Post Tagged with: "Analytics"

Source: Data Gumbo

Verisk to Acquire Genscape

By Tyler Losier, Energy Reporter, Oil & Gas 360 Genscape will become a part of Verisk subsidiary Wood Mackenzie Verisk (stock ticker: VRSK), a data analytics provider headquartered in New Jersey, has signed a definitive agreement to acquire Genscape, a provider of real-time data for commodity markets, from Daily Mail and General Trust (DMGT) for $364 million in cash. As a result of the transaction, Genscape will become a part of Verisk subsidiary Wood Mackenzie, which focuses on research and consultancy across various natural resource sectors. Currently, Genscape operates a private network of in-field monitors, in addition to distributing alternative energy data and delivering market intelligence to companies dealing in oil, … Login or click here to subscribe Username or E-mail Password Remember Me     Forgot Password

2018: The World’s Largest Public Oil & Gas Companies

2018: The World’s Largest Public Oil & Gas Companies

In this update to our 2016 rankings, the top two slots in the list still belong to the Russian giants, Exxon is still third, and PetroChina held onto fourth place – but Shell and BP flipped positions, changing the makeup of the world’s five largest oil companies With 2017 in the books, it is a good time to see where the chips fell for the world’s largest public oil and gas companies. During a year of recovery for the highly capital-intensive exploration and production industry, 2017 saw a slow but steady increase of oil prices – back to levels that allow companies to once again make money. $60 oil is a great number for the shale industry, but it is still a long way from triple digit oil that was driving the industry five years ago. H… Login or click here to subscribe

PLS Tracks $129.3 Billion in New Oil and Gas Capital in 2017

PLS Tracks $129.3 Billion in New Oil and Gas Capital in 2017

Capitalize, PLS Inc.’s proprietary comprehensive capital markets tracking platform, released a statistical review of the oil and gas industry’s capital markets activity for calendar year 2017. Key findings: $34 billion in equity raised through offerings in 2017, down 36% from 2016’s $53 billion Of 2017’s eight upstream equity offerings, six were SPACs Big names such as Hess, Antero and BP spun off midstream MLPs $95 billion total debt issued in 2017, down 24% from 2016’s $124.8 billion Midstream sector led debt issues with $38 billion of $95 billion total Upstream equity deals down by two-thirds Though upstream equity deals in 2017 decreased by 67% year-over-year to $10.6 billion, the year ended with an upstream upswing with fourth quarter equity offerings totaling $1.9 billion or 139% higher than the previous quarter. The industry’s total equity raised in 2017, according to PLS’ Capitalize, amounted to $34 billion, a 36% drop from 2016’s[Read More…]

Show Me Your Full-Cycle Metrics for the Delaware Basin

Show Me Your Full-Cycle Metrics for the Delaware Basin

Permian oil producers continue to tout enviable half-cycle metrics, but what does the complete picture show? The mad dash of capital into the Permian’s Delaware sub-basin over the last two years has been awe-inspiring considering the backdrop of oil prices careening down to half their 2014 highs, with $45-$52 oil turning into a new normal. Oil and gas companies throughout the country have had to scale back and put a heavy emphasis on efficiency to survive the downturn, but that hasn’t stopped an influx of capital into the Delaware that has sent land prices through the roof along with the price-to-cash flow multiples of the companies operating in the region. Investors continued to look for strong returns in the low-oil price environment, and the stacked pay and impressive well results in the Delaware are prime to deliver on those expectations. Companies continue to tout EURs in excess of 1 MMBOE[Read More…]

Valuations of Appalachian E&Ps Could Start to Surpass the Permian Herd

Valuations of Appalachian E&Ps Could Start to Surpass the Permian Herd

Pipeline constraints limiting the value of Appalachian operators It’s a Wall Street quandary. It is no secret that the Permian has become the hottest play in the United States with E&Ps competing to acquire acreage, but the companies operating there may not always attract the most attractive multiples from investors. In January, EnerCom Analytics took an in-depth look at what factors attract premium valuations from the market and found that investors still like 20% or greater growth, but they have become increasingly wary of debt. During their analysis, EnerCom also found that, while Permian players are currently receiving the strongest multiples, the Appalachian operators have the potential for strong price-to-cash flow per share growth moving forward. Using EnerCom’s 5 Factor Model (5FM), which includes (a) three-year finding & development costs per unit, (b) capital efficiency, (c) operating and general & administrative expense per unit, (d) three-year production replacement and (e)[Read More…]

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom: 22 years of advising and serving energy-centric clients DENVER – April 29, 2016 – Forbes Magazine (Forbes) commissioned an independent study by Statista to identify America’s Best Management Consulting Firms.  EnerCom, Inc. was recognized in the inaugural study in the category of Oil and Gas. Results of the study are based on two online surveys. The first survey was conducted between November 16 and December 18, 2015, of 7,286 partners and project managers from management consultancies.  These professionals were asked to make recommendations of consultancies (excluding their own) across 15 industries and 16 functional areas, including strategy, human resources consulting, and supply chain management.  The second survey, consisting of 1,316 management consultancy clients, was conducted between January 21 and February 4, 2016. Executives participating in this survey were asked to recommend consultancies on a list falling within industries and functional areas in which they have worked with a consultancy in[Read More…]

Bam! It’s Earnings Season Again – Q3’15 Estimates

Bam! It’s Earnings Season Again – Q3’15 Estimates

EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 216 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilServices company earnings estimate for the quarter ending September 30, 2015, is $0.00 per share compared to actual earnings per share of ($0.02) and $0.03 for Q2’15 and Q1’15, respectively. In Q3’14, the median OilServices company earnings were $0.29. The median E&P company earnings estimate for the quarter ending September 30, 2015, is ($0.04) per share compared to actual earnings per share of ($0.29) and ($0.20) for Q2’15 and Q1’15, respectively. In Q3’14, the average E&P company earnings was $0.39 per share. Energy Commodities Crude Oil. U.S. oil consumption in July 2015, was 20.0 MMBOPD, up 2.0% compared to the prior month and 3.6% higher than the same month last year. For July 2015, U.S. crude[Read More…]

Bam! It’s Earnings Season Again – Q2’15 Estimates

Bam! It’s Earnings Season Again – Q2’15 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 224 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilServices company earnings estimate for the quarter ending June 30, 2015, is $0.00 per share compared to actual earnings per share of $0.03 and $0.02 for Q1’15 and Q4’14, respectively. In Q2’14, the median OilServices company earnings were $0.23. The median E&P company earnings estimate for the quarter ending June 30, 2015, is ($0.02) per share compared to actual earnings per share of ($0.19) and $0.02 for Q1’15 and Q4’14, respectively. In Q2’14, the average E&P company earnings was $0.08 per share. Energy Commodities Crude Oil. U.S. oil consumption in April 2014 was 19.0 MMBOPD, down 1.0% compared to the prior month and 1.4% higher than the same month last year. For April 2015, U.S. crude[Read More…]

Bam! Earnings Season Again – Q1 2015 Estimates

Bam! Earnings Season Again – Q1 2015 Estimates

EnerCom, Inc. compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 200 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilServices company earnings estimate for the quarter ending March 31, 2015, is $0.11 per share compared to actual earnings per share of $0.02 and $0.29 for Q4’14 and Q3’14, respectively. In Q1’14, the median OilServices company earnings were $0.25. The median E&P company earnings estimate for the quarter ending March 31, 2015, is ($0.03) per share compared to actual earnings per share of $0.07 and $0.39 for Q4’14 and Q3’14, respectively. In Q1’14, the average E&P company earnings was $0.14 per share. Energy Commodities Crude Oil. U.S. oil consumption in January 2015 was 19.2 MMBOPD, down 1.3% compared to the prior month and 1.7% higher than the same month last year. U.S. crude oil production was[Read More…]

U.S. Shale will Drive 30% Oilservice Spending Rebound in 2017: BI

Q3 Company Analytics Now Available on Oil & Gas 360®

Oil & Gas 360® has posted new Q3 profiles and downloadable company analytics tearsheets for 31 E&Ps and Oilservice companies. Company summaries, stock performance data and news release archives may be found on the Oil & Gas 360® home page by rolling your mouse over the company names within the “360 Profiles” section. A two-page financial and operational analytics tearsheet (PDF) may be downloaded with one click from the summary page. The tearsheet gives the past four quarters of company financial performance. On the operations side the tearsheets provide per-Mcfe data, three years’ reserves history, and operational metrics such as 3-year debt-adjusted production and reserve growth per share. The Oil & Gas 360® “360 Profile Companies” are listed below. The ticker symbols link directly to their 360 Profile Analytics pages: Acorn Energy (ticker: ACFN) American Eagle Energy (ticker: AMZG) Arabella Exploration (ticker: AXPLF) Bellatrix Exploration (ticker: BXE) Breitling Energy (ticker:[Read More…]

MLPs:  Moving Energy from Wellhead to End User

MLPs:  Moving Energy from Wellhead to End User

Midstream infrastructure has emerged as a hot topic in the oil and gas space. A common theme heard at E&P investor conferences and recent earnings calls is new supply is being produced from the shale basins at a faster rate than the amount of midstream infrastructure available to collect, process and transport it to market. While E&Ps are focused on finding and exploiting hydrocarbon deposits and building large asset bases of producing mineral acreage and reserves, master limited partnerships (MLPs) have become a popular route on the midstream side—companies that acquire, build and operate the assets that take oil and gas from wellhead to end user. Midstream assets include natural gas pipelines, gas processing facilities, fractionation plants to extract ethane, propane, butane, iso-butane and natural gasoline from natural gas, storage facilities, NGL pipelines, crude oil trucks and barges and oil pipelines, and refined product pipelines. But MLPs have been formed for[Read More…]

UPDATED: Slides from EnerCom's Energy Industry Data and Trends Report

Below is a handful of slide samples from EnerCom’s Energy Industry Data and Trends Report published monthly. The 150 page PowerPoint is designed to keep you up to date on important macroeconomic and oil & gas industry trends. For a copy of the full report, please contact EnerCom, Inc. NGL Pricing Market’s Favorite Multiples By Play Shale Gas/Oil Productivity Commodity Price Forecasts Treasury Yields Industrial Production/Oil Price E&P Stock Performance OilService Stock Performance The Oil & Gas Conference® Index Energy Equivalent Pricing Gasoline Pricing Components ISM Manufacturing Funding Capital Intensive Industry Natural Gas Production [sam_ad id=”32″ codes=”true”] Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security[Read More…]

March 11, 2013 - 7:35 pm Oil and Gas 360 Articles

Energy Industry Data and Trends Slides Updated

Here is a small sample of the EnerCom’s Energy Industry Data and Trends Report published monthly. The 150 page PowerPoint is designed to keep you up to date on important macroeconomic and oil & gas industry trends. For a copy of the full report, please contact EnerCom, Inc. NGL Pricing Market’s Favorite Multiples By Play Shale Gas/Oil Productivity Commodity Price Forecasts Treasury Yields Industrial Production/Oil Price E&P Stock Performance OilService Stock Performance The Oil & Gas Conference® Index Energy Equivalent Pricing Gasoline Pricing Components ISM Manufacturing Funding Capital Intensive Industry Natural Gas Production [sam_ad id=”32″ codes=”true”] Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any[Read More…]

January 22, 2013 - 7:52 pm Oil and Gas 360 Articles
Deal Flow Trends in the Williston Basin

Deal Flow Trends in the Williston Basin

Over the past year and a half, the Williston Basin’s Bakken acreage has been the focus of more than 100 publicly announced transactions. From July 2011 through December 2012, Oil & Gas 360® compiled and analyzed Bakken transactions on average deal sizes, acreage values and production values. A few historic bullet points from past Bakken deals: Since July 2011, each month the average deal flow across the basin averaged $789MM, with an average deal size of $234MM. The largest of transactions during this period was the Statoil (ticker: STO) acquisition of Brigham Exploration for $4.7B, averaged at $8,000 per acre in October 2011. Since July 2011, OAG360 observed an average acreage valuation of $2,868 per acre in the Bakken. Has the price-paid-per acre crested?  That depends on where acreage is being picked up. Though we note a steady decline in total dollars spent each month along with a decreasing acreage[Read More…]

January 18, 2013 - 8:45 pm Oil and Gas 360 Articles

Energy Industry Data and Trends Slides Updated

EnerCom’s Energy Industry Data and Trends Report is published monthly. The 150 page PowerPoint is designed to keep you up to date on important macroeconomic and oil & gas industry trends. For a copy of the full report, please contact EnerCom, Inc. Shale Gas/Oil Productivity Commodity Price Forecasts Treasury Yields Industrial Production/Oil Price E&P Stock Performance OilService Stock Performance The Oil & Gas Conference® Index Energy Equivalent Pricing Gasoline Pricing Components ISM Manufacturing Funding Capital Intensive Industry Natural Gas Production Market’s Favorite Multiples By Play [sam_ad id=”32″ codes=”true”] Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned[Read More…]

December 19, 2012 - 9:07 pm Oil and Gas 360 Articles

Saratoga Resources Inc: A Quick Snapshot of this Acquire and Exploit Oil and Gas Company

Saratoga Resources Inc. (ticker: SARA) concentrates on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately 64 stacked pay sands exist with wells that have been producing for over 50 years.  The company owns all zones and all depths on approximately 32,119 net acres, 93% of which is held by production (HBP). Below, OAG360 wanted to highlight Saratoga’s five key operational highlights. Low Finding and Development Cost (F&D). Saratoga’s 3-year Finding and Development Cost is $5.46 per barrel – the third lowest F&D cost out of EnerCom’s database of 95 E&P companies. The first is Evolution Petroleum (ticker: EPM) with $1.44 per barrel and second is Range Resources (ticker: RRC) with $5.04 per barrel. Why is SARA’s 3-year F&D so low? SARA’s proved undeveloped reserves percentage (PUD%) is 78%, higher than the the 95 company average[Read More…]

December 17, 2012 - 10:42 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Bam! It's Earnings Season Again – Q3'12 Estimates

Bam! It's Earnings Season Again – Q3'12 Estimates

EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 185 E&P and OilService companies in our database. Click here for the full chart of estimates. OAG360 notes that additional supporting slides for the following data can be found on the Analytics Page. The median OilService company earnings estimate for the quarter ending September 30, 2012, is $0.45 per share compared to actual earnings per share of $0.31 and $0.40 for Q1 2012 and Q2 2012, respectively. The median E&P earnings estimate for the quarter ending September 30, 2012, is $0.15 per share compared to actual earnings per share of $0.22 and $0.14 for Q1 2012 and Q2 2012, respectively. ENERGY COMMODITY PRICES WTI oil price averaged $92.16, $93.30 and $102.99 per barrel during Q3 2012, Q2 2012 and Q1 2012 respectively, while the Henry Hub natural gas price averaged $2.88,[Read More…]

October 17, 2012 - 10:55 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles, OPEC
Bam! It’s Earnings Season Again – Q2’12 Estimates

Bam! It’s Earnings Season Again – Q2’12 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 185 exploration and production (E&P) and OilService companies in our database. The median OilService company earnings estimate for the quarter ending June 30, 2012, is $0.44 per share compared to actual earnings per share of $0.40 and $0.34 for Q1 2012 and Q4 2011, respectively. The median E&P earnings estimate for the quarter ending June 30, 2012, is $0.19 per share compared to actual earnings per share of $0.14 and ($0.07) for Q1 2012 and Q4 2011, respectively. ENERGY COMMODITY PRICES WTI oil price averaged $93.30, $102.99, and $94.03 per barrel during Q2 2012, Q1 2012 and Q4 2011 respectively, while the Henry Hub natural gas price averaged $2.29, $2.44 and $3.33 per MMBtu over the same time periods. Crude Oil. The average near-term futures price for WTI in June 2012[Read More…]

July 19, 2012 - 5:13 pm Analytics, Earnings, Oil and Gas 360 Articles
Step 2 Of The Building Of Halcón Resources

Step 2 Of The Building Of Halcón Resources

Step One in Floyd Wilson’s [former Petrohawk CEO] new oil and gas business venture was the $500 million recapitalization of RAM Energy Resources, Inc. (formerly ticker: RAM) late in 2011 to form Halcón Resources (ticker: HK). Step Two for the company (after cleaning up the RAM assets) was to accelerate Halcón’s growth by adding a strategic acquisition. HK and GeoResources, Inc. (ticker: GEOI) announced on April 25, 2012, the companies reached an agreement in which GeoResources will merge with Halcón Resources in a cash and stock transaction for approximately $985 million. GeoResources shareholders will receive a total consideration of $39.97 per share based on the closing price of HK on April 24, 2012. The companies anticipate completing the transaction in the third quarter of 2012. GeoResources’ operational portfolio consists of three key plays in the lower 48 states: Bakken (55,000 net acres), Eagle Ford (24,000 net acres) and the Austin[Read More…]

April 27, 2012 - 8:05 pm Analytics, Oil and Gas 360 Articles

Resolute Energy Announces $250 Million Notes Offering — Poised to Accelerate Growth

Resolute Energy Corporation (NYSE: REN) announced a $250 million notes offering. The notes will be general unsecured obligations of the Company and guaranteed on a senior basis by the Company’s existing subsidiaries. Resolute intends to use the net proceeds from the Senior Notes offering to repay indebtedness under its revolving credit facility, which matures in April 2017, to fund a portion of its capital expenditure budget and for general corporate purposes. The notes have not yet been priced, although we would expect a pricing announcement towards the end of this week. Increasing Control — Strengthening the (Cash Flow) Foundation Resolute’s notes offering follows recent moves to increase control of its foundation cash-generating asset, the Greater Aneth Field (GAF) in Utah, which consists of the Aneth Unit, Ratherford Unit and McElmo Creek Unit. On April 11, 2012, the company announced an acquisition with the Navajo Nation Oil and Gas Company (NNOG)[Read More…]

April 16, 2012 - 4:12 pm Analytics, Oil and Gas 360 Articles
Magnum Hunter Resources: A Growth Platform Through Acquisition And Drilling

Magnum Hunter Resources: A Growth Platform Through Acquisition And Drilling

Magnum Hunter Resources (MHR) is engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids, in three unconventional shale resource plays in North America: the Marcellus Shale, Utica Shale, Eagle Ford Shale and Williston Basin/Bakken Shale. In total, the company owns approximately 560,072 net acres, with 170,000 net acres in its core resource areas, including 58,426 net acres in the Marcellus Shale, 61,151 net acres in the Utica Shale, 24,000 net acres in the Eagle Ford Shale and 76,739 net acres, which includes lands from the recently announced April transaction, in the Williston Basin. Source: MHR March 2012 corporate presentation, before April 2012 Williston Basin acquisition Since the company’s restructuring in May 2009, when the new management team led by Chairman and CEO Gary Evans took over, Magnum Hunter significantly increased shareholder value through a combination of acquisitions, joint[Read More…]

April 10, 2012 - 7:21 pm Analytics, Midstream, Oil and Gas 360 Articles
Driving Down The Cost Of Production – Natural Gas Companies Can Still Make Money

Driving Down The Cost Of Production – Natural Gas Companies Can Still Make Money

EnerCom, Inc. went back through our database to determine 2008 breakeven prices (10% rate of return) based on EnerCom’s decline curve analysis of the Woodford, Fayetteville, Haynesville and Marcellus Shales. All data points reference the second slide below. We found the Woodford, Fayetteville, Haynesville and Marcellus Shales had respective breakeven points of $6.45 per Mcf, $5.39 per Mcf, $3.62 per Mcf and $3.42 per Mcf based on the data collected in 2008. During 2008, Henry Hub natural gas prices were trading up near $9.00 per Mcf and companies were realizing prices near $8.00 per Mcf: enter the birth of the resource play and companies driving down costs to make the largest rates of return possible. What we see as we move closer to the first shoulder months 2012 is Henry Hub and realized natural gas prices falling as inventories are building. Never let it be said that the ingenuity of[Read More…]

March 21, 2012 - 7:16 pm Analytics, Oil and Gas 360 Articles