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This docFinder Alert highlights the Top Six (6) US E&P stock winners in 2013 based on US-focused publicly traded E&P companies with market caps greater than $500 million. Using CapIQ data, docFinder and PLS analysis all of the winners - FANG, MTDR, PVA, CRZ, MHR and GDP - are firms entrenched in executing US unconventional plays including the Permian (FANG); Eagle Ford (MTDR, PVA, CRZ); Utica, (MHR); Niobrara, (CRZ) and Tuscaloosa Marine Shale (GDP). With the exception of Magnum Hunter, the 2013 Winners are notably absent from the Bakken which continues to perform well but is largely priced into the Bakken stocks already.
| Company | Ticker | Stock Price 01/01/2013 | Stock Price 12/31/2013 | Market Cap 12/31/2013 | Stock Price % Change |
|---|
| Diamondback Energy |
FANG |
$19.12 |
$52.88 |
$2,489 |
177% |
| Matador Resources |
MTDR |
$8.20
|
$18.64 |
$1,223 |
127% |
| Carrizo Oil & Gas |
CRZO |
$20.92 |
$44.77 |
$2,034 |
114% |
| Penn Virginia Corp. |
PVA |
$4.41 |
$9.43 |
$616 |
114% |
| Magnum Hunter Resources |
MHR |
$3.99 |
$7.31 |
$1,250 |
83% |
| Goodrich Petroleum |
GDP |
$9.32 |
$17.02 |
$743 |
83% |
| Source CAP IQ, market cap in $MM. |
Diamondback Energy celebrates with Top Honors in 2013 with a 177% return. FANG went public in October 2012 and is focused exclusively in the Permian Basin of West Texas where 3,500' of stacked pay potential is rewriting history. The company is enjoying success drilling Wolfcamp B wells with results to date at or above the type curve of 600 MBOE (71% oil). FANG has plenty of running room with 18 years of inventory using a 6-rig program and individual well economics showing a 47% IRR based on well costs of $7.0MM and $90 WTI. In fact, the success in the Wolfcamp B is driving some of the best horizontal economics in the entire US with a breakeven price of just $55/bbl. Here's a quick map of some Wolfcamp B results in FANG's area.
Matador Resources takes runner-up honors with a 2013 stock price rise of 127%. Like FANG, MTDR went public in 2012 - on February 7 specifically - and has delivered in 2013. The two core plays for MTDR are the Eagle Ford and the Permian. The Eagle Ford is expected to continue to be the major production growth driver as MTDR looks to tack on another 40-50% growth in 2014 on top of 70% in 2013. Through a series of operational improvements, including advancing from pad drilling to batch drilling, gas lift technology, better frac design and downspacing, MTDR continues to drive costs down and signficantly enhance Eagle Ford economics.
More HOT slides and data below.
The other four stock US E&P winners of 2013 highlighted below are Carrizo Oil & Gas, Penn Virginia Corporation, Magnum Hunter Resources and Goodrich Petroleum.
Did you know?
Oil company execs, investors and bankers know full well the value of "competitive reconnaissance." PLS's docFinder database is a valuable DATA source to help you stay current on industry and company developments. DocFinder lets you quickly view and compare type curves, oil price differentials, drilling costs, operating costs, CAPEX plans past, present and future, and other critical data.
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