Below link refers to table information I tried to post regards 2003 average costs of drilling onshore wells in USA.
Para#1 was TD of 16471 feet
Para#2 is susposed to be TD of 15500 feet (1000 feet less than Para#1 as updip in location)
http://pangea.stanford.edu/ERE/pdf/IGAstandard/SGW/2006/augustin.pdf
Table 1. Average costs of oil and gas onshore wells drilled in the US during the year 2003 from JAS data for listed depth intervals
Drilled(Ft) Av.Depth(Mtrs) Av.Depth(Ft) Cost(US$M)
1250-2499 557 1826 0.227
2500-3749 964 3162 0.267
3750-4999 1329 4359 0.3
5000-7499 1912 6272 0.543
7500-9999 2613 8572 1.01
10000-12499 3380 11087 2.033
12500-14999 4092 13424 2.949
15000-17499 4868 15969 5.168
17500-19999 5648 18526 11.177
Fig. 1. Completed onshore oil and gas well costs in year 2003 US$ as a function of depth.
So we are looking at 2003 prices of $3 to $5 million for Para#2 drill and completion costs
- Forums
- ASX - By Stock
- GDN
- 2003 average costs of drilling onshore wells i
2003 average costs of drilling onshore wells i
-
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review