Well Cost | Top Story | Capital Markets | Capital Expenditure | Drilling Activity
Vaca Muerta 2016: 100 Horizontal Wells; New Frac Plugs, Cheap Sand
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(All monetary values are in USD$ millions)
Key Points: Focusing on horizontal drilling (~90% of planned wells will be HZ) Cutting well costs to $10 million / well 54 wells to be drilled in 2016 (~49 horizontal wells) Current wells on production: 424 Slowing pace of Vaca Muerta derisking Cutting Well Costs to $10 Million / WellYPF CEO Miguel Galluccio noted that YPF will now be focusing on drilling predominantly horizontal wells going forward: "We are now migrating to horizontal drilling as a result of the 31 horizontal wells we drilled last year show [a better EUR] and, therefore, more promising economies per well. Those horizontal wells are costing us around $30 million each and we expect to be closer to $10 million by the end of this year as we…
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