Top 50 Small-Cap North America Independent Exploration and Production (E&P) Companies – Financial & Operational Fundamental Analysis and Benchmarking

08 Jul 2010 • by Natalie Aster

GlobalData’s report “Top 50 Small-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 top 50 Small-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 50 small-cap North America independent Exploration and Production (E&P) companies.

Top 50 small-cap 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 50 Small-Cap North America Independent Exploration and Production (E&P) Companies Decreased By 0.6% In 2009

Proved oil and gas reserves of the top 50 small-cap North America independent Exploration and Production (E&P) companies decreased in 2009, down from 2.51 billion barrels of oil equivalent (boe) in 2008 to 2.50 billion boe in 2009. The proved oil reserves of the top 50 small-cap North America independent Exploration and Production (E&P) companies increased by 11.3%, from 957 Million Barrels (MMbbl) in 2008 to 1,065 MMbbl in 2009. However, total proved gas reserves of the top 50 small-cap North America independent Exploration and Production (E&P) companies decreased to 8.3 Tcf in 2009, down by 7.0% from the previous year.

Petroleum Development Corporation had the highest proved oil and gas reserves of 119.5 MMboe among the top 50 small-cap North America independent Exploration and Production (E&P) companies. The company's proved reserves increased at a CAGR of 27.1% from 45.7 MMboe in 2005 to 119.5 MMboe in 2009.

Total Oil & Gas Production of the Top 50 Small-Cap North America Independent Exploration and Production (E&P) Companies Increased By 4.7% In 2009

Total oil & gas production of the top 50 Small-Cap North America Independent Exploration and Production (E&P) companies was 251.6 MMboe in 2009, up by 5.0% from 2008. Oil production of the top 50 Small-Cap North America Independent Exploration and Production (E&P) companies was 102.9 MMbbl in 2009, up by 9.8% from 2008. Gas production of the top 50 Small-Cap North America Independent Exploration and Production (E&P) companies went up by 9.2% from 770.1 Bcf in 2008 to 840.9 Bcf in 2009. Gran Tierra Energy Inc. witnessed the highest oil and gas production growth rate among the top 50 Small-Cap North America Independent Exploration and Production (E&P) companies. The company’s oil and gas production grew significantly at a CAGR of 206.7% during 2005-09.

Capital Expenditure of the Top 50 Small- Cap North America Independent Exploration and Production (E&P) Companies Decreased Significantly By 63.4% in 2009.

The total cost incurred by top 50 Small-Cap North America Independent Exploration and Production (E&P) companies was $5.5 billion in 2009, down by 63.4% from the previous year. Total acquisition spending decreased by 77.9% in 2009, down from $5.8 billion in 2008 to $1.2billion in 2009.

NAL Oil & Gas Trust by spending $428.5 million in total costs incurred activities in 2009, ranks first among the top 50 Small-Cap North America Independent Exploration and Production (E&P) companies.

Oil & Gas Revenues of Top 50 Small-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 50 Small-Cap North America Independent Exploration and Production (E&P) companies decreased from $63.1 per boe in 2008 to $36.7 per boe in 2009, a decrease of 41.9% from previous year. Arena Resources, Inc., with net income per boe of $20.0 in 2009, ranks first among the top 50 Small-Cap North America Independent Exploration and Production (E&P) companies

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