Insight
2024 tight oil costs: the push and pull between efficiency and OFS rates
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Well costs are expected to decline 10% in 2024 and 1% in 2025 after peaking in 2023. Declining prices for OCTG, proppant and diesel, along with substantial drilling and completion efficiency gains, are pushing costs lower. However, continued cost reduction must come from additional efficiency improvements as OFS pricing is unlikely to fall much more.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Rebuilding Venezuela’s upstream sector: where optimistic ambitions meet harsh realities
The US’ push for radical change is strong but Venezuela has suffered from years of underinvestment, rising costs and operational decay.
$1,350
Asset Report
Whitecap Saskatchewan
Whitecap Resources is a light and medium oil-focused producer with properties across Alberta, British Columbia and Saskatchewan.
$3,720
Asset Report
Yucal-Placer
Yucal-Placer is a large dry gas field that is strategically located close to markets in the Caracas area. The field was discovered in ...
$3,720
