Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 4
Blue Dolphin Energy Company, Valuation and Financial Data, 2007-2011 7
Blue Dolphin Energy Company, Share Price Performance, 2007-2011 7
Share Price Performance, 2007-2011 7
Key Valuation Metrics, 2007-2011 8
Blue Dolphin Energy Company, Production and Reserves Trends 9
Total Oil and Gas, Reserves and Production 9
Total Crude Oil and Natural Gas Production and Reserves Trend, 2007-2011 9
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2007-2011 11
Total Crude Oil and Natural Gas Reserve Changes, 2007-2011 13
Crude Oil/Liquids Production and Reserve 14
Crude Oil/Liquids Production and Reserve Trend, 2007-2011 14
Crude Oil Production and Reserves By Country/Region, 2007-2011 15
Crude Oil/Liquids Reserve Changes, 2007-2011 16
Natural Gas Production and Reserve 17
Natural Gas Production and Reserve Trend, 2007-2011 17
Natural Gas Production and Reserves, By Country/Region, 2007-2011 18
Natural Gas Reserve Changes, 2007-2011 20
Total Crude Oil and Natural Gas Reserves Life Index 21
Total Crude Oil and Natural Gas Reserves Life Index, 2007-2011 21
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2007-2011 22
Blue Dolphin Energy Company, E&P Costs Trends 24
Allocation of the Upstream Capital Expenditure 24
Upstream Capital Expenditure, 2007-2011 24
Acquisition Costs By Country/Region, 2007-2011 25
Exploration and Development Costs, By Country/Region, 2007-2011 26
Oil and Gas Cost Per boe, $/boe 27
Oil and Gas Cost Per boe, $/boe, 2007-2011 27
Oil and Gas Cost Per boe, $/boe, By Country/Region, 2007-2011 29
Blue Dolphin Energy Company, Reserve Replacement Ratio 31
Oil and Gas Production Replacement Ratio 31
Oil and Gas Production Replacement Ratio, 2007-2011 31
Oil and Gas Production Replacement Ratio, By Country/Region, 2007-2011 33
Blue Dolphin Energy Company, Results of Oil & Gas Operations Trend 37
Oil and Gas Revenue and Expenses 37
Oil and Gas Revenue and Expenses, 2007-2011 37
Oil and Gas Revenue and Expenses, By Country/Region, 2007-2011 38
Oil and Gas Revenue and Expenses, Per boe 43
Oil and Gas Revenue and Expenses, By boe, 2007-2011 43
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2007-2011 44
Oil and Gas Performance Metrics 48
Blue Dolphin Energy Company, Land Holdings and Well Data 49
Developed and Undeveloped Acreage 49
Gross and Net Developed and Undeveloped Acreage, 2007-2011 49
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2007-2011 50
Well Statistics 53
Producible Oil and Gas Well, 2007-2011 53
Producible Oil and Gas Well, By Country/Region, 2007-2011 54
Recent Developments 58
Blue Dolphin Energy Company - Recent Developments 58
May 25, 2012: Blue Dolphin Energy Provides Nixon Facility Operational Update 58
May 25, 2012: Blue Dolphin Energy Reports Revenue Of $46m In Q1 2012 58
Apr 04, 2012: Blue Dolphin Energy Reports Revenue Of $2.3m In 2011 59
Mar 01, 2012: Blue Dolphin Energy Announces Management Changes 59
Feb 27, 2012: Blue Dolphin Energy To Commence Trading On OTCQX Tier 59
Jan 05, 2012: Blue Dolphin Energy Provides Update On Nixon Refinery 59
Jan 05, 2012: Blue Dolphin Energy Appoints Thomas McReynolds As CFO 60
Nov 15, 2011: Blue Dolphin Energy Reports Q3 2011 Results 60
Aug 16, 2011: Blue Dolphin Energy Reports Q2 2011 Results 60
Apr 05, 2011: Blue Dolphin Energy Reports Revenue Of $2.7m In 2010 61
Appendix 62
Methodology 62
Coverage 62
Secondary Research 62
Primary Research 62
Data Information Sources 63
Company Source 63
SEC/Other Regulatory Filings 63
Other Sources 63
Expert Panel Validation 63
Data Definition 63
Oil and Gas Reserves 63
Units of Measure 64
About GlobalData 64
Disclosure 64
Disclaimer 64
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.
List of Tables
Table 1: Blue Dolphin Energy Company, Share Price Performance, 2007-2011 7
Table 2: Blue Dolphin Energy Company, Key Valuation Metrics, 2007-2011 8
Table 3: Blue Dolphin Energy Company, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2007-2011 9
Table 4: Blue Dolphin Energy Company, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2007-2011 12
Table 5: Blue Dolphin Energy Company, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2007-2011 13
Table 6: Blue Dolphin Energy Company, Crude Oil Production and Reserves Metrics, MMbbl, 2007-2011 14
Table 7: Blue Dolphin Energy Company, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2007-2011 15
Table 8: Blue Dolphin Energy Company, Crude Oil Reserve Changes, MMbbl, 2007-2011 16
Table 9: Blue Dolphin Energy Company, Natural Gas Production and Reserves Metrics, Bcf, 2007-2011 17
Table 10: Blue Dolphin Energy Company, Natural Gas Production and Reserves, By Country/Region, Bcf, 2007-2011 19
Table 11: Blue Dolphin Energy Company, Natural Gas Reserve Changes, Bcf, 2007-2011 20
Table 12: Blue Dolphin Energy Company, Oil and Gas Reserves Life Index, Years, 2007-2011 21
Table 13: Blue Dolphin Energy Company, Oil and Gas Reserves Life Index, By Country/Region, Years, 2007-2011 23
Table 14: Blue Dolphin Energy Company, Upstream Capital Expenditure, $m, 2007-2011 24
Table 15: Blue Dolphin Energy Company, Proved and Unproved Acquisition Costs, By Country/Region, $m, 2007-2011 25
Table 16: Blue Dolphin Energy Company, Exploration and Development Costs, By Country/Region, $m, 2007-2011 26
Table 17: Blue Dolphin Energy Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2007-2011 27
Table 18: Blue Dolphin Energy Company, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2007-2011 30
Table 19: Blue Dolphin Energy Company, Oil and Gas Production Replacement Ratio, %, 2007-2011 31
Table 20: Blue Dolphin Energy Company, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2007-2011 36
Table 21: Blue Dolphin Energy Company, Revenue and Expenses, $m, 2007-2011 37
Table 22: Blue Dolphin Energy Company, Revenue and Expenses, By Country/Region, $m, 2007-2011 41
Table 23: Blue Dolphin Energy Company, Oil and Gas Revenue and Expenses, $/boe, 2007-2011 43
Table 24: Blue Dolphin Energy Company, Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2007-2011 47
Table 25: Blue Dolphin Energy Company, Oil and Gas Performance Metrics, 2007-2011 48
Table 26: Blue Dolphin Energy Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2007-2011 49
Table 27: Blue Dolphin Energy Company, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2007-2011 52
Table 28: Blue Dolphin Energy Company, Producible Oil and Gas Wells, 2007-2011 53
Table 29: Blue Dolphin Energy Company, Producible Oil and Gas Wells, By Country/Region, 2007-2011 57
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.
List of Figures
Figure 1: Blue Dolphin Energy Company, Share Price Performance, USD/Share, 2007-2011 7
Figure 2: Blue Dolphin Energy Company, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), 2007-2011 8
Figure 3: Blue Dolphin Energy Company, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2007-2011 9
Figure 4: Blue Dolphin Energy Company, Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2007-2011 11
Figure 5: Blue Dolphin Energy Company, Total Oil & Gas Production, By Country/Region, MMboe, 2007-2011 11
Figure 6: Blue Dolphin Energy Company, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2011 13
Figure 7: Blue Dolphin Energy Company, Crude Oil Production and Reserves Metrics, MMbbl, 2007-2011 14
Figure 8: Blue Dolphin Energy Company, Crude Oil Reserve Changes, MMbbl, 2011 16
Figure 9: Blue Dolphin Energy Company, Natural Gas Production and Reserves Metrics, Bcf, 2007-2011 17
Figure 10: Blue Dolphin Energy Company, Gas Reserves, End of Period, By Country/Region, Bcf, 2007-2011 18
Figure 11: Blue Dolphin Energy Company, Gas Production, By Country/Region, Bcf, 2007-2011 18
Figure 12: Blue Dolphin Energy Company, Natural Gas Reserve Changes, Bcf, 2011 20
Figure 13: Blue Dolphin Energy Company, Oil and Gas Reserves Life Index, Years, 2007-2011 21
Figure 14: Blue Dolphin Energy Company, Gas Reserve Life Index, By Country/Region, Years, 2007-2011 22
Figure 15: Blue Dolphin Energy Company, Oil & Gas Reserve Life Index, By Country/Region, Years, 2007-2011 22
Figure 16: Blue Dolphin Energy Company, Oil Reserve Life Index, By Country/Region, Years, 2007-2011 23
Figure 17: Blue Dolphin Energy Company, Upstream Capital Expenditure, $m, 2007-2011 24
Figure 18: Blue Dolphin Energy Company, Exploration Costs, By Country/Region, $m, 2007-2011 26
Figure 19: Blue Dolphin Energy Company, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2007-2011 27
Figure 20: Blue Dolphin Energy Company, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, $/boe, 2007-2011 29
Figure 21: Blue Dolphin Energy Company, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, $/boe, 2007-2011 29
Figure 22: Blue Dolphin Energy Company, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, $/boe, 2007-2011 30
Figure 23: Blue Dolphin Energy Company, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2007-2011 31
Figure 24: Blue Dolphin Energy Company, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2007-2011 33
Figure 25: Blue Dolphin Energy Company, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2007-2011 33
Figure 26: Blue Dolphin Energy Company, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2007-2011 34
Figure 27: Blue Dolphin Energy Company, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2007-2011 34
Figure 28: Blue Dolphin Energy Company, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2007-2011 35
Figure 29: Blue Dolphin Energy Company, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2007-2011 35
Figure 30: Blue Dolphin Energy Company, Revenue and Expenses, $m, 2007-2011 37
Figure 31: Blue Dolphin Energy Company, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 38
Figure 32: Blue Dolphin Energy Company, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 38
Figure 33: Blue Dolphin Energy Company, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 39
Figure 34: Blue Dolphin Energy Company, Oil & Gas Revenue, By Country/Region, $m, 2007-2011 39
Figure 35: Blue Dolphin Energy Company, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 40
Figure 36: Blue Dolphin Energy Company, Production Costs, By Country/Region, $m, 2007-2011 40
Figure 37: Blue Dolphin Energy Company, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, $m, 2007-2011 41
Figure 38: Blue Dolphin Energy Company, Oil and Gas Revenue and Expenses, $/boe, 2007-2011 43
Figure 39: Blue Dolphin Energy Company, Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2007-2011 44
Figure 40: Blue Dolphin Energy Company, Lifting Cost per boe, By Country/Region, $/boe, 2007-2011 44
Figure 41: Blue Dolphin Energy Company, Annual Net Income per boe, By Country/Region, $/boe, 2007-2011 45
Figure 42: Blue Dolphin Energy Company, Oil & Gas Revenue per boe, By Country/Region, $/boe, 2007-2011 45
Figure 43: Blue Dolphin Energy Company, Total DD&A per boe, By Country/Region, $/boe, 2007-2011 46
Figure 44: Blue Dolphin Energy Company, Total Revenue per boe, By Country/Region, $/boe, 2007-2011 46
Figure 45: Blue Dolphin Energy Company, Oil and Gas Performance Metrics, 2007-2011 48
Figure 46: Blue Dolphin Energy Company, Land Holdings (Developed and Undeveloped Acreage), Acres, 2007-2011 49
Figure 47: Blue Dolphin Energy Company, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2007-2011 50
Figure 48: Blue Dolphin Energy Company, Total Net Undeveloped Acreage, By Country/Region, Acres, 2007-2011 50
Figure 49: Blue Dolphin Energy Company, Total Gross Developed Acreage, By Country/Region, Acres, 2007-2011 51
Figure 50: Blue Dolphin Energy Company, Total Net Developed Acreage, By Country/Region, Acres, 2007-2011 51
Figure 51: Blue Dolphin Energy Company, Producible Oil and Gas Wells, 2007-2011 53
Figure 52: Blue Dolphin Energy Company, Gross Productive Gas Wells, By Country/Region, Number, 2007-2011 54
Figure 53: Blue Dolphin Energy Company, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2007-2011 54
Figure 54: Blue Dolphin Energy Company, Gross Productive Oil Wells, By Country/Region, Number, 2007-2011 55
Figure 55: Blue Dolphin Energy Company, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2007-2011 55
Figure 56: Blue Dolphin Energy Company, Net Productive Gas Wells, By Country/Region, Number, 2007-2011 56
Figure 57: Blue Dolphin Energy Company, Net Productive Oil & Gas Wells, By Country/Region, Number, 2007-2011 56
Figure 58: Blue Dolphin Energy Company, Net Productive Oil Wells, By Country/Region, Number, 2007-2011 57
Note: The report is based on the information disclosed by the company in their annual report and regulatory filings. Information that is not disclosed by the company may not be available in the report.