Parex Resources Inc. Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2016

GlobalData
82 Pages - GLDATA58500
$250.00

Summary

Parex Resources Inc. 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 metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

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 following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company’s oil and gas reserves and production information by country. It further consists of in-depth information on the company’s expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company’s share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector 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 metrics.
- Establish relative performance among the industry’s players based on key operational and financial measures.

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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Parex Resources Inc., Valuation and Financial Data 8
Parex Resources Inc., Share Price Performance 8
Share Price Performance, Q2, 2015-Q2, 2016 8
Parex Resources Inc., Key Valuation Metrics 9
Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Parex Resources Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 10
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 11
Parex Resources Inc., Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
Parex Resources Inc., Quarterly Production Trends 13
Parex Resources Inc., Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 14
Parex Resources Inc., Crude Oil Production 15
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 15
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 16
Parex Resources Inc., Natural Gas Production 17
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 17
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 18
Parex Resources Inc., Valuation and Financial Data, 2011-2015 19
Parex Resources Inc., Share Price Performance, 2011-2015 19
Share Price Performance, 2011-2015 19
Key Valuation Metrics, 2011-2015 20
Parex Resources Inc., Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 22
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 24
Crude Oil/Liquids Production and Reserve 25
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 25
Crude Oil Production and Reserves By Country/Region, 2011-2015 26
Crude Oil/Liquids Reserve Changes, 2011-2015 28
Natural Gas Production and Reserve 29
Natural Gas Production and Reserve Trend, 2011-2015 29
Natural Gas Production and Reserves, By Country/Region, 2011-2015 30
Natural Gas Reserve Changes, 2011-2015 31
Total Crude Oil and Natural Gas Reserves Life Index 32
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 32
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 33
Parex Resources Inc., E&P Costs Trends 35
Allocation of the Upstream Capital Expenditure 35
Upstream Capital Expenditure, 2011-2015 35
Acquisition Costs By Country/Region, 2011-2015 36
Exploration and Development Costs, By Country/Region, 2011-2015 38
Oil and Gas Cost Per boe, US$/boe 40
Oil and Gas Cost Per boe, US$/boe, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 41
Parex Resources Inc., Reserve Replacement Ratio 43
Oil and Gas Production Replacement Ratio 43
Oil and Gas Production Replacement Ratio, 2011-2015 43
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 45
Parex Resources Inc., Results of Oil & Gas Operations Trend 49
Oil and Gas Revenue and Expenses 49
Oil and Gas Revenue and Expenses, 2011-2015 49
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 50
Oil and Gas Revenue and Expenses, Per boe 54
Oil and Gas Revenue and Expenses, By boe, 2011-2015 54
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 55
Oil and Gas Performance Metrics 58
Parex Resources Inc., Land Holdings and Well Data 59
Developed and Undeveloped Acreage 59
Gross and Net Developed and Undeveloped Acreage, 2011-2015 59
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 60
Well Statistics 63
Producible Oil and Gas Well, 2011-2015 63
Producible Oil and Gas Well, By Country/Region, 2011-2015 64
Exploration and Development Wells Drilled, 2011-2015 67
Recent Developments 68
Parex Resources Inc. - Recent Developments 68
Oct 04, 2016: Parex Announces Appointments To The Board Of Directors 68
Sep 08, 2016: Parex Provides Operational Update & Upcoming Drilling Program 68
Aug 10, 2016: Parex reports 2016 second quarter results 69
Jul 07, 2016: Parex Provides Operational Update Highlighted By Jacana Field Extension 70
May 10, 2016: Parex Resources Announces 2016 First Quarter Results And Initiates 13 Well Drilling Program 71
Mar 08, 2016: Parex Resources Announces 2015 Fourth Quarter And Full Year 2015 Results 71
Feb 08, 2016: Parex Resources Increases 2P Reserves To 82 MMboe, Achieves 232% 2P Reserves Replacement, And Delivers 2P F&D Of USD$0.99/boe 74
Nov 05, 2015: Parex Announces Executive Management Changes 75
Nov 02, 2015: Parex Announces 2015 Third Quarter Results Highlighted By Record Production And Balance Sheet Strength 76
Nov 02, 2015: Parex 2016 Guidance: 10% Growth To 30,200 bopd 77
Appendix 80
Methodology 80
Coverage 80
Secondary Research 80
Primary Research 80
Data Information Sources 81
Company Source 81
SEC/Other Regulatory Filings 81
Other Sources 81
Expert Panel Validation 81
Data Definition 81
Oil and Gas Reserves 81
Units of Measure 82
About GlobalData 82
Disclosure 82
Disclaimer 82

List of Tables
Table 1: Parex Resources Inc., Key Facts 7
Table 2: Parex Resources Inc., Share Price Performance, Q2, 2015-Q2, 2016 8
Table 3: Parex Resources Inc., Key Valuation Metrics, Q2, 2015-Q2, 2016 9
Table 4: Parex Resources Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Table 5: Parex Resources Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 11
Table 6: Parex Resources Inc., Upstream Capital Expenditure, Q2, 2015-Q2, 2016 12
Table 7: Parex Resources Inc., Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 13
Table 8: Parex Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 14
Table 9: Parex Resources Inc., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 15
Table 10: Parex Resources Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 16
Table 11: Parex Resources Inc., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 17
Table 12: Parex Resources Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 18
Table 13: Parex Resources Inc., Share Price Performance, 2011-2015 19
Table 14: Parex Resources Inc., Key Valuation Metrics, 2011-2015 20
Table 15: Parex Resources Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21
Table 16: Parex Resources Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 23
Table 17: Parex Resources Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 24
Table 18: Parex Resources Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25
Table 19: Parex Resources Inc., Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 27
Table 20: Parex Resources Inc., Crude Oil Reserve Changes, mmbbl, 2011-2015 28
Table 21: Parex Resources Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29
Table 22: Parex Resources Inc., Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 30
Table 23: Parex Resources Inc., Natural Gas Reserve Changes, bcf, 2011-2015 31
Table 24: Parex Resources Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 32
Table 25: Parex Resources Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 34
Table 26: Parex Resources Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 35
Table 27: Parex Resources Inc., Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 37
Table 28: Parex Resources Inc., Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 39
Table 29: Parex Resources Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 40
Table 30: Parex Resources Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 42
Table 31: Parex Resources Inc., Oil and Gas Production Replacement Ratio, %, 2011-2015 44
Table 32: Parex Resources Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 48
Table 33: Parex Resources Inc., Revenue and Expenses, US$ mil, 2011-2015 49
Table 34: Parex Resources Inc., Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 53
Table 35: Parex Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 54
Table 36: Parex Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 57
Table 37: Parex Resources Inc., Oil and Gas Performance Metrics, 2011-2015 58
Table 38: Parex Resources Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 59
Table 39: Parex Resources Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 62
Table 40: Parex Resources Inc., Producible Oil and Gas Wells, 2011-2015 63
Table 41: Parex Resources Inc., Producible Oil and Gas Wells, By Country/Region, 2011-2015 66
Table 42: Parex Resources Inc., Exploratory and Developed Wells, 2011-2015 67

List of Figures
Figure 1: Parex Resources Inc., Share Price Performance, CAD/Share, Q2, 2015-Q2, 2016 8
Figure 2: Parex Resources Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 9
Figure 3: Parex Resources Inc., Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 10
Figure 4: Parex Resources Inc., Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 12
Figure 5: Parex Resources Inc., Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 13
Figure 6: Parex Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 14
Figure 7: Parex Resources Inc., Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 15
Figure 8: Parex Resources Inc., Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 16
Figure 9: Parex Resources Inc., Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 17
Figure 10: Parex Resources Inc., Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 18
Figure 11: Parex Resources Inc., Share Price Performance, CAD/Share, 2011-2015 19
Figure 12: Parex Resources Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 20
Figure 13: Parex Resources Inc., Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 21
Figure 14: Parex Resources Inc., Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 22
Figure 15: Parex Resources Inc., Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 22
Figure 16: Parex Resources Inc., Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 24
Figure 17: Parex Resources Inc., Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 25
Figure 18: Parex Resources Inc., Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 26
Figure 19: Parex Resources Inc., Oil Production, By Country/Region, mmbbl, 2011-2015 26
Figure 20: Parex Resources Inc., Crude Oil Reserve Changes, mmbbl, 2015 28
Figure 21: Parex Resources Inc., Natural Gas Production and Reserves Metrics, bcf, 2011-2015 29
Figure 22: Parex Resources Inc., Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 30
Figure 23: Parex Resources Inc., Natural Gas Reserve Changes, bcf, 2015 31
Figure 24: Parex Resources Inc., Oil and Gas Reserves Life Index, Years, 2011-2015 32
Figure 25: Parex Resources Inc., Gas Reserve Life Index, By Country/Region, Years, 2011-2015 33
Figure 26: Parex Resources Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 33
Figure 27: Parex Resources Inc., Oil Reserve Life Index, By Country/Region, Years, 2011-2015 34
Figure 28: Parex Resources Inc., Upstream Capital Expenditure, US$ mil, 2011-2015 35
Figure 29: Parex Resources Inc., Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 36
Figure 30: Parex Resources Inc., Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 36
Figure 31: Parex Resources Inc., Development Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 32: Parex Resources Inc., Exploration Costs, By Country/Region, US$ mil, 2011-2015 38
Figure 33: Parex Resources Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 40
Figure 34: Parex Resources Inc., Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 41
Figure 35: Parex Resources Inc., Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 41
Figure 36: Parex Resources Inc., Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 42
Figure 37: Parex Resources Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 43
Figure 38: Parex Resources Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 45
Figure 39: Parex Resources Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 45
Figure 40: Parex Resources Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 46
Figure 41: Parex Resources Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 46
Figure 42: Parex Resources Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 47
Figure 43: Parex Resources Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 47
Figure 44: Parex Resources Inc., Revenue and Expenses, US$ mil, 2011-2015 49
Figure 45: Parex Resources Inc., Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 50
Figure 46: Parex Resources Inc., Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 50
Figure 47: Parex Resources Inc., Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 51
Figure 48: Parex Resources Inc., Production Costs, By Country/Region, US$ mil, 2011-2015 51
Figure 49: Parex Resources Inc., Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 52
Figure 50: Parex Resources Inc., Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 54
Figure 51: Parex Resources Inc., Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 55
Figure 52: Parex Resources Inc., Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 55
Figure 53: Parex Resources Inc., Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 56
Figure 54: Parex Resources Inc., Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 56
Figure 55: Parex Resources Inc., Oil and Gas Performance Metrics, 2011-2015 58
Figure 56: Parex Resources Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 59
Figure 57: Parex Resources Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 60
Figure 58: Parex Resources Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 60
Figure 59: Parex Resources Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 61
Figure 60: Parex Resources Inc., Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 61
Figure 61: Parex Resources Inc., Producible Oil and Gas Wells, 2011-2015 63
Figure 62: Parex Resources Inc., Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 64
Figure 63: Parex Resources Inc., Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 64
Figure 64: Parex Resources Inc., Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 65
Figure 65: Parex Resources Inc., Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 65
Figure 66: Parex Resources Inc., Net Productive Oil Wells, By Country/Region, Number, 2011-2015 66
Figure 67: Parex Resources Inc., Exploratory and Developed Wells, 2011-2015 67

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