HAYNESVILLE UPDATE—2: North Louisiana drilling costs vary slightly 2007-12

Mark J. Kaiser Yunke Yu Louisiana State University Baton Rouge Well construction costs comprise the largest component of the capital expenditures required in onshore developments, typically ranging 70-90% of total project costs. Thus, the cost to drill and complete wells and the ability to innovate and reduce costs over time are among the primary components in the profitability of onshore plays. This is the second in a series of four articles on the Haynesville shale. Part 1 focused on the decline of Haynesville production over the last 2 years (OGJ, Dec. 2, 2013, p. 62). In this part, we evaluate well construction costs in the Haynesville shale 2007-12 and present detailed cost statisti...

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