Midland energy inc. Midland Energy, Inc. Oil / Gas Wells and Leases 2022-10-23
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Midland Energy Inc is a global energy company that operates in the exploration, development, and production of oil and natural gas. The company was founded in the early 2000s and has since grown to become a leader in the energy industry.
Midland Energy Inc has a diverse portfolio of assets, including oil and gas fields in North America, Europe, and Asia. The company also has a strong focus on sustainability and has implemented numerous initiatives to reduce its environmental impact. This includes investing in renewable energy sources and implementing advanced technologies to reduce emissions.
One of the key strategies of Midland Energy Inc is to continuously seek out new opportunities for growth. The company is always on the lookout for new ways to increase its production and expand its operations. This has allowed Midland Energy Inc to maintain a strong financial position, even in times of economic downturn.
In addition to its focus on exploration and production, Midland Energy Inc is also committed to building strong relationships with the communities in which it operates. The company works closely with local governments and organizations to ensure that its operations are conducted in a socially responsible manner.
Overall, Midland Energy Inc is a well-respected and successful company in the global energy industry. Its commitment to sustainability and community engagement sets it apart from many of its peers, and its focus on growth and innovation positions it well for the future.
Midland Energy Resources, Inc. Essay Example
For an investment to be successful the expected return on capital has to be greater than the cost of capital. This practice required constant reassessment of optimal borrowing. Various considerations have to be evaluated as risk factors when calculating the cost-of capital. Use of a single hurdle rate for all divisions Midland Energy Resources, Inc. Treasury securities of a similar maturity. The company has an estimated daily production of 130 BBLs oil and 130 MCF of gas, coming from 10 actively producing wells in the state.
Gas Prod 08-11003 Winkler County 08-11479 Winkler County 08-12114 Winkler County 08-17413 Winkler County 08-27848 Winkler County 08-28999 Winkler County 08-29002 Winkler County 08-29602 Winkler County 08-30196 Winkler County 08-30688 Winkler County 08-30853 Winkler County 08-30893 Martin County 08-31287 Winkler County 08-31672 Winkler County 08-31882 Midland County 08-32350 Winkler County 08-35880 Midland County 08-36413 Midland County 08-36503 Midland County 08-36560 Midland County 08-36602 Midland County 08-37125 Martin County 08-37136 Midland County 08-37163 Midland County 08-37224 Midland County 08-37248 Midland County 08-38740 Midland County 08-38893 Midland County 08-39006 Martin County 08-39017 Martin County 08-39097 Martin County 08-39099 Martin County 08-39225 Midland County 08-39447 Martin County 08-39545 Martin County 08-40013 Midland County 08-45435 Martin County 7C-13102 Upton County 7C-19557 Upton County 7C-20412 Upton County 8A-70094 Dawson County DISCLAIMER: Texas-Drilling. In this case Mortensen computed the cost of debt for each division by adding a premium, or spread, over U. Long-term expected cash flow and collateral value were affected by political risk. Please notify Texas Drilling immediately if any inaccuracies are discovered. Lease Lease Name County Monthly Oil Prod. We will, in the following sections, calculate the WACC rates of its divisions.
How, if at all, should these anticipated uses affect the calculations? Midland also repurchased its own stock when the stock of the price fell. Changes in the market sometimes drove actual debt ratios away from targets. Midland also had traders in-house who actively managed currency, rate and commodity risks. Midland Energy Resources, Inc. Petrochemical capital spending was expected to near future and new investments would be undertaken by joint ventures outside the United States.
This page represents an aggregation of wells and leases where applicable to provide a more complete view when looking at oil and gas properties in the U. Janet Mortensen, the senior vice president of project finance for Midland Energy Resources must determine the weighted average cost of capital WACC for the company as a whole and each of its divisions as part of the annual capital budgeting process. As an analyst in 2002, Mortensen calculated the Cost of Capital for an initial share repurchase and later provided the Cost of Capital for Executive management performance evaluation. Midland Energy Resources, Inc. Cost of capital encompasses two fundamental sources of financing such as cost of debt and cost of equity. Production Range Active Wells Dawson County, TX Aug 2022 139 BBLs 0 MCF Dec 2013 - Aug 2022 1 Midland County, TX Aug 2022 32,921 BBLs 178,414 MCF Jan 1993 - Sep 2022 64 Martin County, TX Aug 2022 471 BBLs 433 MCF Jan 1993 - Sep 2022 2 Martin County, TX Aug 2022 989 BBLs 301 MCF Jan 1993 - Sep 2022 3 Upton County, TX Aug 2022 58 BBLs 902 MCF Oct 2019 - Sep 2022 1 Winkler County, TX Aug 2022 3,061 BBLs 19,881 MCF Jan 1993 - Sep 2022 85 Winkler County, TX 0 BBLs 0 MCF Jan 1993 - Apr 2019 4 Winkler County, TX Aug 2022 1,472 BBLs 1,436 MCF Jan 1993 - Sep 2022 56 Midland County, TX 0 BBLs 0 MCF Dec 2007 - Jul 2022 1 Martin County, TX 0 BBLs 0 MCF Apr 2012 - Nov 2014 4 Martin County, TX Aug 2022 504 BBLs 349 MCF Jan 1993 - Sep 2022 2 Midland County, TX Aug 2022 1,001 BBLs 2 MCF Aug 2007 - Sep 2022 1 Midland County, TX Aug 2022 28 BBLs 89 MCF Nov 2000 - Sep 2022 17 Martin County, TX Aug 2022 352 BBLs 110 MCF Oct 2008 - Sep 2022 2 Midland County, TX Aug 2022 1,245 BBLs 1,858 MCF Jan 1993 - Aug 2022 3. The political charged issues such as nationalization or forced renegotiation of rights have an impact on the financial capacity of otherwise healthy reserves.
However with Midland marketing a comprehensive range of refined oil products worldwide they rank the largest division and investments will remain steady. The Case analysis was interesting and proved educational. Mortensen computed the cost of debt for each division by adding a premium, or spread, over U. Uses of estimates of the cost of capital and the effects of the uses on the calculations Midland Energy Resources, Inc. WACC WACC Weighted Average Cost of Capital is the average discount rate applied by the debt-holders and equity-holders of the company to its future cash flow. Examine and provide arguments that support your choice of various assumptions and inputs. They have been incorporated more than 120 years previously and they have 80,000 employees in 2007.
Production Status Actively Producing Producer National Rank by BOE Unranked Total Producing Wells 10 Most Recent Production Month 09-01-2022 Total Oil Production 2,592,424 BBls Total Gas Production 5,278,375 MCFs Total BOE Production 3,472,104 BBls Producing Counties Martin County Midland County Upton County Powered by: MineralAnswers. This discussion should include, but is not limited to, an examination of Capital structure weights, Risk-free rate, Equity market risk premium, beta, cost of equity, tax rate, and cost of debt. Cost of Equity is the return that stockholders require for a company. This practice allowed Midland to capitalize on the opportunity to shield additional profits from taxes. Applying calculations at a divisional level allows specified markets to be analysis based on present market conditions for that service or product. Why are they different from each other? How, if at all, should these anticipated uses affect the calculations? There are no permits filed with the state that Midland Energy, Inc.
Not the questions you were looking for? Cost of Capital Cost of Capital is the cost of obtaining funds for the required return necessary to meet its cost of financing a capital budgeting project determining how a company can raise money. As reading and reviewing this case we will focus on Janet Mortensen, the Senior Vice President undertaking this assignment of Midlands Cost of Capital. While we are constantly updating and improving our datasets and product, we do not guarantee that the results and coverage provided are 100% complete and up to date. The second is not yet visible in the preview. Based on capital markets the cost of equity varies in direct relation to the assumed risk in that specific market.
Treasury securities of a similar maturity. If not, what recommendations would you make and why? With continued growth expectations Midland is set to increase capital spending to meet growing demand. Company Summary Here are a few key data points for Midland Energy, Inc. Check back regularly to keep up to date on drilling in Texas. Before making any large decision, please consult the Texas Railroad Commission to verify any findings from Texas-Drilling. Petrochemicals are chemical products made from raw materials of petroleum. The distinctive of the firm is the sensitivity to market risk which depends on everything from management to its business and capital structure.
