Company report
| |
11 Pages

Chesapeake Energy oil and gas exploration summary


Chesapeake Energy oil and gas exploration summary

Report summary

Chesapeake is in the midst of a transformation in strategy, from a company focused on acquiring and holding land, to one intent on delivering value with every well. A petroleum systems-based approach to identifying new opportunities on its vast U.S. Lower 48 acreage is now in effect, led by using enormous amounts of in-house well and seismic data. Over the past decade, the company has accumulated large acreage positions, funded through joint ventures, asset sales, debt accumulation and alternative financing. Despite a heavy focus on farm-outs and divestments, Chesapeake retains a large inventory of proved reserves in some of the most prolific resource plays in North America. Full-cycle returns over the decade were 8%, somewhat dampened by Chesapeake's initial focus on gas plays. The switch to liquids-rich plays, the emphasis on unlocking opportunities on existing acreage and the use of new drilling and completion techniques, all point to a future with healthier value creation.

What's included?

This report includes 2 file(s)

  • Chesapeake Energy oil and gas exploration summary PDF - 1.01 MB 11 Pages, 4 Tables, 14 Figures
  • Chesapeake Energy.xls XLS - 463.00 KB

Description

Affected by supply and demand, the economy of individual countries and technological breakthroughs, oil and gas exploration is an industry in constant motion. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.

This Exploration Summary report quantifies the company's exploration volume and value performance over the past 10 years, and reviews its outlook for future success.

Businesses can use this report to get a detailed analysis of this company, what exploration areas they're involved in, what wells to watch and how well placed they are. It will help you understand company performance and shows how the best explorers have achieved their success.

Wood Mackenzie benchmarks exploration results for over 40 companies. Our analysts provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies. We are the established global industry standard for oil and gas exploration performance.

  • Executive summary
  • Strategy
    • Upstream strategy
    • Exploration outlook
    • Evolution of exploration strategy
  • Investment and costs
  • Reserves and resources
  • Production
  • Valuation
    • Casting a wide net to gain first mover advantage in shale gas
    • Well-timed partnerships and divestments add value

In this report there are 18 tables or charts, including:

  • Executive summary
    • Organic unconventional discoveries 2006-2015
    • Ten year performance summary
  • Strategy
    • SWOT grid
  • Investment and costs
    • Exploration & appraisal spend and reinvestment
    • Exploration & appraisal spend by water depth
    • Exploration & appraisal spend by basin maturity
    • Discovery costs by water depth
  • Reserves and resources
    • Key organic unconventional plays (2006 to 2015)
    • Volumes discovered by year
    • Volumes discovered by water depth
    • Volumes discovered by country
    • Volumes discovered by basin
  • Production
    • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year, including unconventionals
    • Exploration returns by year, including unconventionals
    • Costs and development value by reserve category
    • Exploration returns by water depth
Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

Our 500+ analysts are based in the regions they cover, cultivating an unrivalled depth of understanding to help clients accurately identify new opportunities, define their strategy and improve business performance.

At every stage, our teams readily collaborate and share their insight to provide an integrated perspective across entire industries. It is this unique and rigorous analytical approach that ensures we are recognised as the industry standard by the world’s most innovative organisations.