Large Well Abandonment

93 Well Abandonment Program

Objective

Efficiencies

An operator with large annual abandonment obligations in multiple states required assistance accelerating their program to satisfy regulatory stipulations. The requirements included engineering design, procedure generation, permitting, RFP administration, vendor recommendations and AFE and budget creation.

Efficiencies

275 hours of staff time saved

Lower bid pricing due to

increased competitiveness

Program executed on schedule.

Solution

Efficiencies

Solution

Using our P&A-specific software tools, we accelerated the design process and permit approvals. Concurrently, TAQ provided detailed bid analysis and vendor recommendations to the client. TAQ generated unique, design-specific cost estimates and AFEs for each of the 93 wells and established a full-program budget and timeline.

Benefits

1. Level Loading: TAQ completed a large volume of work in a short timeframe, preventing the operator from pulling staff off other projects.

2. Competitive Bid & Vendor Evaluation: TAQ collected proposals from vendors familiar to the operator and brought in new vendor options, creating a more competitive bid process.

3. Well specific cost estimates & budget: Using our P&A design, cost estimation and planning tools, we built well-specific AFEs which increased accuracy of the full program budget and timeline.

Client Quote

“TAQ Energy provided exemplary service helping our company prepare for a multi- state, 93 well P&A program. They wrote detailed procedures, worked with regulatory entities to ensure compliance, provided in-depth analysis of bids, projected accurate well by well cost estimates, and delivered any additional requested information in a prompt manner. Due to TAQ’s P&A knowledge, along with the upfront time and effort they expended, the current year’s program has been a success. I recommend TAQ to any organization looking for aid in their P&A programs.”

- Production Engineering Manager

Case Study: Well Abandonment Multiple States

93 Well Abandonment Program

Objective

Efficiencies

Efficiencies

Efficiencies

Efficiencies

Efficiencies

Solution

Efficiencies

Solution

Benefits

Client Quote

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