EnerCom Analytics recently analyzed oil and gas companies through the lens of the 5 Factor Model (5FM), with an eye to providing a snapshot of the state of company valuations.

The 5 Factor Model examines a company’s three-year finding & development (F&D) costs per unit, its capital efficiency, operating and general & administrative expense per unit, three-year production replacement, and debt to trailing 12-month EBITDA.

These five factors measure some of the most important considerations affecting an oil and gas company by lo...


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