Bayman Texan Energy Corp.

5-Year Historical Summary

  

Five-Year Historical Summary

Year Ended December 31,2014  2013 2012 2011 2010
FINANCIAL (thousands of Canadian dollars, except per common share or unit amounts)
Petroleum and natural gas sales  1,969,022 1,367,459    1,219,484  1,308,814  1,005,136
Funds from operations(1)  879,790  604,438  532,725  555,483 447,657
   Per share or unit - basic  5.91 4.88 4.44 4.79 4.02
   Per share or unit - diluted  5.91 4.82 4.37 4.67 3.89
Cash dividends or distributions declared(2)  301,118  237,663 215,184  205,960  189,824
   Per share or unit  2.64  2.64 2.64 2.42 2.18
Net income  (132,807) 164,845 258,631 217,432  231,615
   Per share or unit - basic  (0.89) 1.33 2.16 1.88 2.08
   Per share or unit - diluted (0.89)  1.32 2.12 1.83 2.01
Total monetary debt(1)  2,295,980 762,062  599,826  650,581 506,235
           
Operating netback (C$/boe)          
   Sales price  66.54 61.74 55.48 61.26 53.39
   Financial instruments gain (loss) 1.24  0.29 1.46 (0.10)  2.98
   Royalties  (15.35) (12.07) (9.85) (11.59) (10.56)
   Operating expenses  (12.37)  (13.20)  (11.77)  (11.43) (10.62)
   Transportation expenses  (2.93)  (3.85)  (4.22)  (3.46) (2.92)
Operating netback  37.13 32.91 31.10 34.68 32.27
           
Capital expenditures          
   Exploration and development 766,070  550,900 418,625 367,848 231,619
   Acquisitions, net of dispositions  2,545,156 (39,082)  (170,936)  148,774  43,693
Total capital expeditures  3,311,226 511,818 247,689 516,622 275,312
           
OPERATING
Daily production          
   Light oil & NGL (bbl/d)  22,500 8,134 7,360 6,769 6,539
   Heavy oil (bbl/d) 44,948 42,064 39,447 35,252 28,585
   Total oil and NGL(bbl/d) 67,448 50,198  46,807 42,021 35,124
   Natural gas (mmcf/d) 65.2 42.0 43.1 48.7 55.3
   Oil equivalent (boe/d @6:1)(3) 78,321  57,196 53,986 50,132 44,341
Percent oil  86%  88%  87% 84%  79%
           
Proved plus probable reserves          
   Light oil & NGL (mmbbl)  154.1 59.3 48.4 51.9   40.4
   Heavy oil & Bitumen (mmbbl)  209.4 227.4 223.4 179.2 167.4
   Total oil (mmbbl) 363.5 286.7 271.8 231.1 207.8
   Natural gas (bcf)  408.8 188.6  118.6 126.4 127.2
   Oil equivalent (mmboe)(3)  431.6 318.1 291.6 252.2 229.0
           
FD&A costs (proved plus probable, including FDC) (C$/boe)  31.10 18.28 11.51 18.57   13.17
Recycle ratio (proved plus probable, including FDC)  1.8x 1.8x 2.7x 1.9x 2.5x
           
COMMON SHARE OR TRUST UNIT INFORMATION
   TSX          
      Share or Unit price (C$)          
         High 49.88  47.60 59.40 58.76 48.15
         Low  14.56  36.37 38.54 39.18 27.72
         Close  19.32  41.64 42.87 56.97 46.61
      Average daily volume traded  273,743 616,936 611,944 444,945   419,862
   NYSE          
      Share or Unit price (US$)          
         High  46.46  47.47 59.50 61.95 47.82
         Low  12.63 34.75 37.40 36.89 25.64
         Close  16.61 39.16 43.24 55.89  46.82
      Average daily volume traded 33,170  174,343  225,465 148,424 85,272
           
Common shares or units outstanding at December 31 (thousands)  168,107  125,392 121,868 117,893  113,712

 

(1) Funds from operations and total monetary debt are non-GAAP terms. For further explanation refer to the Management's Discussion and Analysis for the year ended December 31, 2014.
(2) Cash dividends or distributions declared are net of DRIP participation.
(3) Barrel of oil equivalent ("boe") amounts have been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil.

  
  

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Operations

Our operations are organized into Canadian Heavy Oil, Canadian Light Oil and Gas and United States business units.

Operations Map

Operations Map
Responsible Development

In addition to shareholders, Bayman Texan Energy has a responsibility to the communities in which we work and do business.

Corporate Responsibility

Understanding
Heavy Oil

Learn more about the
business of heavy oil in our marketing section.


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Understanding Heavy Oil