Well Abandonment Program for Colorado Operators

8 Well Abandonment Program for Colorado Operator

Objective

A Colorado operator needed to initiate a well abandonment program for 8 wells while their in-house staff concentrated on the company's development program. To enable their team to focus on critical phases of this program and maintain cost control, they chose to outsource the project to TAQ. For the wider process behind this work, read our oil and gas decommissioning guide.

Cost and Control

Direct savings of $6,450 per well highlight effective cost control measures in our well abandonment program, representing a 13% reduction in project cost. Additionally, we achieve indirect savings of $1,100 per well, equating to a 2% decrease in overall project expenses while preventing overcharges for Colorado operators.

Solution

TAQ developed a customized solution for the Colorado operator, optimizing their well abandonment program to minimize the time spent on it while ensuring the wells were properly plugged and costs were effectively controlled.

TAQ handled all aspects including engineering, regulatory compliance, landowner communication, vendor selection, operations, and reporting, while ensuring thorough communication with key members of the operator's team.

Benefits

1. Execution with Minimal Well Information: The Colorado operator lacked complete wellbore information from the previous operator. TAQ developed a comprehensive well abandonment program using only public data, ensuring effective cost control.

2. Operations Supervision: TAQ worked with Colorado operators and field service providers to plan and coordinate the operations, which effectively controlled costs and eliminated the need for a separate wellsite supervisor in the well abandonment program.

3. Cost Control: Through diligent operations oversight, daily cost monitoring, and effective cost reconciliation, the Colorado Operator, TAQ, successfully managed to prevent out of scope charges in the well abandonment program.

Case Study: Well Abandonment Colorado

8 Well Abandonment Program for Colorado Operator

Objective

Cost and Control

Solution

Explore the Possibilities with TAQ Energy

Benefits

Client Feedback

Case Study: Well Abandonment Colorado

8 Well Abandonment Program for Colorado Operator

Objective

Cost and Control

Solution

Explore the Possibilities with TAQ Energy

Benefits

Client Feedback

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