“Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Eagle Rock Operating Company,LLC, Valuation and Financial Data 8
Eagle Rock Operating Company,LLC, Share Price Performance 8
Share Price Performance, Q1, 2014-Q1, 2015 8
Eagle Rock Operating Company,LLC, Key Valuation Metrics 9
Key Valuation Metrics, Q1, 2014-Q1, 2015 9
Eagle Rock Operating Company,LLC, Quarterly Results of Oil & Gas Operations Per boe Produced 10
Results of Oil & Gas Operations Per boe Produced, Q1, 2014-Q1, 2015 10
Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2014-Q1, 2015 11
Eagle Rock Operating Company,LLC, Quarterly E&P Costs Trends 12
Upstream Capital Expenditure, Q1, 2014-Q1, 2015 12
Eagle Rock Operating Company,LLC, Quarterly Production Trends 13
Eagle Rock Operating Company,LLC, Total Oil and Gas Production 13
Total Crude Oil and Natural Gas Production Trend, Q1, 2014-Q1, 2015 13
Total Crude Oil & Natural Gas Production, By Country/Region, Q1, 2014-Q1, 2015 14
Eagle Rock Operating Company,LLC, Crude Oil Production 15
Total Crude Oil Production Trend, Q1, 2014-Q1, 2015 15
Crude Oil Production, By Country/Region, Q1, 2014-Q1, 2015 16
Eagle Rock Operating Company,LLC, Natural Gas Production 17
Total Natural Gas Production Trend, Q1, 2014-Q1, 2015 17
Natural Gas Production, By Country/Region, Q1, 2014-Q1, 2015 18
Eagle Rock Operating Company,LLC, Valuation and Financial Data, 2010-2014 19
Eagle Rock Operating Company,LLC, Share Price Performance, 2010-2014 19
Share Price Performance, 2010-2014 19
Key Valuation Metrics, 2010-2014 20
Eagle Rock Operating Company,LLC, Production and Reserves Trends 21
Total Oil and Gas, Reserves and Production 21
Total Crude Oil and Natural Gas Production and Reserves Trend, 2010-2014 21
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2010-2014 23
Total Crude Oil and Natural Gas Reserve Changes, 2010-2014 25
Crude Oil/Liquids Production and Reserve 26
Crude Oil/Liquids Production and Reserve Trend, 2010-2014 26
Crude Oil Production and Reserves By Country/Region, 2010-2014 27
Crude Oil/Liquids Reserve Changes, 2010-2014 29
Natural Gas Production and Reserve 30
Natural Gas Production and Reserve Trend, 2010-2014 30
Natural Gas Production and Reserves, By Country/Region, 2010-2014 31
Natural Gas Reserve Changes, 2010-2014 33
Total Crude Oil and Natural Gas Reserves Life Index 34
Total Crude Oil and Natural Gas Reserves Life Index, 2010-2014 34
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2010-2014 35
Eagle Rock Operating Company,LLC, E&P Costs Trends 37
Allocation of the Upstream Capital Expenditure 37
Upstream Capital Expenditure, 2010-2014 37
Acquisition Costs By Country/Region, 2010-2014 38
Exploration and Development Costs, By Country/Region, 2010-2014 40
Oil and Gas Cost Per boe, US$/boe 41
Oil and Gas Cost Per boe, US$/boe, 2010-2014 41
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2010-2014 43
Eagle Rock Operating Company,LLC, Reserve Replacement Ratio 45
Oil and Gas Production Replacement Ratio 45
Oil and Gas Production Replacement Ratio, 2010-2014 45
Oil and Gas Production Replacement Ratio, By Country/Region, 2010-2014 47
Eagle Rock Operating Company,LLC, Results of Oil & Gas Operations Trend 51
Oil and Gas Revenue and Expenses 51
Oil and Gas Revenue and Expenses, 2010-2014 51
Oil and Gas Revenue and Expenses, By Country/Region, 2010-2014 52
Oil and Gas Revenue and Expenses, Per boe 56
Oil and Gas Revenue and Expenses, By boe, 2010-2014 56
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2010-2014 57
Oil and Gas Performance Metrics 60
Eagle Rock Operating Company,LLC, Land Holdings and Well Data 61
Developed and Undeveloped Acreage 61
Gross and Net Developed and Undeveloped Acreage, 2010-2014 61
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2010-2014 62
Well Statistics 65
Producible Oil and Gas Well, 2010-2014 65
Producible Oil and Gas Well, By Country/Region, 2010-2014 66
Exploration and Development Wells Drilled, 2010-2014 70
Exploration and Development Wells Drilled, By Country/Region, 2010-2014 71
Appendix 72
Methodology 72
Coverage 72
Secondary Research 72
Primary Research 72
Data Information Sources 73
Company Source 73
SEC/Other Regulatory Filings 73
Other Sources 73
Expert Panel Validation 73
Data Definition 73
Oil and Gas Reserves 73
Units of Measure 74
About GlobalData 74
Disclosure 74
Disclaimer 74″
“List of Tables
Table 1: Eagle Rock Operating Company,LLC, Share Price Performance, Q1, 2014-Q1, 2015 8
Table 2: Eagle Rock Operating Company,LLC, Key Valuation Metrics, Q1, 2014-Q1, 2015 9
Table 3: Eagle Rock Operating Company,LLC, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 10
Table 4: Eagle Rock Operating Company,LLC, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2014-Q1, 2015 11
Table 5: Eagle Rock Operating Company,LLC, Upstream Capital Expenditure, Q1, 2014-Q1, 2015 12
Table 6: Eagle Rock Operating Company,LLC, Total Crude Oil and Natural Gas, Production, Q1, 2014-Q1, 2015 13
Table 7: Eagle Rock Operating Company,LLC, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2014-Q1, 2015 14
Table 8: Eagle Rock Operating Company,LLC, Total Crude Oil Production, mmbbl, Q1, 2014-Q1, 2015 15
Table 9: Eagle Rock Operating Company,LLC, Crude Oil Production, By Country/Region, mmbbl, Q1, 2014-Q1, 2015 16
Table 10: Eagle Rock Operating Company,LLC, Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 17
Table 11: Eagle Rock Operating Company,LLC, Natural Gas Production, By Country/Region, bcf, Q1, 2014-Q1, 2015 18
Table 12: Eagle Rock Operating Company,LLC, Share Price Performance, 2010-2014 19
Table 13: Eagle Rock Operating Company,LLC, Key Valuation Metrics, 2010-2014 20
Table 14: Eagle Rock Operating Company,LLC, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 22
Table 15: Eagle Rock Operating Company,LLC, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2010-2014 24
Table 16: Eagle Rock Operating Company,LLC, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2010-2014 25
Table 17: Eagle Rock Operating Company,LLC, Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 26
Table 18: Eagle Rock Operating Company,LLC, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2010-2014 28
Table 19: Eagle Rock Operating Company,LLC, Crude Oil Reserve Changes, mmbbl, 2010-2014 29
Table 20: Eagle Rock Operating Company,LLC, Natural Gas Production and Reserves Metrics, bcf, 2010-2014 30
Table 21: Eagle Rock Operating Company,LLC, Natural Gas Production and Reserves, By Country/Region, bcf, 2010-2014 32
Table 22: Eagle Rock Operating Company,LLC, Natural Gas Reserve Changes, bcf, 2010-2014 33
Table 23: Eagle Rock Operating Company,LLC, Oil and Gas Reserves Life Index, Years, 2010-2014 34
Table 24: Eagle Rock Operating Company,LLC, Oil and Gas Reserves Life Index, By Country/Region, Years, 2010-2014 36
Table 25: Eagle Rock Operating Company,LLC, Upstream Capital Expenditure, US$ mil, 2010-2014 37
Table 26: Eagle Rock Operating Company,LLC, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 39
Table 27: Eagle Rock Operating Company,LLC, Exploration and Development Costs, By Country/Region, US$ mil, 2010-2014 40
Table 28: Eagle Rock Operating Company,LLC, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 42
Table 29: Eagle Rock Operating Company,LLC, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2010-2014 44
Table 30: Eagle Rock Operating Company,LLC, Oil and Gas Production Replacement Ratio, %, 2010-2014 45
Table 31: Eagle Rock Operating Company,LLC, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2010-2014 50
Table 32: Eagle Rock Operating Company,LLC, Revenue and Expenses, US$ mil, 2010-2014 51
Table 33: Eagle Rock Operating Company,LLC, Revenue and Expenses, By Country/Region, US$ mil, 2010-2014 55
Table 34: Eagle Rock Operating Company,LLC, Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 56
Table 35: Eagle Rock Operating Company,LLC, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2010-2014 59
Table 36: Eagle Rock Operating Company,LLC, Oil and Gas Performance Metrics, 2010-2014 60
Table 37: Eagle Rock Operating Company,LLC, Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 61
Table 38: Eagle Rock Operating Company,LLC, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2010-2014 64
Table 39: Eagle Rock Operating Company,LLC, Producible Oil and Gas Wells, 2010-2014 65
Table 40: Eagle Rock Operating Company,LLC, Producible Oil and Gas Wells, By Country/Region, 2010-2014 69
Table 41: Eagle Rock Operating Company,LLC, Exploratory and Developed Wells, 2010-2014 70
Table 42: Eagle Rock Operating Company,LLC, Exploratory and Developed Wells, By Country/Region, 2010-2014 71″
“List of Figures
Figure 1: Eagle Rock Operating Company,LLC, Share Price Performance, USD/Share, Q1, 2014-Q1, 2015 8
Figure 2: Eagle Rock Operating Company,LLC, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q1, 2014-Q1, 2015 9
Figure 3: Eagle Rock Operating Company,LLC, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2014-Q1, 2015 10
Figure 4: Eagle Rock Operating Company,LLC, Upstream Capital Expenditure, US$ mil, Q1, 2014-Q1, 2015 12
Figure 5: Eagle Rock Operating Company,LLC, Total Crude Oil and Natural Gas, Production, mmboe, Q1, 2014-Q1, 2015 13
Figure 6: Eagle Rock Operating Company,LLC, Total Oil & Gas Production, By Country/Region, mmboe, Q1, 2014-Q1, 2015 14
Figure 7: Eagle Rock Operating Company,LLC, Total Crude Oil Production, mmbbl, Q1, 2014-Q1, 2015 15
Figure 8: Eagle Rock Operating Company,LLC, Crude Oil Production, By Country/Region, mmbbl, Q1, 2014-Q1, 2015 16
Figure 9: Eagle Rock Operating Company,LLC, Total Natural Gas Production, bcf, Q1, 2014-Q1, 2015 17
Figure 10: Eagle Rock Operating Company,LLC, Natural Gas Production, By Country/Region, bcf, Q1, 2014-Q1, 2015 18
Figure 11: Eagle Rock Operating Company,LLC, Share Price Performance, USD/Share, 2010-2014 19
Figure 12: Eagle Rock Operating Company,LLC, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2010-2014 20
Figure 13: Eagle Rock Operating Company,LLC, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2010-2014 21
Figure 14: Eagle Rock Operating Company,LLC, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2010-2014 23
Figure 15: Eagle Rock Operating Company,LLC, Total Oil & Gas Production, By Country/Region, mmboe, 2010-2014 23
Figure 16: Eagle Rock Operating Company,LLC, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2014 25
Figure 17: Eagle Rock Operating Company,LLC, Crude Oil Production and Reserves Metrics, mmbbl, 2010-2014 26
Figure 18: Eagle Rock Operating Company,LLC, Oil Reserves, End of Period, By Country/Region, mmbbl, 2010-2014 27
Figure 19: Eagle Rock Operating Company,LLC, Oil Production, By Country/Region, mmbbl, 2010-2014 27
Figure 20: Eagle Rock Operating Company,LLC, Crude Oil Reserve Changes, mmbbl, 2014 29
Figure 21: Eagle Rock Operating Company,LLC, Natural Gas Production and Reserves Metrics, bcf, 2010-2014 30
Figure 22: Eagle Rock Operating Company,LLC, Gas Reserves, End of Period, By Country/Region, bcf, 2010-2014 31
Figure 23: Eagle Rock Operating Company,LLC, Gas Production, By Country/Region, bcf, 2010-2014 31
Figure 24: Eagle Rock Operating Company,LLC, Natural Gas Reserve Changes, bcf, 2014 33
Figure 25: Eagle Rock Operating Company,LLC, Oil and Gas Reserves Life Index, Years, 2010-2014 34
Figure 26: Eagle Rock Operating Company,LLC, Gas Reserve Life Index, By Country/Region, Years, 2010-2014 35
Figure 27: Eagle Rock Operating Company,LLC, Oil & Gas Reserve Life Index, By Country/Region, Years, 2010-2014 35
Figure 28: Eagle Rock Operating Company,LLC, Oil Reserve Life Index, By Country/Region, Years, 2010-2014 36
Figure 29: Eagle Rock Operating Company,LLC, Upstream Capital Expenditure, US$ mil, 2010-2014 37
Figure 30: Eagle Rock Operating Company,LLC, Proved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 38
Figure 31: Eagle Rock Operating Company,LLC, Unproved Acquisition Costs, By Country/Region, US$ mil, 2010-2014 38
Figure 32: Eagle Rock Operating Company,LLC, Development Costs, By Country/Region, US$ mil, 2010-2014 40
Figure 33: Eagle Rock Operating Company,LLC, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2010-2014 41
Figure 34: Eagle Rock Operating Company,LLC, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 43
Figure 35: Eagle Rock Operating Company,LLC, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 43
Figure 36: Eagle Rock Operating Company,LLC, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2010-2014 44
Figure 37: Eagle Rock Operating Company,LLC, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2010-2014 45
Figure 38: Eagle Rock Operating Company,LLC, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2010-2014 47
Figure 39: Eagle Rock Operating Company,LLC, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2010-2014 47
Figure 40: Eagle Rock Operating Company,LLC, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2010-2014 48
Figure 41: Eagle Rock Operating Company,LLC, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2010-2014 48
Figure 42: Eagle Rock Operating Company,LLC, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2010-2014 49
Figure 43: Eagle Rock Operating Company,LLC, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2010-2014 49
Figure 44: Eagle Rock Operating Company,LLC, Revenue and Expenses, US$ mil, 2010-2014 51
Figure 45: Eagle Rock Operating Company,LLC, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 52
Figure 46: Eagle Rock Operating Company,LLC, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 52
Figure 47: Eagle Rock Operating Company,LLC, Oil & Gas Revenue, By Country/Region, US$ mil, 2010-2014 53
Figure 48: Eagle Rock Operating Company,LLC, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 53
Figure 49: Eagle Rock Operating Company,LLC, Production Costs, By Country/Region, US$ mil, 2010-2014 54
Figure 50: Eagle Rock Operating Company,LLC, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2010-2014 54
Figure 51: Eagle Rock Operating Company,LLC, Oil and Gas Revenue and Expenses, US$/boe, 2010-2014 56
Figure 52: Eagle Rock Operating Company,LLC, Lifting Cost per boe, By Country/Region, US$/boe, 2010-2014 57
Figure 53: Eagle Rock Operating Company,LLC, Annual Net Income per boe, By Country/Region, US$/boe, 2010-2014 57
Figure 54: Eagle Rock Operating Company,LLC, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2010-2014 58
Figure 55: Eagle Rock Operating Company,LLC, Total DD&A per boe, By Country/Region, US$/boe, 2010-2014 58
Figure 56: Eagle Rock Operating Company,LLC, Total Revenue per boe, By Country/Region, US$/boe, 2010-2014 59
Figure 57: Eagle Rock Operating Company,LLC, Oil and Gas Performance Metrics, 2010-2014 60
Figure 58: Eagle Rock Operating Company,LLC, Land Holdings (Developed and Undeveloped Acreage), Acres, 2010-2014 61
Figure 59: Eagle Rock Operating Company,LLC, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2010-2014 62
Figure 60: Eagle Rock Operating Company,LLC, Total Net Undeveloped Acreage, By Country/Region, Acres, 2010-2014 62
Figure 61: Eagle Rock Operating Company,LLC, Total Gross Developed Acreage, By Country/Region, Acres, 2010-2014 63
Figure 62: Eagle Rock Operating Company,LLC, Total Net Developed Acreage, By Country/Region, Acres, 2010-2014 63
Figure 63: Eagle Rock Operating Company,LLC, Producible Oil and Gas Wells, 2010-2014 65
Figure 64: Eagle Rock Operating Company,LLC, Gross Productive Gas Wells, By Country/Region, Number, 2010-2014 66
Figure 65: Eagle Rock Operating Company,LLC, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 66
Figure 66: Eagle Rock Operating Company,LLC, Gross Productive Oil Wells, By Country/Region, Number, 2010-2014 67
Figure 67: Eagle Rock Operating Company,LLC, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2010-2014 67
Figure 68: Eagle Rock Operating Company,LLC, Net Productive Gas Wells, By Country/Region, Number, 2010-2014 68
Figure 69: Eagle Rock Operating Company,LLC, Net Productive Oil & Gas Wells, By Country/Region, Number, 2010-2014 68
Figure 70: Eagle Rock Operating Company,LLC, Net Productive Oil Wells, By Country/Region, Number, 2010-2014 69
Figure 71: Eagle Rock Operating Company,LLC, Exploratory and Developed Wells, 2010-2014 70″