Venoco, Inc. Oil & Gas Exploration and Production Operations and Cost Analysis – Q4, 2011 by GlobalData

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									        Venoco, Inc. Oil & Gas Exploration and Production Operations and Cost
                                 Analysis – Q4, 2011
        Reference Code: GDGE30218OAR                                                                                    Publication Date: APR 2012

        Company Snapshot                                                               Company Overview
        Key Information                                                                Venoco, Inc. (Venoco) is an independent energy company.
                                                                                       Venoco engages in the acquisition, exploration, exploitation
         Venoco, Inc., Key Facts                                                       and development of oil and natural gas properties. The
          Web Address                          www.venocoinc.com                       company focuses on producing properties located on both
          Financial year-end                   December                                onshore and offshore Southern California and onshore in
          Number of Employees                  365                                     California's Sacramento Basin. The company also engages in
                                                                                       exploration and development project, which targets on the
          NYSE                                 VQ
                                                                                       onshore Monterey shale formation in Southern California.
          Source: GlobalData


         Key Ratios
           Venoco, Inc., Key Ratios                                                       Venoco, Inc., Reserves and Production, 2007-2011
           P/E                                                              10.86
           EV/EBITDA                                                         9.20
           Return on Equity (%)                                             85.30
           Debt/Equity                                                     940.70
           Operating       profit   margin                                  26.20
           (%)
           Dividend Yield                                                     0.0
           Note: Above ratios are based on share price as of 11-Apr-2012                  Source: GlobalData

           Source: GlobalData



           Venoco, Inc., Share Price Performance, USD/Share,                             Venoco, Inc., Key Valuation Metrics, EV/Production
           Q4, 2010-Q4, 2011                                                             ($/boed), EV/Proved Reserve ($/boe), Q4, 2010-Q4,
                                                                                         2011




           Source: GlobalData
                                                                                         Source: GlobalData



                 Venoco, Inc., Key Costs Per boe, $/boe, 2011                            Venoco, Inc., Costs Incurred By Type, $m, 2007-2011
          Parameter                                                          2011
          Oil & Gas Finding &                                                14.31
          Development Cost/boe, Annual
          Oil & Gas Finding Cost per boe,                                     9.15
          Annual
          Proved Reserves Acquisition                                        24.54
          Cost per boe, Annual
          Reserve Replacement Cost per                                       14.35
          boe, Annual
         Source: GlobalData                                                              Source: GlobalData




Venoco, Inc. Operations & Cost Analysis                                                                                     Reference Code: GDGE30218OAR
For Data Definitions Refer to the Appendix
Source: www.energyetrack.com                                                                                                                          Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 5
       Venoco, Inc., Valuation and Financial Data ........................................................................................................................................ 7
          Venoco, Inc., Share Price Performance .......................................................................................................................................... 7
             Share Price Performance, Q4, 2010-Q4, 2011 ........................................................................................................................... 7
          Venoco, Inc., Key Valuation Metrics ............................................................................................................................................... 8
             Key Valuation Metrics, Q4, 2010-Q4, 2011 ................................................................................................................................. 8
          Venoco, Inc., Quarterly Results of Oil & Gas Operations Per boe Produced .................................................................................. 9
             Results of Oil & Gas Operations Per boe Produced, Q4, 2010-Q4, 2011 ................................................................................... 9
             Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2010-Q4, 2011........................................................................... 10
          Venoco, Inc., Quarterly E&P Costs Trends ................................................................................................................................... 11
             Upstream Capital Expenditure, Q4, 2010-Q4, 2011 .................................................................................................................. 11
       Venoco, Inc., Quarterly Production Trends....................................................................................................................................... 12
          Venoco, Inc., Total Oil and Gas Production .................................................................................................................................. 12
             Total Crude Oil and Natural Gas Production Trend, Q4, 2010-Q4, 2011 .................................................................................. 12
             Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2010-Q4, 2011 ................................................................ 13
          Venoco, Inc., Crude Oil Production ............................................................................................................................................... 14
             Total Crude Oil Production Trend, Q4, 2010-Q4, 2011 ............................................................................................................. 14
             Crude Oil Production, By Country/Region, Q4, 2010-Q4, 2011 ................................................................................................ 15
          Venoco, Inc., Natural Gas Production ........................................................................................................................................... 16
             Total Natural Gas Production Trend, Q4, 2010-Q4, 2011 ......................................................................................................... 16
             Natural Gas Production, By Country/Region, Q4, 2010-Q4, 2011 ............................................................................................ 17
       Venoco, Inc., Valuation and Financial Data, 2007-2011 ................................................................................................................... 18
          Venoco, Inc., Share Price Performance, 2007-2011..................................................................................................................... 18
             Share Price Performance, 2007-2011 ....................................................................................................................................... 18
             Key Valuation Metrics, 2007-2011 ............................................................................................................................................ 19
       Venoco, Inc., Production and Reserves Trends ............................................................................................................................... 20
          Total Oil and Gas, Reserves and Production ................................................................................................................................ 20
             Total Crude Oil and Natural Gas Production and Reserves Trend, 2007-2011......................................................................... 20
             Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2007-2011........................................................ 22
             Total Crude Oil and Natural Gas Reserve Changes, 2007-2011 .............................................................................................. 24
          Crude Oil/Liquids Production and Reserve ................................................................................................................................... 25
             Crude Oil/Liquids Production and Reserve Trend, 2007-2011 .................................................................................................. 25
             Crude Oil Production and Reserves By Country/Region, 2007-2011 ........................................................................................ 26
             Crude Oil/Liquids Reserve Changes, 2007-2011 ...................................................................................................................... 28
          Natural Gas Production and Reserve ........................................................................................................................................... 29
             Natural Gas Production and Reserve Trend, 2007-2011 .......................................................................................................... 29
             Natural Gas Production and Reserves, By Country/Region, 2007-2011 ................................................................................... 30
             Natural Gas Reserve Changes, 2007-2011 .............................................................................................................................. 32
          Total Crude Oil and Natural Gas Reserves Life Index .................................................................................................................. 33
             Total Crude Oil and Natural Gas Reserves Life Index, 2007-2011 ........................................................................................... 33
             Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2007-2011 ........................................................... 34
       Venoco, Inc., E&P Costs Trends ...................................................................................................................................................... 36
          Allocation of the Upstream Capital Expenditure............................................................................................................................ 36
             Upstream Capital Expenditure, 2007-2011 ............................................................................................................................... 36

Venoco, Inc. Operations & Cost Analysis                                                                                                                               Reference Code: GDGE30218OAR
For Data Definitions Refer to the Appendix
Source: www.energyetrack.com                                                                                                                                                                                    Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
             Acquisition Costs By Country/Region, 2007-2011..................................................................................................................... 37
             Exploration and Development Costs, By Country/Region, 2007-2011 ...................................................................................... 39
          Oil and Gas Cost Per boe, $/boe .................................................................................................................................................. 41
             Oil and Gas
								
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