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Oil & gas: same structure as upstream extraction

The oil & gas sector broadly uses the exact same cost structure as upstream oil & gas extraction - per-well drilling cost depreciated against reserves, and natural production decline.

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Same structure as upstream oil & gas extraction

The oil & gas sector uses the EXACT SAME ten-category structure as upstream oil & gas extraction - no purchased material, drilling cost depreciated against each well's own reserves, natural production decline over time.

See the Oil & gas extraction guide for the full ten categories and the industry's two most important structural features: drilling cost and the production decline curve.

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Oil & gas: same structure as upstream extraction | costdown.org