1. No category

2015 Well Cost Study
Upcoming Winter Costs - Published October 29, 2014
© 2014 Petroleum Services Association of Canada (PSAC) - Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
Table of Contents
page 1
Introduction
1
Objective
1
Well Information Provided
2
Methodology
3
Winter 2015 Costs
4
Well Summary Table
5
PSAC Area Map
6
Drilling Cost Directory
7
Completion Cost Directory
8
BC1 & BC2 British Columbia
63
AB1 Foothills
85
AB2 Foothills Front
123
AB3 Southeastern Alberta
150
AB4 East Central Alberta
175
AB5 Central Alberta
207
AB6 Northeastern Alberta
220
AB7 Northwestern Alberta
253
SK1 Central Saskatchewan
280
SK2 Southwestern Saskatchewan
305
SK3 Eastern Saskatchewan
324
MB
Manitoba
343
NC
Northern Canada Yukon, Northwest Territories and Nunavut
Well cost data and consulting by N.L. Fisher Supervision & Engineering Ltd.
Schematics by Weatherford Completion Systems
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
1
Introduction
The semi-annual PSAC Well Cost Study has been produced by the Petroleum Services Association of Canada (PSAC) since
1981. N.L. Fisher Supervision & Engineering Ltd. is the official supplier of all well drilling and completion data estimates
for the Study. PSAC would also like to acknowledge Weatherford Completion Systems for providing the downhole
assembly schematics for each well in the Study.
Drilling and completion well costs are being provided in the 2015 Well Cost Study for a list of 53 wells. This selection of
wells is a reflection of current well types along with previously drilled wells which are left in the study for historical
tracking purposes. This accounts for recent operator interests in developmental and exploratory activity, as well as
horizontal, coil tubing, SAGD and natural gas from coal (NGC) drilling activity.
The wells listed in this study reflect wells drilled in western Canada. Each well has been sorted by PSAC area. A summary
table listing all of the “typical wells”, as well as their location, well status, well type and depth is contained on page 4. Some
of the wells are not included in this year’s study due to inactivity in the area. A PSAC area map is provided on page 5.
Objective
The Well Cost Study is a popular tool used by oil and gas company exploration, drilling and completions personnel for
multiple purposes, some of which include:
• Scoping out typical drilling cost estimates and drilling times in new areas
• Benchmarking and comparing budgeted and actual costs
• General planning or forecasting of activity levels
When used in conjunction with the PSAC Canadian Drilling Activity Forecast, the Well Cost Study can help petroleum
service companies determine potential market sizes for drilling and completion products and services, as well as pricing
and activity direction.
Well Information Provided
The following information is supplied for each typical well:
• Well description with drilling and completion assumptions
• Drill and complete AFE
• Detailed drilling estimate
• Detailed completion estimate
• Downhole assembly schematic
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
2
Methodology
Typical Well
Each typical well is named after a known field or major centre in the general vicinity. Well depths, pool names and
approximate locations are also supplied for terms of reference when proposing drilling and completion parameters.
Due to the multiplicity of variables associated with drilling and completion operations, the typical well cost is an
approximation of current prices, based on the experience of N.L. Fisher Supervision & Engineering.
Assumptions
• The estimates were constructed assuming winter drilling operations and includes pricing obtained from
discussions with various service providers.
• Camps were included in remote locations.
Detailed Cost Estimates
Detailed estimates were prepared based on current pricing in the industry and actual experience in the 53 locations.
Terminology has been adjusted in a few instances to more closely describe costs incurred. Discounts in areas of pad
drilling or large shallow gas drilling can vary and should be treated as such.
At the time of writing, prices of various services are fluctuating. Considering that charges vary from supplier to supplier,
the estimates in this document provide the most up-to-date estimate of prices.
AFE Cost Summary Sheet
Each “typical well” AFE Sheet is a summary of the detailed drilling and completion costs provided.
Data Qualifications
Many factors directly impact drilling and completion costs even within a field or typical area, for example, leases
impacted by weather conditions. Costing is therefore at best speculative and should not be taken to represent “actual”
well costs. However, major services such as drilling rigs often set prices for a four-to-five month period. This pricing has
been incorporated into the Study costs.
Factors that may influence well costs may include, but are not limited to:
• Type and size of company or operation
• Sweet or sour production
• Company policy
• Surface conditions
• Company drilling practices
• Well location and nearby infrastructure
• Economic environment
• Drilling program
• Commodity prices
• Mud program
• Developmental or exploratory target
• Evaluation program
• Oil or gas play
• Completion methodology (i.e. dual zones)
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
3
Winter 2015 Costs
Major goods and services influencing the general direction of drilling and completion costs are as follows:
• Construction
• Service rigs
• Trucking/rig moving
• Road and site preparation
• Drilling fluids
• Trucking
• Evaluation/logging
• Cased hole logging and perforating
• Cement and cementing services
• Tubing and attachments
• Casing
• Stimulation
• Drill bits
• Pumping equipment
• Wellsite accommodations
• Wellheads
• Rentals
• Safety services
• Fuel
• Testing
• Land, engineering, supervision and administration
• Rig rates
• Completion costs
• Safety programs
For additional information or comments, please contact:
Peter Cameron
NL Fisher Supervision & Engineering Ltd.
Tel: (403) 266-7478
Email: [email protected]
Website: www.nlfisher.com
For additional information or comments, please contact:
Mark Salkeld, President
Petroleum Services Association of Canada
Tel: (403) 781-7383
Email: [email protected]
Disclaimer:
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, the Petroleum Services Association of
Canada (PSAC), N.L. Fisher Supervision & Engineering Ltd. and Weatherford Completion Systems accept no liability for the contents of this Study.
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
63
Area AB1 Foothills
AB1A
AB1B
AB1C
Burmis - Foothills - Alberta Twp 7 Rge 6 W5M
Cutpick - Foothills - Alberta Twp 60 Rge 7 W6M
Cutpick - Foothills - Alberta Twp 60 Rge 7 W6M
Geology
Production is predominantly gas (sour), with varying levels of gas liquids. The principal zones are the Rundle Group of the Mississippian and
Cretaceous Cardium and Viking sands.
Area Highlights
Area AB1 encompasses the eastern slopes and foothills of the Rocky Mountains in Alberta. Wells drilled here are typically vertical and
some of the deepest in western Canada. These wells are technically challenging, and pose both safety and environmental regulatory
compliance issues. Wellsites are often remote from towns and service and supply centres. The cumulative result is that on a dollar-permetre basis, this is the generally most expensive area to drill in western Canada.
Fort
Nelson
AB6
AB7
Fort
St. John
Fort
McMurray
Grande
Prairie
AB2
SK1
AB5
Edson Edmonton
AB1
r
AB4
Red
Deer
Lloydminster
Provost
Saskatoon
Calgary
AB3
SK2
Lethbridge
Swift
Current
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
64
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
Oil / Gas
Vertical / Horizontal / Directional
Critical H2S (Y/N)
Target Formation
Total Measured Depth (m)
Total Vertical Depth (m)
Oil and Gas Lease (Hectares)
Freehold or Crown Land (F/C)
Drilling Fluid Type
Drilling Fluid Hauled for Disposal
Drill out of Sump (Y/N)
Land Spray While Drilling (Y/N)
Stimulation
Estimated BHT ( Degrees C)
Estimated BHP (kPa)
Wellhead Capacity (kPa)
Gas
D
Y
Wabamun
4500
4000
1.6
C
Invert
Y
N
N
Y
150
35000
35000
Total Days Rig-in to Tear-out
Rig Type/Size
Rig Loads
Rig Move (days)
Rig Transport Distance (km)
Rig Crew (# men)
Extra Men
Rig Fuel (litres/day)
Fuel Cost ($/l)
Camp Required (Y/N)
Camp (# of men)
Camp Loads
Camp Cost
188
Triple
50
4
150
12
1
4500
$0.96
Y
40
8
$7,000
Surface Casing Set Depth (m)
Surface Casing Spec.
Intermediate Casing Set Depth (m)
Intermediate Casing Spec.
Production Casing Set Depth (m)
Production Casing Spec
Production Casing Cementing
Liner Req'd (Y/N)
Liner Set Depth (m)
Openhole Length (m)
Tubing Spec.
Tubing Set Depth (m)
Packer (Y/N)
Packer Set Depth (m)
Packer Type
600
339.7 mm 90.78 kg/m J-55
3340
244.5 mm 79.6 kg/m L-80
4500
177.8 mm 43.20 kg/m L-80
Single
N
0
0
88.9 mm 13.85 kg/m, J-55 SML
4300
Y
4300
N
Drilling Assumptions
Completion Assumptions
Service Rig Size
Single or Multi Zone
Sweet or Sour
Remedial Cementing Req'd (Y/N)
TCP / Underbalanced / Csg Guns
Stimulation Required (Y/N)
Propped Frac or Acid
Type of Frac
Proppant Size and Tonnage
Flow Test Required (Y/N)
Flow Test Duration (days)
Pressure Recorders Required
Move in/Rig up (days)
Rig - Drilling Days (days)
Rig - Final Depth to RR (days)
Rig - Standby Days (days)
Rig - Total Contract Days (days)
Horizontal/Dir Drilling Days (days)
Drilling Rig Boiler Days (days)
Lease Construction Days (days)
Survey Days (days)
Access Road length (km)
Drill Stem Tests (number)
Cores Cut (number)
Service Rig Days (days)
Service Rig Boiler Days (days)
Unit
Unit Cost
8
165
15
0
188
100
188
18
3
5
2
1
10
0
$20,000
$25,000
$20,125
$20,000
$25,000
$12,000
$1,920
$11,000
$5,000
$5,500
$10,000
$15,000
7836
1000
Double
Single
Sour
N
TCP
Y
Acid
N/A
N/A
Y
8
Y
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
65
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
AB1A
ACCT #
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
DRILL AND COMPLETE AFE
DRILLING
ACCT #
Well License / Applications
Surface Lease & Survey
Preparation & Roads
Cleanup
$500
$17,600
$367,100
$180,000
SUB - TOTAL
$565,200
Rig Move
Daywork
Directional Costs
Boiler
Bits
Fuel & Power
Water
Mud & Chemicals
Crew Travel
Camp & Subsistence
$486,000
$4,653,000
$1,200,000
$360,960
$130,000
$812,160
$188,000
$345,625
$65,800
$1,438,200
SUB - TOTAL
$9,679,745
Coring & Analysis
DST & Analysis
Logging
$15,000
$20,000
$39,000
SUB - TOTAL
$74,000
Surface Casing & access.
Cementing - Surface
Intermediate Casing & access.
Cementing - Intermediate
$138,300
$24,000
$903,136
$100,200
SUB - TOTAL
$1,165,636
Equipment Rentals
Transportation and Hauling
Supervision & Consulting
In-house Engineering (Drilling)
Equipment Inspection
Well Insurance
Safety
Environmental Services
Misc. Costs
Overhead
SUB - TOTAL
$2,270,970
$571,000
$497,700
$53,800
$12,600
$18,800
$197,400
$15,000
$1,068,100
$153,500
$4,858,870
Abandonment Cost
$23,100
SUB - TOTAL
$23,100
Total D & A Estimate
$16,366,551
Total Drill and Case Est.
$17,014,801
COMPLETION
Prod. Csg. & Accessories
Cementing - Production
Tubing & Accessories
Wellhead Equipment
Remedial Cementing
Service Rig
Logging (cement bond log)
Slickline/Wireline (Other)
Perforating
Stimulation (Frac or Acid)
Testing / Pressure Surveys
Gas / Liquid Analysis
Transportation
Equipment Rentals
Downhole Tools (intangibles)
Completion Fluids
Snubbing
Nitrogen
Inspection / Safety
Wellsite Supervision
In-house Engineering (Completions)
Other Services
Misc. Costs
Overhead
$488,250
$135,000
$154,714
$30,000
$0
$92,760
$12,000
$24,000
$30,000
$80,000
$44,000
$2,000
$30,000
$22,000
$45,000
$42,000
$0
$0
$15,000
$20,400
$0
$19,000
$46,400
$8,600
Total Casing and Completion Estimate
$1,341,124
Total Drill, Case and Complete Estimate $17,732,675
Assumptions include but not limited to:
Oil / Gas
Vertical / Horizontal / Directional
Critical H2S (Y/N)
Target Formation
Estimated BHT ( Degrees C)
Estimated BHP (kPa)
Single or Multi Zone
Sweet or Sour
Total Days Rig-in to Tear-out
Drill Stem Tests (number)
Cores Cut (number)
Surface Casing Set Depth (m)
Surface Casing Spec.
Production Casing Set Depth (m)
Production Casing Spec
Stimulation Required (Y/N)
Propped Frac or Acid
Type of Frac
Proppant Size and Tonnage
Flow Test Required (Y/N)
Tubing Set Depth (m)
Tubing Spec.
Gas
D
Y
Wabamun
150
35000
Single
Sour
188
2
1
600
339.7 mm 90.78 kg/m J-55
4500
177.8 mm 43.20 kg/m L-80
Y
Acid
N/A
N/A
Y
4300
88.9 mm 13.85 kg/m, J-55 SML
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
66
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
Proposed Well Completion
20
19
Company
Reference
AB1-A Burmis - Foothills
Prepared for
Phone
18
Prepared by
16
Service Centre
Location
Sales Rep
Weatherford
Drawn by
AB1-A
Wabamun
7-6-W5M
Date
TUBULAR
Size
Weight
Grade
Thread
Depth
Casing 1
339.7mm
90.78kg/m
J-55
8 rd
600m
14
Casing 2
244.5mm
79.6kg/m
L-80
8 rd
3340m
17
Casing
Liner 3
177.8mm
127mm
26.78
43.20kg/m
kg/m
L-80
Premium
4400m
4500m
13
Tubing 1
88.9mm
13.84 kg/m
L-80
Premium
Tubing 2
60.3mm
6.99 kg/m
L-80
Premium
15
ITEM
12
11
10
09
08
07
06
05
04
DESCRIPTION
01.
Nisku/ Leduc Perforations
02.
60.3 mm Wireline Re-entry Guide
03.
47.6 mm No-go Landing Nipple
04.
60.3 mm Perforated Pup Joint
05.
47.6 mm Landing Nipple
06.
60.3 mm Pup Joint
07.
47.6 mm Landing Nipple
08.
60.3 mm Pup Joint
09.
60.3 mm Sealbore Tail Pipe Adapter
10.
68.27mm Sealbore Extension
11.
127 mm Permanent Sealbore Packer
12.
68.27 mm Locator Seal Assembly
13.
60.3 mm Pup Joint
14.
47.6 mm Landing Nipple
15.
60.3 mm Tubing as Required
16.
Crossover Sub
17.
88.9 mm Tubing
18.
Heater String Catcher
19.
88.9 mm Tubing as Required
20.
Heater String
03
02
NOTES
Casing is perforated and packer/ tail pipe assembly is set on wireline .
Seal assembly is run on final completion string
01
This document is confidential correspondence between Weatherford and the Customer named in this document
. It may not be reproduced in any form
nor its contents disclosed to anyone other than employees of Weatherford and
/or the named Customer
.
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
67
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
DETAILED DRILLING ESTIMATE
No. of
Units
Unit Type
Cost Per Unit
Predrill and Planning
Lease Acquisition
License Fees
Surveying
Planning and Programs
1.6
1
3
200
Hectares
Each
Days
Hours
$2,600
$500
$5,000
$175
Construction
Road
Location
Lease Maintenance
Lease Cleanup
Bridges / Culverts / Cattle Guards
Standby Equipment
Supervision
Lease Reclamation
Lease Reclamation Supervision
5
18
180
0
6
0
18
18
18
Kms
Days
Days
Days
Each
Days
Days
Days
Days
$5,500
$11,000
$500
$11,000
$5,000
$550
$1,200
$8,800
$1,200
Engineering and Construction
Engineering and Construction
Labour and Equipment
Labour, Materials and Equipment
Labour and Equipment
Grader, Hoe, Cat
Daily Rate incl. Sub and Exp
Labour and Equipment
Daily Rate incl. Sub and Exp
Rig Contract
Rig Move
Rig Permit
Demob / Inter-well Move
Rig-in Set Up Labour
Daywork
Loader
Additional Labour Costs
Camp
CSA
Crew Transportation
Boiler
Fuel
Fuel Storage
Standby
Water and Trucking
50
4
40
8
180
180
180
188
188
188
188
188
0
0
188
Loads
Days
Loads
Each
Days
Days
Days
Crew Days
Days
Each
Days
Days
Days
Days
Days
$3,600
$500
$3,600
$20,000
$25,000
$600
$250
$7,000
$650
$350
$1,920
$4,320
$0
$20,000
$1,000
$300/hr and 8 hr/100km/load
As required by area
$300/hr and 8 hr/100km/load
Move in, set up
Rig rate from Spud to RR w/ drillpipe
Rig loader
Additional crew as required
Camp / hotel including meals etc.
Crew Subsistence Allowance
Crew Truck, Mileage, Bus or Aircraft
Basic rate fuel out
Fuel
Additional fuel storage
Testing, logging, waiting on orders
Water access and supply
188
188
188
188
188
188
188
188
Days
Days
Days
Days
Days
Days
Days
Days
$225
$135
$1,850
$1,615
$800
$300
$3,685
$13
Operations, Services or Equipment
Rentals
Wellsite Trailer(s)
Sump Pump(s)
Surface Equipment
Solids Control Equipment
High Speed Mixer(s)
Tank Rental
Downhole Tool Rentals
Drill string
#
4
1
1
2
1
1
1
80
Drilled and
Abandoned
Drilled and
Cased
$2,600
$500
$15,000
$35,000
$53,100
$2,600
$500
$15,000
$35,000
$53,100
$27,500
$198,000
$90,000
$0
$30,000
$0
$21,600
$158,400
$21,600
$547,100
$27,500
$198,000
$90,000
$0
$30,000
$0
$21,600
$158,400
$21,600
$547,100
$180,000
$2,000
$144,000
$160,000
$4,500,000
$108,000
$45,000
$1,316,000
$122,200
$65,800
$360,960
$812,160
$0
$0
$188,000
$8,004,120
$180,000
$2,000
$144,000
$160,000
$4,500,000
$108,000
$45,000
$1,316,000
$122,200
$65,800
$360,960
$812,160
$0
$0
$188,000
$8,004,120
Well site Unit rental
$169,200
Centrifugal pump rental
$25,380
Garbage bin, Pumps, Pason, Invert acc, etc $347,800
Cenrtiguge(s), BOS tank etc
$607,240
High speed mixer, pill tank, lines
$150,400
Floc, Flare, 400 bbl tank etc
$56,400
Perf Motors, subs, jars, stabilizers etc
$692,780
HWDP, Small inch drillpipe, etc.
$195,520
$2,244,720
$169,200
$25,380
$347,800
$607,240
$150,400
$56,400
$692,780
$195,520
$2,244,720
Comments and Detail
Surface Lease Entry
Per Well Fee
Site and Plan
Engineering and Programming
continued next page
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
68
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
DETAILED DRILLING ESTIMATE (continued)
No. of
Units
Unit Type
Cost Per Unit
2
7
5
0
250
500
125
2
1
3900
5
10
188
100
188
165
500
165
3
3
Each
Each
Each
Each
Cubic metre
Cubic metre
Days
Each
Each
m MD
Each
Each
Days
Days
Days
Days
Cubic metre
Days
Each
Each
$5,000
$10,000
$10,000
$10,000
$45
$475
$775
$10,000
$15,000
$10
$750
$1,500
$1,050
$12,000
$1,500
$1,600
$50
$1,650
$2,500
$4,200
Casing and Cementing
Surface Casing
Attachments and Accessories
Tongs
Cement and Service
600
60
600
600
Metres
Each
Metres
Metres
$220
$25
$8
$40
339.7 mm 90.78 kg/m J-55
Scratchers, centralisers, float equip
Crew and Equipment
Pumping, tonnage, additives
$132,000
$1,500
$4,800
$24,000
$132,000
$1,500
$4,800
$24,000
Intermediate Casing
Attachments and Accessories
Tongs
Cement and Service
3340
334
3340
3340
Metres
Each
Metres
Metres
$263
$25
$5
$30
244.5 mm 79.6 kg/m L-80
Scratchers, centralisers, float equip
Crew and Equipment
Pumping, tonnage, additives
$878,086
$8,350
$16,700
$100,200
$878,086
$8,350
$16,700
$100,200
Production Casing
Attachments and Accessories
Tongs
Cement and Service
4500
450
4500
4500
Metres
Each
Metres
Metres
$100
$25
$6
$30
177.8 mm 43.20 kg/m L-80
Scratchers, centralisers, float equip
Crew and Equipment
Pumping, tonnage, additives
Liner
Attachments and Accessories
Tongs
Cement and Service
Abandonment Cement
Cement Plug Logging
0
0
0
0
2
2
Metres
Each
Metres
Metres
Plugs
Plugs
$0
$0
$0
$0
$6,300
$5,250
N/A
Scratchers, centralisers, float equip
Crew and Equipment
Pumping, tonnage, additives
Pumping, tonnage, additives
Run plug logs, all in
$0
$0
$0
$0
$0
$0
$0
$0
$0
$12,600
$10,500
$1,188,736
$450,000
$11,250
$27,000
$135,000
$0
$0
$0
$0
$0
$0
$0
$1,788,886
188
125
125
188
188
Days
Days
Days
Each
Days
$1,650
$1,500
$210
$100
$100
Drilling consultant rate all in
Geological consultant rate all in
Gas detector etc
Drilling insurance
$310,200
$187,500
$26,250
$18,800
$18,800
$561,550
$310,200
$187,500
$26,250
$18,800
$18,800
$561,550
Subtotal
Contingency @ 5 %
Miscellaneous @ 2 %
Overhead on Subtotal @ 3,2,1
$15,152,451
$757,600
$303,000
$153,500
$15,752,601
$787,600
$315,100
$159,500
Total Cost Estimate
$16,366,551
$17,014,801
Operations, Services or Equipment
Service and Supplies
Bits - Surface Hole
Bits - Intermediate Hole
Bits - Main Hole
Bits - Openhole
Surface Mud and Chemicals
Main Mud and Chemicals
Mud Logging
Drill Stem Tests
Cores Cut
Electric Logging
Environmental Services
Drilling Waste Management
Safety
Directional Drilling Services
Trucking
Fluid and/or Cuttings Hauling
Fluid and/or Cuttings Disposal
Vacuum Truck (LSWD)
Welding
Inspection and Repair
Supervision and Administration
Drilling Supervisor
Well Site Geologist
Geological Rentals
Insurance
Communications
#
0
1
1
1
0
1
1
Drilled and
Abandoned
Drilled and
Cased
Bit(s) required to drill surface hole
$10,000
Bit(s) required to drill intermediate hole
$70,000
Bit(s) required to drill main hole
$50,000
N/A
$0
Cost per cubic metre water out
$11,250
Cost per cubic metre Invert out
$237,500
Daily rate - crew plus costs
$96,875
Unit, crew, analysis, samples
$20,000
Equipment, crew, analysis
$15,000
Cost per m logged all in
$39,000
Spray field sampling, reporting, etc
$0
Cost per fluid samples and analysis
$15,000
Daily Rate Crew and Equipment
$197,400
Daily rate all in crews and tools
$1,200,000
Equipment and tool trucking
$282,000
Fluid hauling other than water
$264,000
Drilling fluid hauled for disposal
$25,000
Cost per day for Vac Truck
$0
Cost per well
$7,500
Cost per well
$12,600
$2,553,125
$10,000
$70,000
$50,000
$0
$11,250
$237,500
$96,875
$20,000
$15,000
$39,000
$0
$15,000
$197,400
$1,200,000
$282,000
$264,000
$25,000
$0
$7,500
$12,600
$2,553,125
Comments and Detail
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
69
PSAC 2015 Well Cost Study – Upcoming Winter Costs – published October 29, 2014
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
Operations, Services or Equipment
Completion and Testing
Wellhead
Tubing
Packers, Plugs, Retainers
Service Rig
Boiler
CSA
Crew Transportation
Hauling and Trucking
Vacuum Truck
Water and Trucking
Completion Fluids and Chemicals
Surface Equipment Rentals
Downhole Equipment Rentals
Cased Hole Logs
Perforating and Logging
Wireline
Remedial Cementing
Stimulation
Completions Supervisor
Inspection / Safety
Environmental
Lease and Road Maintenance
Production Test
Fluids Analysis
Snubbing
Nitrogen
#
DETAILED COMPLETION ESTIMATE
No. of
Units
Unit Type
Cost
Per Unit
1
4300
1
10
0
10
10
10
10
10
160
1
1
1
1
4
0
1
12
10
2
10
8
4
0
0
Each
Each
Each
Day
Day
Day
Day
Day
Day
Day
Cubic Metre
Each
Each
Each
Each
Runs
Each
Each
Day
Each
Each
Day
Day
Each
Day
Cubic Metre
$30,000
$36
$45,000
$7,836
$1,000
$1,140
$300
$3,000
$1,200
$1,000
$200
$12,000
$10,000
$12,000
$30,000
$6,000
$15,000
$80,000
$1,700
$1,500
$1,000
$500
$5,500
$500
$7,500
$3
Comments and Detail
Type and accessories
88.9 mm 13.85 kg/m, J-55 SML
Anchors, packers, profiles, nipples etc
Daily rig rate all in
Basic day rate fuel in
Subsistence and accommodation
Mileage, bus or air
Tubing and other equipment
Rig days plus prod test days
Water access and supply
Reformate, KCl, MeOH
Rotating heads, frac heads etc
mud motors, packers, frac strings
CBL etc.
TCP/Csg guns
Gauge ring, run and pull recorders
Includes perforating, D/H tools etc
Acid
Daily rate all in
Environmental, operational, government
Technician
Crew and Equipment
Includes equipment, crews and analysis
Oil, gas and water
Unit and Crews
Subtotal Completion
Contingency @ 5 %
Miscellaneous @ 2 %
Overhead on Subtotal @ 3,2,1
Total Completion Estimate
Total Drill, Case and Complete Estimate
© 2014 Petroleum Services Association of Canada (PSAC) — Reproduction rights reserved. Nothing herein may be reprinted in part or in whole without explicit permission from PSAC.
While all reasonable effort is made to ensure the quality of the source of data and the accuracy of this report, PSAC, N.L. Fisher Supervision & Engineering Ltd. and
Weatherford Completion Systems accept no liability for the contents of this Study.
Drilled and
Completed
$30,000
$154,714
$45,000
$78,360
$0
$11,400
$3,000
$30,000
$12,000
$10,000
$32,000
$12,000
$10,000
$12,000
$30,000
$24,000
$0
$80,000
$20,400
$15,000
$2,000
$5,000
$44,000
$2,000
$0
$0
$662,874
$33,100
$13,300
$8,600
$717,874
$17,732,675