8 Well Abandonment Colorado

8 Well Abandonment Program for Colorado Operator

Objective

Cost and Control

A Colorado-based operator required the abandonment of 8 wells while their in-house staff was focused on the company’s development program. To allow their staff to focus on critical phases of their development program, they outsourced the project to TAQ.

Cost and Control

Direct savings $6,450/well

-13% project cost

Indirect savings $1,100/well

-2% equiv. project cost

Prevented overcharges

Solution

Cost and Control

Solution

TAQ created a customized solution for the operator to minimize their time spent on the abandonment program while providing confidence the wells were adequately plugged and costs were minimized.

TAQ performed all engineering, regulatory, landowner communication, vendor selection, operations and reporting duties while maintaining thorough communication with key memeber's of the operator's team

Benefits

1. Execution with Minimal Well Information: The client lacked complete wellbore information from the previous operator. TAQ created a comprehensive program using only public data.

2. Operations Supervision: TAQ worked with field service providers to plan and coordinate the operations. This eliminated the need and cost for a separate wellsite supervisor.

3. Cost Control: Combining operations oversight, daily cost monitoring and cost reconciliation, TAQ was able to prevent out of scope charges.

Case Study: Well Abandonment Colorado

8 Well Abandonment Program for Colorado Operator

Objective

Cost and Control

Cost and Control

Cost and Control

Cost and Control

Cost and Control

Solution

Cost and Control

Solution

Benefits

Client Feedback

Case Study: Well Abandonment Colorado

8 Well Abandonment Program for Colorado Operator

Objective

Cost and Control

Cost and Control

Cost and Control

Cost and Control

Cost and Control

Solution

Cost and Control

Solution

Benefits

Client Feedback

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