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Deep Well Oil & Gas Inc  (DWOG)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 

Deep Well Oil & Gas Inc's Customers Performance

DWOG

 
DWOG's Source of Revenues Customers of Deep Well Oil & Gas Inc saw their costs of revenue drop by -50.28 % in Q4 compare to a year ago, sequentially costs of revenue were trimmed by -1.24 %, for the same period Deep Well Oil & Gas Inc

List of DWOG Customers




Customers of Deep Well Oil & Gas Inc saw their costs of revenue drop by -50.28 % in Q4 compare to a year ago, sequentially costs of revenue were trimmed by -1.24 %, for the same period Deep Well Oil & Gas Inc

List of DWOG Customers


   
Customers Net Income fell in Q4 by Customers Net margin fell to %
-94.81 % 0.26 %



Deep Well Oil & Gas Inc's Customers, Q4 2019 Revenue Growth By Industry
Customers in Chemical Manufacturing Industry -7.92 %   
Customers in Construction Raw Materials Industry      13.91 %
Customers in Conglomerates Industry      3698.55 %
Customers in Oil And Gas Production Industry -73.08 %   
Customers in Oil & Gas Integrated Operations Industry -14.34 %   
Customers in Oil Refineries Industry -0.78 %   
Customers in Property & Casualty Insurance Industry      17.92 %
Customers in Real Estate Investment Trusts Industry -4.73 %   
Customers in Electric Utilities Industry      46.88 %
Customers in Natural Gas Utilities Industry -8.79 %   
     
• Customers Valuation • Segment Rev. Growth • Segment Inc. Growth • Customers Mgmt. Effect.


Deep Well Oil & Gas Inc's Comment on Sales, Marketing and Customers



On lands where we have a 25% working interest, the operator of the SAGD Project markets and distributes all oil produced from the SAGD Project facility. Production from the SAGD Project was being trucked and sold to marketing facilities in the Peace River area of Alberta. Primarily because of the low-price environment at the time, the Joint Venture voted to temporarily suspend operations for the SAGD Project at the end of February 2016.

On lands where we are the operator, we intend to sell our oil production under both short-term (less than one year) and long-term (one year or more) agreements at prices negotiated with third parties. Under both short-term and long-term contracts, typically either the entire contract (in the case of short-term contracts) or the price provisions of the contract (in the case of long-term contracts) are renegotiated in intervals ranging in frequency from daily to annual. At this time, we have no production on any of the lands where we are the operator and therefore we have no short-term or long-term contracts. We will adopt specific sales and marketing plans once production is achieved on lands where we are designated as the operator. The operator of our joint SAGD Project marketed and distributed all oil produced from our joint SAGD Project.

Market pricing for bitumen is seasonal, with lower prices in and around the calendar year-end being the norm due to lower demand for asphalt and other bitumen-derived products. By necessity, bitumen is regularly blended with diluent in order to facilitate its transportation through pipelines to North American markets. As such, the effective field price for bitumen is also directly impacted by the input cost of the diluent required, the demand and price of which is also seasonal in nature (higher in winter as colder temperatures necessitate more diluent for transportation). Consequently, bitumen pricing is usually weakest in and around December and not reflective of the annual average realized price or the economics of the “business” overall. We have been advised that, to price bitumen, marketers apply formulas that take as a reference point the prices published for crude oil of particular qualities such as “Western Canadian Select”, “Brent Crude Oil”, “Crude Bitumen 9 API Plant Gate”, “Edmonton Light”, “Lloydminster Blend”, or the more internationally known “West Texas Intermediate” (“WTI”).

The price of oil and natural gas sold is determined by negotiation between buyers and sellers. An order from the National Energy Board (“NEB”) is required for oil and gas exports from Canada. The NEB is a federal agency which was formed in 1959 by the Parliament of Canada to regulate oil, gas and electric utility industries. The NEB monitors the supply and demand of oil, as it does with natural gas, to ensure quantities exported do not exceed the surplus remaining after Canadian requirements have been met. Any oil export to be made pursuant to an export contract that exceeds a certain duration or quantity requires an exporter to obtain authorization from the NEB. Natural gas exported from Canada is also subject to similar regulation by the NEB. Exporters are free to negotiate prices and other terms with purchasers provided that the export contracts meet certain criteria prescribed by the NEB. The government of Alberta also regulates the volume of natural gas, which may be removed from the province for consumption elsewhere based on such factors as reserve availability, transportation arrangements and market considerations.

The operator of our SAGD Project, distributed and sold all of the oil that was produced from the SAGD Project. Production was sold to 11 different marketing facilities in Alberta.


Deep Well Oil & Gas Inc's Comment on Sales, Marketing and Customers


On lands where we have a 25% working interest, the operator of the SAGD Project markets and distributes all oil produced from the SAGD Project facility. Production from the SAGD Project was being trucked and sold to marketing facilities in the Peace River area of Alberta. Primarily because of the low-price environment at the time, the Joint Venture voted to temporarily suspend operations for the SAGD Project at the end of February 2016.

On lands where we are the operator, we intend to sell our oil production under both short-term (less than one year) and long-term (one year or more) agreements at prices negotiated with third parties. Under both short-term and long-term contracts, typically either the entire contract (in the case of short-term contracts) or the price provisions of the contract (in the case of long-term contracts) are renegotiated in intervals ranging in frequency from daily to annual. At this time, we have no production on any of the lands where we are the operator and therefore we have no short-term or long-term contracts. We will adopt specific sales and marketing plans once production is achieved on lands where we are designated as the operator. The operator of our joint SAGD Project marketed and distributed all oil produced from our joint SAGD Project.

Market pricing for bitumen is seasonal, with lower prices in and around the calendar year-end being the norm due to lower demand for asphalt and other bitumen-derived products. By necessity, bitumen is regularly blended with diluent in order to facilitate its transportation through pipelines to North American markets. As such, the effective field price for bitumen is also directly impacted by the input cost of the diluent required, the demand and price of which is also seasonal in nature (higher in winter as colder temperatures necessitate more diluent for transportation). Consequently, bitumen pricing is usually weakest in and around December and not reflective of the annual average realized price or the economics of the “business” overall. We have been advised that, to price bitumen, marketers apply formulas that take as a reference point the prices published for crude oil of particular qualities such as “Western Canadian Select”, “Brent Crude Oil”, “Crude Bitumen 9 API Plant Gate”, “Edmonton Light”, “Lloydminster Blend”, or the more internationally known “West Texas Intermediate” (“WTI”).

The price of oil and natural gas sold is determined by negotiation between buyers and sellers. An order from the National Energy Board (“NEB”) is required for oil and gas exports from Canada. The NEB is a federal agency which was formed in 1959 by the Parliament of Canada to regulate oil, gas and electric utility industries. The NEB monitors the supply and demand of oil, as it does with natural gas, to ensure quantities exported do not exceed the surplus remaining after Canadian requirements have been met. Any oil export to be made pursuant to an export contract that exceeds a certain duration or quantity requires an exporter to obtain authorization from the NEB. Natural gas exported from Canada is also subject to similar regulation by the NEB. Exporters are free to negotiate prices and other terms with purchasers provided that the export contracts meet certain criteria prescribed by the NEB. The government of Alberta also regulates the volume of natural gas, which may be removed from the province for consumption elsewhere based on such factors as reserve availability, transportation arrangements and market considerations.

The operator of our SAGD Project, distributed and sold all of the oil that was produced from the SAGD Project. Production was sold to 11 different marketing facilities in Alberta.








DWOG's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Deep Well Oil & Gas Inc DWOG 0 1 0 3
Ameren Corporation AEE 19,537 5,910 834 8,527
Alon Usa Partners, Lp ALDW 1,029 2,071 72 2,830
Alon Usa Energy, Inc. ALJ 953 4,214 -33 2,830
Antero Midstream Corporation AM 1,436 808 -852 1
Anadarko Petroleum Corp APC 35,730 13,706 -288 6,100
Blue Dolphin Energy Co BDCO 6 309 7 10
Cms energy Corporation CMS 23,090 6,845 682 7,741
Centerpoint Energy Inc CNP 10,261 13,125 753 8,540
Conocophillips COP 38 36,670 7,257 19,100
Cvr Energy inc CVI 1,812 0 380 968
Cvr Refining, Lp CVRR 1,548 6,656 410 959
Chevron Corp CVX 159,949 146,516 2,845 64,700
Delek Us Holdings Inc DK 1,353 9,298 336 1,326
Devon Energy Corp DVN 3,393 6,220 -353 6,600
Entergy Corporation ETR 20,688 10,879 1,258 13,393
Genesis Energy Lp GEL 582 2,481 100 1,200
Gaming And Leisure Properties inc GLPI 6,131 1,153 391 0
Green Plains Partners Lp GPP 109 80 -3 35
Hess Corporation HES 12,223 6,510 -240 3,045
Hollyfrontier Corp HFC 13,139 17,487 872 3,522
Icahn Enterprises L p IEP 10,533 8,992 -1,791 14,258
Imperial Oil Ltd IMO 9,310 24,710 1,765 5,600
Kinder Morgan Inc KMI 34,836 13,209 2,239 11,535
Loews Corp L 11,674 14,931 871 17,510
Laredo Petroleum inc LPI 93 837 -342 324
Lyondellbasell Industries N v LYB 83,412 34,727 3,397 13,100
Mdu Resources Group Inc MDU 4,947 5,337 335 9,598
Marathon Petroleum Corporation MPC 16,839 123,949 3,255 45,340
Marathon Oil Corporation MRO 3,321 5,190 480 3,359
Murphy Oil Corp MUR 1,222 2,829 1,253 1,712
Nisource Inc NI 10,100 6,744 383 8,982
Oneok Inc OKE 11,812 10,164 1,279 2,269
Occidental Petroleum Corp OXY 13,485 20,393 -522 11,700
Pbf Energy Inc PBF 960 24,508 375 3,165
Pg ande Corp PCG 6,331 17,129 -7,642 22,581
Pdc Energy Inc PDCE 557 1,156 -57 395
Public Service Enterprise Group Incorporated PEG 26,846 10,076 1,693 12,689
Phillips 66 PSX 43,566 102,354 3,377 14,000
Qep Resources Inc QEP 264 1,917 -97 765
Scana Corporation SCG 6,833 3,531 -115 5,989
Sea Ltd SE 15,255 827 -961 5,900
Sanchez Midstream Partners Lp SPP 0 77 51 33
Questar Gas Co STR 0 957 74 1,745
Sunoco Lp SUN 1,493 16,596 313 22,500
Southwestern Energy Co SWN 1,356 3,038 891 2,781
Integrys Holding, Inc. TEG 0 0 0 4,472
Tengasco Inc TGC 5 5 0 14
Andeavor TSO 15,308 38,637 1,833 5,600
Union Pacific Corporation UNP 104,394 22,424 6,109 47,201
Valero Energy Corp VLO 19,840 106,205 2,932 10,007
Wec Energy Group Inc WEC 31,096 7,523 2,025 4,248
Williams Companies Inc WMB 20,144 8,201 714 6,742
Xcel Energy Inc XEL 34,858 21,104 1,372 11,589
Exxon Mobil Corporation XOM 184,785 264,938 14,774 75,300
SUBTOTAL 1,038,483 1,214,153 54,691 554,430


             
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