November 18, 2025

Alberta Deep Basin natural gas full cycle costs at Henry Hub (HH) equivalent range from a low of USD $2.13/Mcf for wells with an Initial Productivity (IP) greater than 18 MMcf/d to a high of USD $6.81/Mcf for wells with an IP of under 3 MMcf/d without taking into account liquids uplift. Average liquids uplift in Alberta Deep Basin is USD $0.37/Mcf. Average Operating costs are USD $0.59/Mcf while royalties & taxes and overhead are USD $0.26/Mcf. F&D costs range from USD $0.22 to $2.76/Mcf and the 15% producer return ranges from USD $0.19 to $2.34/Mcf. The assumed HH differential is USD $ 0.86/Mcf.