Calculating Metrics of Certain Current Oil and Gas Companies

In: Business and Management

Submitted By jmatusak
Words 820
Pages 4
DEFINITIONS
Organic finding & development costs (organic F&D costs)
Equals the sum of unproved property acquisition costs, exploration costs and development costs incurred.
Organic F&D costs per unit
Equals organic F&D costs divided by the sum of (a) reserves added from extensions and discoveries and (b) revisions of previous estimates.
Organic reserve replacement percentage
Equals the sum of (a) reserves added from extensions and discoveries and (b) revisions of previous estimates, divided by production.
Reserve life index or R/P ratio
Equals the end-of-year reserve quantities divided by the current year’s production.
Companies in the project and web addresses Anadarko Petroleum www.anadarko.com Apache Corp. www.apachecorp.com Chesapeake Energy www.chk.com Continental Resources www.contres.com Devon Energy www.devonenergy.com EOG Resources www.eogresources.com Southwestern Energy www.swn.com

Successful Efforts
Successful Efforts
1. Which accounting method for oil and gas properties is followed by each of the following companies?
Full-Cost
Full-Cost Anadarko
Successful Efforts
Successful Efforts Southwestern Continental

Apache Corp
Apache Corp
2. Which of the seven companies spent the most in the year 2012 for organic F&D costs? 12.58
12.58
What was the amount spent by this company (stated in billions of dollars)? Billions of dollars
Devon, 2,963,000 MBoe
Devon, 2,963,000 MBoe
3. Including all products (i.e., oil, bitumen, gas, NGLs), which of the seven companies had the most combined proved reserves as the end of 2012? 17,778,000

17,778,000

Stated in MMcfe’s, what were this company’s total proved reserves at the end of 2012?…...

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