A hedonic cost study of well drilling and completion costs in Western Canada / by Andy Baldwin.: CS26-0002/2000E-PDF
"Exploratory and development drilling constitutes an important component of expenditures on non-residential construction in Canada, and particularly in Western Canada, where the majority of activity is located. Therefore, it is important that changes in drilling costs be measured precisely so that changes in the volume of activity can be distinguished from changes in spending due to cost pressures. This paper uses the Well Cost Studies for 1994 and 1995 to perform hedonic cost regressions for Western Canada over this period. It was found that drilling costs increase disproportionately with depth, although the hypothesis that drilling costs increase proportionately with depth could not be rejected. Sour wells are significantly more expensive to drill than sweet wells. The northern part of B.C. and Alberta and the foothills region were found to be the most expensive areas to drill in, southwestern Saskatchewan the least expensive."--p. 1.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.831541&sl=0
| Department/Agency | Canada. Statistics Canada. Input-Output Division. |
|---|---|
| Title | A hedonic cost study of well drilling and completion costs in Western Canada / by Andy Baldwin. |
| Publication type | Monograph |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | Digitized edition from print [produced by Statistics Canada]. |
| Publishing information | [Ottawa] : [Statistics Canada], [2000]. |
| Author / Contributor | Baldwin, Andy. |
| Catalogue number |
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| Subject terms | Drilling Costs |
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