ADI Analytics is currently working on a study focused on identifying opportunities to further reduce unconventional costs. Specifically, we are focused on identifying the role of new technology, innovation, and best practices. This work will build on ADI Analytics’ extensive prior experience in evaluating and benchmarking upstream drilling and completion costs for both conventional and unconventional resources. Some of our work in this area was presented recently at the PROPEL Energy Tech Forum in Calgary in March 2016.
To that end, we are inviting operators to share any data on this topic. So far, operators have shared data on more than 50 wells. However, we welcome additional data to help us build a more representative set of analyses. Specifically, we are interested in cost data or authorizations for expenditure (AFEs) from 2010 through 2015 for wells in a specific play or basin. Any basic well information regarding well depth, lateral lengths, stages, and initial productivity for each of those wells would also be helpful. Ideally, we would like to get cost data or AFEs for wells in the same area within a play or basin but can do with whatever is readily available. It would be acceptable to remove any material that would identify operator(s) or other business confidential material from the data or AFEs shared.
All individual data sets will be kept confidential. Our report will contain data, analyses, and insights in an aggregated and anonymized fashion with no attribution to any entity sharing data.
All participants will receive a copy of our report. ADI Analytics would be happy to discuss signing a confidentiality agreement that governs the use of data shared with us. For more information, please contact info@adi-analytics.com.