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MEG Energy Corp Oil & Gas Exploration and Production Operations and Cost Analysis – Q4, 2017

Published: November 2018
Pages: 86
Code: 22F6B6A147C801162223BC01C8A870F0
Format: PDF
Publisher GlobalData
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$ 250.00
MEG Energy 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.
MEG Energy Corp (MEG) is an oil and gas company that develops and produces from oil sands. The company operates Christina lake, May River and Surmont project. Its technologies comprise steam-assisted gravity drainage, cogeneration, Hi-Q field pilot and eMSAGP. MEG's Christina Lake project is located in the southern Athabasca oil sands region which produces several barrels per day. The company's Hi-Q field pilot is used to improve the quality of oil sands based bitumen allowing it to be shipped in pipelines without blending with light hydrocarbons. The company has operations in the US and Canada. MEG is headquartered in Calgary, Alberta, Canada.

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
  • MEG Energy Corp, Valuation and Financial Data 8
  • MEG Energy Corp, Share Price Performance 8
  • Share Price Performance, Q4, 2016-Q4, 2017 8
  • MEG Energy Corp, Key Valuation Metrics 9
  • Key Valuation Metrics, Q4, 2016-Q4, 2017 9
  • MEG Energy 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
  • MEG Energy Corp, Quarterly E&P Costs Trends 12
  • Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
  • MEG Energy Corp, Quarterly Production Trends 13
  • MEG Energy 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
  • MEG Energy 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
  • MEG Energy Corp, Valuation and Financial Data, 2013-2017 18
  • MEG Energy Corp, Share Price Performance, 2013-2017 18
  • Share Price Performance, 2013-2017 18
  • Key Valuation Metrics, 2013-2017 20
  • MEG Energy Corp, Production and Reserves Trends 21
  • Total Oil and Gas, Reserves and Production 21
  • Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 21
  • Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 23
  • Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 25
  • Crude Oil/Liquids Production and Reserve 26
  • Crude Oil/Liquids Production and Reserve Trend, 2013-2017 26
  • Crude Oil Production and Reserves By Country/Region, 2013-2017 28
  • Crude Oil/Liquids Reserve Changes, 2013-2017 30
  • Total Crude Oil and Natural Gas Reserves Life Index 31
  • Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 31
  • Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 32
  • MEG Energy Corp, E&P Costs Trends 34
  • Allocation of the Upstream Capital Expenditure 34
  • Upstream Capital Expenditure, 2013-2017 34
  • Acquisition Costs By Country/Region, 2013-2017 35
  • Oil and Gas Cost Per boe, US$/boe 35
  • Oil and Gas Cost Per boe, US$/boe, 2013-2017 35
  • Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2013-2017 37
  • MEG Energy Corp, Reserve Replacement Ratio 39
  • Oil and Gas Production Replacement Ratio 39
  • Oil and Gas Production Replacement Ratio, 2013-2017 39
  • Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 41
  • MEG Energy Corp, Results of Oil & Gas Operations Trend 45
  • Oil and Gas Revenue and Expenses 45
  • Oil and Gas Revenue and Expenses, 2013-2017 45
  • Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 47
  • Oil and Gas Revenue and Expenses, Per boe 54
  • Oil and Gas Revenue and Expenses, By boe, 2013-2017 54
  • Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2013-2017 55
  • Oil and Gas Performance Metrics 61
  • MEG Energy Corp, Land Holdings and Well Data 62
  • Developed and Undeveloped Acreage 62
  • Gross and Net Developed and Undeveloped Acreage, 2013-2017 62
  • Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2013-2017 63
  • Well Statistics 65
  • Producible Oil and Gas Well, 2013-2017 65
  • Producible Oil and Gas Well, By Country/Region, 2013-2017 66
  • Exploration and Development Wells Drilled, 2013-2017 72
  • Exploration and Development Wells Drilled, By Country/Region, 2013-2017 73
  • Recent Developments 74
  • MEG Energy Corp - Recent Developments 74
  • Oct 02, 2018: Husky Energy makes $4.95bn acquisition bid for MEG Energy 74
  • Sep 04, 2018: MEG Energy appoints Chi-Tak Yee as Chief Operating Officer 74
  • Aug 13, 2018: MEG Energy Announces Appointment of Derek Evans to its Board of Directors 75
  • Aug 08, 2018: MEG Energy Names Derek Evans as New Chief Executive Officer 75
  • Aug 08, 2018: MEG Energy Names Derek Evans as New Chief Executive Officer 76
  • Aug 02, 2018: MEG Energy reports second quarter 2018 results, achieving new production record of 98,000 bpd in July with Phase 2B eMSAGP essentially complete 77
  • Jul 24, 2018: MEG Energy announces resignation of Director 79
  • May 30, 2018: Government of Canada invests in world-leading clean technology innovations 80
  • May 10, 2018: MEG Energy Reports Strong First Quarter 2018 Results 80
  • Apr 23, 2018: MEG Energy Announces Bill McCaffrey, Co-Founder, Director, President & CEO Is Retiring 82
  • Appendix 83
  • Methodology 83
  • Coverage 83
  • Secondary Research 83
  • Primary Research 84
  • Data Information Sources 84
  • Company Source 84
  • SEC/Other Regulatory Filings 84
  • Other Sources 84
  • Expert Panel Validation 84
  • Data Definition 85
  • Oil and Gas Reserves 85
  • Units of Measure 85
  • About GlobalData 86
  • Disclosure 86
  • Disclaimer 86
  • List of Tables
  • Table 1: MEG Energy Corp, Key Facts 7
  • Table 2: MEG Energy Corp, Share Price Performance, Q4, 2016-Q4, 2017 8
  • Table 3: MEG Energy Corp, Key Valuation Metrics, Q4, 2016-Q4, 2017 9
  • Table 4: MEG Energy Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
  • Table 5: MEG Energy Corp, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2016-Q4, 2017 11
  • Table 6: MEG Energy Corp, Upstream Capital Expenditure, Q4, 2016-Q4, 2017 12
  • Table 7: MEG Energy Corp, Total Crude Oil and Natural Gas, Production, Q4, 2016-Q4, 2017 14
  • Table 8: MEG Energy Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
  • Table 9: MEG Energy Corp, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
  • Table 10: MEG Energy Corp, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
  • Table 11: MEG Energy Corp, Share Price Performance, 2013-2017 19
  • Table 12: MEG Energy Corp, Key Valuation Metrics, 2013-2017 20
  • Table 13: MEG Energy Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 22
  • Table 14: MEG Energy Corp, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 24
  • Table 15: MEG Energy Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 25
  • Table 16: MEG Energy Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 27
  • Table 17: MEG Energy Corp, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 29
  • Table 18: MEG Energy Corp, Crude Oil Reserve Changes, mmbbl, 2013-2017 30
  • Table 19: MEG Energy Corp, Oil and Gas Reserves Life Index, Years, 2013-2017 31
  • Table 20: MEG Energy Corp, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 33
  • Table 21: MEG Energy Corp, Upstream Capital Expenditure, US$ mil, 2013-2017 34
  • Table 23: MEG Energy Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 36
  • Table 24: MEG Energy Corp, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2013-2017 38
  • Table 25: MEG Energy Corp, Oil and Gas Production Replacement Ratio, %, 2013-2017 40
  • Table 26: MEG Energy Corp, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 44
  • Table 27: MEG Energy Corp, Revenue and Expenses, US$ mil, 2013-2017 46
  • Table 28: MEG Energy Corp, Revenue and Expenses, By Country/Region, US$ mil, 2013-2017 53
  • Table 29: MEG Energy Corp, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 54
  • Table 30: MEG Energy Corp, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2013-2017 60
  • Table 31: MEG Energy Corp, Oil and Gas Performance Metrics, 2013-2017 61
  • Table 32: MEG Energy Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 62
  • Table 33: MEG Energy Corp, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2013-2017 64
  • Table 34: MEG Energy Corp, Producible Oil and Gas Wells, 2013-2017 65
  • Table 35: MEG Energy Corp, Producible Oil and Gas Wells, By Country/Region, 2013-2017 71
  • Table 36: MEG Energy Corp, Exploratory and Developed Wells, 2013-2017 72
  • Table 37: MEG Energy Corp, Exploratory and Developed Wells, By Country/Region, 2013-2017 73
  • List of Figures
  • Figure 1: MEG Energy Corp, Share Price Performance, CAD/Share, Q4, 2016-Q4, 2017 8
  • Figure 2: MEG Energy Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q4, 2016-Q4, 2017 9
  • Figure 3: MEG Energy Corp, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q4, 2016-Q4, 2017 10
  • Figure 4: MEG Energy Corp, Upstream Capital Expenditure, US$ mil, Q4, 2016-Q4, 2017 12
  • Figure 5: MEG Energy Corp, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2016-Q4, 2017 13
  • Figure 6: MEG Energy Corp, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 15
  • Figure 7: MEG Energy Corp, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 16
  • Figure 8: MEG Energy Corp, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 17
  • Figure 9: MEG Energy Corp, Share Price Performance, CAD/Share, 2013-2017 18
  • Figure 10: MEG Energy Corp, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2013-2017 20
  • Figure 11: MEG Energy Corp, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 21
  • Figure 12: MEG Energy Corp, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 23
  • Figure 13: MEG Energy Corp, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 24
  • Figure 14: MEG Energy Corp, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017 25
  • Figure 15: MEG Energy Corp, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 26
  • Figure 16: MEG Energy Corp, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 28
  • Figure 17: MEG Energy Corp, Oil Production, By Country/Region, mmbbl, 2013-2017 29
  • Figure 18: MEG Energy Corp, Crude Oil Reserve Changes, mmbbl, 2017 30
  • Figure 19: MEG Energy Corp, Oil and Gas Reserves Life Index, Years, 2013-2017 31
  • Figure 20: MEG Energy Corp, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017 32
  • Figure 21: MEG Energy Corp, Oil Reserve Life Index, By Country/Region, Years, 2013-2017 33
  • Figure 23: MEG Energy Corp, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2013-2017 35
  • Figure 24: MEG Energy Corp, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 37
  • Figure 25: MEG Energy Corp, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2013-2017 38
  • Figure 26: MEG Energy Corp, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 39
  • Figure 27: MEG Energy Corp, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2013-2017 41
  • Figure 28: MEG Energy Corp, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2013-2017 42
  • Figure 29: MEG Energy Corp, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2013-2017 43
  • Figure 30: MEG Energy Corp, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2013-2017 44
  • Figure 31: MEG Energy Corp, Revenue and Expenses, US$ mil, 2013-2017 45
  • Figure 32: MEG Energy Corp, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 47
  • Figure 34: MEG Energy Corp, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 48
  • Figure 35: MEG Energy Corp, Oil & Gas Revenue, By Country/Region, US$ mil, 2013-2017 49
  • Figure 36: MEG Energy Corp, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 50
  • Figure 37: MEG Energy Corp, Production Costs, By Country/Region, US$ mil, 2013-2017 51
  • Figure 38: MEG Energy Corp, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2013-2017 52
  • Figure 39: MEG Energy Corp, Oil and Gas Revenue and Expenses, US$/boe, 2013-2017 54
  • Figure 41: MEG Energy Corp, Lifting Cost per boe, By Country/Region, US$/boe, 2013-2017 55
  • Figure 42: MEG Energy Corp, Annual Net Income per boe, By Country/Region, US$/boe, 2013-2017 56
  • Figure 43: MEG Energy Corp, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2013-2017 57
  • Figure 44: MEG Energy Corp, Total DD&A per boe, By Country/Region, US$/boe, 2013-2017 58
  • Figure 45: MEG Energy Corp, Total Revenue per boe, By Country/Region, US$/boe, 2013-2017 59
  • Figure 46: MEG Energy Corp, Oil and Gas Performance Metrics, 2013-2017 61
  • Figure 47: MEG Energy Corp, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 62
  • Figure 48: MEG Energy Corp, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2013-2017 63
  • Figure 49: MEG Energy Corp, Total Net Undeveloped Acreage, By Country/Region, Acres, 2013-2017 64
  • Figure 50: MEG Energy Corp, Producible Oil and Gas Wells, 2013-2017 65
  • Figure 51: MEG Energy Corp, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 66
  • Figure 52: MEG Energy Corp, Gross Productive Oil Wells, By Country/Region, Number, 2013-2017 67
  • Figure 53: MEG Energy Corp, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2013-2017 68
  • Figure 54: MEG Energy Corp, Net Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 69
  • Figure 55: MEG Energy Corp, Net Productive Oil Wells, By Country/Region, Number, 2013-2017 70

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