Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies – Financial & Operational Fundamental Analysis and Benchmarking - 201

23 Jul 2010 • by Natalie Aster

GlobalData’s report “Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies – Financial & Operational Fundamental Analysis and Benchmarking – 2010”, provides analysis on the financial and operational parameters of the Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies. 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 top 10 leading Canadian independent Exploration and Production (E&P) companies.

Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies – 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 Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies Decreased by 15.6% In 2009

Proved oil and gas Reserves of the top 10 large-cap Canadian independent Exploration and Production (E&P) companies decreased in 2009, down from 11.4 billion barrels of oil equivalent (boe) in 2008 to 9.7 billion boe in 2009. The decline in the Proved reserves was driven by the decline in both oil reserves and gas reserves, proved oil reserves of the top 10 large-cap Canadian independent Exploration and Production (E&P) companies declined by 16.3%, from 7,178 Million Barrels (MMbbl) in 2008 to 6,007 MMbbl in 2009. However, total proved gas reserves of the top 10 large-cap Canadian independent Exploration and Production (E&P) companies decreased to 21.9 Tcf in 2009, down by 14.3% from the previous year.

Canadian Natural Resources Limited had the highest proved oil and gas reserves of 3,556.8 MMboe among the top 10 large-cap Canadian independent Exploration and Production (E&P) companies in 2009. The company's proved reserves increased at a CAGR of 2.5% from 3,217.6 MMboe in 2005 to 3,556.8 MMboe in 2009.

Total Oil & Gas Production of the Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies Decreased by 0.4% In 2009

Total oil & gas production of the Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies was 837.40 MMboe in 2009, down by 0.4% from 2008. Oil production of the Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies was 399.3 MMbbl in 2009, up by 1.8% from 2008. However, gas production of the top 10 large-cap Canadian independent Exploration and Production (E&P) companies down by 2.4% from 2,692.9 Bcf in 2008 to 2,628.4 Bcf in 2009. Penn West Energy Trust witnessed the highest oil and gas production growth rate among the top 10 large-cap Canadian independent Exploration and Production (E&P) companies. The company’s oil and gas production grew at a CAGR of 17.0% during 2005-09.

Capital Expenditure of the Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies decreased by 40.1% In 2009

The total costs incurred by Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies to $17.0 billion in 2009, down by 40.1% from the previous year. Total acquisition spending decreased by 58.2% in 2009, down from $6.0 billion in 2008 to $2.5 billion in 2009,

Talisman Energy Inc. by spending $1,168.4 million in acquisition activities in 2009 ranks first among the top 10 large-cap Canadian independent Exploration and Production (E&P) companies. The company's acquisition cost decreased at a CAGR of 22.4% from $3,225.1 million in 2005 to $1,168.4 million in 2009.

Oil & Gas Revenues of Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies Increased On Account Of Increase In Production And Higher Realization Price

Oil & gas revenue per boe of the Top 10 Large-Cap Canadian Independent Exploration and Production (E&P) Companies decreased by 34.0% in 2009 from $68.9 per boe in 2008 to $45.5 per boe in 2009.

EnCana Corporation, with net income per boe of $14.0 in 2009, ranks first among the top 10 large-cap Canadian independent Exploration and Production (E&P) companies.

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.