| | | I have spent most of my time in offshore and know it fairly well. Can't make the same claim onshore. However, it's still early days of the price collapse and I doubt there's been significant reductions in onshore drilling in the shales. As for actively drilling rig counts from one shale compared to another, I'd have to look at the data to get a clue to be up to date, but it seems to me that what I have seen doesn't reflect much drilling reduction to this point in any of the shales. I don't know how accurate it is, but here's a chart showing break-even costs for every project in the world, and specifically, a chart for US shale field break-even costs, i.e., what it costs per bbl of oil to produce a bbl of oil in the various US shales:
businessinsider.com
Just like any field onshore or off, whether current prices negatively impact drilling activities right now would depend a lot on which field, whether a company's leases are in the heart of the field or the fringes, and a number of other lease and production details that would vary from operator to operator even within the same overall fields.
The cost to make horizontal holes and multi-stage frac them depends on how deep and long the hole is and how many fracs, but the ballpark would be in the $3million to $10 million range and would also be a function of the type of equipment used and how many holes can be drilled from the same pad. |
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