Montney Oil Full Cycle Costs

November 4, 2024

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

Montney oil full-cycle costs at West Texas Intermediate (WTI) equivalent range from a low of USD $47.56/Bbl for wells with an Initial Productivity (IP) greater than 1200 Bbl/d to a high of USD $141.90/Bbl for wells with an IP of under 300 Bbl/d.
Average Operating costs USD $9.59/Bbl while royalties & taxes and overhead are USD $11.92/Bbl.
F&D costs range from USD $8.66-$72.18/Bbl and the 15% producer return ranges from USD $4.20-$35.02/Bbl.
The assumed WTI differential is USD $13.18/Bbl.

Full-Cycle Cost Curve

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Incorrys analysis shows that there is 850 MMBbl of oil resource available below USD $50/Bbl and 1,800 MMBbl available below USD $60/Bbl. Current production (2023) was 51 MBbl/d (18.6 MMBbl/yr).

Montney Basin Location

Montney wells are located from south of Grande Prairie, Alberta north to Dawson creek and extending into BC south of Ft. St. John.

Number of Drilling Locations

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Incorrys estimates that Montney has over 9,000 drilling locations with productivity greater than 300 Bbl/d and 35,500 drilling locations with productivity below 300 Bbl/d.