Each North American shale play is statistical in nature, so no two wells or areas within a single play behave exactly the same way, How do break-even NYMEX gas prices for shale plays compare to non-shale plays and among themselves? To answer these key questions, the research team at Ross Smith Energy Group analyzed more than 16,000 wells drilled since 2008 from eight shale gas plays and nine onshore non-shale gas plays across North America. It was concluded that the weighted average half-cycle costs (excluding land, seismic, and infrastructure) for shale gas plays was US $S.83/Mcfe. In comparison, the same threshold for the onshore non-shale plays was 12% higher at $6.S5/Mcfe.
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