Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies – Financial & Operational Fundamental Analysis and Benchmarking

27 Jul 2010 • by Natalie Aster

GlobalData’s report “Top 20 Large-Cap North America 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 20 Large-Cap North America 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 20 large-cap North America independent Exploration and Production (E&P) companies.

Top 20 North America 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 20 North America Independent Exploration and Production (E&P) Companies Increased By 0.9% In 2009

Proved oil and gas Reserves of the top 20 large-cap North America independent Exploration and Production (E&P) companies increased in 2009, up from 28.4 billion barrels of oil equivalent (boe) in 2008 to 28.7 billion boe in 2009. The Proved oil reserves of the top 20 large-cap North America independent Exploration and Production (E&P) companies declined by 3.4%, from 12,905 Million Barrels (MMbbl) in 2008 to 12,461 MMbbl in 2009. However, total proved gas reserves of the top 20 large-cap North America independent Exploration and Production (E&P) companies increased to 97.4 Tcf in 2009, up by 4.5% from the previous year.

Canadian Natural Resources Limited had the highest proved oil and gas reserves of 3,556.8 MMboe among the top 20 large-cap North America independent Exploration and Production (E&P) companies. 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 20 Large-Cap North America Independent Exploration and Production (E&P) Companies Increased By 4.7% In 2009

Total oil & gas production of the Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies was 2,266.4 MMboe in 2009, up by 4.7% from 2008. Oil production of the Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies was 890.6 MMbbl in 2009, up by 3.4% from 2008. However, gas production of the Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies went up by 5.5% from 7,825.8 Bcf in 2008 to 8,254.9 Bcf in 2009. Petrohawk Energy Corporation witnessed the highest oil and gas production growth rate among the Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies. The company’s oil and gas production grew significantly at a CAGR of 57.8% during 2005-09.

Capital Expenditure of the Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies Decreased Significantly By 37.6% in 2009.

The total cost incurred by Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies was $50.8 billion in 2009, down by 37.6% from the previous year. Total acquisition spending decreased by 60.0% in 2009, down from $23.9 billion in 2008 to $9.6 billion in 2009.

EnCana Corporation by spending $4,810 million in total costs incurred activities in 2009, ranks first among the Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies.

Oil & Gas Revenues of Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies Increased On Account Of Increase In Production And Higher Realization Price

Average oil & gas revenue per boe of the Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies decreased from $59.2 per boe in 2008 to $36.4 per boe in 2009, a decrease of 38.4% from previous year. Revenues of the Top 20 Large- Cap North America Independent Exploration and Production (E&P) Companies decreased in 2009. However, the net income of oil and gas companies was affected by the surging costs and impairment charges in 2009.

EnCana Corporation, with net income per boe of $14.0 in 2009, ranks first among the Top 20 Large-Cap North America Independent Exploration and Production (E&P) Companies.

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