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Table of Contents
Table of Contents 2
List of Tables 5
List of Figures 6
Company Snapshot 8
Key Information 8
Company Overview 8
PrimeEnergy Corporation, Valuation and Financial Data 9
PrimeEnergy Corporation, Share Price Performance 9
Share Price Performance, Q3, 2015-Q3, 2016 9
PrimeEnergy Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q3, 2015-Q3, 2016 10
PrimeEnergy Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q3, 2015-Q3, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q3, 2015-Q3, 2016 12
PrimeEnergy Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q3, 2015-Q3, 2016 13
PrimeEnergy Corporation, Quarterly Production Trends 14
PrimeEnergy Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q3, 2015-Q3, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q3, 2015-Q3, 2016 15
PrimeEnergy Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q3, 2015-Q3, 2016 16
Crude Oil Production, By Country/Region, Q3, 2015-Q3, 2016 17
PrimeEnergy Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q3, 2015-Q3, 2016 18
Natural Gas Production, By Country/Region, Q3, 2015-Q3, 2016 19
PrimeEnergy Corporation, Valuation and Financial Data, 2011-2015 20
PrimeEnergy Corporation, Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
PrimeEnergy Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
PrimeEnergy Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 40
Oil and Gas Cost Per boe, US$/boe 42
Oil and Gas Cost Per boe, US$/boe, 2011-2015 42
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
PrimeEnergy Corporation, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
PrimeEnergy Corporation, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2011-2015 52
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53
Oil and Gas Revenue and Expenses, Per boe 58
Oil and Gas Revenue and Expenses, By boe, 2011-2015 58
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 59
Oil and Gas Performance Metrics 63
PrimeEnergy Corporation, Land Holdings and Well Data 64
Developed and Undeveloped Acreage 64
Gross and Net Developed and Undeveloped Acreage, 2011-2015 64
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 65
Well Statistics 67
Producible Oil and Gas Well, 2011-2015 67
Producible Oil and Gas Well, By Country/Region, 2011-2015 68
Exploration and Development Wells Drilled, 2011-2015 72
PrimeEnergy Corporation - Recent Developments 73
Nov 14, 2016: PrimeEnergy Announces Third Quarter Results 73
Aug 15, 2016: PrimeEnergy Announces Second Quarter Results 73
May 16, 2016: PrimeEnergy Announces First Quarter Results 73
Apr 08, 2016: PrimeEnergy Announces Yearend Drilling And Financial Results 73
Aug 04, 2015: PrimeEnergy Announces Second Quarter Results: Update August 04, 2015 73
May 14, 2015: PrimeEnergy Announces First Quarter Results 74
Mar 18, 2015: PrimeEnergy Announces Yearend Drilling and Financial Results 74
Appendix 75
Methodology 75
Coverage 75
Secondary Research 75
Primary Research 75
Data Information Sources 76
Company Source 76
SEC/Other Regulatory Filings 76
Other Sources 76
Expert Panel Validation 76
Data Definition 76
Oil and Gas Reserves 76
Units of Measure 77
About GlobalData 77
Disclosure 77
Disclaimer 77
List of Tables
Table 1: PrimeEnergy Corporation, Key Facts 8
Table 2: PrimeEnergy Corporation, Share Price Performance, Q3, 2015-Q3, 2016 9
Table 3: PrimeEnergy Corporation, Key Valuation Metrics, Q3, 2015-Q3, 2016 10
Table 4: PrimeEnergy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2015-Q3, 2016 11
Table 5: PrimeEnergy Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q3, 2015-Q3, 2016 12
Table 6: PrimeEnergy Corporation, Upstream Capital Expenditure, Q3, 2015-Q3, 2016 13
Table 7: PrimeEnergy Corporation, Total Crude Oil and Natural Gas, Production, Q3, 2015-Q3, 2016 14
Table 8: PrimeEnergy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2015-Q3, 2016 15
Table 9: PrimeEnergy Corporation, Total Crude Oil Production, mmbbl, Q3, 2015-Q3, 2016 16
Table 10: PrimeEnergy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2015-Q3, 2016 17
Table 11: PrimeEnergy Corporation, Total Natural Gas Production, bcf, Q3, 2015-Q3, 2016 18
Table 12: PrimeEnergy Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2015-Q3, 2016 19
Table 13: PrimeEnergy Corporation, Share Price Performance, 2011-2015 20
Table 14: PrimeEnergy Corporation, Key Valuation Metrics, 2011-2015 21
Table 15: PrimeEnergy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: PrimeEnergy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: PrimeEnergy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: PrimeEnergy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: PrimeEnergy Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: PrimeEnergy Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: PrimeEnergy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: PrimeEnergy Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: PrimeEnergy Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: PrimeEnergy Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: PrimeEnergy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: PrimeEnergy Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: PrimeEnergy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Table 28: PrimeEnergy Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 41
Table 29: PrimeEnergy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: PrimeEnergy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: PrimeEnergy Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Table 32: PrimeEnergy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: PrimeEnergy Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: PrimeEnergy Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57
Table 35: PrimeEnergy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Table 36: PrimeEnergy Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 62
Table 37: PrimeEnergy Corporation, Oil and Gas Performance Metrics, 2011-2015 63
Table 38: PrimeEnergy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Table 39: PrimeEnergy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 66
Table 40: PrimeEnergy Corporation, Producible Oil and Gas Wells, 2011-2015 67
Table 41: PrimeEnergy Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 71
Table 42: PrimeEnergy Corporation, Exploratory and Developed Wells, 2011-2015 72
List of Figures
Figure 1: PrimeEnergy Corporation, Share Price Performance, USD/Share, Q3, 2015-Q3, 2016 9
Figure 2: PrimeEnergy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q3, 2015-Q3, 2016 10
Figure 3: PrimeEnergy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q3, 2015-Q3, 2016 11
Figure 4: PrimeEnergy Corporation, Upstream Capital Expenditure, US$ mil, Q3, 2015-Q3, 2016 13
Figure 5: PrimeEnergy Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q3, 2015-Q3, 2016 14
Figure 6: PrimeEnergy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q3, 2015-Q3, 2016 15
Figure 7: PrimeEnergy Corporation, Total Crude Oil Production, mmbbl, Q3, 2015-Q3, 2016 16
Figure 8: PrimeEnergy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q3, 2015-Q3, 2016 17
Figure 9: PrimeEnergy Corporation, Total Natural Gas Production, bcf, Q3, 2015-Q3, 2016 18
Figure 10: PrimeEnergy Corporation, Natural Gas Production, By Country/Region, bcf, Q3, 2015-Q3, 2016 19
Figure 11: PrimeEnergy Corporation, Share Price Performance, USD/Share, 2011-2015 20
Figure 12: PrimeEnergy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: PrimeEnergy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: PrimeEnergy Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: PrimeEnergy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: PrimeEnergy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: PrimeEnergy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: PrimeEnergy Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: PrimeEnergy Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: PrimeEnergy Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: PrimeEnergy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: PrimeEnergy Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: PrimeEnergy Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: PrimeEnergy Corporation, Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: PrimeEnergy Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: PrimeEnergy Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: PrimeEnergy Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: PrimeEnergy Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 29: PrimeEnergy Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: PrimeEnergy Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: PrimeEnergy Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 32: PrimeEnergy Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 40
Figure 33: PrimeEnergy Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 42
Figure 34: PrimeEnergy Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 35: PrimeEnergy Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: PrimeEnergy Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 37: PrimeEnergy Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 38: PrimeEnergy Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 39: PrimeEnergy Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: PrimeEnergy Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 41: PrimeEnergy Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: PrimeEnergy Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 43: PrimeEnergy Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: PrimeEnergy Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Figure 45: PrimeEnergy Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 46: PrimeEnergy Corporation, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53
Figure 47: PrimeEnergy Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 48: PrimeEnergy Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 49: PrimeEnergy Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55
Figure 50: PrimeEnergy Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 51: PrimeEnergy Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 56
Figure 52: PrimeEnergy Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 53: PrimeEnergy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 58
Figure 54: PrimeEnergy Corporation, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 55: PrimeEnergy Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 59
Figure 56: PrimeEnergy Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 57: PrimeEnergy Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 58: PrimeEnergy Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 59: PrimeEnergy Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 60: PrimeEnergy Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 61: PrimeEnergy Corporation, Oil and Gas Performance Metrics, 2011-2015 63
Figure 62: PrimeEnergy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 64
Figure 63: PrimeEnergy Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 64: PrimeEnergy Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 65
Figure 65: PrimeEnergy Corporation, Producible Oil and Gas Wells, 2011-2015 67
Figure 66: PrimeEnergy Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 67: PrimeEnergy Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 68
Figure 68: PrimeEnergy Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 69
Figure 69: PrimeEnergy Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 69
Figure 70: PrimeEnergy Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 71: PrimeEnergy Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 70
Figure 72: PrimeEnergy Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 71
Figure 73: PrimeEnergy Corporation, Exploratory and Developed Wells, 2011-2015 72