Enerplus Corp Oil & Gas Exploration and Production Operations and Cost Analysis – Q4, 2017

◆英語タイトル:Enerplus Corp Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2017
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【レポートの概要】

Enerplus Corp Oil & Gas Exploration and Production Operations and Cost Analysis – Q4, 2017
Summary

Enerplus Corp (Enerplus), formerly Enerplus Resources Fund is an oil and gas company that offers exploration and development services. The company provides exploration and development of natural resource properties for the production of crude oil, light and heavy oil, natural gas, shallow gas, shale, coal bed methane and others. Enerplus offers explorations on the portfolio of oil and natural gas assets in Canada and the US. The company holds interest in oil and natural gas properties in Canada and the US. Enerplus is headquartered in Calgary, Alberta, Canada.

Enerplus 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 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.

【レポートの目次】

Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Enerplus Corp, Valuation and Financial Data 8
Enerplus Corp, Share Price Performance 8
Share Price Performance, Q4, 2016-Q4, 2017 8
Enerplus Corp, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2016-Q4, 2017 9
Enerplus Corp, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q4, 2016-Q4, 2017 10
Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2016-Q4, 2017 11
Enerplus Corp, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
Enerplus Corp, Quarterly Production Trends 13
Enerplus Corp, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q4, 2016-Q4, 2017 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 15
Enerplus Corp, Crude Oil Production 16
Total Crude Oil Production Trend, Q4, 2016-Q4, 2017 16
Crude Oil Production, By Country/Region, Q4, 2016-Q4, 2017 17
Enerplus Corp, Natural Gas Production 18
Total Natural Gas Production Trend, Q4, 2016-Q4, 2017 18
Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 19
Enerplus Corp, Valuation and Financial Data, 2013-2017 20
Enerplus Corp, Share Price Performance, 2013-2017 20
Share Price Performance, 2013-2017 20
Key Valuation Metrics, 2013-2017 21
Enerplus Corp, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 24
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 26
Crude Oil/Liquids Production and Reserve 28
Crude Oil/Liquids Production and Reserve Trend, 2013-2017 28
Crude Oil Production and Reserves By Country/Region, 2013-2017 29
Crude Oil/Liquids Reserve Changes, 2013-2017 31
Natural Gas Production and Reserve 32
Natural Gas Production and Reserve Trend, 2013-2017 32
Natural Gas Production and Reserves, By Country/Region, 2013-2017 33
Natural Gas Reserve Changes, 2013-2017 35
Total Crude Oil and Natural Gas Reserves Life Index 36
Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 36
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 37
Enerplus Corp, E&P Costs Trends 39
Allocation of the Upstream Capital Expenditure 39
Upstream Capital Expenditure, 2013-2017 39
Exploration and Development Costs, By Country/Region, 2013-2017 42
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2013-2017 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2013-2017 45
Enerplus Corp, Reserve Replacement Ratio 47
Oil and Gas Production Replacement Ratio 47
Oil and Gas Production Replacement Ratio, 2013-2017 47
Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 49
Enerplus Corp, Results of Oil & Gas Operations Trend 53
Oil and Gas Revenue and Expenses 53
Oil and Gas Revenue and Expenses, 2013-2017 53
Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 55
Oil and Gas Revenue and Expenses, Per boe 60
Oil and Gas Revenue and Expenses, By boe, 2013-2017 60
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 61
Oil and Gas Performance Metrics 65
Enerplus Corp, Land Holdings and Well Data 66
Developed and Undeveloped Acreage 66
Gross and Net Developed and Undeveloped Acreage, 2013-2017 66
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2013-2017 67
Well Statistics 69
Producible Oil and Gas Well, 2013-2017 69
Producible Oil and Gas Well, By Country/Region, 2013-2017 70
Exploration and Development Wells Drilled, 2013-2017 75
Exploration and Development Wells Drilled, By Country/Region, 2013-2017 77
Recent Developments 78
Enerplus Corp – Recent Developments 78
May 03, 2018: Enerplus Announces First Quarter 2018 Results 78
Feb 23, 2018: Enerplus Announces Fourth Quarter And Full Year 2017 Financial And Operating Results And 2017 Year End Reserves 81
Jan 16, 2018: Enerplus Announces Fourth Quarter 2017 Production and Provides Expected Impact of U.S. Tax Changes 86
Jan 16, 2018: Enerplus Announces Fourth Quarter 2017 Production and Provides Expected Impact of U.S. Tax Changes 87
Dec 13, 2017: Enerplus Announces 2018 Budget Of $535 tTo $585 Million 88
Dec 07, 2017: Enerplus Announces Changes To Board Of Directors 90
Nov 09, 2017: Enerplus Announces Third Quarter 2017 Results 90
Nov 09, 2017: Enerplus Announces Third Quarter 2017 Results 94
Aug 11, 2017: Enerplus Announces Second Quarter 2017 Results 97
May 05, 2017: Enerplus Announces First Quarter 2017 Results 100
Appendix 104
Methodology 104
Coverage 104
Secondary Research 104
Primary Research 105
Data Information Sources 105
Company Source 105
SEC/Other Regulatory Filings 105
Other Sources 105
Expert Panel Validation 105
Data Definition 105
Oil and Gas Reserves 105
Units of Measure 106
About GlobalData 107
Disclosure 107
Disclaimer 107

List of Tables
Table 1: Enerplus Corp, Key Facts 7
Table 2: Enerplus Corp, Share Price Performance, Q4, 2016-Q4, 2017 8
Table 3: Enerplus Corp, Key Valuation Metrics, Q4, 2016-Q4, 2017 9
Table 4: Enerplus Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
Table 5: Enerplus Corp, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2016-Q4, 2017 11
Table 6: Enerplus Corp, Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
Table 7: Enerplus Corp, Total Crude Oil and Natural Gas, Production, Q4, 2016-Q4, 2017 14
Table 8: Enerplus Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
Table 9: Enerplus Corp, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
Table 10: Enerplus Corp, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
Table 11: Enerplus Corp, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 18
Table 12: Enerplus Corp, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 19
Table 13: Enerplus Corp, Share Price Performance, 2013-2017 20
Table 14: Enerplus Corp, Key Valuation Metrics, 2013-2017 21
Table 15: Enerplus Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 23
Table 16: Enerplus Corp, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 25
Table 17: Enerplus Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 27
Table 18: Enerplus Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 28
Table 19: Enerplus Corp, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 30
Table 20: Enerplus Corp, Crude Oil Reserve Changes, mmbbl, 2013-2017 31
Table 21: Enerplus Corp, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 32
Table 22: Enerplus Corp, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 34
Table 23: Enerplus Corp, Natural Gas Reserve Changes, bcf, 2013-2017 35
Table 24: Enerplus Corp, Oil and Gas Reserves Life Index, Years, 2013-2017 36
Table 25: Enerplus Corp, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 38
Table 26: Enerplus Corp, Upstream Capital Expenditure, US$ mil, 2013-2017 40
Table 27: Enerplus Corp, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2013-2017 41
Table 28: Enerplus Corp, Exploration and Development Costs, By Country/Region, US$ mil, 2013-2017 42
Table 29: Enerplus Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 44
Table 30: Enerplus Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2013-2017 46
Table 31: Enerplus Corp, Oil and Gas Production Replacement Ratio, %, 2013-2017 47
Table 32: Enerplus Corp, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 52
Table 33: Enerplus Corp, Revenue and Expenses, US$ mil, 2013-2017 54
Table 34: Enerplus Corp, Revenue and Expenses, By Country/Region, US$ mil, 2013-2017 59
Table 35: Enerplus Corp, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 60
Table 36: Enerplus Corp, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2013-2017 64
Table 37: Enerplus Corp, Oil and Gas Performance Metrics, 2013-2017 65
Table 38: Enerplus Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 66
Table 39: Enerplus Corp, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2013-2017 68
Table 40: Enerplus Corp, Producible Oil and Gas Wells, 2013-2017 69
Table 41: Enerplus Corp, Producible Oil and Gas Wells, By Country/Region, 2013-2017 74
Table 42: Enerplus Corp, Exploratory and Developed Wells, 2013-2017 76
Table 43: Enerplus Corp, Exploratory and Developed Wells, By Country/Region, 2013-2017 77

List of Figures
Figure 1: Enerplus Corp, Share Price Performance, CAD/Share, Q4, 2016-Q4, 2017 8
Figure 2: Enerplus Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2016-Q4, 2017 9
Figure 3: Enerplus Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
Figure 4: Enerplus Corp, Upstream Capital Expenditure, US$ mil, Q4, 2016-Q4, 2017 12
Figure 5: Enerplus Corp, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2016-Q4, 2017 13
Figure 6: Enerplus Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
Figure 7: Enerplus Corp, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
Figure 8: Enerplus Corp, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
Figure 9: Enerplus Corp, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 18
Figure 10: Enerplus Corp, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 19
Figure 11: Enerplus Corp, Share Price Performance, CAD/Share, 2013-2017 20
Figure 12: Enerplus Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2013-2017 21
Figure 13: Enerplus Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 22
Figure 14: Enerplus Corp, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 24
Figure 15: Enerplus Corp, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 24
Figure 16: Enerplus Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017 26
Figure 17: Enerplus Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 28
Figure 18: Enerplus Corp, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 29
Figure 19: Enerplus Corp, Oil Production, By Country/Region, mmbbl, 2013-2017 29
Figure 20: Enerplus Corp, Crude Oil Reserve Changes, mmbbl, 2017 31
Figure 21: Enerplus Corp, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 32
Figure 22: Enerplus Corp, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 33
Figure 23: Enerplus Corp, Gas Production, By Country/Region, bcf, 2013-2017 33
Figure 24: Enerplus Corp, Natural Gas Reserve Changes, bcf, 2017 35
Figure 25: Enerplus Corp, Oil and Gas Reserves Life Index, Years, 2013-2017 36
Figure 26: Enerplus Corp, Gas Reserve Life Index, By Country/Region, Years, 2013-2017 37
Figure 27: Enerplus Corp, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017 37
Figure 28: Enerplus Corp, Oil Reserve Life Index, By Country/Region, Years, 2013-2017 38
Figure 29: Enerplus Corp, Upstream Capital Expenditure, US$ mil, 2013-2017 39
Figure 30: Enerplus Corp, Unproved Acquisition Costs, By Country/Region, US$ mil, 2013-2017 41
Figure 31: Enerplus Corp, Development Costs, By Country/Region, US$ mil, 2013-2017 42
Figure 32: Enerplus Corp, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 43
Figure 33: Enerplus Corp, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 45
Figure 34: Enerplus Corp, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 45
Figure 35: Enerplus Corp, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 46
Figure 36: Enerplus Corp, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 47
Figure 37: Enerplus Corp, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2013-2017 49
Figure 38: Enerplus Corp, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2013-2017 49
Figure 39: Enerplus Corp, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2013-2017 50
Figure 40: Enerplus Corp, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2013-2017 50
Figure 41: Enerplus Corp, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2013-2017 51
Figure 42: Enerplus Corp, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2013-2017 51
Figure 43: Enerplus Corp, Revenue and Expenses, US$ mil, 2013-2017 53
Figure 44: Enerplus Corp, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 55
Figure 45: Enerplus Corp, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 55
Figure 46: Enerplus Corp, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 56
Figure 47: Enerplus Corp, Oil & Gas Revenue, By Country/Region, US$ mil, 2013-2017 56
Figure 48: Enerplus Corp, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 57
Figure 49: Enerplus Corp, Production Costs, By Country/Region, US$ mil, 2013-2017 57
Figure 50: Enerplus Corp, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 58
Figure 51: Enerplus Corp, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 60
Figure 52: Enerplus Corp, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2013-2017 61
Figure 53: Enerplus Corp, Lifting Cost per boe, By Country/Region, US$/boe, 2013-2017 61
Figure 54: Enerplus Corp, Annual Net Income per boe, By Country/Region, US$/boe, 2013-2017 62
Figure 55: Enerplus Corp, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2013-2017 62
Figure 56: Enerplus Corp, Total DD&A per boe, By Country/Region, US$/boe, 2013-2017 63
Figure 57: Enerplus Corp, Total Revenue per boe, By Country/Region, US$/boe, 2013-2017 63
Figure 58: Enerplus Corp, Oil and Gas Performance Metrics, 2013-2017 65
Figure 59: Enerplus Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 66
Figure 60: Enerplus Corp, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2013-2017 67
Figure 61: Enerplus Corp, Total Net Undeveloped Acreage, By Country/Region, Acres, 2013-2017 67
Figure 62: Enerplus Corp, Producible Oil and Gas Wells, 2013-2017 69
Figure 63: Enerplus Corp, Gross Productive Gas Wells, By Country/Region, Number, 2013-2017 70
Figure 64: Enerplus Corp, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 70
Figure 65: Enerplus Corp, Gross Productive Oil Wells, By Country/Region, Number, 2013-2017 71
Figure 66: Enerplus Corp, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2013-2017 71
Figure 67: Enerplus Corp, Net Productive Gas Wells, By Country/Region, Number, 2013-2017 72
Figure 68: Enerplus Corp, Net Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 72
Figure 69: Enerplus Corp, Net Productive Oil Wells, By Country/Region, Number, 2013-2017 73
Figure 70: Enerplus Corp, Exploratory and Developed Wells, 2013-2017 75

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