Insight
2023 tight oil cost inflation: tempering the runup
Report summary
Since our last detailed cost inflation study last year, well cost inflation numbers heading into 2023 from Lower 48 have been estimated. Sustained high commodity prices, geopolitical uncertainty, and constraints on OFS supply chains have driven inflation higher than previous predictions. Margin expansion continues to be pushed by OFS companies in efforts to regain profits to 2014 levels. Limitations to frac fleet and drill rig access, skilled labor and OCTG remain the top hindrances to elevating activity.
Table of contents
- Executive summary
Tables and charts
This report includes 1 images and tables including:
- D&C cost inflation over time – Delaware Wolfcamp example (yearly average)
What's included
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