November 4, 2024

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

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  • Saskatchewan oil full-cycle costs at West Texas Intermediate (WTI) equivalent range from a low of USD $47.28/Bbl for wells with an Initial Productivity (IP) greater than 1200 Bbl/d to a high of USD $86.00/Bbl for wells with an IP of under 300 Bbl/d.
  • Average Operating costs USD $16.71/Bbl  while royalties & taxes and overhead are USD $12.11/Bbl.
  • F&D costs range from USD $3.06-$25.53/Bbl and the 15% producer return ranges from USD $2.22-$18.47/Bbl.
  • The assumed WTI differential is USD $13.18/Bbl.

Full-Cycle Cost Curve

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  • Incorrys analysis shows that there is 300 MMBbl of oil resource available below USD $50/Bbl and 1,250 MMBbl available below USD $60/Bbl.

Saskatchewan Basin Location

  • Saskatchewan oil production includes heavy oil and conventional oil in the western portion of Saskatchewan plus some Bakken production in the southeast.

Number of Drilling Locations

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  • Incorrys estimates that Saskatchewan has only about 1,500 drilling locations with productivity greater than 300 Bbl/d but almost 45,000 drilling locations with productivity below 300 Bbl/d.

See Also:
Clearwater Oil Full Cycle Costs
Cardium Oil Full Cycle Costs
Duvernay Oil Full Cycle Costs
Montney Oil Full Cycle Costs