1 Table of Contents 3
1.1 List of Tables 7
1.2 List of Figures 9
2 Reserves and Production Analysis 11
2.1 Analysis of leading 200 Oil & Gas Companies 11
2.2 Mid-Size Canadian E&P Companies, Oil & Gas Reserves Trend, 2004-2008 12
2.2.1 Total Proved Oil & Gas Reserves, 2004-2008 12
2.2.2 Developed Oil & Gas Reserves, 2004-2008 14
2.2.3 Undeveloped Oil & Gas Reserves, 2004-2008 16
2.2.4 Oil & Gas Finding & Development Reserves Additions, 2004-2008 18
2.2.5 Oil & Gas Reserves Replacement Additions, 2004-2008 20
2.2.6 Oil & Gas Finding Reserves Additions, 2004-2008 22
2.2.7 Proved Oil Reserves Trend, 2004-2008 24
2.2.8 Proved Gas Reserves Trend, 2004-2008 26
2.3 Mid-Size Canadian E&P Companies, Oil and Gas Production Trend, 2004-2008 28
2.3.1 Oil and Gas Production Trend, 2004-2008 28
2.3.2 Oil Production Trend, 2004-2008 30
2.3.3 Gas Production Trend, 2004-2008 32
2.4 Mid-Size Canadian E&P Companies, Reserves & Production Trend, 2004-2008 34
2.4.1 Oil and Gas Reserves Growth, 2004-2008 34
2.4.2 Oil and Gas Production Growth, 2004-2008 36
2.5 Mid-Size Canadian E&P Companies, Reserves Life Ratio, 2004-2008 38
2.5.1 Oil and Gas Reserve/Production Ratio, Years, 2004-2008 38
3 Reserve Replacement Ratio Analysis 40
3.1 Analysis of leading 200 Oil & Gas Companies 40
3.2 Mid-Size Canadian E&P Companies, Oil & Gas Reserve Replacement (Excluding Sales), %, 2004-2008 40
3.3 Mid-Size Canadian E&P Companies, Oil & Gas F&D Reserve Replacement (Organic, Including Revision), %, 2004-2008 42
3.4 Mid-Size Canadian E&P Companies, Oil & Gas F&D Reserve Replacement (Organic, Excluding Revision), %, 2004-2008 44
3.5 Mid-Size Canadian E&P Companies, Oil & Gas Reserve Replacement (Including Sales), %, 2004-2008 46
4 Costs Incurred In Upstream Oil & Gas Operations 48
4.1 Analysis of leading 200 Oil & Gas Companies 48
4.2 Mid-Size Canadian E&P Companies, Total Costs Incurred, 2004-2008 49
4.3 Mid-Size Canadian E&P Companies, E&P Upstream Capital Expenditure By Type, 2004-2008 51
4.3.1 Total Acquisition Costs, 2004-2008 51
4.3.2 Exploration Costs, 2004-2008 53
4.3.3 Development Costs, 2004-2008 55
4.3.4 Finding & Development Costs, 2004-2008 57
4.4 Mid-Size Canadian E&P Companies, Oil and Gas Costs Per Boe, $/boe, 2004-2008 59
4.4.1 Oil and Gas Finding & Development Costs Per Boe, $/boe, 2004-2008 59
4.4.2 Oil and Gas Reserve Replacement Cost Per Boe, $/boe, 2004-2008 61
4.4.3 Oil and Gas Proved Acquisition Cost per boe, 3-Year, $/BOE 2004-2008 63
4.4.4 Oil and Gas E/D&IR (Extension/Discoveries and Improved Recovery) Cost Per Boe, $/boe, 2004-2008 65
4.4.5 Oil and Gas Finding Costs Per Boe, $/boe, 2004-2008 67
5 Result of Oil and Gas Operations 69
5.1 Analysis of leading 200 Oil & Gas Companies 69
5.2 Mid-Size Canadian E&P Companies, Oil and Gas Revenue, Cash Flow & Total Expenses, 2004-2008 70
5.2.1 Oil & Gas Revenue From Upstream Oil & Gas Operations, $ Million, 2004-2008 70
5.2.2 Total Expenses From Upstream Oil & Gas Operations, $ Million, 2004-2008 72
5.3 Mid-Size Canadian E&P Companies, Performance Metrics, $/boe, 2004-2008 74
5.3.1 Oil & Gas Revenue per boe, $/BOE, 2004-2008 74
5.3.2 Total Depreciation, Depletion & Amortization (DD&A) per boe, $/BOE, 2004-2008 76
5.3.3 Lifting Cost per boe, $/BOE, 2004-2008 78
5.3.4 Net-back per boe, $/BOE, 2004-2008 80
6 Acreage and Well Analysis 82
6.1 Mid-Size Canadian E&P Companies, Developed and Undeveloped Acreage, 2004-2008 82
6.1.1 Total Net Undeveloped Acreage, (Thousand Acres), 2004-2008 82
6.2 Mid-Size Canadian E&P Companies, Well Data, 2004-2008 84
6.2.1 F&D Cost per Drilled Well, 2004-2008 84
6.2.2 Developed Oil & Gas Reserves per well, 2004-2008 86
6.2.3 Developed Oil Reserves per Well, 2004-2008 88
6.2.4 Developed Gas Reserves per Well, 2004-2008 90
7 Financial Performance Analysis 92
7.1 Analysis of leading 200 Oil & Gas Companies 92
7.2 Mid-Size Canadian E&P Companies, Revenue, $ Million, 2004-2008 93
7.3 Mid-Size Canadian E&P Companies, Operating Income, $ Million, 2004-2008 95
7.4 Mid-Size Canadian E&P Companies, Net Income, $ Million, 2004-2008 97
7.5 Mid-Size Canadian E&P Companies, Operating Cash Flow, $ Million, 2004-2008 99
7.6 Mid-Size Canadian E&P Companies, Performance Metrics, 2004-2008 101
7.6.1 Average Return on Fixed Assets, %, 2004-2008 101
7.6.2 Average Operating Return on Capital Employed, %, 2004-2008 103
7.6.3 Average Operating Profit Margin, %, 2004-2008 105
7.7 Mid-Size Canadian E&P Companies, Growth Ratio, 2004-2008 107
7.7.1 Revenue Growth, 2004-2008 107
7.7.2 Profit Growth, 2004-2008 109
7.7.3 Growth in Operating Cash Flow, 2004 - 2008 111
7.8 Mid-Size Canadian E&P Companies, Exposure Ratio, 2004-2008 113
7.8.1 Debt leverage, %, 2004-2008 113
8 Appendix 115
8.1 Methodology 115
8.1.1 Coverage 115
8.1.2 Secondary Research 116
8.1.3 Primary Research 116
8.1.4 Expert Panel Validation 117
8.2 Definition 117
8.2.1 Oil and Gas Reserves 117
8.2.2 Acreage and Well Information 117
8.2.3 Cost Incurred in Oil and Gas Operations 118
8.2.4 Reserves Replacement Ratio 123
8.2.5 Results of Oil & Gas Operations 126
8.2.6 Results of Oil & Gas Operations Per BOE Produced 130
8.3 Contact Us 132
8.4 About GlobalData 132
8.5 Disclaimer 132