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15 Completion

Days:

Dry Hole Cost Completion

Cost Total Cost

1 $ 10,000 10,000$2 $ 20,000 20,000$

3 $ 10,000 10,000$4 $ 100,000 100,000$5 Road $ 225,000 225,000$

6 Maintenance $ 1,600 1,600$7 Site Cleanup $ 3,200 3,200$8 Standby Equipment $ 4,700 4,700$9 Supervision $ 2,300 2,300$

10 Permits $ 30,000 30,000$11 $ 88,800 88,800$12 Rig up/move out Labor $ 22,000 22,000$13 -$14 $ 285,000 285,000$15 $ 23,000 23,000$16 $ 27,000 27,000$

17 Crew (extra) $ 800 800$

18Crew transportaion $ 2,000

2,000$19 -$20 $ 20,000 20,000$

21Fuel $ 23,000 23,000$

22 Standby $ 37,000 37,000$23 Water and trucking $ 26,000 26,000$24 $ 6,600 6,600$25 $ 7,500 7,500$26 -$27 -$28 $ 8,300 8,300$29 $ 18,700 18,700$30 -$31 -$32 -$

a -$b -$

c $ 21,000 21,000$

d -$

e $ 26,500 26,500$

f -$

License/Fees

Drilling Days:

Item/Description

INTANGIBLE COSTS

3

Well Name:

Field:

TD:

Drilling Contractor:

14.75 inch

12.25 inch

9.875 inch

6900 ft

Example

ABC

AFE Cost Summary

Drill pipe and drill collars

Open hole surveys

Camp and communications

Directional drilling tools and services

Bits

Contract drilling (day rate--contractor's drill pipe)

Crew

Solids control equipment

Stabilizers, reamers, hole openers, scrapers, subs

Contract labor

Tanks

Completion daywork

Well control equipment not included with rig

Other surface equipment

Rig mobilization & demobilization (incl. labor)

Location

Contract drilling (footage)

Insurance

Engineering and Planning

24 inch

20 inch

17.5 inch

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AFE Cost Summaryg $ 15,000 15,000$

h -$

i -$

j -$

k -$

33 $ 38,000 38,000$

34 $ 170,000 170,000$

35 $ 348,000 348,000$36 25,000$ 25,000$37 -$38 $ 1,500 1,500$39 $ 13,000 13,000$40 $ 245,000 245,000$41 $ 53,500 53,500$42 $ 50,000 12,200$ 62,200$43 $ 12,500 12,500$44 $ 7,500 7,500$45 -$

a -$b $ 15,000 15,000$c $ 22,500 22,500$d $ 22,500 22,500$

46 -$47 22,400$ 22,400$48 3,900$ 3,900$49 -$50 50,000$ 50,000$51 -$52 $ 6,000 4,000$ 10,000$

53 $ 40,500 4,500$ 45,000$54 5,500$ 5,500$55 -$56 -$57 -$

58 $ 120,000 $ 3,000 123,000$59 $ 104,375 $ 7,525 111,900$60 $ 220,750 $ 15,350 236,100$61 $ 2,532,625 $ 176,375 $ 2,709,000

Dry Hole Cost Complet ion

Cost

Total Cost

62 -$a $ 8,600 8,600$b $ 32,200

32,200$c $ 187,000 187,000$d $ 162,200 162,200$e -$

4.75 inch

Transportation: Freight and MaterialsTransportation: Vacuum trucking & Disposal

Sand control equipment and services:

Stimulation treatment (acidizing):

Stimulation treatment (hydraulic fracturing):

Intermediate casing:

Production casing/liner:

Slickline services

Data recording equipment

8.5, 8.75 inch

7.875inch

6.25 inch

5.875 inch

Tubular Goods:

Conductor Csg

Unclassified services and materials:

Environmental, safety and H2S services:

Contingency (10% of Items 1-58 total):

TOTAL INTANGIBLE COST (Items 1-60 to tal):

Company labor, supervision and engineering:

Item/Description

Other intangible costs

TANGIBLE COSTS:

Surface Csg:

Intermediate Csg:

Coring and core analysis

Drillstem testing, production testing equipment and services

Fluid sampling and analysis

Surface casing:

Unclassified tool rental and drayage:

Unclassified drayage and supplies:

Production Csg:

Production Liner:

Drilling mud services and materials: intermediate hole

Drilling mud services and materials:production hole

Completion fluid and services

Mud logging equipment and services

Open hole logging equipmnt and services

Cased hole logging and perforatiing

Drilling mud services and materials: conductor, surface hole

Plugback and remedial cementing materials and services:

Fishing tool rentals and services:

Casing crew and equipment:

Primary cementing materials and services:

Conductor casing:

G & A (5% of Items 1-58 total):

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AFE Cost Summaryf $ 50,000 50,000$

63 -$64 $ 52,500 52,500$65 -$66 -$67 $ 492,500 $ - 492,500$68 $ 24,625 $ - 24,625$69 517,125 -

517,125

70 3,049,750 176,375 3,226,125

Production Tbg.:

Casing Accessories:

Wellhead Equipment:

Total Tangible Costs (Items 67+68):

Packers and Tubing Accessories:

Surface Lines, Hydraulics & Control Equipment:

Items 62-66 Subtotal:

Unclassified materials and Contingency (5% of Items 62-66)

TOTAL COST, TANGIBLE + INTANGIBLE (Items 61+69):

3