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Drilling and Abandonment Cost per Meter
(D & A cost/m) |
The average cost per meter to drill and abandon a given well. Drilling and abandonment costs are assigned to each well event based on the play to which they correspond. Play costs are calculated from a variety of industry sources including the PSAC Well Cost Study. See Cost Data. |
Drilling and Completion Cost per Meter
(
D & C cost/m) |
The average cost per meter to drill and complete a given well. Drilling and completion costs are assigned to each well event based on the play to which they correspond. Play costs are calculated from a variety of industry sources including the PSAC Well Cost Study. See Cost Data. |
| Cost ($) |
Depending on the class of the well, the total cost is calculated by taking the D&A cost/m or the D&C cost/m and multiplying by the total depth of the well. |
| Cost per BOE ($/boe) |
The total drilling costs for the well divided by the total reserve expectations (i.e. ultimate recoverable reserves). |
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