 2009-2013 17
Figure 9: Pacific Rubiales Energy Corp., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2009-2013 18
Figure 10: Pacific Rubiales Energy Corp., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2009-2013 19
Figure 11: Pacific Rubiales Energy Corp., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2009-2013 21
Figure 12: Pacific Rubiales Energy Corp., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013 22
Figure 13: Pacific Rubiales Energy Corp., Crude Oil Production and Reserves Metrics, mmbbl, 2009-2013 23
Figure 14: Pacific Rubiales Energy Corp., Oil Reserves, End of Period, By Country/Region, mmbbl, 2009-2013 24
Figure 15: Pacific Rubiales Energy Corp., Crude Oil Reserve Changes, mmbbl, 2013 25
Figure 16: Pacific Rubiales Energy Corp., Natural Gas Production and Reserves Metrics, bcf, 2009-2013 26
Figure 17: Pacific Rubiales Energy Corp., Gas Reserves, End of Period, By Country/Region, bcf, 2009-2013 27
Figure 18: Pacific Rubiales Energy Corp., Natural Gas Reserve Changes, bcf, 2013 28
Figure 19: Pacific Rubiales Energy Corp., Oil and Gas Reserves Life Index, Years, 2009-2013 29
Figure 20: Pacific Rubiales Energy Corp., Gas Reserve Life Index, By Country/Region, Years, 2009-2013 30
Figure 21: Pacific Rubiales Energy Corp., Oil & Gas Reserve Life Index, By Country/Region, Years, 2009-2013 30
Figure 22: Pacific Rubiales Energy Corp., Oil Reserve Life Index, By Country/Region, Years, 2009-2013 31
Figure 23: Pacific Rubiales Energy Corp., Upstream Capital Expenditure, US$ mil, 2009-2013 32
Figure 24: Pacific Rubiales Energy Corp., Proved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 33
Figure 25: Pacific Rubiales Energy Corp., Unproved Acquisition Costs, By Country/Region, US$ mil, 2009-2013 33
Figure 26: Pacific Rubiales Energy Corp., Development Costs, By Country/Region, US$ mil, 2009-2013 35
Figure 27: Pacific Rubiales Energy Corp., Exploration Costs, By Country/Region, US$ mil, 2009-2013 35
Figure 28: Pacific Rubiales Energy Corp., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2009-2013 37
Figure 29: Pacific Rubiales Energy Corp., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 39
Figure 30: Pacific Rubiales Energy Corp., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 39
Figure 31: Pacific Rubiales Energy Corp., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2009-2013 40
Figure 32: Pacific Rubiales Energy Corp., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2009-2013 41
Figure 33: Pacific Rubiales Energy Corp., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2009-2013 43
Figure 34: Pacific Rubiales Energy Corp., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2009-2013 43
Figure 35: Pacific Rubiales Energy Corp., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2009-2013 44
Figure 36: Pacific Rubiales Energy Corp., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2009-2013 44
Figure 37: Pacific Rubiales Energy Corp., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2009-2013 45
Figure 38: Pacific Rubiales Energy Corp., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2009-2013 45
Figure 39: Pacific Rubiales Energy Corp., Revenue and Expenses, US$ mil, 2009-2013 47
Figure 40: Pacific Rubiales Energy Corp., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 48
Figure 41: Pacific Rubiales Energy Corp., Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 48
Figure 42: Pacific Rubiales Energy Corp., Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 49
Figure 43: Pacific Rubiales Energy Corp., Oil & Gas Revenue, By Country/Region, US$ mil, 2009-2013 49
Figure 44: Pacific Rubiales Energy Corp., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 50
Figure 45: Pacific Rubiales Energy Corp., Production Costs, By Country/Region, US$ mil, 2009-2013 50
Figure 46: Pacific Rubiales Energy Corp., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2009-2013 51
Figure 47: Pacific Rubiales Energy Corp., Oil and Gas Revenue and Expenses, US$/boe, 2009-2013 53
Figure 48: Pacific Rubiales Energy Corp., Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2009-2013 54
Figure 49: Pacific Rubiales Energy Corp., Lifting Cost per boe, By Country/Region, US$/boe, 2009-2013 54
Figure 50: Pacific Rubiales Energy Corp., Annual Net Income per boe, By Country/Region, US$/boe, 2009-2013 55
Figure 51: Pacific Rubiales Energy Corp., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2009-2013 55
Figure 52: Pacific Rubiales Energy Corp., Total DD&A per boe, By Country/Region, US$/boe, 2009-2013 56
Figure 53: Pacific Rubiales Energy Corp., Total Revenue per boe, By Country/Region, US$/boe, 2009-2013 56
Figure 54: Pacific Rubiales Energy Corp., Oil and Gas Performance Metrics, 2009-2013 58
Figure 55: Pacific Rubiales Energy Corp., Land Holdings (Developed and Undeveloped Acreage), Acres, 2009-2013 59
Figure 56: Pacific Rubiales Energy Corp., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2009-2013 60
Figure 57: Pacific Rubiales Energy Corp., Total Net Undeveloped Acreage, By Country/Region, Acres, 2009-2013 60
Figure 58: Pacific Rubiales Energy Corp., Producible Oil and Gas Wells, 2009-2013 62
Figure 59: Pacific Rubiales Energy Corp., Gross Productive Gas Wells, By Country/Region, Number, 2009-2013 63
Figure 60: Pacific Rubiales Energy Corp., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 63
Figure 61: Pacific Rubiales Energy Corp., Gross Productive Oil Wells, By Country/Region, Number, 2009-2013 64
Figure 62: Pacific Rubiales Energy Corp., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2009-2013 64
Figure 63: Pacific Rubiales Energy Corp., Net Productive Gas Wells, By Country/Region, Number, 2009-2013 65
Figure 64: Pacific Rubiales Energy Corp., Net Productive Oil & Gas Wells, By Country/Region, Number, 2009-2013 65
Figure 65: Pacific Rubiales Energy Corp., Net Productive Oil Wells, By Country/Region, Number, 2009-2013 66
Figure 66: Pacific Rubiales Energy Corp., Exploratory and Developed Wells, 2009-2013 67
