Earthstone Energy Inc Oil & Gas Exploration and Production Operations and Cost Analysis - Q4, 2017
September 2018
106
About the Report
About the Report
Summary
Earthstone Energy Inc 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.
Earthstone Energy Inc (Earthstone Energy), formerly Basic Earth Science Systems Inc is an independent oil and gas company that offers acquisition, exploration, production and development of oil and gas properties. The company's activities include acquiring, drilling, developing and producing undeveloped leases, purchasing oil and natural gas reserves, and conducting exploration activities. Its assets are located in the Midland Basin of west Texas, the Eagle Ford trend of south Texas and in the Williston Basin of North Dakota. The company operates through its offices located in Texas and Colorado, the US. Earthstone Energy is headquartered in the The Woodlands, Texas, the US.
Scope
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 (USD boe/d) and EV/Proved Reserve (USD /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 up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth 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 in-depth 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.
Products
Products
Reserves, Production, Acquisition Costs, Development Costs, Exploration Costs, Total Costs Incurred, Acreage, Well, Price, Oil Reserves, Gas Reserves, Total Oil & Gas Reserves, Oil Production, Gas Production, Total Oil & Gas Production, F&D Costs Per boe, Reserve Replacement Ratio
Table of Contents
Table of Contents
Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 7
Key Information 7
Company Overview 7
Earthstone Energy Inc, Valuation and Financial Data 8
Earthstone Energy Inc, Share Price Performance 8
Share Price Performance, Q4, 2016-Q4, 2017 8
Earthstone Energy Inc, Key Valuation Metrics 9
Key Valuation Metrics, Q4, 2016-Q4, 2017 9
Earthstone Energy Inc, 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
Earthstone Energy Inc, Quarterly Production Trends 12
Earthstone Energy Inc, Total Oil and Gas Production 12
Total Crude Oil and Natural Gas Production Trend, Q4, 2016-Q4, 2017 12
Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 14
Earthstone Energy Inc, Crude Oil Production 15
Total Crude Oil Production Trend, Q4, 2016-Q4, 2017 15
Crude Oil Production, By Country/Region, Q4, 2016-Q4, 2017 16
Earthstone Energy Inc, Natural Gas Production 17
Total Natural Gas Production Trend, Q4, 2016-Q4, 2017 17
Natural Gas Production, By Country/Region, Q4, 2016-Q4, 2017 18
Earthstone Energy Inc, Valuation and Financial Data, 2013-2017 19
Earthstone Energy Inc, Share Price Performance, 2013-2017 19
Share Price Performance, 2013-2017 19
Key Valuation Metrics, 2013-2017 21
Earthstone Energy Inc, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2013-2017 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2013-2017 24
Total Crude Oil and Natural Gas Reserve Changes, 2013-2017 26
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 32
Natural Gas Production and Reserve 34
Natural Gas Production and Reserve Trend, 2013-2017 34
Natural Gas Production and Reserves, By Country/Region, 2013-2017 36
Natural Gas Reserve Changes, 2013-2017 38
Total Crude Oil and Natural Gas Reserves Life Index 40
Total Crude Oil and Natural Gas Reserves Life Index, 2013-2017 40
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2013-2017 41
Earthstone Energy Inc, E&P Costs Trends 44
Allocation of the Upstream Capital Expenditure 44
Upstream Capital Expenditure, 2013-2017 44
Acquisition Costs By Country/Region, 2013-2017 46
Exploration and Development Costs, By Country/Region, 2013-2017 48
Oil and Gas Cost Per boe, USD /boe 49
Oil and Gas Cost Per boe, USD /boe, 2013-2017 49
Oil and Gas Cost Per boe, USD /boe, By Country/Region, 2013-2017 51
Earthstone Energy Inc, Reserve Replacement Ratio 55
Oil and Gas Production Replacement Ratio 55
Oil and Gas Production Replacement Ratio, 2013-2017 55
Oil and Gas Production Replacement Ratio, By Country/Region, 2013-2017 58
Earthstone Energy Inc, Results of Oil & Gas Operations Trend 63
Oil and Gas Revenue and Expenses 63
Oil and Gas Revenue and Expenses, 2013-2017 63
Oil and Gas Revenue and Expenses, By Country/Region, 2013-2017 65
Oil and Gas Revenue and Expenses, Per boe 69
Oil and Gas Revenue and Expenses, By boe, 2013-2017 69
Oil and Gas Performance Metrics 75
Earthstone Energy Inc, Land Holdings and Well Data 76
Developed and Undeveloped Acreage 76
Gross and Net Developed and Undeveloped Acreage, 2013-2017 76
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2013-2017 78
Well Statistics 81
Producible Oil and Gas Well, 2013-2017 81
Producible Oil and Gas Well, By Country/Region, 2013-2017 83
Exploration and Development Wells Drilled, 2013-2017 89
Exploration and Development Wells Drilled, By Country/Region, 2013-2017 91
Recent Developments 92
Earthstone Energy Inc-Recent Developments 92
Aug 06, 2018: Earthstone Energy reports second quarter and year to date 2018 financial results and provides operations update 92
May 03, 2018: Earthstone Energy Reports First Quarter 2018 Results 94
Apr 02, 2018: Earthstone Energy Announces Promotion Of Robert J. Anderson To President 96
Mar 14, 2018: Earthstone Energy Reports Full Year 2017 And Fourth Quarter Results 96
Jan 22, 2018: Earthstone Energy Provides Operations Update And 2018 Guidance 99
Jul 19, 2017: Earthstone Energy Provides Operations And 2017 Guidance Updates 101
Appendix 103
Methodology 103
Coverage 103
Secondary Research 103
Primary Research 104
Data Information Sources 104
Company Source 104
SEC/Other Regulatory Filings 104
Other Sources 104
Expert Panel Validation 104
Data Definition 105
Oil and Gas Reserves 105
Units of Measure 105
About GlobalData 106
Disclosure 106
Disclaimer 106
List of Figure
List of Figures
Figure 1: Earthstone Energy Inc, Share Price Performance, USD/Share, Q4, 2016-Q4, 2017 8
Figure 2: Earthstone Energy Inc, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), Q4, 2016-Q4, 2017 9
Figure 3: Earthstone Energy Inc, Results of Oil & Gas Operations Per boe Produced, USD /boe, Q4, 2016-Q4, 2017 10
Figure 4: Earthstone Energy Inc, Total Crude Oil and Natural Gas, Production, mmboe, Q4, 2016-Q4, 2017 12
Figure 5: Earthstone Energy Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 14
Figure 6: Earthstone Energy Inc, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 15
Figure 7: Earthstone Energy Inc, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 16
Figure 8: Earthstone Energy Inc, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 17
Figure 9: Earthstone Energy Inc, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 18
Figure 10: Earthstone Energy Inc, Share Price Performance, USD/Share, 2013-2017 19
Figure 11: Earthstone Energy Inc, Key Valuation Metrics, EV/Production (USD /boed), EV/Proved Reserve (USD /boe), 2013-2017 21
Figure 12: Earthstone Energy Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 22
Figure 13: Earthstone Energy Inc, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2013-2017 24
Figure 14: Earthstone Energy Inc, Total Oil & Gas Production, By Country/Region, mmboe, 2013-2017 24
Figure 15: Earthstone Energy Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2017 26
Figure 16: Earthstone Energy Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 28
Figure 17: Earthstone Energy Inc, Oil Reserves, End of Period, By Country/Region, mmbbl, 2013-2017 30
Figure 18: Earthstone Energy Inc, Oil Production, By Country/Region, mmbbl, 2013-2017 30
Figure 19: Earthstone Energy Inc, Crude Oil Reserve Changes, mmbbl, 2017 32
Figure 20: Earthstone Energy Inc, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 34
Figure 21: Earthstone Energy Inc, Gas Reserves, End of Period, By Country/Region, bcf, 2013-2017 36
Figure 22: Earthstone Energy Inc, Gas Production, By Country/Region, bcf, 2013-2017 36
Figure 23: Earthstone Energy Inc, Natural Gas Reserve Changes, bcf, 2017 38
Figure 24: Earthstone Energy Inc, Oil and Gas Reserves Life Index, Years, 2013-2017 40
Figure 25: Earthstone Energy Inc, Gas Reserve Life Index, By Country/Region, Years, 2013-2017 41
Figure 26: Earthstone Energy Inc, Oil & Gas Reserve Life Index, By Country/Region, Years, 2013-2017 41
Figure 27: Earthstone Energy Inc, Oil Reserve Life Index, By Country/Region, Years, 2013-2017 42
Figure 28: Earthstone Energy Inc, Upstream Capital Expenditure, USD mil, 2013-2017 44
Figure 29: Earthstone Energy Inc, Proved Acquisition Costs, By Country/Region, USD mil, 2013-2017 46
Figure 30: Earthstone Energy Inc, Unproved Acquisition Costs, By Country/Region, USD mil, 2013-2017 46
Figure 31: Earthstone Energy Inc, Development Costs, By Country/Region, USD mil, 2013-2017 48
Figure 33: Earthstone Energy Inc, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 49
Figure 34: Earthstone Energy Inc, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, USD /boe, 2013-2017 51
Figure 35: Earthstone Energy Inc, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, USD /boe, 2013-2017 51
Figure 36: Earthstone Energy Inc, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, USD /boe, 2013-2017 52
Figure 37: Earthstone Energy Inc, Proved Reserves Acquisition Cost per boe, 3-Year Average, By Country/Region, USD /boe, 2013-2017 53
Figure 38: Earthstone Energy Inc, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2013-2017 55
Figure 39: Earthstone Energy Inc, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2013-2017 58
Figure 40: Earthstone Energy Inc, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2013-2017 58
Figure 41: Earthstone Energy Inc, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2013-2017 59
Figure 42: Earthstone Energy Inc, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2013-2017 60
Figure 43: Earthstone Energy Inc, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2013-2017 60
Figure 44: Earthstone Energy Inc, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2013-2017 61
Figure 45: Earthstone Energy Inc, Revenue and Expenses, USD mil, 2013-2017 63
Figure 46: Earthstone Energy Inc, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 65
Figure 50: Earthstone Energy Inc, Oil & Gas Revenue, By Country/Region, USD mil, 2013-2017 65
Figure 52: Earthstone Energy Inc, Production Costs, By Country/Region, USD mil, 2013-2017 66
Figure 53: Earthstone Energy Inc, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, USD mil, 2013-2017 67
Figure 54: Earthstone Energy Inc, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 69
Figure 57: Earthstone Energy Inc, Lifting Cost per boe, By Country/Region, USD /boe, 2013-2017 71
Figure 59: Earthstone Energy Inc, Oil & Gas Revenue per boe, By Country/Region, USD /boe, 2013-2017 71
Figure 60: Earthstone Energy Inc, Total DD&A per boe, By Country/Region, USD /boe, 2013-2017 72
Figure 61: Earthstone Energy Inc, Total Revenue per boe, By Country/Region, USD /boe, 2013-2017 73
Figure 62: Earthstone Energy Inc, Oil and Gas Performance Metrics, 2013-2017 75
Figure 63: Earthstone Energy Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 76
Figure 64: Earthstone Energy Inc, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2013-2017 78
Figure 65: Earthstone Energy Inc, Total Net Undeveloped Acreage, By Country/Region, Acres, 2013-2017 78
Figure 66: Earthstone Energy Inc, Total Gross Developed Acreage, By Country/Region, Acres, 2013-2017 79
Figure 67: Earthstone Energy Inc, Total Net Developed Acreage, By Country/Region, Acres, 2013-2017 80
Figure 68: Earthstone Energy Inc, Producible Oil and Gas Wells, 2013-2017 81
Figure 69: Earthstone Energy Inc, Gross Productive Gas Wells, By Country/Region, Number, 2013-2017 83
Figure 70: Earthstone Energy Inc, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 83
Figure 71: Earthstone Energy Inc, Gross Productive Oil Wells, By Country/Region, Number, 2013-2017 84
Figure 72: Earthstone Energy Inc, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2013-2017 85
Figure 73: Earthstone Energy Inc, Net Productive Gas Wells, By Country/Region, Number, 2013-2017 85
Figure 74: Earthstone Energy Inc, Net Productive Oil & Gas Wells, By Country/Region, Number, 2013-2017 86
Figure 75: Earthstone Energy Inc, Net Productive Oil Wells, By Country/Region, Number, 2013-2017 87
Figure 76: Earthstone Energy Inc, Exploratory and Developed Wells, 2013-2017 89
List of Table
List of Tables
Table 1: Earthstone Energy Inc, Key Facts 7
Table 2: Earthstone Energy Inc, Share Price Performance, Q4, 2016-Q4, 2017 8
Table 3: Earthstone Energy Inc, Key Valuation Metrics, Q4, 2016-Q4, 2017 9
Table 4: Earthstone Energy Inc, Results of Oil & Gas Operations Per boe Produced, USD /boe, Q4, 2016-Q4, 2017 10
Table 5: Earthstone Energy Inc, Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2016-Q4, 2017 11
Table 6: Earthstone Energy Inc, Total Crude Oil and Natural Gas, Production, Q4, 2016-Q4, 2017 13
Table 7: Earthstone Energy Inc, Total Oil & Gas Production, By Country/Region, mmboe, Q4, 2016-Q4, 2017 14
Table 8: Earthstone Energy Inc, Total Crude Oil Production, mmbbl, Q4, 2016-Q4, 2017 15
Table 9: Earthstone Energy Inc, Crude Oil Production, By Country/Region, mmbbl, Q4, 2016-Q4, 2017 16
Table 10: Earthstone Energy Inc, Total Natural Gas Production, bcf, Q4, 2016-Q4, 2017 17
Table 11: Earthstone Energy Inc, Natural Gas Production, By Country/Region, bcf, Q4, 2016-Q4, 2017 18
Table 12: Earthstone Energy Inc, Share Price Performance, 2013-2017 20
Table 13: Earthstone Energy Inc, Key Valuation Metrics, 2013-2017 21
Table 14: Earthstone Energy Inc, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2013-2017 23
Table 15: Earthstone Energy Inc, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2013-2017 25
Table 16: Earthstone Energy Inc, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2013-2017 27
Table 17: Earthstone Energy Inc, Crude Oil Production and Reserves Metrics, mmbbl, 2013-2017 29
Table 18: Earthstone Energy Inc, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2013-2017 31
Table 19: Earthstone Energy Inc, Crude Oil Reserve Changes, mmbbl, 2013-2017 33
Table 20: Earthstone Energy Inc, Natural Gas Production and Reserves Metrics, bcf, 2013-2017 35
Table 21: Earthstone Energy Inc, Natural Gas Production and Reserves, By Country/Region, bcf, 2013-2017 37
Table 22: Earthstone Energy Inc, Natural Gas Reserve Changes, bcf, 2013-2017 39
Table 23: Earthstone Energy Inc, Oil and Gas Reserves Life Index, Years, 2013-2017 40
Table 24: Earthstone Energy Inc, Oil and Gas Reserves Life Index, By Country/Region, Years, 2013-2017 43
Table 25: Earthstone Energy Inc, Upstream Capital Expenditure, USD mil, 2013-2017 45
Table 26: Earthstone Energy Inc, Proved and Unproved Acquisition Costs, By Country/Region, USD mil, 2013-2017 47
Table 27: Earthstone Energy Inc, Exploration and Development Costs, By Country/Region, USD mil, 2013-2017 48
Table 28: Earthstone Energy Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, 2013-2017 50
Table 29: Earthstone Energy Inc, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, USD /boe, By Country/Region, 2013-2017 54
Table 30: Earthstone Energy Inc, Oil and Gas Production Replacement Ratio, %, 2013-2017 56
Table 31: Earthstone Energy Inc, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2013-2017 62
Table 32: Earthstone Energy Inc, Revenue and Expenses, USD mil, 2013-2017 64
Table 33: Earthstone Energy Inc, Revenue and Expenses, By Country/Region, USD mil, 2013-2017 68
Table 34: Earthstone Energy Inc, Oil and Gas Revenue and Expenses, USD /boe, 2013-2017 70
Table 35: Earthstone Energy Inc, Oil and Gas Revenue and Expenses, USD /boe, By Country/Region, 2013-2017 74
Table 36: Earthstone Energy Inc, Oil and Gas Performance Metrics, 2013-2017 75
Table 37: Earthstone Energy Inc, Land Holdings (Developed and Undeveloped Acreage), Acres, 2013-2017 77
Table 38: Earthstone Energy Inc, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2013-2017 80
Table 39: Earthstone Energy Inc, Producible Oil and Gas Wells, 2013-2017 82
Table 40: Earthstone Energy Inc, Producible Oil and Gas Wells, By Country/Region, 2013-2017 88
Table 41: Earthstone Energy Inc, Exploratory and Developed Wells, 2013-2017 90
Table 42: Earthstone Energy Inc, Exploratory and Developed Wells, By Country/Region, 2013-2017 91
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