I would assume the top three costs for drilling and completing a well:
- time: the total amount of time a rig and a fracking team spends on site
- fracking: two components -- amount of time it takes to frack and amount of proppant
- after that, everything else
- the operators have probably reached the lower limit of number of days on site to drill a well --
- one to two days for the vertical
- twelve hours for the curve
- one to days for the lateral
- amount of proppant: being optimized; not seeing very much wells completely with massive amounts of proppant
- time to complete a frack: it appears the amount of time for an individual well has come down, but perhaps not by much -- about ten days; but fracking a number of wells on one pad quickly in succession has brought the overall average down, I would assume
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