AFE - Drilling & Completion

Operator: ABC Exploration, LP

Well Name: Example #1-H
Legal:
Contractor: Nabors ???

Prepared By:
Field:
Parish/County:
State:

Tax Rate
Depth:
Days:
Spud Date:

RDR
Expl
Harrison
TX

13,150 '
22
TBA

Well Program
Casing
Conductor
Surface
Intermediate
1st Liner
2nd Liner
Production

Depth
80 '
2,850 '
7,900 '

Drilling Fluid

Formation Evaluation

12 1/4
8 3/4

Casing Size Weight, & Grade

14" 3/8" Wall Welded
9 5/8" 36 ppf J/K-55 STC
7" 29 ppf N-80 BTC

Spud
LSND

None
Triple Combo

6 1/4

4 1/2" 11.6 ppf P-110

13,150 '

LSND

LWD

Days/Units

Drilling Cost

Hole Size

Costs

8300
Item

Code

Item Cost per

Unit

8500
Days/No.

Completion
Cost

Total

Cost

Capitalized Intangible Drilling & Completion Costs

100 Site Preparation & Maintenance
Permits & Surveys
Location, Roads, Pits
Water/Water Well/Plugging
Conductor/Mousehole Installation
Site Restoration & Land Use
Wellsite Security
Roustabouts & Labor

140 Fuel
150 Well Evaluation
Open Hole Logging
Cased Hole Logging
Mud Logging
Core Analysis
Drill Stem Testing
Fluid Analysis
Production Testing

66,000

400
150

22
22

8,800
3,300

4,500

22

99,000
45,900

78,100

25,000
7,500
950

1
22

10,000

35,000

40,000

40,000

1,500
15,000

7,500

500

210 Drill String

81,000

7,500

53,400

7,500

25,000
7,500
20,900

10,000

30,000

10,000

30,000

35,000

105,000

35,000

105,000

15,000

64,000

25,000
20,900

20,000

70,000

49,000

40,000

15,000

7,500
15,000

13,500

115,800

13,500

112,500
3,300

19,000

32,120

1,500

1,500

102,300
22
22

93,100

15,000

99,000

70,000

4,500
150

15,000

8,800
3,300

20,000

200 Equipment Rentals

Shale Shaker
Mud Cleaner
Centrifuge
Transfer Pumps
Steam Cleaners
Wear Bushing
Rentals - Surface
Rentals - Subsurface
PVT/Flo-Show
BOP Rental
Forklift
Hydraulic Choke
Tankage (Frac Tanks)

190 Drilling/Completion Fluids & Services

Fluids & Servcies
Shaker Screens

150,000
407,000

22

180 Drilling Tools

Drill Bits
Core Bits
Stabilizers/Reamers
Performance Motors
Turbines
Shock Subs

557,000

150,000
407,000

3,000

170 Cementing Services

Primary Cementing
Remedial Cementing
Loss Circulation
Squeeze Packers & Cementers
Kick-Off Plugs

557,000
1
22

160 Casing Services

Casing Crews & Rental Tools
Roustabouts & Cleaning
Thread Specialist

7,500
75,000
7,500
25,000
20,000

150,000
18,500

130 Engineering & Supervision

Wellsite Supervision
Engineering & Geology
Rig Supervisor Camp
Communications
Field/Office Supplies

135,000

7,500
75,000
7,500
25,000
20,000

1
1
1
1
1

110 Title Opinion

120 Drilling/Completion Rig
Mob/Demob
Rig Rental
Top Drive & Mousehole
Additional Crew/Oil Base pay

135,000
7,500
75,000
7,500
25,000
20,000

99,000
3,300

13,120
350

2,450

2,450

35

22

770

770

350

22

7,700

7,700

100
4,000
15

22

2,200
4
200

32,500

16,000
3,000

16,000
3,000

32,500

AFE - Drilling & Completion

Drill Pipe
Drill Collars
Drill Pipe Protectors
Inspections & Repair
Corrosion Control

2,500

17,500

17,500

100
7,500

15,000

15,000

220 Environmental

4,400

Solid Waste Disposal

Brine & Water Disposal
Cuttings Haul-off & Disposal
Closed Loop Services
Reserve & Flare Pit Closure
Spill Cleanup

200
750

230 Miscellaneous
240 Specialty Tools & Services

250

22

5,500
86,500

10,000
7,500

7
1

70,000
7,500

3,000
1,500
650
1,000

2
2
22
2

6,000
3,000

Directional & MWD Services

Well Surveying (SS,EMS,Gyro)
Fishing Tools and Services
Sidetrack: Whipstock,Mills,Service
Coring Services
Safety (H2S)
Control Of Well
BOP NU & Testing Services
Wellhead Technician

250 Trucking & Transportation

260 Welding
270 Production Services
Stimulation
Perforating
Wireline Services -BP,cement, lubricators, cranes
Slickline Services
Coil Tubing & Nitrogen Services
Misc. Rental Equipment
Pressure Testing Services
Facilities Construction

300
310
400
500

Contract Labor
Plug and Abandonment
OEE Insurance
Overhead Allocation

22

20

14,300
2,000

10

20,000

2,500
4,500

8,000
91,000

1
1
10
1

3,000
1,500

9,000
4,500

6,500
1,000
1,685,000

20,800
3,000
1,685,000
1,600,000

60,000

60,000

60,000

25,000

25,000

25,000

5,000

27,000

$1,854,500

$3,243,720

4
1,000

13150

52,600

22

22,000

52,600

$1,389,220
8400

8600

275,050
40
21
27

80
2850
8000

411,700

3,200
59,850
212,000

686,750
3,200
59,850
212,000

18
175,000

13150
1

236,700
175,000
50,000
50,000

236,700
175,000
50,000

8000

20,000

30,000

20,000

20,000
10,000

45,000
127,000

60,000
127,000

9,000

27,000

27,000

80,000

80,000

80,000

20,000

20,000

20,000

28,500

28,500

7,500

7,500

Tubing
Pups and cross-overs

120 Subsurface Equipment

10,000
20,000
10,000

10,000

15,000

15,000

150 Miscellaneous Equipment

Surface Lines/Gathering System
Line Pipe
Sucker Rods

Total Tangible Cost

Total Cost
Contengencies
AFE Cost
W.I. Share

20,000

70,000
7,500

110 Production Tubing

Tank Battery
Compressors
Pump Unit & Stuffing Box
Fluid Meters & run
Production Skid - separator, heater treater, de-hy
Treatment Units

4,400
15,000

1,600,000

100 Casing

130 Wellhead Equipment

140 Production Equipment

15,000

Tangible Drilling & Completion Costs

Liner Hanger & Packer

Production Packer, Anchor, Seals, Pump
Cementing Equipment
Gas Lift Mandrels & Valves
Pumps
Bridge Plugs

39,400

200,000

Total Intangible Cost

Conductor Casing
Surface Casing
Protection Casing
1st Drilling Liner
Production Casing
Stim Sleeves and Packers

35,000

4,400

100.00%

21,000

21,000

$300,050

8000

$682,200

$982,250

Drilling
$1,689,270

Completion
$2,536,700

Total
$4,225,970

$1,689,270
$1,689,270

$2,536,700
$2,536,700

$4,225,970
$4,225,970