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Large Independent Canadian Exploration and Production (E&P) Companies Benchmarking Analysis

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Market

Energy and Utilities

Report Type

Market Research

Country

Canada

Published

15 July 2009

Number of Pages

141

Report Delivery

Email

Delivery Lead Time

-

Publisher

GlobalData

File Format

-

Report: Enerplus Resources Fund, by spending $1,691.5 million in acquisition activities in 2008, ranks first among the large independent Canadian E&P companies

This new report "Large Independent Canadian Exploration and Production (E&P) Companies Benchmarking Analysis" provides analysis on the operational and financial parameters of the large independent Canadian E&P companies. The report analyzes the performance of companies based on indicators such as reserves & production, capital expenditure, costs, acreage, performance metrics, and results of oil and gas operations. It helps in identifying the strengths and weaknesses of the leading Canadian independent E&P companies.

The Large Independent Canadian Exploration and Production (E&P) Companies Benchmarking Analysis report is based on publicly available data filed with the US Securities and Exchange Commission (SEC) and other similar agencies worldwide. This has then been analyzed by GlobalData’s in house team of experts.

Proved Oil and Gas Reserves Of The Large Independent Canadian E&P Companies decreased By 1.2% In 2008

Proved oil and gas reserves of the large independent Canadian E&P companies decreased in 2008, down from 10.7 billion barrels of oil equivalent (boe) in 2007 to 10.5 billion boe in 2008. However, the total proved gas reserves of the large independent Canadian E&P companies increased to 27.8 Tcf in 2008, up by 3.9% from the previous year. On the other hand, Proved oil reserves of the large independent Canadian E&P companies declined by 4.9%, from 6,201.0 Million Barrels (MMbbl) in 2007 to 5,896.7 MMbbl in 2008. The reported oil and gas reserves volumes were impacted by the negative reserves revisions reported by the companies as a result of the drop in commodity prices at the end of 2008.

EnCana Corporation Is the Leading Company In Terms Of Proved Oil and Gas Reserves and Production

EnCana Corporation had the highest oil and gas proved reserves of 3,285.3 MMboe among the large independent Canadian E&P companies. The company also witnessed a growth in both its production and reserves. The company's proved reserves increased by 4.5%, from 3,143.8 MMboe in 2007 to 3,285.2 MMboe in 2008. Its total oil and gas production increased to 283.0 MMboe in 2008, up by 6.4% from the previous year.

The Total Oil and Gas Production Of The Large Independent Canadian E&P Companies decreased by 1.4% In 2008

Total oil and gas production of the large independent Canadian E&P companies was 1,020.3 MMboe in 2008, down by 1.4% from 2007. The total oil and gas production declined despite an increase in the natural gas production. The natural gas production of the large independent Canadian E&P companies went up by 1.9% from 2,953.9 Bcf in 2007 to 3,009.7Bcf in 2008. However, oil production of the large independent Canadian E&P companies registered a decline of 4.4% from the previous year. Penn West Energy Trust witnessed the highest production growth among the large independent Canadian E&P companies. The company’s production grew at a CAGR of 19.2% during 2004-08.

Capital Expenditure of The Large Independent Canadian E&P Companies Increased Significantly By 20.9% Driven By the High Crude Oil Price In the First Half Of 2008

Increased exploration and drilling activities along with a significant rise in unproved property acquisition costs led to rise in total costs incurred by the large independent Canadian E&P companies to $28.3 billion in 2008, up by 20.9% from the previous year. Total acquisition spending increased by 23.4% in 2008, up from $5.1 billion in 2007 to $6.3 billion in 2008, mainly due to rise in unproved property acquisition costs.

Enerplus Resources Fund, by spending $1,691.5 million in acquisition activities in 2008, ranks first among the large independent Canadian E&P companies. The company's acquisition cost increased at a CAGR of 36.3% from $490.1 million in 2004 to $1,691.5 million in 2008.

Oil and Gas Revenues of The Large Independent Canadian E&P Companies Increased On Account Of Increase In Production And Higher Realization Price

Average oil and gas revenue per boe of the large independent Canadian E&P companies increased from $53.0 per boe in 2007 to $70.9 per boe in 2008, a significant 33.8% increase over the previous year. Revenues of the large independent Canadian E&P companies increased in 2008 as a result of increased production and a rise in the average realization price as compared to 2007. However, the net income of oil and gas companies was affected by the surging costs and impairment charges in 2008.

Husky Energy Inc., with net income per boe of $30.2 in 2008, ranks first among the Large Independent Canadian E&P Companies.

Large Independent Canadian E&P Companies Benchmarking Analysis report ranks large, independent oil and gas companies in Canada among their peer group companies by comparing them based on performance, scale, growth and exposure.

Scope

- Benchmarks the Large Independent Canadian E&P Companies against their closest competitors on four key pillars: performance, scale, growth and exposure.
- Provides financial and operational comparison among the Large Independent Canadian E&P Companies.
- Compares and assesses the performance and business prospects of the Large Independent Canadian E&P Companies.
- The report compares the Large Independent Canadian E&P Companies based on their last five years operational and financial data taken from their annual reports and regulatory filings.

Reasons to buy

- Rank your performance against other Large Independent Canadian E&P Companies using our benchmarking tools and metrics
- Improve decision making on the basis of peer comparison.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational parameters of your competitors.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational parameters.

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Select License Type

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Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

Site License

Site License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is intended for use by more than one individual, across for example, a site, an office, or a division or country.

Corporate License

Corporate License

An electronic version (mostly PDF, but can be Excel or PPT). Where the report(s) is/are intended for use by an organisation in its entirety. For example, if reports are put on an Intranet or if they are distributed or used by more than one office, division, or country operation, then a Corporate Licence is required.

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