Insight
| |
7 Pages

US unconventional exploration creates value, just not for everyone


US unconventional exploration creates value, just not for everyone

Report summary

Of industry's 33 global exploration leaders, just 17 implement a US unconventional onshore exploration programme.  Combined, these companies' exploration efforts have created a net value of US$15.7 billion.  However, individual companies fair very differently.  Our work shows that only six of the 17 companies actually created any value at all.  Value creation may be elusive, but if companies spend the money then reserves will be added.  And this group of 17 companies has spent a mammoth...

What's included?

This report includes 2 file(s)

  • US unconventional exploration creates value, just not for everyone PDF - 497.63 KB 7 Pages, 0 Tables, 4 Figures
  • US unconventional exploration creates value just not for everyone October 2013.xls XLS - 133.50 KB

Description

This Upstream Oil and Gas Insight report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

  • Executive summary
  • Scope
  • Reserve destruction does not exist, but value destruction does
    • Only Anadarko, ConocoPhillips, Noble, Murphy, Marathon and BG create value
    • Lots of companies create reserves, but only the best generate liquids reserves
  • Few strategies outperform, others provide lessons learned
    • Unproven acreage bundled in acquisitions
    • First movers and fast followers
    • Legacy acreage
    • Peripheral acreage
    • New plays
  • The domestic inequality gap widens as the search goes international

In this report there are 4 tables or charts, including:

  • Executive summary
  • Scope
  • Reserve destruction does not exist, but value destruction does
    • US unconventional value and reserves creation through exploration
    • US unconventional organic lease costs, exploration spend and commercial play development value
    • US unconventional organic liquid and gas reserves creation relative to global discoveries
  • Few strategies outperform, others provide lessons learned
  • The domestic inequality gap widens as the search goes international
    • Plays that companies have commercialised through exploration and the reserves created (mmboe)
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.