November 14, 2024

The chart shows North American Oil and Lease Condensate full cycle cost vs. resources for all major producing basins in US (Permian, Williston, Niobrara, Eagle Ford, Anadarko and Unita), as well as Canadian plays – exclusive of Oil Sands.

Alaska, Gulf of Mexico, Appalachian, South Texas, Canada East Offshore* and California are also excluded as they are not growth basins.

Each US basin has 7 data points associated with 7 well productivity ranges (from 0 to 300 Bbl/d, from 300 to 600 Bbl/d, etc.).

Incorrys estimates resources and full cycle cost for each data point in each basin.

Each Canadian play has up to 5 data points associated with 5 well productivity ranges.

The resource cost curve has 106 data points in total.

The resource cost curve shows North America has 88,000 MMBbl of oil and condensate potential with full cycle cost less than USD$50/Bbl and 124,000 MMBbl with full cycle cost at or below USD$60/Bbl.