Professional Documents
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2015 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 Summer Costs published April 30, 2015
Table of Contents
page 1
Introduction
Objective
Methodology
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AB1 Foothills
86
124
151
176
208
221
253
281
306
325
MB
Manitoba
Well cost data and consulting by N.L. Fisher Supervision & Engineering Ltd.
Schematics by Weatherford Completion Systems
2015 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 Summer Costs published April 30, 2015
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 51 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
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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 years 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.
2015 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 Summer Costs published April 30, 2015
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 summer drilling operations and includes pricing obtained from
discussions with various service providers.
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Detailed estimates were prepared based on current pricing in the industry and actual experience in the 51 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
Company policy
Surface conditions
Economic environment
Drilling program
Commodity prices
Mud program
Evaluation program
2015 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 Summer Costs published April 30, 2015
Trucking/rig moving
Drilling fluids
Trucking
Evaluation/logging
Casing
Stimulation
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Construction
Drill bits
Pumping equipment
Wellsite accommodations
Wellheads
Rentals
Safety services
Fuel
Testing
Rig rates
Completion costs
Safety programs
Email: pcameron@nlfisher.com
Website: www.nlfisher.com
Email: msalkeld@psac.ca
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.
2015 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 Summer Costs published April 30, 2015
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Tuktoyatuk
YT
Whitehorse
NT
NU
Yellowknife
BC2
Fort
Nelson
AB6
AB7
Fort
St. John
Fort
McMurray
Grande
Prairie
BC3
BC1
AB2
SK1
AB5
SK3
St. John's
NL
MB
Edmonton
AB4
AB1
Vancouver
Red
Deer
ON
Saskatoon
QC
NB
Calgary
AB3
Victoria
Lloydminster
SK2
PE
Charlottetown
Fredericton
Regina
Quebec
Lethbridge Swift
Current
Winnipeg
Thunder Bay
NS
Halifax
Montreal
Ottawa
Toronto
BC1
BC2
BC3
AB1
AB2
AB3
AB4
AB5
AB6
AB7
SK1
SK2
SK3
MB
ON
QC
EC
NC
Central Saskatchewan
Southwestern Saskatchewan
Eastern Saskatchewan
Manitoba
Ontario
Quebec
Eastern Canada
NB New Brunswick
NS Nova Scotia
PE
Prince Edward Island
NL
Newfoundland & Labrador
Northern Canada YT
Yukon
NT Northwest Territories
NU Nunavut
2015 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 Summer Costs published April 30, 2015
CATEGORY
License Fees
Lease Acquisition
Surveying
Total Construction Cost - Lease Clean-Up
Lease Clean-up
Lease Clean-up
Rig Move
Rig Permit Rig Contract
Demob / Interwell Move
Rig-in / Tear-out Labour
Daywork
Additional Labour Costs
Standby
Directional Drilling Services
Boiler
Bits - Surface Hole
Bits - Intermediate Hole
Bits - Main Hole
Bits - Openhole
Fuel
Fuel Storage
Water and Trucking
Surface Mud and Chemicals
Main Mud and Chemicals
Mud Logging
Crew Transportation
Crew Subsistence
CSA Extra Crew
Cores Cut
Drill Stem Tests
Electric Logging
Surface Casing
Attachments and Accessories
Tongs
Cement and Service
Intermediate Casing
Attachments and Accessories
Tongs
Cement and Service
Wellsite Trailer(s)
Sump Pump(s)
Surface Equipment
Solids Control Equipment
High Speed Mixer(s)
Tank Rental
Downhole Tool Rentals
Geological Rentals
Trucking and Hauling
Fluid Hauling
Vacuum Truck and Disposal
Drilling Supervisor
Well Site Geologist
Planning and Programs
Communications
Inspection and Repair
Insurance
Safety
Waste Management
Welding
Contingency @ 5%
Miscellaneous @ 2%
Overhead on Subtotal @ 3,2,1
Abandonment Cement
Cement Plug Logging
Daywork
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Directional Costs
Boiler
Bits
Water
Mud & Chemicals
Crew Travel
Camp & Subsistence
Cementing - Surface
Intermediate Casing & access.
Cementing - Intermediate
Equipment Rentals
Transportation
Overhead
Abandonment Cost
2015 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 Summer Costs published April 30, 2015
Cementing - Production
Tubing & Accessories
Wellhead Equipment
Remedial Cementing
Service Rig
Tubing
Wellhead
Remedial Cementing
Service Rig
Boiler
CSA
Crew Transportation
Cased Hole Logs
Wireline
Perforating and Logging
Stimulation
Production Test
Fluids Analysis
Hauling and Trucking
Surface Equipment Rentals
Downhole Equipment Rentals
Packers, Plugs, Retainers
Water and Trucking
Completion Fluids and Chemicals
Snubbing
Nitrogen
Inspection / Safety
Completions Supervisor
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DETAILED COMPLETION
ESTIMATE SHEET
Snubbing
Nitrogen
Inspection / Safety
Wellsite Supervision
In-house Engineering (Completions)
Other Services
Misc. Costs
Overhead
Vacuum Truck
Environmental
Lease and Road Maintenance
Contingency @ 5%
Miscellaneous @ 2%
Overhead on Subtotal @ 3,2,1
2015 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 Summer Costs published April 30, 2015
64
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
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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
AB4
Red
Deer
Lloydminster
Provost
Saskatoon
Calgary
AB3
SK2
Lethbridge
Swift
Current
2015 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 Summer Costs published April 30, 2015
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
Gas
D
Y
Wabamun
4500
4000
1.6
C
Invert
Y
N
N
Y
150
35000
35000
188
Triple
50
4
150
12
1
4000
$0.75
Y
40
8
$7,000
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
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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)
Drilling Assumptions
Completion Assumptions
Unit
Unit Cost
8
165
15
0
188
100
0
18
3
5
2
1
10
0
$14,800
$18,500
$20,125
$14,800
$18,500
$9,500
$1,920
$10,000
$4,000
$5,000
$10,000
$15,000
6480
1000
Double
Single
Sour
N
TCP
Y
Acid
N/A
N/A
Y
8
Y
2015 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.
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PSAC 2015 Well Cost Study Upcoming Summer Costs published April 30, 2015
AB1A
ACCT #
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
DRILLING
ACCT #
$500
$14,600
$343,000
$162,000
SUB - TOTAL
$520,100
$444,400
$3,465,000
$950,000
$0
$130,000
$564,000
$159,800
$346,875
$65,800
$1,438,200
SUB - TOTAL
$7,564,075
$443,250
$112,500
$137,600
$30,000
$0
$75,300
$10,200
$20,400
$25,500
$68,000
$34,000
$2,000
$27,000
$18,700
$38,250
$34,600
$0
$0
$15,000
$17,400
$0
$17,300
$40,000
$7,700
$1,174,700
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Rig Move
Daywork
Directional Costs
Boiler
Bits
Fuel & Power
Water
Mud & Chemicals
Crew Travel
Camp & Subsistence
COMPLETION
$15,000
$20,000
$33,150
SUB - TOTAL
$68,150
$129,300
$18,000
$860,050
$73,480
SUB - TOTAL
$1,080,830
Equipment Rentals
Transportation and Hauling
Supervision & Consulting
In-house Engineering (Drilling)
Equipment Inspection
Well Insurance
Safety
Environmental Services
Misc. Costs
Overhead
SUB - TOTAL
$1,952,310
$571,000
$432,000
$54,800
$12,600
$18,800
$169,200
$15,000
$881,800
$126,900
$4,234,410
Abandonment Cost
$23,100
SUB - TOTAL
$23,100
$13,490,665
$14,065,815
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
2015 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 Summer Costs published April 30, 2015
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
20
19
Company
Reference
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
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15
ITEM
12
11
10
09
08
07
06
05
04
DESCRIPTION
01.
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
15.
16.
Crossover Sub
17.
88.9 mm Tubing
18.
19.
20.
Heater String
03
02
NOTES
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
.
2015 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 Summer Costs published April 30, 2015
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
No. of
Units
Unit Type
1.6
1
3
200
Hectares
Each
Days
Hours
$2,600
$500
$4,000
$180
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
$5,000
$10,000
$500
$10,000
$5,000
$550
$1,000
$8,000
$1,000
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
0
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
$14,800
$18,500
$500
$250
$7,000
$650
$350
$1,920
$3,000
$0
$14,800
$850
188
188
188
188
188
188
188
188
Days
Days
Days
Days
Days
Days
Days
Days
$185
$125
$1,800
$1,375
$675
$205
$3,150
$10
Drilled and
Abandoned
Drilled and
Cased
$2,600
$500
$12,000
$36,000
$51,100
$2,600
$500
$12,000
$36,000
$51,100
$25,000
$180,000
$90,000
$0
$30,000
$0
$18,000
$144,000
$18,000
$505,000
$25,000
$180,000
$90,000
$0
$30,000
$0
$18,000
$144,000
$18,000
$505,000
$180,000
$2,000
$144,000
$118,400
$3,330,000
$90,000
$45,000
$1,316,000
$122,200
$65,800
$0
$564,000
$0
$0
$159,800
$6,137,200
$180,000
$2,000
$144,000
$118,400
$3,330,000
$90,000
$45,000
$1,316,000
$122,200
$65,800
$0
$564,000
$0
$0
$159,800
$6,137,200
$139,120
$23,500
$338,400
$517,000
$126,900
$38,540
$592,200
$150,400
$1,926,060
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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
2015 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 Summer Costs published April 30, 2015
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost Estimate
No. of
Units
Unit Type
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
$50
$475
$775
$10,000
$15,000
$9
$750
$1,500
$900
$9,500
$1,500
$1,600
$50
$1,400
$2,500
$4,200
600
60
600
600
Metres
Each
Metres
Metres
$205
$25
$8
$30
Intermediate Casing
Attachments and Accessories
Tongs
Cement and Service
3340
334
3340
3340
Metres
Each
Metres
Metres
Production Casing
Attachments and Accessories
Tongs
Cement and Service
4500
450
4500
4500
Liner
Attachments and Accessories
Tongs
Cement and Service
Abandonment Cement
Cement Plug Logging
Drilled and
Abandoned
Drilled and
Cased
$10,000
$70,000
$50,000
$0
$12,500
$237,500
$96,875
$20,000
$15,000
$33,150
$0
$15,000
$169,200
$950,000
$282,000
$264,000
$25,000
$0
$7,500
$12,600
$2,270,325
$10,000
$70,000
$50,000
$0
$12,500
$237,500
$96,875
$20,000
$15,000
$33,150
$0
$15,000
$169,200
$950,000
$282,000
$264,000
$25,000
$0
$7,500
$12,600
$2,270,325
$123,000
$1,500
$4,800
$18,000
$123,000
$1,500
$4,800
$18,000
$250
$25
$5
$22
$835,000
$8,350
$16,700
$73,480
$835,000
$8,350
$16,700
$73,480
Metres
Each
Metres
Metres
$90
$25
$6
$25
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
$1,103,930
$405,000
$11,250
$27,000
$112,500
$0
$0
$0
$0
$0
$0
$0
$1,636,580
188
125
125
188
188
Days
Days
Days
Each
Days
$1,500
$1,200
$210
$100
$100
$282,000
$150,000
$26,250
$18,800
$18,800
$495,850
$282,000
$150,000
$26,250
$18,800
$18,800
$495,850
Subtotal
Contingency @ 5 %
Miscellaneous @ 2 %
Overhead on Subtotal @ 3,2,1
$12,489,465
$624,500
$249,800
$126,900
$13,022,115
$651,100
$260,400
$132,200
$13,490,665
$14,065,815
SA
M
PL
E
0
1
1
1
0
1
1
2015 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.
70
PSAC 2015 Well Cost Study Upcoming Summer Costs published April 30, 2015
AB1A
Burmis - Foothills
Alberta Twp 7 Rge 6 W5M
Well Cost 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
$32
$38,250
$6,480
$1,000
$750
$300
$2,700
$1,080
$900
$160
$10,200
$8,500
$10,200
$25,500
$5,100
$15,000
$68,000
$1,450
$1,500
$1,000
$450
$4,250
$500
$7,500
$3
SA
M
PL
E
Subtotal Completion
Contingency @ 5 %
Miscellaneous @ 2 %
Overhead on Subtotal @ 3,2,1
Total Completion Estimate
2015 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
$137,600
$38,250
$64,800
$0
$7,500
$3,000
$27,000
$10,800
$9,000
$25,600
$10,200
$8,500
$10,200
$25,500
$20,400
$0
$68,000
$17,400
$15,000
$2,000
$4,500
$34,000
$2,000
$0
$0
$571,250
$28,600
$11,400
$7,700
$618,950
$14,684,765