GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Beach Energy Ltd (OTCPK:BEPTF) » Definitions » Dry Hole Expense (USD Mil)

Beach Energy (Beach Energy) Dry Hole Expense (USD Mil) : 0.00 (As of . 20)


View and export this data going back to . Start your Free Trial

What is Beach Energy Dry Hole Expense (USD Mil)?

Dry Hole Expense (USD Mil) means the cost incurred to drill an exploratory or developmental well that was found to be incapable of producing sufficient oil or gas to justify completion as an oil or gas well.

The historical rank and industry rank for Beach Energy's Dry Hole Expense (USD Mil) or its related term are showing as below:

BEPTF's Dry Hole Expense (USD Mil) is not ranked *
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Dry Hole Expense (USD Mil) only.

Beach Energy Dry Hole Expense (USD Mil) Historical Data

The historical data trend for Beach Energy's Dry Hole Expense (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Beach Energy Dry Hole Expense (USD Mil) Chart



Beach Energy  (OTCPK:BEPTF) Dry Hole Expense (USD Mil) Explanation

Dry Hole Expense (USD Mil) means the cost incurred to drill an exploratory or developmental well that was found to be incapable of producing sufficient oil or gas to justify completion as an oil or gas well. It includes all costs including drilling the well and testing for the presence of hydrocarbons,as well as the costs for leasing land, seismic purchase and reprocessing.


Beach Energy Dry Hole Expense (USD Mil) Related Terms

Thank you for viewing the detailed overview of Beach Energy's Dry Hole Expense (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.


Beach Energy (Beach Energy) Business Description

Industry
Traded in Other Exchanges
Address
80 Flinders Street, Level 8, Adelaide, SA, AUS, 5000
Beach produces oil, gas, and gas liquids from numerous joint ventures in the onshore Cooper and Eromanga basins. Beach merged with Cooper Basin joint-venture partner Drillsearch Energy Limited in March 2016, which increased equity production to about 10 million barrels of oil equivalent. This more than doubled to over 20 million barrels of oil equivalent following the successful purchase of Lattice from Origin Energy in 2018. The average field life is 10 years based on forecast production and 255 mmboe of proven and probable reserves. We credit life of around 15 years, assuming substantial conversion of 2C contingent resources into reserve category with drilling. Shale gas resources are blue-sky.

Beach Energy (Beach Energy) Headlines

From GuruFocus