Top 20 North America Independent Exploration and Production (E&P) Companies: Financial & Operational Fundamental Analysis and Benchmarking-2013

Wednesday 19 June 2013, Amsterdam

The proved oil & gas reserves of Top 20 North America Independent Exploration and Production (E&P) Companies increased at a CAGR of 1.6% from 2008 to 2012, rising to 41,315 mmboe from 38,740 mmboe. Continental Resources Inc reserves recorded a CAGR of 49% during 2008-2012, increasing its proved oil & gas reserves from 159 mmboe to 785 mmboe.     

Report Highlights -

Proved Reserves : Conocophillips with proved Oil & Gas reserves of 8,642 Million Barrels of oil equivalent (mmboe) at the end of 2012 had the largest portfolio of proved oil and gas reserves among the Top 20 North America Independent Exploration and Production (E&P) Companies.

ConocoPhillips was top ranked both in terms of oil reserves of 5,373 million barrels (mmbbl) and gas reserves of 19,614 Billion cubic feet (bcf) among the Top 20 North America Independent Exploration and Production (E&P) Companies.

Oil & Gas Production: ConocoPhillips is the leading oil & gas producer. The company with 578 mmboe productions in 2012 ranks first among the Top 20 North America Independent Exploration and Production (E&P) Companies.

Linn Energy, LLC recorded the highest oil & gas production growth rate in 2012 among the Top 20 North America Independent Exploration and Production (E&P) Companies. The company’s production grew by 33% CAGR during 2008-12. Largest crude oil and natural gas producers in 2012 were ConocoPhillips with 319 mmbbl of oil production and 1,554 bcf of natural gas production.

Upstream Capital Expenditure: Capital expenditure of Top 20 North America Independent E&P companies increased by 8.9% in 2012. Compared to its peers, ConocoPhillips is investing heavily on oil and gas activities. The company invested US$17.82 billion in 2012, the highest among the peer group.

Overall Ranking: Based on the overall operational and financial performance metrics ConocoPhillips scored 70/100 and ranks1st out of the 20 Top North America Independent E&P covered. The Company scored 48..7/70 on operational performance metrics and 21.3/30 on financial performance metrics.