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Black Hills Corp Oil & Gas Exploration and Production Operations and Cost Analysis – Q4, 2017

Published: November 2018
Pages: 110
Code: 04D7FC9A2BFF72961E8EA557DE2029FA
Format: PDF
Publisher GlobalData
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$ 250.00
Black Hills Corp Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.
Black Hills Corp (BHC) is a vertically-integrated energy company which offers electricity and natural gas. The company produces, transmits, and distributes electricity; and sells natural gas on retail and wholesale basis. It generates electricity from natural gas, coal, diesel oil, and wind sources. BHC acquires, explores for, develops, and produces crude oil and natural gas assets in the Rocky Mountain region; produces low-sulfur sub-bituminous coal at its coal mine in Wyoming, and sells that coal to electric generation facilities including its own regulated and non-regulated generating plants; and acquires, develops, and operates non-regulated power plants. It serves residential, commercial, industrial, and municipal customers in South Dakota, Arkansas, Nebraska, Colorado, Kansas, Montana, Iowa, and Wyoming. BHC is headquartered in Rapid City, South Dakota, the US.

Additonal Information

  • The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
  • - The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
  • - Provides details with respect to the company’s oil and gas reserves and production information by country. It further consists of in-depth information on the company’s expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
  • - Provides a comprehensive overview of the company’s share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
  • - Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.
  • *Note:
  • 1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
  • 2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
  • 3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to Be uptodate with the latest information and indepth analysis of the operational metrics of the company. Identify M&A targets from uptodate information and indepth analysis on financial and operational metrics of your competitors. Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics. Formulate your strategies based on indepth analysis of your competitors’ financial and operational data. Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics. Establish relative performance among the industry’s players based on key operational and financial measures.
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  • Table of Contents
  • Table of Contents 2
  • List of Tables 4
  • List of Figures 5
  • Company Snapshot 7
  • Key Information 7
  • Company Overview 7
  • Black Hills Corp, Valuation and Financial Data 8
  • Black Hills Corp, Share Price Performance 8
  • Share Price Performance, Q4, 2016-Q4, 2017 8
  • Black Hills Corp, Key Valuation Metrics 9
  • Key Valuation Metrics, Q4, 2016-Q4, 2017 9
  • Black Hills Corp, Quarterly Results of Oil & Gas Operations Per boe Produced 10
  • Results of Oil & Gas Operations Per boe Produced, Q4, 2016-Q4, 2017 10
  • Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2016-Q4, 2017 11
  • Black Hills Corp, Quarterly E&P Costs Trends 12
  • Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
  • Black Hills Corp, Quarterly Production Trends 13
  • Black Hills Corp, Total Oil and Gas Production 13
  • Total Crude Oil and Natural Gas Production Trend, Q4, 2016-Q4, 2017 13
  • Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 15
  • Black Hills Corp, Crude Oil Production 16
  • Total Crude Oil Production Trend, Q4, 2016-Q4, 2017 16
  • Crude Oil Production, By Country/Region, Q4, 2016-Q4, 2017 17
  • Black Hills Corp, Natural Gas Production 18
  • Total Natural Gas Production Trend, Q4, 2016-Q4, 2017 18
  • Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 19
  • Black Hills Corp, Valuation and Financial Data, 2013-2017 20
  • Black Hills Corp, Share Price Performance, 2013-2017 20
  • Share Price Performance, 2013-2017 20
  • Key Valuation Metrics, 2013-2017 22
  • Black Hills Corp, Production and Reserves Trends 23
  • Total Oil and Gas, Reserves and Production 23
  • Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 23
  • Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 25
  • Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 27
  • Crude Oil/Liquids Production and Reserve 28
  • Crude Oil/Liquids Production and Reserve Trend, 2013-2017 28
  • Crude Oil Production and Reserves By Country/Region, 2013-2017 30
  • Crude Oil/Liquids Reserve Changes, 2013-2017 31
  • Natural Gas Production and Reserve 32
  • Natural Gas Production and Reserve Trend, 2013-2017 32
  • Natural Gas Production and Reserves, By Country/Region, 2013-2017 34
  • Natural Gas Reserve Changes, 2013-2017 36
  • Total Crude Oil and Natural Gas Reserves Life Index 37
  • Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 37
  • Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 38
  • Black Hills Corp, E&P Costs Trends 41
  • Allocation of the Upstream Capital Expenditure 41
  • Upstream Capital Expenditure, 2013-2017 41
  • Acquisition Costs By Country/Region, 2013-2017 43
  • Exploration and Development Costs, By Country/Region, 2013-2017 44
  • Oil and Gas Cost Per boe, US$/boe 45
  • Oil and Gas Cost Per boe, US$/boe, 2013-2017 45
  • Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2013-2017 47
  • Black Hills Corp, Reserve Replacement Ratio 50
  • Oil and Gas Production Replacement Ratio 50
  • Oil and Gas Production Replacement Ratio, 2013-2017 50
  • Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 53
  • Black Hills Corp, Results of Oil & Gas Operations Trend 60
  • Oil and Gas Revenue and Expenses 60
  • Oil and Gas Revenue and Expenses, 2013-2017 60
  • Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 62
  • Oil and Gas Revenue and Expenses, Per boe 67
  • Oil and Gas Revenue and Expenses, By boe, 2013-2017 67
  • Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 68
  • Oil and Gas Performance Metrics 73
  • Black Hills Corp, Land Holdings and Well Data 74
  • Developed and Undeveloped Acreage 74
  • Gross and Net Developed and Undeveloped Acreage, 2013-2017 74
  • Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2013-2017 76
  • Well Statistics 80
  • Producible Oil and Gas Well, 2013-2017 80
  • Producible Oil and Gas Well, By Country/Region, 2013-2017 82
  • Exploration and Development Wells Drilled, 2013-2017 90
  • Exploration and Development Wells Drilled, By Country/Region, 2013-2017 92
  • Recent Developments 93
  • Black Hills Corp - Recent Developments 93
  • Oct 31, 2018: Black Hills Corp. announces CEO succession and Board addition 93
  • Oct 09, 2018: Black Hills Corp. receives approval of rate increase request in Arkansas 94
  • Oct 03, 2018: Black Hills Energy files proposed plan for residential time of day pilot program with the Colorado Public Utilities Commission 95
  • Sep 05, 2018: Black Hills to Deliver Tax Reform Benefits to South Dakota Utility Customers 96
  • Aug 29, 2018: Black Hills to Ring Opening Bell at New York Stock Exchange 96
  • Aug 07, 2018: Black Hills Corp. Reports Second Quarter 2018 Results 97
  • Aug 07, 2018: Black Hills Corp. Reports Second Quarter 2018 Results 99
  • Aug 07, 2018: Black Hills Corp. Reports Second Quarter 2018 Results 102
  • Jul 02, 2018: Black Hills Proposes New Pipeline And Provides Regulatory And Tax Reform Update 105
  • May 03, 2018: Black Hills Corp. Reports Solid First Quarter 2018 Results 106
  • Appendix 107
  • Methodology 107
  • Coverage 107
  • Secondary Research 107
  • Primary Research 108
  • Data Information Sources 108
  • Company Source 108
  • SEC/Other Regulatory Filings 108
  • Other Sources 108
  • Expert Panel Validation 108
  • Data Definition 109
  • Oil and Gas Reserves 109
  • Units of Measure 109
  • About GlobalData 110
  • Disclosure 110
  • Disclaimer 110
  • List of Tables
  • Table 1: Black Hills Corp, Key Facts 7
  • Table 2: Black Hills Corp, Share Price Performance, Q4, 2016-Q4, 2017 8
  • Table 3: Black Hills Corp, Key Valuation Metrics, Q4, 2016-Q4, 2017 9
  • Table 4: Black Hills Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
  • Table 5: Black Hills Corp, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2016-Q4, 2017 11
  • Table 6: Black Hills Corp, Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
  • Table 7: Black Hills Corp, Total Crude Oil and Natural Gas, Production, Q4, 2016-Q4, 2017 14
  • Table 8: Black Hills Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
  • Table 9: Black Hills Corp, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
  • Table 10: Black Hills Corp, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
  • Table 11: Black Hills Corp, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 18
  • Table 12: Black Hills Corp, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 19
  • Table 13: Black Hills Corp, Share Price Performance, 2013-2017 21
  • Table 14: Black Hills Corp, Key Valuation Metrics, 2013-2017 22
  • Table 15: Black Hills Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 24
  • Table 16: Black Hills Corp, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 26
  • Table 17: Black Hills Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 27
  • Table 18: Black Hills Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 29
  • Table 19: Black Hills Corp, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 30
  • Table 20: Black Hills Corp, Crude Oil Reserve Changes, mmbbl, 2013-2017 31
  • Table 21: Black Hills Corp, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 33
  • Table 22: Black Hills Corp, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 35
  • Table 23: Black Hills Corp, Natural Gas Reserve Changes, bcf, 2013-2017 36
  • Table 24: Black Hills Corp, Oil and Gas Reserves Life Index, Years, 2013-2017 37
  • Table 25: Black Hills Corp, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 40
  • Table 26: Black Hills Corp, Upstream Capital Expenditure, US$ mil, 2013-2017 42
  • Table 27: Black Hills Corp, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2013-2017 43
  • Table 28: Black Hills Corp, Exploration and Development Costs, By Country/Region, US$ mil, 2013-2017 44
  • Table 29: Black Hills Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 46
  • Table 30: Black Hills Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2013-2017 49
  • Table 31: Black Hills Corp, Oil and Gas Production Replacement Ratio, %, 2013-2017 51
  • Table 32: Black Hills Corp, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 59
  • Table 33: Black Hills Corp, Revenue and Expenses, US$ mil, 2013-2017 61
  • Table 34: Black Hills Corp, Revenue and Expenses, By Country/Region, US$ mil, 2013-2017 66
  • Table 35: Black Hills Corp, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 67
  • Table 36: Black Hills Corp, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2013-2017 72
  • Table 37: Black Hills Corp, Oil and Gas Performance Metrics, 2013-2017 73
  • Table 38: Black Hills Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 75
  • Table 39: Black Hills Corp, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2013-2017 79
  • Table 40: Black Hills Corp, Producible Oil and Gas Wells, 2013-2017 81
  • Table 41: Black Hills Corp, Producible Oil and Gas Wells, By Country/Region, 2013-2017 89
  • Table 42: Black Hills Corp, Exploratory and Developed Wells, 2013-2017 91
  • Table 43: Black Hills Corp, Exploratory and Developed Wells, By Country/Region, 2013-2017 92
  • List of Figures
  • Figure 1: Black Hills Corp, Share Price Performance, USD/Share, Q4, 2016-Q4, 2017 8
  • Figure 2: Black Hills Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2016-Q4, 2017 9
  • Figure 3: Black Hills Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
  • Figure 4: Black Hills Corp, Upstream Capital Expenditure, US$ mil, Q4, 2016-Q4, 2017 12
  • Figure 5: Black Hills Corp, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2016-Q4, 2017 13
  • Figure 6: Black Hills Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
  • Figure 7: Black Hills Corp, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
  • Figure 8: Black Hills Corp, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
  • Figure 9: Black Hills Corp, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 18
  • Figure 10: Black Hills Corp, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 19
  • Figure 11: Black Hills Corp, Share Price Performance, USD/Share, 2013-2017 20
  • Figure 12: Black Hills Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2013-2017 22
  • Figure 13: Black Hills Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 23
  • Figure 14: Black Hills Corp, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 25
  • Figure 15: Black Hills Corp, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 26
  • Figure 16: Black Hills Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 28
  • Figure 17: Black Hills Corp, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 30
  • Figure 19: Black Hills Corp, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 32
  • Figure 20: Black Hills Corp, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 34
  • Figure 21: Black Hills Corp, Gas Production, By Country/Region, bcf, 2013-2017 35
  • Figure 22: Black Hills Corp, Oil and Gas Reserves Life Index, Years, 2013-2017 37
  • Figure 23: Black Hills Corp, Gas Reserve Life Index, By Country/Region, Ratio, 2013-2017 38
  • Figure 24: Black Hills Corp, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2013-2017 39
  • Figure 25: Black Hills Corp, Oil Reserve Life Index, By Country/Region, Ratio, 2013-2017 40
  • Figure 26: Black Hills Corp, Upstream Capital Expenditure, US$ mil, 2013-2017 41
  • Figure 31: Black Hills Corp, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 45
  • Figure 32: Black Hills Corp, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 47
  • Figure 33: Black Hills Corp, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 48
  • Figure 34: Black Hills Corp, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 49
  • Figure 35: Black Hills Corp, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 50
  • Figure 36: Black Hills Corp, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2013-2017 53
  • Figure 37: Black Hills Corp, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2013-2017 54
  • Figure 38: Black Hills Corp, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2013-2017 55
  • Figure 39: Black Hills Corp, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2013-2017 56
  • Figure 40: Black Hills Corp, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2013-2017 57
  • Figure 41: Black Hills Corp, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2013-2017 58
  • Figure 42: Black Hills Corp, Revenue and Expenses, US$ mil, 2013-2017 60
  • Figure 43: Black Hills Corp, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 62
  • Figure 46: Black Hills Corp, Oil & Gas Revenue, By Country/Region, US$ mil, 2013-2017 63
  • Figure 48: Black Hills Corp, Production Costs, By Country/Region, US$ mil, 2013-2017 64
  • Figure 49: Black Hills Corp, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 65
  • Figure 50: Black Hills Corp, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 67
  • Figure 52: Black Hills Corp, Lifting Cost per boe, By Country/Region, US$/boe, 2013-2017 68
  • Figure 54: Black Hills Corp, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2013-2017 69
  • Figure 55: Black Hills Corp, Total DD&A per boe, By Country/Region, US$/boe, 2013-2017 70
  • Figure 56: Black Hills Corp, Total Revenue per boe, By Country/Region, US$/boe, 2013-2017 71
  • Figure 57: Black Hills Corp, Oil and Gas Performance Metrics, 2013-2017 73
  • Figure 58: Black Hills Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 74
  • Figure 59: Black Hills Corp, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2013-2017 76
  • Figure 60: Black Hills Corp, Total Net Undeveloped Acreage, By Country/Region, Acres, 2013-2017 77
  • Figure 61: Black Hills Corp, Total Gross Developed Acreage, By Country/Region, Acres, 2013-2017 78
  • Figure 62: Black Hills Corp, Total Net Developed Acreage, By Country/Region, Acres, 2013-2017 79
  • Figure 63: Black Hills Corp, Producible Oil and Gas Wells, 2013-2017 80
  • Figure 64: Black Hills Corp, Gross Productive Gas Wells, By Country/Region, Number, 2013-2017 82
  • Figure 65: Black Hills Corp, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 83
  • Figure 66: Black Hills Corp, Gross Productive Oil Wells, By Country/Region, Number, 2013-2017 84
  • Figure 67: Black Hills Corp, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2013-2017 85
  • Figure 68: Black Hills Corp, Net Productive Gas Wells, By Country/Region, Number, 2013-2017 86
  • Figure 69: Black Hills Corp, Net Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 87
  • Figure 70: Black Hills Corp, Net Productive Oil Wells, By Country/Region, Number, 2013-2017 88
  • Figure 71: Black Hills Corp, Exploratory and Developed Wells, 2013-2017 90

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