AFE Cost Summary

Well Name:

Example

Field:
TD:

ABC
6900 ft

Drilling Contractor:
15

Drilling Days:

Completion
Days:

INTANGIBLE COSTS
Item/Description

Dry Hole Cost Completion

Cost
Total Cost

License/Fees

10,000

Insurance

20,000

Engineering and Planning

10,000

Location

100,000

Road

225,000

Maintenance

1,600

Site Cleanup

3,200

Standby Equipment

4,700

Supervision

2,300

Permits

30,000

9
10
11

Rig mobilization & demobilization (incl. labor)

88,800

12

Rig up/move out Labor

22,000

13

Contract drilling (footage)

14

Contract drilling (day rate--contractor's drill pipe)

285,000

15

Completion daywork

16

Crew

27,000

17

Crew (extra)

800

18

Crew transportaion

2,000

19

Contract labor

Camp and communications

20,000

Fuel

23,000

22

Standby

37,000

23

Water and trucking

26,000

24 Solids control equipment

6,600

25 Tanks

7,500

20
21

26 Well control equipment not included with rig

27 Other surface equipment
28 Drill pipe and drill collars
29 Stabilizers, reamers, hole openers, scrapers, subs
30 Open hole surveys

8,300

18,700

21,000

26,500

31 Directional drilling tools and services

32 Bits
a

24 inch

20 inch

17.5 inch

14.75 inch

12.25 inch

9.875 inch

23,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

10,000
20,000
10,000
100,000
225,000
1,600
3,200
4,700
2,300
30,000
88,800
22,000
285,000
23,000
27,000
800
2,000
20,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

23,000
37,000
26,000
6,600
7,500
8,300
18,700
21,000
26,500
-

AFE Cost Summary

g

8.5, 8.75 inch

7.875inch

6.25 inch

5.875 inch

4.75 inch

15,000

33 Drilling mud services and materials: conductor, surface hole

34 Drilling mud services and materials: intermediate hole

38,000

170,000

35 Drilling mud services and materials:production hole

36 Completion fluid and services

348,000

37 Data recording equipment

38 Fishing tool rentals and services:

1,500

39 Mud logging equipment and services

40 Open hole logging equipmnt and services

13,000

245,000

41 Coring and core analysis

42 Drillstem testing, production testing equipment and services

53,500

50,000

43 Fluid sampling and analysis

44 Casing crew and equipment:

12,500

7,500

15,000

25,000

12,200

45 Primary cementing materials and services:

Conductor casing:
a
b

Surface casing:

Intermediate casing:

22,500

Production casing/liner:

22,500

46 Plugback and remedial cementing materials and services:

47 Cased hole logging and perforatiing

22,400

48 Slickline services
49 Sand control equipment and services:

3,900

50 Stimulation treatment (acidizing):

51 Stimulation treatment (hydraulic fracturing):

50,000
4,000

52 Environmental, safety and H2S services:

53 Transportation: Vacuum trucking & Disposal

6,000

40,500

4,500

5,500

3,000

54 Transportation: Freight and Materials

55 Unclassified tool rental and drayage:
56 Unclassified drayage and supplies:
57 Unclassified services and materials:

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

15,000
38,000
170,000
348,000
25,000
1,500
13,000
245,000
53,500
62,200
12,500
7,500
15,000
22,500
22,500
22,400
3,900
50,000
10,000
45,000
5,500
-

Other intangible costs

58 Company labor, supervision and engineering:

120,000

59 G & A (5% of Items 1-58 total):

104,375

60 Contingency (10% of Items 1-58 total):

220,750

61 TOTAL INTANGIBLE COST (Items 1-60 total):

2,532,625 $

$ 123,000
$ 111,900
15,350 $
236,100
176,375 $ 2,709,000
7,525

TANGIBLE COSTS:
Item/Description

Dry Hole Cost

62 Tubular Goods:
a

Conductor Csg

8,600

Surface Csg:

32,200

Intermediate Csg:

187,000

Production Csg:

162,200

Production Liner:

Completion
Cost

Total Cost

8,600

32,200

$
$
$

187,000
162,200
-

AFE Cost Summary

f

Production Tbg.:

50,000

52,500

67 Items 62-66 Subtotal:

492,500

68 Unclassified materials and Contingency (5% of Items 62-66)

24,625

63 Casing Accessories:
64 Wellhead Equipment:
65 Packers and Tubing Accessories:
66 Surface Lines, Hydraulics & Control Equipment:

69 Total Tangible Costs (Items 67+68):

70 TOTAL COST, TANGIBLE + INTANGIBLE (Items 61+69):

$
$
$
$
$
- $
- $

517,125

3,049,750

176,375

50,000
52,500
492,500
24,625
517,125
3,226,125