|
Environmental BioTechnologies, Inc. |
Cost/Benefit Analysis of a MET Survey in SE Saskatchewan
Townships T1-2, R1-3, W2
Area of Survey (acres) 120,960.00 Wells Drilled 74
Conventional Approach without MET Surveys Activities Units Unit Cost Cost Completed wells 17 $180,000.00 $3,060,000 Dry wells 57 $125,000.00 $7,125,000 Lease hold (acres) 41,500 $20 $830,000 Annual land fee 41,500 $2 $83,000 Seismic surveys (miles) 148 $3,500.00 $518,000 Geological work up (sites) $5,000.00 $370,000 Total Current Cost $11,986,000 
Results Units Unit Cost Producing wells 17 $705,059 Results if MET Survey Data was used Activities Unit Cost Recommended sites completed 12 $180,000 $2,160,000 Recommended sites D&A 7 $125,000 $875,000 Leasehold (acres) 12,160 $20 $243,000 MET survey cost 1 $145,000 $145,000 Annual land fee 12,160 $2 $24,320 Seismic surveys (miles) $3,500 $133,000 Geological work up (site) 19 $5,000 $95,000 Total Costs $3,580,520 Results Units Unit Cost Producing wells 12 $298,377 Cost savings $8,405,480 % Reduction in finding costs 58% Cost to obtain savings $145,000 ROI 5797%
Main Menu - Petroleum services - Environmental services- Webmaster
Where in the world? - Client list - Map Sales - EBT Book Room
Environmental BioTechnologies, Inc.
255C S. Guild Ave.
Lodi, CA 95240
Contact us
