Husky Energy Inc., Company Intelligence Report


#42177

134pages

GlobalData

$ 1000

In Stock


Husky Energy Inc. (Husky) is an integrated oil and gas company involved in the exploration and production of crude oil and natural gas; refining and transportation of crude oil and natural gas; and manufacture of petroleum products. The company’s operations are primarily located in Canada, the US, China, Greenland and Indonesia. The company’s business is divided into three segments; upstream, midstream and downstream. The upstream segment of the company is engaged in exploration, development and production of crude oil, Natural Gas Liquids (NGL) and natural gas. The company’s upstream assets are located in Western Canada, offshore Eastern Canada, offshore Greenland, the US, offshore China, and offshore Indonesia. The company’s producing assets are primarily located in Canada. The company also has a significant presence in oil sands. It has been producing bitumen through its Tucker project since 2006. The company is focused on further advancing its position in oil sands and is committed towards the development of its Sunrise project. The Sunrise project of the company will commence production in 2014 and will help the company in increasing its production. Husky’s total proved reserves were 818.2 MMboe at the end of 2009. 


Scope
  • Investment Thesis: This section highlights the companies new ventures, liquidity issues, assets analysis, hedging, new projects details, capex funding, geographical results of oil and gas operations, and other related analysis.
  • Goals and Strategies: Provide highlights on their existing and upcoming challenges with the possible strategies.
  • SWOT: This section highlights the companies internal strength, weakness, opportunities and threats to better understand their position in the market
  • Production and Development profile: This section highlights the companies’ forecasted crude oil and natural gas production from their existing and upcoming assets. It also covers the detailed information and analysis on the producing and development assets.
  • Exploration and M&A trends: This section includes exploration assets information resulted due to new discoveries, new drilling and other activities. Additionally, M&A section highlights the companies’ recent assets transactions, joint ventures, acquisition, and divestment activities during the specified period.
  • Financial Forecast and Valuation: This section highlights the detailed financial forecast of the companies for coming five years. This section also provides intrinsic value of the companies’ by using different valuation techniques.
  • Peer Group: This section compares peer group performance with the main companies on the basis of share prices, financial ratios, operational and financial parameters and other related activities.
Reasons to buy

The report will enhance the decision-making capability in a more rapid and time sensitive manner. It will allow you to -
  • Provide detailed analysis to those who are interested in knowing the companies’ existing and future business strategies.
  • Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates.
  • Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies.
  • Use the analysis for strategy and planning, M&A identifications, and competitor analysis.
Table of Contents

1 Table of Contents 3

1.1 List of Tables 6
1.2 List of Figures 7

2 Husky Energy Inc., Company Overview 10

3 Husky Energy Inc., Key Events for 2011 15

4 Husky Energy Inc, Key Highlights 16

4.1 Long-term Growth Through Upcoming Projects 16
4.1.1 The Sunrise Project 16
4.1.2 West White Rose 16
4.1.3 Liwan Project 17
4.2 Acquisitions to Boost Resource Addition and Production 17
4.3 Strong Inventory of Undeveloped Assets 18

5 Husky Energy Inc., SWOT Analysis 21
5.1 Strength 21
5.1.1 Strong Oil Sands Operations 21
5.1.2 History of Sufficient Cash Flows 21
5.1.3 Integrated Upstream and Refining Operations 22
5.2 Weakness 23
5.2.1 Declining Production Volumes 23
5.2.2 Relatively High Reserve Replacement Costs 23
5.3 Opportunities 24
5.3.1 Sunrise will Boost Future Oil Production 24
5.3.2 Exploiting Unexplored Assets 24
5.4 Threats 24
5.4.1 Unsuccessful Exploration Result 24

6 Husky Energy Inc., Goals and Strategies 24
6.1 Developing Sunrise Oil Sands Project 24
6.2 Immediate Growth in Production Through Acquiistions 25

7 Husky Energy Inc., Production Overview 25
7.1 Production Profile 25
7.2 Canada 27
7.2.1 Lloydminster Heavy Oil and Gas 27
7.2.2 Western Canada 28
7.2.3 East Coast Canada 30
7.2.4 Oil Sands 31
7.3 China 31
7.4 Costs Incurred and Acreage 32

8 Husky Energy Inc., Development Overview 34
8.1 The Sunrise Project 35
8.2 Liwan and Liuhua Natural Gas Projects 36
8.3 East Coast Canada 36
8.3.1 North Amethyst Oil Field 36

9 Husky Energy Inc., Exploration and M&A Highlights 37
9.1 Canada 38
9.1.1 Undeveloped Oil Sands Assets 38
9.1.2 East Coast Canada 38
9.2 International 38
9.2.1 China 39
9.2.2 Indonesia 39
9.2.3 The US 39
9.2.4 Greenland 39
9.3 M&A Activity 40

10 Husky Energy Inc., Midstream Updates 41

11 Husky Energy Inc., Downstream Updates 42

12 Husky Energy Inc., Forecast Production and Financial Statements 44

12.1 Income Statement (20082015) 46
12.2 Balance Sheet (20082015) 47
12.3 Cash Flow Statement (20082015) 48
12.4 Financial Ratios 49

13 Husky Energy Inc., Valuation 52
13.1 Net Asset Value 52

14 Husky Energy Inc., Peer Comparision 55
14.1 Share Price Performance 55
14.2 Operational and Financial Performance 55

15 Husky Energy Inc., Detailed Financial and Operational Metrics 61
15.1 Husky Energy Inc., Quarterly Results of Oil & Gas Operations Per boe Produced 61
15.1.1 Results of Oil & Gas Operations Per boe Produced, Q4, 2009-Q4, 2010 61
15.1.2 Results of Oil & Gas Operations Per boe Growth Rates, Q4, 2009-Q4, 2010 62
15.2 Husky Energy Inc., Quarterly E&P Costs Trends 63
15.2.1 Upstream Capital Expenditure, Q4, 2009-Q4, 2010 63
15.3 Husky Energy Inc., Total Oil and Gas Production 64
15.3.1 Total Crude Oil and Natural Gas Production Trend, Q4, 2009-Q4, 2010 64
15.3.2 Total Crude Oil & Natural Gas Production, By Country/Region, Q4, 2009-Q4, 2010 65
15.4 Husky Energy Inc., Crude Oil Production 66
15.4.1 Total Crude Oil Production Trend, Q4, 2009-Q4, 2010 66
15.4.2 Crude Oil Production, By Country/Region, Q4, 2009-Q4, 2010 67
15.5 Husky Energy Inc., Natural Gas Production 68
15.5.1 Total Natural Gas Production Trend, Q4, 2009-Q4, 2010 68
15.5.2 Natural Gas Production, By Country/Region, Q4, 2009-Q4, 2010 69
15.5.3 Share Price Performance, 2004-2009 70
15.5.4 Key Valuation Metrics, 2004-2009 71
15.6 Husky Energy Inc., Production and Reserves Trends 72
15.6.1 Total Crude Oil and Natural Gas Production and Reserves Trend, 2004-2009 72
15.6.2 Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2004-2009 73
15.6.3 Total Crude Oil and Natural Gas Reserve Changes, 2004-2009 75
15.7 Crude Oil/Liquids Production and Reserve 76
15.7.1 Crude Oil/Liquids Production and Reserve Trend, 2004-2009 76
15.7.2 Crude Oil Production and Reserves By Country/Region, 2004-2009 77
15.7.3 Crude Oil/Liquids Reserve Changes, 2004-2009 79
15.8 Natural Gas Production and Reserve 80
15.8.1 Natural Gas Production and Reserve Trend, 2004-2009 80
15.8.2 Natural Gas Production and Reserves, By Country/Region, 2004-2009 81
15.8.3 Natural Gas Reserve Changes, 2004-2009 83
15.9 Total Crude Oil and Natural Gas Reserves Life Index 84
15.9.1 Total Crude Oil and Natural Gas Reserves Life Index, 2004-2009 84
15.9.2 Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2004-2009 85
15.10 Allocation of the Upstream Capital Expenditure 87
15.10.1 Upstream Capital Expenditure, 2004-2009 87
15.10.2 Acquisition Costs By Country/Region, 2004-2009 88
15.10.3 Exploration and Development Costs, By Country/Region, 2004-2009 90
15.11 Oil and Gas Cost Per boe, $/boe 92
15.11.1 Oil and Gas Cost Per boe, $/boe, 2004-2009 92
15.11.2 Oil and Gas Cost Per boe, $/boe, By Country/Region, 2004-2009 94
15.12 Oil and Gas Production Replacement Ratio 97
15.12.1 Oil and Gas Production Replacement Ratio, 2004-2009 97
15.12.2 Oil and Gas Production Replacement Ratio, By Country/Region, 2004-2009 99
15.13 Oil and Gas Revenue and Expenses 103
15.13.1 Oil and Gas Revenue and Expenses, 2004-2009 103
15.13.2 Oil and Gas Revenue and Expenses, By Country/Region, 2004-2009 104
15.14 Oil and Gas Revenue and Expenses, Per boe 108
15.14.1 Oil and Gas Revenue and Expenses, By boe, 2004-2009 108
15.14.2 Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2004-2009 109
15.15 Oil and Gas Performance Metrics 113
15.16 Developed and Undeveloped Acreage 114
15.16.1 Gross and Net Developed and Undeveloped Acreage, 2004-2009 114
15.16.2 Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2004-2009 115
15.17 Well Statistics 118
15.17.1 Producible Oil and Gas Well, 2004-2009 118
15.17.2 Producible Oil and Gas Well, By Country/Region, 2004-2009 119
15.17.3 Exploration and Development Wells Drilled, 2004-2009 124
15.17.4 Exploration and Development Wells Drilled, By Country/Region, 2004-2009 126
15.17.5 Developed Reserves per Well, Oil (Mbbls per Well), Gas (MMcf per Well), Oil & Gas (Mboe per Well), 2004-2009 128
15.17.6 Developed Reserves per Well, By Country/Region, 2004-2009 129

16 Appendix 131
16.1 Methodology 131
16.1.1 Coverage 131
16.1.2 Secondary Research 131
16.1.3 Primary Research 131
16.2 Data Sources 132
16.2.1 Company Source 132
16.2.2 SEC/Other Regulatory Filings 132
16.3 Methodology for Company Valuation 132
16.4 Expert Panel Validation 133
16.5 Units of Measure 133
16.6 About GlobalData 134
16.7 Disclosure 134
16.8 Disclaimer 134
Table 1: Husky Energy Inc., Key Events, January 2010January 2011 14
Table 2:Husky Energy Inc., Upcoming Projects 17
Table 3:Husky Energy Inc., Upcoming Projects 19
Table 4: Husky Energy Inc., Upstream Growth Profile (MMboe), 20102014 31
Table 5: Husky Energy Inc., Recent Transactions as a Buyer, 20092010 40
Table 6: Husky Energy Inc., Forecast Production, 20072015 44
Table 7: GlobalData, Price Forecasts, 20112015 44
Table 8: Husky Energy Inc., Income Statement ($m), 20082015 46
Table 9: Husky Energy Inc., Balance Sheet ($m), 20082015 47
Table 10: Husky Energy Inc., Cash Flow Statement ($m), 20082015 48
Table 11: Husky Energy Inc., Profitability Ratios, 20082015 49
Table 12: Husky Energy Inc., Other Financial Ratios, 20082015 50
Table 13: Husky Energy Inc., Capital Market Ratios, 20092011 51
Table 14: GlobalData, Price Forecasts, 20112015 52
Table 16: Husky Energy Inc., Prospective Acreage & Non Proven Reserves, 2011 53
Table 17: Husky Energy Inc., NPV of Natural Gas Reserves, $/Mcf, 2011 53
Table 18: Husky Energy Inc., NPV of Oil/NGL Reserves, $/bbl, 2011 54
Table 19: Husky Energy Inc., NPV OF Total Oil and Natural Gas Reserves , $/boe, 2011 54
Table 20: Husky Energy Inc., Sensitivity Analysis on Fair Value (CAD per share), 2011 54
Table 21: Husky Energy Inc., and Peer Group Comparison, Financial Ratios, 2009 56
Table 22: Husky Energy Inc. Versus Peer Group, Operational and Financial Performance, 2009 57
Table 23: Husky Energy Inc., Results of Oil & Gas Operations Per boe Produced, $/boe, Q4, 2009-Q4, 2010 61
Table 24: Husky Energy Inc., Results of Oil & Gas Operations Per boe Growth Rates, %, Q4, 2009-Q4, 2010 62
Table 25: Husky Energy Inc., Upstream Capital Expenditure, Q4, 2009-Q4, 2010 63
Table 26: Husky Energy Inc., Total Crude Oil and Natural Gas, Production, Q4, 2009-Q4, 2010 64
Table 27: Husky Energy Inc., Total Oil & Gas Production, By Country/Region, MMboe, Q4, 2009-Q4, 2010 65
Table 28: Husky Energy Inc., Total Crude Oil Production, MMbbl, Q4, 2009-Q4, 2010 66
Table 29: Husky Energy Inc., Crude Oil Production, By Country/Region, MMbbl, Q4, 2009-Q4, 2010 67
Table 30: Husky Energy Inc., Total Natural Gas Production, Bcf, Q4, 2009-Q4, 2010 68
Table 31: Husky Energy Inc., Natural Gas Production, By Country/Region, Bcf, Q4, 2009-Q4, 2010 69
Table 32: Husky Energy Inc., Share Price Performance, 2004-2009 70
Table 33: Husky Energy Inc., Key Valuation Metrics, 2004-2009 71
Table 34: Husky Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2004-2009 72
Table 35: Husky Energy Inc., Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2004-2009 74
Table 36: Husky Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2004-2009 75
Table 37: Husky Energy Inc., Crude Oil Production and Reserves Metrics, MMbbl, 2004-2009 76
Table 38: Husky Energy Inc., Crude Oil Production and Reserves, By Country/Region, MMbbl, 2004-2009 78
Table 39: Husky Energy Inc., Crude Oil Reserve Changes, MMbbl, 2004-2009 79
Table 40: Husky Energy Inc., Natural Gas Production and Reserves Metrics, Bcf, 2004-2009 80
Table 41: Husky Energy Inc., Natural Gas Production and Reserves, By Country/Region, Bcf, 2004-2009 82
Table 42: Husky Energy Inc., Natural Gas Reserve Changes, Bcf, 2004-2009 83
Table 43: Husky Energy Inc., Oil and Gas Reserves Life Index, Years, 2004-2009 84
Table 44: Husky Energy Inc., Oil and Gas Reserves Life Index, By Country/Region, Years, 2004-2009 86
Table 45: Husky Energy Inc., Upstream Capital Expenditure, $m, 2004-2009 87
Table 46: Husky Energy Inc., Proved and Unproved Acquisition Costs, By Country/Region, $m, 2004-2009 89
Table 47: Husky Energy Inc., Exploration and Development Costs, By Country/Region, $m, 2004-2009 91
Table 48: Husky Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2004-2009 92
Table 49: Husky Energy Inc., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, By Country/Region, 2004-2009 96
Table 50: Husky Energy Inc., Oil and Gas Production Replacement Ratio, %, 2004-2009 97
Table 51: Husky Energy Inc., 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2004-2009 102
Table 52: Husky Energy Inc., Revenue and Expenses, $m, 2004-2009 103
Table 53: Husky Energy Inc., Revenue and Expenses, By Country/Region, $m, 2004-2009 107
Table 54: Husky Energy Inc., Oil and Gas Revenue and Expenses, $/boe, 2004-2009 108
Table 55: Husky Energy Inc., Oil and Gas Revenue and Expenses, $/boe, By Country/Region, 2004-2009 112
Table 56: Husky Energy Inc., Oil and Gas Performance Metrics, 2004-2009 113
Table 57: Husky Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2004-2009 114
Table 58: Husky Energy Inc., Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2004-2009 117
Table 59: Husky Energy Inc., Producible Oil and Gas Wells, 2004-2009 118
Table 60: Husky Energy Inc., Producible Oil and Gas Wells, By Country/Region, 2004-2009 122
Table 61: Husky Energy Inc., Exploratory and Developed Wells, 2004-2009 124
Table 62: Husky Energy Inc., Exploratory and Developed Wells, By Country/Region, 2004-2009 126
Table 63: Husky Energy Inc., Developed Reserves per Well, Oil (Mbbls per Well), Gas (MMcf per Well), Oil & Gas (Mboe per Well), 2004-2009 128
Table 64: Husky Energy Inc., Developed Reserves per Well, By Country/Region, Mboe per Well, 2004-2009 130
Figure 1: Husky Energy Inc., Operational Overview, 2011 10
Figure 2: Husky Energy Inc., Revenue by Geography, 2009 10
Figure 3: Husky Energy Inc., Performance Charts, 20062009 12
Figure 4: Husky Energy Inc., Share Price Performance, February 2010 February 2011 13
Figure 5: Husky Energy Inc., Acquisition Costs (CADm), 20062010 17
Figure 6: Husky Energy Inc. and Peers Average, Cost of Oil and Gas Extensions and Discoveries ($/boe), 20062009 19
Figure 7: Husky Energy Inc., Operating Cash Flows Versus Cash Used in Investing Activities, CADm 20062009 22
Figure 8: Husky Energy Inc., Total Production, MMboe, 20062010 23
Figure 9: Husky Energy Inc., Total Production, MMboe, 20062014 26
Figure 10: Husky Energy Inc., Production Mix (%) 20062014 26
Figure 11: Husky Energy Inc., Costs Incurred (CADm), 20062009 32
Figure 12: Husky Energy Inc., Reserve Replacement Ratio and Finding and Development Cost, 20062009 33
Figure 13: Husky Energy Inc., Development Cost as Percentage of Total Upstream Expenditure (%) 20062009 34
Figure 14: Husky Energy Inc., Development Cost (CADm), 20062009 35
Figure 15: Husky Energy Inc., Exploration Expenditure as Percentage of Total Upstream Capital Expenditure (%), 20062009 37
Figure 16: Husky Energy Inc., Exploration Cost ($m), 20062009 38
Figure 17: Husky Energy Inc., Midstream Segment, Revenue, Earning and Segment Revenue as Percentage of Total Revenue, 20062009 41
Figure 18: Husky Energy Inc., Downstream Segment, Revenue, Earning and Segment Revenue as Percentage of Total Revenue, 20062009 43
Figure 19: Husky Energy Inc. and its Peers, Relative Share Price Performance Index, January 2010 December 2010 55
Figure 20: Husky Energy Inc, Finding and Development Costs and Reserve Replacement Ratio, 2009 58
Figure 21: Husky Energy Inc., Operational and Financial Parameters in $/boe, 2009 58
Figure 22: Husky Energy Inc., and Peer Group, Total Reserves and Production (MMboe), 2009 59
Figure 23: Husky Energy Inc. and Peer Group, Comparative Valuation Multiples, 2010 60
Figure 24: Husky Energy Inc., Results of Oil & Gas Operations Per boe Produced, $/boe, Q4, 2009-Q4, 2010 61
Figure 25: Husky Energy Inc., Upstream Capital Expenditure, $m, Q4, 2009-Q4, 2010 63
Figure 26: Husky Energy Inc., Total Crude Oil and Natural Gas, Production, MMboe, Q4, 2009-Q4, 2010 64
Figure 27: Husky Energy Inc., Total Oil & Gas Production, By Country/Region, MMboe, Q4, 2009-Q4, 2010 65
Figure 28: Husky Energy Inc., Total Crude Oil Production, MMbbl, Q4, 2009-Q4, 2010 66
Figure 29: Husky Energy Inc., Crude Oil Production, By Country/Region, MMbbl, Q4, 2009-Q4, 2010 67
Figure 30: Husky Energy Inc., Total Natural Gas Production, Bcf, Q4, 2009-Q4, 2010 68
Figure 31: Husky Energy Inc., Natural Gas Production, By Country/Region, Bcf, Q4, 2009-Q4, 2010 69
Figure 32: Husky Energy Inc., Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), 2004-2009 71
Figure 33: Husky Energy Inc., Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2004-2009 72
Figure 34: Husky Energy Inc., Total Proved Oil & Gas Reserves, By Country/Region, MMboe, 2004-2009 73
Figure 35: Husky Energy Inc., Total Oil & Gas Production, By Country/Region, MMboe, 2004-2009 73
Figure 36: Husky Energy Inc., Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2009 75
Figure 37: Husky Energy Inc., Crude Oil Production and Reserves Metrics, MMbbl, 2004-2009 76
Figure 38: Husky Energy Inc., Total Proved Oil Reserves, By Country/Region, MMbbl, 2004-2009 77
Figure 39: Husky Energy Inc., Oil Production, By Country/Region, MMbbl, 2004-2009 77
Figure 40: Husky Energy Inc., Crude Oil Reserve Changes, MMbbl, 2009 79
Figure 41: Husky Energy Inc., Natural Gas Production and Reserves Metrics, Bcf, 2004-2009 80
Figure 42: Husky Energy Inc., Total Proved Gas Reserves, By Country/Region, Bcf, 2004-2009 81
Figure 43: Husky Energy Inc., Gas Production, By Country/Region, Bcf, 2004-2009 81
Figure 44: Husky Energy Inc., Natural Gas Reserve Changes, Bcf, 2009 83
Figure 45: Husky Energy Inc., Oil and Gas Reserves Life Index, Years, 2004-2009 84
Figure 46: Husky Energy Inc., Gas Reserve Life Index, By Country/Region, Years, 2004-2009 85
Figure 47: Husky Energy Inc., Oil & Gas Reserve Life Index, By Country/Region, Years, 2004-2009 85
Figure 48: Husky Energy Inc., Oil Reserve Life Index, By Country/Region, Years, 2004-2009 86
Figure 49: Husky Energy Inc., Upstream Capital Expenditure, $m, 2004-2009 87
Figure 50: Husky Energy Inc., Proved Acquisition Costs, By Country/Region, $m, 2004-2009 88
Figure 51: Husky Energy Inc., Unproved Acquisition Costs, By Country/Region, $m, 2004-2009 88
Figure 52: Husky Energy Inc., Development Costs, By Country/Region, $m, 2004-2009 90
Figure 53: Husky Energy Inc., Exploration Costs, By Country/Region, $m, 2004-2009 90
Figure 54: Husky Energy Inc., 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, $/boe, 2004-2009 92
Figure 55: Husky Energy Inc., 3-Year Wt. Avg. Oil & Gas Finding & Development Cost per boe, By Country/Region, $/boe, 2004-2009 94
Figure 56: Husky Energy Inc., 3-Year Wt. Avg. Oil & Gas Finding Cost per boe, By Country/Region, $/boe, 2004-2009 94
Figure 57: Husky Energy Inc., 3-Year Wt. Avg. Reserve Replacement Cost per boe, By Country/Region, $/boe, 2004-2009 95
Figure 58: Husky Energy Inc., 3-Year Wt. Avg. Proved Acquisition Cost per boe, By Country/Region, $/boe, 2004-2009 95
Figure 59: Husky Energy Inc., 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2004-2009 97
Figure 60: Husky Energy Inc., 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2004-2009 99
Figure 61: Husky Energy Inc., 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2004-2009 99
Figure 62: Husky Energy Inc., 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2004-2009 100
Figure 63: Husky Energy Inc., 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2004-2009 100
Figure 64: Husky Energy Inc., 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2004-2009 101
Figure 65: Husky Energy Inc., 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2004-2009 101
Figure 66: Husky Energy Inc., Revenue and Expenses, $m, 2004-2009 103
Figure 67: Husky Energy Inc., Depreciation, Depletion & Amortization , By Country/Region, $m, 2004-2009 104
Figure 68: Husky Energy Inc., Income Tax/(Benefit), By Country/Region, $m, 2004-2009 104
Figure 69: Husky Energy Inc., Net Income/ Loss, By Country/Region, $m, 2004-2009 105
Figure 70: Husky Energy Inc., Oil & Gas Revenue, By Country/Region, $m, 2004-2009 105
Figure 71: Husky Energy Inc., Pre-tax Profit, By Country/Region, $m, 2004-2009 106
Figure 72: Husky Energy Inc., Production Expenses, By Country/Region, $m, 2004-2009 106
Figure 73: Husky Energy Inc., Total Expenses, By Country/Region, $m, 2004-2009 107
Figure 74: Husky Energy Inc., Oil and Gas Revenue and Expenses, $/boe, 2004-2009 108
Figure 75: Husky Energy Inc., Income Tax/(Benefit) per boe, By Country/Region, $/boe, 2004-2009 109
Figure 76: Husky Energy Inc., Lifting Cost per boe, By Country/Region, $/boe, 2004-2009 109
Figure 77: Husky Energy Inc., Annual Net Income per boe, By Country/Region, $/boe, 2004-2009 110
Figure 78: Husky Energy Inc., Oil & Gas Revenue per boe, By Country/Region, $/boe, 2004-2009 110
Figure 79: Husky Energy Inc., Total DD&A per boe, By Country/Region, $/boe, 2004-2009 111
Figure 80: Husky Energy Inc., Total Revenue per boe, By Country/Region, $/boe, 2004-2009 111
Figure 81: Husky Energy Inc., Oil and Gas Performance Metrics, 2004-2009 113
Figure 82: Husky Energy Inc., Land Holdings (Developed and Undeveloped Acreage), Acres, 2004-2009 114
Figure 83: Husky Energy Inc., Total Gross Undeveloped Acreage, By Country/Region, Acres, 2004-2009 115
Figure 84: Husky Energy Inc., Total Net Undeveloped Acreage, By Country/Region, Acres, 2004-2009 115
Figure 85: Husky Energy Inc., Total Gross Developed Acreage, By Country/Region, Acres, 2004-2009 116
Figure 86: Husky Energy Inc., Total Net Developed Acreage, By Country/Region, Acres, 2004-2009 116
Figure 87: Husky Energy Inc., Producible Oil and Gas Wells, 2004-2009 118
Figure 88: Husky Energy Inc., Gross Producible Gas Wells, By Country/Region, Number, 2004-2009 119
Figure 89: Husky Energy Inc., Gross Producible Oil & Gas Wells, By Country/Region, Number, 2004-2009 119
Figure 90: Husky Energy Inc., Gross Producible Oil Wells, By Country/Region, Number, 2004-2009 120
Figure 91: Husky Energy Inc., Net Oil & Gas Wells as % of Gross Oil & Gas Wells, By Country/Region, %, 2004-2009 120
Figure 92: Husky Energy Inc., Net Producible Gas Wells, By Country/Region, Number, 2004-2009 121
Figure 93: Husky Energy Inc., Net Producible Oil & Gas Wells, By Country/Region, Number, 2004-2009 121
Figure 94: Husky Energy Inc., Net Producible Oil Wells, By Country/Region, Number, 2004-2009 122
Figure 95: Husky Energy Inc., Exploratory and Developed Wells, 2004-2009 124
Figure 96: Husky Energy Inc., Developed Gas Reserves per Well (MMcf per Well), By Country/Region, 2004-2009 129
Figure 97: Husky Energy Inc., Developed Oil & Gas Reserves per Well (Mboe per Well), By Country/Region, 2004-2009 129
Figure 98: Husky Energy Inc., Developed Oil Reserves per Well (Mbbls per Well), By Country/Region, 2004-2009 130