Average gas well a money loser, says CERI

摘要

The average natural gas supply cost for new production in the Western Canadian Sedimentary Basin was $4.79 per thousand cubic feet for vertical wells and $5.71 per thousand cubic feet for horizontal wells in 2012, estimated a Canadian Energy Research Institute (CERI) study. "On average, new natural gas wells drilled in 2012 would need a higher natural gas price than current levels to be considered economic and would not recover their full costs over the producing lifetime of the well," said CERI Study No. 136, Conventional Natural Gas Supply Costs in Western Canada.