November 1, 2024

Uinta oil full cycle costs at West Texas Intermediate (WTI) equivalent.

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  • Uinta oil full-cycle costs at West Texas Intermediate (WTI) equivalent range from a low of USD $49.69/Bbl for wells with an Initial Productivity (IP) greater than 1800 Bbl/d to a high of USD $221.63/Bbl for wells with an IP of under 300 Bbl/d.
  • Average Operating costs USD $16.03/Bbl while royalties & taxes and overhead are USD $18.02/Bbl.
  • F&D costs range from USD $8.21-$101.23/Bbl and the 15% producer return ranges from USD $6.96-$85.89/Bbl.
  • The assumed WTI differential is USD $0.46/Bbl.

Full Cycle Cost Curve

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  • Incorrys analysis shows that there is 1,500 MMBbl of oil resource available below USD $50/Bbl and 5,200 MMBbl available below USD $60/Bbl. Current production (2023) was 130 MBbl/d (47.5 MMBbl/yr).

Uinta Basin Location

  • Uinta is located in Utah.

Number of Drilling Locations

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  • Incorrys estimates that Uinta has almost 15,000 drilling locations with initial productivity above 300 Bbl/d and just over 10,000 drilling locations with initial productivity below 300 Bbl/d.

See Also:
Permian Oil Full Cycle Costs
Denver-Julesburg (DJ) and Powder River Oil Full Cycle Costs
Eagle Ford Oil Full Cycle Costs
Williston Oil Full Cycle Costs
Anadarko Oil Full Cycle Costs