Oil and Gas Canadian Royalty Trusts – Financial & Operational Fundamental Analysis and Benchmarking - 2010

21 Jul 2010 • by Natalie Aster

GlobalData’s report “Oil and Gas Canadian Royalty Trusts – Financial & Operational Fundamental Analysis and Benchmarking – 2010” provides analysis on the financial and Operational parameters of the Oil and Gas Canadian Royalty Trusts. The report analyses the performance of companies based on indicators such as reserves & production, capital expenditure, costs, acreage, performance metrics, results of oil & gas operations and valuation metrics. It helps in spotting strengths and weaknesses of the oil and gas Canadian royalty trusts.

Oil and Gas Canadian Royalty Trusts– Financial & Operational Fundamental Analysis and Benchmarking - 2010 report is based on publicly available data filed with the US Securities and Exchange Commission (SEC) and other similar agencies worldwide.

Proved Oil & Gas Reserves of the Oil and Gas Canadian Royalty Trusts Increased By 1.7% In 2009

Proved oil and gas reserves of the oil and gas Canadian royalty trusts increased in 2009, up from 2.4 billion barrels of oil equivalent (boe) in 2008 to 2.4 billion boe in 2009. The Proved oil reserves of the oil and gas Canadian royalty trusts declined by 2.1%, from 12 1,748.0 Million Barrels (MMbbl) in 2008 to 1,711.0 MMbbl in 2009. However, total proved gas reserves of the oil and gas Canadian royalty trusts increased to 4.7 Tcf in 2009, up by 11.4% from the previous year.

Canadian Oil Sands Trust had the highest proved oil and gas reserves of 824.0 MMboe among the oil and gas Canadian royalty trusts. The company's proved reserves decreased at a CAGR of 1.9% from 890.0 MMboe in 2005 to 824.0 MMboe in 2009.

Total Oil & Gas Production of the Oil and Gas Canadian Royalty Trusts decreased By 4.7% In 2009

Total oil & gas production of the Oil and Gas Canadian Royalty Trusts was 229.6 MMboe in 2009, down by 4.7% from 2008. Oil production of the Oil and Gas Canadian Royalty Trusts was 133.3 MMbbl in 2009, down by 5.7% from 2008. However, gas production of the Oil and Gas Canadian Royalty Trusts went up by 6.0% from 543.7 Bcf in 2008 to 576.1 Bcf in 2009. Penn West Energy Trust witnessed the highest oil and gas production growth rate among the Oil and Gas Canadian Royalty Trusts. The company’s oil and gas production grew significantly at a CAGR of 17.0% during 2005-09.

Capital Expenditure of the Oil and Gas Canadian Royalty Trusts Decreased By 22.5% in 2009.

The total cost incurred by Oil and Gas Canadian Royalty Trusts was $3.8 billion in 2009, down by 22.5% from the previous year. Total acquisition spending increased by 8.1% in 2009, up from $1.1 billion in 2008 to $1.2 billion in 2009.

Bonavista Energy Trust by spending $569.6 million in 2009, ranks first among the Oil and Gas Canadian Royalty Trusts.

Oil & Gas Revenues of Oil and Gas Canadian Royalty Trusts Increased On Account Of Decreased In 2009.

Average oil & gas revenue per boe of the Oil and Gas Canadian Royalty Trusts decreased from $63.6 per boe in 2008 to $39.0 per boe in 2009, a decrease of 38.7% from previous year. Revenues of the Oil and Gas Canadian Royalty Trusts decreased in 2009.

Peyto Energy Trust, with net income per boe of $13.8 in 2009, ranks first among the Oil and Gas Canadian Royalty Trusts.

GlobalData is a global industry intelligence services company providing business information products and services.

Our highly qualified team of Analysts, Researchers, and Solution Consultants use proprietary data sources and various tools and techniques to gather, analyze and represent the latest and the most reliable information essential for businesses to sustain a competitive edge.

GlobalData is a global industry intelligence services company providing business information products and services.

Our highly qualified team of Analysts, Researchers, and Solution Consultants use proprietary data sources and various tools and techniques to gather, analyze and represent the latest and the most reliable information essential for businesses to sustain a competitive edge.