Duvernay Oil Full Cycle Costs

November 4, 2024

Duvernay oil full cycle costs at West Texas Intermediate (WTI) equivalent range by initial productivity (IP) and cost component.

Duvernay oil full-cycle costs at West Texas Intermediate (WTI) equivalent range from a low of USD $55.04/Bbl for wells with an Initial Productivity (IP) greater than 1200 Bbl/d to a high of USD $202.17/Bbl for wells with an IP of under 300 Bbl/d.
Average Operating costs USD $10.14/Bbl while royalties & taxes and overhead are USD $11.66/Bbl.
F&D costs range from USD $13.35-$111.22/Bbl and the 15% producer return ranges from USD $6.72-$55.97/Bbl.
The assumed WTI differential is USD $13.18/Bbl.

Full-Cycle Cost Curve

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Incorrys analysis shows that there no oil resource available below USD $50/Bbl and 1,600 MMBbl available below USD $60/Bbl. Current production (2023) was 5 MBbl/d (1.8 MMBbl/yr).

Duvernay Basin Location

Duvernay wells are located wells are located southeast of Grande Prairie, Alberta extending as far south as Edmonton and Red Deer.

Number of Drilling Locations

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Incorrys estimates that Duvernay has over 9,000 drilling locations with productivity greater than 300 Bbl/d and almost 14,700 drilling locations with productivity below 300 Bbl/d.