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
Offshore costs outlook H2 2024: inflation is easing despite supply constraints
Short-term cost inflation outlook
$1,350
Asset Report
Canadian Deep Basin key play
Detailed analysis of Canada Deep Basin production, well design, well costs, well performance, economics and operator strategy.
$22,800
Insight
Powder River basin: the final water frontier
Activity in Powder River basin (PRB) continues to hold up; produced water will become an increasingly important factor for operators.
$1,350
